The Wood Plastic Composite Floorings Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
Learn More On The Wood Plastic Composite Floorings Market:
According to The Business Research Company’s Wood Plastic Composite Floorings Global Market Report 2024, The wood plastic composite floorings market size has grown strongly in recent years. It will grow from $2.4 billion in 2023 to $2.56 billion in 2024 at a compound annual growth rate (CAGR) of 7.0%. The growth in the historic period can be attributed to growth of construction and furniture industry, increased construction activities in various regions, rising investments in the global construction industry, emphasis on effective pricing strategies by manufacturers, increased disposable income.
The wood plastic composite floorings market size is expected to see strong growth in the next few years. It will grow to $3.4 billion in 2028 at a compound annual growth rate (CAGR) of 7.3%. The growth in the forecast period can be attributed to rising demand for affordable and durable flooring solutions, growing awareness about the benefits of wood plastic composite floorings, rising residential sector, increasing urbanization, global population. Major trends in the forecast period include eco-friendly and sustainable flooring solutions, technological advancements in wood plastic composite flooring manufacturing, product customization, innovative product launches.
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.
Get A Free Sample Of The Report (Includes Graphs And Tables):
https://www.thebusinessresearchcompany.com/sample.aspx?id=12661&type=smp
The wood plastic composite floorings market covered in this report is segmented –
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
Product innovations are a key trend gaining popularity in the wood plastic composite floorings market. Major companies operating in the wood plastic composite floorings market are adopting innovative products to sustain their position in the market. For instance, in September 2021, Cali Bamboo LLC, a US-based omnichannel flooring and building products company, launched Legends, a new thicker vinyl plank. The latest flooring line offers installers and homeowners a plank that is as real-looking as it is comfortable. Legends stand out due to its robust WPC core and complete half-inch thickness. Legends are 100% waterproof and click-locks for simple installation in any space without glue or nails. With a 20-mil pet-friendly wear layer, cleaning is simple, and scratch resistance is improved. Additionally, certified by FloorScore (indoor air quality (IAQ) certification standard) and supported by a 50-year home guarantee, planks.
The wood plastic composite floorings market report table of contents includes:
- Executive Summary
- Vascular Embolization Market Characteristics
- Vascular Embolization Market Trends And Strategies
- Vascular Embolization Market - Macro Economic Scenario
- Global Vascular Embolization Market Size and Growth
.
.
.
- Global Vascular Embolization Market Competitive Benchmarking
- Global Vascular Embolization Market Competitive Dashboard
- Key Mergers And Acquisitions In Vascular Embolization Market
- Vascular Embolization Market Future Outlook and Potential Analysis
- Appendix
Top Major Players :
- Shenzhen GEM HI-TECH Co.
- Trex Company Inc.
- LL Flooring Holdings
- Mannington Mills Inc.
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: [email protected]
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
The research report includes specific segments by region (country), by company, by Type and by Application.
This study provides information about the sales and revenue during the historic and forecasted period of 2015 to 2026.
Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Download FREE Sample of this Report @ https://www.24chemicalresearch.com/download-sample/62083/global-wood-plastic-composite-floorings-2020-408Segment by Thickness, the Wood Plastic Composite (WPC) Floorings market is segmented into:4mm5mm5.5mm6.5mm8mmSegment by Application:CommercialResidentialGlobal Wood Plastic Composite (WPC) Floorings Market: Regional AnalysisThe Wood Plastic Composite (WPC) Floorings market is analysed and market size information is provided by regions (countries).
The report includes country-wise and region-wise market size for the period 2015-2026.
It also includes market size and forecast by Thickness and by Application segment in terms of sales and revenue for the period 2015-2026.The key regions covered in the Wood Plastic Composite (WPC) Floorings market report are:North AmericaU.S.CanadaEuropeGermanyFranceU.K.ItalyRussiaAsia-PacificChinaJapanSouth KoreaIndiaAustraliaTaiwanIndonesiaThailandMalaysiaPhilippinesVietnamLatin AmericaMexicoBrazilArgentinaMiddle East & AfricaTurkeySaudi ArabiaUAEGlobal Wood Plastic Composite (WPC) Floorings Market: Competitive AnalysisThis section of the report identifies various key manufacturers of the market.
