The Global Fiber Cement Market has recently been analyzed and explored by Fortune Business Insights™ in their latest market research report. The team of dedicated analysts and researchers has gone to great lengths to provide a comprehensive overview of both current and future scenarios pertaining to the Fiber Cement Market. As a result, this report is packed with valuable insights that will be highly advantageous for industry players looking to maintain a competitive edge.
The report also highlights limiting factors and regional industrial presence that may impact market growth trends beyond the forecast period of 2032. The market research aims to gain a complete understanding of the industry's potential and provide information that will help companies to make informed decisions. The Fiber Cement Market Report is an impressive 100+ page document that includes a comprehensive table of contents, a list of figures, tables and graphs, as well as a comprehensive analysis.
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Forecast Growth Projected:
The global fiber cement market size was valued at USD 13.15 billion in 2023 and is projected to grow from USD 13.60 billion in 2024 to USD 18.41 billion by 2032, exhibiting a CAGR of 3.8% during the forecast period.
List of the Key Players in the Fiber Cement Market:
- James Hardie Industries PLC (Ireland)
- ETEX Group (Belgium)
- Evonik Industries (Germany)
- Saint Gobain (France)
- CSR Limited (Australia)
- Nichiha Corporation (Japan)
- Cembrit Group A/S (Denmark)
- The Siam Cement Public Company Limited (Thailand)
- plycem corporation (Costa Rica)
- Beijing Hocreboard Building Materials Co. Ltd. (China)
Competitors Landscape:
The realm of Fiber Cement Market is rife with cutthroat competition and fragmentation, a result of the considerable presence of both global conglomerates and domestic contenders. Industry insiders situated in diverse geographical regions are formulating and executing effective strategies to exploit unexplored opportunities and extend their business outreach. In this highly aggressive environment, prominent players are aggressively pursuing tactics to enhance their market share through various channels.
Fiber Cement Market Segmentation:
Wide Availability and Cost Effectiveness Augments Portland’s Growth
By material, the market is classified into portland, silica, cellulosic, and others. Portland holds the largest fiber cement market share, owing to advantages offered such as temperature reduction of ceiling walls, cost-effective, and wide availability propels growth.
Siding Dominates Market with Several Advantages over Other Products
By application, the market is categorized into siding, roofing, cladding, molding & trimming, and others. Siding dominates the market with its robust properties that include significant tensile strength, structural flexibility, crackproof, and low maintenance cost.
Rise in Urbanization Drives Dominance of Residential Segment
By end-use, the market is bifurcated into residential and non-residential. Rapid urbanization, increasing population, and growing construction activities drive the growth of the residential segment.
From the regional ground, the market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Drivers and Restraints
Robust Properties of Fiber Cement Increases Demand Bolstering Market Growth
Considered as an advanced material in the construction sector, the product has witnessed prolific demand in recent years. The younger population has been observed to shift toward urban areas to experience a better lifestyle, which has surged construction activities giving rise to product demand. Growing industrialization and high demand are anticipated to upscale the fiber cement market growth.
However, strict laws regarding the use of fibrous silicate minerals and health issues associated with it are likely to limit the product’s adoption.
Competitive Landscape
Strong Regional Presence Solidifies Market Leaders Position
The market consists of large players fiercely competing to solidify their positions. Participants actively focus on innovations, acquisitions, mergers, and collaborations to increase global reach. Industry leaders maintain competitive edge with wide network for distribution, innovative product offerings, and strong presence.
Key Industry Development
- November 2022 - ETEX Group announced the acquisition of USRA. The acquisition aims to establish a presence in lightweight, sustainable building solutions, including plasterboard and cement.
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Future of Single Use Packaging Market: Industry Overview and Forecast to 2032
By Pallavi G, 2025-06-18
According to Fortune Business Insights the global single use packaging market size was valued at USD 554.14 billion in 2023. The market is projected to grow from USD 583.21 billion in 2024 to USD 895.12 billion by 2032, exhibiting a CAGR of 5.50% during the forecast period. Single use packaging refers to products, such as wrappers and containers that are meant to be used once and thrown away. These products are typically made from materials, such as paper, plastics, and metal to pack foods, drinks, and medical supplies. The increasing demand for convenience among customers leading a hectic lifestyle will bolster the use of single use packaging products in various industries.
