• Wood Plastic Composite Market Size by Global Major Companies Profile, Competitive Landscape and Key Regions 2021-2027
    The global Wood Plastic Composite market is likely to gain impetus from their increasing application in kitchen accessories, home furniture, vehicle interiors, and car speakers. They are considered to be the highest growing plastic additives at present. This information is given by Fortune Business Insights™ in a recently published report, titled, “Wood Plastic Composite Market Size, Share & Industry Analysis, By Material (Polyethylene, Polypropylene, Polyvinyl Chloride and Others), By Application (Decking, Automotive, Sliding & fencing, Technical Application, Furniture, Consumer Goods and Others), and Regional Forecast, 2020-2027.” The report further mentions that the Wood Plastic Composite market size was USD 4.77 billion in 2019 and is projected to reach USD 9.03 billion by 2027, exhibiting a CAGR of 8.57% during the forecast period.

    Drivers & Restraints-

    Increasing Usage of Sustainable Fibers to Boost Growth

    Wood Plastic Composite are green materials that have high potential in bringing about sustainability. They don’t contain excessive chemicals that may pose toxic for the environment and are durable in nature. Plant-based fibers are mainly used in reinforced plastics, instead of fibrous materials as they are cost effective, robust, highly stiff, and annually renewable. Such fibers also emit less carbon dioxide, have low density, and possess biodegradability properties. Numerous automakers worldwide are aiming to develop biodegradable or recyclable parts of vehicles by using sustainable Wood Plastic Composite. They would aid in lowering fuel consumption and production cost, offering shatterproof performance under harsh weather conditions, enhance passenger safety, lower weight of the material, and improve acoustic performance. However, Wood Plastic Composite require higher initial cost spending. It may obstruct growth.

    Segment-

    Decking Segment to Grow Rapidly Owing to High Demand from Construction Sector

    Based on application, the decking segment held 55.55% Wood Plastic Composite market share in 2019. This growth is attributable to their increasing demand from the construction industry. The process of decking requires the usage of such composites as they possess several benefits that help in refining the quality of the material of concrete. They are also used to improve strength and durability.

    Regional Analysis-

    Rapid Industrialization in China & India to Favor Growth in Asia Pacific

    In terms of region, North America procured USD 2.24 billion revenue in 2019 stocked by the rising demand for environmentally-friendly solutions and products in this region. In addition to this, the rising application of Wood Plastic Composite in decking would drive growth. In Asia Pacific, developing countries, such as China and India are experiencing rapid industrialization. Coupled with this, the improvements and modernizations in buildings and road construction activities would accelerate growth in this region. The Middle East and Africa and Latin America are set to exhibit steady growth fueled by the surging number of construction activities in both regions.

    Information Source: -

    https://www.fortunebusinessinsights.com/wood-plastic-composite-market-102821
    Wood Plastic Composite Market Size by Global Major Companies Profile, Competitive Landscape and Key Regions 2021-2027 The global Wood Plastic Composite market is likely to gain impetus from their increasing application in kitchen accessories, home furniture, vehicle interiors, and car speakers. They are considered to be the highest growing plastic additives at present. This information is given by Fortune Business Insights™ in a recently published report, titled, “Wood Plastic Composite Market Size, Share & Industry Analysis, By Material (Polyethylene, Polypropylene, Polyvinyl Chloride and Others), By Application (Decking, Automotive, Sliding & fencing, Technical Application, Furniture, Consumer Goods and Others), and Regional Forecast, 2020-2027.” The report further mentions that the Wood Plastic Composite market size was USD 4.77 billion in 2019 and is projected to reach USD 9.03 billion by 2027, exhibiting a CAGR of 8.57% during the forecast period. Drivers & Restraints- Increasing Usage of Sustainable Fibers to Boost Growth Wood Plastic Composite are green materials that have high potential in bringing about sustainability. They don’t contain excessive chemicals that may pose toxic for the environment and are durable in nature. Plant-based fibers are mainly used in reinforced plastics, instead of fibrous materials as they are cost effective, robust, highly stiff, and annually renewable. Such fibers also emit less carbon dioxide, have low density, and possess biodegradability properties. Numerous automakers worldwide are aiming to develop biodegradable or recyclable parts of vehicles by using sustainable Wood Plastic Composite. They would aid in lowering fuel consumption and production cost, offering shatterproof performance under harsh weather conditions, enhance passenger safety, lower weight of the material, and improve acoustic performance. However, Wood Plastic Composite require higher initial cost spending. It may obstruct growth. Segment- Decking Segment to Grow Rapidly Owing to High Demand from Construction Sector Based on application, the decking segment held 55.55% Wood Plastic Composite market share in 2019. This growth is attributable to their increasing demand from the construction industry. The process of decking requires the usage of such composites as they possess several benefits that help in refining the quality of the material of concrete. They are also used to improve strength and durability. Regional Analysis- Rapid Industrialization in China & India to Favor Growth in Asia Pacific In terms of region, North America procured USD 2.24 billion revenue in 2019 stocked by the rising demand for environmentally-friendly solutions and products in this region. In addition to this, the rising application of Wood Plastic Composite in decking would drive growth. In Asia Pacific, developing countries, such as China and India are experiencing rapid industrialization. Coupled with this, the improvements and modernizations in buildings and road construction activities would accelerate growth in this region. The Middle East and Africa and Latin America are set to exhibit steady growth fueled by the surging number of construction activities in both regions. Information Source: - https://www.fortunebusinessinsights.com/wood-plastic-composite-market-102821
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  • Wood Plastic Composite Market Size & Share, Future Growth, Trends Evaluation, Demands, Regional Analysis and Forecast to 2027, Fortune Business Insights
    The global Wood Plastic Composite market is likely to gain impetus from their increasing application in kitchen accessories, home furniture, vehicle interiors, and car speakers. They are considered to be the highest growing plastic additives at present. This information is given by Fortune Business Insights™ in a recently published report, titled, “Wood Plastic Composite Market Size, Share & Industry Analysis, By Material (Polyethylene, Polypropylene, Polyvinyl Chloride and Others), By Application (Decking, Automotive, Sliding & fencing, Technical Application, Furniture, Consumer Goods and Others), and Regional Forecast, 2020-2027.” The report further mentions that the Wood Plastic Composite market size was USD 4.77 billion in 2019 and is projected to reach USD 9.03 billion by 2027, exhibiting a CAGR of 8.57% during the forecast period.

    Drivers & Restraints-

    Increasing Usage of Sustainable Fibers to Boost Growth

    Wood Plastic Composite are green materials that have high potential in bringing about sustainability. They don’t contain excessive chemicals that may pose toxic for the environment and are durable in nature. Plant-based fibers are mainly used in reinforced plastics, instead of fibrous materials as they are cost effective, robust, highly stiff, and annually renewable. Such fibers also emit less carbon dioxide, have low density, and possess biodegradability properties. Numerous automakers worldwide are aiming to develop biodegradable or recyclable parts of vehicles by using sustainable Wood Plastic Composite. They would aid in lowering fuel consumption and production cost, offering shatterproof performance under harsh weather conditions, enhance passenger safety, lower weight of the material, and improve acoustic performance. However, Wood Plastic Composite require higher initial cost spending. It may obstruct growth.


