Australia Wood Plastic Composites Market Size & Outlook
Australia wood plastic composites market, 2018-2030 (US$M)
Related Markets
Australia wood plastic composites market highlights
- An overview of the Australia wood plastic composites market trends heading towards 2030. The market in Australia generated a revenue of USD 128.0 million in 2021 and is expected to reach USD 359.9 million by 2030.
- The overall growth of the Australia market from 2021 to 2030. The Australia market is expected to grow at a CAGR of 12.2% from 2022 to 2030.
- A look at the Australia market revenues per segment in 2021. In terms of segment, polyethylene was the largest revenue generating product in 2021.
- The segment witnessing the fastest revenue growth within the market. Polypropylene is the most lucrative product segment registering the fastest growth during the forecast period.
Wood plastic composites market data book summary
| Market revenue in 2021 | USD 128.0 million |
| Market revenue in 2030 | USD 359.9 million |
| Growth rate | 12.2% (CAGR from 2021 to 2030) |
| Largest segment | Polyethylene |
| Fastest growing segment | Polypropylene |
| Historical data | 2018 - 2020 |
| Base year | 2021 |
| Forecast period | 2022 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Polyethylene, Polypropylene, Polyvinylchloride |
| Key market players worldwide | Compagnie de Saint-Gobain SA, Fortune Brands Innovations Inc, FKuR, JM Holdings Co Ltd, TAMKO Building Products, Trex Co Inc, UFP Industries Inc, Advanced Environmental Recycling Technologies, Beologic, Polyplank, Timber Tech |
Other key industry trends
- In terms of revenue, Australia accounted for 2.2% of the global wood plastic composites market in 2021.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China wood plastic composites market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 867.4 million by 2030.
Polyethylene was the largest segment with a revenue share of 65.86% in 2021. Horizon Databook has segmented the Australia wood plastic composites market based on polyethylene, polypropylene, polyvinylchloride covering the revenue growth of each sub-segment from 2018 to 2030.
The wood plastic composite market in Australia is majorly dominated by building & construction application segment. The steady increase of the country’s construction sector coupled with the regional governments’ efforts to promote the use of bioplastics in construction activities is expected to propel the wood plastic composite market growth over the forecast period.
High density construction projects have witnessed an increase of 39.4% in the past five years in Australia. The growth for these kinds of projects has been concentrated in Melbourne, Southern Queensland, Perth, and Sydney. The growth in residential density construction projects is driven by government’s efforts to equip large areas with urban infrastructure.
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Wood Plastic Composites Market Scope
Wood Plastic Composites Market Companies
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Australia Wood Plastic Composites Market Outlook Share, 2021 & 2030 (US$M)
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