Wood–plastic composite companies have adopted several strategies, such as partnerships, product launches and geographical expansions to maintain their leading position in the market. In 2023, the industry’s top five players were Trex Company Inc., Oldcastle APG Inc. (MoistureShield), UFP Industries Inc, FIBERON, and The AZEK Company Inc. (TimberTech). Further, several other companies are involved in pre-processing of the raw materials, such as composite components, and in the innovation of novel WPCs products, which is expected to foster market growth.
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