    Regional Analysis-

    Rapid Industrialization in China & India to Favor Growth in Asia Pacific

    In terms of region, North America procured USD 2.24 billion revenue in 2019 stocked by the rising demand for environmentally-friendly solutions and products in this region. In addition to this, the rising application of Wood Plastic Composite in decking would drive growth. In Asia Pacific, developing countries, such as China and India are experiencing rapid industrialization. Coupled with this, the improvements and modernizations in buildings and road construction activities would accelerate growth in this region. The Middle East and Africa and Latin America are set to exhibit steady growth fueled by the surging number of construction activities in both regions.

    Competitive Landscape-

    Key Companies Follow Acquisition Strategy to Gain Competitive Edge

    The market is fragmented with the presence of more than 100 organizations accounting for the total revenue across the globe. They are constantly investing huge sums in research and development activities to innovate their in-house Wood Plastic Composite. Some of them are also adopting the strategy of mergers and acquisitions to enhance their product offerings. Below are a couple of the latest industry developments:

    Information Source: -

    https://www.fortunebusinessinsights.com/wood-plastic-composite-market-102821
    Wood Plastic Composite Market Size & Share, Future Growth, Trends Evaluation, Demands, Regional Analysis and Forecast to 2027, Fortune Business Insights The global Wood Plastic Composite market is likely to gain impetus from their increasing application in kitchen accessories, home furniture, vehicle interiors, and car speakers. They are considered to be the highest growing plastic additives at present. This information is given by Fortune Business Insights™ in a recently published report, titled, “Wood Plastic Composite Market Size, Share & Industry Analysis, By Material (Polyethylene, Polypropylene, Polyvinyl Chloride and Others), By Application (Decking, Automotive, Sliding & fencing, Technical Application, Furniture, Consumer Goods and Others), and Regional Forecast, 2020-2027.” The report further mentions that the Wood Plastic Composite market size was USD 4.77 billion in 2019 and is projected to reach USD 9.03 billion by 2027, exhibiting a CAGR of 8.57% during the forecast period. Drivers & Restraints- Increasing Usage of Sustainable Fibers to Boost Growth Wood Plastic Composite are green materials that have high potential in bringing about sustainability. They don’t contain excessive chemicals that may pose toxic for the environment and are durable in nature. Plant-based fibers are mainly used in reinforced plastics, instead of fibrous materials as they are cost effective, robust, highly stiff, and annually renewable. Such fibers also emit less carbon dioxide, have low density, and possess biodegradability properties. Numerous automakers worldwide are aiming to develop biodegradable or recyclable parts of vehicles by using sustainable Wood Plastic Composite. They would aid in lowering fuel consumption and production cost, offering shatterproof performance under harsh weather conditions, enhance passenger safety, lower weight of the material, and improve acoustic performance. However, Wood Plastic Composite require higher initial cost spending. It may obstruct growth. Regional Analysis- Rapid Industrialization in China & India to Favor Growth in Asia Pacific In terms of region, North America procured USD 2.24 billion revenue in 2019 stocked by the rising demand for environmentally-friendly solutions and products in this region. In addition to this, the rising application of Wood Plastic Composite in decking would drive growth. In Asia Pacific, developing countries, such as China and India are experiencing rapid industrialization. Coupled with this, the improvements and modernizations in buildings and road construction activities would accelerate growth in this region. The Middle East and Africa and Latin America are set to exhibit steady growth fueled by the surging number of construction activities in both regions. Competitive Landscape- Key Companies Follow Acquisition Strategy to Gain Competitive Edge The market is fragmented with the presence of more than 100 organizations accounting for the total revenue across the globe. They are constantly investing huge sums in research and development activities to innovate their in-house Wood Plastic Composite. Some of them are also adopting the strategy of mergers and acquisitions to enhance their product offerings. Below are a couple of the latest industry developments: Information Source: - https://www.fortunebusinessinsights.com/wood-plastic-composite-market-102821
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    Wood Plastic Composite Market Size, Share | Report, 2020-2027
    The global wood plastic composite market size was $4.77 Bn in 2019 & is projected to reach $9.03 Bn by 2027 at a CAGR of 8.57% during the forecast period.
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  • Polymer Foam Market | 2020 Size, Share, Sales, Demand, Growth, Merger, Trends, Competitive Landscape And Regional Outlook To 2027
    The global polymer foam market size is projected to reach USD 157.63 billion by 2027, exhibiting a CAGR of 7.73% during the forecast period. Development of biodegradable polymeric foams will play a crucial role in expanding the scope of this market, observes Fortune Business Insights™ in its report, titled “Polymer Foam Market Size, Share & COVID-19 Impact Analysis, By Type (Polyurethane (PU), Polystyrene (PS), Polyethylene (PE), Polyvinyl Chloride (PVC) and Others), By Application (Automotive, Building & Construction, Packaging, Furniture, Appliances, Apparel and Others),and Regional Forecast, 2020-2027”. This foam is created by dispersing gas into the polymer matrix and can take the form of expanded rubber, cellular elastomers, or sponges. Traditional polymeric foams use petroleum products as raw materials, which has led to heightened environmental concerns as these products are extensively utilized in various end-use industries. As a result, companies are now focused on developing biodegradable polymer foams that are sustainable and whose cost or production is not affected by changes in crude oil prices. For example, New York-based Ecovative Design released Myco Foam in 2016, which the company developed from mycelium, the vegetative part of the mushroom. This foam is 100% biodegradable that can substitute polystyrene in packaging and thermal insulation applications.

    The outbreak of the COVID-19 pandemic has triggered widespread turmoil in the global economic dynamics. Businesses around the world are struggling to cope with rapidly changing circumstances. Governments are devising innovative policies and measures to steer their countries out of these troubled waters. We are also taking solid efforts to generate intelligent analysis on different markets and providing a detailed assessment of the impact of this pandemic on your business

    Market Driver

    Research into Recyclable Polymer Foams to Create Promising Prospects

    An emerging trend that is expected to catalyze the polymer foam market growth is the increasing research conducted to study the viability of recycling waste polymer foams such as phenolic foam and polyethylene terephthalate (PET) foam. A study published in the journal ‘Industrial Crops and Products’ in 2017, which created polyurethane rigid foams from recycled PET, found that the rigidity of PU foams grew three-fold and strength enhanced two-fold after adding adipic acid and glycerol. Another study published in the journal ‘Polymer Degradation and Stability’ found that recycled rigid polyisocyanurate foams derived from recovered polyols exhibited improved mechanical properties and cellular structure compared to those made from virgin polyols. Such research studies can be utilized by players to synthesize environment-friendly polymeric foams and augment the potential of this market.

    Regional Insights

    Asia Pacific to Lead the Market Backed up High Consumption of Polymer Materials

    Asia Pacific, with market size of USD 50.36 billion in 2019, is expected to dominate the polymer foam market share during the forecast period owing to the consistently high demand and consumption of polymerized materials. This trend is mainly driven by the exponential growth in building & construction activities in the developing economies of India, China, Vietnam, and Bangladesh.

    In Europe, the market is anticipated to grow at a remarkable pace on account of wide utilization of these polymer type of foams in automotive interiors and augmenting the safety quotient in vehicles. In North America, increasing demand for effective insulation materials for food packaging will be the prime factor driving the regional market growth.

