The wood plastic composite market is projected to grow from $ 2579.90 million in 2014 to $4,601.7 million by 2019, with a CAGR of 12.2% between 2014 and 2019. Polyethylene is the single-largest segment, holding 56.6% share of the global wood plastic composite market in 2014 and is projected to grow with a CAGR of 12.0% between 2014 and 2019. North America is the largest market of polyethylene and Asia stood second in 2014. The wood plastic composite market consists of four application; they are building and construction products, automotive components, industrial & consumer goods and others. The demand for building and construction segment accounted for the largest share in 2014, at $2,579.9 million, and it is projected to reach $4,601.7 million by 2019. North America was the largest consumer of building and construction products in 2014, followed by the Asian region.
Complete research is available at http://www.rnrmarketresearch.com/wood-plastic-composite-market-by-type-polyethylene-polyvinylchloride-propylene-and-others-applications-building-construction-products-automotive-components-industrial-consumer-goods-and-market-report.html.
In this research, global wood-plastic composites market is segmented by type, by application, and by geography. The market size of each region such as North America, Western Europe, Asia, and Rest of the World (RoW) is projected in the report. The key countries such as U.S., Germany, China, and Brazil are covered and their market size is forecasted along with their growth rates. The wood plastic composite market is segmented on the basis of application that includes building and construction products, automotive components, industrial & consumer goods, and others. The demand for wood plastic composite for building and construction products accounted for the largest share in 2014.
Wood plastic composite are manufactured with major five processes across the globe which includes extrusion, injection, co-extrusion, foaming and rot molding. Leading companies in the wood plastic composite are continuously seeking new technologies for manufacturing wood plastic composite with high efficiency. The leading players of this market such as Fiberon LLC (U.S.), TimberTech (U.S.), Tamko building products (U.S.) and others are profiled in the report. The key players in this market have adopted various strategies to strengthen the market opportunities and increase their market shares. Partnerships, agreements, expansions, joint ventures, and acquisitions are some of the main strategies adopted by the market players to achieve growth in the wood-plastic composites market. Partnerships, agreements and collaborations accounted for 39% of all the growth strategies adopted by the players during the review period of 2009 to 2014.
Complete list of companies profiled in this wood-plastic composite market report include Trex Company, Inc., Advanced Environmental Recycling Technologies, Inc. (Aert), Fiberon LLC, Timbertech, Tamko Building Products, Axion International, Beologic N.V., Certainteed, Fkur Kunststoff GMBH, Josef Ehrler GMBH & Co. KG, Polymera, Inc., Polyplank AB and Universal Forest Products, Inc. Order a copy of this research at http://www.rnrmarketresearch.com/contacts/purchase?rname=244025 .