The present invention is a component having a synthetic wood layer that is secured to a foamed polymer layer. The foamed polymer layer is comprised of a polymer selected from the group consisting of high density polyethylene, polypropylene, polyvinyl chloride, low density polyethylene, chlorinated polyvinyl chloride, acrylonitrile butadiene styrene, ethyl-vinyl acetate, and polystyrene. The component can be used for a variety of different purposes such as fencing, furniture, cabinets, storage devices, lawn edging, flower boxes, flooring, roofing, wall covering, building siding, basement flooring, basement wall covering, interior and exterior decorative house moldings, crown moldings, chair rails, picture frames, porch decks, deck railings, window moldings, window components, door components, door moldings, various other lawn and garden uses, various other below grade uses, and various other indoor and outdoor uses.