Asia Pacific Plastic Lumber Market, By Product Type, By Application, By Resin Type, By Country - Industry Analysis, Market Size, Market Share & Forecast from 2024-2032
REPORT HIGHLIGHT
Asia Pacific Plastic Lumber Market size was valued at USD XX Million in 2023, expanding at a CAGR of 11.90% from 2024 to 2032.
Plastic lumber, also known as composite lumber, plastic wood, or synthetic wood, is a manufactured building material designed to replicate the look and feel of natural wood. Typically crafted from recycled plastics such as polypropylene (PP), it undergoes a blending process with various additives like colorants, UV stabilizers, and sometimes natural fibers such as wood, rice husks, or bamboo. The composition of plastic lumber greatly impacts its performance characteristics.
Asia Pacific Plastic Lumber Market- Market Dynamics
Increasing expenditure on the construction sector to propel market demand
The plastic lumber market is witnessing an expansion into diverse applications and industries beyond its traditional use in construction and landscaping. It now finds utility in marine infrastructure, outdoor furniture, industrial pallets, transportation infrastructure, and recreational products. With ongoing advancements in material technology and product innovation, the potential applications for plastic lumber are expected to broaden further, presenting opportunities in emerging markets and industries. Offering notable long-term economic advantages, plastic lumber is highly durable and resistant to rot, decay, insects, and weathering, reducing the need for frequent maintenance, repairs, and replacements. This durability translates into substantial cost savings for homeowners, businesses, and municipalities over time, making it a financially prudent investment. The increasing expenditure on India\'s construction sector is a significant driver for the market, spurred by the rising demand for sustainable building materials. Projections indicate that by 2030, approximately 600 million people will inhabit urban centers in India, necessitating 25 million additional mid-end and affordable housing units. Notably, the construction development sector in India attracted $32 billion in foreign direct investment from April 2000 to September 2023, positioning the country as one of the top recipients of FDI. With the Indian construction industry recording a robust growth rate of 15.7% in 2022, reaching $738.5 billion in value terms, the expansion of the region\'s construction sector serves as a significant catalyst for the market\'s growth.
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
ASIA PACIFIC PLASTIC LUMBER MARKET KEY PLAYERS- DETAILED COMPETITIVE INSIGHT
Trex Company, Inc.
American Recycled Plastic, Inc.
Tangent Technologies, LLC
KWK Plastic Lumber Co., Ltd.
Repeat Plastics Australia Pty Ltd. (Recycle technology (Aust.) Pty Ltd.)
Ecoville
CMI Limited Co. (Capital Partners)
PlasTEAK, Inc
Others
ASIA PACIFIC PLASTIC LUMBER MARKET, BY PRODUCT TYPE - MARKET ANALYSIS, 2019 - 2032
Virgin Plastic
Recycled Plastic
Composite
ASIA PACIFIC PLASTIC LUMBER MARKET, BY APPLICATION- MARKET ANALYSIS, 2019 - 2032
Decking
Molding Trim
Landscaping Outdoor Products
Fencing
Windows Doors
Others
ASIA PACIFIC PLASTIC LUMBER MARKET, BY RESIN TYPE - MARKET ANALYSIS, 2019 - 2032
Polyethylene
Polyvinyl Chloride
Polystyrene
Others
ASIA PACIFIC PLASTIC LUMBER MARKET, BY COUNTRY- MARKET ANALYSIS, 2019 - 2032
India
China
South Korea
Japan
Australia
Thailand
Indonesia
Philippines
Rest of APAC
TABLE OF CONTENT
1. Asia Pacific Plastic Lumber Market Overview
1.1. Study Scope
1.2. Market Estimation Years
2. Executive Summary
2.1. Market Snippet
2.1.1. Asia Pacific Plastic Lumber Market Snippet by Product type
2.1.2. Asia Pacific Plastic Lumber Market Snippet by Application
2.1.3. Asia Pacific Plastic Lumber Market Snippet by Resin Type
2.1.4. Asia Pacific Plastic Lumber Market Snippet by Country
2.2. Competitive Insights
3. Asia Pacific Plastic Lumber Key Market Trends
3.1. Asia Pacific Plastic Lumber Market Drivers
3.1.1. Impact Analysis of Market Drivers
3.2. Asia Pacific Plastic Lumber Market Restraints
3.2.1. Impact Analysis of Market Restraints
3.3. Asia Pacific Plastic Lumber Market Opportunities
3.4. Asia Pacific Plastic Lumber Market Future Trends
4. Asia Pacific Plastic Lumber Industry Study
4.1. PEST Analysis
4.2. Porter’s Five Forces Analysis
4.3. Growth Prospect Mapping
4.4. Regulatory Framework Analysis
5. Asia Pacific Plastic Lumber Market: COVID-19 Impact Analysis
5.1. Pre-COVID-19 Impact Analysis
5.2. Post-COVID-19 Impact Analysis
5.2.1. Top Performing Segments
5.2.2. Marginal Growth Segments
5.2.3. Top Looser Segments
5.2.4. Marginal Loss Segments
6. Asia Pacific Plastic Lumber Market Landscape
6.1. Asia Pacific Plastic Lumber Market Share Analysis, 2023
6.2. Breakdown Data, by Key Manufacturer
6.2.1. Established Players’ Analysis
6.2.2. Emerging Players’ Analysis
