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India Wood Plastic Composites Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

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    Report

  • 143 Pages
  • August 2022
  • Region: India
  • IMARC Group
  • ID: 5642438
The India wood plastic composites market reached a value of US$ 196.7 Million in 2021. Looking forward, the publisher expects the market to reach US$ 393.5 Million by 2027, exhibiting a CAGR of 12.25% during 2021-2027. 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.

India Wood Plastic Composites Market Trends:

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.

Key Market Segmentation:

The publisher 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:

  • Polyvinylchloride
  • Polypropylene
  • Polyethylene
  • Others

Breakup by Application:

  • Building and Construction
  • Windows and Doors
  • Decking and Flooring
  • Sliding and Fencing
  • Others
  • Industrial and Consumer Goods
  • Others

Breakup by Region:

  • South India
  • North India
  • West and Central India
  • East India

Competitive Landscape:

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.

Key Questions Answered in This Report:

  • How has the India wood plastic composites market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the India wood plastic composites market?
  • What are the key regional markets?
  • What is the breakup of the market based on the type?
  • What is the breakup of the market based on the application?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the India wood plastic composites market and who are the key players?
  • What is the degree of competition in the industry?
Frequently Asked Questions about the Indian Wood Plastic Composites Market

What is the estimated value of the Indian Wood Plastic Composites Market?

The Indian Wood Plastic Composites Market was estimated to be valued at $196.7 Million in 2021.

What is the growth rate of the Indian Wood Plastic Composites Market?

The growth rate of the Indian Wood Plastic Composites Market is 12.2%, with an estimated value of $393.5 Million by 2027.

What is the forecasted size of the Indian Wood Plastic Composites Market?

The Indian Wood Plastic Composites Market is estimated to be worth $393.5 Million by 2027.

Who are the key companies in the Indian Wood Plastic Composites Market?

Key companies in the Indian Wood Plastic Composites Market include Ado Woods, Alstone Industries Private Limited, Ecoste, JKD Plastics, Kumar Arch Tech Private Limited (ECHON), Meghmani Group, SCHALEWOOD, Shubh Wood and WoodAlt..

