U.S. Wood Plastic Composites Market Size & Outlook
U.S. wood plastic composites market, 2018-2030 (US$M)
Related Markets
U.S. wood plastic composites market highlights
- An overview of the U.S. wood plastic composites market trends heading towards 2030. The market in U.S. generated a revenue of USD 2,449.5 million in 2021 and is expected to reach USD 6,283.4 million by 2030.
- The overall growth of the U.S. market from 2021 to 2030. The U.S. market is expected to grow at a CAGR of 11% from 2022 to 2030.
- A look at the U.S. 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 2,449.5 million |
| Market revenue in 2030 | USD 6,283.4 million |
| Growth rate | 11% (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, U.S. accounted for 42.5% 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 North America, U.S. wood plastic composites market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 490.7 million by 2030.
Polyethylene was the largest segment with a revenue share of 66.1% in 2021. Horizon Databook has segmented the U.S. wood plastic composites market based on polyethylene, polypropylene, polyvinylchloride covering the revenue growth of each sub-segment from 2018 to 2030.
The U.S. dominated the wood plastic composite market in North America in terms of production as well as demand. The demand is expected to grow over the forecast period owing to the rising application scope of wood plastic composite in manufacturing docks, porches, and window frames.
Growing demand for bio-based plastics in various applications including sheet pilling for landscaping and noise barrier in the street construction is expected to propel the market growth over the forecast period.
The automotive sector in North America is one of the biggest in the world. The U.S. is the second-largest producer of automobiles. The high market size and disposable income of consumers along with the ability of mass production and high product variation have boosted industry growth in the country.
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Wood Plastic Composites Market Scope
Wood Plastic Composites Market Companies
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U.S. Wood Plastic Composites Market Outlook Share, 2021 & 2030 (US$M)
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