Plastic Lumber Market - Forecast(2024 - 2030)

Report Code: CMR 73743 Report Format: PDF + Excel

Plastic Lumber Market Overview

Plastic Lumber Market is forecast to reach $11.5 Billion by 2030, after growing at a CAGR of 6.90% during 2024-2030. Plastic lumber is a 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.

One of the main factors driving the global market plastic lumber market over the forecast period is that plastic lumber is perceived as an eco-friendly substitute to hardwoods from forests and nontoxic alternative to pressure treated wood, which contains chemicals such as copper. According to a study from the U.S. Army Corps of Engineers, plastic lumber products are stable, durable, resilient, and resistant to weather, rot, mildew, and termites (without chemical pressure-treatment) and hence the market for plastic lumber is estimated to grow. The report covers Plastic Lumber Market size by type and applications, Plastic Lumber Market share by top 5 companies and also the market share by start-ups during the forecast period.

Market Snapshot:

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Report Coverage

The report: “Plastic Lumber Market – Forecast (2024-2030)”, by IndustryARC, covers an in-depth analysis of the following segments of the Plastic Lumber Market.

By Product Type: Virgin Plastic, Recycled Plastic, Composite
By Resin Type: Polyethylene, Polyvinyl Chloride, Polystyrene, Others
By Application: Decking, Molding and Trim, Fencing, Landscaping and Outdoor Products, Windows and Doors and Others
By Geography: North America (USA, Canada, and Mexico), Europe (UK, Germany, Italy, France, Netherlands, Belgium, Spain, Russia, and Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia, and New Zeeland, Indonesia, Taiwan, Malaysia, and Rest of APAC), and Rest of the World: The Middle East (Saudi Arabia, UAE, Israel, Rest of the Middle East) and Africa (South Africa, Nigeria, Rest of Africa)

Key Takeaways

New manufacturing techniques improve color-fade resistance and help to give plastic lumber a closer resemblance to natural woods, particularly expensive hardwoods like ipe and redwood.

The newest application for plastic lumber is backing material for luxury vinyl tile (LVT) flooring. Such materials enhance comfort underfoot and add durability to LVT without sacrificing other performance properties, such as ease of installation.

Plastic lumber reduces demand for other materials like pressure treated wood, having serious environmental impacts. Plastic lumber also competes with other materials such as steel, concrete and aluminum, which have high environmental impacts.

By Product Type - Segment Analysis
Recycled Plastic segment held the largest share in the plastic lumber market in 2023. Recycled plastic lumber is mostly polyethylene reinforced with stiffer plastics or recycled composites like car bumpers and hence do not require any need of protection from insects or other animals. Most of the plastic lumber products use recycled plastics as they are of potential benefit to the environment.   The manufacture of recycled plastic lumber from post-consumer and post-industrial resins is promising as it consumes large quantities of waste plastics that would otherwise be destined to landfills, and converts the waste into useful, durable products.

By Resin Type - Segment Analysis
Polyethylene held the largest share in the plastic lumber market in 2023. Most plastic lumber products on the market are made from high- and low-density polyethylenes (HDPE and LDPE). Nevertheless, plastics vary depending on their production processes and the additional materials used in the formulation of different products. While no plastic is environmentally friendly, polyethylenes have lesser chemical hazards and associated environmental health impacts, making them environmentally preferable to those that have greater hazards and impacts such as polystyrene and polyvinyl chloride. To improve performance qualities such as some plastic lumber producers reinforce the primary plastic resin with other materials like fiberglass which is often used to increase the load-bearing capacity of plastic lumber.

By Application - Segment Analysis
Decking held the largest share in the plastic lumber market in 2023.  Plastic lumber is used to protect forests by preventing new trees from being felled to make decking, fencing, furniture and piers. Most plastic lumber in decks is used as flooring, where the flexural modulus is less critical. Not only will homeowners continue to install decks to create outdoor entertainment and recreation areas, but they will increasingly add such features as outdoor kitchens, firepits, and hot tubs to their decks. Decks will be larger in size and will require more railings and other components to create the tables, benches, privacy lattices, and other related features.


