North America Wood Plastic Composites Market

North America Wood Plastic Composites Market Size & Overview – Key Insights & Forecast

Base Year: 2022 Historical Data: 2019-21
  • Report ID: TBI-13610
  • Published Date: Aug, 2023
  • Pages: 237
  • Category: Chemicals & Materials
  • Format: PDF
Buy @ $4700.00 Request Sample PDF

Market Introduction

The North American wood plastic composites market was valued at USD 4 billion in 2022 and grew at a CAGR of 10% from 2023 to 2032. The market is expected to reach USD 10.37 billion by 2032. The growing building and construction industry will drive the growth of the North American wood plastic composites market.

As the name suggests, a wood-plastic composite is a mixture of wood and plastic. The composition allows the resultant material to have the best qualities of both plastic and wood, better than the two reactant materials and their properties. Thermoplastics such as PVC, PLA, polythene and polypropylene are used. One of the significant advantages of wood plastic composite is their eco-friendly nature, given that they can be produced with discarded plastic and wood. The high-recyclability of wood plastic composite without losing its properties also makes them an ideal choice in a sustainable economy. Furthermore, their maintenance is inexpensive given their 100% termite and waterproof nature. The water and termite-proof nature make WPC an optimum choice for outdoor flooring, decking, doors, windows, furniture, fences and railings. Combining these two elements makes the product heavier than PVC and lighter than traditional woodwork. WPC is also flexible giving consumers room to customize it according to their tastes and preferences, which prevents any compromise on aesthetics in the modern world. Furthermore, WPC does not corrode, decay or rot given the plastic element of the products, which makes it highly durable and resilient, expanding its life cycle and making it cost-effective. They can withstand harsh environmental conditions and elements. They are highly durable and easy to maintain.

Wood Plastic Composites Market Size

Get an overview of this study by requesting a free sample

Recent Development

  • April 2023 - To guarantee that all wood plastic composite (WPC) deck boards exiting a production line are in pristine condition, Pixargus developed a new inline inspection system. The compact ProfilControl 7 DX WoodPlasticComposites system uses Pixargus' successful and well-proven PC7 inspection technology to measure the geometry of both single, cut-to-length pieces and continuously extruded long items. Pixargus modified their most popular technology for the difficult job of WPC inspection. The systems take real-time measurements of 360° of the product for attributes such as distances, angles, radii, and combinations.

1. Introduction
    1.1. Objectives of the Study
    1.2. Market Definition
    1.3. Research Scope
    1.4. Currency
    1.5. Key Target Audience

2. Research Methodology and Assumptions

3. Executive Summary

4. Premium Insights
    4.1. Porter’s Five Forces Analysis
    4.2. Value Chain Analysis
    4.3. Top Investment Pockets
          4.3.1. Market Attractiveness Analysis by Product Type
          4.3.2. Market Attractiveness Analysis by Application
          4.3.3. Market Attractiveness Analysis by Country
    4.4. Industry Trends

5. Market Dynamics
    5.1. Market Evaluation
    5.2. Drivers
          5.2.1. The growing building and construction industry
    5.3. Restraints
          5.3.1. The high cost of wood plastic composites
    5.4. Opportunities
          5.4.1. The eco-friendly and sustainable nature of wood plastic composite
    5.5. Challenges
          5.5.1. The lack of awareness

6. North America Wood Plastic Composites Market Analysis and Forecast, By Product Type
    6.1. Segment Overview
    6.2. Polyethylene
    6.3. Polyvinylchloride
    6.4. Polypropylene
    6.5. Others

7. North America Wood Plastic Composites Market Analysis and Forecast, By Application
    7.1. Segment Overview
    7.2. Building and Construction
    7.3. Industrial and Agricultural Products
    7.4. Automotive Components
    7.5. Others

8. North America Wood Plastic Composites Market Analysis and Forecast, By Country-Wise Analysis
    8.1. Segment Overview
    8.2. U.S.
    8.3. Canada
    8.4. Mexico

9. North America Wood Plastic Composites Market-Competitive Landscape
    9.1. Overview
    9.2. Market Share of Key Players in the Wood Plastic Composites Market
          9.2.1. North America Company Market Share
    9.3. Competitive Situations and Trends
          9.3.1. Product Launches and Developments
          9.3.2. Partnerships, Collaborations, and Agreements
          9.3.3. Mergers & Acquisitions
          9.3.4. Expansions

