Fast-growing Engineered Floors has taken market share at the commodity level with PET products that have quickly gained acceptance in the multi-channel with intensified competition from LVT, WPC and other engineered flooring products wasn't enough to derail laminate flooring sales growth in 2015.
The wood-plastic composites market is expected to grow approx USD 6.10 Billion by 2022 at a CAGR of 12.8% for the forecasted period of 2016 to 2022. Wood development activities, particularly in the emerging countries and rising demand for furniture solutions and aesthetically appealing flooring across the globe.
I remember reporting on wood-plastic composites products, primarily weatherable decking, well over a decade ago when quality issues would steadily crop up. Not only has this market nicely matured with a broad spectrum of quality products, including decking, fencing, railing, trim and automotive parts, but its growth
US Wood-Plastic Composite & Plastic Lumber Market - decking to remain leading activity; Natural appearance drives growth in composite lumber As more LVT floors are installed in homes and commercial structures, specifiers will opt for those products with WPC and plastic lumber backings, further
These are challenging times for the wood flooring market. Wood flooring's ability to make additional inroads in the U.S. floor coverings market is being stymied by increased competition from wood-look ceramic tile planks, new and innovative luxury vinyl tile (LVT), and flooring made of plastic composite
Mohawk, which also counts the Quick-Step wood line among its brand assets, believes the prefinished hardwood flooring market grew close to 10% in 2016 vs. 2015. “The majority of this growth was driven by the new construction market, both in single-family and high rises,” said Roger Farabee, senior vice
Specific products in the primary market are expected to grow in value at a 7-19% annual rate and developments of a second generation technology are expected to become commercialized in the next five years. Emerging products include fencing and siding, among several others. Keywords: Wood Plastic