Plastic composite market is expected to witness market growth at a rate of 13.50% in the forecast period of 2021 to 2028 and is expected to reach USD 10.57 billion by 2028. Data Bridge Market Research report on plastic composite market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The increase in demand for sustainable construction materials coupled with growing construction activities in the residential sector globally is escalating the growth of plastic composite market.
Plastic composites refer to material consisting of waste wood and recycled plastic which offers features such as reduced melting temperature resulting in lowering the environmental impact and also, energy costs for the producers. The material possesses various properties including impact resistance, dimensional stability, resistance to rot, low moisture absorption, excellent thermal properties and good stiffness making it ideal for number of applications such as kitchen accessories, home furniture’s, interiors and others.
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The major players covered in the plastic composite market report are Trex Company, Inc., ConstructConnect, Inc, UFP Industries, Inc., Fiberon, TAMKO Building Products LLC, AXION STRUCTURAL INNOVATIONS LLC, JELU-WERK J. Ehrler GmbH Co. KG, CERTAINTEED., Beologic, FKUR, Polyplank AB, AZEK Building Products., RENOLIT SE, Hardy Smith Designs Private Limited,Kindwood, Crane Plastics Limited, Ply Gem Residential Solutions among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Plastic Composite Market Scope and Market Size:
Global Plastic composite market is segmented on the basis of product and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of product, the plastic composite market is segmented into polyethylene, polypropylene, polyvinylchloride and others.
- On the basis of application, the plastic composite market is segmented into building and construction, automotive components, industrial and consumer goods and others.
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Global Plastic Composite Market Country Level Analysis:
Plastic composite market is analyzed and market size, volume information is provided by country, product and application as referenced above.
The countries covered in the plastic composite market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the plastic composite market due to the increasing application scope of the material in the manufacturing of porches, docks and window frames and the rise in demand for bio-based plastics in street construction and landscaping in the region. Asia-Pacific is expected to witness the highest CAGR in the forecast period of 2021-2028 because of the growth in regional competition, rapid industrialization, and change in consumer’s behaviour and increase in disposable income in the region.
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