The wood-plastic composites market of Asia Pacific is evaluated to grow considerably and reach a CAGR of 13.28% in terms of revenue over the projected period of 2020-2028. Further, the market is expected to register a CAGR of 11.82% in terms of volume during this period. The major factors accelerating the market growth in the region are the rising demand for wood-plastic composites in construction and building components and increasing usage in outdoor applications. The analysis of the Asia Pacific wood-plastic composites market constitutes of the market regions of countries such as India, South Korea, ASEAN, Japan, Australia & New Zealand, China, and the rest of Asia Pacific. China is the largest market share-holder in the wood-plastic composites market in the region.

ASIA PACIFIC WOOD PLASTIC COMPOSITES MARKET FORECAST 2020-2028

Asia Pacific Wood Plastic Composites Market by Type (Polyethylene (Pe), Polyvinylchloride (Pvc), Polypropylene (Pp), Other Types) by Application (Building & Construction Products, Automotive Components, Industrial & Consumer Goods, Other Applications) by Geography.

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Report Summary

The wood-plastic composites market of Asia Pacific is evaluated to grow considerably and reach a CAGR of 13.28% in terms of revenue over the projected period of 2020-2028. Further, the market is expected to register a CAGR of 11.82% in terms of volume during this period. The major factors accelerating the market growth in the region are the rising demand for wood-plastic composites in construction and building components and increasing usage in outdoor applications.

Asia Pacific Wood Plastic Composites Market

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The analysis of the Asia Pacific wood-plastic composites market constitutes of the market regions of countries such as India, South Korea, ASEAN, Japan, Australia & New Zealand, China, and the rest of Asia Pacific. China is the largest market share-holder in the wood-plastic composites market in the region. In the manufacturing sector, China is also one of the leaders using wood plastic composites materials because of their durability, eco-friendly nature, and they help to increase the longevity of the product. Japan is an automobile center in this region, and the wood plastic composites market is growing at about 10% a year. The car manufacturers are increasingly using WPC along with plastic composites made of rice, straw, and other materials to reduce the car’s weight and carbon emission, which, in turn, enhances the car’s performance. In India, though the WPC market has just begun to develop, there is a high growth potential due to biodegradability. In countries like South Korea, the government introduced mandatory fuel economy standards, and these norms encourage automobile manufacturers to use WPC to reduce CO2 emissions.

Universal Forest Products, Inc., through its subsidiaries, manufactures, designs, and markets wood and wood-alternative products in Asia, North America, Europe, and Australia. Two major acquisitions of the company are Pallet USA, LLC., and Wolverine Wood Products. The company has its headquarters in Grand Rapids, Michigan.

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    Table of Contents

    1. RESEARCH SCOPE & METHODOLOGY
      • STUDY OBJECTIVES
      • SCOPE OF STUDY
      • METHODOLOGY
      • ASSUMPTIONS & LIMITATIONS
    2. EXECUTIVE SUMMARY
      • MARKET SIZE & ESTIMATES
      • MARKET OVERVIEW
    3. MARKET DYNAMICS
      • PARENT MARKET ANALYSIS: WOOD PRODUCTS MANUFACTURING MARKET
      • MARKET DEFINITION
      • KEY DRIVERS
        • GROWING DEMAND FROM BUILDING AND CONSTRUCTION APPLICATIONS
        • BAN ON THE USE OF ARSENIC TOXINS, CHROMIUM AND TOXINS COPPER
        • INCREASING DEMAND FOR RECYCLABLE MATERIALS IN AUTOMOTIVE INDUSTRY
        • INCREASING DEMAND FOR PVC-CAPPED DECKING PRODUCTS
        • ENVIRONMENTAL CONCERN
      • KEY RESTRAINTS
        • LACK OF RIGIDITY AND IMPACT OF HEAVY LOAD
        • PRODUCT LIMITATIONS IN CERTAIN APPLICATIONS
        • LACK OF WELL-DEFINED QUALITY STANDARDS
        • REDUCING THE WEIGHT OF WPC PRODUCTS
        • LOW PREFERENCE FOR RECYCLATES IN PRODUCTS
    1. KEY ANALYTICS
      • KEY INVESTMENT INSIGHTS
      • PORTER’S FIVE FORCE ANALYSIS
        • BUYER POWER
        • SUPPLIER POWER
        • SUBSTITUTION
        • NEW ENTRANTS
        • INDUSTRY RIVALRY
      • OPPORTUNITY MATRIX
      • VENDOR LANDSCAPE
      • SUPPLY CHAIN ANALYSIS
    2. MARKET BY TYPE
      • POLYETHYLENE (PE)
      • POLYVINYLCHLORIDE (PVC)
      • POLYPROPYLENE (PP)
      • OTHER TYPES
    3. MARKET BY APPLICATION
      • BUILDING & CONSTRUCTION PRODUCTS
      • AUTOMOTIVE COMPONENTS
      • INDUSTRIAL & CONSUMER GOODS
      • OTHER APPLICATIONS
    4. GEOGRAPHICAL ANALYSIS
      • ASIA PACIFIC
        • CHINA
        • JAPAN
        • INDIA
        • SOUTH KOREA
        • ASEAN
        • AUSTRALIA & NEW ZEALAND
        • REST OF ASIA PACIFIC
    1. COMPANY PROFILES
      • MOSITURESHIELD (FORMERLY ADVANCED ENVIRONMENTAL RECYCLING TECHNOLOGIES, INC. (AERT)) (ACQUIRED BY OLDCASTLE ARCHITECTURAL)
      • AXION INTERNATIONAL, INC.
      • BEOLOGIC N.V.
      • CERTAINTEED CORPORATION
      • FIBERON, LLC (ACQUIRED BY FORTUNE BRANDS HOME & SECURITY INC.)
      • FKUR KUNSTSTOFF GMBH
      • JELU-WERK JOSEF EHRLER GMBH & CO. KG
      • POLYPLANK AB
      • TAMKO BUILDING PRODUCTS, INC.
      • TIMBERTECH LIMITED
      • TREX COMPANY, INC.
      • UNIVERSAL FOREST PRODUCTS, INC.

