China Wood Plastic Composites Market Size & Outlook
China wood plastic composites market, 2018-2030 (US$M)
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China wood plastic composites market highlights
- An overview of the China wood plastic composites market trends heading towards 2030. The market in China generated a revenue of USD 768.1 million in 2021 and is expected to reach USD 2,215.4 million by 2030.
- The overall growth of the China market from 2021 to 2030. The China market is expected to grow at a CAGR of 12.5% from 2022 to 2030.
- A look at the China 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 768.1 million |
| Market revenue in 2030 | USD 2,215.4 million |
| Growth rate | 12.5% (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, China accounted for 13.3% 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 66.22% in 2021. Horizon Databook has segmented the China wood plastic composites market based on polyethylene, polypropylene, polyvinylchloride covering the revenue growth of each sub-segment from 2018 to 2030.
China dominated the wood plastic composite market in 2023, in Asia-Pacific, owing to high growth of application industries specially building & construction. In addition, increasing consumer goods industry in the country is anticipated to propel the product demand.
The country is one of the major exporters of wood plastic composite products to the international markets of the U.S. and Europe, owing to the high production volume capacities of Chinese WPC manufacturers.
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Wood Plastic Composites Market Scope
Wood Plastic Composites Market Companies
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China Wood Plastic Composites Market Outlook Share, 2021 & 2030 (US$M)
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