Product Code: A02821
The global plastic lumber market was valued at $5.3 billion in 2022 and is projected to reach $15.8 billion by 2032, growing at a CAGR of 11.3% from 2023 to 2032.
Plastic lumber is a versatile building material made from recycled plastics, typically high-density polyethylene (HDPE) or a combination of various plastic types. It serves as an eco-friendly alternative to traditional wood lumber, offering several key properties and benefits. Plastic lumber is highly durable and resistant to rot, decay, and insect infestations, making it ideal for outdoor applications such as decking, fencing, and outdoor furniture. Its longevity far surpasses that of natural wood, reducing the need for frequent replacements. Moreover, plastic lumber is impervious to moisture, preventing swelling or warping, and it can withstand harsh weather conditions, including UV exposure, without fading or deteriorating.
It is environmentally friendly as it diverts plastic waste from landfills, reducing the ecological footprint. It requires minimal maintenance, doesn't require painting or staining, and is easy to clean. In addition, plastic lumber is available in various colors and textures, providing design flexibility. It also contributes to sustainable forestry practices by reducing the demand for timber.
As environmental concerns mount and consumers seek sustainable alternatives to traditional wood, plastic lumber emerges as a compelling solution. Unlike conventional lumber, plastic lumber is highly resistant to rot, decay, and insect infestations, ensuring it maintains its structural integrity for extended periods. This durability factor not only extends the lifespan of products made from plastic lumber but also reduces the need for frequent replacements, ultimately lowering costs and environmental impact. In addition, plastic lumber's low maintenance requirements, such as not requiring staining, sealing, or painting, make it an attractive choice for both residential and commercial applications. As consumers increasingly prioritize eco-friendly and long-lasting construction materials, the plastic lumber market is well-positioned to thrive, offering a sustainable and hassle-free alternative to traditional wood that aligns with modern environmental and lifestyle preferences.
Limited awareness regarding plastic lumber can hamper the growth of the plastic lumber market. Plastic lumber, which is made from recycled plastics and offers a sustainable alternative to traditional wood, presents numerous advantages, including durability, low maintenance, and resistance to rot and insects. However, despite these benefits, many consumers, businesses, and even policymakers remain unaware of its existence and advantages. This lack of awareness can be attributed to several factors. The traditional dominance of wood in the construction and landscaping industries has made it challenging for plastic lumber to gain recognition as a viable substitute. Furthermore, the marketing and promotion of plastic lumber products have been relatively limited compared to other building materials, further hindering its visibility. In addition, misconceptions about the quality and aesthetics of plastic lumber persist among potential users, which deter them from considering it as a legitimate option for their projects. To overcome this obstacle, it is crucial for manufacturers and industry stakeholders to invest in robust educational and marketing campaigns, highlighting the environmental benefits and long-term cost savings associated with plastic lumber.
With increasing environmental awareness and concerns over traditional timber's impact on deforestation and the overall ecosystem, consumers and industries are shifting toward sustainable alternatives. Plastic lumber, made from recycled plastics, offers a compelling solution. Its popularity is surging due to its remarkable attributes such as durability, resistance to termites and rot, and low maintenance requirements. In addition, plastic lumber products do not require painting or staining, reducing their environmental footprint further. As governments globally implement stringent regulations to curb plastic waste, manufacturers are increasingly investing in innovative recycling techniques to meet these evolving demands. Furthermore, the construction and landscaping industries are recognizing the benefits of plastic lumber in reducing the carbon footprint of their projects. This growing adoption of eco-friendly alternatives is expected to offer lucrative opportunities for the plastic lumber market.
The plastic lumber market is segmented on the basis of product, resin type, application, and region. By product, the market is divided into virgin plastic, recycled plastic, and composite. On the basis of resin type, it is categorized into polyethylene, polyvinyl chloride, polystyrene, and others. As per application, it is categorized into decking, molding trim, fencing, landscaping outdoor products, windows doors, and others. Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
The major players operating in the global plastic lumber market are Genova Products Inc., Trex Company, Inc., American Recycled Plastic, KWK Plastic Lumber Co., Ltd., Ecoville, CMI, PlasTEAK, Fiberon, TANGENT Technologies, LLC., and Repeat Plastics Australia Pty Ltd.
