Market by Type, Application, and Country | Forecast 2022-2028
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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VIEW REPORT1. 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
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)
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)