WPCs are composite of wood and wood flour, plastics, and additives. The source of the materials can be either virgin or recycled materials. The demand for materials based on renewable raw materials has risen steaddily in the recent years. Futhermore, increase in interest from governments about climate protection and sustainability results in expansion of market size of natural-based materials such as wood plastic composite (WPC).
WPC provide a challenge to wood /polymer products as alternative construction materials and is expected to increase on a large scale in the near future due to development of more recycled products. Furthermore, reliable and consistent recyclable material supply chains are required for strong market growth, though high demand from automotive sector id expected to augment the market growth.
The building is construction segement accounted for more than three-fourths share of the global market in 2016, in terms of volume, and is expected to maintain its domiance during the forecast period, owing to its improved performance and appearance characteristics. However, automotive componets are also expected to grow with a high rate due to rise in demand for recyclable and lightweight materials.