Germany Wood Plastic Composites Market Size & Outlook
Germany wood plastic composites market, 2018-2030 (US$M)
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Germany wood plastic composites market highlights
- An overview of the Germany wood plastic composites market trends heading towards 2030. The market in Germany generated a revenue of USD 176.6 million in 2021 and is expected to reach USD 493.1 million by 2030.
- The overall growth of the Germany market from 2021 to 2030. The Germany market is expected to grow at a CAGR of 12.1% from 2022 to 2030.
- A look at the Germany 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 176.6 million |
| Market revenue in 2030 | USD 493.1 million |
| Growth rate | 12.1% (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, Germany accounted for 3.1% 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 Europe, Germany wood plastic composites market is projected to lead the regional market in terms of revenue in 2030.
- UK is the fastest growing regional market in Europe and is projected to reach USD 418.6 million by 2030.
Polyethylene was the largest segment with a revenue share of 65.46% in 2021. Horizon Databook has segmented the Germany wood plastic composites market based on polyethylene, polypropylene, polyvinylchloride covering the revenue growth of each sub-segment from 2018 to 2030.
The market for wood plastic composite in Germany is expected to ascend at a slow rate owing to the maturity of the market. however, rising construction activities coupled with the rising preference of private housing for smaller families in the region is anticipated to propel the construction industry growth, thereby adding growth to the wood plastic composite products that are used in residential application segment.
In addition, rising electric vehicle adopting in the German market is expected to raise demand for WPC products including trims and additional shelves is expected to drive the market growth on a positive note.
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Wood Plastic Composites Market Scope
Wood Plastic Composites Market Companies
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Germany Wood Plastic Composites Market Outlook Share, 2021 & 2030 (US$M)
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