Wood-plastic composites (WPCs) are a product class that has been developing over the last 40 years resulting in increased applications and expanded market share.More specifically, WPCs are composites containing a wood component in particleform (wood particles/wood flour) and a polymer matrix. They are used in a varietyof structural and non-structural applications ranging from component and product prototyping to outdoor decking. Wood plastic composites (WPCs) are roughly 50:50 mixtures of thermoplastic polymers and small wood particles.
The wood and thermoplastics are usually compounded above the melting temperature of the thermoplastic polymers and then further processed to make various WPC products. WPC can be manufactured in a variety of colors, shapes and sizes, and with different surface textures. Depending on the processing method, WPCs can be formed into almost any shape and thus are used for a wide variety of applications, including windows, door frames, interior panels in cars, railings, fences, landscaping timbers, cladding and siding, park benches, molding and furniture.
This industry segment has grown in double digit percentages annually for the past decade.The wood plastic composite market is projected to grow from $ 2579.90 million in last year to $4,601.7 million by 2019, with a CAGR of 12.2%. Polyethylene is the single-largest segment, holding 56.6% share of the global wood plastic composite market in last year and is projected to grow with a CAGR of 12.0% in 2019.Thus, due to demand it is a good project for entrepreneurs to invest.
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