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Geography - Segment Analysis
North America dominated the plastic lumber market with a share of more than 36% during the forecast period.  U.S. is projected to be the fastest-growing market for plastic lumber in North America, followed by Mexico and Canada due to numerous number of manufacturers. Due to massive demand from construction industries and actively growing manufacturing base in North America, it will propel the plastic lumber market during the forecast period.

Drivers – Plastic Lumber Market


Growth in Construction Industry and International Standards
Increased usage of plastic lumber in new construction activities, increased penetration in decking applications, and increased expenditure on residential renovation are key factors driving growth in the plastic lumber market. One key factor driving the growth of plastic lumber use is the increasing number of ASTM International standards. The Plastic Lumber Trade Association (PLTA) has developed most of the current standards and focuses on single-polymer products. The organization aims to increase public awareness and promote the acceptance and use of plastic lumber products for consumer, commercial and government use as well as act and function as a clearing house of information for the industry by collecting information and statistics that will aid the growth of the plastic lumber and other associated industries.

Challenges – Plastic Lumber Market


Viscoelasticity of plastic lumber
Viscoelasticity of plastic lumber is expected to hinder the market growth. The material’s mechanical properties are time–temperature-dependent and subject to permanent deformation (i.e. creep) under sustained loads. The rate of this creep depends on the duration and magnitude of the stress and the temperature at which it is applied. In addition, due to change in temperature, plastic lumber can experience significant dimensional changes. Another critical issue inherent to the material has been its relatively flexural strength and low stiffness.

Market Landscape

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the insulated wall panels market. In 2023, the market of plastic lumber has been consolidated by the top five players accounting for 36% of the share. Major players in the plastic lumber market are:
• Trex Company, Inc. 
• Fiberon
• TANGENT Technologies, LLC.
• Genova Products, Inc.
• PlasTEAK, Inc. and PlasDECK, Inc.
• American Recycled Plastic, Inc.
• KWK Plastic Lumber Co., Ltd.
• Ecoville
• CMI
• Repeat Plastics Australia Pty Ltd. and others.

Acquisitions / Technology Launches

In January 2023, Trex Company, Inc., a leading manufacturer of wood-alternative decking and railing products, acquired Cyclo Industries, LLC, a provider of specialty cleaning products for various industries, including plastic lumber. The acquisition aimed to enhance Trex’s cleaning and care offerings for its customers and distributors.

In March 2023, Fiberon, a subsidiary of Fortune Brands Home & Security, Inc. and a leading producer of composite-based decking, railing, and cladding, acquired CertainTeed’s North American fencing business, which included Bufftech® vinyl fence and SimTek® fence, a specialty product that simulates the look of stone and wood. The acquisition expanded Fiberon’s outdoor living portfolio and increased its presence in the plastic lumber market.

In June 2023, TANGENT Technologies, LLC., a leading manufacturer of recycled plastic lumber products for outdoor living, marine, and industrial markets, acquired Bedford Technology, LLC., a leader in structural plastic lumber for commercial markets. The acquisition created the largest plastic lumber company in North America, with a combined annual capacity of over 200 million pounds.

In September 2023, Genova Products, Inc., a leading manufacturer of plumbing, building, and outdoor living products, acquired PlasTEAK, Inc. and PlasDECK, Inc., two sister companies that specialize in recycled plastic lumber products for marine and outdoor applications.

