Study #: 3845 | Published: 09/2020 | Pages: 230 | Individual User License: US$ 5,500

US demand for wood-plastic composite (WPC) and plastic lumber is forecast to rise 3.7% per year to $4.9 billion in 2024. Despite the economic weakness caused by the COVID-19 pandemic and a subsequent longer term slowdown in construction activity, demand is expected be sustained in 2020 and will see healthy advances through the forecast.

Gains will be driven by rising interest in the performance advantages of WPC and plastic lumber products, as they are more durable and require less maintenance than natural wood. Additionally, product enhancements have improved the ability of WPC and plastic lumber products to resemble natural wood, which supports their use as a natural wood substitute in applications where that aesthetic is desired.

Fencing to See Fastest Growth Through 2024, While Decking to Remain Top Application

Fencing, the third leading application for WPC and plastic lumber, is expected to register the fastest growth through 2024 as installers increasingly choose plastic over wood lumber for its durability, product warranties, and minimal maintenance requirements.

Nevertheless, decking will remain the leading application for WPC and plastic lumber products through 2024. Gains will be supported by the increasing penetration of higher value plastic, though WPC will continue to account for the larger share of demand. Decking demand has held up well in 2020 as homeowners have directed their disposable income toward building or expanding outdoor living spaces.

Plastic Lumber Demand to Outpace WPC Based on Performance & Improving Aesthetics

Plastic lumber sales are forecast to outpace those of WPC lumber based on the superior performance of plastic lumber compared to WPC – including greater durability and resistance to moisture – and advances in cellular PVC technology that have improved the ability of plastic lumber to resemble natural wood, a key factor in the leading residential market. Through 2024, plastic lumber sales are expected to be bolstered by the product’s:

  • leading market position in moulding and trim, where plastic lumber is preferred because it is easy to install
  • dominant share of fencing demand
  • growing penetration of the important decking market

Sustainability Trends Continue to Support Use of Recycled Content

An important factor affecting demand for WPC and to a lesser extent plastic lumber is their use of recycled materials. Building products based on recycled content can help structures earn LEED credits and, in some cases, fulfill government mandates requiring use of green building materials. As a result, suppliers emphasize use of recycled materials, and some are investing in the establishment of their own recycling capacity to ensure consistent supply. For example, in February 2020, AZEK Company acquired Return Polymers, a leader in PVC recycling and compounding technology.


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Table of Contents

1. Executive Summary

2. Overview

Study Scope

Historical Sales Trends

Demand by Material

Demand by Application

Demand by Market

Impact of COVID-19 Pandemic

Pricing Trends

Foreign Trade

3. Factors Impacting Demand

Construction Industry Outlook

Homeownership & Lot Size

Outdoor Living Trends

Pool Ownership

Competitive Materials

Regulatory Environment

Building Codes & Local Zoning

Sustainability & Recycling

4. Raw Material Requirements

Raw Material Consumption in Plastic & Composite Lumber

Cellulosic Materials

Plastic Resins

Consumption by Resin Type

Polyvinyl Chloride (PVC)

Polyethylene

Polyurethane & Other Resins

Additives & Modifiers

5. Wood-Plastic Composite (WPC) Lumber

Product Description

Demand by Application

Demand by Market

Raw Material Consumption

6. Plastic Lumber

Product Description

Demand by Application

Demand by Market

Raw Material Consumption

7. Decking Applications

General Decking Market Trends

Plastic & Composite Lumber Decking

WPC Lumber Decking

Demand by Function (Boards, Rails, Accessories)

Demand by Surface Treatment (Coated vs. Uncoated)

Demand by Material Type

Demand by Market

Market Share

Plastic Lumber Decking

Demand by Function (Boards, Rails, Accessories)

Demand by Resin Type

Demand by PVC (Vinyl) Formulation

Demand by Market

Market Share

Raw Material Consumption

8. Moulding & Trim Applications

General Moulding & Trim Market Trends

WPC & Plastic Moulding & Trim

Demand by Type

WPC Lumber Moulding & Trim

Plastic Lumber Moulding & Trim

Raw Material Consumption

Demand by Market

Market Share

9. Fencing Applications

General Fencing Market Trends

WPC & Plastic Lumber Fencing

Demand by Type

WPC Lumber Fencing

Plastic Lumber Fencing

Raw Material Consumption

Demand by Market

Market Share

10. Window & Door Applications

General Window & Door Market Trends

WPC & Plastic Lumber Windows & Doors

Raw Material Consumption

Demand by Market

Market Share

11. Landscaping & Outdoor Applications

General Landscaping & Outdoor Product Trends

WPC & Plastic Lumber Landscaping & Outdoor Products

Demand by Type

WPC Lumber Landscaping & Outdoor Products

Plastic Lumber Landscaping & Outdoor Products

Demand by Application

Raw Material Consumption

Demand by Market

Suppliers

12. Other Applications for Plastic & Composite Lumber

Plastic & Composite Lumber in Other Applications

Demand by Product (Railroad Ties, Hot Tubs, Marine, Flooring)

