Why Demand of Wood Plastic Composite (WPC) is increasing?

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Wood Plastic Composite (WPC) material is created in a factory by combining plastic and real wood fibres.

It is a mixture of virgin polymer resins (plastic) and highly refined wood fibres, with the wood fibres aligned and enclosed in plastic. The wood fibres are encased in plastic and are bonded to it, making them nearly waterproof. The plastic is strengthened by the wood fibres, making it stronger and significantly limiting its thermal mobility.

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Due to its composition, WPC has a similar appearance to wood but is significantly more durable. It also benefits from the best properties of both wood and plastic.

One of the industry’s fastest-growing markets is the one for WPCs.

The WPC market growth is anticipated because of its use to replace treated wood in construction products and related applications. These composites are used in a wide range of market sectors for a variety of applications, including:

Construction and building
Interior finishes
Automotive
Outdoor and garden products
Infrastructure and industry

Therefore, NPCS has brought a great scope for entrepreneurs who want to take this business seriously. We have gathered some relevant data that will help them in near future.

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Indian Market Growth

About 20% of our wood demands are fulfilled by imports. The remaining portions are filled by forestry and plantations. Each year, a significant number of logs are exported from India. Low import taxes combined with high demand for semi-processed wood make for favourable conditions. The number of logs imported has increased to USD 1.14 billion.

The production of the prefabricated WPC windows and doors has just lately begun. The makers are feeling confident due to this rate of growth. The market for this stage is close to USD 1.25 billion annually. 90% of those are wooden products.

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The global WPC market had a 2016 value of $2,551 million. The WPC market is projected to reach $6,584 million by 2023 with a CAGR of 12.6% from 2017 to 2023. The WPC market in India is expected to grow steadily because of its qualities, cost-saving advantages, and, most significantly, durability. The extensive use of WPC boards in furniture and home appliances has made it more accessible to a direct clientele. Customers are using it more frequently due to its highly durable construction and material finish.

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Land RequirementÂ

To start a manufacturing plant for WPC an entrepreneur requires a huge land. This is because this business is not done on small scale. The WPC manufactured is generally used for doors and windows and construction hence the demand is huge. Also, the land acquired needs to fit in large machines and stock inventory which also is the main reason to look for large land.

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Investment

The Indian government is supporting WPC manufacturing since it helps in reducing the importation cost of wood. Therefore, various private and national banks are readily providing loans to start-ups. While deciding the investment amount you also need to investigate the land cost, machine cost, inventory cost, etc.

Licence and Registration Required

ETA Certificate
BIS Certification
GST and VAT are mandatory in any business
MSME Registration
Plant Layout
NOC from the state pollution board
Water and Electricity NOC
Additionally, as a sole proprietor or business, you will need to register and obtain a licence.

Location

You need to purchase land with a shaded area to run the factory. Verify that there is enough electricity installed and being delivered. Create the unit using the ground plan you received from the equipment supplier. Your factory needs to have a suitable entry place for delivery vehicles. There must be a physical workspace setup. You can open an office with the unit or at numerous company locations.

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Machinery

This type of activity requires substantial investments in machinery, gear, and vehicles. Additionally, you need to select the appropriate equipment based on your specific requirements. It is best to install a customised plant. The cost of the facility is also significantly impacted by capacity.

Conclusion

Numerous clients have been served by NPCS. In addition to a solid understanding of the challenges faced by various markets, it has also established a substantial portfolio of NPCS features in the areas of technological and financial viability, feasibility study, integrated business research, and a full market survey.

Please feel free to contact NPCS professionals if you are new to the WPC industry. They will assist in delivering a detailed report and pertinent facts.

Select and Choose the Right Business Startup for You

Niir Project Consultancy Services (NPCS) provides detailed Project Report, Business Plan for Manufacturing Plant, Start-up Ideas, Business Ideas for Entrepreneurs, Start up Business Opportunities, entrepreneurship projects, Successful Business Plan, Industry Trends, Market Research, Manufacturing Process, Machinery, Raw Materials, project report, on various segments. A lot of engineers, project consultant & industrial consultancy firms in India and across the globe have taken benefit from the project report provided by NPCS. You can also get project report and books from the official website of NPCS.

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