Wood-plastic composite (WPC) materials are expected to gain in popularity as homeowners continue to look for low-maintenance products in the outdoor space. According to a Research and Markets study, the global WPC market is expected to grow at a compound annual growth rate of 14.43% by volume over the next five years.
According to the report, wood-plastic composites are increasingly used in the housing industry for interior applications and outdoor constructions such as decking. The use of these products in decking accounts for the major share of the market and is expected to increase substantially during the forecast period. While Europe and North America represent more mature markets for decking, Asia Pacific holds significant growth opportunities because of the region's booming housing market.