Back to Ideabooks

Wood Plastic Composites Market Size, Business Share Segmentation, Report, Global Forecast by 2027

Rushab Adsule Rushab Adsule
Edit
Add photo

The global

wood plastic

composites market report

is likely to gain impetus from their increasing application in

kitchen accessories, home furniture, vehicle interiors, and car speakers. They

are considered to be the highest growing plastic additives at present The

report further mentions that the wood plastic composites market size was USD

4.77 billion in 2019 and is projected to reach USD 9.03 billion by 2027,

exhibiting a CAGR of 8.57% during the forecast period.



Regional

Analysis-



In terms of region, North America procured USD

2.24 billion revenue in 2019 stocked by the rising demand for environmentally-friendly

solutions and products in this region. In addition to this, the rising

application of wood plastic composites in decking would drive growth. In Asia

Pacific, developing countries, such as China and India are experiencing rapid

industrialization. Coupled with this, the improvements and modernizations in

buildings and road construction activities would accelerate growth in this

region. The Middle East and Africa and Latin America are set to exhibit steady

growth fueled by the surging number of construction activities in both regions.



Information Source:



https://www.fortunebusinessinsights.com/wood-plastic-composite-market-102821