Insights Into The Wood Plastic Composite Floorings Market’s Growth Potential 2024-2033
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033
The wood plastic composite floorings market, valued at $2.4 billion in 2023, will grow to $2.56 billion in 2024, with a CAGR of 7.0%. Increased construction activities and rising disposable income drive this growth. Forecasts indicate growth to $3.4 billion by 2028, fueled by demand for durable flooring solutions and urbanization trends, with innovations in manufacturing and product customization.
The wood-plastic composite flooring market is expected to expand alongside the growing construction industry. Increased construction activities drive the demand for durable and versatile flooring solutions.
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What Are The Key Trends That Influence Wood Plastic Composite Floorings Market Share Analysis?
Product innovations are a significant trend in the wood plastic composite floorings market. Major companies are introducing innovative products to maintain their market positions. For instance, in September 2021, Cali Bamboo LLC, a US-based company, launched Legends, a new thicker vinyl plank flooring. Known for its realism and comfort, Legends features a robust WPC core and half-inch thickness. It is 100% waterproof, click-lock installation, and pet-friendly with a 20-mil wear layer. Legends is FloorScore certified for indoor air quality and backed by a 50-year home guarantee.
Which Market Players Are Driving Growth In The Wood Plastic Composite Floorings Market?
Major companies operating in the wood plastic composite floorings market report are Shenzhen GEM HI-TECH Co., Trex Company Inc., LL Flooring Holdings, Mannington Mills Inc., Armstrong Flooring Inc., Spectra Contract Flooring, Cali Bamboo LLC, Dalton Carpet One, 50 Floor, US Floors LLC, MP Global Products LLC, TimberTech, Spartan Surfaces, C-K Composites Co. LLC, ARCAT Inc., Homecrest Outdoor Living, Republic Floor LLC, Parterre Flooring and Surface Systems LLC, Parterre Flooring Systems, Anhui Sentai WPC Group, Shaw Contract Flooring Services Inc., Floor & Decor Holdings Inc., NewTechWood America Inc., Slaughterbeck Floors Inc., Deckorators Inc.
How Is The Global Wood Plastic Composite Floorings Market Segmented?
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
Read The Full Wood Plastic Composite Floorings Market Report Here
The Wood Plastic Composite Floorings Global Market Report 2024 provides an overview of the wood plastic composite flooringsmarket for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The wood plastic composite floorings market forecast analyzes wood plastic composite floorings market size, wood plastic composite floorings market share, leading competitor and their market positions.
The Table Of Content For The Wood Plastic Composite Floorings Market Include
1. Wood Plastic Composite Floorings Market Executive Summary
2. Wood Plastic Composite Floorings Market Segments
3. Wood Plastic Composite Floorings Market Size And Template Market Growth Rate
4. Key Wood Plastic Composite Floorings Market Trends
5. Major Wood Plastic Composite Floorings Market Drivers
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25. Key Mergers And Acquisitions In The Wood Plastic Composite Floorings Market
26. Top Wood Plastic Composite Floorings Companies
27. Wood Plastic Composite Floorings Market Opportunities And Strategies
28. Wood Plastic Composite Floorings Market, Conclusions And Recommendations
29. Appendix
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