Wood Plastic Composite (WPC) Manufacturing Business. Start a Plastic Wood Composite Unit. WPC Board Production

Wood Plastic Composite is a hybrid material which combines the qualities of wood and the ease of workability of plastic. It is a composite material which has replaced natural wood and is sustainable as it is made of waste wood and recycled plastic. It is widely used in outdoor decking floors, railings, fences, cladding, outdoor landscape, cornices, door and window frames, indoor furniture, outdoor furniture etc.

Wood used in bio-composites is often obtained from side streams of wood products and pulp production, making it a low cost feedstock and monetizing wood material that otherwise might be wasted. Wood wastes produced during manufacturing of wood-based products such as paper, cardboard, crates, pallets, furniture and by-products of textile industry could also serve as reinforcement in a matrix of plastic composites, depending on the availability and suitability of these recycled materials. The wood fiber could also be in the form of fines that are formed as residue in the transportation stage of industrial bioenergy pellets, which are often exported overseas.

The main advantages of using Wood Plastic Composite are:

·         The material is very easy to maintain and clean.

·         The material is resistant to ultra violet light and its colour does not fade easily.

·         WPC Board is highly durable and is not affected by rain, snow or peak summer conditions.

·         The material is slip resistant hence is a very good material when used as deck flooring especially near swimming pools.

·         It is a very good cladding material and is highly weather resistant. It is available in many colours and textures which add to the beauty of the building.

·         It is a costly material but is effective in the long run.

Market Outlook

WPC boards is achieving a good absorbency amongst plywood and natural wooden boards. Now, demand for exterior decking also is increasing. Thus India is using WPVC boards in versatile applications (in own style and methods) taking from bus flooring to fish boxes and wall paneling to serving trays.

The global wood plastic composite market size was estimated at USD 4.01 billion in 2017, progressing at a CAGR of 9.3% over the forecast period. Rising demand for lightweight and durable products in the automotive and construction industries is expected to drive demand over the coming years.

The building and construction sector is a leading consumer of WPC products, followed by the automotive and consumer goods industries. Leading manufacturers in the industry are focusing more on R&D pertaining to use of advanced polymers in order to improve durability.

These composites are growing at the highest rate among the plastic additives. Innovative uses for wood-based composites are constantly accomplished. These hybrid materials provide sustainability, longevity, and cost savings in a wide array of applications such as car speakers, interiors, home furniture, and kitchen accessories.

The global wood plastic composites market is driven by high availability of non-utilized plastic and wood wastes, increase in demand from building & construction applications, and stringent regulations on the use of chemicals in building materials. However, rise in cost of raw materials and issues related to mechanical strength and/or weight hamper their potential for several structural applications. Conversely, increase in implementation of biodegradable raw materials is expected to create opportunities in the global WPC market. Market players have adopted merger as their key strategy to widen their brand portfolios and expand their market reach.

The global Wood Plastic Composite market has been divided into seven key geographical regions which includes, North America, Latin America, Western Europe, Eastern Europe, Asia Pacific, Japan, and Middle East & Africa. Asia Pacific will dominate the Wood Plastic composites market. Growth of construction industries in developing economies like India and China will drive the wood plastic composites market. Increasing use of wood plastic composites in infrastructure development will boost the wood plastic composites market. Asia Pacific is followed by North America. Increasing use of Wood Plastic Based decking will be major driving factor for the market in this region. Western Europe is anticipated to grow wood plastic composite market due to growth of automotive industries in Italy, Germany, France and UK. Infrastructure developments and Construction activities in Middle East and Africa will support the wood plastic composites market to grow.

Based on segmentation by application, the wood plastic composite (WPC) includes building and construction products, automotive components, industrial & consumer goods. Building & construction Based on segmentation by type, the wood plastic composite (WPC) includes polyethylene (PE), polyvinylchloride (PVC) and polypropylene (PP). Polyethylene wood composite segment is also expected to grow at a positive CAGR and hold a significant share owing to its robust features.

The Applications of Wood-Plastic Composites market is used extensively for various purposes. Building and construction applications hold the largest share in WPC market. Wood-plastic composites are made of wood fibre, thermoplastic, and other materials such as pigments, lubricants, blowing agents, and foaming agents, which are used in small quantities. The application of wood-plastic composites in automobiles is growing, due to the increasing awareness among customers about its various use and benefits. Industrial & consumer goods manufacturers constitute another large segment that uses wood plastic composites. The market for wood-plastic composites is experiencing high growth. With a number of market players involved in R&D, the applicability of WPCs in various application fields has increased exponentially over the past decade.

Major market players in the Global Wood-Plastic Composites market are:

·         Advanced Environmental Recycling Technologies, Inc. (AERT)

·         Certainteed

·         Timbertech

·         Universal Forest Products, Inc.

·         Fiberon, Llc

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