ASIA PACIFIC WOOD PLASTIC COMPOSITES MARKET FORECAST 2018-2026
KEY FINDINGS
The Asia-Pacific wood plastic composite market accounted for $1117.9 million in 2017. By the end of the forecast period of 2018-2026, the market is anticipated to collect $3702.4 million, by exhibiting a CAGR of 14.19%.
MARKET INSIGHTS
The Indian WPC market is slated to evolve with the highest CAGR over the forecast period. The wood-plastic composites market is growing at a minimum of 10 percent a year in Japan. China WPC market was a leader in terms of revenue generation in 2017. The rest of Asia Pacific market, which includes countries such as Singapore, South Korea, Malaysia, and Thailand are experiencing a rise in the number of application for WPCs in the real estate and infrastructure sectors on account of the growing tourism. The automotive component applications are expected to exhibit a substantial growth in the APAC region during the forecast period.
COMPETITIVE INSIGHTS
Companies like Advanced Environmental Recycling Technologies Inc. (AERT), Tamko Building Products Inc, Trex Company Inc, Fiberon Llc, Universal Forest Products Inc, Axion International Inc, Timbertech, Polymera Inc, Polypank Ab, FKuR Kunststoff Certainteed and Beologic N.V are dealing in the Wood Platic composite market.
The Asia-Pacific wood plastic composite market accounted for $1117.9 million in 2017. By the end of the forecast period of 2018-2026, the market is anticipated to collect $3702.4 million, by exhibiting a CAGR of 14.19%.
MARKET INSIGHTS
The Indian WPC market is slated to evolve with the highest CAGR over the forecast period. The wood-plastic composites market is growing at a minimum of 10 percent a year in Japan. China WPC market was a leader in terms of revenue generation in 2017. The rest of Asia Pacific market, which includes countries such as Singapore, South Korea, Malaysia, and Thailand are experiencing a rise in the number of application for WPCs in the real estate and infrastructure sectors on account of the growing tourism. The automotive component applications are expected to exhibit a substantial growth in the APAC region during the forecast period.
COMPETITIVE INSIGHTS
Companies like Advanced Environmental Recycling Technologies Inc. (AERT), Tamko Building Products Inc, Trex Company Inc, Fiberon Llc, Universal Forest Products Inc, Axion International Inc, Timbertech, Polymera Inc, Polypank Ab, FKuR Kunststoff Certainteed and Beologic N.V are dealing in the Wood Platic composite market.
