Europe Wood-plastic Composite (WPC) Market Size (2024 - 2029)

The Europe wood-plastic composite market is poised for growth, driven by increasing demand in domestic construction and refurbishment activities due to their sustainable properties. Despite challenges such as high costs and performance issues, the market is recovering from the pandemic's impact, supported by enhanced funding for construction and rising automotive demand. Innovations in durability against environmental factors present further opportunities, with Germany holding a significant portion of the market share.

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Market Size of Europe Wood-plastic Composite (WPC) Industry

Europe Wood-Plastic Composite (WPC) Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 7.50 %
Market Concentration Low

Major Players

Europe Wood-Plastic Composite (WPC) Market Major Players

*Disclaimer: Major Players sorted in no particular order

Europe Wood Plastic Composite (WPC) Market Analysis

The Europe wood-plastic composite (WPC) market is expected to register a CAGR of over 7.5%, during the forecast period.

The market was negatively impacted by COVID-19 in 2020. During the pandemic, construction activities were stopped temporarily due to lockdowns. According to Eurostat, construction decreased by 28.4% in the Euro areas (EU-19 member countries) and 24% in the European Union (EU-27 member countries) in April 2020 compared to April 2019. However, the sector has been recovering well since restrictions were lifted. Construction activities in Europe have increased as the local government and European Union have increased the fund size due to rising demand for residential and commercial spaces. The demand for automobiles, which consume wood-plastic composite (WPC), has also increased, thus stimulating the market demand.

  • The rising demand for wood-plastic composites in domestic construction, owing to their sustainable characteristics and increasing refurbishment activities in the region, is expected to drive the market's growth.
  • However, the high cost of wood-plastic composites and performance-related issues in certain conditions can hinder the growth of the market.
  • Innovations in the biological durability of WPCs against algae, mold, fungi, and termites are likely to create opportunities for the market in the coming years.
  • Germany accounts for the major share of the market, and it is expected to dominate the market during the forecast period.

Europe Wood Plastic Composite (WPC) Industry Segmentation

Wood-plastic composite (WPC) is a composite material made of wood fibers, such as sawdust, pulp, peanut hulls, bamboo, and plastic materials, including polypropylene (PP) and polyethylene (PE). The WPC granulates can be further processed through extrusion, injection molding, blow molding, compression molding, and other methods to produce different products for various end-user industries, including construction and automotive. The European wood plastic composite (WPC) market is segmented by application and geography. By application, the market is segmented into decking, auto-interior parts, siding and fencing, technical applications, furniture, and consumer goods. The report also covers the market size and forecasts for the wood-plastic composite market in 8 countries across Europe. For each segment, the market sizing and forecasts have been done based on volume (kilo tons).

Application
Decking
Auto-interior Parts
Siding and Fencing
Technical Applications
Furniture
Consumer Goods
Geography
Germany
United Kingdom
France
Belgium
Finland
Norway
Denmark
Sweden
Rest of Europe
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Europe Wood-plastic Composite (WPC) Market Size Summary

The European wood-plastic composite (WPC) market is poised for significant growth, driven by increasing demand in the construction and automotive sectors. The market experienced a downturn due to the COVID-19 pandemic, which temporarily halted construction activities across Europe. However, recovery has been robust, supported by government investments in residential and commercial infrastructure. The sustainable properties of WPCs are particularly appealing in domestic construction, where refurbishment activities are on the rise. Despite challenges such as high costs and performance issues in certain conditions, innovations in biological durability against environmental factors present new opportunities for market expansion. Germany stands out as a key player, dominating the market due to its strong manufacturing and consumption capabilities, particularly in construction and automotive applications.

The WPC market in Europe is characterized by a fragmented landscape with several key players, including NOVO-TECH GmbH & Co. KG, Beologic NV, and JELU-WERK Josef Ehrler GmbH & Co. KG. The market's growth is further bolstered by strategic acquisitions and certifications that enhance product value and sustainability. For instance, the acquisition of Naftex by Biofibre and Novowood's ReMade in Italy certification highlight the industry's focus on innovation and circular economy principles. The demand for WPCs is also supported by the burgeoning furniture industry in Germany, which is the largest in Europe, and the increasing production of electric vehicles, which necessitate the use of WPCs in auto-interior parts. These factors collectively contribute to the positive outlook for the European WPC market over the forecast period.

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Europe Wood-plastic Composite (WPC) Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Sustainable Characteristics of Wood-plastic Composites

      2. 1.1.2 Growing Demand from Construction Industry

    2. 1.2 Restraints

      1. 1.2.1 High Cost of Wood-plastic Composites

      2. 1.2.2 Other Restraints

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Buyers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION (Market Size in Volume)

    1. 2.1 Application

      1. 2.1.1 Decking

      2. 2.1.2 Auto-interior Parts

      3. 2.1.3 Siding and Fencing

      4. 2.1.4 Technical Applications

      5. 2.1.5 Furniture

      6. 2.1.6 Consumer Goods

    2. 2.2 Geography

      1. 2.2.1 Germany

      2. 2.2.2 United Kingdom

      3. 2.2.3 France

      4. 2.2.4 Belgium

      5. 2.2.5 Finland

      6. 2.2.6 Norway

      7. 2.2.7 Denmark

      8. 2.2.8 Sweden

      9. 2.2.9 Rest of Europe

Europe Wood-plastic Composite (WPC) Market Size FAQs

The Europe Wood-plastic Composite (WPC) Market is projected to register a CAGR of greater than 7.5% during the forecast period (2024-2029)

NOVO-TECH GmbH & Co. KG, Beologic NV, JELU-WERK Josef Ehrler GmbH & Co. KG, Tecnaro GmbH and Kosche Holzwerkstoffe GmbH & Co. KG are the major companies operating in the Europe Wood-plastic Composite (WPC) Market.

Europe WPC Market Report Snapshots

Europe Wood Plastic Composite Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)