Other players include AZEK Building Products, Envision Decking, Lumberock, Bedford Technology, Bear Board, Nexwood, EPS Plastic Lumber.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the plastic lumber market analysis from 2022 to 2032 to identify the prevailing plastic lumber market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the plastic lumber market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global plastic lumber market trends, key players, market segments, application areas, and market growth strategies.
Additional benefits you will get with this purchase are:
- Quarterly Update and* (only available with a corporate license, on listed price)
- 5 additional Company Profile of client Choice pre- or Post-purchase, as a free update.
- Free Upcoming Version on the Purchase of Five and Enterprise User License.
- 16 analyst hours of support* (post-purchase, if you find additional data requirements upon review of the report, you may receive support amounting to 16 analyst hours to solve questions, and post-sale queries)
- 15% Free Customization* (in case the scope or segment of the report does not match your requirements, 15% is equivalent to 3 working days of free work, applicable once)
- Free data Pack on the Five and Enterprise User License. (Excel version of the report)
- Free Updated report if the report is 6-12 months old or older.
- 24-hour priority response*
- Free Industry updates and white papers.
Possible Customization with this report (with additional cost and timeline, please talk to the sales executive to know more)
- Analysis of raw material in a product (by %)
- Manufacturing Capacity
- Product Benchmarking / Product specification and applications
- Product Life Cycles
- Supply Chain Analysis & Vendor Margins
- Upcoming/New Entrant by Regions
- Go To Market Strategy
- Market share analysis of players by products/segments
- New Product Development/ Product Matrix of Key Players
- Regulatory Guidelines
- Additional company profiles with specific to client's interest
- Additional country or region analysis- market size and forecast
- Expanded list for Company Profiles
- Historic market data
- Key player details (including location, contact details, supplier/vendor network etc. in excel format)
- List of customers/consumers/raw material suppliers- value chain analysis
- Product Consumption Analysis
Key Market Segments
By Application
- Molding Trim
- Fencing
- Landscaping Outdoor Products
- Windows Doors
- Others
- Decking
By Product
- Virgin Plastic
- Recycled Plastic
- Composite
By Resin Type
- Polyethylene
- Polyvinyl Chloride
- Polystyrene
- Others
By Region
- North America
- Europe
- France
- Germany
- Italy
- Spain
- UK
- Russia
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Thailand
- Malaysia
- Indonesia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- South Africa,
- Saudi Arabia
- UAE
- Argentina
- Rest of LAMEA
Key Market Players:
- Trex Company, Inc.
- KWK Plastic Lumber Co., Ltd.
- Ecoville
- PlasTEAK
- Fiberon
- Repeat Plastics Australia Pty Ltd.
- American Recycled Plastic
- CMI
- Genova Products Inc.
- TANGENT Technologies, LLC.
TABLE OF CONTENTS
CHAPTER 1: INTRODUCTION
- 1.1. Report description
- 1.2. Key market segments
- 1.3. Key benefits to the stakeholders
- 1.4. Research methodology
- 1.4.1. Primary research
- 1.4.2. Secondary research
- 1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
- 3.1. Market definition and scope
- 3.2. Key findings
- 3.2.1. Top impacting factors
