Europe Wood Plastic Composite Market Introduction and Overview
According to SPER Market Research, the Europe Wood Plastic Composite Market is estimated to reach USD XX billion by 2033 with a CAGR of 7.75%.
The report includes an in-depth analysis of the Europe Wood Plastic Composite Market, including market size and trends, product mix, distribution channels, and supplier analysis. Natural wood, such as sawdust or shavings, combined with plastic fibers is called wood plastic composite. It improves both indoor and outdoor applications' longevity and moisture resistance. The choice of material is mostly dictated by the manufacturer's inclination and is predicated on the general characteristics of each component as well as availability. A weight of thirty to forty percent wood floor is combined with an equal amount of coupling agent and plastic. More than 100 businesses worldwide are engaged in the manufacturing of these composites as a result of their increasing popularity due to the advancement of new production techniques and processing machinery.
- Wood plastic composite (WPC) maker Naftex was bought out in full by Natural fiber and bioplastics compounder Biofibre, a division of machinery company LWB-Steinl, in June 2022.
- Novowood received the ReMade in Italy certification in January 2021. Novowood is able to place itself in class "A" among the producers with the highest value in the Circular Economy chain thanks to its certification of an 81.5% recycled material percentage. With this accreditation, the business can now list its products as eligible to obtain the 110% Ecobonus for building interventions.
Market Opportunities and Challenges
Opportunities: The market is going to be driven by the construction industry's growing demand for wood plastic composite. Wood-plastic composite (WPC) is a material with all the excellent qualities of plastic and a wood-like appearance. As a result, the building and construction sector is using it increasingly frequently. The variety of WPC is remarkable, and the number of companies producing these composites is increasing daily. Because of its distinctive features and widespread availability, WPC is a highly preferred option among consumers. Combining plastic with wood results in a construction that is elegant, long-lasting, and comfortable while also offering distinctive physical, aesthetic, and practical properties. Therefore, it is anticipated that the market will be driven by the construction industry's strong demand.
Challenges: Wood plastic composite's high initial cost is impeding growth. These composites have a high starting cost. For example, the cost of purchasing plastic wood composite decking is more than that of purchasing wood and plastic. Comparatively speaking, wood and plastic decking are less expensive than composite decking. Many wood-producing nations favor pure wood over wood-plastic composite. In addition, since composites are mixtures rather than pure materials, it is important to take shrinkage of plastic and thermal expansion of materials into account when installing them. Due to the lack of a space between the boards, many projects result in the floor's thermal expansion curving.
Market Competitive Landscape
The wood-plastic composite (WPC) market in Europe is dispersed. JELU-WERK Josef Ehrler GmbH & Co. KG, Tecnaro GmbH, Beologic NV, Kosche Holzwerkstoffe GmbH & Co. KG, and NOVO-TECH GmbH & Co. KG are a few of the significant participants.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Application
|
| Regions covered | UK, France, Germany, Italy, Spain, Rest of Europe
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| Companies Covered | Beologic NV, FKuR Kunststoff GmbH, JELU-WERK Josef Ehrler GmbH & Co. KG, Kosche Holzwerkstoffe GmbH & Co. KG (A Company of Haussermann Group), Linotech, Moller GmbH & Co. KG, Naftex GmbH, NATURinFORM GmbH, NOVO-TECH GmbH & Co. KG, Novowood, Polyplank AB, Renolit SE, Silvadec, Technamation Technical Europe GmbH, UPM, Vannplastic Ltd. |
COVID-19 Impact on Europe Wood Plastic Composite Market
The European market for Wood Plastic Composite (WPC) has been greatly affected by the COVID-19 outbreak. The WPC industry experienced production, demand, and supply chain problems similar to many other industries. Lockdown measures during the pandemic's early stages caused a pause in construction operations, which is a major market for WPC goods. As a result, there was less of a need for WPC materials in a variety of applications, including decking, fencing, and vehicle parts. However, there has been a resurgence in demand for WPC goods as economies have progressively recovered and construction has begun. Furthermore, the pandemic has highlighted the significance of sustainable materials, which could increase interest in WPC because of its environmentally beneficial qualities.
