Wood Plastic Composite (WPC) Profiles Manufacturing Industry. Production of WPC Profile for Door, Window Frame and Shutters. Business Opportunities in Building and Construction Material Sector
Wood-plastic composite (WPC) profiles are made by two main approaches. Direct extrusion from raw ingredients dominates in deck boards and other uncalibrated profiles. However thin-wall, multi-hollow profiles, whose shape is formed with vacuum calibrators, are typically extruded from predried, precompounded pellets, which provide more consistent feeding and reduce the opportunity for formulation errors and surging in the die. For example, until now, all multi-hollow WPC window profiles have been made from pellets.
WPC is now positioning itself strongly for use in “sidings” (wall panelling) and for profiles used in furnishings and interior decoration. WPC profiles are used as flooring, wall panel, skirting board, strips, bars and so on.
Features:
· High strength
· Exclusive design
· Fine finish
· Longer life
· Nominal costs
Wood-plastic composite is a sustainable green material which provides durability without the use of toxic chemicals. They contain plant fiber, which provides them with relative high strength and stiffness, low density, low CO2 emission, and biodegradability. Automotive manufacturers are focusing on switching to recyclable or biodegradable parts and go for lightweight materials. This has increased the demand for wood plastic composites in the automotive industry.
WPCs are primarily used in automobiles for storage (trims in trunks, shelves for spare tires, etc.), interior door trims, etc. Furthermore, they are often used to replace metal or fiberglass components in automotive components. With automotive production growing through the years, primarily in Asia-Pacific and Europe and region, the consumption of WPCs too will rise in the automotive industry through the forecast period. Automotive parts application is estimated to be the fastest growing segment through the forecast period, while building & construction is expected to dominate the global market owing to the vast application of wood plastic composite in decking.
Globally, increasing demand from building construction activities and increasing demand for recyclable materials in automotive industry is expected to be the prime growth factor for wood plastic composites during the period of study. Geographically, North America dominated the wood plastic composites (WPC) market driven by higher demand and consumption of wood plastic composites materials into a wide range of applications.
Global Wood Plastic Composite (WPC) Market is anticipated to grow at a higher CAGR in the estimated period and is expected to grow consistently in the forthcoming years. Wood plastic composites (WPC) are transformed by extrusion process to gain applications comprising profiles, sheathings, roof tiles, decking and window trims with enhanced thermal and creep performance compared with unfilled plastics. It is necessary to enhance their physical and mechanical properties as well as appearance of such products to have a strong market share in the wood panel composite industry.
Driving factors responsible for the growth of wood plastic composite (WPC) market is mainly due to the growth in demand from building & construction applications and growth in demand for recyclable material in automobile industry.
Global Wood Plastic Composites Market was valued at $2,551 million in 2016, and is expected to reach at $6,584 million by 2023, registering a CAGR of 12.6% from 2017 to 2023. Wood plastic composites (WPC) are compounds comprising recycled plastic and wood wastes with beneficial features such as reduced melting temperature resulting in lower energy costs for producers and further reducing the product’s environmental impact. 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.
Building and construction is one of the most important applications for WPC and accounted for the largest market share in 2017. Rising demand for aesthetically appealing flooring and furniture solutions across the world is expected to aid segment growth over the forecast period.
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.
Geographically, the wood plastic composite (WPC) market spans North America, Latin America, Europe, Asia-Pacific, Middle-East and Africa. North American market dominates wood plastic composite (WPC) market in the estimated period and is also expected to continue dominating further due to infrastructure projects and reconstruction. Europe and APAC market is also anticipated to grow at a higher CAGR in the near future owing to rise in construction activities and demand for construction supplies. Also, APAC regions exhibit potential growth for wood plastic composite market due to initiatives taken by government to encourage growth in manufacturing sectors.
Major Players in Wood Plastic Composites (WPC) Market:
· Advanced Environmental Recycling Technologies, Inc. (AERT)
· Axion International, Inc.
· AZEK Building Products (Timbertech)
· Beologic N.V.
· Fiberon, LLC
· Fkur Kunststoff GmbH
· Polymera, Inc.
· Timbertech Ltd.
· Universal Forest Products, Inc.
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