Wood Plastic In The United States Grows StrongerTuesday, March 20, 2018
Why the wood plastic grows faster in the united states
As a world-renowned market research institute issued a report a few days ago that with the gradual recovery of the construction industry, the demand for wood plastic composite materials in the United States has been increasing in recent years. It is estimated that the market demand for wood plastic composite material in the United States will increase at a rate of 9.8% per year over the next four years, and the market value of wood plastic composite materials in 2018 is expected to reach US$5.5 billion. This report pointed out that the strong rebound in the US real estate market in 2017, the strengthening of the residential decoration market and the large-scale transformation of infrastructure construction further pushed up the country’s market demand for wood plastic composite materials.
Market analyst Paul Goehrke said that the decorating market has become one of the largest applications for wood plastic composite material. At present, the demand for wood plastic composite materials in this area accounts for more than two-fifths of the total demand. In recent years, wood plastic composite flooring is also highly sought after by the market due to its inherent aesthetic value.
Wood plastic composite materials are a basic material covering a wide range of products. Many types of products and various forms are made of wood plastic composite material. It fully embodies the advanced concepts of sustainable economy such as circular economy, resource utilization, health and saving and alternatives. The most important use of wood plastic composite material is to replace the application of solid wood in various fields. At present, North America is one of the fastest growing and most used global wood plastic composite materials markets.