    LIST OF TABLE

    TABLE 1: MARKET SNAPSHOT – WOOD PLASTIC COMPOSITES

    TABLE 2: ASIA PACIFIC WOOD PLASTIC COMPOSITES MARKET, BY TYPE, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

    TABLE 3: ASIA PACIFIC WOOD PLASTIC COMPOSITES MARKET, BY TYPE, FORECAST YEARS, 2020-2028 (IN $ MILLION)

    TABLE 4: ASIA PACIFIC WOOD PLASTIC COMPOSITES MARKET, BY TYPE, HISTORICAL YEARS, 2016-2019 (IN KILOTONS)

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

    TABLE 6: ASIA PACIFIC WOOD PLASTIC COMPOSITES MARKET, BY APPLICATION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

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

    TABLE 7: ASIA PACIFIC WOOD PLASTIC COMPOSITES MARKET, BY APPLICATION, HISTORICAL YEARS, 2016-2019 (IN KILOTONS)

    TABLE 8: ASIA PACIFIC WOOD PLASTIC COMPOSITES MARKET, BY APPLICATION, FORECAST YEARS, 2020-2028 (IN KILOTONS)

    TABLE 9: ASIA PACIFIC WOOD PLASTIC COMPOSITES MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

    TABLE 10: ASIA PACIFIC WOOD PLASTIC COMPOSITES MARKET, BY COUNTRY, FORECAST YEARS, 2020-2028 (IN $ MILLION)

    TABLE 11: ASIA PACIFIC WOOD PLASTIC COMPOSITES MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2019 (IN KILOTONS)

    TABLE 12: ASIA PACIFIC WOOD PLASTIC COMPOSITES MARKET, BY COUNTRY, FORECAST YEARS, 2020-2028 (KILOTONS)

    LIST OF FIGURES

    FIGURE 1: KEY INVESTMENT INSIGHTS

    FIGURE 2: PORTER’S FIVE FORCE ANALYSIS

    FIGURE 3: OPPORTUNITY MATRIX

    FIGURE 4: VENDOR LANDSCAPE

    FIGURE 5: ASIA PACIFIC WOOD PLASTIC COMPOSITES MARKET, GROWTH POTENTIAL, BY TYPE, IN 2019

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

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

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

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

    FIGURE 10: ASIA PACIFIC WOOD PLASTIC COMPOSITES MARKET, GROWTH POTENTIAL, BY APPLICATION, IN 2019

    FIGURE 11: ASIA PACIFIC WOOD PLASTIC COMPOSITES MARKET, BUILDING & CONSTRUCTION PRODUCTS, 2020-2028 (IN $ MILLION)

    FIGURE 12: ASIA PACIFIC WOOD PLASTIC COMPOSITES MARKET, AUTOMOTIVE COMPONENTS, 2020-2028 (IN $ MILLION)

    FIGURE 13: ASIA PACIFIC WOOD PLASTIC COMPOSITES MARKET, INDUSTRIAL & CONSUMER GOODS, 2020-2028 (IN $ MILLION)

    FIGURE 14: ASIA PACIFIC WOOD PLASTIC COMPOSITES MARKET, OTHER APPLICATIONS, 2020-2028 (IN $ MILLION)

    FIGURE 15: ASIA PACIFIC WOOD PLASTIC COMPOSITES MARKET, REGIONAL OUTLOOK, 2019 & 2028 (IN %)

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

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

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

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

    FIGURE 20: ASEAN WOOD PLASTIC COMPOSITES MARKET, 2020-2028 (IN $ MILLION)

    FIGURE 21: AUSTRALIA & NEW ZEALAND WOOD PLASTIC COMPOSITES MARKET, 2020-2028 (IN $ MILLION)

    FIGURE 22: REST OF ASIA PACIFIC WOOD PLASTIC COMPOSITES MARKET, 2020-2028 (IN $ MILLION)

    Segmentation

    1. GEOGRAPHICAL ANALYSIS
      • ASIA PACIFIC
        • CHINA
        • JAPAN
        • INDIA
        • SOUTH KOREA
        • ASEAN
        • AUSTRALIA & NEW ZEALAND
        • REST OF ASIA PACIFIC
    1. MARKET BY TYPE
      • POLYETHYLENE (PE)
      • POLYVINYLCHLORIDE (PVC)
      • POLYPROPYLENE (PP)
      • OTHER TYPES
    2. MARKET BY APPLICATION
      • BUILDING & CONSTRUCTION PRODUCTS
      • AUTOMOTIVE COMPONENTS
      • INDUSTRIAL & CONSUMER GOODS
      • OTHER APPLICATIONS

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