Wood-plastic
composites are materials, which hare made up of wood flour or fiber and plastic
resins. These composites also contain a certain degree of additives, which
foster the integration of the wood and plastic and aid in the manufacturing
process. Most wood-plastic composites are manufactured using wood and plastic
wastes or recyclates. A minor share of these products is manufactured using
virgin wood and plastic materials. Extrusion is largely employed for the
manufacturing process, followed by injection moulding.
Analysts forecast
the Global Wood-Plastic
Composites market will grow at
a CAGR of 9 percent over the period 2013-2018.
There has been an
increase in the demand for PVC-capped decking products in the Global
Wood-Plastic Composites market. Capped decking products have protective plastic
surfaces that provide resistance to staining, fading, and scratching. While
most uncapped decking products provide similar benefits to and are cheaper than
capped decking products, they require periodic cleaning for maintenance. Thus,
the demand for capped decking products, especially those with PVC caps, is
expected to be high during the forecast period. A number of vendors such as
Fiberon and CPG International offer these products.
According to the
report, the increase in the demand for wood-plastic composites from the Housing
industry is one of the major drivers. In this industry, the demand for these
composites is particularly high for usage in interior decorations and outdoor
constructions such as decking, thereby contributing to the market growth.
Further, the report
states that the low preference for recyclates in products is one of the major
challenges. Most products offered by the market vendors are manufactured using
recycled material or recyclates rather than virgin materials. Several buyers
have concerns about the performance, durability, and quality of recyclates in
products and prefer wood-plastic composites manufactured using virgin
materials.
Covered in this Report
This report covers
the present scenario and the growth prospects of the Global Wood-Plastic
Composites market for the period 2014-2018.
To arrive at a
ranking for the leading vendors in the market, and to calculate the market
size, the report considers the revenue generated by these vendors from the
sales of wood-plastic composite products. It also presents the vendor landscape
and a corresponding detailed analysis of the top four vendors in the Global
Wood-Plastic Composites market. The report also provides data on the different
segments of the Global Wood-Plastic Composites market, which are based on the
following criteria: type of plastic, end-user, and geography.
In addition, the
report discusses the major drivers that influence the growth of the market. It
also outlines the challenges faced by the vendors and the market at large, as
well as the key trends that are emerging in the market.
Global Wood-Plastics
Composite Market 2014-2018, has been prepared based on an in-depth market
analysis with inputs from industry experts. The report covers North America,
Asia, Europe and the Rest of the World; it also covers the Global Wood-Plastics
Composite market landscape and its growth prospects in the coming years. The
report also includes a discussion of the key vendors operating in this market.