- 3.2.2. Top investment pockets
- 3.3. Porter's five forces analysis
- 3.3.1. Moderate bargaining power of suppliers
- 3.3.2. Moderate threat of new entrants
- 3.3.3. Moderate threat of substitutes
- 3.3.4. Low intensity of rivalry
- 3.3.5. Moderate bargaining power of buyers
- 3.4. Market dynamics
- 3.4.1. Drivers
- 3.4.1.1. Government regulations and incentive
- 3.4.1.2. Durability and low maintenance
- 3.4.2. Restraints
- 3.4.2.1. Limited awareness regarding plastic lumber
- 3.4.3. Opportunities
- 3.4.3.1. Rising demand for eco-friendly products
- 3.5. Value Chain Analysis
- 3.6. Patent Landscape
- 3.7. Regulatory Guidelines
CHAPTER 4: PLASTIC LUMBER MARKET, BY PRODUCT
- 4.1. Overview
- 4.1.1. Market size and forecast
- 4.2. Virgin Plastic
- 4.2.1. Key market trends, growth factors and opportunities
- 4.2.2. Market size and forecast, by region
- 4.2.3. Market share analysis by country
- 4.3. Recycled Plastic
- 4.3.1. Key market trends, growth factors and opportunities
- 4.3.2. Market size and forecast, by region
- 4.3.3. Market share analysis by country
- 4.4. Composite
- 4.4.1. Key market trends, growth factors and opportunities
- 4.4.2. Market size and forecast, by region
- 4.4.3. Market share analysis by country
CHAPTER 5: PLASTIC LUMBER MARKET, BY RESIN TYPE
- 5.1. Overview
- 5.1.1. Market size and forecast
- 5.2. Polyethylene
- 5.2.1. Key market trends, growth factors and opportunities
- 5.2.2. Market size and forecast, by region
- 5.2.3. Market share analysis by country
- 5.3. Polyvinyl Chloride
- 5.3.1. Key market trends, growth factors and opportunities
- 5.3.2. Market size and forecast, by region
- 5.3.3. Market share analysis by country
- 5.4. Polystyrene
- 5.4.1. Key market trends, growth factors and opportunities
- 5.4.2. Market size and forecast, by region
- 5.4.3. Market share analysis by country
- 5.5. Others
- 5.5.1. Key market trends, growth factors and opportunities
- 5.5.2. Market size and forecast, by region
- 5.5.3. Market share analysis by country
CHAPTER 6: PLASTIC LUMBER MARKET, BY APPLICATION
- 6.1. Overview
- 6.1.1. Market size and forecast
- 6.2. Decking
- 6.2.1. Key market trends, growth factors and opportunities
- 6.2.2. Market size and forecast, by region
- 6.2.3. Market share analysis by country
- 6.3. Molding Trim
- 6.3.1. Key market trends, growth factors and opportunities
- 6.3.2. Market size and forecast, by region
- 6.3.3. Market share analysis by country
- 6.4. Fencing
- 6.4.1. Key market trends, growth factors and opportunities
- 6.4.2. Market size and forecast, by region
- 6.4.3. Market share analysis by country
- 6.5. Landscaping Outdoor Products
- 6.5.1. Key market trends, growth factors and opportunities
- 6.5.2. Market size and forecast, by region
- 6.5.3. Market share analysis by country
- 6.6. Windows Doors
- 6.6.1. Key market trends, growth factors and opportunities
- 6.6.2. Market size and forecast, by region
- 6.6.3. Market share analysis by country
- 6.7. Others
- 6.7.1. Key market trends, growth factors and opportunities
- 6.7.2. Market size and forecast, by region
- 6.7.3. Market share analysis by country
CHAPTER 7: PLASTIC LUMBER MARKET, BY REGION
- 7.1. Overview
- 7.1.1. Market size and forecast By Region
- 7.2. North America
- 7.2.1. Key market trends, growth factors and opportunities
- 7.2.2. Market size and forecast, by Product
- 7.2.3. Market size and forecast, by Resin Type
- 7.2.4. Market size and forecast, by Application
- 7.2.5. Market size and forecast, by country
- 7.2.5.1. U.S.