1. RESEARCH SCOPE
1.1. STUDY GOALS
1.2. SCOPE OF THE MARKET STUDY
1.3. WHO WILL FIND THIS REPORT USEFUL?
1.4. STUDY AND FORECASTING YEARS
2. RESEARCH METHODOLOGY
2.1. SOURCES OF DATA
2.1.1. SECONDARY DATA
2.1.2. PRIMARY DATA
2.2. TOP DOWN APPROACH
2.3. BOTTOM-UP APPROACH
2.4. DATA TRIANGULATION
3. EXECUTIVE SUMMARY
3.1. MARKET SUMMARY
3.2. KEY FINDINGS
3.2.1. WOOD-PLASTIC COMPOSITES ARE INCREASINGLY USED IN NON-STRUCTURAL AREAS
3.2.2. RISE IN DEMAND FROM DEVELOPING REGIONS
3.2.3. POLYETHYLENE (PE) TYPE HOLDS THE LARGEST MARKET SHARE
3.2.4. BUILDING & CONSTRUCTION PRODUCTS ARE INCREASINGLY USED
4. MARKET DETERMINANTS
4.1. MARKET DRIVERS
4.1.1. GROWING DEMAND FROM BUILDING AND CONSTRUCTION APPLICATIONS
4.1.2. BAN ON THE USE OF ARSENIC TOXINS, CHROMIUM, AND COPPER TOXINS
4.1.3. INCREASING DEMAND FOR RECYCLABLE MATERIALS IN AUTOMOTIVE INDUSTRY
4.1.4. INCREASING DEMAND FOR PVC-CAPPED DECKING PRODUCTS
4.1.5. ENVIRONMENTAL CONCERN
4.2. MARKET RESTRAINTS
4.2.1. LACK OF RIGIDITY AND IMPACT OF HEAVY LOAD
4.2.2. PRODUCT LIMITATIONS IN CERTAIN APPLICATIONS
4.2.3. LACK OF WELL-DEFINED QUALITY STANDARDS
4.3. MARKET OPPORTUNITIES
4.3.1. INCREASING DEMAND FROM EMERGING ECONOMIES
4.3.2. USE OF NEW MANUFACTURING PROCESS
4.3.3. USE OF RECYCLABLE RAW MATERIALS
4.4. MARKET CHALLENGES
4.4.1. REDUCING THE WEIGHT OF WPC PRODUCTS
4.4.2. LEGAL ISSUES
4.4.3. LOW PREFERENCE FOR RECYCLATES IN PRODUCTS
5. MARKET SEGMENTATION
5.1. MARKET BY TYPES 2018-2026
5.1.1. POLYETHYLENE (PE)
5.1.2. POLYVINYLCHLORIDE (PVC)
5.1.3. POLYPROPYLENE (PP)
5.1.4. OTHER TYPES
5.2. MARKET BY APPLICATION 2018-2026
5.2.1. BUILDING & CONSTRUCTION PRODUCTS
5.2.2. AUTOMOTIVE COMPONENTS
5.2.3. INDUSTRIAL & CONSUMER GOODS
5.2.4. OTHER APPLICATIONS
6. KEY ANALYTICAL
6.1. PORTER’S FIVE FORCES ANALYSIS
6.1.1. THREAT OF NEW ENTRANTS
6.1.2. THREAT OF SUBSTITUTE PRODUCTS OR SERVICES
6.1.3. BARGAINING POWER OF BUYERS
6.1.4. BARGAINING POWER OF SUPPLIERS
6.1.5. INTENSITY OF COMPETITIVE RIVALRY
6.2. SUPPLY CHAIN ANALYSIS
6.3. OPPORTUNITY MATRIX
7. GEOGRAPHICAL ANALYSIS
7.1. ASIA-PACIFIC
7.1.1. CHINA
7.1.2. JAPAN
7.1.3. INDIA
7.1.4. REST OF ASIA-PACIFIC
8. COMPANY PROFILES
8.1. COMPETITIVE ANALYSIS
8.1.1. PARTNERSHIPS, AGREEMENTS, AND COLLABORATIONS
8.1.2. NEW PRODUCT LAUNCHES
8.1.3. EXPANSIONS
8.1.4. MERGERS AND ACQUISITIONS
8.2. ADVANCED ENVIRONMENTAL RECYCLING TECHNOLOGIES, INC. (AERT)
8.3. AXION INTERNATIONAL, INC.
8.4. BEOLOGIC N.V.
8.5. CERTAINTEED
8.6. FIBERON, LLC
8.7. FKUR KUNSTSTOFF GMBH
8.8. JOSEF EHRLER GMBH & CO. KG
8.9. POLYMERA, INC.
8.10. POLYPANK AB
8.11. TAMKO BUILDING PRODUCTS, INC.
8.12. TIMBERTECH
8.13. TREX COMPANY, INC.
8.14. UNIVERSAL FOREST PRODUCTS, INC.
TABLE LIST
TABLE 1 ASIA PACIFIC WOOD PLASTIC COMPOSITES MARKET 2018-2026 ($MILLION)
TABLE 2 ASIA PACIFIC WOOD PLASTIC COMPOSITES MARKET, BY TYPE 2018-2026 ($MILLION)