10. Company Profiles
    10.1. Advanced Environmental Recycling Technologies, Inc. (AERT)
          10.1.1. Business Overview
          10.1.2. Company Snapshot
          10.1.3. Company Market Share Analysis
          10.1.4. Company Product Portfolio
          10.1.5. Recent Developments
          10.1.6. SWOT Analysis
    10.2. American Wood Fibers Inc.
          10.2.1. Business Overview
          10.2.2. Company Snapshot
          10.2.3. Company Market Share Analysis
          10.2.4. Company Product Portfolio
          10.2.5. Recent Developments
          10.2.6. SWOT Analysis
    10.3. CertainTeed Corporation
          10.3.1. Business Overview
          10.3.2. Company Snapshot
          10.3.3. Company Market Share Analysis
          10.3.4. Company Product Portfolio
          10.3.5. Recent Developments
          10.3.6. SWOT Analysis
    10.4. Polymera, Inc.
          10.4.1. Business Overview
          10.4.2. Company Snapshot
          10.4.3. Company Market Share Analysis
          10.4.4. Company Product Portfolio
          10.4.5. Recent Developments
          10.4.6. SWOT Analysis
    10.5. PolyPlank AB
          10.5.1. Business Overview
          10.5.2. Company Snapshot
          10.5.3. Company Market Share Analysis
          10.5.4. Company Product Portfolio
          10.5.5. Recent Developments
          10.5.6. SWOT Analysis
    10.6. TAMKO Building Products, Inc.
          10.6.1. Business Overview
          10.6.2. Company Snapshot
          10.6.3. Company Market Share Analysis
          10.6.4. Company Product Portfolio
          10.6.5. Recent Developments
          10.6.6. SWOT Analysis
    10.7. TimberTech
          10.7.1. Business Overview
          10.7.2. Company Snapshot
          10.7.3. Company Market Share Analysis
          10.7.4. Company Product Portfolio
          10.7.5. Recent Developments
          10.7.6. SWOT Analysis
    10.8. Trex Company, Inc.
          10.8.1. Business Overview
          10.8.2. Company Snapshot
          10.8.3. Company Market Share Analysis
          10.8.4. Company Product Portfolio
          10.8.5. Recent Developments
          10.8.6. SWOT Analysis
    10.9. Universal Forest Product
          10.9.1. Business Overview
          10.9.2. Company Snapshot
          10.9.3. Company Market Share Analysis
          10.9.4. Company Product Portfolio
          10.9.5. Recent Developments
          10.9.6. SWOT Analysis
    10.10. Wellington Polymer Technology Inc.
          10.10.1. Business Overview
          10.10.2. Company Snapshot
          10.10.3. Company Market Share Analysis
          10.10.4. Company Product Portfolio
          10.10.5. Recent Developments
          10.10.6. SWOT Analysis
 

