ASIA-PACIFIC WOOD PLASTIC COMPOSITES MARKET 2020-2028

Chemicals & Materials | Specialty Chemicals

ASIA-PACIFIC WOOD PLASTIC COMPOSITES MARKET 2020-2028

Market By Type, Application And Geography | Forecast 2020-2028

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As per an analysis by Triton Market Research, the wood plastic composites market in the Asia-Pacific region is forecasted to grow at a CAGR of 10.21% and 9.01% with reference to revenue and volume, respectively, over the projected period 2020-2028.

The countries studied in the Asia-Pacific wood plastic composites market are:

           South Korea

           China

           ASEAN countries

           India

           Japan

           Australia & New Zealand

           Rest of APAC countries



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Asia-Pacific is expected to be the fastest-growing region for wood plastic composites in the world. These materials are used in the manufacturing segment in order to increase the products’ durability and shelf life. The growing manufacturing sector in Asian countries like China is a significant factor driving the growth of the wood plastic composites (WPC) market. In addition, the rising demand for WPC from India and Japan are other drivers of the regional market growth over the coming years. Besides, wood plastic composites are increasingly used in these countries in outdoor applications and the building & construction sectors. Asian countries, including Thailand, India, Indonesia, China, Japan, Malaysia, and South Korea, are gradually increasing their production capacity of WPC to cater to the increasing global demand.

China contributes to the largest share in the wood plastic composites market among the APAC countries. It is a leading market for the manufacturing sector across the world. The country is one of the highest users of WPC materials. As it is eco-friendly in nature, there has been a considerable increase in the use of these materials in the past few decades, and thus, it is likely to witness a huge market growth in the country.

Established in 1955, Universal Forest Products Inc is a company engaged in designing, manufacturing and marketing of wood and wood-alternative products. It offers wood & wood composite decking materials, decorative lawn & garden products, and other wood components, including wall panels, roof & floor trusses and engineered floor systems. The company has major business operations in Asia.

