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【English Market Research Report】Global Market for Wood Plastic Composites

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The global wood-plastic composites market size is projected to grow at a CAGR of 9.6% during the forecast period, reaching USD 12.5 billion by 2030. In 2022, the market reached a size of 4,332.8 kilotons, recording a growth of 7.1% from 2019 to 2022. Furthermore, rapid urbanization and population growth in both developed and emerging countries are increasing the demand for residential, commercial, and industrial construction. According to Brazil's Agencia de Noticias 2021, the construction sector generated a value of 377.8 billion reais in 2021, of which 355.8 billion reais were for construction and/or services, and 22 billion reais were for development, construction, and/or services (5.8%). Therefore, these factors are expected to drive the demand for wood-plastic composites.

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