7. Asia Pacific Plastic Lumber Market – By Product type
7.1. Overview
7.1.1. Segment Share Analysis, By Product type, 2023 & 2032 (%)
7.1.2. Virgin Plastic
7.1.3. Recycled Plastic
7.1.4. Composite
8. Asia Pacific Plastic Lumber Market – By Application
8.1. Overview
8.1.1. Segment Share Analysis, By Application, 2023 & 2032 (%)
8.1.2. Decking
8.1.3. Molding Trim
8.1.4. Landscaping Outdoor Products
8.1.5. Fencing
8.1.6. Windows Doors
8.1.7. Others
9. Asia Pacific Plastic Lumber Market – By Resin Type
9.1. Overview
9.1.1. Segment Share Analysis, By Resin Type, 2023 & 2032 (%)
9.1.2. Polyethylene
9.1.3. Polyvinyl Chloride
9.1.4. Polystyrene
9.1.5. Others
10. Asia Pacific Plastic Lumber Market– By Geography
10.1. Introduction
10.1.1. Segment Share Analysis, By Geography, 2023 & 2032 (%)
10.2. Asia Pacific (APAC)
10.2.1. Overview
10.2.2. Asia Pacific Plastic Lumber Key Manufacturers in Asia Pacific
10.2.3. Asia Pacific Market Size and Forecast, By Country, 2019 - 2032 (US$ Million)
10.2.4. Asia Pacific Market Size and Forecast, By Product type, 2019 - 2032 (US$ Million)
10.2.5. Asia Pacific Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
10.2.6. Asia Pacific Market Size and Forecast, By Resin Type, 2019 - 2032 (US$ Million)
10.2.7. India
10.2.7.1. Overview
10.2.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
10.2.7.3. India Market Size and Forecast, By Product type, 2019 - 2032 (US$ Million)
10.2.7.4. India Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
10.2.7.5. India Market Size and Forecast, By Resin Type, 2019 - 2032 (US$ Million)
10.2.8. China
10.2.8.1. Overview
10.2.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
10.2.8.3. China Market Size and Forecast, By Product type, 2019 - 2032 (US$ Million)
10.2.8.4. China Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
10.2.8.5. China Market Size and Forecast, By Resin Type, 2019 - 2032 (US$ Million)
10.2.9. Japan
10.2.9.1. Overview
10.2.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
10.2.9.3. Japan Market Size and Forecast, By Product type, 2019 - 2032 (US$ Million)
10.2.9.4. Japan Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
10.2.9.5. Japan Market Size and Forecast, By Resin Type, 2019 - 2032 (US$ Million)
10.2.10. South Korea
10.2.10.1. Overview
10.2.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
10.2.10.3. South Korea Market Size and Forecast, By Product type, 2019 - 2032 (US$ Million)
10.2.10.4. South Korea Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
10.2.10.5. South Korea Market Size and Forecast, By Resin Type, 2019 - 2032 (US$ Million)
10.2.11. Australia
10.2.11.1. Overview
10.2.11.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
10.2.11.3. Australia Market Size and Forecast, By Product type, 2019 - 2032 (US$ Million)
10.2.11.4. Australia Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
10.2.11.5. Australia Market Size and Forecast, By Resin Type, 2019 - 2032 (US$ Million)
10.2.12. Thailand
10.2.12.1. Overview
10.2.12.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
10.2.12.3. Thailand Market Size and Forecast, By Product type, 2019 - 2032 (US$ Million)
10.2.12.4. Thailand Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
10.2.12.5. Thailand Market Size and Forecast, By Resin Type, 2019 - 2032 (US$ Million)
10.2.13. Indonesia
10.2.13.1. Overview
10.2.13.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
10.2.13.3. Indonesia Market Size and Forecast, By Product type, 2019 - 2032 (US$ Million)
10.2.13.4. Indonesia Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
10.2.13.5. Indonesia Market Size and Forecast, By Resin Type, 2019 - 2032 (US$ Million)
10.2.14. Philippines
10.2.14.1. Overview
10.2.14.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
10.2.14.3. Philippines Market Size and Forecast, By Product type, 2019 - 2032 (US$ Million)
10.2.14.4. Philippines Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
10.2.14.5. Philippines Market Size and Forecast, By Resin Type, 2019 - 2032 (US$ Million)
10.2.15. Rest of APAC
10.2.15.1. Overview
10.2.15.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
10.2.15.3. Rest of APAC Market Size and Forecast, By Product type, 2019 - 2032 (US$ Million)
10.2.15.4. Rest of APAC Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
10.2.15.5. Rest of APAC Market Size and Forecast, By Resin Type, 2019 - 2032 (US$ Million)
11. Key Vendor Analysis- Asia Pacific Plastic Lumber Industry
11.1. Competitive Dashboard
11.2. Company Profiles
11.2.1. Trex Company, Inc.
11.2.2. American Recycled Plastic, Inc.
11.2.3. Tangent Technologies, LLC
11.2.4. KWK Plastic Lumber Co., Ltd.
11.2.5. Repeat Plastics Australia Pty Ltd. (Recycle technology (Aust.) Pty Ltd.)
11.2.6. Ecoville
11.2.7. CMI Limited Co. (Capital Partners)
11.2.8. PlasTEAK, Inc
11.2.9. Others
12. 360 Degree Analyst View
13. Appendix
13.1. Research Methodology
13.2. References
13.3. Abbreviations
13.4. Disclaimer
13.5. Contact Us