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Segmentation:
Plastic Materials Widely Used in Single Use Packaging Solutions Due to Their Affordability and Durability
Based on material, the market is segmented into plastic, paper & paperboard, metal, glass, and others. The plastic segment is dominating the market as this material offers various benefits to manufacturers and customers, such as affordability, adaptability, and high durability.
Demand for Bottles and Jars Rises Due to Ease of Transporting Liquid and Solid Products
Based on product type, the market is segmented into bags & pouches, bottles & jars, films & wraps, tableware, boxes & cartons, tapes & labels, and others. The bottles & jars segment is dominating the global market as these containers are known for offering customers the ease to transport for both solid and liquid products.
Growing Network of Hotels Fuels Product Adoption in Food & Beverage Industry
Based on end-use industry, the market is segmented into food & beverage, healthcare, consumer goods, e-commerce, and others. The food & beverage segment is holding the largest global single use packaging market share due to the increasing network of hotels, online food outlets, and restaurants, which use these packaging products.
With respect to region, the market covers North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
LIST OF KEY COMPANIES PROFILED IN THE REPORT
- Amcor plc (Switzerland)
- Berry Global (U.S.)
- Sonoco Products Company (U.S.)
- Huhtamaki (Finland)
- Gerresheimer (Germany)
- Constantia Flexibles (Austria)
- ProAmpac (U.S.)
- Graphic Packaging International, LLC (U.S.)
- Transcontinental Inc. (Canada)
- Pactiv Evergreen Inc. (U.S.)
- Tetra Pak (Switzerland)
- Sealed Air (U.S.)
- Mondi (U.K.)
- Winpak LTD. (Canada)
- PACCOR (Germany)
Report Coverage:
The report has conducted a detailed study of the market and highlighted several critical areas, such as leading product types, end-use industries, materials, and key market players. It has also focused on the latest market trends and the key industry developments. Apart from the aforementioned factors, the report has given information on many other factors that have helped the market grow.
Drivers and Restraints:
Increasing Adoption of Paper & Paperboard Materials to Boost Market Growth
The use of paper and paperboard materials is increasing in the production of single use packaging products to help industries, such as food & beverage reduce their reliance on plastics and decrease their environmental impact. Paper-based materials are known for their biodegradability and recyclability, which will bolster their use in the production of single use packaging solutions.
However, this form of packaging creates large volumes of waste, which can increase environmental pollution, thereby hampering the single use packaging market growth.
Regional Insights:
Asia Pacific Dominates Global Market Due to Rapid Urbanization
Asia Pacific is leading the global market’s growth due to rapid urbanization and expanding populace of middle-class. These factors have increased the demand for single use packaging solutions.
Europe is also showcasing significant growth in the global market owing to rising focus on convenience and growing innovations in packaging designs.
Notable Industry Development:
July 2024: Berry Global announced its collaboration with Wells Enterprises, Inc., an American ice cream manufacturer, to increase latter’s range of Twist Cones frozen treats and transform it into a freezer-grade, single-serve Twist pints for Blue Bunny. Made with highly recyclable polypropylene (PP) and a high-density polyethylene (HDPE) lid, the new Twist pints claim to enhance the recyclability of conventional ice-cream packaging products, which are typically made from plastic-lined paper board.
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The Global Phosphoric Acid Market has recently been analyzed and explored by Fortune Business Insights™ in their latest market research report. The team of dedicated analysts and researchers has gone to great lengths to provide a comprehensive overview of both current and future scenarios pertaining to the Phosphoric Acid Market. As a result, this report is packed with valuable insights that will be highly advantageous for industry players looking to maintain a competitive edge.
The report also highlights limiting factors and regional industrial presence that may impact market growth trends beyond the forecast period of 2032. The market research aims to gain a complete understanding of the industry's potential and provide information that will help companies to make informed decisions. The Phosphoric Acid Market Report is an impressive 100+ page document that includes a comprehensive table of contents, a list of figures, tables and graphs, as well as a comprehensive analysis.
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Forecast Growth Projected:
The global phosphoric acid market size was valued at USD 35.2 billion in 2023 and is projected to grow from USD 37.0 billion in 2024 to USD 54.0 billion by 2032, exhibiting a CAGR of 4.9% during the forecast period.
List of the Key Players in the Phosphoric Acid Market:
- Nutrien (Canada)
- The Mosaic Company (U.S.)
