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Economic analysis and development strategy of the composites market in the regions of Uzbekistan

Author

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  • S.S.Sidiqov
  • A.A.G’ulomov
  • B.R.Tillayeva

Abstract

This article examines the global wood-plastic composites (WPC) market from an economic and strategicperspective. The market was valued at $7.3 billion in 2024 and is expected to grow at a CAGR of 5.6% during 2024–2032.The study analyzes the key drivers of the WPC industry, including environmental benefits, the emergence of innovativematerials, and the evolving demands of various market segments. The article focuses on the application of WPCs inconstruction, automotive, furniture, and everyday consumer products. Moreover, it outlines the market segmentationand provides insights into how Uzbekistan can integrate into the expanding global market through local production,investment incentives, and supportive policy frameworks

Suggested Citation

  • S.S.Sidiqov & A.A.G’ulomov & B.R.Tillayeva, 2025. "Economic analysis and development strategy of the composites market in the regions of Uzbekistan," GREEN ECONOMY AND DEVELOPMENT, "Ma'rifat-Print-Media" LLC, Tashkent State University of Economics, vol. 3(7), July.
    • Handle: RePEc:teu:ged000:v:3:y:2025:i:7:id:6297
    DOI: 10.5281/zenodo.15857006
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