- 7.2.5.1.1. Market size and forecast, by Product
- 7.2.5.1.2. Market size and forecast, by Resin Type
- 7.2.5.1.3. Market size and forecast, by Application
- 7.2.5.2. Canada
- 7.2.5.2.1. Market size and forecast, by Product
- 7.2.5.2.2. Market size and forecast, by Resin Type
- 7.2.5.2.3. Market size and forecast, by Application
- 7.2.5.3. Mexico
- 7.2.5.3.1. Market size and forecast, by Product
- 7.2.5.3.2. Market size and forecast, by Resin Type
- 7.2.5.3.3. Market size and forecast, by Application
- 7.3. Europe
- 7.3.1. Key market trends, growth factors and opportunities
- 7.3.2. Market size and forecast, by Product
- 7.3.3. Market size and forecast, by Resin Type
- 7.3.4. Market size and forecast, by Application
- 7.3.5. Market size and forecast, by country
- 7.3.5.1. France
- 7.3.5.1.1. Market size and forecast, by Product
- 7.3.5.1.2. Market size and forecast, by Resin Type
- 7.3.5.1.3. Market size and forecast, by Application
- 7.3.5.2. Germany
- 7.3.5.2.1. Market size and forecast, by Product
- 7.3.5.2.2. Market size and forecast, by Resin Type
- 7.3.5.2.3. Market size and forecast, by Application
- 7.3.5.3. Italy
- 7.3.5.3.1. Market size and forecast, by Product
- 7.3.5.3.2. Market size and forecast, by Resin Type
- 7.3.5.3.3. Market size and forecast, by Application
- 7.3.5.4. Spain
- 7.3.5.4.1. Market size and forecast, by Product
- 7.3.5.4.2. Market size and forecast, by Resin Type
- 7.3.5.4.3. Market size and forecast, by Application
- 7.3.5.5. UK
- 7.3.5.5.1. Market size and forecast, by Product
- 7.3.5.5.2. Market size and forecast, by Resin Type
- 7.3.5.5.3. Market size and forecast, by Application
- 7.3.5.6. Russia
- 7.3.5.6.1. Market size and forecast, by Product
- 7.3.5.6.2. Market size and forecast, by Resin Type
- 7.3.5.6.3. Market size and forecast, by Application
- 7.3.5.7. Rest of Europe
- 7.3.5.7.1. Market size and forecast, by Product
- 7.3.5.7.2. Market size and forecast, by Resin Type
- 7.3.5.7.3. Market size and forecast, by Application
- 7.4. Asia-Pacific
- 7.4.1. Key market trends, growth factors and opportunities
- 7.4.2. Market size and forecast, by Product
- 7.4.3. Market size and forecast, by Resin Type
- 7.4.4. Market size and forecast, by Application
- 7.4.5. Market size and forecast, by country
- 7.4.5.1. China
- 7.4.5.1.1. Market size and forecast, by Product
- 7.4.5.1.2. Market size and forecast, by Resin Type
- 7.4.5.1.3. Market size and forecast, by Application
- 7.4.5.2. Japan
- 7.4.5.2.1. Market size and forecast, by Product
- 7.4.5.2.2. Market size and forecast, by Resin Type
- 7.4.5.2.3. Market size and forecast, by Application
- 7.4.5.3. India
- 7.4.5.3.1. Market size and forecast, by Product
- 7.4.5.3.2. Market size and forecast, by Resin Type
- 7.4.5.3.3. Market size and forecast, by Application
- 7.4.5.4. South Korea
- 7.4.5.4.1. Market size and forecast, by Product
- 7.4.5.4.2. Market size and forecast, by Resin Type
- 7.4.5.4.3. Market size and forecast, by Application
- 7.4.5.5. Australia
- 7.4.5.5.1. Market size and forecast, by Product
- 7.4.5.5.2. Market size and forecast, by Resin Type
- 7.4.5.5.3. Market size and forecast, by Application
- 7.4.5.6. Thailand
- 7.4.5.6.1. Market size and forecast, by Product
- 7.4.5.6.2. Market size and forecast, by Resin Type
- 7.4.5.6.3. Market size and forecast, by Application
- 7.4.5.7. Malaysia
- 7.4.5.7.1. Market size and forecast, by Product
- 7.4.5.7.2. Market size and forecast, by Resin Type
- 7.4.5.7.3. Market size and forecast, by Application
- 7.4.5.8. Indonesia
- 7.4.5.8.1. Market size and forecast, by Product
- 7.4.5.8.2. Market size and forecast, by Resin Type
- 7.4.5.8.3. Market size and forecast, by Application