List of Table

1. North America Wood Plastic Composites Market, By Product Type, 2019-2032 (USD Billion) 

2. North America Polyethylene Wood Plastic Composites Market, By Region, 2019-2032 (USD Billion) 

3. North America Polyvinylchloride Wood Plastic Composites Market, By Region, 2019-2032 (USD Billion) 

4. North America Polypropylene Wood Plastic Composites Market, By Region, 2019-2032 (USD Billion) 

5. North America Others Wood Plastic Composites Market, By Region, 2019-2032 (USD Billion) 

6. North America Wood Plastic Composites Market, By Application, 2019-2032 (USD Billion) 

7. North America Building and Construction Wood Plastic Composites Market, By Region, 2019-2032 (USD Billion) 

8. North America Industrial and Agricultural Products Wood Plastic Composites Market, By Region, 2019-2032 (USD Billion) 

9. North America Automotive Components Wood Plastic Composites Market, By Region, 2019-2032 (USD Billion) 

10. North America Others Wood Plastic Composites Market, By Countries, 2019-2032 (USD Billion) 

11. U.S. Wood Plastic Composites Market, By Product Type, 2019-2032 (USD Billion) 

12. U.S. Wood Plastic Composites Market, By Application, 2019-2032 (USD Billion) 

13. Canada Wood Plastic Composites Market, By Product Type, 2019-2032 (USD Billion) 

14. Canada Wood Plastic Composites Market, By Application, 2019-2032 (USD Billion) 

15. Mexico Wood Plastic Composites Market, By Product Type, 2019-2032 (USD Billion) 

16. Mexico Wood Plastic Composites Market, By Application, 2019-2032 (USD Billion) 

List of Figures 

1. North America Wood Plastic Composites Market Segmentation

2. Wood Plastic Composites Market: Research Methodology

3. Market Size Estimation Methodology: Bottom-Up Approach

4. Market Size Estimation Methodology: Top-Down Approach

5. Data Triangulation

6. Porter’s Five Forces Analysis 

7. Value Chain Analysis 

8. North America Wood Plastic Composites Market Attractiveness Analysis by Product Type

9. North America Wood Plastic Composites Market Attractiveness Analysis by Application

10. North America Wood Plastic Composites Market Attractiveness Analysis by Country

11. North America Wood Plastic Composites Market: Dynamics

12. North America Wood Plastic Composites Market Share by Product Type (2022 & 2032)

13. North America Wood Plastic Composites Market Share by Application (2022 & 2032)

14. North America Wood Plastic Composites Market Share by Countries (2022 & 2032)

15. North America Wood Plastic Composites Market Share by Company (2022)

This study forecasts revenue at regional, and country levels from 2019 to 2032. The Brainy Insights has segmented the North America Wood Plastic Composites Market based on below mentioned segments:

North America Wood Plastic Composites Market by Product Type:

  • Polyethylene
  • Polyvinylchloride
  • Polypropylene
  • Others

North America Wood Plastic Composites Market by Application:

  • Building and Construction
  • Industrial and Agricultural Products
  • Automotive Components
  • Others

North America Wood Plastic Composites Market by Country:

  • U.S.
  • Canada
  • Mexico

Methodology

Research has its special purpose to undertake marketing efficiently. In this competitive scenario, businesses need information across all industry verticals; the information about customer wants, market demand, competition, industry trends, distribution channels etc. This information needs to be updated regularly because businesses operate in a dynamic environment. Our organization, The Brainy Insights incorporates scientific and systematic research procedures in order to get proper market insights and industry analysis for overall business success. The analysis consists of studying the market from a miniscule level wherein we implement statistical tools which helps us in examining the data with accuracy and precision. 

Our research reports feature both; quantitative and qualitative aspects for any market. Qualitative information for any market research process are fundamental because they reveal the customer needs and wants, usage and consumption for any product/service related to a specific industry. This in turn aids the marketers/investors in knowing certain perceptions of the customers. Qualitative research can enlighten about the different product concepts and designs along with unique service offering that in turn, helps define marketing problems and generate opportunities. On the other hand, quantitative research engages with the data collection process through interviews, e-mail interactions, surveys and pilot studies. Quantitative aspects for the market research are useful to validate the hypotheses generated during qualitative research method, explore empirical patterns in the data with the help of statistical tools, and finally make the market estimations.

The Brainy Insights offers comprehensive research and analysis, based on a wide assortment of factual insights gained through interviews with CXOs and global experts and secondary data from reliable sources. Our analysts and industry specialist assume vital roles in building up statistical tools and analysis models, which are used to analyse the data and arrive at accurate insights with exceedingly informative research discoveries. The data provided by our organization have proven precious to a diverse range of companies, facilitating them to address issues such as determining which products/services are the most appealing, whether or not customers use the product in the manner anticipated, the purchasing intentions of the market and many others.

Our research methodology encompasses an idyllic combination of primary and secondary initiatives. Key phases involved in this process are listed below:

MARKET RESEARCH PROCESS

Data Procurement:

The phase involves the gathering and collecting of market data and its related information with the help of different sources & research procedures.

The data procurement stage involves in data gathering and collecting through various data sources.

This stage involves in extensive research. These data sources includes:

Purchased Database: Purchased databases play a crucial role in estimating the market sizes irrespective of the domain. Our purchased database includes:

  • The organizational databases such as D&B Hoovers, and Bloomberg that helps us to identify the competitive scenario of the key market players/organizations along with the financial information.
  • Industry/Market databases such as Statista, and Factiva provides market/industry insights and deduce certain formulations. 
  • We also have contractual agreements with various reputed data providers and third party vendors who provide information which are not limited to:
    • Import & Export Data
    • Business Trade Information
    • Usage rates of a particular product/service on certain demographics mainly focusing on the unmet prerequisites

Primary Research: The Brainy Insights interacts with leading companies and experts of the concerned domain to develop the analyst team’s market understanding and expertise. It improves and substantiates every single data presented in the market reports. Primary research mainly involves in telephonic interviews, E-mail interactions and face-to-face interviews with the raw material providers, manufacturers/producers, distributors, & independent consultants. The interviews that we conduct provides valuable data on market size and industry growth trends prevailing in the market. Our organization also conducts surveys with the various industry experts in order to gain overall insights of the industry/market. For instance, in healthcare industry we conduct surveys with the pharmacists, doctors, surgeons and nurses in order to gain insights and key information of a medical product/device/equipment which the customers are going to usage. Surveys are conducted in the form of questionnaire designed by our own analyst team. Surveys plays an important role in primary research because surveys helps us to identify the key target audiences of the market. Additionally, surveys helps to identify the key target audience engaged with the market. Our survey team conducts the survey by targeting the key audience, thus gaining insights from them. Based on the perspectives of the customers, this information is utilized to formulate market strategies. Moreover, market surveys helps us to understand the current competitive situation of the industry. To be precise, our survey process typically involve with the 360 analysis of the market. This analytical process begins by identifying the prospective customers for a product or service related to the market/industry to obtain data on how a product/service could fit into customers’ lives.