- OCP (Morocco)
- Ma’aden (Saudi Arabia)
- EuroChem Group AG (Switzerland)
- Solvay S.A. (Belgium)
Competitors Landscape:
The realm of Phosphoric Acid Market is rife with cutthroat competition and fragmentation, a result of the considerable presence of both global conglomerates and domestic contenders. Industry insiders situated in diverse geographical regions are formulating and executing effective strategies to exploit unexplored opportunities and extend their business outreach. In this highly aggressive environment, prominent players are aggressively pursuing tactics to enhance their market share through various channels.
Segmentation:
The present study is composed of several unique divisions, neatly sorted by geographic location (nation), producers, classification, and usage. Every section presents a comprehensive overview of the product for the projection timeframe, offering valuable observations into the Phosphoric Acid Market at hand. This approach to categorizing the information plays a crucial role in assessing the importance of numerous factors that foster market expansion, while also facilitating the recognition of nascent trends and prospects.
What are the New Additions in Phosphoric Acid Market Report?
Comprehensive Market Analysis : The 2023 report provides a detailed industry overview, analyzing key market trends, growth drivers, challenges, and opportunities. It covers various sectors within the industry and offers insights into market size, market share, and market segmentation.
Company Profiles : The report includes additional in-depth information on key company players operating in the industry. It offers detailed profiles of these companies, highlighting their financial performance, product portfolios, strategic initiatives, partnerships, and competitive landscape analysis.
Customization and Analyst Support : The report offers customized services and analyst support upon request. This may include tailored research, specific data requirements, or personalized insights based on the client's needs and preferences.
Recent Market Developments : The report incorporates the latest market developments that have occurred since the previous edition. It includes recent mergers and acquisitions, product launches, collaborations, regulatory changes, and other significant events shaping the industry landscape.
Futuristic Growth Opportunities : The report identifies and presents future growth opportunities in the industry. It explores emerging technologies, market trends, consumer preferences, and regulatory factors that are expected to drive growth and innovation in the coming years.
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The Global Caps & Closures Market has recently been analyzed and explored by Fortune Business Insights™ in their latest market research report. The team of dedicated analysts and researchers has gone to great lengths to provide a comprehensive overview of both current and future scenarios pertaining to the Caps & Closures Market. As a result, this report is packed with valuable insights that will be highly advantageous for industry players looking to maintain a competitive edge.
The report also highlights limiting factors and regional industrial presence that may impact market growth trends beyond the forecast period of 2032. The market research aims to gain a complete understanding of the industry's potential and provide information that will help companies to make informed decisions. The Caps & Closures Market Report is an impressive 100+ page document that includes a comprehensive table of contents, a list of figures, tables and graphs, as well as a comprehensive analysis.
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Forecast Growth Projected:
The caps & closures market size was valued at USD 73.49 billion in 2023 and is projected to grow from USD 77.45 billion in 2024 to USD 125.10 billion by 2032, exhibiting a CAGR of 6.18% during the forecast period.
List of the Key Players in the Caps & Closures Market:
- BERICAP Holding GmbH (Germany)
- Guala Closures S.p.A (Italy)
- Closure Systems International, Inc. (U.S.)
- Amcor Plc (Australia)
- Silgan Holdings Inc. (U.S.)
- Aptar Group (U.S.)
- UNITED CAPS (Luxembourg)
- Nippon Closures Co., Ltd. (Japan)
- Mold-Rite Plastics, LLC (U.S.)
- O.Berk Company, LLC (U.S.)
- Pelliconi & C. Spa. (Italy)
- Weener Plastics (Netherlands)
Competitors Landscape:
The realm of Caps & Closures Market is rife with cutthroat competition and fragmentation, a result of the considerable presence of both global conglomerates and domestic contenders. Industry insiders situated in diverse geographical regions are formulating and executing effective strategies to exploit unexplored opportunities and extend their business outreach. In this highly aggressive environment, prominent players are aggressively pursuing tactics to enhance their market share through various channels.
Segmentation:
The present study is composed of several unique divisions, neatly sorted by geographic location (nation), producers, classification, and usage. Every section presents a comprehensive overview of the product for the projection timeframe, offering valuable observations into the Caps & Closures Market at hand. This approach to categorizing the information plays a crucial role in assessing the importance of numerous factors that foster market expansion, while also facilitating the recognition of nascent trends and prospects.
What are the New Additions in Caps & Closures Market Report?
Comprehensive Market Analysis : The 2023 report provides a detailed industry overview, analyzing key market trends, growth drivers, challenges, and opportunities. It covers various sectors within the industry and offers insights into market size, market share, and market segmentation.
