Russia Wood Plastic Composites Market Size & Outlook
Russia wood plastic composites market, 2018-2030 (US$M)
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Russia wood plastic composites market highlights
- An overview of the Russia wood plastic composites market trends heading towards 2030. The market in Russia generated a revenue of USD 118.5 million in 2021 and is expected to reach USD 336.1 million by 2030.
- The overall growth of the Russia market from 2021 to 2030. The Russia market is expected to grow at a CAGR of 12.3% from 2022 to 2030.
- A look at the Russia 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 118.5 million |
| Market revenue in 2030 | USD 336.1 million |
| Growth rate | 12.3% (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, Russia accounted for 2.1% 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 65.74% in 2021. Horizon Databook has segmented the Russia wood plastic composites market based on polyethylene, polypropylene, polyvinylchloride covering the revenue growth of each sub-segment from 2018 to 2030.
The country witnessed a contraction in residential construction, manufacturing, mining, and industrial production due to political disruptions caused by Russia-Ukraine war, resulting in closure of all manufacturing facilities all over the country.
However, the country is expected to recover fast owing to its supporting government policies and strong economic growth. This in turn is anticipated to gradually add to the market growth on a positive note over the forecast period. The wood plastic composite market in Russia was valued at USD 149.0 million in 2023 and is expected to reach USD 336.1 million by 2030.
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Wood Plastic Composites Market Scope
Wood Plastic Composites Market Companies
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Russia Wood Plastic Composites Market Outlook Share, 2021 & 2030 (US$M)
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