US demand to rise 9.2% annually through 2013

Demand for wood-plastic composite and plastic lumber is projected to advance 9.2 percent per year to $5.3 billion in 2013. Gains will be driven by continued consumer acceptance of these products as replacements for more traditional materials, such as natural wood.

Composite and plastic lumber will increasingly be desired due to their long lifespans, minimal maintenance requirements, resistance to degradation caused by insect attack and exposure to the elements, and ability to be cut and hewn like natural wood. Moreover, the increasing perception of these materials as environmentally friendly products, due to their incorporation of recycled materials, will further promote demand. Gains will also be boosted by the rebound of residential construction from the low levels experienced in 2008.

Rising housing completions will promote demand in the new residential construction market, while increasing residential improvement and repair expenditures will lead to growth in demand for composite and plastic lumber decking, fencing, and landscaping and outdoor products.

 

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