Market Overview:
The global WPC flooring market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for WPC flooring from residential and commercial applications. PVC, PE, and PP are the major types of WPC flooring available in the market. PVC is expected to be the fastest-growing type during the forecast period owing to its properties such as durability, water resistance, and low maintenance cost.
Product Definition:
WPC flooring is a composite product made of wood fibers and plastic. It is usually installed as a floating floor, meaning it is not glued or nailed to the subfloor. WPC flooring has several advantages over traditional wood floors: it is waterproof, so it can be used in bathrooms and kitchens; it does not require periodic sanding and refinishing; and it is more resistant to scratches, dents, and stains than traditional wood floors.
PVC:
Polyvinyl Chloride or PVC is a synthetic flexible plastic with excellent chemical and mechanical properties. It can be used as an alternative to natural wood in flooring applications. The growth factor for WPC includes its wide range of applications such as pipes, cables, vinyl fencing & panels, window frames & screens, toys & games and flooring among others.
PE:
Polyethylene is a widely used thermoplastic polymer in the flooring industry. It is produced from crude oil through ethylene cracking and polyesterization processes. The product has high demand owing to its properties such as low cost, easy installation, resistance to chemicals & stains, durability and availability in various colors & textures.
PE fibers are lightweight; hence they are extensively used for manufacturing composite panels that can be installed on concrete surfaces as well as on wooden floors.
Application Insights:
The global WPC flooring market has been segmented on the basis of application into household, office, factory and others. The household application dominated the overall industry in terms of revenue in 2017. This is attributed to rising disposable income levels coupled with an increase in number of households globally. Moreover, increasing urbanization along with a growing preference for wooden flooring among consumers is expected to drive demand over the forecast period.
The office application segment accounted for 21% share of the total market volume in 2017 owing to its high durability and cost-effectiveness as compared to traditional carpets and tiles.
Regional Analysis:
Asia Pacific dominated the global WPC flooring market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing construction activities in emerging economies, such as China and India. In addition, rising demand for commercial spaces, such as factories and offices, is also anticipated to drive product demand over the forecast period.
The European region occupied a significant share of global revenue in 2017 owing to high acceptance of modern construction materials coupled with stringent regulations for green building initiatives by regional governments. Moreover, growing consumer awareness regarding energy efficiency along with strict implementation of EU directives related to energy consumption is likely boost industry growth over the next eight years.
Growth Factors:
- Increasing demand from the construction sector for flooring that is both stylish and durable
- Rising awareness about the benefits of WPC Flooring over traditional flooring materials
- Growing popularity of DIY projects and home improvement initiatives
- Proliferation of online retail platforms that offer a wide range of WPC Flooring products at competitive prices
- Advances in manufacturing technology that have led to the development of more sophisticated and aesthetically pleasing WPC Flooring products
Scope Of The Report
Report Attributes
Report Details
Report Title
WPC Flooring Market Research Report
By Type
PVC, PE, PP
By Application
Household, Office, Factory, Others
By Companies
Sentai WPC, NewtechWood, Lesco, Jufeng WPC, LUXWOOD, Sunywood, Golden Elephant, xinyuan, HongJing, TaiXu
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
205
Number of Tables & Figures
144
Customization Available
Yes, the report can be customized as per your need.
Global WPC Flooring Market Report Segments:
The global WPC Flooring market is segmented on the basis of:
Types
PVC, PE, PP
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Household, Office, Factory, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Sentai WPC
- NewtechWood
- Lesco
- Jufeng WPC
- LUXWOOD
- Sunywood
- Golden Elephant
- xinyuan
- HongJing
- TaiXu
Highlights of The WPC Flooring Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- PVC
- PE
- PP
- By Application:
- Household
- Office
- Factory
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the WPC Flooring Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
WPC Flooring is a type of flooring made from recycled plastic. It is often used in residential and commercial settings, as it is durable and easy to clean.
Some of the key players operating in the wpc flooring market are Sentai WPC, NewtechWood, Lesco, Jufeng WPC, LUXWOOD, Sunywood, Golden Elephant, xinyuan, HongJing, TaiXu.
The wpc flooring market is expected to register a CAGR of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 WPC Flooring Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 WPC Flooring Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 WPC Flooring Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the WPC Flooring Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global WPC Flooring Market Size & Forecast, 2018-2028
4.5.1 WPC Flooring Market Size and Y-o-Y Growth
4.5.2 WPC Flooring Market Absolute $ Opportunity
Chapter 5 Global WPC Flooring Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 WPC Flooring Market Size Forecast by Type
5.2.1 PVC
5.2.2 PE
5.2.3 PP
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global WPC Flooring Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 WPC Flooring Market Size Forecast by Applications
6.2.1 Household
6.2.2 Office
6.2.3 Factory
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global WPC Flooring Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 WPC Flooring Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America WPC Flooring Analysis and Forecast
9.1 Introduction
9.2 North America WPC Flooring Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America WPC Flooring Market Size Forecast by Type
9.6.1 PVC
9.6.2 PE
9.6.3 PP
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America WPC Flooring Market Size Forecast by Applications
9.10.1 Household
9.10.2 Office
9.10.3 Factory
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe WPC Flooring Analysis and Forecast
10.1 Introduction
10.2 Europe WPC Flooring Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe WPC Flooring Market Size Forecast by Type
10.6.1 PVC
10.6.2 PE
10.6.3 PP
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe WPC Flooring Market Size Forecast by Applications
10.10.1 Household
10.10.2 Office
10.10.3 Factory
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific WPC Flooring Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific WPC Flooring Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific WPC Flooring Market Size Forecast by Type
11.6.1 PVC
11.6.2 PE
11.6.3 PP
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific WPC Flooring Market Size Forecast by Applications
11.10.1 Household
11.10.2 Office
11.10.3 Factory
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America WPC Flooring Analysis and Forecast
12.1 Introduction
12.2 Latin America WPC Flooring Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America WPC Flooring Market Size Forecast by Type
12.6.1 PVC
12.6.2 PE
12.6.3 PP
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America WPC Flooring Market Size Forecast by Applications
12.10.1 Household
12.10.2 Office
12.10.3 Factory
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) WPC Flooring Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) WPC Flooring Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) WPC Flooring Market Size Forecast by Type
13.6.1 PVC
13.6.2 PE
13.6.3 PP
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) WPC Flooring Market Size Forecast by Applications
13.10.1 Household
13.10.2 Office
13.10.3 Factory
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 WPC Flooring Market: Competitive Dashboard
14.2 Global WPC Flooring Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Sentai WPC
14.3.2 NewtechWood
14.3.3 Lesco
14.3.4 Jufeng WPC
14.3.5 LUXWOOD
14.3.6 Sunywood
14.3.7 Golden Elephant
14.3.8 xinyuan
14.3.9 HongJing
14.3.10 TaiXu
