Switzerland Wood Plastic Composites Market Size & Outlook
Switzerland wood plastic composites market, 2018-2030 (US$M)
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Switzerland wood plastic composites market highlights
- An overview of the Switzerland wood plastic composites market trends heading towards 2030. The market in Switzerland generated a revenue of USD 20.1 million in 2021 and is expected to reach USD 45.8 million by 2030.
- The overall growth of the Switzerland market from 2021 to 2030. The Switzerland market is expected to grow at a CAGR of 9.5% from 2022 to 2030.
- A look at the Switzerland 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 20.1 million |
| Market revenue in 2030 | USD 45.8 million |
| Growth rate | 9.5% (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, Switzerland accounted for 0.3% 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 66.17% in 2021. Horizon Databook has segmented the Switzerland 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 Switzerland is expected to witness growth owing to the increasing renovation and maintenance activities for residential spaces and commercial buildings including hotels. The Switzerland is a highly mature market with less population and majority of its economy is generated through tourism, trade, and industrial manufacturing.
Rising demand for wood plastic composites in various structural applications in Switzerland including floor decking, wall sheathing, flat roofing, concrete formwork and external cladding is expected to have a positive impact on the industry growth over the forecast period.
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Wood Plastic Composites Market Scope
Wood Plastic Composites Market Companies
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Switzerland Wood Plastic Composites Market Outlook Share, 2021 & 2030 (US$M)
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