Europe Wood Plastic Composites Market Size & Outlook
Europe wood plastic composites market, 2018-2030 (US$M)
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Europe wood plastic composites market highlights
- An overview of the Europe wood plastic composites market trends heading towards 2030. The Europe market generated a revenue of USD 804.0 million in 2021.
- The overall growth of the Europe market from 2021 to 2030. The market is expected to grow at a CAGR of 11.7% from 2022 to 2030.
- A look at the Europe 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.
- An overview of Europe market per country. Country-wise, UK is expected to register the highest CAGR from 2022 to 2030.
Europe data book summary
| Market revenue in 2021 | USD 804.0 million |
| Market revenue in 2030 | USD 2,174.3 million |
| Growth rate | 11.7% (CAGR from 2021 to 2030) |
| Largest segment | Polyethylene |
| Fastest growing segment | Polypropylene |
| Historical data covered | 2018 - 2020 |
| Base year for estimation | 2021 |
| Forecast period covered | 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, Europe region accounted for 14.0% of the global wood plastic composites market in 2021.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 4,931.8 million by 2030.
Polyethylene was the largest segment with a revenue share of 65.49% in 2021. Horizon Databook has segmented the Europe 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 in Europe is expected to grow at a steady rate owing to the stagnant demand from the end-use application segment. However, the growth of the automotive industry in the region, that uses wood plastic composites to manufacture interior & exterior trims is anticipated to propel the demand of the product over the forecast period.
The region has reached the stage of maturity in the wood plastic composite market, thereby expected to grow at a sluggish rate over the forecast period. The construction sector, a leading consumer of fiber reinforced polymer composites, is a major contributor to overall GDP in almost all countries in Europe.
The construction industry in the region is poised for growth due to factors such as increased household disposable income, low interest rates, and initiation of investment plans proposed by the European Union.
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Wood Plastic Composites Market Scope
Wood Plastic Composites Market Companies
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Europe Wood Plastic Composites Market Outlook Share, 2021 & 2030 (US$M)
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