The global demand for Plastic Composites Market is presumed to reach the valuation of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% during the period of 2022-2028. Whereas with regards to volume, the market was calculated XX KT in 2021 and foreseen to touch XX KT by 2028 with a CAGR of XX% during 2022-2028.
Plastic composite is also refer as wood-plastic composite. Plastic composite are composite materials made of wood wastes and recycled plastic with characteristics such as reduced melting temperature enabling lower energy costs for manufacturers as well as reduction of product footprint in the environment. Plastic composite manufacturers mainly consists of polypropylene, as it has high abrasive and temperature resistance properties. Also, on heated to a certain temperature it becomes soft, and then hardens on cooling.
The market is primarily driven by rising construction activity across the globe. High availability of non-utilized plastic and wood waste is projected to create an increase in demand for plastic composite over the upcoming year. The manufacturing process of plastic composite is environment free as it does not require any chemical. Further, stringent regulations on the use of chemicals in building materials and increase in demand from building & construction applications expected rise in demand for plastic composites. However, the market has faced a number of challenges relating to the rise in cost of raw materials and issues related to mechanical strength.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of plastic composites.
The entire plastic composites market has been sub-categorized into plastic type and application. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
By Plastic Type
- Polyvinyl chloride
- Acrylonitrile Butadiene Styrene
- Automotive Components
- Building & Construction
- Consumer Products
This section covers regional segmentation which accentuates on current and future demand for plastic composites market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Plastic Composites Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the plastic composites market include Crane Plastics, Fiberon, LLC., CPG International LLC, Certainteed Corporation, Axion International, Inc., Findock International Inc., Beologic N.V., FkurKunststoff GmbH, Tamko Building Products, Inc., Polymera, Inc., Josef Ehrler GmbH & Co. Kg, Trex Company, Inc., Timbertech Ltd., North Wood Plastics Inc., and others. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers& acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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