In subsequent years, the plastic lumber market is forecasted to experience a significant expansion. Considering its viability and growing application in fencing, decking and landscaping, these products have driven radical shifts in demand. Plastic lumber efficiently substitutes the use of hardwoods and pressure-treated woods containing copper and other chemicals. These plastics are highly efficient, ecologically sound, and innocuous in nature. This makes them a preferable choice for construction and decking applications.
Get a Sample Copy of Plastic Lumber Market:
https://www.fairfieldmarketresearch.com/report/plastic-lumber-market/request-sample
Increased usage of plastic lumber in decking applications, construction activities, and proliferated residential renovation operations are acting as a catalyst for the development of the plastic lumber market. The consistent rise in demand for plastic lumber to cater to industrialization and urbanization in emerging economies is expected to establish sophistication across the global plastic lumber market. Furthermore, organizations are aiming to enhance their applications’ performance with progressive R&D and incorporating next-gen technologies. Consequently, the aforementioned factors are accelerating the growth of the plastic lumber market.
Recycled Plastics Holds Promising Growth Opportunities Throughout the Prophesied Period
The plastic lumber market is segmented as recycled plastic, virgin plastic, and composite on the basis of raw material. Projection points that the segment of recycled plastics is envisioned to thrive with consistent ecological benefits, and lower prices in contrast to other raw materials.
Recycled plastic used in manufacturing lumber is an accumulation of post-consumer or post-industrial regrind — waste diverted from landfills. Recycled plastics continually dominate the raw material segment of the plastic lumber market due to their cost-effective, sustainable, and feasible quotient. Moreover, composite and virgin plastic segments are likely to follow the suit set by recycled plastics.
North America Reigns Supreme Across the Plastic Lumber Market; Asia Pacific is an Emerging Market
Regionally, North America, Asia Pacific, Europe, and Middle East & Africa are lucrative with growth opportunities. However, North America is anticipated to hold a lions’ share in the global plastic lumber market owing to augmented demand for applications viz decking & fencing, and the presence of key players in the region.
Besides, the market is set to prosper at a robust pace in the Asia Pacific by the end of the forecasted period. Continual development of modern infrastructure has a major impact on market expansion. Growing residential construction in the APAC countries such as India and China further paves the way for the growth of the plastic lumber market in counties.
Players Gaining Competitive Edge Over the Plastic Lumber Market
Worldwide, key players are strategically moving towards alliances and acquisitions, harnessing the power of research and development to discover more sustainable material alternatives. Globally, companies viz Aeolian Enterprises Inc., KWK Plastic Lumber Co., Ltd., Tangent Technologies, LLC, American Recycled Plastic Inc., Advanced Environmental Recycling Technologies Inc., Century-Board USA, LLC, Genova Products Inc., Engineered Plastic Systems LLC, Trex Company, Inc., and Bedford Technology LLC are leading in the plastic lumber market.
With the introduction of SmarterFence™ — a novel fencing system, based on structural recycled high-density polyethylene (HDPE), Bedford Technology LLC has consolidated an upper hand in the market. Considering its eco-friendliness, durability, and long-lasting capabilities, the SmarterFence™ has gained excellent prominence across the globe.
For More Information of Plastic Lumber Market Visit:
https://www.fairfieldmarketresearch.com/report/plastic-lumber-market
About Us
Fairfield Market Research is a UK-based market research provider. Fairfield offers a wide spectrum of services, ranging from customized reports to consulting solutions. With a strong European footprint, Fairfield operates globally and helps businesses navigate through business cycles, with quick responses and multi-pronged approaches. The company values an eye for insightful take on global matters, ably backed by a team of exceptionally experienced researchers. With a strong repository of syndicated market research reports that are continuously published & updated to ensure the ever-changing needs of customers are met with absolute promptness.
Contact
Fairfield Market Research
London, UK
UK +44 (0)20 30025888
USA (Toll-free) +1 (844) 3829746
Web: https://www.fairfieldmarketresearch.com/
Email: [email protected]
Follow Us: LinkedIn