Demand by Market

Raw Material Consumption

Market Share

13. Residential Buildings

Market Scope & Definition

Demand by Type & Market Sector

New Housing

Demand by Type

Demand by Application

Improvements & Repairs

Demand by Type

Demand by Application

Demand by Housing Type

14. Commercial Buildings

Market Scope & Definition

Demand by Type & Market Sector

New Commercial Buildings

Demand by Type

Demand by Application

Improvements & Repairs

Demand by Type

Demand by Application

15. Other Markets (Recreation, Agriculture)

Market Scope & Definition

Nonbuilding Construction Markets

New Nonbuilding Markets

Demand by Type

Demand by Application

Nonbuilding Improvement & Repair

Demand by Type

Demand by Application

Agriculture Markets

16. Regions

Demand by Region

Northeast

Midwest

South

West

17. Industry Structure

Key Findings & Industry Composition

Market Share

Manufacturing (Extrusion & Injection Molding)

Product Development

Marketing

Distribution

Mergers & Acquisitions

List of Industry Participants

18. Appendix

Scope

Definitions

Abbreviations

Freedonia Methodology

Study-Specific Methodology

Sources

Associations & Agencies

Related Studies & Reports

Macroeconomic Assumptions

Economic Environment

Demographic Trends

Consumer Spending

Residential Building Construction

Housing Stock

Residential Improvements & Repairs

Commercial Building Construction

Commercial Building Improvements & Repairs

Nonbuilding Construction Expenditures


List of Tables

2. Overview

Table 2-1 | WPC & Plastic Lumber Demand by Material, 2009 - 2029 (million dollars)

Table 2-2 | WPC & Plastic Lumber Demand by Application, 2009 - 2029 (million dollars)

Table 2-3 | WPC & Plastic Lumber Demand by Market, 2009 - 2029 (million dollars)

4. Raw Material Requirements

Table 4-1 | Raw Material Consumption in WPC & Plastic Lumber Production by Material & Application, 2009 - 2029 (million pounds)

Table 4-2 | Cellulosic Materials: Advantages & Disadvantages

Table 4-3 | Plastic Resin Consumption in WPC & Plastic Lumber Production by Resin Type, 2009 - 2029 (million pounds)

Table 4-4 | Polyvinyl Chloride (PVC) Plastic Lumber: Advantages & Disadvantages

Table 4-5 | Polyethylene WPC Lumber: Advantages & Disadvantages

Table 4-6 | Polyurethane, Polystyrene, & Polypropylene: Advantages (+) & Disadvantages (-) in WPC & Plastic Lumber

5. Wood-Plastic Composite (WPC) Lumber

Table 5-1 | WPC Lumber Demand by Application, 2009 - 2029 (million dollars)

Table 5-2 | WPC Lumber Demand by Market, 2009 - 2029 (million dollars)

Table 5-3 | Raw Material Consumption in WPC Lumber Production, 2009 - 2029 (million pounds)

6. Plastic Lumber

Table 6-1 | Plastic Lumber Demand by Application, 2009 - 2029 (million dollars)

Table 6-2 | Plastic Lumber Demand by Market, 2009 - 2029 (million dollars)

Table 6-3 | Raw Material Consumption in Plastic Lumber Production, 2009 - 2029 (million pounds)

7. Decking Applications

Table 7-1 | Advantages of Materials in Decking

Table 7-2 | WPC & Plastic Lumber Decking Demand by Type, 2009 - 2029 (million linear feet & million dollars)

Table 7-3 | Key Characteristics of WPC Decking

Table 7-4 | WPC Decking Demand by Function, 2009 - 2029 (million linear feet & million dollars)

Table 7-5 | WPC Decking Demand by Surface Treatment, 2009 - 2029 (million linear feet & million dollars)

