The global wood plastic composite market size was estimated at USD 4.01 billion in 2017, progressing at a CAGR of 9.3% over the forecast period. the decking application is expected to progress at an estimated CAGR of 9.3% over the forecast period. Consumers demand products with high aesthetic appeal and long life. North America was the
According to the new report published by Grand View research, the global wood plastic composite market is expected to reach USD 9.77 billion by 2024, Increasing demand for wood plastic composites in construction industry particularly in decking, fencing, and molding and siding applications is expected to be the key driver for the market growth.
Mexico is Projected to Be the Fastest-Growing Country in the North American Wood Decking Market 10.2.2 By Type Figure 29 Wooden Decking Market, By Application, 2016 vs 2021 Figure 30 Wooden Decking Market to Be Dominated By the Residential Sector By 2021
Demand for wood preservatives in decking and framing lumber is projected to increase 12% annually through 2020 to $300 million, thanks to an improving economy and revised AWPA standards that call for more PT lumber that is rated for ground-contact. That's according to a recent study by The Freedonia Group, an industry research firm located in Cleveland, Ohio.
For the purpose of this study, the global wooden decking market has been divided into three segments such as by type, by application and by end user. On the basis of type, the market has been segmented as pressure-treated wood, redwood, cedar wood, tropical hardwood and others.
The division of the Timber Decking Market on the source of Type spans Redwood, Cedar, pressure treated wood, and others that comprise mahogany, teak, tropical hardwood, and tiger wood. The division of the Timber Decking Market on the source of Type of Use spans Rails and infrastructure and Building materials.
Building and construction was the dominant application segment in 2017 amounting for 71.1% market share by revenue, owing to high demand for wood plastic composite for manufacturing decking, fencing, molding and siding, and railing products
The report aims at estimating the market size and future growth potential of composite decking and railing market across different segments such as application, type, resin types, and region. The base year considered for the study is 2014 and the market size is forecasted from 2015 to 2020.
Global Wooden Decking Market Information Report, By Type Pressure-Treated Wood, Redwood, Cedar Wood, Tropical Hardwood and Others , By Application Floor, Wall, Railing and Others , By End User Residential and Non-residential and By Region - Forecast To 2023
On the basis of application, the composite decking market is segmented by residential and non-residential. The non-residential composite decking market is expected to be the dominant segment. The non-residential application of composite decking includes marinas, docks, commercial establishments, public boardwalks, patios, and flooring.
In large, high-growth residential applications such as decking, wood-plastic composite is increasingly preferred to plastic lumber. As nearly two-thirds of composite and plastic lumber demand is generated by the residential market, expansion in residential construction activity will boost composite lumber demand.
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