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1. Plastic Lumber Market - Overview
        1.1 Definitions and Scope
2. Plastic Lumber Market - Executive summary
        2.1 Market Revenue, Market Size and Key Trends by Company
        2.2 Key Trends by type of Application
        2.3 Key Trends segmented by Geography
3. Plastic Lumber Market
        3.1 Comparative analysis
            3.1.1 Product Benchmarking - Top 10 companies
            3.1.2 Top 5 Financials Analysis
            3.1.3 Market Value split by Top 10 companies
            3.1.4 Patent Analysis - Top 10 companies
            3.1.5 Pricing Analysis
4. Plastic Lumber Market - Startup companies Scenario Premium
        4.1 Top 10 startup company Analysis by
            4.1.1 Investment
            4.1.2 Revenue
            4.1.3 Market Shares
            4.1.4 Market Size and Application Analysis
            4.1.5 Venture Capital and Funding Scenario
5. Plastic Lumber Market - Industry Market Entry Scenario Premium
        5.1 Regulatory Framework Overview
        5.2 New Business and Ease of Doing business index
        5.3 Case studies of successful ventures
        5.4 Customer Analysis - Top 10 companies
6. Plastic Lumber Market Forces
        6.1 Drivers
        6.2 Constraints
        6.3 Challenges
        6.4 Porters five force model
            6.4.1 Bargaining power of suppliers
            6.4.2 Bargaining powers of customers
            6.4.3 Threat of new entrants
            6.4.4 Rivalry among existing players
            6.4.5 Threat of substitutes
7. Plastic Lumber Market -Strategic analysis
        7.1 Value chain analysis
        7.2 Opportunities analysis
        7.3 Product life cycle
        7.4 Suppliers and distributors Market Share
8. Plastic Lumber Market - By Product Type(Market Size -$Million / $Billion)
        8.1 Market Size and Market Share Analysis
        8.2 Application Revenue and Trend Research
        8.3 Product Segment Analysis
            8.3.1 Virgin Plastic
            8.3.2 Recycled Plastic
            8.3.3 Composite
9. Plastic Lumber Market - By Resin Type(Market Size -$Million / $Billion)
        9.1 Polyethylene
        9.2 Polyvinyl Chloride
        9.3 Polystyrene
10. Plastic Lumber - By Application(Market Size -$Million / $Billion)
        10.1 Segment type Size and Market Share Analysis
        10.2 Application Revenue and Trends by type of Application
        10.3 Application Segment Analysis by Type
            10.3.1 Decking
            10.3.2 Molding Trim
            10.3.3 Fencing
            10.3.4 Landscaping Outdoor Product
            10.3.5 Window Door
11. Plastic Lumber- By Geography (Market Size -$Million / $Billion)
        11.1 Plastic Lumber Market - North America Segment Research
        11.2 North America Market Research (Million / $Billion)
            11.2.1 Segment type Size and Market Size Analysis
            11.2.2 Revenue and Trends
            11.2.3 Application Revenue and Trends by type of Application
            11.2.4 Company Revenue and Product Analysis
            11.2.5 North America Product type and Application Market Size
                  11.2.5.1 U.S
                  11.2.5.2 Canada
                  11.2.5.3 Mexico
                  11.2.5.4 Rest of North America
        11.3 Plastic Lumber- South America Segment Research
        11.4 South America Market Research (Market Size -$Million / $Billion)
            11.4.1 Segment type Size and Market Size Analysis
            11.4.2 Revenue and Trends
            11.4.3 Application Revenue and Trends by type of Application
            11.4.4 Company Revenue and Product Analysis
            11.4.5 South America Product type and Application Market Size
                  11.4.5.1 Brazil
                  11.4.5.2 Venezuela
                  11.4.5.3 Argentina
                  11.4.5.4 Ecuador
                  11.4.5.5 Peru
                  11.4.5.6 Colombia
                  11.4.5.7 Costa Rica
                  11.4.5.8 Rest of South America
        11.5 Plastic Lumber- Europe Segment Research