Table 7-6 | WPC Decking Demand by Material Type, 2009 - 2029 (million linear feet & million dollars)

Table 7-7 | WPC Decking Demand by Market, 2009 - 2029 (million linear feet & million dollars)

Table 7-8 | Characteristics of Plastic Decking by Resin Type

Table 7-9 | Plastic Lumber Decking Demand by Function, 2009 - 2029 (million linear feet & million dollars)

Table 7-10 | Plastic Lumber Decking Demand by Resin Type, 2009 - 2029 (million dollars)

Table 7-11 | PVC (Vinyl) Decking Demand by Formulation, 2009 - 2029 (million linear feet & million dollars)

Table 7-12 | Plastic Lumber Decking Demand by Market, 2009 - 2029 (million linear feet & million dollars)

Table 7-13 | Raw Material Consumption in WPC & Plastic Lumber Decking Production, 2009 - 2029 (million pounds)

8. Moulding & Trim Applications

Table 8-1 | Types of Moulding & Trim by Product Category

Table 8-2 | Characteristics of Nonwood Moulding & Trim Materials

Table 8-3 | WPC & Plastic Moulding & Trim Demand by Type, 2009 - 2029 (million dollars)

Table 8-4 | WPC Moulding & Trim Demand by Market, 2009 - 2029 (million dollars)

Table 8-5 | Plastic Lumber Moulding & Trim Demand by Market & Product, 2009 - 2029 (million dollars)

Table 8-6 | Raw Material Consumption in WPC & Plastic Moulding & Trim Production, 2009 - 2029 (million pounds)

Table 8-7 | WPC & Plastic Moulding & Trim Demand by Market, 2009 - 2029 (million dollars)

9. Fencing Applications

Table 9-1 | Key Drivers of Fencing Demand by Material

Table 9-2 | WPC & Plastic Lumber Fencing Demand by Type, 2009 - 2029 (million dollars)

Table 9-3 | WPC & Plastic Lumber Fencing: Advantages & Disadvantages

Table 9-4 | WPC Lumber Fencing Demand by Market, 2009 - 2029 (million dollars)

Table 9-5 | Plastic Lumber Fencing Demand by Market, 2009 - 2029 (million dollars)

Table 9-6 | Raw Material Consumption in WPC & Plastic Lumber Fencing Production, 2009 - 2029 (million pounds)

Table 9-7 | WPC & Plastic Lumber Fencing Demand by Market, 2009 - 2029 (million dollars)

10. Window & Door Applications

Table 10-1 | Characteristics of Window & Door Materials

Table 10-2 | WPC & Plastic Window & Door Demand by Type, 2009 - 2029 (million dollars)

Table 10-3 | Characteristics of WPC & Cellular PVC Windows & Doors

Table 10-4 | Raw Material Consumption in WPC & Plastic Window & Door Production, 2009 - 2029 (million pounds)

Table 10-5 | WPC & Plastic Window & Door Demand by Market, 2009 - 2029 (million dollars)

11. Landscaping & Outdoor Applications

Table 11-1 | WPC & Plastic Lumber Landscaping & Outdoor Product Demand by Type, 2009 - 2029 (million dollars)

Table 11-2 |WPC & Plastic Lumber Landscaping & Outdoor Product Demand by Application, 2009 - 2029 (million dollars)

Table 11-3 | Raw Material Consumption in WPC & Plastic Landscaping & Outdoor Product Production, 2009 - 2029 (million pounds)

Table 11-4 | WPC & Plastic Lumber Landscaping & Outdoor Product Demand by Market, 2009 - 2029 (million dollars)

12. Other Applications for Plastic & Composite Lumber

Table 12-1 | Other WPC & Plastic Lumber Demand by Type, 2009 - 2029 (million dollars)

Table 12-2 | Other WPC & Plastic Lumber Demand by Application, 2009 - 2029 (million dollars)

Table 12-3 | Other WPC & Plastic Lumber Demand by Market, 2009 - 2029 (million dollars)

Table 12-4 | Raw Material Consumption in WPC & Plastic Lumber Production for Other Products, 2009 - 2029 (million pounds)

13. Residential Buildings

Table 13-1 | Residential WPC & Plastic Lumber Demand by Type & Market Sector, 2009 - 2029 (million dollars)

Table 13-2 | New Residential WPC & Plastic Lumber Demand by Type, 2009 - 2029 (million dollars)

Table 13-3 | New Residential WPC & Plastic Lumber Demand by Application, 2009 - 2029 (million dollars)

