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The global plastic lumber market was valued at USD 5.3 billion in 2022 and is anticipated to grow at a CAGR of 11.1% from 2023 to 2032. Plastic lumber has become increasingly popular due to its durability and sustainability compared to traditional wood. It has several benefits, such as durability, low maintenance costs, and environmental friendliness. Plastic lumber is used as a hybrid alternative to pressure-treated wood, which contains chemicals like copper, and as an environmentally beneficial replacement for hardwoods from forests. This primary factor contributes to the growth of the global market for plastic lumber over the forecast period. The market for plastic lumber is expected to expand because, as per the data published by the U.S. Army Corps of Engineers, these materials are stable, resilient, long-lasting, and resistant to water, rot, mildew, and termites (without chemical pressure treatment).
Plastic lumber is a synthetic building material that mimics the appearance and texture of natural wood. It is sometimes called composite lumber, plastic wood, or synthetic wood. Usually, recycled plastics like polypropylene (PP) are used to make it. This plastic is mixed with different additives, including colorants, UV stabilizers, and occasionally natural fibers like wood, rice husks, or bamboo, to form a composite material. The performance of plastic timber is significantly influenced by its composition. Recycled plastics are cleaned and processed to produce boards or profiles with precise measurements and characteristics. Extrusion or injection molding is often used in manufacturing, and different manufacturers may use different material combinations. Natural fibers are sometimes added to plastic timer formulas to improve texture and appearance and create a more realistic look.
Plastic lumber's sustainability is one of its main benefits. It provides a way to recycle and reuse waste plastic that might otherwise clog landfills or contaminate the ocean. Natural resources are preserved, and the need for new plastic manufacturing is developed through recycled materials. Applications for plastic lumber are found in many different industries, but building and landscaping are particularly attractive. Decking, fencing, railings, and outdoor furniture are just a few outdoor projects used. In addition to these applications, it finds use in manufacturing playground apparatus, park benches, and even structural elements in concrete construction projects. It is a well-liked option for homeowners and business owners because of its adaptability and toughness.
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Environment Sustainability - The increasing adoption for plastic lumber across various industry verticals is a key driving force in the global plastic lumber market. An increased emphasis on environmental sustainability is one of the main drivers of the global plastic lumber industry. Eco-friendly building materials that use less natural resources are in greater demand as the world struggles with climate change and environmental degradation. The plastic lumber is made from recycled plastics. The plastic lumber helps achieve its sustainability objectives by reusing plastic trash that may clog landfills or contaminate the ocean. Additionally, it aids in reducing deforestation, a serious environmental issue. The plastic lumber market has emerged due to this commitment to sustainability, which has been embraced by corporations, governments, and consumers alike. This primary factor is boosting the market growth and development.
High Initial Costs - The initial cost of plastic lumber products compared to traditional wood is one of the biggest obstacles facing the plastic lumber sector. Because of its longevity and low cost, plastic lumber can save money over time, but some customers may find it too expensive up front, especially for residential use. Because wood is less expensive up front, homeowners can use it even if it requires more frequent maintenance. Low aesthetic restriction is another factor limiting the market growth and development of the global plastic lumber industry. Even though producers have come a long way in simulating the look and feel of real wood, some consumers may find that plastic lumber needs to have the rich, organic appeal of real wood. For those who want the real thing in their outdoor projects, some formulations might not accurately replicate the textures or patterns of the wood grain. These factors are limiting the market growth and development.
Technological Advancements - The plastic lumber market has expanded significantly due to technological advances. The increased demand for plastic lumber is the primary factor in producing high-quality plastic timber with better durability, structural integrity, and aesthetics. Plastic lumber is more aesthetically pleasing and functional due to product innovations such as using natural fibres to improve texture and look. These developments have also allowed producers to provide a wider selection of dimensions, profiles, and coatings to satisfy the various demands of the landscaping and construction sectors. In both residential and commercial buildings, plastic timber is being used. Because of its strength and durability, plastic lumber is becoming increasingly popular among homeowners for outdoor projects like decks, fences, and furniture. Companies and real estate developers use plastic lumber in the commercial sector for various projects, including public buildings, recreational facilities, and hospitality and educational establishments. This factor is expected to provide lucrative growth opportunities in the upcoming years.
