CLEVELAND — Demand for wood-plastic composite and plastic lumber is projected to advance 10% per year through 2011 to $5.5 billion, according to The Fredonia Group Inc.’s new study, Composite & Plastic Lumber.
Demand for these products will be driven by: product performance characteristics such as durability, weatherability, low maintenance and low life cycle cost; increasing consumer and contractor familiarity; a widening distribution network; and product enhancements that enhance appearance,
Freedonia said. Demand for wood-plastic composite lumber is expected to grow 14% per year, with plastic lumber experiencing a 7% growth rate.
Have something to say? Share your thoughts with us in the comments below.