ASIA-PACIFIC WOOD PLASTIC COMPOSITES MARKET 2022-2028

Chemicals & Materials | Specialty Chemicals

ASIA-PACIFIC WOOD PLASTIC COMPOSITES MARKET 2022-2028

Market by Type, Application, and Country | Forecast 2022-2028

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As mentioned in Triton’s report, the Asia-Pacific wood plastic composites market is anticipated to witness growth in its revenue and volume at a CAGR of 10.31% and 8.85%, respectively, during the projected period 2022-2028.


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The countries examined in this market include:

•        India

•        China

•        Japan

•        Australia & New Zealand

•        South Korea

•        ASEAN countries

•        Rest of Asia-Pacific

There is an increased demand for wood plastic composites from countries such as India and Japan, owing to the growing use of outdoor applications and demand from the building industry. Several other nations in the region are gradually surging their wood plastic composites production capacity to meet the global demand. As a result, wood plastic composite production has gained momentum across China, India, Japan, South Korea, and Thailand, among others. This significantly drives the studied market’s progress.

China, for instance, holds the highest share in the market. The country is also one of the leaders in the manufacturing sector, with the highest use of wood plastic composite materials. In this regard, wood plastic composites help enhance the product’s life and durability. These features and their eco-friendly nature have augmented the use of wood plastic composite materials across multiple industries, especially manufacturing. Therefore, all these factors are widening the scope and growth of the wood plastic composites market across China.

Universal Forest Products Inc designs, manufactures and markets wood and wood-alternative products across various regions, including the Asia-Pacific countries. It offers preserved and unpreserved dimensional lumber, outdoor living products, including wood composite decking, and garden products. The company sells its products under ProWood, Deckorators, and UFP-Edge brands. It serves retail sectors consisting of home center retailers, contractor-oriented lumber yards, and industrial sectors. 

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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 A RAPIDLY GROWING WOOD PLASTIC COMPOSITE TYPE

2.2.2. BUILDING & CONSTRUCTION PRODUCTS MAJORLY USE WOOD PLASTIC COMPOSITES

2.2.3. IMPROVEMENT IN PRODUCTION TECHNIQUE

2.2.4. ADVANTAGE OF RECYCLABLE RAW MATERIALS

2.3. PORTER’S FIVE FORCES ANALYSIS

2.3.1. THREAT OF NEW ENTRANTS

2.3.2. THREAT OF SUBSTITUTES

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. IMPACT OF COVID-19 ON THE MARKET     

2.7. KEY MARKET STRATEGIES    

2.7.1. CONTRACTS & PARTNERSHIPS          

2.7.2. BUSINESS EXPANSIONS & DIVESTITURES  

2.7.3. NEW PRODUCT LAUNCHES

2.8. MARKET DRIVERS

2.8.1. RISING DEMAND FROM THE BUILDING AND CONSTRUCTION INDUSTRY

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

2.8.3. BAN ON ARSENIC TOXINS, CHROMIUM, AND TOXINS COPPER

2.9. MARKET CHALLENGES

2.9.1. PERFORMANCE LIMITATIONS

2.9.2. SUSCEPTIBILITY TO STRUGGLE UNDER HEAVY LOAD

2.9.3. LOWERING WEIGHT OF WPC PRODUCTS

2.10. MARKET OPPORTUNITIES

2.10.1. ENVIRONMENTAL CONCERNS

2.10.2. RISE IN DEMAND FOR PVC-CAPPED DECKING PRODUCTS

3. ASIA-PACIFIC WOOD PLASTIC COMPOSITES MARKET OUTLOOK - BY TYPE

3.1. POLYETHYLENE (PE)

3.2. POLYVINYL CHLORIDE (PVC)

3.3. POLYPROPYLENE (PP)

3.4. OTHER TYPES

4. ASIA-PACIFIC 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. COUNTRY ANALYSIS

5.1.1. CHINA

5.1.2. JAPAN

5.1.3. INDIA

5.1.4. SOUTH KOREA

5.1.5. ASEAN COUNTRIES

5.1.6. AUSTRALIA & NEW ZEALAND

5.1.7. REST OF ASIA-PACIFIC

6. COMPETITIVE LANDSCAPE

6.1. MOISTURESHIELD

6.2. AXION INTERNATIONAL INC

6.3. BEOLOGIC NV

6.4. CERTAINTEED CORPORATION

6.5. FIBERON LLC

6.6. FKUR KUNSTSTOFF GMBH

6.7. JELU WERK JOSEF EHRLER GMBH AND CO KG

6.8. POLYPLANK AB

6.9. TAMKO BUILDING PRODUCTS INC

6.10. TIMBERTECH LIMITED

6.11. TREX COMPANY INC

6.12. UNIVERSAL FOREST PRODUCTS 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 Tables

TABLE 1: ASIA-PACIFIC WOOD PLASTIC COMPOSITES MARKET, BY COUNTRY, 2022-2028 (IN $ MILLION)

