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Between the forecast period of 20182026, the Europe wood plastic composite market, that initially stood at $601.4 million in 2017, is expected to progress with 13.12% CAGR and gain a net value of $821.3 million.
The European woodplastic composites market is a mature market. The U.K. woodplastic composites market is predicted to be driven by growing use of WPCs for manufacturing decking, fencing, furniture, doors, and sliding. In Germany, the WPCs are commonly used in the automobile industry as interior trim for door panels, seat cushions and backrests, dashboards, and luggage racks. The wood plastic composites market in France is expected to grow in the coming years due to the increasing concerns about the environment and deforestation. However, certain legal issues, low consumer preference for recyclates in products and the need to reduce the weight of WPC products are challenging the overall market growth.
Advanced Environmental Recycling Technologies Inc. AERT, FKuR Kunststoff Gmbh, Josef Ehrler Gmbh Co. Kg, Beologic N.V, Universal Forest Products Inc, Polymera Inc, Tamko Building Products Inc, Axion International Inc, Certainteed, Polypank Ab and Fiberon Llc are few of the noted WPC companies in this region.NEXT ARTICLE