m105 wood-plastic composites in europe page 3 background to the study growth in the european wood-plastic composites market averaged 23% per year 2003 and 2007. this means that the market grew in that period ten times as fast as the plastics industry as a whole in this region, although rates do vary by country and by polymer.
natural fibre composites in the european union in 2012 new market and trend report published the most important application sectors are construction (decking, siding and fencing) and automotive interior parts. between 10 15% of the total european composite market is covered by wood-plastic composites
additionally, increasing recycling rate of plastic wastes in europe is expected to offer huge opportunity for the wood plastic composite market. the market has been segmented on the basis of following application - decking, auto-interior parts, siding and fencing, technical applications, furniture, and consumer goods.
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the european wood plastic composite market is expected to witness healthy growth, at an estimated cagr of 10.15% over the period, 2019-2024. one of the major factors driving the growth of the market studied is the rising demand for wood-plastic composite in domestic constructions, owing to its characteristics and increasing construction
wood fibre offers a weight reduction for the composite, which can be an important factor in transport costs. after more than 30 years of market development, in 2010 global wood-plastic composite production reached 1.5 million extruded tonnes, which would mean, with an average wood share