TABLE 3 ASIA PACIFIC WOOD PLASTIC COMPOSITE MARKET IN POLYETHYLENE 2018-2026 ($ MILLION)
TABLE 4 ASIA PACIFIC WOOD PLASTIC COMPOSITE MARKET IN POLYVINYLCHLORIDE 2018-2026 ($ MILLION)
TABLE 5 ASIA PACIFIC WOOD PLASTIC COMPOSITES MARKET IN POLYPROPYLENE 2018-2026 ($MILLION)
TABLE 6 ASIA PACIFIC WOOD PLASTIC COMPOSITE MARKET IN OTHER TYPES 2018-2026 ($ MILLION)
TABLE 7 ASIA PACIFIC WOOD PLASTIC COMPOSITES MARKET BY APPLICATION 2018-2026 ($MILLION)
TABLE 8 ASIA PACIFIC WOOD PLASTIC COMPOSITES MARKET IN BUILDING & CONSTRUCTION PRODUCTS 2018-2026 ($MILLION)
TABLE 9 ASIA PACIFIC WOOD PLASTIC COMPOSITES MARKET IN AUTOMOTIVE COMPONENTS 2018-2026 ($MILLION)
TABLE 10 ASIA PACIFIC WOOD PLASTIC COMPOSITES MARKET IN INDUSTRIAL & CONSUMER GOODS 2018-2026 ($MILLION)
TABLE 11 ASIA PACIFIC WOOD PLASTIC COMPOSITES MARKET IN OTHER APPLICATIONS 2018-2026 ($MILLION)
TABLE 12 ASIA-PACIFIC WOOD PLASTIC COMPOSITES MARKET BY COUNTRY 2018-2026 ($MILLION)
TABLE 13 CHINA WOOD PLASTIC COMPOSITES MARKET BY TYPE 2018-2026 ($MILLION)
TABLE 14 CHINA WOOD PLASTIC COMPOSITES MARKET BY APPLICATION 2018-2026 ($MILLION)
TABLE 15 JAPAN WOOD PLASTIC COMPOSITES MARKET BY TYPE 2018-2026 ($MILLION)
TABLE 16 JAPAN WOOD PLASTIC COMPOSITES MARKET BY APPLICATION 2018-2026 ($MILLION)
TABLE 17 INDIA WOOD PLASTIC COMPOSITES MARKET BY TYPE 2018-2026 ($MILLION)
TABLE 18 INDIA WOOD PLASTIC COMPOSITES MARKET BY APPLICATION 2018-2026 ($MILLION)
TABLE 19 REST OF ASIA-PACIFIC WOOD PLASTIC COMPOSITES MARKET BY TYPE 2018-2026 ($MILLION)
TABLE 20 REST OF ASIA-PACIFIC WOOD PLASTIC COMPOSITES MARKET BY APPLICATION 2018-2026 ($MILLION)
FIGURE LIST
FIGURE 1 ASIA PACIFIC WOOD PLASTIC COMPOSITES MARKET IN POLYETHYLENE 2018-2026 ($MILLION)
FIGURE 2 ASIA PACIFIC WOOD PLASTIC COMPOSITES MARKET IN POLYVINYLCHLORIDE 2018-2026 ($MILLION)
FIGURE 3 ASIA PACIFIC WOOD PLASTIC COMPOSITES MARKET IN POLYPROPYLENE 2018-2026 ($MILLION)
FIGURE 4 ASIA PACIFIC WOOD PLASTIC COMPOSITES MARKET IN OTHER APPLICATIONS 2018-2026 ($MILLION)
FIGURE 5 ASIA PACIFIC WOOD PLASTIC COMPOSITES MARKET IN BUILDING & CONSTRUCTION PRODUCTS 2018-2026 ($MILLION)
FIGURE 6 ASIA PACIFIC WOOD PLASTIC COMPOSITES MARKET IN AUTOMOTIVE COMPONENTS 2018-2026 ($MILLION)
FIGURE 7 ASIA PACIFIC WOOD PLASTIC COMPOSITES MARKET IN INDUSTRIAL & CONSUMER GOODS 2018-2026 ($MILLION)
FIGURE 8 ASIA PACIFIC WOOD PLASTIC COMPOSITES MARKET IN OTHER APPLICATIONS 2018-2026 ($MILLION)
FIGURE 9 ASIA PACIFIC WOOD PLASTIC COMPOSITES MARKET 2018-2026($ MILLION)
FIGURE 10 ASIA-PACIFIC WOOD PLASTIC COMPOSITE MARKET SHARE 2018-2026 ($MILLION)
FIGURE 11 CHINA WOOD PLASTIC COMPOSITES MARKET 2018-2026 ($MILLION)
FIGURE 12 JAPAN WOOD PLASTIC COMPOSITES MARKET 2018-2026 ($MILLION)
FIGURE 13 INDIA WOOD PLASTIC COMPOSITES MARKET 2018-2026 ($MILLION)
FIGURE 14 REST OF ASIA-PACIFIC WOOD PLASTIC COMPOSITES MARKET 2018-2026 ($MILLION)
