Wood-plastic composite floorings are composite materials made up of a combination of wood flour or fibers and heated thermoplastic resins. Together, these materials surpass other conventional types of flooring pertaining to durability, care, and water resistance. WPC floorings are visually appealing and relatively easier to install and maintain than traditional flooring types. There are numerous benefits associated with WPC floorings, such as low melting temperature and high stiffness compared to conventional wood alternatives, which give it an edge in the flooring applications over other materials.
MARKET DYNAMICS
The global construction sector's sustained growth and significant investments into repair and renovation activities annually worldwide are key factors driving demand for Wood-plastic composite (WPC) flooring materials. WPC flooring is used in residential construction, and retail outlets, commercial construction, among others. Of these constructions of commercial building projects are the largest end-users for WPC flooring. Trends of urbanization and the development of smart city projects are significant contributors to the market. However, governments' strict regulations on emissions that have health and environmental ramifications from the production of WPC products is a crucial challenge for manufacturers.
MARKET SCOPE
The "Global Wood-Plastic Composite Floorings Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a particular focus on the global market trend analysis. The report aims to provide an overview of the wood-plastic composite floorings market with detailed market segmentation by type and end use. The global wood-plastic composite floorings market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading wood-plastic composite floorings market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global wood-plastic composite floorings market is segmented into type and end use. By type, the wood-plastic composite floorings market is classified into polyethylene, polyvinylchloride, polypropylene, others. By application, the wood-plastic composite floorings market is classified into commercial buildings, residential buildings, retail outlets, others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry, including both qualitative and quantitative information. It provides an overview and forecast of the global wood-plastic composite floorings market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 concerning five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America. The wood-plastic composite floorings market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally, along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the wood-plastic composite floorings market from both demand and supply side. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions, namely; North America, Europe, APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the wood-plastic composite floorings market in these regions.
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The report provides a detailed overview of the industry, including both qualitative and quantitative information. It provides an overview and forecast of the global wood-plastic composite floorings market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 concerning five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America. The wood-plastic composite floorings market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally, along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the wood-plastic composite floorings market from both demand and supply side. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions, namely; North America, Europe, APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the wood-plastic composite floorings market in these regions.
MARKET PLAYERS
The reports cover vital developments in the wood-plastic composite floorings market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others, such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnerships & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from the wood-plastic composite floorings market are anticipated to lucrative growth opportunities in the future with the rising demand for wood-plastic composite floorings in the global market. Below mentioned is the list of few companies engaged in the wood-plastic composite floorings market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the wood-plastic composite floorings market. Besides, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last three years, the critical development in the past five years.
- Armstrong Flooring
- Mannington Mills
- PRO-TEK
- Parterre Flooring
- Parterre Flooring Systems
- Oakio Plastic Wood Building Materials Co.,Ltd
- SPECTRA CONTRACT FLOORING
- COREtec
- Tecnodec