Table 13-4 | Residential Improvement & Repair WPC & Plastic Lumber Demand by Type, 2009 - 2029 (million dollars)

Table 13-5 | Residential Improvement & Repair WPC & Plastic Lumber Demand by Application, 2009 - 2029 (million dollars)

Table 13-6 | Residential WPC & Plastic Lumber Demand by Housing Type, 2009 - 2029 (million dollars)

14. Commercial Buildings

Table 14-1 | Commercial WPC & Plastic Lumber Demand by Type & Market Sector, 2009 - 2029 (million dollars)

Table 14-2 | New Commercial WPC & Plastic Lumber Demand by Type, 2009 - 2029 (million dollars)

Table 14-3 | New Commercial WPC & Plastic Lumber Demand by Application, 2009 - 2029 (million dollars)

Table 14-4 | Commercial Improvement & Repair WPC & Plastic Lumber Demand by Type, 2009 - 2029 (million dollars)

Table 14-5 | Commercial Improvement & Repair WPC & Plastic Lumber Demand by Application, 2009 - 2029 (million dollars)

15. Other Markets (Recreation, Agriculture)

Table 15-1 | Nonbuilding WPC & Plastic Lumber Demand by Type & Market Sector, 2009 - 2029 (million dollars)

Table 15-2 | New Nonbuilding WPC & Plastic Lumber Demand by Type, 2009 - 2029 (million dollars)

Table 15-3 | New Nonbuilding WPC & Plastic Lumber Demand by Application, 2009 - 2029 (million dollars)

Table 15-4 | Nonbuilding Improvement & Repair WPC & Plastic Lumber Demand by Type, 2009 - 2029 (million dollars)

Table 15-5 | Nonbuilding Improvement & Repair WPC & Plastic Lumber Demand by Application, 2009 - 2029 (million dollars)

Table 15-6 | Agricultural WPC & Plastic Lumber Demand by Market Sector, 2009 - 2029 (million dollars)

16. Regions

Table 16-1 | WPC & Plastic Lumber Demand by Region, 2009 - 2029 (million dollars)

Table 16-2 | Northeast: WPC & Plastic Lumber Demand by Subregion & Application, 2009 - 2029 (million dollars)

Table 16-3 | Midwest: WPC & Plastic Lumber Demand by Subregion & Application, 2009 - 2029 (million dollars)

Table 16-4 | South: WPC & Plastic Lumber Demand by Subregion & Application, 2009 - 2029 (million dollars)

Table 16-5 | West: WPC & Plastic Lumber Demand by Subregion & Application, 2009 - 2029 (million dollars)

17. Industry Structure

Table 17-1 | WPC & Plastic Lumber Sales by Company, 2019 (million dollars)

Table 17-2 | Advantages & Disadvantage of Extrusion Processing in WPC & Plastic Lumber Production

Table 17-3 | Advantages & Disadvantage of Injection Molding in WPC & Plastic Lumber Production

Table 17-4 | Selected Mergers & Acquisitions

Table 17-5 | Selected Industry Participants

18. Appendix

Table 18-1 | Study Scope: US Geographic Regions & Subregions

Table 18-2 | Relevant Industry Codes

Table 18-3 | Relevant HS Codes

Table 18-4 | Abbreviations & Acronyms Used in Study

Table 18-5 | Macroeconomic Indicators, 2009 - 2029 (billion 2012 dollars)

Table 18-6 | Population & Households, 2009 - 2029 (million persons)

Table 18-7 | Personal Consumption Expenditures, 2009 - 2029 (billion dollars)

Table 18-8 | Residential Building Construction Expenditures, 2009 - 2029 (billion dollars & billion 2012 dollars)

Table 18-9 | Housing Stock by Type, 2009 - 2029 (million units)

Table 18-10 | Residential Improvement & Repair Expenditures, 2009 - 2029 (billion dollars & billion 2012 dollars)

Table 18-11 | Commercial Building Construction Expenditures, 2009 - 2029 (billion dollars & billion 2012 dollars)

Table 18-12 | Commercial Building Improvement & Repair Expenditures, 2009 - 2029 (billion dollars & billion 2012 dollars)

Table 18-13 | Nonbuilding Construction Expenditures, 2009 - 2029 (billion dollars & billion 2012 dollars)


