Plastic Lumber Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth And Forecast 2020 - 2025

 Plastic Lumber Market is forecast to reach $8.24 Billion by 2025, after growing at a CAGR of 6.90% during 2020-2025. 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.

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Report Coverage

The report: “Plastic Lumber Market – Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the Plastic Lumber Market.

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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.
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By Product Type - Segment Analysis

Recycled Plastic segment held the largest share in the plastic lumber market in 2019. 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 2019. 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.

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