Wood Plastic Composite WPC Decking Market Report 2024 (Global Edition)

Global Wood Plastic Composite WPC Decking Market Report 2024 Market Size Split by Type (Hollow Decking Board, Solid Decking Board, Aluminium Decking Board), by Application (Outdoor Terraces, Balconies...

Wood Plastic Composite WPC Decking Market Report Description

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Competitive Landscape of the Wood Plastic Composite (WPC) Decking Market

Key players deploy strategic initiatives such as product innovations, partnerships, and mergers. Companies prioritize R&D to introduce cutting-edge reagents, ensuring a competitive edge. Robust distribution networks and adherence to quality standards amplify market presence, fostering an environment where agility and innovation define industry leaders.

Wood Plastic Composite WPC Decking Industry News

In February 2022, A revolutionary wood plastic composite called MoistureShield Cladding was introduced by MoistureShield, a branch of Oldcastle APG, a CRH Company. MoistureShield Cladding adds visual value to the exteriors while displaying a low-maintenance and lasting finish. Because 95% of the product's manufacturing process uses recycled materials, it may be eligible to receive LEED green building credit. 

(Source: https://www.nadra.org/blog/moistureshield-introduces-new-wood-plastic-composite-cladding-to-create-resilient-timeless-exteriors)

Top Companies Market Share in Wood Plastic Composite WPC Decking Industry: (In no particular order of Rank)

• Advanced Environmental Recycling Technologies
• Inc. (AERT)
• Axion Structural Innovations LLC
• Beologic N.V.
• CertainTeed Corporation
• Fiberon
• LLC
• Fkur Kunststoff GmbH
• Guangzhou Kindwood Co. Ltd.
• Jelu-Werk Josef Ehrler GmbH & Co. KG
• Woodmass
• PolyPlank AB
• Renolit
• TAMKO Building Products
• Inc.
• TimberTech
• Trex Company
• Inc.
• Universal Forest Product
• Confidential Data
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• Data Hidden

*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional analysis of the Wood Plastic Composite WPC Decking Market 

Which Region Will Dominate the Wood Plastic Composite WPC Decking Market in 2024?

According to Cognitive Market Research, North America dominated the market in 2024 and accounted for around 40% of the global revenue. Wood Plastic Composite (WPC) decking is a rapidly expanding market in North America. The industry is growing due to consumer demand for low-maintenance outdoor living options, growing environmental consciousness, and a preference for long-lasting, environmentally friendly materials. To meet the rising demand for WPC decking in the area, manufacturers are taking advantage of these trends by launching cutting-edge products and lengthening their distribution networks.

Which Region is Expanding at the Fastest CAGR?

The European region is witnessing an increase in the Application of reagents. Europe is seeing a notable increase in the Wood Plastic Composite (WPC) decking market. The growing popularity of low-maintenance outdoor spaces, the use of sustainable building materials, and strict laws encouraging environmentally friendly building methods are some of the reasons behind this. The demand for long-lasting, aesthetically pleasing, and ecologically friendly decking solutions pushes European manufacturers to innovate, fueling market growth.

The current report Scope analyzes Wood Plastic Composite WPC Decking Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Wood Plastic Composite WPC Decking

According to Cognitive Market Research, the global Wood Plastic Composite (WPC) Decking market size was estimated at USD XX million out of which North America held the major market of more than 40% of the global revenue with a market size of USD XX  million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.2% from 2024 to 2031. The market for wood plastic composite (WPC) decking in North America is expanding significantly due to rising consumer demand for low-maintenance outdoor living options and environmentally friendly building supplies. The solid decking board category, which offers outstanding stability and durability and appeals to customers looking for longevity and visual appeal in their outdoor spaces, is one important market supporting this expansion. WPC decking becomes a preferred option as consumers value eco-friendly options and urbanization persists. The WPC decking market in North America is anticipated to grow further because to its adaptability, resilience, and eco-friendliness, meeting the changing demands of both commercial and residential clients.

Country Analysis

• According to Cognitive Market Research, the US had a major share in the Wood Plastic Composite (WPC) Decking market with a market size of USD XX  million in 2024 and is projected to grow at a CAGR of 10.00% during the forecast period. The demand is amplified by the nation's cutting-edge technologies. 
• The Canada Wood Plastic Composite (WPC) Decking market had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 11.0% during the forecast period. Canada's rising usage of Wood Plastic Composite WPC Decking.
• The Mexico Wood Plastic Composite (WPC) Decking market is projected to witness growth at a CAGR of 10.7% during the forecast period with a market size of USD XX million in 2024.

