North America Wood Plastic Composites Market Analysis & Industry Forecast 2017-2023, With an Expected CAGR of 12.4% - ResearchAndMarkets.com
Jul. 05, 2018
DUBLIN--(BUSINESS WIRE)--Jul 5, 2018--The "North America Wood Plastic Composites Market by Type, by Application, and by Country - Opportunity Analysis and Industry Forecast, 2017-2023" report has been added to ResearchAndMarkets.com's offering.
The North America wood plastic composites was valued at $736 million in 2016, and is projected to reach at $1,876 million by 2023, registering a CAGR of 12.4% from 2017 to 2023.
WPCs are composed of wood or wood flour, plastics, and additives. The source of the materials can be either virgin or recycled material. The demand for materials based on renewable raw materials has been on an increase in the recent years. Furthermore, increase in interest from governments about climate protection and sustainability result in the expansion of market size of natural-based materials, such as wood plastic composites (WPC).
Increase in availability of non-utilized plastic and wood wastes, demand from building & construction applications, and stringent regulations on the use of chemicals in building materials majorly boost the growth of the North America wood plastic composites market.
The building & construction segment accounted for more than three-fourths share of the North America market in 2016, in terms of volume, and is expected to maintain its dominance during the forecast period, owing to its improved performance and appearance characteristics.
Companies Mentioned:Advanced Environmental Recycling Technologies Inc. Axion International Inc. Certainteed Corporation Polymera Inc. Tamko Building Products Inc. TimberTech Ltd. Trex Company Inc. Green Matters Mexico Wellington Polymer Technology Inc. Shantex
Key Topics Covered:
Chapter 1: Introduction
Chapter 2: Executive Summary
Chapter 3: Market Overview
Chapter 4: North America Wood Plastic Composites Market, By Type
Chapter 5: North America Wood Plastic Composites Market, By Application
Chapter 6: North America Wood Plastic Composites Market, By Country
Chapter 7: Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/vf4vhw/north_america?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20180705005282/en/
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KEYWORD: NORTH AMERICA
INDUSTRY KEYWORD: MANUFACTURING CHEMICALS/PLASTICS NATURAL RESOURCES FOREST PRODUCTS
SOURCE: Research and Markets
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PUB: 07/05/2018 09:21 AM/DISC: 07/05/2018 09:21 AM