PUBLISHER: Lucintel | PRODUCT CODE: 1418171
PUBLISHER: Lucintel | PRODUCT CODE: 1418171
Wood Plastic Composite Floorings Trends and Forecast
The future of the global wood plastic composite floorings market looks promising with opportunities in the commercial building, residential building, and retail outlet markets. The global wood plastic composite floorings market is expected to reach an estimated $3.3 billion by 2030 with a CAGR of 6.8% from 2024 to 2030. The major drivers for this market are increasing demand for sustainable and durable flooring materials, rapid adoption of advanced production techniques, as well as, rising urbanization and development of smart city projects.
A more than 150-page report is developed to help in your business decisions.
Wood Plastic Composite Floorings by Segment
The study includes a forecast for the global wood plastic composite floorings by type, application, and region.
List of Wood Plastic Composite Floorings Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies wood plastic composite floorings companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the wood plastic composite floorings companies profiled in this report include-
Wood Plastic Composite Floorings Market Insights
Lucintel forecasts that 5.5 mm is expected to witness the highest growth over the forecast period because it is often used in the design of residential and retail outlets, as well as commercial building projects.
APAC will remain the largest region over the forecast period due to rapid urbanization and rising disposable incomes, leading to a growing demand for housing and renovations in the region.
Features of the Global Wood Plastic Composite Floorings Market
Market Size Estimates: Wood plastic composite floorings market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Wood plastic composite floorings market size by type, application, and region in terms of value ($B).
Regional Analysis: Wood plastic composite floorings market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different type, application, and regions for the wood plastic composite floorings market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the wood plastic composite floorings market.
Analysis of competitive intensity of the industry based on Porter's Five Forces model.
FAQ
Q1. What is the wood plastic composite floorings market size?
Answer: The global wood plastic composite floorings market is expected to reach an estimated $3.3 billion by 2030.
Q2. What is the growth forecast for wood plastic composite floorings market?
Answer: The global wood plastic composite floorings market is expected to grow with a CAGR of 6.8% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the wood plastic composite floorings market?
Answer: The major drivers for this market are increasing demand for sustainable and durable flooring materials, rapid adoption of advanced production techniques, as well as, rising urbanization and development of smart city projects.
Q4. What are the major segments for wood plastic composite floorings market?
Answer: The future of the global wood plastic composite floorings market looks promising with opportunities in the commercial building, residential building, and retail outlet markets.
Q5. Who are the key wood plastic composite floorings market companies?
Answer: Some of the key wood plastic composite floorings companies are as follows.
Q6. Which wood plastic composite floorings market segment will be the largest in future?
Answer: Lucintel forecasts that 5.5 mm is expected to witness the highest growth over the forecast period because it is often used in the design of residential and retail outlets, as well as commercial building projects.
Q7. In wood plastic composite floorings market, which region is expected to be the largest in next 5 years?
Answer: APAC will remain the largest region over the forecast period due to rapid urbanization and rising disposable incomes, leading to a growing demand for housing and renovations in the region.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.