Wood Plastic Composite Market Forecast: 10.3% CAGR Growth to USD 18.5 Billion by 2034
The wood plastic composite market, valued at USD 6914.1 million in 2024, is projected to grow at a CAGR of 10.3% from 2024 to 2034. The market is anticipated to attain a value of USD 18498.4 million by 2034, driven by increasing demand for sustainable building materials.
The wood plastic composite (WPC) market is witnessing significant growth, fueled by the construction sector's rising focus on sustainable practices. WPCs are made from recycled wood fibers and thermoplastics, providing a friendly alternative to other traditional materials. WPCs are set to gain popularity due to their eco-friendly properties and recyclability, especially amid initiatives like India's Smart Cities Mission.
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Polymer Modified Bitumen Market to Attain USD 19.17 Billion by 2034 at 4.9% CAGR

The polymer modified bitumen market is expected to be valued at USD 11,829.1 million in 2024. A CAGR of 4.9% is predicted for polymer modified bitumen from 2024 to 2034. By 2034, the market value is forecasted to reach USD 19,169.4 million.
Many studies have been conducted recently on polymer modified bitumen (PM, concentrating on different facets of its characteristics and uses. During the last two decades, bitumen modification utilizing polymers has grown in popularity virgin polymers, waste polymers, and mixtures that combine polymers have become more popular. Numerous methodologies have been used in recent research to examine the impact of polymer addition on various bitumen characteristics, polymer-bitumen morphology, and polymer-bitumen interactions.
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