Company Profiles : The report includes additional in-depth information on key company players operating in the industry. It offers detailed profiles of these companies, highlighting their financial performance, product portfolios, strategic initiatives, partnerships, and competitive landscape analysis.
Customization and Analyst Support : The report offers customized services and analyst support upon request. This may include tailored research, specific data requirements, or personalized insights based on the client's needs and preferences.
Recent Market Developments : The report incorporates the latest market developments that have occurred since the previous edition. It includes recent mergers and acquisitions, product launches, collaborations, regulatory changes, and other significant events shaping the industry landscape.
Futuristic Growth Opportunities : The report identifies and presents future growth opportunities in the industry. It explores emerging technologies, market trends, consumer preferences, and regulatory factors that are expected to drive growth and innovation in the coming years.
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According to Fortune Business Insights the global rigid plastic packaging market size was valued at USD 289.32 billion in 2024. The market is projected to grow from USD 302.69 billion in 2025 to USD 401.36 billion by 2032, exhibiting a CAGR of 4.11% during the forecast period. Rigid packaging is a packing that is heavier and more solid than normal packaging. This type of packaging is used to protect products that need special handling. The demand for rigid plastic packaging is increasing as it helps to transport products in bulk safely and is estimated to drive market growth during the forecast period.
The report also highlights limiting factors and regional industrial presence that may impact market growth trends beyond the forecast period of 2032. The market research aims to gain a complete understanding of the industry's potential and provide information that will help companies to make informed decisions. The Rigid Plastic Packaging Market Report is an impressive 100+ page document that includes a comprehensive table of contents, a list of figures, tables and graphs, as well as a comprehensive analysis.
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Competitors Landscape:
The realm of Rigid Plastic Packaging Market is rife with cutthroat competition and fragmentation, a result of the considerable presence of both global conglomerates and domestic contenders. Industry insiders situated in diverse geographical regions are formulating and executing effective strategies to exploit unexplored opportunities and extend their business outreach. In this highly aggressive environment, prominent players are aggressively pursuing tactics to enhance their market share through various channels.
Rigid Plastic Packaging Market Segmentation:
Polyethylene (PE) Segment to Dominate Due to its Lightweight and Affordability
Based on material, the market is classified into Polyethylene (PE), Polyethylene terephthalate (PET), Polypropylene (PP), Polyvinyl chloride (PVC), and others. The Polyethylene (PE) segment dominates the market as it is lightweight, economical, and provides protection against water vapor.
Bottles & Jars Segment Augment’s Growth Due to its Increasing Applications
Based on product type, the market is divided into bottles & jars, containers, trays & pallets, IBC’s, clamshell, drums, caps & closures, and others. The bottles & jars segment holds the largest rigid plastic packaging market share as it has applications in various end-use industries, such as pharmaceutical, automotive, food & beverage, building & construction, and several others.
Food & Beverage Segment Growth Driven by Increasing Intake of Healthy Drinks Globally
Based on application, the market is classified into food & beverage, pharmaceutical, personal care & cosmetics, home care, industrial, and others. The food & beverage segment dominates the market during the forecast period due to the increasing consumption of healthy drinks, including protein shakes and milk products, and growing health concerns among all generations.
Geographically, the market is studied across North America, Europe, Asia Pacific, Latin America, the Middle East & Africa, and the rest of the Middle East & Africa.
List of the Key Players in the Rigid Plastic Packaging Market:
List of Key Companies Profiled:
- Amcor (Switzerland)
- Berry Global (U.S.)
- Silgan Holdings (U.S.)
- Sonoco Product Company (U.S.)
- Mauser Packaging Solutions (U.S.)
- Greif Inc. (U.S.)
- Schütz GmbH & Co. KGaA (Germany)
- Schoeller Allibert Services B.V. (Netherlands)
- Klöckner Pentaplast (U.K.)
Drivers & Restraints
Growing Plastic Material Recyclability to Drive Market Growth
The governments of many countries have banned plastic usage as it is considered to be an unsustainable and non-environment-friendly material. Many countries are focusing on adopting more clean and low-impact plastic packaging material that can be recycled. The growing adoption of recyclable material and innovation in technologies is driving the rigid plastic packaging market growth during the forecast period.
However, the increasing use of flexible products that offer benefits, such as easy customizability and printability over rigid plastic packaging may hinder market growth.
