UAE Wood Plastic Composites Market Size & Outlook
UAE wood plastic composites market, 2018-2030 (US$M)
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UAE wood plastic composites market highlights
- An overview of the UAE wood plastic composites market trends heading towards 2030. The market in UAE generated a revenue of USD 10.6 million in 2021 and is expected to reach USD 21.4 million by 2030.
- The overall growth of the UAE market from 2021 to 2030. The UAE market is expected to grow at a CAGR of 8.1% from 2022 to 2030.
- A look at the UAE 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 10.6 million |
| Market revenue in 2030 | USD 21.4 million |
| Growth rate | 8.1% (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, UAE accounted for 0.2% 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 Middle East & Africa, Saudi Arabia wood plastic composites market is projected to lead the regional market in terms of revenue in 2030.
- Saudi Arabia is the fastest growing regional market in Middle East & Africa and is projected to reach USD 39.1 million by 2030.
Polyethylene was the largest segment with a revenue share of 65.09% in 2021. Horizon Databook has segmented the UAE wood plastic composites market based on polyethylene, polypropylene, polyvinylchloride covering the revenue growth of each sub-segment from 2018 to 2030.
Rise in government spending on infrastructure and rising demand for affordable & durable building & construction solutions in the region is expected to drive the demand for wood plastic composite over the forecast period.
The country’s government has taken efforts to drive in investments from foreign companies in order to increase the composites, consumer goods, automotive, and chemical manufacturing sectors, and thus give the country’s industrialization a push. This factor has caused the country to be among one of the best nations for business activity, as per the World Bank Group.
The government of UAE has taken steps in order to fund organizations manufacturing sustainable products. The funds assist the organizations to invest in R&D activities to come up with improvised wood plastic composite products. The rising demand from the well-established consumer goods sector is further expected to assist market growth over the forecast period.
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Wood Plastic Composites Market Scope
Wood Plastic Composites Market Companies
| Name | Profile | # Employees | HQ | Website |
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UAE wood plastic composites market
UAE Wood Plastic Composites Market Outlook Share, 2021 & 2030 (US$M)
UAE wood plastic composites market
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