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Start Production Of Wood Plastic Composite (wpc)

WPC (Wood Plastic Composite) is a material composed of wood fibre and thermoplastic resin. Because it is made from recycled plastic and wood fibres, WPC has become a popular building material due to its durability and sustainability. WPC is also resistant to water, insects, and decay, making it an excellent choice for outdoor applications such as decking, fencing, and cladding. Furthermore, WPC is less expensive than traditional materials and is simple to install and maintain. Wood plastic composite has a lower melting temperature than conventional wood products, which reduces energy costs for end users and the product's environmental impact. WPC Is An Excellent Material For A Wide Range Of Applications. Because of its high resistance to moisture and wear, WPC is also an excellent choice for interior applications such as furniture and wall panels. The material is extremely stable and can withstand temperature and humidity changes, making it an excellent choice for use in bathrooms, kitchens, and even basements. It is fire-resistant, which means it will not be harmed by flames or other sources of heat. It can be cut into a variety of shapes and sizes, making it useful for a wide range of projects. It can also be painted or stained, allowing you to personalise the look of your project. Indian Market Outlook In 2021, the India wood plastic composites market is expected to be worth US$ 196.7 million. Looking ahead, IMARC Group forecasts the market to reach US$ 393.5 million by 2027, with a 12% CAGR from 2022 to 2027. WPC is widely used in India as a cost-effective and sustainable alternative to hardwood in a variety of building applications such as windows, flooring, decking, and so on. Furthermore, the growing number of green buildings in the country is driving demand for WPC for pillars, balconies, fences, staircases, roofs, window frames, and so on. The growing popularity of modular kitchen accessories is increasing the adoption of composite materials such as WPC because they are easily customizable and offer enhanced efficiency even in high temperatures. Furthermore, rising concerns about the depletion of natural resources are driving the demand for WPC, which encourages the reuse of wood waste in the country. Aside from that, the Indian government's launch of several initiatives to raise awareness about the negative effects of conventional construction materials on human health and the environment is a significant growth-inducing factor. Furthermore, extensive R&D activities involving the use of innovative polymers for improving the durability and material quality of WPC are expected to drive the India market in the coming years. Global Market Outlook The global wood plastic composites market size was estimated at USD 5.76 billion in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 11.5% from 2022 to 2030. Increasing demand for wood plastic composite in the production of noise barriers for road construction, sheet pilings for landscaping, and garden furniture is expected to drive product demand during the forecast period. Furthermore, rising demand for wood plastic composite in the manufacture of consumer goods such as toys and showpieces is expected to drive market growth in the coming years. In 2021, the Asia Pacific region led the market, accounting for more than 30.11% of global revenue. Because of rising per capita income and rapid industrialization, the region is expected to be the fastest-growing market for. During the forecast period, key manufacturers are expected to benefit from a shift in Chinese consumer behaviour, increased local competition, fragmented distribution, and rising dual income. Construction activity in Central and South American economies has increased significantly as a result of rising income levels and shifting consumer preferences toward green buildings. The expansion of the commercial construction sector, combined with government initiatives to raise public awareness about green buildings, is expected to drive market growth during the forecast period. Conclusion WPC has grown in popularity in recent years due to its versatility and ability to provide a sustainable alternative to traditional materials such as wood. It is an excellent material for entrepreneurs who want to start a business involving outdoor products or structures. WPC offers numerous advantages, making it an excellent choice for those seeking a dependable material that can withstand the elements. Wood Plastic Composites Market Include: • Advanced Environmental Recycling Technologies, Inc. (AERT) • Axion Structural Innovations LLC • Beologic N.V. • CertainTeed Corporation • Fiberon, LLC • Fkur Kunststoff GmbH • Guangzhou Kindwood Co. Ltd. • Jelu-Werk Josef Ehrler GmbH & Co. KG • Woodmass • PolyPlank AB • Renolit • TAMKO Building Products, Inc. • TimberTech • Trex Company, Inc. • Universal Forest Product
Plant capacity: Wood Plastic Composite (WPC): 10 Million Sq.Ft. per annumPlant & machinery: 406 Lakhs
Working capital: -T.C.I: Cost of Project: 790 Lakhs
Return: 1.00%Break even: N/A
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  • One Lac / Lakh / Lakhs is equivalent to one hundred thousand (100,000)
  • One Crore is equivalent to ten million (10,000,000)
  • T.C.I is Total Capital Investment
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