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The India wood plastic composites market reached a value of US$ 196.7 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 393.5 Million by 2027, exhibiting a growth rate (CAGR) of 12% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Wood-plastic composites (WPC) refer to hybrid materials that are manufactured by blending natural wood products, such as bamboo, pulp, bark, etc., with thermoplastics or polymers. They have gained prominence over numerous conventional products, such as particleboard or fiberboard, based on biodegradable and eco-friendly benefits. WPC are widely used as a substitute component to manufacture furniture, railings, cladding, decking lumber, molding, etc. As these composites exhibit properties of both wood and plastics, they are highly versatile, durable, and rot-resistant in nature that allows the manufacturers to produce complex shapes. Moreover, WPC improves stability and stiffness due to composite material functioning as reinforcement. These materials are extensively adopted across the construction, industrial, consumer goods, and automotive sectors.
In India, WPC is widely utilized as a cost-effective and sustainable alternative to hardwood in numerous building applications, such as windows, flooring, decking, etc. Moreover, the growing number of green buildings in the country is also driving the demand for WPC for constructing pillars, balconies, fences, staircases, roofs, window frames, etc. In line with this, the increasing popularity of modular kitchen accessories is further augmenting the adoption of composite materials, like WPC, as they are easily customizable and offer enhanced efficiency even in high temperatures. Additionally, the rising concerns towards depletion of natural resources are also propelling the need for WPC that encourages the reuse of wood waste in the country. Furthermore, WPC has gained prominence in the automobile sector owing to their numerous benefits, such as high durability, low maintenance, improved resistance against water and heat, etc. Various automotive manufacturers are adopting sustainable green materials, such as WPC, for backrests, dashboards, headliners, parcel shelves, front and rear door liners, etc. Apart from this, the launch of several initiatives by the Indian government for creating awareness towards the detrimental effects of conventional construction materials on human health and the environment is acting as a significant growth-inducing factor. Additionally, the extensive R&D activities pertaining to the utilization of innovative polymers for improving the durability and material quality of WPC are expected to drive the India market in the coming years.
IMARC Group provides an analysis of the key trends in each sub-segment of the India wood plastic composites market, along with forecasts at the country and regional level from 2022-2027. Our report has categorized the market based on type and application.
Breakup by Type:
Breakup by Application:
Breakup by Region:
The competitive landscape of the industry has also been examined with some of the key players being 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.
|Base Year of the Analysis||2021|
|Segment Coverage||Type, Application, Region|
|Region Covered||South India, North India, West and Central India, East India|
|Companies Covered||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.|
|Customization Scope||10% Free Customization|
|Report Price and Purchase Option||Single User License: US$ 2299
Five User License: US$ 3399
Corporate License: US$ 4499
|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
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