    Browse Summary: https://www.fortunebusinessinsights.com/industry-reports/polymer-foam-market-101698
    Polymer Foam Market | 2020 Size, Share, Sales, Demand, Growth, Merger, Trends, Competitive Landscape And Regional Outlook To 2027 The global polymer foam market size is projected to reach USD 157.63 billion by 2027, exhibiting a CAGR of 7.73% during the forecast period. Development of biodegradable polymeric foams will play a crucial role in expanding the scope of this market, observes Fortune Business Insights™ in its report, titled “Polymer Foam Market Size, Share & COVID-19 Impact Analysis, By Type (Polyurethane (PU), Polystyrene (PS), Polyethylene (PE), Polyvinyl Chloride (PVC) and Others), By Application (Automotive, Building & Construction, Packaging, Furniture, Appliances, Apparel and Others),and Regional Forecast, 2020-2027”. This foam is created by dispersing gas into the polymer matrix and can take the form of expanded rubber, cellular elastomers, or sponges. Traditional polymeric foams use petroleum products as raw materials, which has led to heightened environmental concerns as these products are extensively utilized in various end-use industries. As a result, companies are now focused on developing biodegradable polymer foams that are sustainable and whose cost or production is not affected by changes in crude oil prices. For example, New York-based Ecovative Design released Myco Foam in 2016, which the company developed from mycelium, the vegetative part of the mushroom. This foam is 100% biodegradable that can substitute polystyrene in packaging and thermal insulation applications. The outbreak of the COVID-19 pandemic has triggered widespread turmoil in the global economic dynamics. Businesses around the world are struggling to cope with rapidly changing circumstances. Governments are devising innovative policies and measures to steer their countries out of these troubled waters. We are also taking solid efforts to generate intelligent analysis on different markets and providing a detailed assessment of the impact of this pandemic on your business Market Driver Research into Recyclable Polymer Foams to Create Promising Prospects An emerging trend that is expected to catalyze the polymer foam market growth is the increasing research conducted to study the viability of recycling waste polymer foams such as phenolic foam and polyethylene terephthalate (PET) foam. A study published in the journal ‘Industrial Crops and Products’ in 2017, which created polyurethane rigid foams from recycled PET, found that the rigidity of PU foams grew three-fold and strength enhanced two-fold after adding adipic acid and glycerol. Another study published in the journal ‘Polymer Degradation and Stability’ found that recycled rigid polyisocyanurate foams derived from recovered polyols exhibited improved mechanical properties and cellular structure compared to those made from virgin polyols. Such research studies can be utilized by players to synthesize environment-friendly polymeric foams and augment the potential of this market. Regional Insights Asia Pacific to Lead the Market Backed up High Consumption of Polymer Materials Asia Pacific, with market size of USD 50.36 billion in 2019, is expected to dominate the polymer foam market share during the forecast period owing to the consistently high demand and consumption of polymerized materials. This trend is mainly driven by the exponential growth in building & construction activities in the developing economies of India, China, Vietnam, and Bangladesh. In Europe, the market is anticipated to grow at a remarkable pace on account of wide utilization of these polymer type of foams in automotive interiors and augmenting the safety quotient in vehicles. In North America, increasing demand for effective insulation materials for food packaging will be the prime factor driving the regional market growth. Browse Summary: https://www.fortunebusinessinsights.com/industry-reports/polymer-foam-market-101698
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    Polymer Foam Market Size | Global Industry Forecast [2020-2027]
    The global polymer foam market size was $114.88 billion in 2019 & it is projected to reach $157.63 billion by 2027, exhibiting a CAGR of 7.73% in forecast period
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  • Plastic Compounding Market Research Update, Size Estimation, Future Scope, Revenue Opportunities and Regional Forecast to 2026
    The global plastic compounding market size is set to gain traction from their increasing usage in the automotive and packaging industry. Besides, construction activities in emerging economies are increasing at a fast pace. In addition to that, ongoing technological advancements in the electrical and automotive industries would affect the market positively in the coming years. The demand for these products is also growing from the food and beverage industry as they help in reducing quality degradation and contamination.

    As per the report, the plastic compounding market size stood at USD 52.74 billion in 2018. It is set to reach USD 87.11 billion by 2026, thereby exhibiting a CAGR of 6.5% during the forecast period.


    Drivers & Restraints-

    Increasing Number of Commercial & Residential Projects to Augment Growth

    Nowadays, plastics are being used extensively in the insulation of infrastructures and buildings. Several products required for construction are made mainly by utilizing plastics. These include pipes, cables, doors, safety windows, and flooring. Compounded plastics possess numerous features that are similar to steel. They are resistant to harsh environmental conditions and rust, have robust strength, and are smooth in texture.

    In today’s world, the population is growing at a rapid rate across the globe. It is, in turn, upsurging the number of residential and commercial projects. Coupled with this, the rising awareness programs about state-of-the-art interiors are growing amongst the consumers. These factors are set to augment the plastic compounding market growth during the forthcoming years. However, the prices of raw materials required to produce compounded plastics keep on fluctuating. It may obstruct the market growth.

    Regional Analysis-

    Asia Pacific to Dominate Owing to High Demand for Low Emission Vehicles

    Geographically, the market is divided into Europe, Asia Pacific, the Middle East and Africa, North America, and Latin America. Amongst them, Asia Pacific is anticipated to generate the highest plastic compounding market revenue in the coming years. The majority of this growth would be contributed by China and India, mainly because of the rising demand for low emission vehicles. It is helping the automotive sector to expand.

    Asia Pacific is considered to be the largest producer of construction, automobiles, industrial machinery, electrical & electronics, and packaging materials. Coupled with this, the ongoing economic development and growing industrialization are set to impact the market positively in this region. The U.S. in North America previously held the largest share stoked by high demand for plastic compounding from healthcare & pharmaceutical, as well as electrical & electronics industries. The region procured USD 10.02 billion market share in 2018. In Europe, Germany is likely to be the main contributor of growth on account of the rising production of electric vehicles.


    Browse Detailed Research Insights with Impact of COVID-19 Analysis:

