India Wood Plastic Composites Market Size, Price Trends and Report Forecast 2023-2028

How Big Is the India Wood Plastic Composites Market?

The India wood plastic composites market size reached US$ 218.1 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 413 Million by 2028, exhibiting a growth rate (CAGR) of 11.2% during 2023-2028.

What is Wood Plastic Composites?

Wood plastic composites (WPC) stand as remarkable and forward-thinking materials that harmoniously fuse the qualities of wood fibers and flour with thermoplastics like polyethylene, polypropylene, or polyvinyl chloride (PVC). In their crafting, a meticulous process unfolds, encompassing blending, extrusion, and molding of wood and plastics to birth a diverse array of products. These encompass decking, fencing, outdoor furniture, door frames, and window profiles, designed to thrive outdoors with enduring resilience against weather elements. Their utility spans across several industries, including construction, automotive, and the realm of consumer goods. Notably, their eco-friendly nature and economical attributes are spurring heightened demand, forging a promising growth trajectory within the Indian market.

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Industry Trends and Drivers:

The increasing construction and remodeling activities of residential and commercial spaces in India represent one of the key factors catalyzing the demand for wood plastic composites. Additionally, there is a rise in the focus on sustainable and eco-friendly building materials. As environmental concerns are gaining prominence, architects, builders, and consumers in the country are seeking alternatives to traditional materials like timber that contribute to deforestation. Apart from this, the versatility of these composites allows manufacturers to customize products according to specific design requirements, further supporting their adoption in various architectural projects. Besides this, technological advancements in the manufacturing process are improving the quality and consistency of wood plastic composites. Moreover, manufacturers in India are investing in research and development (R&D) activities to enhance the mechanical and physical properties of wood plastic composites.

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What Is Included In Market Segmentation?

The report has been segmented the market into following categories:

Breakup by Type:
• Polyvinylchloride
• Polypropylene
• Polyethylene
• Others

Breakup by Application:
• Building and Construction
o Windows and Doors
o Decking and Flooring
o Sliding and Fencing
o Others
• Industrial and Consumer Goods
• Others

Breakup by Region:
• South India
• North India
• West and Central India
• East India

The report provides a comprehensive analysis of the industry key players listed below:

Ado Woods, Alstone Industries Private Limited, Ecoste, JKD Plastics, Kumar Arch Tech Private Limited (ECHON), Meghmani Group, SCHALEWOOD, Shubh Wood, TVL Engineers Pvt. Ltd (Floresta) and WoodAlt.

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