This Plastic Composites Analysis market study offers a comprehensive analysis of the business models, key strategies, and respective market shares of some of the most prominent players in this landscape. Along with an in-depth commentary on the key influencing factors, market statistics in terms of revenues, segment-wise data, region-wise data, and country-wise data are offered in the full study. This study is one of the most comprehensive documentation that captures all the facets of the evolving Plastic Composites Analysis market.
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Global Plastic Composites Market: Introduction
Plastic composite is also named as wood-plastic composite. Plastic composites are compounds comprising of wood wastes and recycled plastic with features such as reduced melting temperature enabling lower energy costs for manufacturers as well as reduction of product footprint in the environment. The plastic composites fuse fine wood particles are renewable, reclaimed, biodegradable, and recycled. The wood flour and granules of polypropylene is used in manufacturing of plastic composites.
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. Whereas, Polyvinylchloride also shows significant growth in the market, owing to its low maintenance material and it is used mainly in construction industry
Global Plastic Composites Market: Dynamics
High availability of non-utilized plastic and wood waste is expected to create an upsurge in demand for plastic composites over the forthcoming years. The manufacturing process of plastic composites does not require any chemical, which can be toxic or harmful to the environment. Also, there has been an increase in urbanisation and industrialisation in developing nations which has given a boost to the construction and building sectors. Therefore, 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.
The global plastic composites market has faced a number of challenges pertaining to the rise in cost of raw materials and issues related to mechanical strength. However, increase in implementation of biodegradable plastic raw materials anticipated to propel the demand for plastic composites.
Global Plastic Composites Market: Market Participants
Some of the key players involved in the plastic composites market include Crane Plastics, Fiberon, LLC., CPG International LLC, Certainteed Corporation, Axion International, Inc., Findock International Inc., Beologic N.V., Fkur Kunststoff GmbH, Tamko Building Products, Inc., Polymera, Inc., Josef Ehrler GmbH & Co. Kg, Trex Company, Inc., Timbertech Ltd., North Wood Plastics Inc., Guangzhou Kindwood Co. Ltd., Polyplank AB, OnSpec Composites Inc., Universal Forest Products, Inc., Plygem Holdings Inc., Advanced Environmental Recycling Technologies, Inc., and among others.
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Regional analysis includes:
- North America (U.S., Canada)
- Latin America (Mexico, Brazil)
- Europe (Germany, Italy, France, U.K, Spain, Russia)
- South Asia (India, ASEAN)
- East Asia (China, Japan, South Korea)
- Oceania (Australia & New Zealand)
- Middle East and Africa (GCC Countries, S. Africa, Northern Africa)
Global Plastic Composites Market: Segmentation
Globally, the plastic composites market can be segmented on the basis of plastic type, and application
Based on the Plastic Type, the global plastic composites market can be segmented into,
- Polyethylene
- Polypropylene
- Polyvinyl chloride
- Acrylonitrile Butadiene Styrene
- Polystyrene
Based on the Application, the global plastic composites market can be segmented into,
- Automotive Components
- Building & Construction
- Industrial
- Consumer Products
- Others
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Octyl Octanoate Market: The demand for Octyl Octanoate is anticipated to grow at a compelling growth rate of about 4.5% to 6.0% in the coming assessment period of 2021-2031.
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