Wood Plastic Composites Market Size & Share | Report

The Wood Plastic Composite Floorings Global Market Report 2023, provides comprehensive information on the wood plastic composite floorings market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.

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As per The Business Research Company’s Wood Plastic Composite Floorings Global Market Report 2023, 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%.

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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 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

North America was the largest region in the wood plastic composite floorings market in 2022.

The table of contents in TBRC’s wood plastic composite floorings market report includes:

1. Executive Summary
2. Wood Plastic Composite Floorings Market Characteristics
3. Wood Plastic Composite Floorings Market Trends And Strategies
4. Wood Plastic Composite Floorings Market – Macro Economic Scenario
5. Global Wood Plastic Composite Floorings Market Size and Growth

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32. Global Wood Plastic Composite Floorings Market Competitive Benchmarking
33. Global Wood Plastic Composite Floorings Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Wood Plastic Composite Floorings Market
35. Wood Plastic Composite Floorings Market Future Outlook and Potential Analysis
36. Appendix

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