Wood plastic composite market to grow at CAGR of 10.5% between 2014 and 2019

30-Jan-15

The wood plastic composite market is estimated to be worth 1,046.1 kilotons in 2014 and is projected to reach 1,728.9 kilotons by 2019, growing at a CAGR of 10.5% between 2014 and 2019, as per Research and Markets. The wood plastic composite market is projected to reach US$4,601.7 million by 2019. 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. This report provides a comprehensive analysis of the wood plastic composite market. It categorizes the wood plastic composite market based on type, application, and geography. 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.