Wood plastic composite plays an important role in the building and construction industry in producing products such as landscape timbers, railing, decking, fence, window and door elements, panels, molding, roofing, and siding, the report suggests.
Increasing demand for wood-plastic composites in the manufacture of building and construction products is estimated to boost the overall wood-plastic composites market over the next few years. Additionally, the rising demand for wood-plastic composites to manufacture several interior components of automobiles is projected to fuel market growth.
Rapid pace
North America and Asia are the top-two consumers of wood plastic composite in the world. US and China are key countries in North American and Asian regions, respectively and these countries are growing with CAGRs of 10.1% and 14.7% between 2014 and 2019. China, India, and Brazil are also growing at a rapid pace because of the rising domestic demand.
The report, Wood Plastic Composite Market by Type, Applications and Region - Trends & Forecasts (2014 - 2019) is available from Research and Markets.