TABLE 2: VENDOR SCORECARD        

TABLE 3: ASIA-PACIFIC WOOD PLASTIC COMPOSITES MARKET, BY TYPE, 2022-2028 (IN $ MILLION)         

TABLE 4: ASIA-PACIFIC WOOD PLASTIC COMPOSITES MARKET, BY TYPE, 2022-2028 (IN KILOTON)

TABLE 5: ASIA-PACIFIC WOOD PLASTIC COMPOSITES MARKET, BY APPLICATION, 2022-2028 (IN $ MILLION)     

TABLE 6: ASIA-PACIFIC WOOD PLASTIC COMPOSITES MARKET, BY APPLICATION, 2022-2028 (IN KILOTON)       

TABLE 7: ASIA-PACIFIC WOOD PLASTIC COMPOSITES MARKET, BY COUNTRY, 2022-2028 (IN $ MILLION) 

TABLE 8: ASIA-PACIFIC WOOD PLASTIC COMPOSITES MARKET, BY COUNTRY, 2022-2028 (IN KILOTON)    

List of Figures

FIGURE 1: ASIA-PACIFIC WOOD PLASTIC COMPOSITES MARKET, BY APPLICATION, 2021 & 2028 (IN %)

FIGURE 2: ASIA-PACIFIC POLYPROPYLENE MARKET, 2022-2028 (IN $ MILLION)    

FIGURE 3: ASIA-PACIFIC BUILDING & CONSTRUCTION MARKET, 2022-2028 (IN $ MILLION)        

FIGURE 4: PORTER’S FIVE FORCES ANALYSIS     

FIGURE 5: MARKET ATTRACTIVENESS INDEX      

FIGURE 6: ASIA-PACIFIC WOOD PLASTIC COMPOSITES MARKET, BY POLYETHYLENE (PE), 2022-2028 (IN $ MILLION)   

FIGURE 7: ASIA-PACIFIC WOOD PLASTIC COMPOSITES MARKET, BY POLYVINYL CHLORIDE (PVC), 2022-2028 (IN $ MILLION) 

FIGURE 8: ASIA-PACIFIC WOOD PLASTIC COMPOSITES MARKET, BY POLYPROPYLENE (PP), 2022-2028 (IN $ MILLION) 

FIGURE 9: ASIA-PACIFIC WOOD PLASTIC COMPOSITES MARKET, BY OTHER TYPES, 2022-2028 (IN $ MILLION)    

FIGURE 10: ASIA-PACIFIC WOOD PLASTIC COMPOSITES MARKET, BY BUILDING & CONSTRUCTION PRODUCTS, 2022-2028 (IN $ MILLION) 

FIGURE 11: ASIA-PACIFIC WOOD PLASTIC COMPOSITES MARKET, BY AUTOMOTIVE COMPONENTS, 2022-2028 (IN $ MILLION) 

FIGURE 12: ASIA-PACIFIC WOOD PLASTIC COMPOSITES MARKET, BY INDUSTRIAL & CONSUMER GOODS, 2022-2028 (IN $ MILLION) 

FIGURE 13: ASIA-PACIFIC WOOD PLASTIC COMPOSITES MARKET, BY OTHER APPLICATIONS, 2022-2028 (IN $ MILLION) 

FIGURE 14: ASIA-PACIFIC WOOD PLASTIC COMPOSITES MARKET, REGIONAL OUTLOOK, 2021 & 2028 (IN %)             

FIGURE 15: CHINA WOOD PLASTIC COMPOSITES MARKET 2022-2028 (IN $ MILLION)      

FIGURE 16: JAPAN WOOD PLASTIC COMPOSITES MARKET 2022-2028 (IN $ MILLION)      

FIGURE 17: INDIA WOOD PLASTIC COMPOSITES MARKET 2022-2028 (IN $ MILLION)  

FIGURE 18: SOUTH KOREA WOOD PLASTIC COMPOSITES MARKET 2022-2028 (IN $ MILLION)

FIGURE 19: ASEAN COUNTRIES WOOD PLASTIC COMPOSITES MARKET 2022-2028 (IN $ MILLION)

FIGURE 20: AUSTRALIA & NEW ZEALAND WOOD PLASTIC COMPOSITES MARKET 2022-2028 (IN $ MILLION)    

FIGURE 21: REST OF ASIA-PACIFIC WOOD PLASTIC COMPOSITES MARKET 2022-2028 (IN $ MILLION)

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