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North America Wood Plastic Composites Market Size, Share & Trends Analysis Report By Type (Polyethylene, Polyvinyl Chloride, Polypropylene and Others), By Application, By Country and Growth Forecast, 2023 - 2030

Published Date : 09-Apr-2024

Pages: 106

Formats: PDF

The North America Wood Plastic Composites Market would witness market growth of 8.9% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 1,246.1 kilo tonnes, showcasing a growth of 6.3% (2019-2022).

The automotive industry represents a growing market for wood plastic composites (WPC) as manufacturers seek lightweight, durable, and sustainable materials for interior and exterior automotive components. WPCs offer advantages such as reduced weight compared to traditional materials like metal or fiberglass, contributing to improved fuel efficiency and lower emissions in vehicles. These composites can be moulded into various shapes and textures, making them suitable for applications such as door panels, dashboards, trunk liners, and interior trim pieces. Therefore, the automotive industry consumed overall 161.6 kilo tonnes in US market in 2022.

North America Wood Plastic Composites Market

The US market dominated the North America Wood Plastic Composites Market, by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $3,238.2 Million by 2030. The Canada market is experiencing a CAGR of 11.4% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 10.4% during (2023 - 2030).

Advanced antioxidants scavenge free radicals and reactive oxygen species generated during processing, storage, and exposure to heat, moisture, and oxygen, preventing chain scission, cross-linking, and degradation of polymer chains. By maintaining polymer stability and mechanical properties, antioxidants enhance WPCs' thermal stability, weatherability, and long-term performance, reducing the risk of degradation and deterioration in demanding environmental conditions.

In addition, composite processing technologies play a crucial role in optimizing material properties, manufacturing efficiency, and product quality. Innovations in extrusion, injection molding, compression molding, and co-extrusion techniques enable precise control over material distribution, fiber orientation, and surface finish, facilitating the production of complex shapes, profiles, and textures in WPC products. Likewise, the integration of functional additives and smart materials into WPC formulations expands the range of applications and functionalities of WPCs.

Canada is committed to advancing sustainability and green building practices to mitigate environmental impact and address climate change. WPCs from recycled wood fibers and plastic polymers align with these sustainability goals, offering a renewable and low-carbon alternative to traditional materials like wood, concrete, and metals. As per the data from the Statistics Canada, investment in building construction rose 1.7% to $19.8 billion in November 2023. The residential sector grew 2.2% to $13.7 billion, while non-residential sector investment increased 0.4% to $6.0 billion. Hence, North America's growing automotive and construction sectors will increase demand for WPC.

Free Valuable Insights: The Wood Plastic Composites Market is Predict to reach USD 12.5 Billion by 2030, at a CAGR of 9.6%

Based on Type, the market is segmented into Polyethylene, Polyvinyl Chloride, Polypropylene and Others. Based on Application, the market is segmented into Building & Construction, Automotive Components, Industrial & Consumer Products and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.

List of Key Companies Profiled

  • Trex Company, Inc.
  • The AZEK Company Inc. (TimberTech)
  • Fortune Brands Innovations, Inc.
  • Dow, Inc.
  • UFP Industries, Inc.
  • Renolit SE
  • AIMPLAS
  • JELU-WERK J. Ehrler GmbH & Co. KG
  • FKuR Kunststoff GmbH
  • Beologic

North America Wood Plastic Composites Market Report Segmentation

By Type (Volume, kilo Tonnes, USD Billion, 2019-2030)

  • Polyethylene
  • Polyvinyl Chloride
  • Polypropylene
  • Others

By Application (Volume, kilo Tonnes, USD Billion, 2019-2030)

  • Building & Construction
  • Automotive Components
  • Industrial & Consumer Products
  • Others

By Country (Volume, kilo Tonnes, USD Billion, 2019-2030)