    https://www.fortunebusinessinsights.com/plastic-compounding-market-102550
    Plastic Compounding Market Research Update, Size Estimation, Future Scope, Revenue Opportunities and Regional Forecast to 2026 The global plastic compounding market size is set to gain traction from their increasing usage in the automotive and packaging industry. Besides, construction activities in emerging economies are increasing at a fast pace. In addition to that, ongoing technological advancements in the electrical and automotive industries would affect the market positively in the coming years. The demand for these products is also growing from the food and beverage industry as they help in reducing quality degradation and contamination. As per the report, the plastic compounding market size stood at USD 52.74 billion in 2018. It is set to reach USD 87.11 billion by 2026, thereby exhibiting a CAGR of 6.5% during the forecast period. Drivers & Restraints- Increasing Number of Commercial & Residential Projects to Augment Growth Nowadays, plastics are being used extensively in the insulation of infrastructures and buildings. Several products required for construction are made mainly by utilizing plastics. These include pipes, cables, doors, safety windows, and flooring. Compounded plastics possess numerous features that are similar to steel. They are resistant to harsh environmental conditions and rust, have robust strength, and are smooth in texture. In today’s world, the population is growing at a rapid rate across the globe. It is, in turn, upsurging the number of residential and commercial projects. Coupled with this, the rising awareness programs about state-of-the-art interiors are growing amongst the consumers. These factors are set to augment the plastic compounding market growth during the forthcoming years. However, the prices of raw materials required to produce compounded plastics keep on fluctuating. It may obstruct the market growth. Regional Analysis- Asia Pacific to Dominate Owing to High Demand for Low Emission Vehicles Geographically, the market is divided into Europe, Asia Pacific, the Middle East and Africa, North America, and Latin America. Amongst them, Asia Pacific is anticipated to generate the highest plastic compounding market revenue in the coming years. The majority of this growth would be contributed by China and India, mainly because of the rising demand for low emission vehicles. It is helping the automotive sector to expand. Asia Pacific is considered to be the largest producer of construction, automobiles, industrial machinery, electrical & electronics, and packaging materials. Coupled with this, the ongoing economic development and growing industrialization are set to impact the market positively in this region. The U.S. in North America previously held the largest share stoked by high demand for plastic compounding from healthcare & pharmaceutical, as well as electrical & electronics industries. The region procured USD 10.02 billion market share in 2018. In Europe, Germany is likely to be the main contributor of growth on account of the rising production of electric vehicles. Browse Detailed Research Insights with Impact of COVID-19 Analysis: https://www.fortunebusinessinsights.com/plastic-compounding-market-102550
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    Plastic Compounding Market Size, Share, Growth | Global Report, 2026
    The global plastic compounding market size was USD 52.74 billion in 2018 is projected to reach USD 87.11 billion by 2026, exhibiting a CAGR of 6.5% during the forecast period from 2019 – 2026.
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  • Wood Plastic Composite Market Analysis by Trends, Size, Share, Company Overview, Growth and Forecast by 2027
    The global Wood Plastic Composite market is likely to gain impetus from their increasing application in kitchen accessories, home furniture, vehicle interiors, and car speakers. They are considered to be the highest growing plastic additives at present. This information is given by Fortune Business Insights™ in a recently published report, titled, “Wood Plastic Composite Market Size, Share & Industry Analysis, By Material (Polyethylene, Polypropylene, Polyvinyl Chloride and Others), By Application (Decking, Automotive, Sliding & fencing, Technical Application, Furniture, Consumer Goods and Others), and Regional Forecast, 2020-2027.” The report further mentions that the Wood Plastic Composite market size was USD 4.77 billion in 2019 and is projected to reach USD 9.03 billion by 2027, exhibiting a CAGR of 8.57% during the forecast period.

    Drivers & Restraints-

    Increasing Usage of Sustainable Fibers to Boost Growth

    Wood Plastic Composite are green materials that have high potential in bringing about sustainability. They don’t contain excessive chemicals that may pose toxic for the environment and are durable in nature. Plant-based fibers are mainly used in reinforced plastics, instead of fibrous materials as they are cost effective, robust, highly stiff, and annually renewable. Such fibers also emit less carbon dioxide, have low density, and possess biodegradability properties. Numerous automakers worldwide are aiming to develop biodegradable or recyclable parts of vehicles by using sustainable Wood Plastic Composite. They would aid in lowering fuel consumption and production cost, offering shatterproof performance under harsh weather conditions, enhance passenger safety, lower weight of the material, and improve acoustic performance. However, Wood Plastic Composite require higher initial cost spending. It may obstruct growth.


    Regional Analysis-

    Rapid Industrialization in China & India to Favor Growth in Asia Pacific

    In terms of region, North America procured USD 2.24 billion revenue in 2019 stocked by the rising demand for environmentally-friendly solutions and products in this region. In addition to this, the rising application of Wood Plastic Composite in decking would drive growth. In Asia Pacific, developing countries, such as China and India are experiencing rapid industrialization. Coupled with this, the improvements and modernizations in buildings and road construction activities would accelerate growth in this region. The Middle East and Africa and Latin America are set to exhibit steady growth fueled by the surging number of construction activities in both regions.

    Competitive Landscape-

    Key Companies Follow Acquisition Strategy to Gain Competitive Edge

    The market is fragmented with the presence of more than 100 organizations accounting for the total revenue across the globe. They are constantly investing huge sums in research and development activities to innovate their in-house Wood Plastic Composite. Some of them are also adopting the strategy of mergers and acquisitions to enhance their product offerings. Below are a couple of the latest industry developments:

    Information Source: -

    https://www.fortunebusinessinsights.com/wood-plastic-composite-market-102821
    Wood Plastic Composite Market Analysis by Trends, Size, Share, Company Overview, Growth and Forecast by 2027 The global Wood Plastic Composite market is likely to gain impetus from their increasing application in kitchen accessories, home furniture, vehicle interiors, and car speakers. They are considered to be the highest growing plastic additives at present. This information is given by Fortune Business Insights™ in a recently published report, titled, “Wood Plastic Composite Market Size, Share & Industry Analysis, By Material (Polyethylene, Polypropylene, Polyvinyl Chloride and Others), By Application (Decking, Automotive, Sliding & fencing, Technical Application, Furniture, Consumer Goods and Others), and Regional Forecast, 2020-2027.” The report further mentions that the Wood Plastic Composite market size was USD 4.77 billion in 2019 and is projected to reach USD 9.03 billion by 2027, exhibiting a CAGR of 8.57% during the forecast period. Drivers & Restraints- Increasing Usage of Sustainable Fibers to Boost Growth Wood Plastic Composite are green materials that have high potential in bringing about sustainability. They don’t contain excessive chemicals that may pose toxic for the environment and are durable in nature. Plant-based fibers are mainly used in reinforced plastics, instead of fibrous materials as they are cost effective, robust, highly stiff, and annually renewable. Such fibers also emit less carbon dioxide, have low density, and possess biodegradability properties. Numerous automakers worldwide are aiming to develop biodegradable or recyclable parts of vehicles by using sustainable Wood Plastic Composite. They would aid in lowering fuel consumption and production cost, offering shatterproof performance under harsh weather conditions, enhance passenger safety, lower weight of the material, and improve acoustic performance. However, Wood Plastic Composite require higher initial cost spending. It may obstruct growth. Regional Analysis- Rapid Industrialization in China & India to Favor Growth in Asia Pacific In terms of region, North America procured USD 2.24 billion revenue in 2019 stocked by the rising demand for environmentally-friendly solutions and products in this region. In addition to this, the rising application of Wood Plastic Composite in decking would drive growth. In Asia Pacific, developing countries, such as China and India are experiencing rapid industrialization. Coupled with this, the improvements and modernizations in buildings and road construction activities would accelerate growth in this region. The Middle East and Africa and Latin America are set to exhibit steady growth fueled by the surging number of construction activities in both regions. Competitive Landscape- Key Companies Follow Acquisition Strategy to Gain Competitive Edge The market is fragmented with the presence of more than 100 organizations accounting for the total revenue across the globe. They are constantly investing huge sums in research and development activities to innovate their in-house Wood Plastic Composite. Some of them are also adopting the strategy of mergers and acquisitions to enhance their product offerings. Below are a couple of the latest industry developments: Information Source: - https://www.fortunebusinessinsights.com/wood-plastic-composite-market-102821
    WWW.FORTUNEBUSINESSINSIGHTS.COM
    Wood Plastic Composite Market Size, Share | Report, 2020-2027
    The global wood plastic composite market size was $4.77 Bn in 2019 & is projected to reach $9.03 Bn by 2027 at a CAGR of 8.57% during the forecast period.
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  • Plastic Compounding Market Major Key Players and Stockholders, Business Strategy Analysis by Distributors, Industry Size with Share and Business Expansion Plans till 2026
    The global plastic compounding market size is set to gain traction from their increasing usage in the automotive and packaging industry. Besides, construction activities in emerging economies are increasing at a fast pace. In addition to that, ongoing technological advancements in the electrical and automotive industries would affect the market positively in the coming years. The demand for these products is also growing from the food and beverage industry as they help in reducing quality degradation and contamination.

