A new revolution in LVT flooring, WPC flooring is a range of Acoustic Vinyl Composite Core Click products. It is an ideal substitute for laminate or LVT flooring. It is an engineered flooring product featuring a click mechanism, cork backing, and a composite core with a layer of LVT on top. Vinyl on top offers a tough and long-lasting performance; cork backing provides superb sound insulation; and composite core is an extruded layer that is watertight and has high dimensional stability.
According to SPER Market Research, ‘Wood Plastic Composite Flooring Market Size- By Type, By Thickness, By Application- Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ states that the Global Wood Plastic Composite Flooring Market is estimated to reach USD 4.59 billion by 2033 with a CAGR of 7.39%.
Drivers: Flooring made of wood-plastic composites is affordable and renewable. Since synthetic fibres are not renewable, a variety of them, including carbon, aramid, and glass fibres, have problems with degradability. Wood fibre and thermoplastic polymers like polyethylene, polypropylene, and polyvinyl chloride are recyclable and easily disposed of. Wood-plastic composites are becoming more and more popular worldwide in a variety of end-use industries thanks to their easy recyclability. Governments in developed nations are enacting laws and regulations pertaining to garbage management. It is anticipated that these laws will increase future demand for wood-plastic composites.
Restraints: Thermoplastics and a few other treatments are applied to the wood, which causes the wood-plastic composite to become less flexible and more rigid. It takes on a single shape rapidly, and then it becomes difficult to modify. This reduces the material’s potential for reuse. Every product is susceptible to depreciation and has a finite shelf life. When wood-plastic composite is used for an extended period of time, it might creep under high loads. A number of manufacturing variables, including screw speed, wood-plastic ratio, and moulding temperature, may have an impact on the mechanical characteristics of wood-plastic composite flooring.
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The COVID-19 pandemic led to the partial or complete closure of manufacturing facilities for non-essential products due to the extended lockdown in major nations. This led to the closure or suspension of manufacturing in the majority of industrial units worldwide. The coronavirus epidemic affected the supply chain, delaying supplies of wood composites and other raw materials from yards due to lockdown and labour shortages. Industries are closing all across the world. People’s purchasing power is declining, which directly affects the automotive and construction industries. This lowers demand for flooring made of wood-plastic composites and limits the expansion of the industry.
With the United States and Canada being the two biggest contributors, North America is a major player in the worldwide wood-plastic composite flooring industry. Major market players are Shawn Contracted Flooring Services Inc, Slaughterbeck Floors Inc, Cali Bamboo LLC, MP Global Products LLC, and others.
For More Information, refer to below link:-
Wood Plastic Composite Market Outlook
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