North America Wood Plastic Composites Market Expected to Reach ,876 Mn By2023

Posted by pooja on June 3rd, 2019

Easy availability of non-utilized plastic and wood wastes and increase in demand from building & construction applications boost the growth of the North America wood plastic composites market.

According to a new report published by Allied Market Research, titled, North America Wood Plastic Composites Market by Type, Application and Country: Opportunity Analysis and Industry Forecast, 2017-2023, the North America wood plastic composites was valued at 6 million in 2016, and is projected to reach at ,876 million by 2023, registering a CAGR of 12.4% from 2017 to 2023.

Access Full Summary at : https://www.alliedmarketresearch.com/north-america-wood-plastic-composites-market

 

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. However, surge in cost of raw materials and issues with respect to mechanical strength and/or weight hamper the market growth.

The prominent players profiled in this report include 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., and Shantex.

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