Wood Plastic Composite Market to Gain From Enhanced Demand for Recyclable Material in Automobile Industry: Radiant Insights, Inc.
Decking applications will account for more than two-fifths of composite and plastic lumber demand in 2018, comprising 19 percent of all decking demand.
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This study analyzes US demand for wood-plastic composite and plastic lumber. It presents historical data and forecasts by material , application , market (e.g., residential buildings .
Wood Plastic Composite Market by Type (Polyethylene, . Analysis of country-wise rate of demand of wood-plastic composites for the past three years
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US demand for wood-plastic composite and plastic lumber is forecast to advance 6.9% per year to $5.9 billion in 2020
According to the new report published by Grand View research, the global Wood Plastic Composite Market is expected to reach USD 9.77 billion by 2024, Increasing demand for wood plastic composites in construction industry particularly in decking, fencing, and molding & siding applications is expected to be the key driver for the market growth.
Demand in the United States for wood-plastic composite and plastic lumber is expected to go up 9.8% per year, reaching $5.5 billion by 2018 and creating a market for 2.6 billion pounds of plastic, according to The Freedonia Group.
US demand for wood-plastic composite and plastic lumber is expected to rise 9.8 percent annually to $5.5 billion in 2018, creating a market for 2.6 billion pounds of plastic.
Wood plastic composite market size was valued at USD 4.06 Billion in 2015. Rising application scope in decking and fencing applications is expected to drive demand for the product in the construction industry.
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