The Insight Partner's dedicated research and analysis team consists of experienced professionals with advanced statistical expertise and offers various customization options in the current study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Wood-Plastic Composite Floorings Market - By Type
1.3.2 Wood-Plastic Composite Floorings Market - By End Use
1.3.3 Wood-Plastic Composite Floorings Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. WOOD-PLASTIC COMPOSITE FLOORINGS MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. WOOD-PLASTIC COMPOSITE FLOORINGS MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. WOOD-PLASTIC COMPOSITE FLOORINGS MARKET - GLOBAL MARKET ANALYSIS
6.1. WOOD-PLASTIC COMPOSITE FLOORINGS - GLOBAL MARKET OVERVIEW
6.2. WOOD-PLASTIC COMPOSITE FLOORINGS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. WOOD-PLASTIC COMPOSITE FLOORINGS MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. POLYETHYLENE
7.3.1. Overview
7.3.2. Polyethylene Market Forecast and Analysis
7.4. POLYVINYLCHLORIDE
7.4.1. Overview
7.4.2. Polyvinylchloride Market Forecast and Analysis
7.5. POLYPROPYLENE
7.5.1. Overview
7.5.2. Polypropylene Market Forecast and Analysis
7.6. OTHERS
7.6.1. Overview
7.6.2. Others Market Forecast and Analysis
8. WOOD-PLASTIC COMPOSITE FLOORINGS MARKET - REVENUE AND FORECASTS TO 2028 - END USE
8.1. OVERVIEW
8.2. END USE MARKET FORECASTS AND ANALYSIS
8.3. COMMERCIAL BUILDINGS
8.3.1. Overview
8.3.2. Commercial Buildings Market Forecast and Analysis
8.4. RESIDENTIAL BUILDINGS
8.4.1. Overview
8.4.2. Residential Buildings Market Forecast and Analysis
8.5. RETAIL OUTLETS
8.5.1. Overview
8.5.2. Retail Outlets Market Forecast and Analysis
8.6. OTHERS
8.6.1. Overview
8.6.2. Others Market Forecast and Analysis
9. WOOD-PLASTIC COMPOSITE FLOORINGS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Wood-Plastic Composite Floorings Market Overview
9.1.2 North America Wood-Plastic Composite Floorings Market Forecasts and Analysis
9.1.3 North America Wood-Plastic Composite Floorings Market Forecasts and Analysis - By Type
9.1.4 North America Wood-Plastic Composite Floorings Market Forecasts and Analysis - By End Use
9.1.5 North America Wood-Plastic Composite Floorings Market Forecasts and Analysis - By Countries
9.1.5.1 Canada Wood-Plastic Composite Floorings Market
9.1.5.1.1 Canada Wood-Plastic Composite Floorings Market by Type
9.1.5.1.2 Canada Wood-Plastic Composite Floorings Market by End Use
9.1.5.2 Mexico Wood-Plastic Composite Floorings Market
9.1.5.2.1 Mexico Wood-Plastic Composite Floorings Market by Type
9.1.5.2.2 Mexico Wood-Plastic Composite Floorings Market by End Use
9.1.5.3 US Wood-Plastic Composite Floorings Market
9.1.5.3.1 US Wood-Plastic Composite Floorings Market by Type
9.1.5.3.2 US Wood-Plastic Composite Floorings Market by End Use
9.2. EUROPE
9.2.1 Europe Wood-Plastic Composite Floorings Market Overview
9.2.2 Europe Wood-Plastic Composite Floorings Market Forecasts and Analysis
9.2.3 Europe Wood-Plastic Composite Floorings Market Forecasts and Analysis - By Type
9.2.4 Europe Wood-Plastic Composite Floorings Market Forecasts and Analysis - By End Use
9.2.5 Europe Wood-Plastic Composite Floorings Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Wood-Plastic Composite Floorings Market
9.2.5.1.1 Germany Wood-Plastic Composite Floorings Market by Type
9.2.5.1.2 Germany Wood-Plastic Composite Floorings Market by End Use
9.2.5.2 France Wood-Plastic Composite Floorings Market
9.2.5.2.1 France Wood-Plastic Composite Floorings Market by Type
9.2.5.2.2 France Wood-Plastic Composite Floorings Market by End Use
9.2.5.3 Italy Wood-Plastic Composite Floorings Market
9.2.5.3.1 Italy Wood-Plastic Composite Floorings Market by Type
9.2.5.3.2 Italy Wood-Plastic Composite Floorings Market by End Use
9.2.5.4 United Kingdom Wood-Plastic Composite Floorings Market
9.2.5.4.1 United Kingdom Wood-Plastic Composite Floorings Market by Type
9.2.5.4.2 United Kingdom Wood-Plastic Composite Floorings Market by End Use
9.2.5.5 Russia Wood-Plastic Composite Floorings Market
9.2.5.5.1 Russia Wood-Plastic Composite Floorings Market by Type
9.2.5.5.2 Russia Wood-Plastic Composite Floorings Market by End Use
9.2.5.6 Rest of Europe Wood-Plastic Composite Floorings Market
9.2.5.6.1 Rest of Europe Wood-Plastic Composite Floorings Market by Type
9.2.5.6.2 Rest of Europe Wood-Plastic Composite Floorings Market by End Use
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Wood-Plastic Composite Floorings Market Overview
9.3.2 Asia-Pacific Wood-Plastic Composite Floorings Market Forecasts and Analysis
9.3.3 Asia-Pacific Wood-Plastic Composite Floorings Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Wood-Plastic Composite Floorings Market Forecasts and Analysis - By End Use
