Fiberon, a leading composite decking provider in the United Kingdom, Europe and U.S., has commented on news that plastic lumber and wood-plastic composite is to reach $5.5 billion dollars (£3.2 billion pounds) in the United States
Research from The Freedonia Group has suggested that demand for composite and plastic lumber in the United Stated is to rise from now until 2018 by up to 9.8% each year, reaching a total of $5.5 billion dollars, leading to a market for a staggering 2.6 billion pounds of plastic material.
The Freedonia Group, an influential international business research company, believes that an increase in new home completions and a rise in the amount being spent on repair and improvement will be the driving force behind more demand for the materials. Specifically, the research firm expect that composite decking alone will be responsible for upwards of two-fifths of all plastic lumber and composite sold.
Equally impressive is the fact that the Freedonia Group believes that composite decking will account for 19% of all decking in the U.S. come 2018.
The reason behind the growth is believed to be the improved technologies and increasing aesthetics of composite decking, with new and improved manufacturing techniques delivering products that boast better colour-fade resistance properties and look closer to natural wood.
Figures also show that the residential market in the U.S. is responsible for two-thirds of all composite and plastic lumber demand, underlining the growing desirability of composite decking and similar materials as an alternative to natural wood.
Fiberon is a composite decking provider that regularly reacts to important industry news, research and opinion. A representative for Fiberon said:
“These figures coming out of the United States are fantastic as they indicate that the demand for composite is still expanding rapidly, providing us with insight into what we can expect in the United Kingdom in future when the British market catches up and more people realise the benefits of artificial decking options.
“People in the UK who want to find out what all the fuss is about can browse through a wide range of industry leading products on our website. We can provide your garden with the ultimate makeover and unlike natural wood our decking won’t deteriorate within a few seasons!”
Fiberon is a leader in the composite sector. The company has been around since the beginning and utilises cutting-edge technologies to deliver revolutionary composite decking options that stand head and shoulders above other options. The company operates in the United Kingdom, Europe and U.S. Visit their website at www.fiberondecking.co.uk to shop for the finest, most reliable and authentic looking wood alternatives today.
For quotes contact Carol Kay at Fiberon Decking on: 0116 2887719 or carol.kay@sea.co.uk.