    As per the report, the plastic compounding market size stood at USD 52.74 billion in 2018. It is set to reach USD 87.11 billion by 2026, thereby exhibiting a CAGR of 6.5% during the forecast period.

    Drivers & Restraints-

    Increasing Number of Commercial & Residential Projects to Augment Growth

    Nowadays, plastics are being used extensively in the insulation of infrastructures and buildings. Several products required for construction are made mainly by utilizing plastics. These include pipes, cables, doors, safety windows, and flooring. Compounded plastics possess numerous features that are similar to steel. They are resistant to harsh environmental conditions and rust, have robust strength, and are smooth in texture.

    In today’s world, the population is growing at a rapid rate across the globe. It is, in turn, upsurging the number of residential and commercial projects. Coupled with this, the rising awareness programs about state-of-the-art interiors are growing amongst the consumers. These factors are set to augment the plastic compounding market growth during the forthcoming years. However, the prices of raw materials required to produce compounded plastics keep on fluctuating. It may obstruct the market growth.


    Competitive Landscape-

    Lanxess Inaugurates New Plant in China; LyondellBasell Acquires A. Schulman, Inc.

    Reputed companies present in the market are either investing huge sums in building brand new plants or are engaging in the strategy of mergers and acquisitions to widen their geographic reach and product portfolio.

    Browse Detailed Research Insights with Impact of COVID-19 Analysis:

    https://www.fortunebusinessinsights.com/plastic-compounding-market-102550

    Plastic Compounding Market Major Key Players and Stockholders, Business Strategy Analysis by Distributors, Industry Size with Share and Business Expansion Plans till 2026 The global plastic compounding market size is set to gain traction from their increasing usage in the automotive and packaging industry. Besides, construction activities in emerging economies are increasing at a fast pace. In addition to that, ongoing technological advancements in the electrical and automotive industries would affect the market positively in the coming years. The demand for these products is also growing from the food and beverage industry as they help in reducing quality degradation and contamination. As per the report, the plastic compounding market size stood at USD 52.74 billion in 2018. It is set to reach USD 87.11 billion by 2026, thereby exhibiting a CAGR of 6.5% during the forecast period. Drivers & Restraints- Increasing Number of Commercial & Residential Projects to Augment Growth Nowadays, plastics are being used extensively in the insulation of infrastructures and buildings. Several products required for construction are made mainly by utilizing plastics. These include pipes, cables, doors, safety windows, and flooring. Compounded plastics possess numerous features that are similar to steel. They are resistant to harsh environmental conditions and rust, have robust strength, and are smooth in texture. In today’s world, the population is growing at a rapid rate across the globe. It is, in turn, upsurging the number of residential and commercial projects. Coupled with this, the rising awareness programs about state-of-the-art interiors are growing amongst the consumers. These factors are set to augment the plastic compounding market growth during the forthcoming years. However, the prices of raw materials required to produce compounded plastics keep on fluctuating. It may obstruct the market growth. Competitive Landscape- Lanxess Inaugurates New Plant in China; LyondellBasell Acquires A. Schulman, Inc. Reputed companies present in the market are either investing huge sums in building brand new plants or are engaging in the strategy of mergers and acquisitions to widen their geographic reach and product portfolio. Browse Detailed Research Insights with Impact of COVID-19 Analysis: https://www.fortunebusinessinsights.com/plastic-compounding-market-102550
    WWW.FORTUNEBUSINESSINSIGHTS.COM
    Plastic Compounding Market Size, Share, Growth | Global Report, 2026
    The global plastic compounding market size was USD 52.74 billion in 2018 is projected to reach USD 87.11 billion by 2026, exhibiting a CAGR of 6.5% during the forecast period from 2019 – 2026.
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  • Wood Plastic Composite Market Outlook 2027 | Industry Analysis & Growth Forecast by Product & End User
    The global Wood Plastic Composite market is likely to gain impetus from their increasing application in kitchen accessories, home furniture, vehicle interiors, and car speakers. They are considered to be the highest growing plastic additives at present. This information is given by Fortune Business Insights™ in a recently published report, titled, “Wood Plastic Composite Market Size, Share & Industry Analysis, By Material (Polyethylene, Polypropylene, Polyvinyl Chloride and Others), By Application (Decking, Automotive, Sliding & fencing, Technical Application, Furniture, Consumer Goods and Others), and Regional Forecast, 2020-2027.” The report further mentions that the Wood Plastic Composite market size was USD 4.77 billion in 2019 and is projected to reach USD 9.03 billion by 2027, exhibiting a CAGR of 8.57% during the forecast period.

    Drivers & Restraints-

    Increasing Usage of Sustainable Fibers to Boost Growth

    Wood Plastic Composite are green materials that have high potential in bringing about sustainability. They don’t contain excessive chemicals that may pose toxic for the environment and are durable in nature. Plant-based fibers are mainly used in reinforced plastics, instead of fibrous materials as they are cost effective, robust, highly stiff, and annually renewable. Such fibers also emit less carbon dioxide, have low density, and possess biodegradability properties. Numerous automakers worldwide are aiming to develop biodegradable or recyclable parts of vehicles by using sustainable Wood Plastic Composite. They would aid in lowering fuel consumption and production cost, offering shatterproof performance under harsh weather conditions, enhance passenger safety, lower weight of the material, and improve acoustic performance. However, Wood Plastic Composite require higher initial cost spending. It may obstruct growth.

    Segment-

    Decking Segment to Grow Rapidly Owing to High Demand from Construction Sector

    Based on application, the decking segment held 55.55% Wood Plastic Composite market share in 2019. This growth is attributable to their increasing demand from the construction industry. The process of decking requires the usage of such composites as they possess several benefits that help in refining the quality of the material of concrete. They are also used to improve strength and durability.

    Regional Analysis-

    Rapid Industrialization in China & India to Favor Growth in Asia Pacific

    In terms of region, North America procured USD 2.24 billion revenue in 2019 stocked by the rising demand for environmentally-friendly solutions and products in this region. In addition to this, the rising application of Wood Plastic Composite in decking would drive growth. In Asia Pacific, developing countries, such as China and India are experiencing rapid industrialization. Coupled with this, the improvements and modernizations in buildings and road construction activities would accelerate growth in this region. The Middle East and Africa and Latin America are set to exhibit steady growth fueled by the surging number of construction activities in both regions.