Secondary Research: The secondary data sources includes information published by the on-profit organizations such as World bank, WHO, company fillings, investor presentations, annual reports, national government documents, statistical databases, blogs, articles, white papers and others. From the annual report, we analyse a company’s revenue to understand the key segment and market share of that organization in a particular region. We analyse the company websites and adopt the product mapping technique which is important for deriving the segment revenue. In the product mapping method, we select and categorize the products offered by the companies catering to domain specific market, deduce the product revenue for each of the companies so as to get overall estimation of the market size. We also source data and analyses trends based on information received from supply side and demand side intermediaries in the value chain. The supply side denotes the data gathered from supplier, distributor, wholesaler and the demand side illustrates the data gathered from the end customers for respective market domain.

The supply side for a domain specific market is analysed by:

  • Estimating and projecting penetration rates through analysing product attributes, availability of internal and external substitutes, followed by pricing analysis of the product.
  • Experiential assessment of year-on-year sales of the product by conducting interviews.

The demand side for the market is estimated through:

  • Evaluating the penetration level and usage rates of the product.
  • Referring to the historical data to determine the growth rate and evaluate the industry trends

In-house Library: Apart from these third-party sources, we have our in-house library of qualitative and quantitative information. Our in-house database includes market data for various industry and domains. These data are updated on regular basis as per the changing market scenario. Our library includes, historic databases, internal audit reports and archives.

Sometimes there are instances where there is no metadata or raw data available for any domain specific market. For those cases, we use our expertise to forecast and estimate the market size in order to generate comprehensive data sets. Our analyst team adopt a robust research technique in order to produce the estimates:

  • Applying demographic along with psychographic segmentation for market evaluation
  • Determining the Micro and Macro-economic indicators for each region 
  • Examining the industry indicators prevailing in the market. 

Data Synthesis: This stage involves the analysis & mapping of all the information obtained from the previous step. It also involves in scrutinizing the data for any discrepancy observed while data gathering related to the market. The data is collected with consideration to the heterogeneity of sources. Robust scientific techniques are in place for synthesizing disparate data sets and provide the essential contextual information that can orient market strategies. The Brainy Insights has extensive experience in data synthesis where the data passes through various stages:

  • Data Screening: Data screening is the process of scrutinising data/information collected from primary research for errors and amending those collected data before data integration method. The screening involves in examining raw data, identifying errors and dealing with missing data. The purpose of the data screening is to ensure data is correctly entered or not. The Brainy Insights employs objective and systematic data screening grades involving repeated cycles of quality checks, screening and suspect analysis.
  • Data Integration: Integrating multiple data streams is necessary to produce research studies that provide in-depth picture to the clients. These data streams come from multiple research studies and our in house database. After screening of the data, our analysts conduct creative integration of data sets, optimizing connections between integrated surveys and syndicated data sources. There are mainly 2 research approaches that we follow in order to integrate our data; top down approach and bottom up approach.

Market Deduction & Formulation: The final stage comprises of assigning data points at appropriate market spaces so as to deduce feasible conclusions. Analyst perspective & subject matter expert based holistic form of market sizing coupled with industry analysis also plays a crucial role in this stage.

This stage involves in finalization of the market size and numbers that we have collected from data integration step. With data interpolation, it is made sure that there is no gap in the market data. Successful trend analysis is done by our analysts using extrapolation techniques, which provide the best possible forecasts for the market.

Data Validation & Market Feedback: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helps us finalize data-points to be used for final calculations.

The Brainy Insights interacts with leading companies and experts of the concerned domain to develop the analyst team’s market understanding and expertise. It improves and substantiates every single data presented in the market reports. The data validation interview and discussion panels are typically composed of the most experienced industry members. The participants include, however, are not limited to:

  • CXOs and VPs of leading companies’ specific to sector
  • Purchasing managers, technical personnel, end-users
  • Key opinion leaders such as investment bankers, and industry consultants

Moreover, we always validate our data and findings through primary respondents from all the major regions we are working on.

Some Facts About The Brainy Insights

50%

Free Customization

300+

Fortune 500 Clients

1

Free Yearly Update On Purchase Of Multi/Corporate License

900+

Companies Served Till Date