Ongoing Transition from Wood Coupled with Growing Emphasis on Sustainability to Drive Demand for Wood Plastic Composites (WPC) to Reach US$10B by 2029
Industry Experts, Inc published the new global market research report, on Wood Plastic Composites (WPC). As per this new report entitled " Wood Plastic Composites (WPC) – A Global Market Overview ", Building & Construction accounts the largest global share of over 80% market in terms of both volume and value in 2023 while Consumer Goods is anticipated to grow faster with over 10% CAGR during the period 2023-2029. The global WPC market is poised for further growth, driven by the increasing demand for sustainable and eco-friendly materials, advantages over traditional materials, growing demand for outdoor living products, positive momentum in the residential repair and remodeling sector and growth in overall construction and infrastructure development activities across the globe. With ongoing conversion from wood and a growing emphasis on sustainability, the WPC products market is expected to continue expanding in the coming years. Asia-Pacific is the world's largest ...