Trex Company, Inc., the largest producer of wood-alternative decking and railing in the world as well as a pioneer in high-performance, low-maintenance outdoor living products, is always on the cutting edge of outdoor living. As such, the company has upgraded its interactive deck design tool to enable homeowners to plan every aspect of their outdoor space from the comfort of a laptop.
A cooperation between Fiberon, a top producer of composite wood-alternative decking and railing materials, and Hixson Lumber Company, a significant supplier of wood goods, was recently announced. Fiberon's presence is increased across Texas, Louisiana, Arkansas, and Oklahoma thanks to the agreement.
Author Credits: Smruti Ranjan, Rajrani Baghel
Report ID: 5159
Published Date: Aug 13, 2023
Report Format: PDF, PPT
Frequently Asked Questions (FAQ)
The major factors driving the growth of the market are growing generation of plastic waste, surge in global warming, and growing municipal engineering activities.
The market size of wood plastic composite is anticipated to attain a CAGR of 13% over the forecast period, i.e., 2023 â€“ 2035.
The major players in the market are Trex Company, Inc., Advanced Environmental Recycling Technologies (AERT), UPM Biocomposites, Fiberon and others.
The automotive components segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.
The market in the Asia Pacific region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.