 

Europe Wood Plastic Composite WPC Decking

According to Cognitive Market Research, with a market value of USD XX million in 2024 and projected to expand at a compound annual growth rate (CAGR) of 10.5% from 2024 to 2031. Europe accounted for a share of over 30% of the global market size of USD XX million. Europe's market for Wood Plastic Composite (WPC) decking is growing quickly, driven by the continent's growing focus on eco-friendly building methods and sustainability. The hollow decking board category is one significant market driving this expansion. It is well-known for being lightweight and reasonably priced, making it appealing to customers looking for simple installation and less material usage. Offering both durability and ecological benefits, WPC decking emerges as a tempting option as environmentally aware solutions become more and more important to European customers. The demand for outdoor living spaces is rising and strict legislation supporting sustainable construction materials mean that the European WPC decking market is well-positioned to grow and meet the changing needs of companies and homes alike.

• The United Kingdom Wood Plastic Composite (WPC) Decking market had a market share of USD XX  million in 2024 and is projected to grow at a CAGR of 11.3% during the forecast period. In the UK, Wood Plastic Composite (WPC) Decking Application witness an upswing due to the urbanization. 
• The France Wood Plastic Composite (WPC) Decking market is projected to witness growth at a CAGR of 9.7% during the forecast period with a market size of USD XX million in 2024.
• According to Cognitive Market Research, the Germany Wood Plastic Composite (WPC) Decking market size was valued at USD XX  million in 2024 and is projected to grow at a CAGR of 10.7% during the forecast period. In Germany, Wood Plastic Composite (WPC) Decking Application surge due to the construction boom. 
• The Italy Wood Plastic Composite (WPC) Decking market is projected to witness growth at a CAGR of 9.9% during the forecast period with a market size of USD XX million in 2024.
• The Russia Wood Plastic Composite (WPC) Decking market is projected to witness growth at a CAGR of 9.5% during the forecast period with a market size of USD XX million in 2024.
• The Spain Wood Plastic Composite (WPC) Decking market is projected to witness growth at a CAGR of 9.6% during the forecast period with a market size of USD XX  million in 2024.
• The Luxembourg Wood Plastic Composite (WPC) Decking market is projected to witness growth at a CAGR of 10.6% during the forecast period with a market size of USD XX  million in 2024.
• The Portugal Wood Plastic Composite (WPC) Decking market is projected to witness growth at a CAGR of 10.3% during the forecast period with a market size of USD XX million in 2024.
• The Greece Wood Plastic Composite (WPC) Decking market is projected to witness growth at a CAGR of 10.8% during the forecast period with a market size of USD XX  million in 2024.
• Rest of Europe Wood Plastic Composite (WPC) Decking market is projected to witness growth at a CAGR of 9.2% during the forecast period with a market size of USD XX  million in 2024.

 

Asia Pacific Wood Plastic Composite WPC Decking

According to Cognitive Market Research, the global Wood Plastic Composite (WPC) Decking market size was estimated at USD XX million out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 14.0% from 2024 to 2031. The fast urbanization, rising disposable income, and growing environmental consciousness in the Asia Pacific region are driving significant growth in the wood plastic composite (WPC) decking industry. The outdoor terraces category is a significant growth driver in this market, as customers look for long-lasting and low-maintenance decking options to improve their outdoor living areas. Due to its combination of durability, aesthetic appeal, and environmental friendliness, WPC decking is becoming more and more popular for outdoor terraces as high-rise living and urban growth spread throughout Asia Pacific. With the region continuing to place a high priority on outdoor recreation areas and sustainable building materials, the Asia Pacific WPC decking market is expected to grow significantly and satisfy the region's changing consumer demands.

• According to Cognitive Market Research, the China Wood Plastic Composite (WPC) Decking market size was valued at USD XX  million in 2024 and is projected to grow at a CAGR of 13.5% during the forecast period. Wood Plastic Composite (WPC) Decking Application surge in China due to the Environmental concerns.
• The Japan Wood Plastic Composite (WPC) Decking market is projected to witness growth at a CAGR of 12.5% during the forecast period with a market size of USD XX million in 2024.
• The India Wood Plastic Composite (WPC) Decking market had a market share of USD XX  million in 2024 and is projected to grow at a CAGR of 15.8% during the forecast period. The demand is augmented by India's increasing middle class families.
• The South Korea Wood Plastic Composite (WPC) Decking market is projected to witness growth at a CAGR of 13.1% during the forecast period with a market size of USD XX  million in 2024.
• The Australia Wood Plastic Composite (WPC) Decking market is projected to witness growth at a CAGR of 13.7% during the forecast period with a market size of USD XX million in 2024.
• The South East Asia Wood Plastic Composite (WPC) Decking market is projected to witness growth at a CAGR of 15.0% during the forecast period with a market size of USD XX million in 2024.
• The Rest of Asia Pacific Wood Plastic Composite (WPC) Decking market is projected to witness growth at a CAGR of 13.8% during the forecast period with a market size of USD XX million in 2024.

