Global WPC Market Forecast-2020 to 2028
The global wood-plastic composites market is estimated to reach $13470.41 million by 2028, growing at a CAGR of 11.87% in terms of revenue during the forecast period. In terms of volume, the global wood plastic composites market is expected to reach 16503.63 kilotons by 2028, growing at a CAGR of 10.43% during the forecast period. The base year considered for the study is 2019, and the estimated period is between 2020 & 2028. Primary factors propelling the growth of the global wood plastic composites market are: Rising demands from building and construction applications Prohibition on the use of arsenic toxins, chromium and toxins copper Growing demands for recyclable materials in the automotive industry Rising demands for PVC-capped decking products Concerns regarding Environment The rising demand from the building and construction applications is one of the important factors driving growth in the wood-plastic composites market. Building and construction applications hold the larg