CLEVELAND – Demand for wood-plastic composite and plastic lumber is projected to advance 9.2% per year to $5.3 billion in 2013, creating a market for 3.3 billion pounds of plastic.
According to a new study by The Freedonia Group Inc., an industry research firm, gains will be driven by continued consumer acceptance of these products as replacements for more traditional materials, including natural wood. The products will be desired for their long life span, minimal exposure to the elements, resistance to degradation caused by insect attack and exposure to the elements and their ability to be cut and hewn like wood.
Decking will continue to be the leading application for composite and plastic lumber. Demand will also be driven by molding and trim, window and doors, landscape products and other uses.
The 302-page study, Wood-Plastic Composite & Lumber, is available for $4,800. For further details, contact Corinne Gangloff at (440) 684-9600 or e-mail firstname.lastname@example.org.
U.S. Wood-Plastic Composite & Lumber Demand
2008 2013 % Annual Growth
Wood-Plastic Composite 1,434 2,365 +10.5
Plastic 1,980 2,935 +8.2
Total 3,414 5,300 +9.2
Source: The Freedonia Group
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