  • US
  • Canada
  • Mexico
  • Rest of North America
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Wood Plastic Composites Market, by Type
1.4.2 North America Wood Plastic Composites Market, by Application
1.4.3 North America Wood Plastic Composites Market, by Country
1.5 Methodology for the research

Chapter 2. Market at a Glance
2.1 Key Highlights

Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
3.3 Porter’s Five Forces Analysis

Chapter 4. Strategies deployed in Wood Plastic Composites Market

Chapter 5. North America Wood Plastic Composites Market, by Type
5.1 North America Polyethylene Market, by Country
5.2 North America Polyvinyl Chloride Market, by Country
5.3 North America Polypropylene Market, by Country
5.4 North America Others Market, by Country

Chapter 6. North America Wood Plastic Composites Market, by Application
6.1 North America Building & Construction Market, by Country
6.2 North America Automotive Components Market, by Country
6.3 North America Industrial & Consumer Products Market, by Country
6.4 North America Others Market, by Country

Chapter 7. North America Wood Plastic Composites Market, by Country
7.1 US Wood Plastic Composites Market
7.1.1 US Wood Plastic Composites Market, by Type
7.1.2 US Wood Plastic Composites Market, by Application
7.2 Canada Wood Plastic Composites Market
7.2.1 Canada Wood Plastic Composites Market, by Type
7.2.2 Canada Wood Plastic Composites Market, by Application
7.3 Mexico Wood Plastic Composites Market
7.3.1 Mexico Wood Plastic Composites Market, by Type
7.3.2 Mexico Wood Plastic Composites Market, by Application
7.4 Rest of North America Wood Plastic Composites Market
7.4.1 Rest of North America Wood Plastic Composites Market, by Type
7.4.2 Rest of North America Wood Plastic Composites Market, by Application

