Published on August 9, 2011 at 3:05 AM
By Cameron Chai
companiesandmarkets.com has added a comprehensive report on the global wood-plastic composites market titled, ‘Wood-Plastic Composites: Technologies and Global Markets’ to its list of offerings.
According to the report, the value of wood-plastic composites market including cellulosic plastics and natural fiber composites reached 2.4 Mt in 2011 and it will reach 4.6 Mt in 2016 when it grows at a rate of 13.8% per year. The report not only covers all cellulosic-plastic combinations with each other but with other plastic materials that could be utilized as a replacement for wood materials in the building and construction industry. The report analyzes the plastic-wood composite marketplace in detail with both historic and forecast information for a period between 2008 and 2016.
The report includes the profiles of major companies in the market. It also discusses the technologies, strategies, manufacturing processes, product testing, distribution, additive utilization, production costs, pricing and regulations of the industry. Geographic segments of the report include Asia, Europe and North America.
The report predicts that automotive and building product segments will be the fastest growing end use segments. The automotive wood-plastic composites market is evidencing a vast growth and would reach a value of 0.8 Mt by 2016 at a compound annual growth rate (CAGR) of 17.1%. The building products market attained a value of 1.78 Mt in 2011 and would attain a value of 3.2 Mt in 2016 at a CAGR of 12.4%.