Regional Insights
Asia Pacific Leads Due to Growing Demand for Food & Beverage Products
Asia Pacific dominates the rigid plastic packaging market and was valued at USD 96.72 billion in 2022. The growth is attributed to the increasing demand for food & beverage products in India and China.
North America is the second-largest leading region in the market. The growth is attributed to the well-established medical and pharmaceutical industries in the U.S.
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According to Fortune Business Insights the global aluminum curtain wall market was valued at USD 33.76 billion in 2019 and is anticipated to reach USD 62.22 billion by 2027, reflecting a robust 8.0% compound annual growth rate (CAGR) over the forecast period 2025-2032. Curtain walling systems made up of aluminum are particularly designed for withstanding predefined wind loads. They possess the ability for the safe transfer of wind load via the fixing of a building, which is a major aspect favoring industry expansion.
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Aluminum Curtain Wall Market Segmentation:
Unitized Segment to Depict Lucrative Growth Owing to Faster Installation as Compared to Stick-built Systems
Based on the type of product, the market is segmented into stick-built, unitized, and others. The industry value from unitized aluminum curtain wall systems is expected to record an appreciable rise over the estimated period. This can be mainly attributed to the reduced requirement for the individual installation of components. The walls provide the advantages of higher quality and rapid installation over stick-built systems.
Commercial Buildings Segment to Gain Prominence due to Strict Government Regulations for Elimination of Greenhouse Gas Emissions
On the basis of application, the industry is fragmented into commercial buildings and residential buildings. The commercial buildings segment is poised to foresee substantial expansion through the analysis period. The establishments are a large source of carbon emissions. Therefore, several governments are formulating strict regulatory policies for putting a check on the overall greenhouse gas emissions.
Market Restraint :
High Installation Cost of Curtain Walls to Impede Market Revenue
The high cost involved in transporting and storing curtain walls leads to an overall elevated cost of aluminum curtain walls, which in turn, will hamper the growth of the market. Periodical maintenance is essential to preserve the aesthetical appeal intact, thus the perpetual maintenance leads to extraordinary costs. Similarly, the necessity for the sealant to be replaced over some time to keep the product quality. The aluminum frames are mostly anodized which further requires proper cleaning as the detergents used to clean the frames can affect the coating surface. The necessity of high skilled laborers to install curtain walls can be a critical factor in restricting the growth of the market. Besides, the unfavorable weather conditions lead to a major delay in installing curtain wall systems, which, in turn, will further obstruct the growth of the market.
Major Regional Analysis :
Booming Construction Industry to Augment Growth in Asia Pacific
The market in Asia Pacific generated a Revenue of 6.42 billion in 2019. The growth in the region is attributed to the flourishing construction industry in emerging nations such as China and India. The abundantly availably aluminum will enable speedy expansion of the market in the forthcoming years. According to the India Brand Equity Foundation (IBEF), India is projected to become the third-largest construction market by 2025. Additionally, favorable government regulations will further aid the expansion of the market in Asia Pacific. For instance, in June 2015, the Indian government announced the Smart Cities Mission to improve the core infrastructure of the selected cities across the country.
The Report lists the Prominent Companies in the Aluminum Curtain Wall Market:
- ETEM Group
- HansenGroup Limited
- Schüco International KG
- Qingdao Longxiang Building Materials Co., Ltd.
- ALUMIL S.A.
- Reynaers Aluminium
- ALUTECH
- EFCO Corporation
- Kawneer Company Inc.
- TECHNAL
- HUECK System GmbH & Co.KG
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Liquid Laundry Detergent Market Outlook: Trends, Opportunities & Forecast to 2032
By Pallavi G, 2025-06-17
According to Fortune Business Insights the global liquid laundry detergent market size was USD 24.99 billion in 2023 and is projected to grow from USD 26.52 billion in 2024 to USD 41.65 billion by 2032 at a CAGR of 5.8% during the forecast period. Liquid laundry detergent is a detergent made up of liquid instead of powder. It is composed of surfactants and other ingredients to enhance fabric cleaning. They are an extremely convenient option that eliminates the hassles of lint formation, color loss, and others. It reduces washing time and removes dirt efficiently from clothes. These type of detergents are made up of a mixture of non-ionic and anionic surfactants.
Liquid detergents work well in cold, dry, and hot water and reduce the effort taken to wash clothes, and improve the consumer's experience. In addition, the evolving consumer experience and rising demand for effective laundry solutions are expected to boost market progress during the upcoming years.