 

South America Wood Plastic Composite WPC Decking

According to Cognitive Market Research, the global Wood Plastic Composite (WPC) Decking market size was estimated at USD XX million out of which Latin America market of more than 5% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 11.4% from 2024 to 2031. The Latin American market for Wood Plastic Composite (WPC) decking is expanding at a significant rate due to a number of factors, including urbanization, rising disposable income, and increased demand for environmentally friendly building materials. The residential structures segment holds significant influence in this market, as homeowners look for long-lasting and low-maintenance decking options to improve their outdoor living areas. Owing to the region's varied weather patterns and societal focus on outdoor recreation, WPC decking is a compelling choice for individuals seeking to design fashionable and environmentally sustainable outdoor spaces. The market for WPC decking is expected to grow further in Latin America as sustainable development and urban expansion remain top priorities, meeting the changing needs of local homeowners.

• According to Cognitive Market Research, the Brazil Wood Plastic Composite (WPC) Decking market size was valued at USD XX million in 2024 and is projected to grow at a CAGR of 12.0% during the forecast period. Wood Plastic Composite (WPC) Decking Application flourish in Brazil due to the design aesthetics.
• The Argentina Wood Plastic Composite (WPC) Decking market had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 12.3% during the forecast period. The demand is augmented by Argentina's commitment to weather resistance.
• The Colombia Wood Plastic Composite (WPC) Decking market is projected to witness growth at a CAGR of 11.2% during the forecast period with a market size of USD XX  million in 2024.
• The Peru Wood Plastic Composite (WPC) Decking market is projected to witness growth at a CAGR of 11.6% during the forecast period with a market size of USD XX million in 2024.
• The Chile Wood Plastic Composite (WPC) Decking market is projected to witness growth at a CAGR of 11.7% during the forecast period with a market size of USD XX million in 2024.
• The Rest of Latin America Wood Plastic Composite (WPC) Decking market is projected to witness growth at a CAGR of 10.5% during the forecast period with a market size of USD XX million in 2024.

 

Middle East and Africa Wood Plastic Composite WPC Decking

According to Cognitive Market Research, the global Wood Plastic Composite (WPC) Decking market size was estimated at USD XX million out of which Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 11.7% from 2024 to 2031. The market for Wood Plastic Composite (WPC) decking in the Middle East and Africa is expanding steadily, driven by the region's growing demand for sustainable building materials, expanding construction sector, and increasing urbanization. The commercial buildings segment of this market is expanding at a rapid pace, as businesses prioritize outdoor spaces for entertainment and leisure. This is opening up potential for the adoption of WPC decking. In business settings throughout the Middle East and Africa, WPC decking is growing in popularity due to its eco-friendly qualities, low maintenance needs, and durability. The WPC decking market is expected to increase as long as the area makes investments in sustainable building methods and infrastructure development, catering to the changing demands of both consumers and companies.

• According to Cognitive Market Research, the GCC Countries Wood Plastic Composite (WPC) Decking market size was valued at USD XX million in 2024 and is projected to grow at a CAGR of 12.5% during the forecast period. Wood Plastic Composite (WPC) Decking Application flourish in the GCC Countries due to the Garden renovation trends.
• The Egypt Wood Plastic Composite (WPC) Decking market is projected to witness growth at a CAGR of 12.0% during the forecast period with a market size of USD XX million in 2024.
• The South Africa Wood Plastic Composite (WPC) Decking market is projected to witness growth at a CAGR of 12.7% during the forecast period with a market size of USD XX million in 2024. Wood Plastic Composite (WPC) Decking Application flourish in the South Africa due to the region's strategic investments research and advancements.
• The Turkey Wood Plastic Composite (WPC) Decking market is projected to witness growth at a CAGR of 11.2% during the forecast period with a market size of USD XX million in 2024.
• The Nigeria Wood Plastic Composite (WPC) Decking market is projected to witness growth at a CAGR of 10.8% during the forecast period with a market size of USD XX million in 2024.
• The Rest of MEA Wood Plastic Composite (WPC) Decking market is projected to witness growth at a CAGR of 10.7% during the forecast period with a market size of USD XX million in 2024.