COMPANIES MENTIONED
2. ADVANCED ENVIRONMENTAL RECYCLING TECHNOLOGIES, INC. (AERT)
3. AXION INTERNATIONAL, INC.
4. BEOLOGIC N.V.
5. CERTAINTEED
6. FIBERON, LLC
7. FKUR KUNSTSTOFF GMBH
8. JOSEF EHRLER GMBH & CO. KG
9. POLYMERA, INC.
10. POLYPANK AB
11. TAMKO BUILDING PRODUCTS, INC.
12. TIMBERTECH
13. TREX COMPANY, INC.
14. UNIVERSAL FOREST PRODUCTS, INC.
1.1. STUDY GOALS
1.2. SCOPE OF THE MARKET STUDY
1.3. WHO WILL FIND THIS REPORT USEFUL?
1.4. STUDY AND FORECASTING YEARS
2. RESEARCH METHODOLOGY
2.1. SOURCES OF DATA
2.1.1. SECONDARY DATA
2.1.2. PRIMARY DATA
2.2. TOP DOWN APPROACH
2.3. BOTTOM-UP APPROACH
2.4. DATA TRIANGULATION
3. EXECUTIVE SUMMARY
3.1. MARKET SUMMARY
3.2. KEY FINDINGS
3.2.1. WOOD-PLASTIC COMPOSITES ARE INCREASINGLY USED IN NON-STRUCTURAL AREAS
3.2.2. RISE IN DEMAND FROM DEVELOPING REGIONS
3.2.3. POLYETHYLENE (PE) TYPE HOLDS THE LARGEST MARKET SHARE
3.2.4. BUILDING & CONSTRUCTION PRODUCTS ARE INCREASINGLY USED
4. MARKET DETERMINANTS
4.1. MARKET DRIVERS
4.1.1. GROWING DEMAND FROM BUILDING AND CONSTRUCTION APPLICATIONS
4.1.2. BAN ON THE USE OF ARSENIC TOXINS, CHROMIUM, AND COPPER TOXINS
4.1.3. INCREASING DEMAND FOR RECYCLABLE MATERIALS IN AUTOMOTIVE INDUSTRY
4.1.4. INCREASING DEMAND FOR PVC-CAPPED DECKING PRODUCTS
4.1.5. ENVIRONMENTAL CONCERN
4.2. MARKET RESTRAINTS
4.2.1. LACK OF RIGIDITY AND IMPACT OF HEAVY LOAD
4.2.2. PRODUCT LIMITATIONS IN CERTAIN APPLICATIONS
4.2.3. LACK OF WELL-DEFINED QUALITY STANDARDS
4.3. MARKET OPPORTUNITIES
4.3.1. INCREASING DEMAND FROM EMERGING ECONOMIES
4.3.2. USE OF NEW MANUFACTURING PROCESS
4.3.3. USE OF RECYCLABLE RAW MATERIALS
4.4. MARKET CHALLENGES
4.4.1. REDUCING THE WEIGHT OF WPC PRODUCTS
4.4.2. LEGAL ISSUES
4.4.3. LOW PREFERENCE FOR RECYCLATES IN PRODUCTS
5. MARKET SEGMENTATION
5.1. MARKET BY TYPES 2018-2026
5.1.1. POLYETHYLENE (PE)
5.1.2. POLYVINYLCHLORIDE (PVC)
5.1.3. POLYPROPYLENE (PP)
5.1.4. OTHER TYPES
5.2. MARKET BY APPLICATION 2018-2026
5.2.1. BUILDING & CONSTRUCTION PRODUCTS
5.2.2. AUTOMOTIVE COMPONENTS
5.2.3. INDUSTRIAL & CONSUMER GOODS
5.2.4. OTHER APPLICATIONS
6. KEY ANALYTICAL
6.1. PORTER’S FIVE FORCES ANALYSIS
