Global market growth for WPC has been over 20% annually.
The market size for external WPC seems to be about Rs. 150 Crores in India currently, with expectations of 40% incremental growth projected for the next 10 years.
New applications for WPC are created frequently, continuously opening and expanding the market for this material
Infancy stage in India, with phenomenal volume growth predicted over the next 10 years.
Aesthetically well accepted product in market where wood is preferred. No maintenance is an attractive value proposition to customers.
Higher value product with better commercial viability (margins) compared to products like plywood, MDF, laminates & ACP. Therefore good opportunity for dealers to be associated with right WPC brand.
Commercially one of the most promising products in the next 10 years.