Italy Wood Plastic Composites Market Size & Outlook
Italy wood plastic composites market, 2018-2030 (US$M)
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Italy wood plastic composites market highlights
- An overview of the Italy wood plastic composites market trends heading towards 2030. The market in Italy generated a revenue of USD 56.7 million in 2021 and is expected to reach USD 145.8 million by 2030.
- The overall growth of the Italy market from 2021 to 2030. The Italy market is expected to grow at a CAGR of 11.1% from 2022 to 2030.
- A look at the Italy 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 56.7 million |
| Market revenue in 2030 | USD 145.8 million |
| Growth rate | 11.1% (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, Italy accounted for 1.0% 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 65.78% in 2021. Horizon Databook has segmented the Italy wood plastic composites market based on polyethylene, polypropylene, polyvinylchloride covering the revenue growth of each sub-segment from 2018 to 2030.
The demand for wood plastic composite in Italy is primarily driven by building & construction and consumer goods applications. rising demand for biodegradable and easily recyclable materials in construction applications is expected to be a key driver for market growth over the forecast period.
Italy is the fourth largest automotive market in Europe after Germany, the UK, and France. The automotive industry in Italy is mainly concentrated in the Piedmont region. The region has over 50% of the 2,600 companies (with 170,000 employees) present in the Italian automotive sector.
In 2023, Italian manufacturers held over 29% of the global passenger vehicles market. These factors are expected to have a positive impact on the wood plastic composite market growth over the forecast period.
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Wood Plastic Composites Market Scope
Wood Plastic Composites Market Companies
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Italy Wood Plastic Composites Market Outlook Share, 2021 & 2030 (US$M)
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