Natural wood in home decking, fencing and other residential applications will continue to lose ground to synthetic lumber composites, a new market forecast warns.
Demand for wood-plastic composite and plastic lumber is projected to advance 9.2 percent per year to $5.3 billion in 2013, creating a market for 3.3 billion pounds of plastic, reports The Freedonia Group Inc., a Cleveland-based industry research firm.
Gains will be driven by increasing consumer acceptance of these products as replacements for natural wood and other traditional materials.
Composite and plastic lumber will enjoy growing popularity due to their durability, minimal maintenance requirements, resistance to weathering and insect degradation, and wood-like appearance and versatility.
Composites are also perceived as environmentally friendly products, due to their incorporation of recycled materials.
Decking will continue to be the leading application for composite and plastic lumber. Both decking and fencing made of composites are forecast to see above-average gains. While structures made from these materials may cost more initially, their low maintenance makes them less expensive in the long term.
For more information on the report, “Wood-Plastic Composite & Plastic Lumber,” contact Corinne Gangloff at 440.684.9600, e-mail email@example.com, or visit www.freedoniagroup.com.