List of Figures

1. Executive Summary

Figure 1-1 | WPC & Plastic Lumber Market

2. Overview

Figure 2-1 | WPC & Plastic Lumber Demand, 2000 - 2019 (million dollars)

Figure 2-2 | WPC & Plastic Lumber Demand by Material, 2009 - 2029 (million dollars)

3. Factors Impacting Demand

Figure 3-1 | Construction Expenditures, 2009 - 2029 (percent CAGR)

Figure 3-2 | WPC & Plastic Lumber Products Commonly Used in Home Improvements

Figure 3-3 | Presence of Outdoor Space at Home, 2019 (percent)

Figure 3-4 | US Consumer Insights: Pool & Spa Accessibility, 2019 (percent of total respondents)

4. Raw Material Requirements

Figure 4-1 | Raw Material Consumption in WPC & Plastic Lumber Production by Material, 2009 - 2029 (million pounds)

Figure 4-2 | Wood Fiber Content of WPC Materials by Application (percent of formulation)

5. Wood-Plastic Composite (WPC) Lumber

Figure 5-1 | Wood-Plastic Composite Lumber Product Components

Figure 5-2 | WPC Lumber Demand by Market, 2009 - 2029 (million dollars)

Figure 5-3 | Raw Material Use in WPC Lumber, 2009 - 2029 (million pounds)

6. Plastic Lumber

Figure 6-1 | Plastic Lumber Demand by Market, 2009 - 2029 (million dollars)

Figure 6-2 | Raw Material Consumption in Plastic Lumber, 2009 - 2029 (million pounds)

7. Decking Applications

Figure 7-1 | Decking Demand by Material, 2009 - 2024 (million dollars)

Figure 7-2 | Capstock-Coated Lumber: Value Share of WPC Decking Demand, 2009 - 2029

Figure 7-3 | WPC Decking Market Share by Company, 2019 (billion dollars)

Figure 7-4 | Cellular PVC Share of Vinyl Decking Value Demand, 2009 - 2029

Figure 7-5 | Plastic Decking Market Share by Company, 2019 (million dollars)

8. Moulding & Trim Applications

Figure 8-1 | WPC Moulding & Trim Demand by Market, 2009 - 2029 (million dollars)

Figure 8-2 | WPC & Plastic Moulding & Trim Market Share by Company, 2019 (million dollars)

9. Fencing Applications

Figure 9-1 | Fencing Demand by Material, 2009 - 2024 (million dollars)

Figure 9-2 | WPC Lumber Fencing Demand by Market, 2009 - 2029 (million dollars)

Figure 9-3 | Plastic Lumber Fencing Demand by Market, 2009 - 2029 (million dollars)

Figure 9-4 | WPC & Plastic Lumber Fencing Market Share by Company, 2019 (million dollars)

10. Window & Door Applications

Figure 10-1 | Window & Door Demand by Material, 2008 - 2019 (billion dollars)

Figure 10-2 | WPC & Plastic Window & Door Market Share by Company, 2019 (million dollars)

11. Landscaping & Outdoor Applications

Figure 11-1 | Shed, Pot & Planter, & Outdoor Furniture Demand Share by Material, 2018 & 2019 (million dollars)

12. Other Applications for Plastic & Composite Lumber

Figure 12-1 | Other WPC & Plastic Lumber Applications: Market Share by Company, 2019 (million dollars)

13. Residential Buildings

Figure 13-1 | Residential WPC & Plastic Lumber Demand by Housing Type, 2009 - 2029 (million dollars)

17. Industry Structure

Figure 17-1 | WPC & Plastic Lumber Market Share by Company, 2019 (billion dollars)

Figure 17-2 | WPC & Plastic Lumber Market: Leading Supplier, 2019

Figure 17-3 | WPC & Plastic Lumber Market: Second Leading Supplier, 2019

Figure 17-4 | WPC & Plastic Lumber Market: Third Leading Supplier, 2019

Figure 17-5 | WPC & Plastic Lumber Market: Fourth Leading Supplier, 2019

Figure 17-6 | WPC & Plastic Lumber Market: Fifth Leading Supplier, 2019

Figure 17-7 | WPC & Plastic Lumber Market: Sixth Leading Supplier, 2019

18. Appendix

Figure 18-1 | Annual Growth in Real GDP, 2000 - 2019, Compared to 1980 - 2005 Average (percent)

Figure 18-2 | Annual Population Growth, 2004 - 2019 (percent)

Figure 18-3 | Housing Stock by Year of Construction, 2019 (percent)


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