Chapter 8. Company Profiles
8.1 Trex Company, Inc.
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental Analysis
8.1.4 Research & Development Expenses
8.1.5 Recent strategies and developments:
8.1.5.1 Product Launches and Product Expansions:
8.1.5.2 Geographical Expansions:
8.1.6 SWOT Analysis
8.2 The AZEK Company Inc. (TimberTech)
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental Analysis
8.2.4 Research & Development Expenses
8.2.5 Recent strategies and developments:
8.2.5.1 Product Launches and Product Expansions:
8.2.6 SWOT Analysis
8.3 Fortune Brands Innovations, Inc.
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental and Regional Analysis
8.3.4 Research & Development Expenses
8.4 Dow, Inc.
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Segmental and Regional Analysis
8.4.4 Research & Development Expenses
8.4.5 Recent strategies and developments:
8.4.5.1 Partnerships, Collaborations, and Agreements:
8.4.6 SWOT Analysis
8.5 UFP Industries, Inc.
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Segmental and Regional Analysis
8.5.4 Recent strategies and developments:
8.5.4.1 Product Launches and Product Expansions:
8.5.4.2 Acquisition and Mergers:
8.5.5 SWOT Analysis
8.6 Renolit SE
8.6.1 Company Overview
8.6.2 Recent strategies and developments:
8.6.2.1 Geographical Expansions:
8.6.3 SWOT Analysis
8.7 AIMPLAS
8.7.1 Company Overview
8.8 JELU-WERK J. Ehrler GmbH & Co. KG
8.8.1 Company Overview
8.8.2 SWOT Analysis
8.9 FKuR Kunststoff GmbH
8.9.1 Company Overview
8.9.2 SWOT Analysis
8.10. Beologic
8.10.1 Company Overview
8.10.2 SWOT Analysis
TABLE 1 North America Wood Plastic Composites Market, 2019 - 2022, USD Million
TABLE 2 North America Wood Plastic Composites Market, 2023 - 2030, USD Million
TABLE 3 North America Wood Plastic Composites Market, 2019 - 2022, Kilo Tonnes
TABLE 4 North America Wood Plastic Composites Market, 2023 - 2030, Kilo Tonnes
TABLE 5 North America Wood Plastic Composites Market, by Type, 2019 - 2022, USD Million
TABLE 6 North America Wood Plastic Composites Market, by Type, 2023 - 2030, USD Million
TABLE 7 North America Wood Plastic Composites Market, by Type, 2019 - 2022, Kilo Tonnes
TABLE 8 North America Wood Plastic Composites Market, by Type, 2023 - 2030, Kilo Tonnes
TABLE 9 North America Polyethylene Market, by Country, 2019 - 2022, USD Million
TABLE 10 North America Polyethylene Market, by Country, 2023 - 2030, USD Million
TABLE 11 North America Polyethylene Market, by Country, 2019 - 2022, Kilo Tonnes
TABLE 12 North America Polyethylene Market, by Country, 2023 - 2030, Kilo Tonnes
TABLE 13 North America Polyvinyl Chloride Market, by Country, 2019 - 2022, USD Million
TABLE 14 North America Polyvinyl Chloride Market, by Country, 2023 - 2030, USD Million
TABLE 15 North America Polyvinyl Chloride Market, by Country, 2019 - 2022, Kilo Tonnes
TABLE 16 North America Polyvinyl Chloride Market, by Country, 2023 - 2030, Kilo Tonnes
TABLE 17 North America Polypropylene Market, by Country, 2019 - 2022, USD Million
TABLE 18 North America Polypropylene Market, by Country, 2023 - 2030, USD Million
TABLE 19 North America Polypropylene Market, by Country, 2019 - 2022, Kilo Tonnes
TABLE 20 North America Polypropylene Market, by Country, 2023 - 2030, Kilo Tonnes
TABLE 21 North America Others Market, by Country, 2019 - 2022, USD Million
TABLE 22 North America Others Market, by Country, 2023 - 2030, USD Million
TABLE 23 North America Others Market, by Country, 2019 - 2022, Kilo Tonnes
TABLE 24 North America Others Market, by Country, 2023 - 2030, Kilo Tonnes
TABLE 25 North America Wood Plastic Composites Market, by Application, 2019 - 2022, USD Million
TABLE 26 North America Wood Plastic Composites Market, by Application, 2023 - 2030, USD Million
TABLE 27 North America Wood Plastic Composites Market, by Application, 2019 - 2022, Kilo Tonnes
TABLE 28 North America Wood Plastic Composites Market, by Application, 2023 - 2030, Kilo Tonnes
TABLE 29 North America Building & Construction Market, by Country, 2019 - 2022, USD Million
TABLE 30 North America Building & Construction Market, by Country, 2023 - 2030, USD Million
TABLE 31 North America Building & Construction Market, by Country, 2019 - 2022, Kilo Tonnes
TABLE 32 North America Building & Construction Market, by Country, 2023 - 2030, Kilo Tonnes
TABLE 33 North America Automotive Components Market, by Country, 2019 - 2022, USD Million
TABLE 34 North America Automotive Components Market, by Country, 2023 - 2030, USD Million
TABLE 35 North America Automotive Components Market, by Country, 2019 - 2022, Kilo Tonnes
TABLE 36 North America Automotive Components Market, by Country, 2023 - 2030, Kilo Tonnes
TABLE 37 North America Industrial & Consumer Products Market, by Country, 2019 - 2022, USD Million
TABLE 38 North America Industrial & Consumer Products Market, by Country, 2023 - 2030, USD Million
TABLE 39 North America Industrial & Consumer Products Market, by Country, 2019 - 2022, Kilo Tonnes
TABLE 40 North America Industrial & Consumer Products Market, by Country, 2023 - 2030, Kilo Tonnes
TABLE 41 North America Others Market, by Country, 2019 - 2022, USD Million
