Demand for alternative decking to rise
Demand for wood-plastic composite and plastic lumber, used in decking, railing, trim and other building materials, is projected to rise 13% per year until 2015, according to a report from The Freedonia Group. Advances will be driven by a rebound in construction expenditures from a depressed 2010 base, and growth will be boosted by increasing consumer demand for building products made from composite and plastic lumber, instead of more traditional materials, such as natural wood, according to the Cleveland-based industry research firm.
Decking, which was the leading application for composite and plastic lumber in 2010, will experience the greatest increase in demand through 2015. Other growth areas will include molding and trim and windows. Demand for wood-plastic composite lumber will post more rapid gains than that for plastic lumber through 2015, advancing more than 16% annually to $2.5 billion. Gains will be driven by ongoing consumer interest in composite lumber as a substitute for natural wood products in such applications as decking and fencing.