6.1.1. THREAT OF NEW ENTRANTS
6.1.2. THREAT OF SUBSTITUTE PRODUCTS OR SERVICES
6.1.3. BARGAINING POWER OF BUYERS
6.1.4. BARGAINING POWER OF SUPPLIERS
6.1.5. INTENSITY OF COMPETITIVE RIVALRY
6.2. SUPPLY CHAIN ANALYSIS
6.3. OPPORTUNITY MATRIX
7. GEOGRAPHICAL ANALYSIS
7.1. ASIA-PACIFIC
7.1.1. CHINA
7.1.2. JAPAN
7.1.3. INDIA
7.1.4. REST OF ASIA-PACIFIC
8. COMPANY PROFILES
8.1. COMPETITIVE ANALYSIS
8.1.1. PARTNERSHIPS, AGREEMENTS, AND COLLABORATIONS
8.1.2. NEW PRODUCT LAUNCHES
8.1.3. EXPANSIONS
8.1.4. MERGERS AND ACQUISITIONS
8.2. ADVANCED ENVIRONMENTAL RECYCLING TECHNOLOGIES, INC. (AERT)
8.3. AXION INTERNATIONAL, INC.
8.4. BEOLOGIC N.V.
8.5. CERTAINTEED
8.6. FIBERON, LLC
8.7. FKUR KUNSTSTOFF GMBH
8.8. JOSEF EHRLER GMBH & CO. KG
8.9. POLYMERA, INC.
8.10. POLYPANK AB
8.11. TAMKO BUILDING PRODUCTS, INC.
8.12. TIMBERTECH
8.13. TREX COMPANY, INC.
8.14. UNIVERSAL FOREST PRODUCTS, INC.
TABLE LIST
TABLE 1 ASIA PACIFIC WOOD PLASTIC COMPOSITES MARKET 2018-2026 ($MILLION)
TABLE 2 ASIA PACIFIC WOOD PLASTIC COMPOSITES MARKET, BY TYPE 2018-2026 ($MILLION)
TABLE 3 ASIA PACIFIC WOOD PLASTIC COMPOSITE MARKET IN POLYETHYLENE 2018-2026 ($ MILLION)
TABLE 4 ASIA PACIFIC WOOD PLASTIC COMPOSITE MARKET IN POLYVINYLCHLORIDE 2018-2026 ($ MILLION)
TABLE 5 ASIA PACIFIC WOOD PLASTIC COMPOSITES MARKET IN POLYPROPYLENE 2018-2026 ($MILLION)
TABLE 6 ASIA PACIFIC WOOD PLASTIC COMPOSITE MARKET IN OTHER TYPES 2018-2026 ($ MILLION)
TABLE 7 ASIA PACIFIC WOOD PLASTIC COMPOSITES MARKET BY APPLICATION 2018-2026 ($MILLION)
TABLE 8 ASIA PACIFIC WOOD PLASTIC COMPOSITES MARKET IN BUILDING & CONSTRUCTION PRODUCTS 2018-2026 ($MILLION)
TABLE 9 ASIA PACIFIC WOOD PLASTIC COMPOSITES MARKET IN AUTOMOTIVE COMPONENTS 2018-2026 ($MILLION)
TABLE 10 ASIA PACIFIC WOOD PLASTIC COMPOSITES MARKET IN INDUSTRIAL & CONSUMER GOODS 2018-2026 ($MILLION)
TABLE 11 ASIA PACIFIC WOOD PLASTIC COMPOSITES MARKET IN OTHER APPLICATIONS 2018-2026 ($MILLION)
TABLE 12 ASIA-PACIFIC WOOD PLASTIC COMPOSITES MARKET BY COUNTRY 2018-2026 ($MILLION)
TABLE 13 CHINA WOOD PLASTIC COMPOSITES MARKET BY TYPE 2018-2026 ($MILLION)
TABLE 14 CHINA WOOD PLASTIC COMPOSITES MARKET BY APPLICATION 2018-2026 ($MILLION)
