Thailand Wood Plastic Composites Market Size & Outlook
Thailand wood plastic composites market, 2018-2030 (US$M)
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Thailand wood plastic composites market highlights
- An overview of the Thailand wood plastic composites market trends heading towards 2030. The market in Thailand generated a revenue of USD 64.2 million in 2021 and is expected to reach USD 165.4 million by 2030.
- The overall growth of the Thailand market from 2021 to 2030. The Thailand market is expected to grow at a CAGR of 11.1% from 2022 to 2030.
- A look at the Thailand 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 64.2 million |
| Market revenue in 2030 | USD 165.4 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, Thailand accounted for 1.1% 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 Asia Pacific, China wood plastic composites market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 867.4 million by 2030.
Polyethylene was the largest segment with a revenue share of 65.58% in 2021. Horizon Databook has segmented the Thailand wood plastic composites market based on polyethylene, polypropylene, polyvinylchloride covering the revenue growth of each sub-segment from 2018 to 2030.
Thailand is known to promote good health and wellness and is well known tourist destinations. The country ranks among the top 10 tourist destinations in the world. This factor has resulted in high hospitality, food service, and healthcare sectors to be well-established.
The well-established healthcare and hospitality sector has led to a rise in demand for decking, fencing, consumer goods, and siding, thereby fueling the growth of WPC market.
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Wood Plastic Composites Market Scope
Wood Plastic Composites Market Companies
| Name | Profile | # Employees | HQ | Website |
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Thailand Wood Plastic Composites Market Outlook Share, 2021 & 2030 (US$M)
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