WPC & Plastic Lumber with Covid-19 Market Impact Analysis
US demand for WPC and plastic lumber is forecast to rise 3.7% per year to $4.9 billion in 2024. Despite anticipated declines in 2020 due to economic weakness and a slowdown in construction related to the COVID-19 pandemic, demand is expected to recover by 2021 and continue to see healthy advances through the forecast.
Gains will be driven by rising interest in the performance advantages of WPC and plastic lumber products compared to natural wood, such as superior durability and low maintenance requirements. The ability of WPC and plastic lumber products to resemble natural wood also supports use in applications where the look of natural wood is desired.
Scope of the Report
This study analyzes the US market for wood-plastic composite WPC lumber and plastic lumber by material (cellulose, PVC, polyethylene, and other resins), region (Northeast, Midwest, South, West), market (new and improvement and repair residential, commercial, and nonbuilding construction), and application. Applications encompass:
decking
moulding and trim
fencing
landscaping and outdoor products
windows and doors
other applications such as spa cabinets, marine decks, multilayer flooring backings, and railroad ties
Historical data are provided for 2009, 2014, and 2019 with forecasts for 2024 and 2029. Data are provided in dollar value and lineal feet. Also included is a comprehensive corporate analysis including market share by company and market leader profiles.
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