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

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).