    Information Source: -

    https://www.fortunebusinessinsights.com/wood-plastic-composite-market-102821
    Wood Plastic Composite Market Outlook 2027 | Industry Analysis & Growth Forecast by Product & End User The global Wood Plastic Composite market is likely to gain impetus from their increasing application in kitchen accessories, home furniture, vehicle interiors, and car speakers. They are considered to be the highest growing plastic additives at present. This information is given by Fortune Business Insights™ in a recently published report, titled, “Wood Plastic Composite Market Size, Share & Industry Analysis, By Material (Polyethylene, Polypropylene, Polyvinyl Chloride and Others), By Application (Decking, Automotive, Sliding & fencing, Technical Application, Furniture, Consumer Goods and Others), and Regional Forecast, 2020-2027.” The report further mentions that the Wood Plastic Composite market size was USD 4.77 billion in 2019 and is projected to reach USD 9.03 billion by 2027, exhibiting a CAGR of 8.57% during the forecast period. Drivers & Restraints- Increasing Usage of Sustainable Fibers to Boost Growth Wood Plastic Composite are green materials that have high potential in bringing about sustainability. They don’t contain excessive chemicals that may pose toxic for the environment and are durable in nature. Plant-based fibers are mainly used in reinforced plastics, instead of fibrous materials as they are cost effective, robust, highly stiff, and annually renewable. Such fibers also emit less carbon dioxide, have low density, and possess biodegradability properties. Numerous automakers worldwide are aiming to develop biodegradable or recyclable parts of vehicles by using sustainable Wood Plastic Composite. They would aid in lowering fuel consumption and production cost, offering shatterproof performance under harsh weather conditions, enhance passenger safety, lower weight of the material, and improve acoustic performance. However, Wood Plastic Composite require higher initial cost spending. It may obstruct growth. Segment- Decking Segment to Grow Rapidly Owing to High Demand from Construction Sector Based on application, the decking segment held 55.55% Wood Plastic Composite market share in 2019. This growth is attributable to their increasing demand from the construction industry. The process of decking requires the usage of such composites as they possess several benefits that help in refining the quality of the material of concrete. They are also used to improve strength and durability. Regional Analysis- Rapid Industrialization in China & India to Favor Growth in Asia Pacific In terms of region, North America procured USD 2.24 billion revenue in 2019 stocked by the rising demand for environmentally-friendly solutions and products in this region. In addition to this, the rising application of Wood Plastic Composite in decking would drive growth. In Asia Pacific, developing countries, such as China and India are experiencing rapid industrialization. Coupled with this, the improvements and modernizations in buildings and road construction activities would accelerate growth in this region. The Middle East and Africa and Latin America are set to exhibit steady growth fueled by the surging number of construction activities in both regions. Information Source: - https://www.fortunebusinessinsights.com/wood-plastic-composite-market-102821
    WWW.FORTUNEBUSINESSINSIGHTS.COM
    Wood Plastic Composite Market Size, Share | Report, 2020-2027
    The global wood plastic composite market size was $4.77 Bn in 2019 & is projected to reach $9.03 Bn by 2027 at a CAGR of 8.57% during the forecast period.
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  • Polymer Foam Market Size, Industry Share and Growth Insights by Top Companies | Industry Forecast to 2027
    The global polymer foam industry is projected to reach USD 157.63 billion by 2027, exhibiting a CAGR of 7.73% during the forecast period. Development of biodegradable polymeric foams will play a crucial role in expanding the scope of this market, observes Fortune Business Insights™ in its report, titled “Polymer Foam Market Size, Share & COVID-19 Impact Analysis, By Type (Polyurethane (PU), Polystyrene (PS), Polyethylene (PE), Polyvinyl Chloride (PVC) and Others), By Application (Automotive, Building & Construction, Packaging, Furniture, Appliances, Apparel and Others), and Regional Forecast, 2020-2027”. This foam is created by dispersing gas into the polymer matrix and can take the form of expanded rubber, cellular elastomers, or sponges. Traditional polymeric foams use petroleum products as raw materials, which has led to heightened environmental concerns as these products are extensively utilized in various end-use industries. As a result, companies are now focused on developing biodegradable polymer foams that are sustainable and whose cost or production is not affected by changes in crude oil prices. For example, New York-based Ecovative Design released Myco Foam in 2016, which the company developed from mycelium, the vegetative part of the mushroom. This foam is 100% biodegradable that can substitute polystyrene in packaging and thermal insulation applications.

    The outbreak of the COVID-19 pandemic has triggered widespread turmoil in the global economic dynamics. Businesses around the world are struggling to cope with rapidly changing circumstances. Governments are devising innovative policies and measures to steer their countries out of these troubled waters. We are also taking solid efforts to generate intelligent analysis on different markets and providing a detailed assessment of the impact of this pandemic on your business

    Market Driver

    Research into Recyclable Polymer Foams to Create Promising Prospects

    An emerging trend that is expected to catalyze the polymer foam market growth is the increasing research conducted to study the viability of recycling waste polymer foams such as phenolic foam and polyethylene terephthalate (PET) foam. A study published in the journal ‘Industrial Crops and Products’ in 2017, which created polyurethane rigid foams from recycled PET, found that the rigidity of PU foams grew three-fold and strength enhanced two-fold after adding adipic acid and glycerol. Another study published in the journal ‘Polymer Degradation and Stability’ found that recycled rigid polyisocyanurate foams derived from recovered polyols exhibited improved mechanical properties and cellular structure compared to those made from virgin polyols. Such research studies can be utilized by players to synthesize environment-friendly polymeric foams and augment the potential of this market.

    Regional Insights

    Asia Pacific to Lead the Market Backed up High Consumption of Polymer Materials

    Asia Pacific, with market size of USD 50.36 billion in 2019, is expected to dominate the polymer foam market share during the forecast period owing to the consistently high demand and consumption of polymerized materials. This trend is mainly driven by the exponential growth in building & construction activities in the developing economies of India, China, Vietnam, and Bangladesh.

    In Europe, the market is anticipated to grow at a remarkable pace on account of wide utilization of these polymer type of foams in automotive interiors and augmenting the safety quotient in vehicles. In North America, increasing demand for effective insulation materials for food packaging will be the prime factor driving the regional market growth.

    Browse Summary: https://www.fortunebusinessinsights.com/industry-reports/polymer-foam-market-101698

