Wood Plastic Composite Market Is Anticipated To Reach $9.77 Billion By 2024: Grand View Research, Inc.

The global wood plastic composite market is expected to reach USD 9.77 billion by 2024, according to a new report by Grand View Research, Inc. Increasing demand for wood plastic composites in construction industry particularly in decking, fencing, and molding & siding applications is expected to be the key driver for the market growth. Superior mechanical strength, low maintenance and weight reduction offered by these products are expected to propel demand in the construction industry over the next eight years.

Rising automakers focus towards making every automotive part biodegradable, and recyclable is expected to open new avenues for the material over the next eight years. The product is used in door panels, seat cushions, cabin linings, backrests, and dashboards. The most commonly used wood species for commercial wood plastic composite products include maple, oak, and pine. Product cost and regional availability of raw material are expected to be a key factor for wood plastic composites manufacturers over the projected period.

Germany wood plastic composite market revenue, by application, 2013 - 2024 (USD Million)

Rising application scope for wood plastic composites for manufacturing various other products including musical instruments, shoe soles, toys, and trays is expected to have a positive impact on the market growth. Growing demand for bio-plastics in niche applications such as household electronics and edge protection for packaging is expected to propel demand over the projected period. 

Browse full research report on Wood Plastic Composite Market: www.grandviewresearch.com/industry-analysis/wood-plastic-composites-market  

    

Further key findings from the study suggest:        

             

• North America was the largest segment for the Wood Plastic Composite market in 2015 accounting over 45% of the global volume. Growing construction sector in the region owing to rising investments in new infrastructure projects is expected to augment growth. Furthermore, increasing residential and commercial building renovation activities in the region is expected to have a positive impact on the growth.
• Polyethylene based wood plastic composites dominated the industry accounting over 55% of the market share. Excellent molecular bonding stability and structure offered by polypropylene, which makes the product robust, is expected to be a key factor for the product demand.
• Europe demand for wood plastic composites in automotive applications was valued over USD 65 million in 2015. Automotive industry is the most crucial sector in the Europe and accounts over 4% of European GDP. Germany dominated the premium car production in 2015 accounting over 40% of the total market. Adoption of new technologies, increasing use of bio-based products and high investments in R&D are expected to open new avenues for the product market.
• Key players in the industry include Advanced Environmental Recycling Technologies, Inc., Axion International, Inc., Fkur Kunststoff GmbH, Beologic N.V., Certainteed, Fiberon, LLC, JELU-WERK J. Ehrler GmbH & Co. KG, Guangzhou Kindwood Co. Ltd., Josef Ehrler GmbH & Co. Kg, Polymera, Inc., Renolit, Polyplank AB, Tamko Building Products, Inc., Timbertech and Trex Company, Inc.

Browse more reports of this category by Grand View Research: www.grandviewresearch.com/industry/specialty-glass-ceramic-and-fiber                                                                                                                                                               

Grand View Research has segmented the wood plastic composite market on the basis of product, application and region:

Wood Plastic Composite Market Product Outlook (Volume, KiloTons; Revenue, USD Million, 2013 - 2024)

• Polyethylene
• Polypropylene
• Polyvinylchloride
• Others

Wood Plastic Composite Market Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2013 - 2024)

• Automotive components
• Building and construction
• Decking
• Molding & siding
• Fencing
• Industrial and consumer goods
• Others

Wood Plastic Composite Market Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2013 - 2024)

• North America
• U.S.
• Canada
• Europe
• Germany
• UK
• France
• Russia
• Asia Pacific
• China
• India
• Japan
• Australia
• New Zealand
• Latin America
• Brazil
• Middle East & Africa

Access Press Release By Grand View Research: www.grandviewresearch.com/press-release/global-wood-plastic-composite-market 

                                                                                                                               

About Grand View Research:

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more information: www.grandviewresearch.com

Growing Demand For Environmental-Friendly & Sustainable Building Materials Is Expected To Drive Green Building Materials Market Till 2022: Grand View Research, Inc.

The global green building materials market size is expected to reach USD 364.6 billion by 2022, according to a new report by Grand View Research, Inc. Growing demand for environmental-friendly and sustainable building materials is expected to propel the growth of the market.

Green building materials prevents the usage of toxic paints containing lead, in turn improving indoor air quality. Furthermore, the products also offer plentiful natural lighting thereby reducing energy usage which thereby reduces the overall expenditure. Copious raw material availability coupled with a large number of manufacturers is expected to aid the growth of market.

Technological innovations have facilitated a rise in demand in green building materials, as products are becoming increasing affordable and readily available. As a result, the demand has increased dramatically over the past few years majorly due to rebounding construction market.

Increasing demand for green building materials coupled particularly in emerging economies is expected to have a positive impact towards market growth. In addition, presence of large number of manufacturers is expected to increase the ease in sourcing the products. Oversupply of green building materials is expected to lower product price which is expected drive the market growth over the forecast period.

The market exhibits the presence of a large number of manufacturers engaged in the manufacturing of wide range of products including roofing, insulation, and frames. Easy accessibility to raw materials coupled with product demand is likely to increase industry rivalry which is expected to improve product quality.