The regions analyzed for the market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. North America region emerged as the most prominent global Plastic lumber market, with a 39.0% market revenue share in 2022. North America has been a pioneering region, boosting the plastic lumber market because of its early adoption and strong environmental consciousness. Plastic lumber is widely used in the US and Canada for various projects, such as marine buildings, decking, and outdoor furniture. North America thus commands a large portion of the world market for plastic lumber. North America's strong environmental consciousness has fulfilled the desire for sustainable building materials. Recycled plastics make plastic timber, which is becoming increasingly popular as an environmentally acceptable substitute for conventional wood. The regional market players also engage in various market strategies such as product innovation, product differentiation, mergers, acquisitions, partnerships, and strategic alliances to maintain their competitive edge.
North America Region Plastic Lumber Market Share in 2022 - 39.0%
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The product type segment includes virgin plastic, recycled plastic and composite. The recycled plastic segment accounted for the largest market share of around 54% in 2022. Plastic materials used before and then processed for reuse are recycled. To produce recycled plastic lumber, post-consumer and post-industrial plastic waste must be collected, cleaned, and processed again. Because recycled plastic is better for the environment, it has gained significant traction in the worldwide plastic lumber market. Recycled plastic lumber is an environmentally friendly option that keeps plastic trash out of the seas and landfills. This attribute of recycled plastics meets the growing awareness regarding sustainable building materials and products.
The resin type segment is bifurcated into polyethylene, polyvinyl chloride and polystyrene. The polyethylene segment dominated, with a market share of around 59% in 2022. In the global plastic lumber industry, polyethylene commands a substantial market share mainly because of its affordability and robustness. It is utilized for various purposes, such as landscaping, decking, fencing, and outdoor furniture. Due to its highly recyclable nature, recycled polyethylene is frequently used in the plastic lumber sector. This aspect of the polyethylene compound aligns with the increased focus on eco-friendly products and sustainability. Products made of polyethylene plastic lumber require less maintenance. Staining, sealing, or painting are not necessary for them to remain attractive and functional.
The application segment is divided into decking, molding trim, fencing, window door and others. The decking segment dominated the market, with a market share of around 38% in 2022. Plastic lumber contributes to the preservation of forests by stopping harvesting new trees for piers, decking, feet, and furniture. The flexural modulus is less significant, as plastic wood in decks is mostly used for flooring. Not only will homeowners continue to construct dwellings to establish outside areas for entertainment, but they will also gradually outfit these dwellings with amenities such as outdoor kitchens, fire pits, and hot tubs. Larger dеcks will require more railings and supplies to construct tables, benches, privacy lattices, and other features. This is the primary factor for the segment growth.
Report Description:
| Attribute | Description |
|---|---|
| Market Size | Revenue (USD Billion) |
| Market size value in 2022 | USD 5.38 Billion |
| Market size value in 2032 | USD 15.41 Billion |
| CAGR (2023 to 2032) | 11.1% |
| Historical data | 2019-2021 |
| Base Year | 2022 |
| Forecast | 2023-2032 |
| Region | The regions analyzed for the market are Asia Pacific, Europe, South America, North America, and Middle East & Africa. Furthermore, the regions are further analyzed at the country level. |
| Segments | Product Type, Resin Type, Application |
As per The Brainy Insights, the size of the plastic lumber market was valued at USD 5.38 billion in 2022 to USD 15.41 billion by 2032.
The global plastic lumber market is growing at a CAGR of 11.1% during the forecast period 2023-2032.
North America region became the largest market for plastic lumber.
The technological advancements within the industry is influencing the market's growth.