    Polymer Foam Market Size, Industry Share and Growth Insights by Top Companies | Industry Forecast to 2027 The global polymer foam industry is projected to reach USD 157.63 billion by 2027, exhibiting a CAGR of 7.73% during the forecast period. Development of biodegradable polymeric foams will play a crucial role in expanding the scope of this market, observes Fortune Business Insights™ in its report, titled “Polymer Foam Market Size, Share & COVID-19 Impact Analysis, By Type (Polyurethane (PU), Polystyrene (PS), Polyethylene (PE), Polyvinyl Chloride (PVC) and Others), By Application (Automotive, Building & Construction, Packaging, Furniture, Appliances, Apparel and Others), and Regional Forecast, 2020-2027”. This foam is created by dispersing gas into the polymer matrix and can take the form of expanded rubber, cellular elastomers, or sponges. Traditional polymeric foams use petroleum products as raw materials, which has led to heightened environmental concerns as these products are extensively utilized in various end-use industries. As a result, companies are now focused on developing biodegradable polymer foams that are sustainable and whose cost or production is not affected by changes in crude oil prices. For example, New York-based Ecovative Design released Myco Foam in 2016, which the company developed from mycelium, the vegetative part of the mushroom. This foam is 100% biodegradable that can substitute polystyrene in packaging and thermal insulation applications. The outbreak of the COVID-19 pandemic has triggered widespread turmoil in the global economic dynamics. Businesses around the world are struggling to cope with rapidly changing circumstances. Governments are devising innovative policies and measures to steer their countries out of these troubled waters. We are also taking solid efforts to generate intelligent analysis on different markets and providing a detailed assessment of the impact of this pandemic on your business Market Driver Research into Recyclable Polymer Foams to Create Promising Prospects An emerging trend that is expected to catalyze the polymer foam market growth is the increasing research conducted to study the viability of recycling waste polymer foams such as phenolic foam and polyethylene terephthalate (PET) foam. A study published in the journal ‘Industrial Crops and Products’ in 2017, which created polyurethane rigid foams from recycled PET, found that the rigidity of PU foams grew three-fold and strength enhanced two-fold after adding adipic acid and glycerol. Another study published in the journal ‘Polymer Degradation and Stability’ found that recycled rigid polyisocyanurate foams derived from recovered polyols exhibited improved mechanical properties and cellular structure compared to those made from virgin polyols. Such research studies can be utilized by players to synthesize environment-friendly polymeric foams and augment the potential of this market. Regional Insights Asia Pacific to Lead the Market Backed up High Consumption of Polymer Materials Asia Pacific, with market size of USD 50.36 billion in 2019, is expected to dominate the polymer foam market share during the forecast period owing to the consistently high demand and consumption of polymerized materials. This trend is mainly driven by the exponential growth in building & construction activities in the developing economies of India, China, Vietnam, and Bangladesh. In Europe, the market is anticipated to grow at a remarkable pace on account of wide utilization of these polymer type of foams in automotive interiors and augmenting the safety quotient in vehicles. In North America, increasing demand for effective insulation materials for food packaging will be the prime factor driving the regional market growth. Browse Summary: https://www.fortunebusinessinsights.com/industry-reports/polymer-foam-market-101698
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    Polymer Foam Market Size | Global Industry Forecast [2020-2027]
    The global polymer foam market size was $114.88 billion in 2019 & it is projected to reach $157.63 billion by 2027, exhibiting a CAGR of 7.73% in forecast period
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  • Plastic Compounding Market Latest Industry Size, Share, Demands, Growth Analysis, Company Profiles, Revenue and Forecast 2026, Fortune Business Insights
    The global plastic compounding industry size is set to gain traction from their increasing usage in the automotive and packaging industry. Besides, construction activities in emerging economies are increasing at a fast pace. In addition to that, ongoing technological advancements in the electrical and automotive industries would affect the market positively in the coming years. The demand for these products is also growing from the food and beverage industry as they help in reducing quality degradation and contamination.

    As per the report, the plastic compounding market size stood at USD 52.74 billion in 2018. It is set to reach USD 87.11 billion by 2026, thereby exhibiting a CAGR of 6.5% during the forecast period.

    Automotive & Transportation Segment to Hold the Highest Share Backed by Extensive Usage of Compounded Plastics

    In terms of application, the market is grouped into consumer goods/lifestyle, infrastructure & construction, industrial machinery, packaging, automotive & transportation, electrical & electronics, and others. Amongst these, the automotive and transportation segment is set to hold the largest plastic compounding market share during the forecast period. This growth is attributable to the increasing usage of compounded plastics in this industry. They lower the overall weight of the vehicle, which further increases the life and efficiency of the vehicle components. The infrastructure and construction segment held 14.6% share in 2018.

    Drivers & Restraints-

    Increasing Number of Commercial & Residential Projects to Augment Growth

    Nowadays, plastics are being used extensively in the insulation of infrastructures and buildings. Several products required for construction are made mainly by utilizing plastics. These include pipes, cables, doors, safety windows, and flooring. Compounded plastics possess numerous features that are similar to steel. They are resistant to harsh environmental conditions and rust, have robust strength, and are smooth in texture.

    In today’s world, the population is growing at a rapid rate across the globe. It is, in turn, upsurging the number of residential and commercial projects. Coupled with this, the rising awareness programs about state-of-the-art interiors are growing amongst the consumers. These factors are set to augment the plastic compounding market growth during the forthcoming years. However, the prices of raw materials required to produce compounded plastics keep on fluctuating. It may obstruct the market growth.

    Regional Analysis-

    Asia Pacific to Dominate Owing to High Demand for Low Emission Vehicles

    Geographically, the market is divided into Europe, Asia Pacific, the Middle East and Africa, North America, and Latin America. Amongst them, Asia Pacific is anticipated to generate the highest plastic compounding market revenue in the coming years. The majority of this growth would be contributed by China and India, mainly because of the rising demand for low emission vehicles. It is helping the automotive sector to expand.

    Asia Pacific is considered to be the largest producer of construction, automobiles, industrial machinery, electrical & electronics, and packaging materials. Coupled with this, the ongoing economic development and growing industrialization are set to impact the market positively in this region. The U.S. in North America previously held the largest share stoked by high demand for plastic compounding from healthcare & pharmaceutical, as well as electrical & electronics industries. The region procured USD 10.02 billion market share in 2018. In Europe, Germany is likely to be the main contributor of growth on account of the rising production of electric vehicles.


    Competitive Landscape-

    Lanxess Inaugurates New Plant in China; LyondellBasell Acquires A. Schulman, Inc.

    Reputed companies present in the market are either investing huge sums in building brand new plants or are engaging in the strategy of mergers and acquisitions to widen their geographic reach and product portfolio.

    Browse Detailed Research Insights with Impact of COVID-19 Analysis:

