Global Wood Plastic Composites: Strategic Business Report 2023: Increased Activities of Remodeling and Renovation to Propel Growth

Dublin, April 17, 2023 (GLOBE NEWSWIRE) -- The "Wood Plastic Composites: Global Strategic Business Report" report has been added to's offering.

The global market for Wood Plastic Composites estimated at US$5.7 Billion in the year 2022, is projected to reach a revised size of US$13.4 Billion by 2030, growing at a CAGR of 11.3% over the analysis period 2022-2030.

Polyethylene, one of the segments analyzed in the report, is projected to record a 12% CAGR and reach US$8.7 Billion by the end of the analysis period.

Taking into account the ongoing post pandemic recovery, growth in the Polypropylene segment is readjusted to a revised 10.9% CAGR for the next 8-year period.

The U.S. Market is Estimated at $1.5 Billion, While China is Forecast to Grow at 15.7% CAGR

The Wood Plastic Composites market in the U.S. is estimated at US$1.5 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$2.5 Billion by the year 2030 trailing a CAGR of 15.7% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 8.1% and 9.8% respectively over the 2022-2030 period.

Within Europe, Germany is forecast to grow at approximately 9.1% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$2.2 Billion by the year 2030.

Select Competitors (Total 118 Featured) -

  • AIMPLAS Instituto Tecnologico del Plastico
  • CertainTeed Corporation
  • Dow
  • Fiberon LLC
  • FKuR Kunststoff GmbH
  • Fortune Brands Home & Security
  • JELU-WERK J. Ehrler GmbH & Co. KG
  • NewTechWood Company Limited
  • Oldcastle APG, Inc.
  • Renolit SE
  • TimberTech by AZEK Building Products
  • Trex Company, Inc.
  • UFP Industries, Inc.

Key Attributes:

Report AttributeDetails
No. of Pages502
Forecast Period2022 - 2030
Estimated Market Value (USD) in 2022$5.7 Billion
Forecasted Market Value (USD) by 2030$13.4 Billion
Compound Annual Growth Rate11.3%
Regions CoveredGlobal

Key Topics Covered:




  • Impact of COVID-19 Pandemic and Looming Global Recession
  • Year 2021 in Review and Near-term Outlook
  • Prolonged Pandemic, Ukraine-Russia Conflict and Ensuing Economic Disruptions Impact Growth Outlook
  • World Economic Growth Projections (Real GDP, Annual % Change) for the Years 2021, 2022 and 2023
  • COVID-19-Led Economic Downturn Weighs on Construction Sector, Affecting Wood Plastic Composites Market
  • World Construction Industry (in US$ Trillion) for the Years 2017, 2019 & 2022
  • An Introduction to Wood Plastic Composites (WPC)
  • Manufacturing Wood Composite Plastics
  • Major Applications of WPCs
  • Global Market Prospects & Outlook
  • Polyethylene: The Widely Used Material
  • Building & Construction Dominates the WPC Market
  • Developed Regions Lead WPC Market
  • Competition
  • Wood Plastic Composites - Global Key Competitors Percentage Market Share in 2021 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2021 (E)
  • World Brands
  • Recent Market Activity



  • Wood Plastic Composites Market: Trends Creating Ideal Roadmap for Tomorrow
  • Versatile Nature of WPCs Benefits Market Growth
  • Building & Construction Application to Spur Demand for Wood Plastic Composites
  • Trends in the Construction Industry Influence Market Uptake
  • Increased Activities of Remodeling and Renovation to Propel the Growth
  • Global Remodeling Market (in US$ Trillion) for the Years 2017, 2019, 2021, 2023 and 2025
  • Rising Lumber Prices Increases Popularity of Wood Composite Decking
  • Composite Decking as a Good Alternative to Wood Decks
  • Home Improvement Projects & Interest in DIY Stimulate Composite Decking Demand amid COVID-19
  • Serious Efforts by Composite Vendors to Push Share
  • Technological Advancements Augment Functional and Design Attributes
  • Consumer Focus on Environment-Friendly Fencing Options Propel Demand for WPC Fencing Products
  • Plastic Fencing Market by Material (in %) for 2022
  • Rapid Urbanization and Focus on Environmental Conservation Provides Opportunities for WPCs Market
  • World Population (in Thousands) by Geographic Region for the Years 2019, 2030, 2050, and 2100
  • World Urban Population in Thousands: 1950-2050P
  • Wood Plastic Composites (WPC) Emerge as Ideal Green Building Materials
  • Shift towards Green Buildings Presents Opportunities for WPCs Market: Global Green Buildings Market (in US$ Billion) for the Years 2020, 2022, 2024 and 2026
  • Wood Plastic Composites: Materials with Promising Applications in Furniture Industry
  • Wood Plastic Composite Floorings Market: A Glance at Drivers Setting Perfect Stage for Expansion
  • Rising Emphasis on Using Recyclable Materials in Automotive Industry Bodes Well for the Market
  • World Automobile Production in Million Units: 2008-2022
  • Innovations in Wood-Based Composites: Promoting Sustainable Future
  • Advancements in Wood Composites: A Review
  • New Wood Plastic Composite (WPC) Material Holds Promise
  • Researchers Improve WPCs with Graphene
  • Particle Size Plays a Vital Role in Wood Plastic Composites
  • Processing Factors Influencing for Wood-Plastic Composites
  • Challenges Facing WPC Market




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Global Market for Wood Plastic Composites

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