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Wood Plastic Composite Flooring Market Trends

Report ID: GMI5825
Published Date: Apr 2024
Report Format: PDF

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Wood Plastic Composite Flooring Market Trends

Researchers and manufacturers have been exploring novel blends of wood fibers and plastic resins to develop WPC materials that offer enhanced strength, increased weather resistance, and minimized expansion and contraction tendencies. For instance, in September 2021, Cali Bamboo LLC, a US-based omnichannel flooring and building products company, introduced a new line of thicker vinyl planks called Legends. This latest offering provides installers and homeowners with a plank that is not only highly realistic in appearance but also exceptionally comfortable. Legends feature a durable WPC core and an impressive half-inch thickness. These planks are entirely waterproof and use a click-lock system for easy installation without the need for glue or nails. With a 20-mil pet-friendly wear layer, Legends are easy to clean and have enhanced scratch resistance.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The market size of wood plastic composite flooring was reached USD 2.25 billion in 2023 and is anticipated to register 7.1% CAGR between 2024 and 2032, owing to the increasing demand for eco-friendly flooring.

The polyethylene segment in the wood plastic composite flooring industry generated USD 980 million and is expected to reach USD 1.73 billion by 2032, favored by the affordability, rigidity, ample raw material supply, and biodegradability.

North America wood plastic composite flooring market is expected to reach USD 1.16 billion by 2032, attributed to increasing building and construction activities in the U.S. and Mexico.

Advanced Environmental Recycling Technologies, Inc. (AERT), Armstrong Flooring (Afi Licensing LLC), Axion Structural Innovations LLC, Beologic N.V., CertainTeed Corporation, Fiberon, LLC, FKur Kunststoff GmbH, and Jelu-Werk Josef Ehrler GmbH & Co. KG, among others.