1. Introduction
1.1. Objectives of the Study
1.2. Market Definition
1.3. Research Scope
1.4. Currency
1.5. Key Target Audience
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
4.1. Porter’s Five Forces Analysis
4.2. Value Chain Analysis
4.3. Top Investment Pockets
4.3.1. Market Attractiveness Analysis by Product Type
4.3.2. Market Attractiveness Analysis by Application
4.3.3. Market Attractiveness Analysis by Resin Type
4.3.4. Market Attractiveness Analysis by Region
4.4. Application Trends
5. Market Dynamics
5.1. Market Evaluation
5.2. Drivers
5.2.1. Rising Demand for Plastic Lumber in Construction Industry
5.3. Restraints
5.3.1. Lack of Standardization
5.4. Opportunities
5.4.1. Technological Advancements
6. Global Plastic Lumber Market Analysis and Forecast, By Product Type
6.1. Segment Overview
6.2. Virgin Plastic
6.3. Recycled Plastic
6.4. Composite
7. Global Plastic Lumber Market Analysis and Forecast, By Application
7.1. Segment Overview
7.2. Decking
7.3. Molding Trim
7.4. Fencing
7.5. Window Door
7.6. Others
8. Global Plastic Lumber Market Analysis and Forecast, By Resin Type
8.1. Segment Overview
8.2. Polyethylene
8.3. Polyvinyl Chloride
8.4. Polystyrene
9. Global Plastic Lumber Market Analysis and Forecast, By Regional Analysis
9.1. Segment Overview
9.2. North America
9.2.1. U.S.
9.2.2. Canada
9.2.3. Mexico
9.3. Europe
9.3.1. Germany
9.3.2. France
9.3.3. U.K.
9.3.4. Italy
9.3.5. Spain
9.4. Asia-Pacific
9.4.1. Japan
9.4.2. China
9.4.3. India
9.4.4. South Korea
9.4.5. Australia
9.5. South America
9.5.1. Brazil
9.5.2. Argentina
9.6. Middle East and Africa
9.6.1. UAE
9.6.2. South Africa
9.6.3. Saudi Arabia
10. Global Plastic Lumber Market-Competitive Landscape
10.1. Overview
10.2. Market Share of Key Players in the Plastic Lumber Market
10.2.1. Global Company Market Share
10.2.2. North America Company Market Share
10.2.3. Europe Company Market Share
10.2.4. APAC Company Market Share
10.3. Competitive Situations and Trends
10.3.1. Product Type Launches and Developments
10.3.2. Partnerships, Collaborations, and Agreements
10.3.3. Mergers & Acquisitions
10.3.4. Expansions
11. Company Profiles
11.1. Trex Company, Inc.
11.1.1. Business Overview
11.1.2. Company Snapshot
11.1.3. Company Market Share Analysis
11.1.4. Company Product Type Portfolio
11.1.5. Recent Developments
11.1.6. SWOT Analysis
11.2. Kwk Plastic Lumber Co, Ltd.
11.2.1. Business Overview
11.2.2. Company Snapshot
11.2.3. Company Market Share Analysis
11.2.4. Company Product Type Portfolio
11.2.5. Recent Developments
11.2.6. SWOT Analysis
11.3. Tangent Technologies, Llc
11.3.1. Business Overview
11.3.2. Company Snapshot
11.3.3. Company Market Share Analysis
11.3.4. Company Product Type Portfolio
11.3.5. Recent Developments
11.3.6. SWOT Analysis
11.4. Genova Product Inc.
11.4.1. Business Overview
11.4.2. Company Snapshot
11.4.3. Company Market Share Analysis
11.4.4. Company Product Type Portfolio
11.4.5. Recent Developments
11.4.6. SWOT Analysis
11.5. Century-Board Usa, Llc
11.5.1. Business Overview
11.5.2. Company Snapshot
11.5.3. Company Market Share Analysis
11.5.4. Company Product Type Portfolio
11.5.5. Recent Developments
11.5.6. SWOT Analysis
11.6. Engineered Plastic System Llc
11.6.1. Business Overview
11.6.2. Company Snapshot
11.6.3. Company Market Share Analysis
11.6.4. Company Product Type Portfolio
11.6.5. Recent Developments
11.6.6. SWOT Analysis
11.7. Bedford Technology Llc
11.7.1. Business Overview
11.7.2. Company Snapshot
11.7.3. Company Market Share Analysis
11.7.4. Company Product Type Portfolio
11.7.5. Recent Developments
11.7.6. SWOT Analysis
11.8. American Recycled Plastic Inc.
11.8.1. Business Overview
11.8.2. Company Snapshot
11.8.3. Company Market Share Analysis
11.8.4. Company Product Type Portfolio
11.8.5. Recent Developments
11.8.6. SWOT Analysis
11.9. Advanced Environmental Recycling Technology Inc.
11.9.1. Business Overview
11.9.2. Company Snapshot
11.9.3. Company Market Share Analysis
11.9.4. Company Product Type Portfolio
11.9.5. Recent Developments
