Views: 0 Author: Site Editor Publish Time: 2022-08-10 Origin: Site
Have you ever thought about investing in WPC materials for your home or business? If so, then you’d be getting involved with one of the next biggest trends for sure! But what is wood plastic composite, and could this be a good match for your next project? We’ve outlined some of the key things you should know about the current situation of wood plastic composite (WPC) materials as follows to help you find out a little more about the current market situation in Europe.
Before we go any further with considering the current market situation of WPC, we should outline what WPC actually is. WPC stands for wood plastic composite, and these are highly specialized modern materials. As such, manufacturers and consumers alike are rapidly embracing this new material for the value it can potentially bring to construction, furnishing, and wider manufacturing projects.
Notably, wood plastic composite materials contain a mix of natural wood and thermoplastics. Usually, wood plastic composite materials are made by creating a mixture of thermoplastics and wood fiber or wood flour, which gives wood plastic composite materials numerous excellent properties accordingly. Alternatively, some manufacturers also make wood plastic composite materials from lignocellulosic materials, and some WPC may also contain a handful of fillers to help achieve the final properties required.
It’s a little more labor-intensive to make than traditional wood building materials, but the benefits that wood plastic composite can offer are numerous. As such, it is perhaps no surprise that these excellent alternative materials are being used widely in a growing number of fields.
There are countless excellent benefits of wood plastic composite materials. Naturally, this may explain why they’re growing so rapidly in the European market at present. A few of the benefits of wood plastic composite materials include:
- Excellent durability – unlike traditional wooden materials, WPC is less prone to wear and tear and rotting. As such, it is often able to provide far superior durability.
- Slip resistance – many WPC materials are designed with slip resistance in mind, which helps ensure that people stay safe and comfortable while using WPC products. This is notable in outdoor decking, which can be highly dangerous when wet.
- Excellent value for money product – Undoubtedly, wood materials can sometimes be a little expensive, especially when you start to use premium woods. However, WPC offers a far more affordable solution in many cases, allowing people to get the great results they deserve without having to worry about the value.
- Stunning aesthetic – did you know that one of the main benefits of wood plastic composite materials is that they still manage to offer roughly the same gorgeous aesthetic appeal as traditional wood products. As such, if you’re looking for a material that provides superior durability and affordability without compromising the final result, premium WPC might be the right option for you!
At present, the market situation of wood plastic composite materials in Europe is in an incredibly strong position. Due to the benefits we’ve highlighted above, WPC is rapidly becoming one of the hottest new materials in Europe, which is often changing the way that products are made.
Indeed, with the global WPC market valued in the region of $4.77 billion, there’s no doubt that opportunities for everyone are numerous – but how does Europe look compared to the global figure?
The growing demand is one of the most notable features of the current market situation of European wood plastic composite materials. Indeed, the overall demand for wood plastic composite materials within the European Union is growing very rapidly; estimates suggest that the compound annual change by volume could be over 10%. In fact, further estimates suggest that approximately 450 kilotons of WPC materials were sold in Europe in 2021 alone, indicating a substantial quantity.
Therefore, it’s easy to see how quickly the demand for wood plastic composite materials is growing within the EU, and it seems likely that an increasing number of manufacturers will rapidly get involved with this change.
Statistics don’t lie, and this is certainly true when it comes to the annual growth rate of wood plastic composite materials in Europe. Indeed, the annual growth rate in the European WPC market is believed to be around 8% in the next five years.
However, that’s a conservative estimate, and some estimates are even higher, suggesting that the overall growth of European WPC materials could be closer to 9% annually. As such, it’s safe to say that the European market for WPC materials is growing very rapidly – but how rapidly isn’t quite yet clear.
As such, this will be massively exciting to watch for those involved in the WPC materials industry. Nevertheless, one point that remains apparent across the estimates is that this trend is only likely to continue as a growing number of brands and manufacturers see the benefits that wood plastic composite materials can offer.
The benefits of WPC materials are numerous. And based on the aforementioned points relating to the growth of the wood plastic composite market in the EU, it is apparent that more and more entities are embracing the value WPC can bring. As such, going forwards, it remains likely that WPC materials will continue to bring new opportunities for customers and manufacturers alike, and so the demand for WPC should remain steadfast going ahead.
With more and more homes, businesses, and manufacturers choosing wood plastic composite (WPC) materials for their projects, it’s no surprise that this industry is seeing regular and rapid growth. However, if you have been considering wood plastic composite (WPC) materials and you’re still feeling a little unsure, please don’t hesitate to contact our expert team here at Mexytech. As some of the leading experts in the wood plastic composite materials field, we’re here to help you find the ideal solution for your needs.
Foshan MexyTech Co., Ltd.