UK Wood Plastic Composites Market Size & Outlook
UK wood plastic composites market, 2018-2030 (US$M)
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UK wood plastic composites market highlights
- An overview of the UK wood plastic composites market trends heading towards 2030. The market in UK generated a revenue of USD 143.5 million in 2021 and is expected to reach USD 418.6 million by 2030.
- The overall growth of the UK market from 2021 to 2030. The UK market is expected to grow at a CAGR of 12.6% from 2022 to 2030.
- A look at the UK 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 143.5 million |
| Market revenue in 2030 | USD 418.6 million |
| Growth rate | 12.6% (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, UK accounted for 2.5% 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 65.23% in 2021. Horizon Databook has segmented the UK wood plastic composites market based on polyethylene, polypropylene, polyvinylchloride covering the revenue growth of each sub-segment from 2018 to 2030.
Polyethylene was the largest product segment for wood plastic composite industry in the UK. Rising demand for wood plastic composite for manufacturing of automotive components and furniture is expected to drive the demand for wood plastic composite over the forecast period.
The UK construction industry is witnessing slow growth since Brexit, owing to increasing political uncertainty, which has resulted in a sustained drop in new construction assignments. The rising political uncertainty in the country is resulting in a sustained drop in new construction projects.
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Wood Plastic Composites Market Scope
Wood Plastic Composites Market Companies
| Name | Profile | # Employees | HQ | Website |
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UK wood plastic composites market
UK Wood Plastic Composites Market Outlook Share, 2021 & 2030 (US$M)
UK wood plastic composites market
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