Wood-Plastic Composites Companies (2022-2023) Along With Major Strategic Developments
Competitive Analysis
Wood–plastic composite companies have adopted several strategies, such as partnerships, product launches and geographical expansions to maintain their leading position in the market. In 2023, the industry’s top five players were Trex Company Inc., Oldcastle APG Inc. (MoistureShield), UFP Industries Inc, FIBERON, and The AZEK Company Inc. (TimberTech). Further, several other companies are involved in pre-processing of the raw materials, such as composite components, and in the innovation of novel WPCs products, which is expected to foster market growth.
Top 5 Wood–Plastic Composites Companies:
- Trex Company Inc .
- Oldcastle APG Inc. (MoistureShield)
- UFP Industries Inc
- FIBERON
- The AZEK Company Inc. (TimberTech)
Wood-Plastic Composites Players:
- Trex Company, Inc.
- Oldcastle APG Inc. (MoistureShield)
- UFP Industries Inc.
- FIBERON
- The AZEK Company Inc. (TimberTech)
- BEOLOGIC
- FKuR Kunststoff GmbH
- Green Dot Bioplastics Inc
- JELU-WERK J. Ehrler GmbH & Co. KG
- Advanced Environmental Recycling Technologies Inc. (AERT)
- B&F Plastics Inc.
- Guangzhou Kindwood Co. Ltd.
- Shanghai Seven Trust Industry Co. Ltd.
- Renolit SE
- Nanjing Jufeng Advanced Materials Co. Ltd.
- Yixing Hualong Wood Plastics New Material Co. Ltd.
- Anhui Guofeng Wood-Plastic Composite Co. Ltd.
- NewTechWood
- Haoxuan Wood Plastic Composite Co. Ltd.
- NOVO-TECH Trading GmbH & Co. KG
Wood-Plastic Composite Companies News
- In February 2023, Trex Company Inc. introduced Trex Signature decking, a WPC-based decking material with enhanced beauty, performance, and sustainability, in target markets across the West Coast, Northeast, and Mid-Atlantic regions of the U.S.
- In November 2022, Fiberon announced plans to partner with Hixson Lumber Company, to work with top-tier distributors in the key markets of Arkansas, Louisiana, Oklahoma, and Texas, which represent a significant growth opportunity for the business.
- In October 2022, Huttig Building Products, a woodgrain company; and Fiberon entered into a distribution partnership to support Fiberon’s sustained growth in the outdoor living space and significant distribution network expansion in the Southeastern region of the U.S.
- In February 2022, MoistureShield, a division of Oldcastle APG, launched MoistureShield Cladding to meet the increasing demand for aesthetic and high-performance outdoor solutions with increased strength, durability, and detailing.
- In December 2020, UFP Industries Inc. acquired PalletOne to become a major supplier of industrial packaging and pressure-treated lumber.
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