Fiberon, CPG International, and Trex are three key vendors highlighted in a new Technavio report
London, 16 October 2015 – Technavio has published a new report on the global wood-plastic composites market, which is expected to grow at a CAGR of over 14% from 2015-2019.
Wood-plastic composites market segmentation including type of plastic, end-user, and geography
Technavio’s report analyses the solutions and products offered by market vendors and presents a comprehensive breakdown in terms of market segmentation for different types of plastic, including polyethylene, polyvinyl chloride (PVC), and others (such as polypropylene (PP)).
Additionally, analysts have segmented market projections by key geography, and also by end-user, focusing on building materials industry, automotive industry, industrial and infrastructure industry, and others.
“Vendors are increasingly exploring the use of wood-plastic composites in a number of new application areas. For instance, the use of wood-plastic composites in non-structural areas such as in wall trims, staircase and balcony pillars, and floor tiles is increasing, thus propelling market growth,” says Faisal Ghaus, Vice President of Technavio.
Wood-plastic composites: Market scope and calculation of market size
This report covers the present scenario and growth prospects for the global wood-plastic composites market from 2015-2019. To arrive at a ranking for the leading market vendors and to calculate the market size, the report considers revenue generated by these vendors through sales of wood-plastic composite products.
Industry analysis includes:
- Advanced Environmental Recycling Technologies
- CPG International
Market Growth Drivers:
- Growth in housing and construction industries
- Increasing demand for PVC-capped decking products
- Product limitations in certain applications
- Low preference for recyclates in products
- Increase in applications in non-structural areas
- Market consolidation between marketers and distributors
View the global wood-plastic composites market report.
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