- 7.4.5.9. Rest of Asia-Pacific
- 7.4.5.9.1. Market size and forecast, by Product
- 7.4.5.9.2. Market size and forecast, by Resin Type
- 7.4.5.9.3. Market size and forecast, by Application
- 7.5. LAMEA
- 7.5.1. Key market trends, growth factors and opportunities
- 7.5.2. Market size and forecast, by Product
- 7.5.3. Market size and forecast, by Resin Type
- 7.5.4. Market size and forecast, by Application
- 7.5.5. Market size and forecast, by country
- 7.5.5.1. Brazil
- 7.5.5.1.1. Market size and forecast, by Product
- 7.5.5.1.2. Market size and forecast, by Resin Type
- 7.5.5.1.3. Market size and forecast, by Application
- 7.5.5.2. South Africa,
- 7.5.5.2.1. Market size and forecast, by Product
- 7.5.5.2.2. Market size and forecast, by Resin Type
- 7.5.5.2.3. Market size and forecast, by Application
- 7.5.5.3. Saudi Arabia
- 7.5.5.3.1. Market size and forecast, by Product
- 7.5.5.3.2. Market size and forecast, by Resin Type
- 7.5.5.3.3. Market size and forecast, by Application
- 7.5.5.4. UAE
- 7.5.5.4.1. Market size and forecast, by Product
- 7.5.5.4.2. Market size and forecast, by Resin Type
- 7.5.5.4.3. Market size and forecast, by Application
- 7.5.5.5. Argentina
- 7.5.5.5.1. Market size and forecast, by Product
- 7.5.5.5.2. Market size and forecast, by Resin Type
- 7.5.5.5.3. Market size and forecast, by Application
- 7.5.5.6. Rest of LAMEA
- 7.5.5.6.1. Market size and forecast, by Product
- 7.5.5.6.2. Market size and forecast, by Resin Type
- 7.5.5.6.3. Market size and forecast, by Application
CHAPTER 8: COMPETITIVE LANDSCAPE
- 8.1. Introduction
- 8.2. Top winning strategies
- 8.3. Product mapping of top 10 player
- 8.4. Competitive dashboard
- 8.5. Competitive heatmap
- 8.6. Top player positioning, 2022
CHAPTER 9: COMPANY PROFILES
- 9.1. American Recycled Plastic
- 9.1.1. Company overview
- 9.1.2. Key executives
- 9.1.3. Company snapshot
- 9.1.4. Operating business segments
- 9.1.5. Product portfolio
- 9.2. Genova Products Inc.
- 9.2.1. Company overview
- 9.2.2. Key executives
- 9.2.3. Company snapshot
- 9.2.4. Operating business segments
- 9.2.5. Product portfolio
- 9.3. TANGENT Technologies, LLC.
- 9.3.1. Company overview
- 9.3.2. Key executives
- 9.3.3. Company snapshot
- 9.3.4. Operating business segments
- 9.3.5. Product portfolio
- 9.3.6. Key strategic moves and developments
- 9.4. Trex Company, Inc.
- 9.4.1. Company overview
- 9.4.2. Key executives
- 9.4.3. Company snapshot
- 9.4.4. Operating business segments
- 9.4.5. Product portfolio
- 9.4.6. Business performance
- 9.4.7. Key strategic moves and developments
- 9.5. KWK Plastic Lumber Co., Ltd.
- 9.5.1. Company overview
- 9.5.2. Key executives
- 9.5.3. Company snapshot
- 9.5.4. Operating business segments
- 9.5.5. Product portfolio
- 9.6. Repeat Plastics Australia Pty Ltd.
- 9.6.1. Company overview
- 9.6.2. Key executives
- 9.6.3. Company snapshot
- 9.6.4. Operating business segments
- 9.6.5. Product portfolio
- 9.7. Ecoville
- 9.7.1. Company overview
- 9.7.2. Key executives
- 9.7.3. Company snapshot
- 9.7.4. Operating business segments
- 9.7.5. Product portfolio
- 9.8. CMI
- 9.8.1. Company overview
- 9.8.2. Key executives
- 9.8.3. Company snapshot
- 9.8.4. Operating business segments
- 9.8.5. Product portfolio
- 9.8.6. Key strategic moves and developments
- 9.9. PlasTEAK
- 9.9.1. Company overview
- 9.9.2. Key executives
- 9.9.3. Company snapshot
- 9.9.4. Operating business segments
- 9.9.5. Product portfolio
- 9.10. Fiberon
- 9.10.1. Company overview
- 9.10.2. Key executives
- 9.10.3. Company snapshot
- 9.10.4. Operating business segments
- 9.10.5. Product portfolio
- 9.10.6. Key strategic moves and developments