9.3.5 Asia-Pacific Wood-Plastic Composite Floorings Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Wood-Plastic Composite Floorings Market
9.3.5.1.1 Australia Wood-Plastic Composite Floorings Market by Type
9.3.5.1.2 Australia Wood-Plastic Composite Floorings Market by End Use
9.3.5.2 China Wood-Plastic Composite Floorings Market
9.3.5.2.1 China Wood-Plastic Composite Floorings Market by Type
9.3.5.2.2 China Wood-Plastic Composite Floorings Market by End Use
9.3.5.3 India Wood-Plastic Composite Floorings Market
9.3.5.3.1 India Wood-Plastic Composite Floorings Market by Type
9.3.5.3.2 India Wood-Plastic Composite Floorings Market by End Use
9.3.5.4 Japan Wood-Plastic Composite Floorings Market
9.3.5.4.1 Japan Wood-Plastic Composite Floorings Market by Type
9.3.5.4.2 Japan Wood-Plastic Composite Floorings Market by End Use
9.3.5.5 South Korea Wood-Plastic Composite Floorings Market
9.3.5.5.1 South Korea Wood-Plastic Composite Floorings Market by Type
9.3.5.5.2 South Korea Wood-Plastic Composite Floorings Market by End Use
9.3.5.6 Rest of Asia-Pacific Wood-Plastic Composite Floorings Market
9.3.5.6.1 Rest of Asia-Pacific Wood-Plastic Composite Floorings Market by Type
9.3.5.6.2 Rest of Asia-Pacific Wood-Plastic Composite Floorings Market by End Use
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Wood-Plastic Composite Floorings Market Overview
9.4.2 Middle East and Africa Wood-Plastic Composite Floorings Market Forecasts and Analysis
9.4.3 Middle East and Africa Wood-Plastic Composite Floorings Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Wood-Plastic Composite Floorings Market Forecasts and Analysis - By End Use
9.4.5 Middle East and Africa Wood-Plastic Composite Floorings Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Wood-Plastic Composite Floorings Market
9.4.5.1.1 South Africa Wood-Plastic Composite Floorings Market by Type
9.4.5.1.2 South Africa Wood-Plastic Composite Floorings Market by End Use
9.4.5.2 Saudi Arabia Wood-Plastic Composite Floorings Market
9.4.5.2.1 Saudi Arabia Wood-Plastic Composite Floorings Market by Type
9.4.5.2.2 Saudi Arabia Wood-Plastic Composite Floorings Market by End Use
9.4.5.3 U.A.E Wood-Plastic Composite Floorings Market
9.4.5.3.1 U.A.E Wood-Plastic Composite Floorings Market by Type
9.4.5.3.2 U.A.E Wood-Plastic Composite Floorings Market by End Use
9.4.5.4 Rest of Middle East and Africa Wood-Plastic Composite Floorings Market
9.4.5.4.1 Rest of Middle East and Africa Wood-Plastic Composite Floorings Market by Type
9.4.5.4.2 Rest of Middle East and Africa Wood-Plastic Composite Floorings Market by End Use
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Wood-Plastic Composite Floorings Market Overview
9.5.2 South and Central America Wood-Plastic Composite Floorings Market Forecasts and Analysis
9.5.3 South and Central America Wood-Plastic Composite Floorings Market Forecasts and Analysis - By Type
9.5.4 South and Central America Wood-Plastic Composite Floorings Market Forecasts and Analysis - By End Use
9.5.5 South and Central America Wood-Plastic Composite Floorings Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Wood-Plastic Composite Floorings Market
9.5.5.1.1 Brazil Wood-Plastic Composite Floorings Market by Type
9.5.5.1.2 Brazil Wood-Plastic Composite Floorings Market by End Use
9.5.5.2 Argentina Wood-Plastic Composite Floorings Market
9.5.5.2.1 Argentina Wood-Plastic Composite Floorings Market by Type
9.5.5.2.2 Argentina Wood-Plastic Composite Floorings Market by End Use
9.5.5.3 Rest of South and Central America Wood-Plastic Composite Floorings Market
9.5.5.3.1 Rest of South and Central America Wood-Plastic Composite Floorings Market by Type
9.5.5.3.2 Rest of South and Central America Wood-Plastic Composite Floorings Market by End Use
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. WOOD-PLASTIC COMPOSITE FLOORINGS MARKET, KEY COMPANY PROFILES
11.1. ARMSTRONG FLOORING
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. CORETEC
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. MANNINGTON MILLS
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. OAKIO PLASTIC WOOD BUILDING MATERIALS CO.,LTD
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. PARTERRE FLOORING
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. PARTERRE FLOORING SYSTEMS
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. PRO-TEK
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. SPECTRA CONTRACT FLOORING
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. TECNODECK
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. Armstrong Flooring
2. COREtec
3. Mannington Mills
4. Oakio Plastic Wood Building Materials Co.,Ltd
5. Parterre Flooring
6. Parterre Flooring Systems
7. PRO-TEK
8. SPECTRA CONTRACT FLOORING
9. Tecnodeck
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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