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 $736 million in 2016, and is projected to
reach at $1,876 million by 2023, registering a CAGR of 12.4% from 2017 to 2023.
Request
Sample Report at: https://www.alliedmarketresearch.com/request-sample/4595
WPCs are composed of wood or wood
flour, plastics, and additives. The source of the materials can be either
virgin or recycled material. The demand for materials based on renewable raw
materials has been on an increase in the recent years. Furthermore, increase in
interest from governments about climate protection and sustainability result in
the expansion of market size of natural-based materials, such as wood plastic
composites (WPC).
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 building & construction segment
accounted for more than three-fourths share of the North America market in
2016, in terms of volume, and is expected to maintain its dominance during the
forecast period, owing to its improved performance and appearance
characteristics. However, automotive components are expected to grow with a
high rate due to rise in demand for recyclable and lightweight materials.
Based on country, the market is
analyzed across U.S., Canada, and rest of North America. The U.S. generated the
highest revenue in 2016, accounting for $517 million, owing to increased
automotive production in the country.
For Purchase Enquiry: https://www.alliedmarketresearch.com/purchase-enquiry/4595
Key Findings of the North America Wood
Plastic Composites Market:
- U.S. is expected to continue to lead the
market throughout 2016 to 2023, followed by Canada.
- Canada is projected to register the highest
growth rate from 2017 to 2023.
- The PE-based composites segment contributed
approximately 70% share of the market revenue in 2016.
- The building & construction segment is
projected to dominate the North America wood composites market.
- Automotive components segment is projected to
register the highest growth rate from 2016 to 2023.
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.
Access Full Summary @ https://www.alliedmarketresearch.com/artificial-turf-market
About Us:
Allied Market Research (AMR) is a
full-service market research and business-consulting wing of Allied Analytics
LLP based in Portland, Oregon. Allied Market Research provides global
enterprises as well as medium and small businesses with unmatched quality of
“Market Research Reports” and “Business Intelligence Solutions”. AMR has a
targeted view to provide business insights and consulting to assist its clients
to make strategic business decisions and achieve sustainable growth in their
respective market domain.
We are in professional corporate
relations with various companies and this helps us in digging out market data
that helps us generate accurate research data tables and confirms utmost
accuracy in our market forecasting. Each and every data presented in the
reports published by us is extracted through primary interviews with top
officials from leading companies of domain concerned. Our secondary data
procurement methodology includes deep online and offline research and
discussion with knowledgeable professionals and analysts in the industry.
Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022,
+1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
Market Pulse: https://blog.alliedmarketresearch.com/2
No comments:
Post a Comment