Key Target Audience:
- Architectural Firms
- Automotive Sector
- Builders and Construction Industry
- Furniture Manufacturers
- Infrastructure Developers
Our in-depth analysis of the Europe Wood Plastic Composite Market includes the following segments:
|
By Application: |
Decking
Auto-interior Parts
Siding and Fencing
Technical Applications
Furniture
Consumer Goods
|
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By Region: |
France
Germany
Italy
United Kingdom
Rest of Europe
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Key Topics Covered in the Report:
- Europe Wood Plastic Composite Market Size (FY’2024-FY’2033)
- Overview of Europe Wood Plastic Composite Market
- Segmentation of Europe Wood Plastic Composite Market By Application (Decking, Auto-interior Parts, Siding and Fencing, Technical Applications, Furniture, Consum, Goods)
- Expansion Analysis of Europe Wood Plastic Composite Market
- Problems and Obstacles in Europe Wood Plastic Composite Market
- Competitive Landscape in the Europe Wood Plastic Composite Market
- Impact of COVID-19 and Demonetization on Europe Wood Plastic Composite Market
- Details on Current Investment in Europe Wood Plastic Composite Market
- Competitive Analysis of Europe Wood Plastic Composite Market
- Prominent Players in the Europe Wood Plastic Composite Market
- SWOT Analysis of Europe Wood Plastic Composite Market
- Europe Wood Plastic Composite Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the Europe Wood Plastic Composite Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Europe Wood Plastic Composite Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Europe Wood Plastic Composite Market
7. Europe Wood Plastic Composite Market, By Application (USD Million) 2020-2033
7.1. Europe Wood Plastic Composite Market Size, Share and Forecast, By Application, 2020-2026
7.2. Europe Wood Plastic Composite Market Size, Share and Forecast, By Application, 2027-2033
7.3. Decking
7.4. Auto-interior Parts
7.5. Siding and Fencing
7.6. Technical Applications
7.7. Furniture
7.8. Consumer Goods
8. Europe Wood Plastic Composite Market Forecast, 2020-2033 (USD Million)
8.1. Europe Wood Plastic Composite Market Size and Market Share
9. Europe Wood Plastic Composite Market, By Region, 2020-2033 (USD Million)
9.1. Europe Wood Plastic Composite Market Size and Market Share By Region (2020-2026)
9.2. Europe Wood Plastic Composite Market Size and Market Share By Region (2027-2033)
9.3. France
9.4. Germany
9.5. Italy
9.6. United Kingdom
9.7. Rest of Europe
10. Company Profile
10.1. Beologic NV
10.1.1. Company details
10.1.2. Financial outlook
10.1.3. Product summary
10.1.4. Recent developments
10.2. FKuR Kunststoff GmbH
10.2.1. Company details
10.2.2. Financial outlook
10.2.3. Product summary
10.2.4. Recent developments
10.3. JELU-WERK Josef Ehrler GmbH & Co. KG
10.3.1. Company details
10.3.2. Financial outlook
10.3.3. Product summary
10.3.4. Recent developments
10.4. Kosche Holzwerkstoffe GmbH & Co. KG (A Company of Haussermann Group)
10.4.1. Company details
10.4.2. Financial outlook
10.4.3. Product summary
10.4.4. Recent developments
10.5. Linotech
10.5.1. Company details
10.5.2. Financial outlook
10.5.3. Product summary
10.5.4. Recent developments
10.6. Moller GmbH & Co. KG
10.6.1. Company details
10.6.2. Financial outlook
10.6.3. Product summary
10.6.4. Recent developments
10.7. Naftex GmbH
10.7.1. Company details
10.7.2. Financial outlook
10.7.3. Product summary
10.7.4. Recent developments
10.8. NATURinFORM GmbH
10.8.1. Company details
10.8.2. Financial outlook
10.8.3. Product summary
10.8.4. Recent developments
10.9. NOVO-TECH GmbH & Co. KG
10.9.1. Company details
10.9.2. Financial outlook
10.9.3. Product summary
10.9.4. Recent developments
10.10. Novowood
10.10.1. Company details
10.10.2. Financial outlook
10.10.3. Product summary
10.10.4. Recent developments
10.11. Polyplank AB
10.11.1. Company details
10.11.2. Financial outlook
10.11.3. Product summary
10.11.4. Recent developments
10.12. Renolit SE
10.12.1. Company details
10.12.2. Financial outlook
10.12.3. Product summary
10.12.4. Recent developments
10.13. Silvadec
10.13.1. Company details
10.13.2. Financial outlook
10.13.3. Product summary
10.13.4. Recent developments
10.14. Technamation Technical Europe GmbH
10.14.1. Company details
10.14.2. Financial outlook
10.14.3. Product summary
10.14.4. Recent developments
10.15. UPM
10.15.1. Company details
10.15.2. Financial outlook
10.15.3. Product summary
10.15.4. Recent developments
10.16. Vannplastic Ltd
10.16.1. Company details
10.16.2. Financial outlook
10.16.3. Product summary
10.16.4. Recent developments
10.17. Others
11. List of Abbreviations
12. Reference Links
13. Conclusion
14. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