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Table of Content

1.    ASIA-PACIFIC WOOD PLASTIC COMPOSITES MARKET - SUMMARY

2.    INDUSTRY OUTLOOK

2.1. MARKET DEFINITION

2.2. KEY INSIGHTS

2.2.1.   POLYPROPYLENE IS THE RAPIDLY GROWING WOOD PLASTIC COMPOSITE TYPE IN THE MARKET

2.2.2.   BUILDING & CONSTRUCTION PRODUCTS ARE THE MAJOR USERS OF THE WOOD PLASTIC COMPOSITES

2.2.3.   IMPROVEMENT IN PRODUCTION TECHNIQUE

2.2.4.   ADVANTAGE OF RECYCLABLE RAW MATERIALS

2.3. PORTER’S FIVE FORCE ANALYSIS

2.3.1.   THREAT OF NEW ENTRANTS

2.3.2.   THREAT OF SUBSTITUTE

2.3.3.   BARGAINING POWER OF SUPPLIERS

2.3.4.   BARGAINING POWER OF BUYERS

2.3.5.   INTENSITY OF COMPETITIVE RIVALRY

2.4. MARKET ATTRACTIVENESS INDEX

2.5. VENDOR SCORECARD

2.6. MARKET DRIVERS

2.6.1.   RISING DEMAND BY BUILDING AND CONSTRUCTION INDUSTRY

2.6.2.   RISE IN THE DEMAND FOR RECYCLABLE MATERIALS IN AUTOMOTIVE INDUSTRY

2.6.3.   BAN ON THE ARSENIC TOXINS, CHROMIUM AND COPPER TOXINS

2.7. MARKET RESTRAINTS

2.7.1.   PERFORMANCE LIMITATIONS

2.7.2.   SUSCEPTIBLE TO STRUGGLE UNDER HEAVY LOAD

2.7.3.   LOWERING THE WEIGHT OF WPC PRODUCTS

2.8. MARKET OPPORTUNITIES

2.8.1.   CONCERN RELATED TO ENVIRONMENT

2.8.2.   RISE IN THE DEMAND FOR PVC-CAPPED DECKING PRODUCTS

2.9. MARKET CHALLENGES

2.9.1.   LESS DEMAND FOR RECYCLATES IN PRODUCTS

3.    WOOD PLASTIC COMPOSITES MARKET OUTLOOK - BY TYPE

3.1. POLYETHYLENE (PE)

3.2. POLYVINYLCHLORIDE (PVC)

3.3. POLYPROPYLENE (PP)

3.4. OTHER TYPES

4.    WOOD PLASTIC COMPOSITES MARKET OUTLOOK - BY APPLICATION

4.1. BUILDING & CONSTRUCTION PRODUCTS

4.2. AUTOMOTIVE COMPONENTS

4.3. INDUSTRIAL & CONSUMER GOODS

4.4. OTHER APPLICATIONS

5.    WOOD PLASTIC COMPOSITES MARKET – ASIA-PACIFIC

5.1. CHINA

5.2. JAPAN

5.3. INDIA

5.4. SOUTH KOREA

5.5. ASEAN COUNTRIES

5.6. AUSTRALIA & NEW ZEALAND

5.7. REST OF ASIA-PACIFIC

6.    COMPETITIVE LANDSCAPE

6.1. MOSITURESHIELD (FORMERLY ADVANCED ENVIRONMENTAL RECYCLING TECHNOLOGIES INC (AERT)) (ACQUIRED BY OLDCASTLE ARCHITECTURAL)

6.2. AXION INTERNATIONAL INC (AXION STRUCTURAL INNOVATIONS LLC)

6.3. BEOLOGIC

6.4. CERTAINTEED

6.5. FIBERON (ACQUIRED BY FORTUNE BRANDS HOME & SECURITY INC)

6.6. FKUR KUNSTSTOFF GMBH

6.7. JELU-WERK JOSEF EHRLER GMBH & CO KG

6.8. POLYPLANK AB

6.9. TAMKO BUILDING PRODUCTS LLC

6.10. TIMBERTECH LIMITED

6.11. REX COMPANY INC

6.12. UNIVERSAL FOREST PRODUCTS INC (UPF INDUSTRIES INC)

6.13. UPM

7.    RESEARCH METHODOLOGY & SCOPE

7.1. RESEARCH SCOPE & DELIVERABLES

7.1.1.   OBJECTIVES OF STUDY

7.1.2.   SCOPE OF STUDY

7.2. SOURCES OF DATA

7.2.1.   PRIMARY DATA SOURCES

7.2.2.   SECONDARY DATA SOURCES

7.3. RESEARCH METHODOLOGY

7.3.1.   EVALUATION OF PROPOSED MARKET

7.3.2.   IDENTIFICATION OF DATA SOURCES

7.3.3.   ASSESSMENT OF MARKET DETERMINANTS

7.3.4.   DATA COLLECTION

7.3.5.   DATA VALIDATION & ANALYSIS

List of table

TABLE 1: ASIA-PACIFIC WOOD PLASTIC COMPOSITES MARKET, BY COUNTRY, 2020-2028 (IN $ MILLION)

TABLE 2: ASIA-PACIFIC WOOD PLASTIC COMPOSITES MARKET, BY COUNTRY, 2020-2028 (IN KILOTON)

TABLE 3: VENDOR SCORECARD        

TABLE 4: ASIA-PACIFIC WOOD PLASTIC COMPOSITES MARKET, BY TYPE, 2020-2028 (IN $ MILLION)      

TABLE 5: ASIA-PACIFIC WOOD PLASTIC COMPOSITES MARKET, BY TYPE, 2020-2028 (IN KILOTON)     

TABLE 6: ASIA-PACIFIC WOOD PLASTIC COMPOSITES MARKET, BY APPLICATION, 2020-2028 (IN $ MILLION)          

