DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Global Wood Plastic Composite Market Insights, Opportunity Analysis, Market Shares and Forecast, 2016 - 2022" report to their offering.
The wood-plastic composites market is expected to grow approx USD 6.10 Billion by 2022 at a CAGR of 12.8% for the forecasted period of 2016 to 2022.
The factors that influencing the market demand are superior properties such as thermal stability, stiffness and better reprocessing, rising demand of wood plastic composite due to eco-friendliness, growing focus of plastic manufacturers on wood plastic composite etc. The factors that are hindering the market growth are high cost of raw materials, cases filed against wood plastic composite companies etc. The market has lot of opportunity with the volatility in petroleum prices and increasing scope in consumer goods such as pencils, lipsticks, toys etc. The challenge for the market is reducing the load of wood plastic composite products.
North America is leading in the wood plastic composite market due to high investment towards building infrastructure because North America is the major region in the building & construction area across the globe. Europe and Asia pacific is following North America. Europe is the second highest market due to growing automotive sector in the European region such as Germany etc. Asia pacific is expected to be the rapid growing region which is encouraging by the factors such as rising disposable income and consumer & electronic goods manufacturing in China.
- Beologic N.V.
- Fiberon Llc.
- Fkur Plastics Corporation
- Green Bay Decking Llc.
- Guangzhou Kingwood Co. Ltd.
- Jelu-Werk J. Ehrler Gmbh & Co. Kg
- Polyplank Ab
- Tamko Building Products Inc.
- Trex Company Inc.
- Universal Forest Products Inc.
Key Topics Covered:
2. Market Overview
3. Market Determinants
4. Market Segmentation
5. Geographic Analysis
6. Company Profiles
For more information about this report visit http://www.researchandmarkets.com/research/5gpcj3/global_wood