According to the latest report released by market consultancy MarketsandMarkets, the global composite outdoor flooring and fence market will grow from $1.6 billion in 2015 to $3.09 billion by 2020, a compound annual growth rate of 12.6%. This report ranges from product types (coextrusion and non-coextrusion), resin types (polyethylene, polypropylene, polyvinyl chloride and others), uses (residential and non-residential), and regions for global composite outdoor during 2015-2020. The floor and fence market has been forecasted.
    In the final summary, the report pointed out that thanks to its own advantages such as corrosion resistance, non-fading and mildew resistance, composite materials will increasingly replace traditional materials for outdoor floors and fences, greatly promoting the Market development.
    According to the report, non-co-extruded wood-plastic composite (WPC) flooring is expensive compared to ordinary wood flooring and fences, but its maintenance costs and long-term cost of ownership are low. The price of co-extruded wood-plastic composite flooring is higher than that of non-co-extruded flooring, because this material has a protective layer, so it can be weather-resistant, high surface hardness, not easy to scratch, low water absorption, corrosion resistance and mildew.
    The report also stated that non-residential applications will be one of the fastest growing applications in the composite flooring and fence market by 2020. Non-residential applications include docks, docks, public boardwalks, commercial building yards and floors. Co-extruded wood-plastic composites are generally used in applications in contact with water and in large quantities.
    North America is the largest market for composite outdoor flooring and fences, with the United States accounting for a large share. In addition, the market growth momentum comes from the recovery of the residential market in the United States after the 2008 economic crisis and the growth in demand for low-maintenance building products.