Global wood plastic composite market to grow

09-Dec-14

Wood plastic composite are manufactured with major five process across the globe which includes extrusion, injection, co-extrusion, foaming and rotomolding. Leading companies in the wood plastic composite are continuously seeking new technologies for manufacturing wood plastic composite with high efficiency. The wood plastic composite market is projected to reach US$4,601.7 mln by 2019, as per Research and Markets. By type, polyethylene are estimated to be the largest in 2014, and are projected to grow with the increasing demand for decking in the building and construction segment. Benefits such as high resistant to rot, decay, and marine borer attack are driving the market demand. The wood plastic composite market is segmented on the basis of application that includes building and construction products, automotive components, industrial & consumer goods, and others. The demand for wood plastic composite for building and construction products accounted for the largest share in 2014. North America is the largest consumer of wood plastic composite in 2014, followed by the Asian region.