TABLE 42 North America Others Market, by Country, 2023 - 2030, USD Million
TABLE 43 North America Others Market, by Country, 2019 - 2022, Kilo Tonnes
TABLE 44 North America Others Market, by Country, 2023 - 2030, Kilo Tonnes
TABLE 45 North America Wood Plastic Composites Market, by Country, 2019 - 2022, USD Million
TABLE 46 North America Wood Plastic Composites Market, by Country, 2023 - 2030, USD Million
TABLE 47 North America Wood Plastic Composites Market, by Country, 2019 - 2022, Kilo Tonnes
TABLE 48 North America Wood Plastic Composites Market, by Country, 2023 - 2030, Kilo Tonnes
TABLE 49 US Wood Plastic Composites Market, 2019 - 2022, USD Million
TABLE 50 US Wood Plastic Composites Market, 2023 - 2030, USD Million
TABLE 51 US Wood Plastic Composites Market, 2019 - 2022, Kilo Tonnes
TABLE 52 US Wood Plastic Composites Market, 2023 - 2030, Kilo Tonnes
TABLE 53 US Wood Plastic Composites Market, by Type, 2019 - 2022, USD Million
TABLE 54 US Wood Plastic Composites Market, by Type, 2023 - 2030, USD Million
TABLE 55 US Wood Plastic Composites Market, by Type, 2019 - 2022, Kilo Tonnes
TABLE 56 US Wood Plastic Composites Market, by Type, 2023 - 2030, Kilo Tonnes
TABLE 57 US Wood Plastic Composites Market, by Application, 2019 - 2022, USD Million
TABLE 58 US Wood Plastic Composites Market, by Application, 2023 - 2030, USD Million
TABLE 59 US Wood Plastic Composites Market, by Application, 2019 - 2022, Kilo Tonnes
TABLE 60 US Wood Plastic Composites Market, by Application, 2023 - 2030, Kilo Tonnes
TABLE 61 Canada Wood Plastic Composites Market, 2019 - 2022, USD Million
TABLE 62 Canada Wood Plastic Composites Market, 2023 - 2030, USD Million
TABLE 63 Canada Wood Plastic Composites Market, 2019 - 2022, Kilo Tonnes
TABLE 64 Canada Wood Plastic Composites Market, 2023 - 2030, Kilo Tonnes
TABLE 65 Canada Wood Plastic Composites Market, by Type, 2019 - 2022, USD Million
TABLE 66 Canada Wood Plastic Composites Market, by Type, 2023 - 2030, USD Million
TABLE 67 Canada Wood Plastic Composites Market, by Type, 2019 - 2022, Kilo Tonnes
TABLE 68 Canada Wood Plastic Composites Market, by Type, 2023 - 2030, Kilo Tonnes
TABLE 69 Canada Wood Plastic Composites Market, by Application, 2019 - 2022, USD Million
TABLE 70 Canada Wood Plastic Composites Market, by Application, 2023 - 2030, USD Million
TABLE 71 Canada Wood Plastic Composites Market, by Application, 2019 - 2022, Kilo Tonnes
TABLE 72 Canada Wood Plastic Composites Market, by Application, 2023 - 2030, Kilo Tonnes
TABLE 73 Mexico Wood Plastic Composites Market, 2019 - 2022, USD Million
TABLE 74 Mexico Wood Plastic Composites Market, 2023 - 2030, USD Million
TABLE 75 Mexico Wood Plastic Composites Market, 2019 - 2022, Kilo Tonnes
TABLE 76 Mexico Wood Plastic Composites Market, 2023 - 2030, Kilo Tonnes
TABLE 77 Mexico Wood Plastic Composites Market, by Type, 2019 - 2022, USD Million
TABLE 78 Mexico Wood Plastic Composites Market, by Type, 2023 - 2030, USD Million
TABLE 79 Mexico Wood Plastic Composites Market, by Type, 2019 - 2022, Kilo Tonnes
TABLE 80 Mexico Wood Plastic Composites Market, by Type, 2023 - 2030, Kilo Tonnes
TABLE 81 Mexico Wood Plastic Composites Market, by Application, 2019 - 2022, USD Million
TABLE 82 Mexico Wood Plastic Composites Market, by Application, 2023 - 2030, USD Million
TABLE 83 Mexico Wood Plastic Composites Market, by Application, 2019 - 2022, Kilo Tonnes
TABLE 84 Mexico Wood Plastic Composites Market, by Application, 2023 - 2030, Kilo Tonnes
TABLE 85 Rest of North America Wood Plastic Composites Market, 2019 - 2022, USD Million
TABLE 86 Rest of North America Wood Plastic Composites Market, 2023 - 2030, USD Million
TABLE 87 Rest of North America Wood Plastic Composites Market, 2019 - 2022, Kilo Tonnes
TABLE 88 Rest of North America Wood Plastic Composites Market, 2023 - 2030, Kilo Tonnes
TABLE 89 Rest of North America Wood Plastic Composites Market, by Type, 2019 - 2022, USD Million
TABLE 90 Rest of North America Wood Plastic Composites Market, by Type, 2023 - 2030, USD Million
TABLE 91 Rest of North America Wood Plastic Composites Market, by Type, 2019 - 2022, Kilo Tonnes
TABLE 92 Rest of North America Wood Plastic Composites Market, by Type, 2023 - 2030, Kilo Tonnes
TABLE 93 Rest of North America Wood Plastic Composites Market, by Application, 2019 - 2022, USD Million
TABLE 94 Rest of North America Wood Plastic Composites Market, by Application, 2023 - 2030, USD Million
TABLE 95 Rest of North America Wood Plastic Composites Market, by Application, 2019 - 2022, Kilo Tonnes
TABLE 96 Rest of North America Wood Plastic Composites Market, by Application, 2023 - 2030, Kilo Tonnes
TABLE 97 Key Information – Trex Company, Inc.
TABLE 98 Key Information – The AZEK Company Inc.
TABLE 99 Key Information – Fortune Brands Innovations, Inc.
TABLE 100 Key Information – Dow, Inc.
TABLE 101 Key Information – UFP Industries, Inc.
TABLE 102 Key Information – Renolit SE
TABLE 103 Key Information – AIMPLAS
TABLE 104 Key Information – JELU-WERK J. Ehrler GmbH & Co. KG
TABLE 105 Key Information – FKuR Kunststoff GmbH
TABLE 106 Key Information – Beologic

