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North America Wood Plastic Composites Market is Anticipated to Reach $1,876 Million by 2023

The North America Wood Plastic Composites Market was valued at $736 million in 2016, and is projected to reach $1,876 million by 2023, registering a CAGR of 12.4% from 2017 to 2023.

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North America Wood Plastic Composites Market is Anticipated to Reach $1,876 Million by 2023

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  1. North America Wood Plastic Composites Market

  2. North America Wood Plastic Composites Market by Type (PE-based Composites, PVC-based Composites, PP-based Composites, and Others), by Application (Building & Construction, Automotive Components, Industrial & Agriculture Products, and Others), and by Country (U.S., Canada, and Rest of North America) - Opportunity Analysis and Industry Forecast, 2017-2023

  3. Introduction The North America Wood Plastic Composites Market was valued at $736 million in 2016, and is projected to reach $1,876 million by 2023, registering a CAGR of 12.4% from 2017 to 2023. Wood plastic composites (WPCs) are made up of recycled plastic and wood wastes with beneficial features such as low melting temperature that results in lower energy costs for producers. This also reduces the impact of the product on the environment. These composites are growing at the highest rate among the plastic additives. These hybrid materials provide sustainability, longevity, and cost savings in a wide range of applications such as car speakers, interiors, home furniture, and kitchen accessories.

  4. Segmentation • The North America wood plastic composites market is segmented into type, application, and country. Based on type, it is categorized into PE-based composites, PVC-based composites, PP-based composites, and others. Based on application, it is divided into building & construction, automotive components, industrial & consumer products, and others. By country, it is analyzed across the U.S., Canada, and rest of North America. • The PE-based Composites was the highest revenue contributor, accounting for approximately 70% share in 2016, PE is the most widely used WPCs in the U.S. for WPC decking applications. PE-based wood plastic composites consist of wood sawdust, and hence, are suitable for building and structural components applications.  Download PDF Report Sample @https://www.alliedmarketresearch.com/request-sample/4595

  5. Key Players: • Advanced Environmental Recycling Technologies Inc. • Axion International Inc. • Certainteed Corporation. • Polymera Inc. • Tamko Building Products Inc. • TimberTech Ltd. • Trex Company Inc. • Green Matters Mexico • Wellington Polymer Technology Inc. • Shantex. Read More@ https://www.alliedmarketresearch.com/north-america-wood-plastic-composites-market

  6. Key Benefits • The report provides an in-depth analysis of the current trends, drivers, and dynamics of the North America wood plastic composites market to elucidate the prevailing opportunities and tap the investment pockets. • It offers qualitative trends and quantitative analyses of the industry from 2016 to 2023 to assist stakeholders to understand the market scenario. • In-depth analysis of the key segments demonstrates the market potential of the North America wood plastic composites industry. • Competitive intelligence of the industry highlights the business practices followed by key players across the region and prevailing market opportunities. • Key market players and their strategies & developments are profiled to understand the competitive outlook of the market.

  7. About Us: Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small- & medium-scale enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain. Allied Market Research provides one-stop solution right from data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients understand the significance and impact of market dynamics. The company applies client’s insight on the factors such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligence support to help clients transform into a prominent business firm.

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  9. Thank You Access Full Summary @ http://hitechnewsdaily.com/2019/09/north-america-wood-plastic-composites-market-is-projected-to-reach-1876-million-by-2023/

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