Wood-plastic Composites Are Still in Strong Demand in Building and Construction Industry

Wood-plastic composites are used in a wide range of industries, including automotive, electrical, the building and construction sectors. Research reports indicate that they are also widely used in pallets, soles, toys and musical instruments around the world. The demand for these composite materials in the building and construction industry has been higher for the past few years. Due to the wide application of these composites in decking board, window trims, door components, rails and railings, and fencing and sliding products, the building and construction industry is likely to remain the major consumer of wood-plastic composites in the coming years.

The global market for wood-plastic composites is geographically divided into Europe, Asia Pacific, North America and the Rest of the World (RoW). North America has a share of more than 65% and led the global market in 2012. The regional market is expected to continue to maintain its leading position during the forecast period. On the other hand, the Asia Pacific region is expected to bring the most profitable growth opportunities for wood-plastic composites manufacturers in the near future.

The Rise of Automotive Industry Promotes Demand Growth

The study's authors say that the global market for wood-plastic composites is witnessing a high rise in its size and valuation, and will continue to do so in the next few years. The significant growth in industrialization and the rising trend of urbanization has fueled building and construction activities around the world, which greatly affecting the demand for wood-plastic composites.

Looking ahead, the rise of the automotive industry will have a positive impact on the demand for wood-plastic composites in the near future.