TABLE 15 JAPAN WOOD PLASTIC COMPOSITES MARKET BY TYPE 2018-2026 ($MILLION)
TABLE 16 JAPAN WOOD PLASTIC COMPOSITES MARKET BY APPLICATION 2018-2026 ($MILLION)
TABLE 17 INDIA WOOD PLASTIC COMPOSITES MARKET BY TYPE 2018-2026 ($MILLION)
TABLE 18 INDIA WOOD PLASTIC COMPOSITES MARKET BY APPLICATION 2018-2026 ($MILLION)
TABLE 19 REST OF ASIA-PACIFIC WOOD PLASTIC COMPOSITES MARKET BY TYPE 2018-2026 ($MILLION)
TABLE 20 REST OF ASIA-PACIFIC WOOD PLASTIC COMPOSITES MARKET BY APPLICATION 2018-2026 ($MILLION)
FIGURE LIST
FIGURE 1 ASIA PACIFIC WOOD PLASTIC COMPOSITES MARKET IN POLYETHYLENE 2018-2026 ($MILLION)
FIGURE 2 ASIA PACIFIC WOOD PLASTIC COMPOSITES MARKET IN POLYVINYLCHLORIDE 2018-2026 ($MILLION)
FIGURE 3 ASIA PACIFIC WOOD PLASTIC COMPOSITES MARKET IN POLYPROPYLENE 2018-2026 ($MILLION)
FIGURE 4 ASIA PACIFIC WOOD PLASTIC COMPOSITES MARKET IN OTHER APPLICATIONS 2018-2026 ($MILLION)
FIGURE 5 ASIA PACIFIC WOOD PLASTIC COMPOSITES MARKET IN BUILDING & CONSTRUCTION PRODUCTS 2018-2026 ($MILLION)
FIGURE 6 ASIA PACIFIC WOOD PLASTIC COMPOSITES MARKET IN AUTOMOTIVE COMPONENTS 2018-2026 ($MILLION)
FIGURE 7 ASIA PACIFIC WOOD PLASTIC COMPOSITES MARKET IN INDUSTRIAL & CONSUMER GOODS 2018-2026 ($MILLION)
FIGURE 8 ASIA PACIFIC WOOD PLASTIC COMPOSITES MARKET IN OTHER APPLICATIONS 2018-2026 ($MILLION)
FIGURE 9 ASIA PACIFIC WOOD PLASTIC COMPOSITES MARKET 2018-2026($ MILLION)
FIGURE 10 ASIA-PACIFIC WOOD PLASTIC COMPOSITE MARKET SHARE 2018-2026 ($MILLION)
FIGURE 11 CHINA WOOD PLASTIC COMPOSITES MARKET 2018-2026 ($MILLION)
FIGURE 12 JAPAN WOOD PLASTIC COMPOSITES MARKET 2018-2026 ($MILLION)
FIGURE 13 INDIA WOOD PLASTIC COMPOSITES MARKET 2018-2026 ($MILLION)
FIGURE 14 REST OF ASIA-PACIFIC WOOD PLASTIC COMPOSITES MARKET 2018-2026 ($MILLION)
COMPANIES MENTIONED
2. ADVANCED ENVIRONMENTAL RECYCLING TECHNOLOGIES, INC. (AERT)
3. AXION INTERNATIONAL, INC.
4. BEOLOGIC N.V.
5. CERTAINTEED
6. FIBERON, LLC
7. FKUR KUNSTSTOFF GMBH
8. JOSEF EHRLER GMBH & CO. KG
9. POLYMERA, INC.
10. POLYPANK AB
11. TAMKO BUILDING PRODUCTS, INC.
12. TIMBERTECH
13. TREX COMPANY, INC.
14. UNIVERSAL FOREST PRODUCTS, INC.
