The Business Research Company’s Wood Plastic Composite Floorings Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Wood Plastic Composite Floorings Global Market Report 2023 evaluates wood plastic composite floorings market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global wood plastic composite floorings market is expected to grow from $2.25 billion in 2022 to $2.40 billion in 2023 at a compound annual growth rate (CAGR) of 6.64%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and resulted in increased interest rates affecting many markets across the globe. The wood plastic composite floorings market is expected to reach $3.14 billion in 2027 at a CAGR of 6.98%.
The growing construction industry is expected to propel the growth of the wood-plastic composite flooring market going forward. Construction refers to constructing structures like homes, factories, highways, and bridges. Wood-plastic composite flooring is used in construction projects for both commercial and residential facilities due to its durability and adaptability. For instance, in November 2021, according to the Office for National Statistics, a UK-based Statistics Authority, the value of new construction work in Great Britain increased by 15.3% to reach $119,750 million in 2021 from $103,815 million in 2020. Therefore, the growing construction industry is driving the growth of the wood-plastic composite flooring market.
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The wood plastic composite floorings market segments in the report are:
1) By Type: Polyethylene, Polyvinylchloride, Polypropylene, Other Types
2) By Thickness: 4 MM, 5 MM, 5.5 MM, 6.5 MM, Above 8 MM
3) By Application: Commercial Buildings, Residential Buildings, Retail Outlets, Other Applications
The table of contents in TBRC’s wood plastic composite floorings market report includes:
- Executive Summary
- Wood Plastic Composite Floorings Market Characteristics
- Wood Plastic Composite Floorings Market Trends And Strategies
- Wood Plastic Composite Floorings Market – Macro Economic Scenario
5.1. Global Wood Plastic Composite Floorings Market Drivers and Restraints
- Wood Plastic Composite Floorings Market Segmentation
- Wood Plastic Composite Floorings Market Regional And Country Analysis
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- Brazil Wood Plastic Composite Floorings Market
- Middle East Wood Plastic Composite Floorings Market
- Africa Wood Plastic Composite Floorings Market
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