11.9.6. SWOT Analysis
11.10. Aeolian Enterprise Inc.
11.10.1. Business Overview
11.10.2. Company Snapshot
11.10.3. Company Market Share Analysis
11.10.4. Company Product Type Portfolio
11.10.5. Recent Developments
11.10.6. SWOT Analysis
List of Table
1. Global Plastic Lumber Market, By Product Type, 2019-2032 (USD Billion)
2. Global Virgin Plastic, Plastic Lumber Market, By Region, 2019-2032 (USD Billion)
3. Global Recycled Plastic, Plastic Lumber Market, By Region, 2019-2032 (USD Billion)
4. Global Composite, Plastic Lumber Market, By Region, 2019-2032 (USD Billion)
5. Global Plastic Lumber Market, By Application, 2019-2032 (USD Billion)
6. Global Decking Plastic Lumber Market, By Region, 2019-2032 (USD Billion)
7. Global Molding Trim Plastic Lumber Market, By Region, 2019-2032 (USD Billion)
8. Global Fencing Plastic Lumber Market, By Region, 2019-2032 (USD Billion)
9. Global Window Door Plastic Lumber Market, By Region, 2019-2032 (USD Billion)
10. Global Others Plastic Lumber Market, By Region, 2019-2032 (USD Billion)
11. Global Plastic Lumber Market, By Resin Type, 2019-2032 (USD Billion)
12. Global Polyethylene Plastic Lumber Market, By Region, 2019-2032 (USD Billion)
13. Global Polyvinyl Chloride Plastic Lumber Market, By Region, 2019-2032 (USD Billion)
14. Global Polystyrene Plastic Lumber Market, By Region, 2019-2032 (USD Billion)
15. Global Plastic Lumber Market, By Region, 2019-2032 (USD Billion)
16. North America Plastic Lumber Market, By Product Type, 2019-2032 (USD Billion)
17. North America Plastic Lumber Market, By Application, 2019-2032 (USD Billion)
18. North America Plastic Lumber Market, By Resin Type, 2019-2032 (USD Billion)
19. U.S. Plastic Lumber Market, By Product Type, 2019-2032 (USD Billion)
20. U.S. Plastic Lumber Market, By Application, 2019-2032 (USD Billion)
21. U.S. Plastic Lumber Market, By Resin Type, 2019-2032 (USD Billion)
22. Canada Plastic Lumber Market, By Product Type, 2019-2032 (USD Billion)
23. Canada Plastic Lumber Market, By Application, 2019-2032 (USD Billion)
24. Canada Plastic Lumber Market, By Resin Type, 2019-2032 (USD Billion)
25. Mexico Plastic Lumber Market, By Product Type, 2019-2032 (USD Billion)
26. Mexico Plastic Lumber Market, By Application, 2019-2032 (USD Billion)
27. Mexico Plastic Lumber Market, By Resin Type, 2019-2032 (USD Billion)
28. Europe Plastic Lumber Market, By Product Type, 2019-2032 (USD Billion)
29. Europe Plastic Lumber Market, By Application, 2019-2032 (USD Billion)
30. Europe Plastic Lumber Market, By Resin Type, 2019-2032 (USD Billion)
31. Germany Plastic Lumber Market, By Product Type, 2019-2032 (USD Billion)
32. Germany Plastic Lumber Market, By Application, 2019-2032 (USD Billion)
33. Germany Plastic Lumber Market, By Resin Type, 2019-2032 (USD Billion)
34. France Plastic Lumber Market, By Product Type, 2019-2032 (USD Billion)
35. France Plastic Lumber Market, By Application, 2019-2032 (USD Billion)
36. France Plastic Lumber Market, By Resin Type, 2019-2032 (USD Billion)
37. U.K. Plastic Lumber Market, By Product Type, 2019-2032 (USD Billion)
38. U.K. Plastic Lumber Market, By Application, 2019-2032 (USD Billion)
39. U.K. Plastic Lumber Market, By Resin Type, 2019-2032 (USD Billion)
40. Italy Plastic Lumber Market, By Product Type, 2019-2032 (USD Billion)
41. Italy Plastic Lumber Market, By Application, 2019-2032 (USD Billion)
42. Italy Plastic Lumber Market, By Resin Type, 2019-2032 (USD Billion)
43. Italy Plastic Lumber Market, By Application, 2019-2032 (USD Billion)
44. Spain Plastic Lumber Market, By Product Type, 2019-2032 (USD Billion)
45. Spain Plastic Lumber Market, By Resin Type, 2019-2032 (USD Billion)
46. Spain Plastic Lumber Market, By Application, 2019-2032 (USD Billion)
47. Asia Pacific Plastic Lumber Market, By Product Type, 2019-2032 (USD Billion)
48. Asia Pacific Plastic Lumber Market, By Application, 2019-2032 (USD Billion)
49. Asia Pacific Plastic Lumber Market, By Resin Type, 2019-2032 (USD Billion)
50. Japan Plastic Lumber Market, By Product Type, 2019-2032 (USD Billion)