    https://www.fortunebusinessinsights.com/plastic-compounding-market-102550
    Plastic Compounding Market Latest Industry Size, Share, Demands, Growth Analysis, Company Profiles, Revenue and Forecast 2026, Fortune Business Insights The global plastic compounding industry size is set to gain traction from their increasing usage in the automotive and packaging industry. Besides, construction activities in emerging economies are increasing at a fast pace. In addition to that, ongoing technological advancements in the electrical and automotive industries would affect the market positively in the coming years. The demand for these products is also growing from the food and beverage industry as they help in reducing quality degradation and contamination. As per the report, the plastic compounding market size stood at USD 52.74 billion in 2018. It is set to reach USD 87.11 billion by 2026, thereby exhibiting a CAGR of 6.5% during the forecast period. Automotive & Transportation Segment to Hold the Highest Share Backed by Extensive Usage of Compounded Plastics In terms of application, the market is grouped into consumer goods/lifestyle, infrastructure & construction, industrial machinery, packaging, automotive & transportation, electrical & electronics, and others. Amongst these, the automotive and transportation segment is set to hold the largest plastic compounding market share during the forecast period. This growth is attributable to the increasing usage of compounded plastics in this industry. They lower the overall weight of the vehicle, which further increases the life and efficiency of the vehicle components. The infrastructure and construction segment held 14.6% share in 2018. Drivers & Restraints- Increasing Number of Commercial & Residential Projects to Augment Growth Nowadays, plastics are being used extensively in the insulation of infrastructures and buildings. Several products required for construction are made mainly by utilizing plastics. These include pipes, cables, doors, safety windows, and flooring. Compounded plastics possess numerous features that are similar to steel. They are resistant to harsh environmental conditions and rust, have robust strength, and are smooth in texture. In today’s world, the population is growing at a rapid rate across the globe. It is, in turn, upsurging the number of residential and commercial projects. Coupled with this, the rising awareness programs about state-of-the-art interiors are growing amongst the consumers. These factors are set to augment the plastic compounding market growth during the forthcoming years. However, the prices of raw materials required to produce compounded plastics keep on fluctuating. It may obstruct the market growth. Regional Analysis- Asia Pacific to Dominate Owing to High Demand for Low Emission Vehicles Geographically, the market is divided into Europe, Asia Pacific, the Middle East and Africa, North America, and Latin America. Amongst them, Asia Pacific is anticipated to generate the highest plastic compounding market revenue in the coming years. The majority of this growth would be contributed by China and India, mainly because of the rising demand for low emission vehicles. It is helping the automotive sector to expand. Asia Pacific is considered to be the largest producer of construction, automobiles, industrial machinery, electrical & electronics, and packaging materials. Coupled with this, the ongoing economic development and growing industrialization are set to impact the market positively in this region. The U.S. in North America previously held the largest share stoked by high demand for plastic compounding from healthcare & pharmaceutical, as well as electrical & electronics industries. The region procured USD 10.02 billion market share in 2018. In Europe, Germany is likely to be the main contributor of growth on account of the rising production of electric vehicles. Competitive Landscape- Lanxess Inaugurates New Plant in China; LyondellBasell Acquires A. Schulman, Inc. Reputed companies present in the market are either investing huge sums in building brand new plants or are engaging in the strategy of mergers and acquisitions to widen their geographic reach and product portfolio. Browse Detailed Research Insights with Impact of COVID-19 Analysis: https://www.fortunebusinessinsights.com/plastic-compounding-market-102550
    WWW.FORTUNEBUSINESSINSIGHTS.COM
    Plastic Compounding Market Size, Share, Growth | Global Report, 2026
    The global plastic compounding market size was USD 52.74 billion in 2018 is projected to reach USD 87.11 billion by 2026, exhibiting a CAGR of 6.5% during the forecast period from 2019 – 2026.
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  • Wood Plastic Composite Market by 2021-2027
    The global Wood Plastic Composite industry is likely to gain impetus from their increasing application in kitchen accessories, home furniture, vehicle interiors, and car speakers. They are considered to be the highest growing plastic additives at present. This information is given by Fortune Business Insights™ in a recently published report, titled, “Wood Plastic Composite Market Size, Share & Industry Analysis, By Material (Polyethylene, Polypropylene, Polyvinyl Chloride and Others), By Application (Decking, Automotive, Sliding & fencing, Technical Application, Furniture, Consumer Goods and Others), and Regional Forecast, 2020-2027.” The report further mentions that the Wood Plastic Composite market size was USD 4.77 billion in 2019 and is projected to reach USD 9.03 billion by 2027, exhibiting a CAGR of 8.57% during the forecast period.

    Drivers & Restraints-

    Increasing Usage of Sustainable Fibers to Boost Growth

    Wood Plastic Composite are green materials that have high potential in bringing about sustainability. They don’t contain excessive chemicals that may pose toxic for the environment and are durable in nature. Plant-based fibers are mainly used in reinforced plastics, instead of fibrous materials as they are cost effective, robust, highly stiff, and annually renewable. Such fibers also emit less carbon dioxide, have low density, and possess biodegradability properties. Numerous automakers worldwide are aiming to develop biodegradable or recyclable parts of vehicles by using sustainable Wood Plastic Composite. They would aid in lowering fuel consumption and production cost, offering shatterproof performance under harsh weather conditions, enhance passenger safety, lower weight of the material, and improve acoustic performance. However, Wood Plastic Composite require higher initial cost spending. It may obstruct growth.

    Segment-

    Decking Segment to Grow Rapidly Owing to High Demand from Construction Sector

    Based on application, the decking segment held 55.55% Wood Plastic Composite market share in 2019. This growth is attributable to their increasing demand from the construction industry. The process of decking requires the usage of such composites as they possess several benefits that help in refining the quality of the material of concrete. They are also used to improve strength and durability.

    Regional Analysis-

    Rapid Industrialization in China & India to Favor Growth in Asia Pacific

    In terms of region, North America procured USD 2.24 billion revenue in 2019 stocked by the rising demand for environmentally-friendly solutions and products in this region. In addition to this, the rising application of Wood Plastic Composite in decking would drive growth. In Asia Pacific, developing countries, such as China and India are experiencing rapid industrialization. Coupled with this, the improvements and modernizations in buildings and road construction activities would accelerate growth in this region. The Middle East and Africa and Latin America are set to exhibit steady growth fueled by the surging number of construction activities in both regions.


    Information Source: -

    https://www.fortunebusinessinsights.com/wood-plastic-composite-market-102821
    Wood Plastic Composite Market by 2021-2027 The global Wood Plastic Composite industry is likely to gain impetus from their increasing application in kitchen accessories, home furniture, vehicle interiors, and car speakers. They are considered to be the highest growing plastic additives at present. This information is given by Fortune Business Insights™ in a recently published report, titled, “Wood Plastic Composite Market Size, Share & Industry Analysis, By Material (Polyethylene, Polypropylene, Polyvinyl Chloride and Others), By Application (Decking, Automotive, Sliding & fencing, Technical Application, Furniture, Consumer Goods and Others), and Regional Forecast, 2020-2027.” The report further mentions that the Wood Plastic Composite market size was USD 4.77 billion in 2019 and is projected to reach USD 9.03 billion by 2027, exhibiting a CAGR of 8.57% during the forecast period. Drivers & Restraints- Increasing Usage of Sustainable Fibers to Boost Growth Wood Plastic Composite are green materials that have high potential in bringing about sustainability. They don’t contain excessive chemicals that may pose toxic for the environment and are durable in nature. Plant-based fibers are mainly used in reinforced plastics, instead of fibrous materials as they are cost effective, robust, highly stiff, and annually renewable. Such fibers also emit less carbon dioxide, have low density, and possess biodegradability properties. Numerous automakers worldwide are aiming to develop biodegradable or recyclable parts of vehicles by using sustainable Wood Plastic Composite. They would aid in lowering fuel consumption and production cost, offering shatterproof performance under harsh weather conditions, enhance passenger safety, lower weight of the material, and improve acoustic performance. However, Wood Plastic Composite require higher initial cost spending. It may obstruct growth. Segment- Decking Segment to Grow Rapidly Owing to High Demand from Construction Sector Based on application, the decking segment held 55.55% Wood Plastic Composite market share in 2019. This growth is attributable to their increasing demand from the construction industry. The process of decking requires the usage of such composites as they possess several benefits that help in refining the quality of the material of concrete. They are also used to improve strength and durability. Regional Analysis- Rapid Industrialization in China & India to Favor Growth in Asia Pacific In terms of region, North America procured USD 2.24 billion revenue in 2019 stocked by the rising demand for environmentally-friendly solutions and products in this region. In addition to this, the rising application of Wood Plastic Composite in decking would drive growth. In Asia Pacific, developing countries, such as China and India are experiencing rapid industrialization. Coupled with this, the improvements and modernizations in buildings and road construction activities would accelerate growth in this region. The Middle East and Africa and Latin America are set to exhibit steady growth fueled by the surging number of construction activities in both regions. Information Source: - https://www.fortunebusinessinsights.com/wood-plastic-composite-market-102821
    WWW.FORTUNEBUSINESSINSIGHTS.COM
    Wood Plastic Composite Market Size, Share | Report, 2020-2027
    The global wood plastic composite market size was $4.77 Bn in 2019 & is projected to reach $9.03 Bn by 2027 at a CAGR of 8.57% during the forecast period.
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