The market research report, entitled Wood-Plastic Composites Market aims to help the stakeholders discover more information regarding trends in the Wood-Plastic Composites Market. The report will give an overview of the detailed analysis of the correlated key players in the market, covering their competitive landscape, capacity, and latest developments like investments, expansion of capacity, technological growth, etc. Also, it covers different market segments and other factors affecting the market.

Global Wood-Plastic Composites Market Forecast:

The wood-plastic composites market was estimated at USD 5.8 billion in 2021 and is likely to grow at a CAGR of 11.28% during 2022-2028 to reach USD 12.33 billion in 2028.

Increasing use of wood-plastic composites in interior applications in the growing automotive industry, recovery in building and construction activities, and a high focus on the use of green materials are some of the major drivers of the wood-plastic composites market.

COVID-19 IMPACT

There was a partial or entire shutdown of manufacturing of non-essential products during the global pandemic in the year 2020. Restrictions on trades and lockdowns across the globe have negatively impacted the market and led to a decline in demand and sales of the wood-plastic composites market.

Some existing key players in the market are:

• TAMKO Building Product,
• Trex Company, Inc.,
• Advanced Environmental Recycling Technologies, Inc.,
• Universal Forest Products, Inc.,
• Fiberon, LLC,
• TimberTech,
• Beologic N.V.,
• CertainTeed.

Wood-Plastic Composites Market Segment Analysis:

Stratview Research’s proposed market report on Wood-Plastic Composites Market contains the segment-wise current market condition. Also, it offers an estimation of future growth opportunities.

As per the report, the market is segmented by:

• By Resin(Polyethylene, Polyvinylchloride, Polypropylene, and Others),
• By End Use Industry(Building & Construction, Automotive, Consumer Goods, and Others),
• By Manufacturing Process(Extrusion, Compression Molding, and Injection Molding), 
• By Region (North America, Europe, Asia-Pacific, and the Rest of the World).

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