The global Wood Plastic Composite market size was valued at USD 4.06 billion in 2015. The expanding application scope in decking and fencing applications is expected to drive demand for the product in the construction industry.
Growing demand for wood plastic composite as a low cost and environmentally friendly substitute to plastic and steel components in construction applications is expected to drive market growth.
The improved properties offered by the wood plastic composites, such as better recyclability, thermal stability, and stiffness, are expected to open new avenues for the industry growth over the next eight years. Moreover, its rising use in street constructions and landscaping owing to the noise barrier properties offered by the product is likely to propel demand.
