Market Research Report
Wood Plastic Composite Market Size, Share & Trends Analysis Report By Type (PE, PP, PVC), By Application (Building & Construction,Automotive Components, Industrial and Consumer Goods), By Region, And Segment Forecasts, 2020 - 2027
|Wood Plastic Composite Market Size, Share & Trends Analysis Report By Type (PE, PP, PVC), By Application (Building & Construction,Automotive Components, Industrial and Consumer Goods), By Region, And Segment Forecasts, 2020 - 2027|
Published: February 26, 2020
Grand View Research, Inc.
Content info: 210 Pages
Delivery time: 2-10 business days
The global wood plastic composite market size is expected to reach USD 12.5 billion by 2027, expanding at a revenue-based CAGR of 11.4%, according to a new report by Grand View Research, Inc. Increasing demand for wood plastic composite in manufacturing noise barriers for street construction and sheet pilings for landscaping and garden furniture is expected to drive market growth.
Wood plastic composite has high durability, bending strength, shear strength, low moisture content, and low water absorption, as compared to conventional wood products. These properties have made it viable for use in railings, windows, doors, exterior siding, fencing, flooring, interior molding, and landscape materials.
Increasing infrastructural development activities, especially in the emerging economies such as China, India, Thailand, and Brazil coupled with the growing demand for aesthetically appealing furniture and flooring solutions across the globe has surged the demand for wood plastic composite in the construction industry in the recent times.
The rising demand for single-family rental homes is surging in U.S. which has urged builders to focus on redesigning the models. Over 70% of the large urban regions saw a boost in infill housing development in 2018. This rise in infill development is projected to create opportunities for wood plastic composite manufacturers over the forecast period.