Product Code: ETC8854964 | Publication Date: Sep 2024 | Updated Date: Jun 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Dhaval Chaurasia | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The wood plastic composites market in the Philippines is gaining momentum as a versatile and eco-friendly alternative to traditional timber. These materials, made from recycled wood fibers and plastics, are widely used in decking, fencing, railing, and indoor/outdoor furniture. The market is supported by the construction boom and rising consumer interest in durable, low-maintenance building materials. Local manufacturers are expanding capacity to meet domestic demand, while importers cater to the high-end segment. Sustainability trends and innovations in composite materials are expected to fuel further market expansion.
The WPC market is growing in the Philippines as these materials are used in decking, cladding, fencing, and outdoor furniture. Their low maintenance, durability, and aesthetic appeal are strong selling points. Demand is driven by real estate developments, while environmental concerns push for increased use of recycled plastics and sustainable wood fibers.
The WPC market faces competition from both pure plastic and natural wood products. Local awareness of WPC benefits is low, and production costs remain high due to limited local availability of composite-grade raw materials. The market also lacks standards and certification systems, affecting buyer confidence.
Wood plastic composites are emerging as sustainable alternatives to traditional wood, especially in construction and outdoor applications. Investment in WPC manufacturing can capitalize on increasing environmental regulations and demand for low-maintenance materials. Market potential is boosted by infrastructure projects and green building trends.
The government supports innovation in composite materials like WPC through industrial policies aimed at sustainable manufacturing and waste reduction. Research grants and incentives promote the development of environmentally friendly composites that reduce dependence on pure wood, aligning with the national agenda on circular economy and sustainable resource use.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Philippines Wood Plastic Composites (WPC) Market Overview |
3.1 Philippines Country Macro Economic Indicators |
3.2 Philippines Wood Plastic Composites (WPC) Market Revenues & Volume, 2021 & 2031F |
3.3 Philippines Wood Plastic Composites (WPC) Market - Industry Life Cycle |
3.4 Philippines Wood Plastic Composites (WPC) Market - Porter's Five Forces |
3.5 Philippines Wood Plastic Composites (WPC) Market Revenues & Volume Share, By Plastic Material, 2021 & 2031F |
3.6 Philippines Wood Plastic Composites (WPC) Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Philippines Wood Plastic Composites (WPC) Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Philippines Wood Plastic Composites (WPC) Market Trends |
6 Philippines Wood Plastic Composites (WPC) Market, By Types |
6.1 Philippines Wood Plastic Composites (WPC) Market, By Plastic Material |
6.1.1 Overview and Analysis |
6.1.2 Philippines Wood Plastic Composites (WPC) Market Revenues & Volume, By Plastic Material, 2021- 2031F |
6.1.3 Philippines Wood Plastic Composites (WPC) Market Revenues & Volume, By Polyethylene (PE), 2021- 2031F |
6.1.4 Philippines Wood Plastic Composites (WPC) Market Revenues & Volume, By Polypropylene (PP), 2021- 2031F |
6.1.5 Philippines Wood Plastic Composites (WPC) Market Revenues & Volume, By Polystyrene (PS), 2021- 2031F |
6.1.6 Philippines Wood Plastic Composites (WPC) Market Revenues & Volume, By Polyvinyl chloride (PVC), 2021- 2031F |
6.1.7 Philippines Wood Plastic Composites (WPC) Market Revenues & Volume, By Other Plastic Materials, 2021- 2031F |
6.2 Philippines Wood Plastic Composites (WPC) Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Philippines Wood Plastic Composites (WPC) Market Revenues & Volume, By Building & Construction Products Decking, 2021- 2031F |
6.2.3 Philippines Wood Plastic Composites (WPC) Market Revenues & Volume, By Automotive Parts, 2021- 2031F |
6.2.4 Philippines Wood Plastic Composites (WPC) Market Revenues & Volume, By Industrial, 2021- 2031F |
6.2.5 Philippines Wood Plastic Composites (WPC) Market Revenues & Volume, By Consumer Goods, 2021- 2031F |
6.2.6 Philippines Wood Plastic Composites (WPC) Market Revenues & Volume, By Furniture, 2021- 2031F |
6.2.7 Philippines Wood Plastic Composites (WPC) Market Revenues & Volume, By Other Application, 2021- 2031F |
7 Philippines Wood Plastic Composites (WPC) Market Import-Export Trade Statistics |
7.1 Philippines Wood Plastic Composites (WPC) Market Export to Major Countries |
7.2 Philippines Wood Plastic Composites (WPC) Market Imports from Major Countries |
8 Philippines Wood Plastic Composites (WPC) Market Key Performance Indicators |
9 Philippines Wood Plastic Composites (WPC) Market - Opportunity Assessment |
9.1 Philippines Wood Plastic Composites (WPC) Market Opportunity Assessment, By Plastic Material, 2021 & 2031F |
9.2 Philippines Wood Plastic Composites (WPC) Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Philippines Wood Plastic Composites (WPC) Market - Competitive Landscape |
10.1 Philippines Wood Plastic Composites (WPC) Market Revenue Share, By Companies, 2024 |
10.2 Philippines Wood Plastic Composites (WPC) Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |