North America Wood Plastic Composites Market Size Prognosticated to Perceive a Thriving Growth by 2023

1. North America Wood Plastic Composites Market

2. North America Wood Plastic Composites Market by Type (PE-based Composites, PVC-based Composites, PP-based Composites, and Others), by Application (Building & Construction, Automotive Components, Industrial & Agriculture Products, and Others), and by Country (U.S., Canada, and Rest of North America) - Opportunity Analysis and Industry Forecast, 2017-2023

3. Smart Polymers Market Overview: North America Wood Plastic Composites Market was valued at $736 million in 2016, and is projected to reach $1,876 million by 2023, registering a CAGR of 12.4% from 2017 to 2023. Wood plastic composites (WPCs) are made up of recycled plastic and wood wastes with beneficial features such as low melting temperature that results in lower energy costs for producers. This also reduces the impact of the product on the environment. These composites are growing at the highest rate among the plastic additives. These hybrid materials provide sustainability, longevity, and cost savings in a wide range of applications such as car speakers, interiors, home furniture, and kitchen accessories. Get Sample Report

4. Segmentation • The North America wood plastic composites market is segmented into type, application, and country. Based on type, it is categorized into PE-based composites, PVC-based composites, PP-based composites, and others. Based on application, it is divided into building & construction, automotive components, industrial & consumer products, and others. By country, it is analyzed across the U.S., Canada, and rest of North America. • The PE-based Composites was the highest revenue contributor, accounting for approximately 70% share in 2016, PE is the most widely used WPCs in the U.S. for WPC decking applications. PE-based wood plastic composites consist of wood sawdust, and hence, are suitable for building and structural components applications. 

6. Geography segment review The U.S. market for wood plastic composites was the largest market in the region owing to the increased automobile production and reemergence of chemical synthesis industry after the recession in North America. Environmental concerns regarding emissions have induced improved manufacturing methods and development of sustainable materials. The U.S. wood plastic composites market witnessed a comparatively protracted growth in the last few years, due to the economic slowdown. The level of economic activity directly influences the construction and automotive markets. Owing to the large share of these end-use industries in the U.S. wood plastic composites market, the growth is anticipated to fuel the end-use applications. The prominent players profiled in this report include Advanced Environmental Recycling Technologies Inc., Axion International Inc., Certainteed Corporation., Polymera Inc., Tamko Building Products Inc., TimberTech Ltd., Trex Company Inc., Green Matters Mexico, Wellington Polymer Technology Inc., and Shantex.

8. Key Benefits • The report provides an in-depth analysis of the current trends, drivers, and dynamics of the North America wood plastic composites market to elucidate the prevailing opportunities and tap the investment pockets. • It offers qualitative trends and quantitative analyses of the industry from 2016 to 2023 to assist stakeholders to understand the market scenario. • In-depth analysis of the key segments demonstrates the market potential of the North America wood plastic composites industry. • Competitive intelligence of the industry highlights the business practices followed by key players across the region and prevailing market opportunities. • Key market players and their strategies & developments are profiled to understand the competitive outlook of the market • .

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