Ince this invention, the most usage of Wood-plastic composites can be observed in the United States of America predominantly for outdoor applications like deck floors, railings, to name a few. Apart from an option as a material for furniture, WPC also enjoys presence in various industries like shoe manufacturing as well as automobile
Wood-Plastic Composites as a market is growing slowly, yet steadily. According to a survey that took place in 2017, the global WPC market enjoyed revenue of nearly $4 Billion. The market is expected to grow at a rate of 9.3%. While currently, WPCs find the highest applications in the United States of America, as well as Europe, WPC and PVC board manufacturers in developing economies like India , have a lot to look forward to. Factors like increasing urbanization, rise in nuclear family systems, along with a push for ecological sensitivity, will drive demand and growth for the market.
Post time: Nov-03-2022