Lucintel Forecasts The Global Wood Plastic Composites Market To Reach $6 Billion By 2030

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According to a market report by Lucintel, the future of the global wood plastic composites market looks promising with opportunities in athletic and non-athletic shoes. The global wood plastic composites market is expected to reach an estimated $6 billion by 2030 from $5 billion in 2023, at a CAGR of 2% from 2023 to 2030. The major drivers for this market are increasing demand from construction applications due to its better mechanical properties.
Browse 72 figures/charts and 51 tables in this 125-page report to understand trends, opportunity and forecast in wood plastic composites market to 2030 by application (construction, automotive, industrial and consumer goods, and others), type (polyethylene, polypropylene, poly vinyl chloride and others), process (extrusion, injection molding, compression molding, and others), and region (North America, Europe, Asia Pacific, and Rest of the World).
Lucintel forecasts that polyethylene will remain the largest type segment over the forecast period due to its increasing use in composite, concrete, metal, and wood pole to support conductors along transmission and distribution ...
... lines.
Construction is expected to be the largest material by value and volume due to the increasing requirement of durable, termite, and water resistance, low maintenance, and weather resistance properties for construction end use.
Asia Pacific is expected to remain the largest region over the forecast period due to the tremendous economic growth in China and India.
Download sample by clicking on wood plastic composites market
Trex, MoistureSheild, Axion Structural Innovation LLC, Beologic, and Fibersonare the major suppliers in the wood plastic composites market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1 972.636.5056
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