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Wood-plastic Composites Market worth $11.9 billion by 2028 - Exclusive Report by MarketsandMarkets™
Polyethylene (PE) is one of the four most popular thermoplastics in the world. PE is generally divided into high-density polyethylene (HDPE), low-density polyethylene (LDPE), and linear low-density polyethylene (LLDPE). One of the most important properties of polyethylene is its molecular structure, stability, and special arrangement of the molecules within the polymer matrix. PE contains approximately 30% to 75% wood fibers and 3% to 5% agents. It gets widely used in wall cladding, hollow boards, hollow filler sections, and profiles.
Building & construction applications hold the largest share the of Wood-Plastic Composites Market. Wood-plastic composites offers long shell life that makes them better option than wood composites. Wood-plastic composites get considered as eco-friendly products and hence getting widely adopted across the globe.
In North America , the high usage of wood-plastic composites is driven by its high usage in decking, fencing, railings, and others. Many recent technological developments in the use of wood-plastic composites in the automotive component's application is further driving the demand of wood-plastic composites in the region. Along with this, the market is driven by various growth strategies adopted by market players such as joint ventures, capacity expansions, and partnerships in the product supply chain aiming to meet the growing demand of wood-plastic composites from the rapidly developing end-use applications.
Prominent companies in the Wood-Plastic Composites Market include Trex Company, Inc., (US), MoistureShield (US), UFP Industries, Inc. (US), Fiberon (US), TimberTech (US), TAMKO Building Products LLC (US), Beologic ( Belgium ), FKuR Kunstsoff GmbH ( Germany ), JELU-WERK J. Ehrler GmbH & Co. KG ( Germany ), and Green Dot Bioplastics, Inc. (US).
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