List of Figures
FIG 1 Methodology for the research
FIG 2 North America Wood Plastic Composites Market, 2019 - 2030, USD Million
FIG 3 Key Factors Impacting Wood Plastic Composites Market
FIG 4 Porter’s Five Forces Analysis - Wood Plastic Composites Market
FIG 5 North America Wood Plastic Composites Market share, by Type, 2022
FIG 6 North America Wood Plastic Composites Market share, by Type, 2030
FIG 7 North America Wood Plastic Composites Market, by Type, 2019 - 2030, USD Million
FIG 8 North America Wood Plastic Composites Market share, by Application, 2022
FIG 9 North America Wood Plastic Composites Market share, by Application, 2030
FIG 10 North America Wood Plastic Composites Market, by Application, 2019 - 2030, USD Million
FIG 11 North America Wood Plastic Composites Market share, by Country, 2022
FIG 12 North America Wood Plastic Composites Market share, by Country, 2030
FIG 13 North America Wood Plastic Composites Market, by Country, 2019 - 2030, USD Million
FIG 14 SWOT Analysis: Trex Company, Inc.
FIG 15 SWOT Analysis: The AZEK Company Inc.
FIG 16 SWOT Analysis: Dow, Inc.
FIG 17 SWOT Analysis: UFP Industries, Inc.
FIG 18 SWOT Analysis: Renolit SE
FIG 19 SWOT Analysis: JELU-WERK J. Ehrler GmbH & Co. KG
FIG 20 SWOT Analysis: FKuR Kunststoff GmbH
FIG 21 SWOT Analysis: Beologic

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