 

Wood Plastic Composite WPC Decking Market Analysis

Wood Plastic Composite WPC Decking Market Type Segment Analysis

According to Cognitive Market Research, Hollow Decking Board held the major market share over the forecast period. The Wood Plastic Composite (WPC) decking market is expanding thanks to the Hollow Decking Board segment. Hollow decking boards are becoming increasingly popular as lightweight and affordable substitutes for solid boards since they are less complicated to install, need less material, and don't warp or fracture. Hollow decking boards are becoming increasingly popular among consumers, helping the WPC decking market grow.

Solid Decking Board is the fastest-growing category over the forecast period. One of the main factors propelling the Wood Plastic Composite (WPC) decking market's expansion is the Solid Decking Board segment. Solid boards have a more conventional appearance, great solidity, and longevity than hollow boards. Solid WPC decking boards are becoming increasingly in demand as consumers place a higher value on durability and aesthetics in outdoor decking. This is driving the market's overall regional expansion.

• Hollow Decking Board
• Solid Decking Board
• Aluminium Decking Board

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Wood Plastic Composite WPC Decking Industry. Request a Free Sample PDF!

Wood Plastic Composite WPC Decking Market Application Segment Analysis

According to Cognitive Market Research, Outdoor Terraces hold a prominent market share. The rising demand for outdoor terraces is driving the expansion of the Wood Plastic Composite (WPC) decking industry. A long-lasting, low-maintenance option for designing fashionable and useful outdoor areas is WPC decking. Global market expansion is driven by the increasing demand for WPC decking for outdoor terraces as consumers look to upgrade their outdoor living areas with durable and eco-friendly materials.

Balconies are the fastest-growing category over the forecast period. The Wood Plastic Composite (WPC) decking market is expanding due to the growing need for balcony decking options. WPC decking is perfect for balconies since it provides a strong, low-maintenance substitute for conventional materials. The market for WPC decking is growing as more people choose to live in urban areas and look for more visually appealing and functional balcony flooring solutions.

• Outdoor Terraces
• Balconies
• Pool
• Fences

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Wood Plastic Composite WPC Decking End-User Segment Analysis

According to Cognitive Market Research, Builders Merchants held the major market share over the forecast period. A major factor in expanding the Wood Plastic Composite (WPC) decking market is the presence of builders' merchants. Building supply retailers are successfully marketing and selling WPC decking to contractors, do-it-yourselfers, and homeowners, thanks to their broad reach and distribution networks. Their experience, product understanding, and accessibility to WPC decking materials all play a major role in the growing market expansion of this industry by promoting the use of WPC decking solutions.

DIY stores are the fastest-growing category over the forecast period. Wood Plastic Composite (WPC) decking is becoming increasingly popular, and DIY stores are becoming important players. DIY stores serve homeowners and outdoor enthusiasts by providing a large selection of WPC decking supplies and accessories. Because of their accessibility and convenience, DIY stores play a major role in WPC decking solutions' rising customer acceptance and popularity, which drives market expansion.

• Builders Merchants
• DIY stores
• Timber Stores
• Timber Merchants
• Direct to End-user
• Independent Stores

Wood Plastic Composite WPC Decking Buildings Type Segment Analysis

According to Cognitive Market Research, Residential Buildings held the major market share over the forecast period. The growing need for decking options in residential structures is propelling the expansion of the Wood Plastic Composite (WPC) decking market. WPC decking is becoming increasingly popular among homeowners because of its durability, ease of upkeep, and attractive appearance. WPC decking is growing as more residential buildings aim to include outdoor living areas, which supports the industry's overall growth in the residential construction sector.  

Commercial Buildings are the fastest-growing category over the forecast period. Due to the increasing use of decking solutions in commercial buildings, the market for Wood Plastic Composite (WPC) decking is booming. Due to its long-lasting nature, ease of upkeep, and environmental friendliness, WPC decking is being used in commercial buildings such as restaurants, hotels, and office buildings. WPC decking is becoming more and more popular in commercial settings as firms emphasize outdoor spaces for entertainment and relaxation, which is propelling market expansion.

• Residential Buildings
• Commercial Buildings
• Non buildings

Author's Detail

Manoj Phagare

Senior Research Analyst at Cognitive Market Research

LinkedIn

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• Worked on several market, industry & business research projects, on various models such as Syndicated, Custom, Subscriptions and Consults
• Proficient in secondary research and familiar with all paid research databases
• Proficient in primary research and handling client queries through mails and calls
• Expertise in statistical techniques used in data forecasting, possess strong grip on all aspects of market engineering & data analysis
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Author's Conclusion