Japan Wood Plastic Composites Market Size & Outlook
Japan wood plastic composites market, 2018-2030 (US$M)
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Japan wood plastic composites market highlights
- An overview of the Japan wood plastic composites market trends heading towards 2030. The market in Japan generated a revenue of USD 174.2 million in 2021 and is expected to reach USD 499.1 million by 2030.
- The overall growth of the Japan market from 2021 to 2030. The Japan market is expected to grow at a CAGR of 12.4% from 2022 to 2030.
- A look at the Japan market revenues per segment in 2021. In terms of segment, polyethylene was the largest revenue generating product in 2021.
- The segment witnessing the fastest revenue growth within the market. Polypropylene is the most lucrative product segment registering the fastest growth during the forecast period.
Wood plastic composites market data book summary
| Market revenue in 2021 | USD 174.2 million |
| Market revenue in 2030 | USD 499.1 million |
| Growth rate | 12.4% (CAGR from 2021 to 2030) |
| Largest segment | Polyethylene |
| Fastest growing segment | Polypropylene |
| Historical data | 2018 - 2020 |
| Base year | 2021 |
| Forecast period | 2022 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Polyethylene, Polypropylene, Polyvinylchloride |
| Key market players worldwide | Compagnie de Saint-Gobain SA, Fortune Brands Innovations Inc, FKuR, JM Holdings Co Ltd, TAMKO Building Products, Trex Co Inc, UFP Industries Inc, Advanced Environmental Recycling Technologies, Beologic, Polyplank, Timber Tech |
Other key industry trends
- In terms of revenue, Japan accounted for 3.0% of the global wood plastic composites market in 2021.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China wood plastic composites market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 867.4 million by 2030.
Polyethylene was the largest segment with a revenue share of 65.96% in 2021. Horizon Databook has segmented the Japan wood plastic composites market based on polyethylene, polypropylene, polyvinylchloride covering the revenue growth of each sub-segment from 2018 to 2030.
The wood plastic composite market in Japan is expected to witness a significant growth over the forecast period owing to the increasing product demand in automotive components and industrial & consumer goods application segment.
In addition, frequent construction and building renovation activities being done to curb the loss caused by earthquakes and tsunami is further expected to increase the demand for WPC products over the forecast period.
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Wood Plastic Composites Market Scope
Wood Plastic Composites Market Companies
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Japan Wood Plastic Composites Market Outlook Share, 2021 & 2030 (US$M)
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