Wood plastic composite market to grow at CAGR of 12.2% between 2014 and 2019

The wood plastic composite market is projected to grow from US$2579.90 mln in 2014 to US$4601.7 mln by 2019, with a CAGR of 12.2% between 2014 and 2019, as per MarketsandMarkets. Polyethylene is the single-largest segment, holding 56.6% share of the global wood plastic composite market in 2014 and is projected to grow with a CAGR of 12% between 2014 and 2019. North America is the largest market of polyethylene and Asia stood second in 2014. The wood plastic composite market consists of four application; they are building and construction products, automotive components, industrial & consumer goods and others. The demand for building and construction segment accounted for the largest share in 2014. North America was the largest consumer of building and construction products in 2014, followed by the Asian region.
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