TABLE 7: ASIA-PACIFIC WOOD PLASTIC COMPOSITES MARKET, BY APPLICATION, 2020-2028 (IN KILOTON)

TABLE 8: ASIA-PACIFIC WOOD PLASTIC COMPOSITES MARKET, BY COUNTRY, 2020-2028 (IN $ MILLION)        

TABLE 9: ASIA-PACIFIC WOOD PLASTIC COMPOSITES MARKET, BY COUNTRY, 2020-2028 (IN KILOTON)          

List of Figures

FIGURE 1: ASIA-PACIFIC WOOD PLASTIC COMPOSITES MARKET, BY APPLICATION, 2019 & 2028 (IN %)

FIGURE 2: ASIA-PACIFIC POLYPROPYLENE MARKET, 2020-2028 (IN $ MILLION)

FIGURE 3: ASIA-PACIFIC BUILDING & CONSTRUCTION MARKET, 2020-2028 (IN $ MILLION)           

FIGURE 4: PORTER’S FIVE FORCE ANALYSIS        

FIGURE 5: MARKET ATTRACTIVENESS INDEX       

FIGURE 6: ASIA-PACIFIC WOOD PLASTIC COMPOSITES MARKET, BY POLYETHYLENE (PE), 2020-2028 (IN $ MILLION)

FIGURE 7: ASIA-PACIFIC WOOD PLASTIC COMPOSITES MARKET, BY POLYVINYLCHLORIDE (PVC), 2020-2028 (IN $ MILLION)           

FIGURE 8: ASIA-PACIFIC WOOD PLASTIC COMPOSITES MARKET, BY POLYPROPYLENE (PP), 2020-2028 (IN $ MILLION)  

FIGURE 9: ASIA-PACIFIC WOOD PLASTIC COMPOSITES MARKET, BY OTHER TYPES, 2020-2028 (IN $ MILLION)          

FIGURE 10: ASIA-PACIFIC WOOD PLASTIC COMPOSITES MARKET, BY BUILDING & CONSTRUCTION PRODUCTS, 2020-2028 (IN $ MILLION)  

FIGURE 11: ASIA-PACIFIC WOOD PLASTIC COMPOSITES MARKET, BY AUTOMOTIVE COMPONENTS, 2020-2028 (IN $ MILLION)     

FIGURE 12: ASIA-PACIFIC WOOD PLASTIC COMPOSITES MARKET, BY INDUSTRIAL & CONSUMER GOODS, 2020-2028 (IN $ MILLION)      

FIGURE 13: ASIA-PACIFIC WOOD PLASTIC COMPOSITES MARKET, BY OTHER APPLICATIONS, 2020-2028 (IN $ MILLION)     

FIGURE 14: ASIA-PACIFIC WOOD PLASTIC COMPOSITES MARKET, REGIONAL OUTLOOK, 2019 & 2028 (IN %)            

FIGURE 15: CHINA WOOD PLASTIC COMPOSITES MARKET, 2020-2028 (IN $ MILLION)     

FIGURE 16: JAPAN WOOD PLASTIC COMPOSITES MARKET, 2020-2028 (IN $ MILLION)     

FIGURE 17: INDIA WOOD PLASTIC COMPOSITES MARKET, 2020-2028 (IN $ MILLION)       

FIGURE 18: SOUTH KOREA WOOD PLASTIC COMPOSITES MARKET, 2020-2028 (IN $ MILLION)      

FIGURE 19: ASEAN COUNTRIES WOOD PLASTIC COMPOSITES MARKET, 2020-2028 (IN $ MILLION)

FIGURE 20: AUSTRALIA & NEW ZEALAND WOOD PLASTIC COMPOSITES MARKET, 2020-2028 (IN $ MILLION)          

FIGURE 21: REST OF ASIA-PACIFIC WOOD PLASTIC COMPOSITES MARKET, 2020-2028 (IN $ MILLION)

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