51. Japan Plastic Lumber Market, By Resin Type, 2019-2032 (USD Billion)
52. Japan Plastic Lumber Market, By Application, 2019-2032 (USD Billion)
53. China Plastic Lumber Market, By Product Type, 2019-2032 (USD Billion)
54. China Plastic Lumber Market, By Resin Type, 2019-2032 (USD Billion)
55. China Plastic Lumber Market, By Application, 2019-2032 (USD Billion)
56. India Plastic Lumber Market, By Product Type, 2019-2032 (USD Billion)
57. India Plastic Lumber Market, By Resin Type, 2019-2032 (USD Billion)
58. India Plastic Lumber Market, By Application, 2019-2032 (USD Billion)
59. South Korea Plastic Lumber Market, By Product Type, 2019-2032 (USD Billion)
60. South Korea Plastic Lumber Market, By Application, 2019-2032 (USD Billion)
61. South Korea Plastic Lumber Market, By Resin Type, 2019-2032 (USD Billion)
62. Australia Plastic Lumber Market, By Product Type, 2019-2032 (USD Billion)
63. Australia Plastic Lumber Market, By Resin Type, 2019-2032 (USD Billion)
64. Australia Plastic Lumber Market, By Application, 2019-2032 (USD Billion)
65. South America Plastic Lumber Market, By Product Type, 2019-2032 (USD Billion)
66. South America Plastic Lumber Market, By Application, 2019-2032 (USD Billion)
67. South America Plastic Lumber Market, By Resin Type, 2019-2032 (USD Billion)
68. Brazil Plastic Lumber Market, By Product Type, 2019-2032 (USD Billion)
69. Brazil Plastic Lumber Market, By Resin Type, 2019-2032 (USD Billion)
70. Brazil Plastic Lumber Market, By Application, 2019-2032 (USD Billion)
71. Argentina Plastic Lumber Market, By Product Type, 2019-2032 (USD Billion)
72. Argentina Plastic Lumber Market, By Resin Type, 2019-2032 (USD Billion)
73. Argentina Plastic Lumber Market, By Application, 2019-2032 (USD Billion)
74. Middle East and Africa Plastic Lumber Market, By Product Type, 2019-2032 (USD Billion)
75. Middle East and Africa Plastic Lumber Market, By Resin Type, 2019-2032 (USD Billion)
76. Middle East and Africa Plastic Lumber Market, By Application, 2019-2032 (USD Billion)
77. UAE Plastic Lumber Market, By Product Type, 2019-2032 (USD Billion)
78. UAE Plastic Lumber Market, By Resin Type, 2019-2032 (USD Billion)
79. UAE Plastic Lumber Market, By Application, 2019-2032 (USD Billion)
80. South Africa Plastic Lumber Market, By Product Type, 2019-2032 (USD Billion)
81. South Africa Plastic Lumber Market, By Resin Type, 2019-2032 (USD Billion)
82. South Africa Plastic Lumber Market, By Application, 2019-2032 (USD Billion)
83. Saudi Arabia Plastic Lumber Market, By Product Type, 2019-2032 (USD Billion)
84. Saudi Arabia Plastic Lumber Market, By Resin Type, 2019-2032 (USD Billion)
85. Saudi Arabia Plastic Lumber Market, By Application, 2019-2032 (USD Billion)
List of Figures
1. Global Plastic Lumber Market Segmentation
2. Plastic Lumber Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top-Down Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis
7. Value Chain Analysis
8. Global Plastic Lumber Market Attractiveness Analysis by Product Type
9. Global Plastic Lumber Market Attractiveness Analysis by Application
10. Global Plastic Lumber Market Attractiveness Analysis by Resin Type
11. Global Plastic Lumber Market Attractiveness Analysis by Region
12. Global Plastic Lumber Market: Dynamics
13. Global Plastic Lumber Market Share By Product Type (2023 & 2032)
14. Global Plastic Lumber Market Share by Application (2023 & 2032)
15. Global Plastic Lumber Market Share by Resin Type (2023 & 2032)
16. Global Plastic Lumber Market Share by Regions (2023 & 2032)
17. Global Plastic Lumber Market Share by Company (2022)
This study forecasts revenue at global, regional, and country levels from 2019 to 2032. The Brainy Insights has segmented the global plastic lumber market based on below-mentioned segments:
Global Plastic Lumber Market by Product Type:
Global Plastic Lumber Market by Resin Type:
Global Plastic Lumber Market by Application:
Global Plastic Lumber Market by Region:
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