Market Research Report
North America Wood Plastic Composites Market Forecast 2020-2028
|Published by||Inkwood Research||Product code||408525|
|Published||Content info||111 Pages
Delivery time: 2-3 business days
|North America Wood Plastic Composites Market Forecast 2020-2028|
|Published: February 7, 2020||Content info: 111 Pages||
The North American market of wood plastic composites is evaluated to record a CAGR of 10.45% in terms of revenue during the projected period of 2020-2028, and register a CAGR of 9.03% in terms of volume during this period. One of the significant factors driving the growth of the market in the region is the increased customer preference for wood plastic composite products in countries like the US.
The North American market region, with regard to the wood plastic composites market, is researched through the regions of the US and Canada. Canada occupies the second position in the North American market region. The wood plastic composites consist of wood, thermoplastic, and some additives like pigments and lubricants. The polymers used for WPC comprises of low-cost and high volume commodity thermoplastics such as polypropylene, polyethylene, and polyvinyl chloride. The leading manufacturers of wood plastic composites include Nexwood, Xtendex, and Brite Manufacturing in Canada. The Canadian market has been progressing positively in recent times, due to rising demand from the application segments. The prime focus of the wood plastic composites market has been on the production of railing systems and composite deck boards. The present trend in Canada is to manufacture WPC with virgin polymers using polypropylene, vinyl, HDPE, and polystyrene.
Fiberon, LLC, Axion International, CertainTeed Corporation, TimberTech, Advanced Environmental Recycling Technologies, Inc., etc. are some of the renowned companies registering their presence in the market.