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U.S. Wood Plastic Composite | Market Growth and Future Opportunities by Jitendra Magar · September 17, 2018
The U.S. wood plastic composite market size is anticipated to reach USD 4.54 billion by 2025 owing to increasing demand from construction sector. Rising awareness regarding properties of wood plastic composites (WPCs) such as better thermal stability air max 270 pas cher , recyclability, and stiffness is expected to propel market growth over the forecast period. Furthermore, rising application scope in landscaping and street constructions due to noise barrier characteristics coupled with booming construction and automotive industries are expected to fuel regional market expansion. Rising application of WPC for manufacturing various consumer goods such as pencils http://www.achetermax270pascher.fr/ , toys, lipsticks, cups air max 270 soldes , and high-class packaging is projected to propel demand in near future.
In terms of revenue, polyethylene held larger market share owing to extensive applications in high performance operations such as construction and packaging. Moreover, eco-friendliness of this composite is expected to complement market. Polyvinylchloride is expected to be the fastest growing segment over the forecast period as it is widely used across automotive air max 270 pas cher soldes , furniture, and construction industries. Commercial WPCs used in manufacturing high-end furniture, automotive units for luxurious cars air max 270 homme pas cher , and other wooden infrastructure, make heavy use of polyvinylchloride as a raw material.
Automotive is expected to be the fastest growing application segment in the wood plastic composite market over the forecast period. WPCs are increasingly being used in manufacturing car interiors, door panels air max 270 femme pas cher , and seat cushions owing to their high machinability. This factor is projected to provide growth opportunity in the forthcoming years. WPC is used in high- and mid-range passenger vehicle manufacturing. Rising demand for lightweight automotive to boost fuel efficiency and to reduce carbon emissions is expected to propel market growth.
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Improving economy in U.S. is expected to drive demand for commercial and residential construction and renovation activities. Rising high income population resulting in higher spending power is expected to propel demand for high-end vehicles. Decking application is expected to witness expansion at a significant CAGR owing to dimensional stability, low maintenance cost, and extended life span of wood plastic composite. Increasing consumer demand for products with high aesthetic appeal and longevity is expected to propel the market over the forecast period. Wood plastic composite also prevents growth of mold and premature aging of deck grossiste air max 270 chine , thus increasing adoption in manufactuing decks.