        11.6 Europe Market Research (Market Size -$Million / $Billion)
            11.6.1 Segment type Size and Market Size Analysis
            11.6.2 Revenue and Trends
            11.6.3 Application Revenue and Trends by type of Application
            11.6.4 Company Revenue and Product Analysis
            11.6.5 Europe Segment Product type and Application Market Size
                  11.6.5.1 U.K
                  11.6.5.2 Germany
                  11.6.5.3 Italy
                  11.6.5.4 France
                  11.6.5.5 Netherlands
                  11.6.5.6 Belgium
                  11.6.5.7 Denmark
                  11.6.5.8 Spain
                  11.6.5.9 Rest of Europe
        11.7 Plastic Lumber - APAC Segment Research
        11.8 APAC Market Research (Market Size -$Million / $Billion)
            11.8.1 Segment type Size and Market Size Analysis
            11.8.2 Revenue and Trends
            11.8.3 Application Revenue and Trends by type of Application
            11.8.4 Company Revenue and Product Analysis
            11.8.5 APAC Segment - Product type and Application Market Size
                  11.8.5.1 China
                  11.8.5.2 Australia
                  11.8.5.3 Japan
                  11.8.5.4 South Korea
                  11.8.5.5 India
                  11.8.5.6 Taiwan
                  11.8.5.7 Malaysia
                  11.8.5.8 Hong kong
                  11.8.5.9 Rest of APAC
        11.9 Plastic Lumber - Middle East Segment and Africa Segment Research
        11.10 Middle East & Africa Market Research (Market Size -$Million / $Billion)
            11.10.1 Segment type Size and Market Size Analysis
            11.10.2 Revenue and Trend Analysis
            11.10.3 Application Revenue and Trends by type of Application
            11.10.4 Company Revenue and Product Analysis
            11.10.5 Middle East Segment Product type and Application Market Size
                  11.10.5.1 Israel
                  11.10.5.2 Saudi Arabia
                  11.10.5.3 UAE
            11.10.6 Africa Segment Analysis
                  11.10.6.1 South Africa
                  11.10.6.2 Rest of Middle East & Africa
12. Plastic Lumber Market - Entropy
        12.1 New product launches
        12.2 M&A s, collaborations, JVs and partnerships
13. Plastic Lumber Market - Industry / Segment Competition landscape Premium
        13.1 Market Share Analysis
            13.1.1 Market Share by Country- Top companies
            13.1.2 Market Share by Region- Top 10 companies
            13.1.3 Market Share by type of Application - Top 10 companies
            13.1.4 Market Share by type of Product / Product category- Top 10 companies
            13.1.5 Market Share at global level - Top 10 companies
            13.1.6 Best Practises for companies
14. Plastic Lumber Market - Key Company List by Country Premium
15. Plastic Lumber Market Company Analysis
        15.1 Market Share, Company Revenue, Products, M&A, Developments
        15.2 Advanced Environmental Recycling Technology Inc
        15.3 Aeolian Enterprise Inc
        15.4 American Recycled Plastic Inc
        15.5 Bedford Technology Llc
        15.6 Century-Board Usa, Llc
        15.7 Engineered Plastic System Llc
        15.8 Genova Product Inc
        15.9 Kwk Plastic Lumber Co , Ltd
        15.10 Tangent Technologies, Llc
        15.11 Trex Company, Inc
        15.12 Company 11
        15.13 Company 12 & More
*Financials would be provided on a best efforts basis for private companies
16. Plastic Lumber Market - Appendix
        16.1 Abbreviations
        16.2 Sources
17. Plastic Lumber Market - Methodology
        17.1 Research Methodology
            17.1.1 Company Expert Interviews
            17.1.2 Industry Databases
            17.1.3 Associations
            17.1.4 Company News
            17.1.5 Company Annual Reports
            17.1.6 Application Trends
            17.1.7 New Products and Product database
            17.1.8 Company Transcripts
            17.1.9 R&D Trends
            17.1.10 Key Opinion Leaders Interviews
            17.1.11 Supply and Demand Trends