Chan Ye Xin Xi Wang·2025-07-29 01:31Core Insights - The wood-plastic composite (WPC) industry is experiencing rapid growth in China, driven by environmental policies and increasing demand for sustainable materials [1][6][20] - The market for WPC products is expected to reach a production volume of approximately 5.5 million tons and sales of about 5.35 million tons by 2025 [1][8] Group 1: Industry Characteristics and Classification - WPC is an eco-friendly composite material made from wood fibers and thermoplastic plastics, offering excellent physical and mechanical properties [2][4] - WPC products are categorized based on plastic raw materials (e.g., PE, PP, PVC), fiber sources (e.g., wood, agricultural fibers), structural forms (e.g., solid, hollow), surface treatments, and application fields [4][10] Group 2: Current Development Status - The WPC industry in China has developed rapidly, with production increasing from 2.55 million tons in 2017 to an expected 5.5 million tons by 2025 [6][8] - The application of WPC has expanded from simple logistics pallets to various sectors including construction, landscaping, and furniture manufacturing [5][10] Group 3: Industry Chain - The upstream of the WPC industry includes raw materials like wood powder and plastics, while the midstream involves the manufacturing processes such as mixing and extrusion [10] - The downstream applications are diverse, covering construction decoration, outdoor landscapes, and packaging [10] Group 4: Competitive Landscape - China is the largest producer and consumer of WPC globally, with major companies concentrated in the Pearl River Delta and Yangtze River Delta regions [12] - Key players in the market include Meixin Technology, Jiangsu Furuishen, and Anhui Sentai, with varying production capacities and market shares [12][15] Group 5: Representative Companies - Meixin Technology focuses on developing eco-friendly WPC materials, achieving significant revenue in outdoor flooring and wall panels, with projected revenue of 833 million yuan in 2024 [15][18] - Anhui Sentai specializes in high-performance WPC and has a strong patent portfolio, with expected revenue of 894 million yuan in 2024 [17][18] Group 6: Industry Development Trends - The WPC industry is transitioning from scale expansion to high-quality development, emphasizing technological innovation and green upgrades [20] - The demand for high-performance, diverse, and adaptable WPC products is expected to grow, indicating a strong market potential [20]