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Wood Plastic Composites Market Expected to Reach $6,584 Million by 2023

In terms of value, the building & construction segment is expected to grow at a CAGR of 12.6% during the forecast period. In Asia-Pacific, China is estimated to grow at the highest CAGR of 12.9%, in terms of value.PVC-based composites occupied around one-eighth of the global market share in 2016, in terms of volume. U.S. accounted for over one-fifth of the global market in 2016, and is expected to grow at a significant CAGR of 8.8%, in terms of volume.<br><br>

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Wood Plastic Composites Market Expected to Reach $6,584 Million by 2023

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  1. Opportunity Analysis and Industry Forecast, 2016-2023 Wood Plastic Composites Market Status & Revenue Forecast Recorded during Forecast Period by 2023 Global Opportunity Analysis and Industry Forecast, 2017-2023

  2. Wood Plastic Composites Market “WPC provides a challenge to solid wood/polymer products as alternative construction materials and is expected to increase on a large scale in the near future due to development of more recycled products. Furthermore, reliable and consistent recyclable material supply chains are required for strong market growth, though high demand from automotive sector is expected to augment the market growth.”

  3. Wood Plastic Composites Market According to a new report published by Allied Market Research titled, Wood Plastic Composites Market by Type and Application: Global Opportunity Analysis and Industry Forecast, 2017-2023, the global wood plastic composites (WPC) market was valued at $2,551 million in 2016, and is expected to reach at $6,584 million by 2023, registering a CAGR of 12.6% from 2017 to 2023. Asia-Pacific is expected to dominate the market, both in terms of volume and value, and is expected to maintain this trend throughout the forecast period. Access Full Summary at : https://www.alliedmarketresearch.com/wood-plastic-composite-market WPCs are composed of wood or wood flour, plastics, and additives. The source of the materials can be either virgin or recycled material. 

  4. Wood Plastic Composites Market Overview Analysis Asia-Pacific possesses maximum potential for growth in the global wood plastic composites market, on account of the high demand from the automotive & construction sector. The European countries, such as Germany, UK, and France, are expected to witness high demand for wood plastic composites, owing to stringent regulations in environmental compliance assessment (ECA) for automotive components. 

  5. Advanced Environmental Recycling Technologies, Inc. • Axion International, Inc. • Beologic N.V. • Certainteed Corporation • Fiberon, LLC.  • FkurKunststoff GmbH • Polymera, Inc. • Tamko Building Products, Inc. • Timbertech Ltd. • Trex Company, Inc. Wood Plastic Composites Market Key Players

  6. Key Benefits of Wood Plastic Composites Market • This report provides an extensive analysis of the current trends, emerging estimations, and dynamics in the global wood plastic composites market. • In-depth analysis of the market is conducted, and estimations for key segments from 2014 to 2022 are provided. • Comprehensive analysis of the factors that drive and restrain the market growth is provided. • Industry analysis is conducted by following key product positioning and monitoring the top competitors within the market framework. • Key market players are profiled and their strategies are analyzed thoroughly to provide a competitive outlook of the industry trends.  

  7. Wood Plastic Composites Market Segments • By Type • PE-based Composites • PVC-based Composites • PP-based Composites • Others • By Application • Building & Construction • Automotive Components • Industrial & Consumer Products • Others 

  8. Wood Plastic Composites Market North America Europe Asia-Pacific LAMEA

  9. Wood Plastic Composites Market Thank You! For More Details Visit us at https://www.alliedmarketresearch.com/request-sample/1661 Follow Us On

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