Egypt Wood Plastic Composites Market Size & Outlook
Egypt wood plastic composites market, 2018-2030 (US$M)
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Egypt wood plastic composites market highlights
- An overview of the Egypt wood plastic composites market trends heading towards 2030. The market in Egypt generated a revenue of USD 5.6 million in 2021 and is expected to reach USD 10.4 million by 2030.
- The overall growth of the Egypt market from 2021 to 2030. The Egypt market is expected to grow at a CAGR of 7.2% from 2022 to 2030.
- A look at the Egypt 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 5.6 million |
| Market revenue in 2030 | USD 10.4 million |
| Growth rate | 7.2% (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, Egypt accounted for 0.1% 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 Middle East & Africa, Saudi Arabia wood plastic composites market is projected to lead the regional market in terms of revenue in 2030.
- Saudi Arabia is the fastest growing regional market in Middle East & Africa and is projected to reach USD 39.1 million by 2030.
Polyethylene was the largest segment with a revenue share of 64.29% in 2021. Horizon Databook has segmented the Egypt wood plastic composites market based on polyethylene, polypropylene, polyvinylchloride covering the revenue growth of each sub-segment from 2018 to 2030.
The country’s expanding population and urbanization is expected to lead to a persistent need for infrastructural development. The government is focusing more on infrastructure to improve trade competitiveness and cope with the exponential growth.
Many special economic zones (SEZs) are being set up in Egypt owing to the growing demand for commercial office spaces by multinational companies & IT hubs. The rapidly growing population, their increasing income, and the organized retail sector have witnessed significant growth in recent years as young consumers adopt luxurious consumer goods to conform to higher standards of living.
These factors are expected to positively drive the food & beverages, consumer goods, and automotive industries and thereby the demand for wood plastic composites over the forecast period.
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Wood Plastic Composites Market Scope
Wood Plastic Composites Market Companies
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Egypt Wood Plastic Composites Market Outlook Share, 2021 & 2030 (US$M)
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