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The North American wood plastic composite market stood at $1758 million in 2017. By the end of the forecast period of 20182026, the market is anticipated to rise with 11.52% CAGR, generating a net total of $4635.7 million.
North America is the largest market for woodplastic composites in the world. Woodplastic composites WPC have been witnessing a rapid growth since the past decade in the North American region. The U.S wood plastic composite market leads the North American region. The increase in residential construction, combined with the rise in residential improvements and repair expenditures, is expected to drive the demand for woodplastic composites in the U.S. Canada holds the second position in the North American woodplastic composites market. The current trend in Canada is to manufacture WPC with virgin polymers, using HDPE, polypropylene, polystyrene, and vinyl.
Companies like Polymera Inc, Trex Company Inc, Axion International Inc, Beologic N.V, Universal Forest Products Inc, Advanced Environmental Recycling Technologies Inc. AERT, Certainteed, Fiberon Llc, and Timbertech are engaged in the wood plastic composite market.NEXT ARTICLE