Wood Composites Market: Highlights

  • Wood composites include a range of different derivative wood products, all of which are created by binding the strands, fibers, or boards of wood together. Wood composites are also known as manmade wood, manufactured board or engineered wood, as well as wood-plastic composites (WPC).
  • Wood composite is usually made from the same hardwood and softwood that is used for lumber, except using saw-mill’s scraps and wood waste. It is created by mixing ground wood particles with heated thermoplastic resin. Some combine and process the materials into pellets, which are re-melted and formed into the final shape, while others create the final product through a one-step mixing and extrusion process.
  • Wood composites are used in various applications including building & construction, automotive components, and industrial & consumer products

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Key Drivers of Wood Composites Market

  • Rise in usage of wood composites in various construction activities is expected to drive the market during the forecast period. Wood composites are used in home and industrial construction. They are often used to replace steel for joists and beams in building projects. However, wood composites are primarily used in outdoor deck flooring. They are also widely employed in railings, fencing, benches, window and door frames, and cladding and landscaping work.
  • Wood composites can be used in most applications that traditionally use solid wood. It is also a popular material for making flat-pack furniture due to its low manufacturing costs and light weight properties.

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Wood Composites Market: Highlights

  • Wood composites include a range of different derivative wood products, all of which are created by binding the strands, fibers, or boards of wood together. Wood composites are also known as manmade wood, manufactured board or engineered wood, as well as wood-plastic composites (WPC).
  • Wood composite is usually made from the same hardwood and softwood that is used for lumber, except using saw-mill’s scraps and wood waste. It is created by mixing ground wood particles with heated thermoplastic resin. Some combine and process the materials into pellets, which are re-melted and formed into the final shape, while others create the final product through a one-step mixing and extrusion process.
  • Wood composites are used in various applications including building & construction, automotive components, and industrial & consumer products

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Key Drivers of Wood Composites Market

  • Rise in usage of wood composites in various construction activities is expected to drive the market during the forecast period. Wood composites are used in home and industrial construction. They are often used to replace steel for joists and beams in building projects. However, wood composites are primarily used in outdoor deck flooring. They are also widely employed in railings, fencing, benches, window and door frames, and cladding and landscaping work.
  • Wood composites can be used in most applications that traditionally use solid wood. It is also a popular material for making flat-pack furniture due to its low manufacturing costs and light weight properties.

Wood Composites Market: Application Segment

  • Based on application, the global wood composites market can be segmented into building & construction, automotive components, industrial & consumer products, and others
  • The building & construction segment is projected to hold major share of the global wood composites market during the forecast period. The segment is estimated to expand at a healthy pace during the forecast period. It is expected to account for significant share of the market by 2027.
  • Expanding at a healthy pace, the automotive components segment is anticipated to create significant incremental opportunity during the forecast period
  • Industrial & consumer products segment also held vital share of the market in 2018. This trend is expected to continue in the near future.

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Key Manufacturers in Wood Composites Market

The global wood composites market was highly fragmented in 2018. Key manufacturers operating in the global market include:

  • Silvadec Group
  • Mar-Bal, Inc.
  • Forest Products Laboratory
  • Hexion
  • TIFAC

Global Wood Composites Market: Research Scope

Global Reactive Sealants Market, by Application

  • Building & Construction
  • Automotive Components
  • Industrial & Consumer Products
  • Others

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