Wood Plastic Composite Market Report 2026

The wood plastic composite market size has grown rapidly in recent years. It will grow from $7.7 billion in 2025 to $8.64 billion in 2026 at a compound annual growth rate (CAGR) of 12.3%. The growth in the historic period can be attributed to growth in residential construction activities, rising use of alternative wood materials, availability of recycled plastic feedstock, increasing demand for outdoor landscaping solutions, expansion of decking and fencing applications.

The wood plastic composite market size is expected to see rapid growth in the next few years. It will grow to $13.47 billion in 2030 at a compound annual growth rate (CAGR) of 11.7%. The growth in the forecast period can be attributed to growing preference for sustainable construction materials, increasing adoption in commercial infrastructure projects, rising focus on circular material usage, expansion of bio-based resin development, advancements in composite durability technologies. Major trends in the forecast period include increasing adoption of recycled plastic-based composites, rising demand for outdoor decking applications, growing use of low-maintenance building materials, expansion of extrusion-based manufacturing processes, enhanced focus on weather-resistant composite products.

The increase in vehicle production is expected to drive the growth of the wood-plastic composite market in the coming years. Vehicles are mechanical devices designed primarily for land transportation. Wood-plastic composites are utilized in vehicles for interior components, offering a lightweight and durable alternative to conventional materials. The rise in vehicle production is largely fueled by growing consumer demand, as higher disposable incomes and changing lifestyles increase the need for personal and commercial vehicles. For example, in 2025, according to the European Automobile Manufacturers’ Association (ACEA), a Europe-based automotive organization, EU car production reached nearly 15 million vehicles in 2023, almost two million more than the previous year. Therefore, the expansion of vehicle production is supporting the growth of the wood-plastic composite market.

Major players in the wood plastic composite market are introducing new compounds, such as composite materials, to provide superior strength-to-weight ratios. A composite material is formed by combining two or more different materials, resulting in a product with enhanced properties like increased strength, reduced weight, or improved durability compared to the individual components. For example, in February 2024, Syensqo, a Belgium-based science company, launched the Swyft-Ply composite brand. This brand focuses on composite materials specifically designed for the electronics and smart devices market. The Swyft-Ply portfolio enables manufacturers to choose essential material features such as dielectric performance and thermal characteristics, facilitating the development of thinner, lighter, and more flexible designs. Designed for rapid production cycles, these composites utilize the advantages of traditional materials while fulfilling the high-volume manufacturing needs of the industry.

In December 2024, Trex Company, Inc., a U.S.-based provider of wood-alternative decking, residential railing products, and outdoor living solutions, entered into a strategic partnership with International Wood Products, LLC (IWP), a U.S.-based distributor and manufacturer of building materials serving the Western United States. Through this collaboration, Trex aims to enhance its market presence and accelerate growth in Northern California and Northern Nevada by leveraging IWP’s regional distribution network. This partnership underscores the wood-plastic composite (WPC) market’s increasing emphasis on expanded distribution channels and regional market penetration.

Major companies operating in the wood plastic composite market are Trex Company Inc., Advanced Environmental Recycling Technologies Inc., UFP Industries Inc., Fiberon LLC, TAMKO Building Products Inc., Beologic NV, CertainTeed Corporation, FKuR Kunststoff GmbH, JELU-WERK Josef Ehrler GmbH & Co. KG, Polyplank AB, AIMPLAS - Technological Institute of Plastics, Shanghai Seven Trust Industry Co. Ltd., The Dow Chemical Company, The AZEK Company Inc., Geolam Inc., CPG International LLC, Crane Plastics, Deceuninck North America LLC, Enduris Extrusions Inc., Fiber Composites LLC, Green Bay Decking LLC, Louisiana-Pacific Corporation, North Wood Plastics Inc., OnSpec Composites Inc., Perth Wood Plastic Composite Co. Ltd.

Asia-Pacific was the largest region in the wood plastic composite market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the wood plastic composite market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the wood plastic composite market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The wood plastic composite market consists of sales of thermoplastic resin wood plastic composite, multifunctional polymer composites, and Polyolefin wood plastic composite. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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