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Liquid Laundry Detergent Market Segmentation:
The market is segmented into household and industrial & institutional applications. The household segment holds the largest share, driven by rising washing machine usage in countries like India, China, and South Korea. Manufacturers are expanding in high-potential developed markets.
The industrial & institutional segment, including hotels, healthcare, and dry cleaning, is also growing steadily. The expanding hospitality and tourism sectors, along with increased hotel construction, are boosting demand for industrial detergents.
Highlights of the Report
The report provides a detailed analysis of the top segments and the latest trends in the market. It comprehensively discusses the driving and restraining factors and the impact of COVID-19 on the market. Additionally, it examines the regional developments and the strategies undertaken by the market's key players.
Drivers and Restraints
Robust Demand for Fully Automatic Washing Machine to Propel Market Progress
Rising awareness regarding the benefits of a washing machine is expected to boost demand for convenient consumer goods and appliances. The incorporation of these detergents improves washing quality and eliminates dust and other impurities present in clothes. It5 improves the consumer's convenience and improves time management. Liquid laundry detergents eliminate problems regarding fiber retention and color drains. The incorporation of liquid laundry detergents improves smoothness and provides an excellent washing experience in cold and hot water. It is easily washable and eliminates fiber formation and powder retention. These factors are likely to propel liquid laundry detergent market growth.
However, the harmful effects of the product on the environment are likely to hinder market progress.
Competitive Landscape
Prominent Companies Announce Hygiene Products to Boost Brand Image
The prominent companies operating in the market announce hygiene products to boost their brand image. For example, A German-based company named Henkel launched hygiene products for tackling the COVID-19 pandemic in May 2020. Further, the incorporation of research and development strategy enables companies to improve their product quality and satisfy consumers' demands. Further, major manufacturers focus on developing advanced production machinery to improve product quality, reduce labor costs, enhance productivity, boost operational efficiency and achieve organizational goals.
Industry Development
- May 2020: Lighting and Wipro Consumer Care launched Godrej Ezee 2 in 1 liquid detergent to expand their product portfolio.
List of Key Players Profiled in this Market Report
- Procter & Gamble (U.S.)
- Unilever (U.K.)
- Lion Corporation (Japan)
- KAO CORPORATION (Japan)
- Henkel AG & Co. KGaA (Germany)
- Church & Dwight Co., Inc. (U.S.)
- Reckitt Benckiser Group plc (U.K.)
- Wipro Consumer Care and Lighting (India)
- Seventh Generation Inc. (U.S.)
- Guangzhou Blue Moon Industrial Co., Ltd. (China)
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The global 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. According to a research report by Fortune Business Insights™ the global wood plastic composites 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.
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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.
Wood Plastic Composite Market Segmentation Analysis:
Decking Segment to Grow Rapidly Owing to High Demand from Construction Sector
Based on application, the decking segment held 55.55% wood plastic composites 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.
The Global Wood plastic composites Market Research/Analysis Report Contains Answers to your following Questions
- Which Manufacturing Technology is used? What Developments Are Going On in That Technology? Which Trends Are Causing These Developments?
- Who Are the Global Key Players in the Market? What are Their Company Profile, Their Product Information, and Contact Information?
- What Was Global Wood plastic composites Market Status of? What Was Capacity, Production Value, Cost and PROFIT?
- What Is Current Wood plastic composites Market Status? What’s Market Competition in This Industry, Both Company, and Country Wise? What’s Market Analysis by Taking Applications and Types in Consideration?
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:
- August 2018 : Alvic Plastics Limited was acquired by BSW Group. This new deal would aid BSW in broadening its product portfolio and production capacity. It would also enable the company to bring in diversification to increase its range of products.
- November 2015 : Vannplastic Limited, a prominent manufacturer of wood plastic composite was acquired by the Boral Epwin Group for an initial consideration of approximately USD 5.67 million. It would aid Boral in widening its line of low maintenance building materials.
Fortune Business Insights™ lists out all the manufacturers present in this market. They are as follows:
- Seven Trust (China)
- Meghmani Group (India)
- Beologic (Belgium)
- Trex Company, Inc. (U.S.)
- UFP Industries, Inc. (U.S.)
- Fiberon LLC (U.S.)
- Axion International, Inc. (U.S.)
- Josef Ehrler GmbH & Co KG (Germany)
- Croda International Plc (UK)
- CertainTeed (U.S.)
- Others
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