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Wood Plastic Composites Market
5.1 Market Overview
5.2 Market Performance
5.3 Market Forecast
5.4 Market Breakup by Type
5.5 Market Breakup by Application
5.6 Market Breakup by Region
6 Southeast Asia Wood Plastic Composites Market
6.1 Market Overview
6.2 Market Performance
6.3 Market Forecast
6.4 Market Breakup by Type
6.5 Market Breakup by Application
6.6 Market Breakup by Country
7 India Wood Plastic Composites Market
7.1 Market Overview
7.2 Market Performance
7.3 Impact of COVID-19
7.4 Market Forecast
8 Market Breakup by Type
8.1 Polyvinylchloride
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Polypropylene
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Polyethylene
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Others
8.4.1 Market Trends
8.4.2 Market Forecast
9 Market Breakup by Application
9.1 Building and Construction
9.1.1 Market Trends
9.1.2 Market Forecast
9.1.3 Market Breakup by Segment
9.1.3.1 Windows and Doors
9.1.3.1.1 Market Trends
9.1.3.1.2 Market Forecast
9.1.3.2 Decking and Flooring
9.1.3.2.1 Market Trends
9.1.3.2.2 Market Forecast
9.1.3.3 Sliding and Fencing
9.1.3.3.1 Market Trends
9.1.3.3.2 Market Forecast
9.1.3.4 Others
9.1.3.4.1 Market Trends
9.1.3.4.2 Market Forecast
9.2 Industrial and Consumer Goods
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Others
9.3.1 Market Trends
9.3.2 Market Forecast
10 Market Breakup by Region
10.1 South India
10.1.1 Market Trends
10.1.2 Market Breakup by States
10.1.3 Market Forecast
10.2 North India
10.2.1 Market Trends
10.2.2 Market Breakup by States
10.2.3 Market Forecast
10.3 West and Central India
10.3.1 Market Trends
10.3.2 Market Breakup by States
10.3.3 Market Forecast
10.4 East India
10.4.1 Market Trends
10.4.2 Market Breakup by States
10.4.3 Market Forecast
11 SWOT Analysis
11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats
12 Value Chain Analysis
12.1 Overview
12.2 Raw Material Suppliers
12.3 Wood Plastic Composites Manufacturers
12.4 Distributers
12.5 Exporters
12.6 Retailers
12.7 End Users
13 Porters Five Forces Analysis
13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes
14 Market Drivers & Risks Factors15 Price Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Key Players
16.3 Profiles of Key Players
16.3.1 Ado Woods
16.3.1.1 Company Overview
16.3.1.2 Product Portfolio
16.3.2 Alstone Industries Private Limited
16.3.2.1 Company Overview
16.3.2.2 Product Portfolio
16.3.3 Ecoste
16.3.3.1 Company Overview
16.3.3.2 Product Portfolio
16.3.4 JKD Plastics
16.3.4.1 Company Overview
16.3.4.2 Product Portfolio
16.3.5 Kumar Arch Tech Private Limited (ECHON)
16.3.5.1 Company Overview
16.3.5.2 Product Portfolio
16.3.6 Meghmani Group
16.3.6.1 Company Overview
16.3.6.2 Product Portfolio
16.3.7 SCHALEWOOD
16.3.7.1 Company Overview
16.3.7.2 Product Portfolio
16.3.8 Shubh Wood
16.3.8.1 Company Overview
16.3.8.2 Product Portfolio
16.3.9 TVL Engineers Pvt. Ltd (Floresta)
16.3.9.1 Company Overview
16.3.9.2 Product Portfolio
16.3.10 WoodAlt
16.3.10.1 Company Overview
16.3.10.2 Product Portfolio
List of Figures
Figure 1: India: Wood Plastic Composites Market: Major Drivers and Challenges
Figure 2: Global: Wood Plastic Composites Market: Sales Value (in Million US$), 2016-2021
Figure 3: Global: Wood Plastic Composites: Market Forecast: Sales Value (in Million US$), 2022- 2027
Figure 4: Global: Wood Plastic Composites Market: Breakup by Type (in %), 2021
Figure 5: Global: Wood Plastic Composites Market: Breakup by Application (in %), 2021
Figure 6: Global: Wood Plastic Composites Market: Breakup by Region (in %), 2021
Figure 7: Southeast Asia: Wood Plastic Composites Market: Sales Value (in Million US$), 2016-2021
Figure 8: Southeast Asia: Wood Plastic Composites: Market Forecast: Sales Value (in Million US$), 2022- 2027
Figure 9: Southeast Asia: Wood Plastic Composites Market: Breakup by Type (in %), 2021
Figure 10: Southeast Asia: Wood Plastic Composites Market: Breakup by Application (in %), 2021
Figure 11: Southeast Asia: Wood Plastic Composites Market: Breakup by Country (in %), 2021
Figure 12: India: Wood Plastic Composites Market: Sales Value (in Million US$), 2016-2021
Figure 13: India: Wood Plastic Composites Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: India: Wood Plastic Composites Market: Breakup by Type (in %), 2021
Figure 15: India: Wood Plastic Composites Market: Breakup by Application (in %), 2021
Figure 16: India: Wood Plastic Composites Market: Breakup by Region (in %), 2021
Figure 17: India: Wood Plastic Composites (Polyvinylchloride) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: India: Wood Plastic Composites (Polyvinylchloride ) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: India: Wood Plastic Composites (Polypropylene) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: India: Wood Plastic Composites (Polypropylene) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: India: Wood Plastic Composites (Polyethylene) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: India: Wood Plastic Composites (Polyethylene) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: India: Wood Plastic Composites (Other Types) Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: India: Wood Plastic Composites (Other Types) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: India: Wood Plastic Composites (Building and Construction) Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: India: Wood Plastic Composites (Building and Construction) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: India: Wood Plastic Composites (Building and Construction) Market: Breakup by Segment (in %), 2021
Figure 28: India: Wood Plastic Composites (Windows and Doors) Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: India: Wood Plastic Composites (Windows and Doors) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: India: Wood Plastic Composites (Decking and Flooring) Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: India: Wood Plastic Composites (Decking and Flooring) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: India: Wood Plastic Composites (Sliding and Fencing) Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: India: Wood Plastic Composites (Sliding and Fencing) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: India: Wood Plastic Composites (Other Segments) Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: India: Wood Plastic Composites (Other Segments) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: India: Wood Plastic Composites (Industrial and Consumer Goods) Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: India: Wood Plastic Composites (Industrial and Consumer Goods) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: India: Wood Plastic Composites (Other Applications)Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: India: Wood Plastic Composites (Other Applications) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: South India: Wood Plastic Composites Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: South India: Wood Plastic Composites Market: Breakup by State (in %), 2021
Figure 42: South India: Wood Plastic Composites Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: North India: Wood Plastic Composites Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: North India: Wood Plastic Composites Market: Breakup by State (in %), 2021
Figure 45: North India: Wood Plastic Composites Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: West and Central India: Wood Plastic Composites Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: West and Central India: Wood Plastic Composites Market: Breakup by State (in %), 2021
Figure 48: West and Central India: Wood Plastic Composites Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 49: East India: Wood Plastic Composites Market: Sales Value (in Million US$), 2016 & 2021
Figure 50: East India: Wood Plastic Composites Market: Breakup by State (in %), 2021
Figure 51: East India: Wood Plastic Composites Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: India: Wood Plastic Composites Industry: SWOT Analysis
Figure 53: India: Wood Plastic Composites Industry: Value Chain Analysis
Figure 54: India: Wood Plastic Composites Industry: Porter’s Five Forces Analysis
List of Tables
Table 1: Global: Wood Plastic Composites Market: Key Industry Highlights, 2021 and 2027
Table 2: Southeast Asia: Wood Plastic Composites Market: Key Industry Highlights, 2021 and 2027
Table 3: India: Wood Plastic Composites Market: Key Industry Highlights, 2021 and 2027
Table 4: India: Wood Plastic Composites Market Forecast: Breakup by Type (in Million US$), 2022-2027
Table 5: India: Wood Plastic Composites Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 6: India: Wood Plastic Composites Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 7: India: Wood Plastic Composites Market: Competitive Structure
Table 8: India: Wood Plastic Composites Market: Key Players

Companies Mentioned

  • 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)
  • WoodAlt.

Methodology

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