Browse full research report on Green Building Materials Market: www.grandviewresearch.com/industry-analysis/green-building-materials-market                      

Further key findings from the study suggest:

• Structural product segment is expected to reach USD 239.1 billion by 2022, owing to their superior aesthetics, and durability, and ability to reduce carbon emissions.
• Insulation is estimated to be the fastest growing application with a growth rate of 11.7% over the forecast period, on the account of its high energy efficiency coupled with heightened emphasis on the installation of interior insulation solutions
• The demand for the product in Asia Pacific is expected to reach a value of USD 78.4 billion by 2022 in the wake of rising residential construction and growing infrastructure development.
• Manufacturers primarily focus on the production of standard products for consumers. However, customizations as per consumer preference are expected to be the way forward which in turn is anticipated to propel demand.

Browse more reports of this category by Grand View Research: www.grandviewresearch.com/industry/green-building-materials                                                                                                                                                               

Grand View Research has segmented the green building materials market on the basis of product, application, and region:

Green Building Materials Product Outlook (Revenue, USD Billion; 2012 - 2022)

• Structural
• Exterior
• Interior
• Others

Green Building Materials Application Outlook (Revenue USD Billion; 2012 - 2022)

• Framing
• Insulation
• Roofing
• Exterior Siding
• Interior Finishing
• Others

Green Building Materials Regional Outlook (Revenue; USD Billion, 2012 - 2022)

• North America
• Europe
• Asia Pacific
• Rest of the World

Access Press Release By Grand View Research: www.grandviewresearch.com/press-release/global-green-building-materials-market                                                                                                                            

About Grand View Research:

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more information: www.grandviewresearch.com

High Temperature Insulation Market Will Grow at a Steady Rate of 11.5% CAGR from 2014 to 2020: Grand View Research, Inc.

Global high-temperature insulation market is poised to reach USD 5.14 billion by 2020. Increasing emphasis on energy conservation across various industries is projected to be one of the major driving forces for the market. Moreover, stringent regulation imposed on metal, cement, and oil & gas to reduce greenhouse gas emission has further augmented the industry growth. However, the carcinogenic content in high-temperature insulation material pose high risk to health, thus is expected to have an adverse impact on growth

Global HTI products volume, by application, 2012

Petrochemical application accounted for more than 30% of the market by revenue in 2013. Rising demand for petrochemicals along with the need towards energy conservation is likely to propel demand for the product in the petrochemical industry. Furthermore, stringent regulations emphasizing on workplace safety is expected to impact growth positively.

Browse full research report on High Temperature Insulation Market: www.grandviewresearch.com/industry-analysis/high-temperature-insulation-industry                

Demand for HTI materials in petrochemical industry is expected to grow at a CAGR of more than 6% over the forecast period. HTI is also gaining popularity among the powder metallurgy manufacturers. Also, industries such as aerospace, solar equipment, and fire protection industries are also projected to augment the demand for HTI over the forecast period.

Ceramic fibers accounted for more than 57% market by revenue in 2013. Rising trends related to replacing asbestos lining in furnaces and kilns with ceramic fibers is expected to augment market demand over the projected period.

Europe accounted for more than 35% market revenue in 2012. Stringent regulations to reduce GHC emission in Europe are expected to be a key driving factor for the regional market. The demand for HTI product in Europe is primarily dependent on imports from Asia. North America and Asia Pacific also contributed to the significant demand for HTI over the forecast period. Positive regulatory scenario related to improving workplace safety is expected to propel demand over the projected period.

However, European and North American markets have reached saturation and supposed to grow at a sluggish rate. In contrast, Latin America and Asia Pacific region are poised to witness substantial growth owing to rapid industrialization in Brazil, China, and India. Asia Pacific region is poised to grow at a CAGR of more than 8.5% over the forecast period.

Asia Pacific accounted for more than 46% of total production in 2012. Support from the government along with low manufacturing cost is expected to boost production of HTI materials in the region. Asia Pacific exports the majority of the HTI material manufactured in the region to North America and Europe.

Some of the major players in HTI market are Isolite, Skamol, Promat, Zircar, and Pyrotek. Thermal Ceramics and Unifrax dominate the global HTI market. Thermal Ceramics and Unifrax together accounted for over one-third of the total industry in 2012.

Browse more reports of this category by Grand View Research: www.grandviewresearch.com/industry/green-building-materials                                                                                                                                                        

Grand View Research has segmented the global high temperature insulation market on the basis of product, application and region:

High Temperature Insulation Product Outlook

• Ceramic Fiber
• Insulating Firebrick 
• Calcium Silicate 
• Other 

High Temperature Insulation Application Outlook

• Petrochemicals
• Ceramics
• Glass
• Cement
• Iron & Steel 
• Refractory
• Powder metallurgy
• Aluminum
• Others

High Temperature Insulation Regional Outlook

• North America
• Europe
• Asia Pacific
• Rest of the World

Access Press Release By Grand View Research: www.grandviewresearch.com/press-release/global-high-temperature-insulation-market                                                                                                                      

About Grand View Research:

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more information: www.grandviewresearch.com