Market Research Report
North America Wood Plastic Composites Market Forecast 2019-2027
|Published by||Inkwood Research||Product code||408525|
|Published||Content info||120 Pages
Delivery time: 2-3 business days
|North America Wood Plastic Composites Market Forecast 2019-2027|
|Published: April 8, 2019||Content info: 120 Pages||
The North American wood plastic composite market stood at $XX million in 2018. By the end of the forecast period of 2019-2027, the North America wood plastic composites market is anticipated to get $XX million by 2027, at a CAGR of 10.13%. In terms of volume, it is expected to grow with a CAGR of 8.66%.
North America is the largest market for wood-plastic composites in the world. Wood plastic composites (WPC) have been witnessing a rapid growth since the past decade in the North American region. The U.S wood plastic composite market leads the North American region. The increase in residential construction, combined with the rise in residential improvements and repair expenditures, is expected to drive the demand for wood-plastic composites in the U.S. Canada holds the second position in the North American wood-plastic composites market. The current trend in Canada is to manufacture WPC with virgin polymers, using HDPE, polypropylene, polystyrene, and vinyl.
Companies like Axion International, Inc., Polymera, Inc., Beologic N.V., Trex Company, Inc., Tamko Building Products, Inc., Universal Forest Products, Inc., TimberTech, CertainTeed, Advanced Environmental Recycling Technologies, Inc. (AERT), Josef Ehrler GmbH & Co. KG, FKUR Kunststoff GmbH, Fiberon, LLC, and Polyplank AB are engaged in the wood plastic composite market.