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Wood-plastic composite materials to promote the growth of the plastics industry

  • Category:Industry news
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  • Release time:2015-01-07
  • Pageviews:0

[Summary]
Another industry that has benefited from rising production costs in China is the PVC wood-plastic composite (WPC) industry. The report by Austria-based Asta Eder Composites Consulting predicts that Southeast Asia's fledgling WPC industry will grow by 10% a year to produce 55,000 tonnes by 2015.

Southeast Asia's production capacity is relatively small compared to China's production capacity of 1 million tons, although its share of exports is larger than China's. From 2008 to 2011, WPC production in Southeast Asia increased to 34,000 tons, so further growth opportunities are expected. The Asian WPC industry mainly focuses on door and window frames, interior siding, side panels and pallets, while in the United States WPC is used for laying panels. Despite ASEAN's diverse economies, for example, from Singapore, which has one of the highest GDP per capita in the world, to Malaysia, which has a much lower income, markets are expected to converge by 2015. Structural innovations, new technologies, high-quality products and services, and innovative processes will enhance the strength of the plastics and rubber industry in the region.

With rising production costs and declining competitiveness in China, the ASEAN Economic Community will bring new investment opportunities to the plastics and rubber industry. The rise of automotive, packaging, medical and bioplastics in ASEAN has injected new impetus into the global rubber and plastic industry.

Wood-plastic composite materials to promote the growth of the plastics industry

[Summary]
Another industry that has benefited from rising production costs in China is the PVC wood-plastic composite (WPC) industry. The report by Austria-based Asta Eder Composites Consulting predicts that Southeast Asia's fledgling WPC industry will grow by 10% a year to produce 55,000 tonnes by 2015.

Southeast Asia's production capacity is relatively small compared to China's production capacity of 1 million tons, although its share of exports is larger than China's. From 2008 to 2011, WPC production in Southeast Asia increased to 34,000 tons, so further growth opportunities are expected. The Asian WPC industry mainly focuses on door and window frames, interior siding, side panels and pallets, while in the United States WPC is used for laying panels. Despite ASEAN's diverse economies, for example, from Singapore, which has one of the highest GDP per capita in the world, to Malaysia, which has a much lower income, markets are expected to converge by 2015. Structural innovations, new technologies, high-quality products and services, and innovative processes will enhance the strength of the plastics and rubber industry in the region.

With rising production costs and declining competitiveness in China, the ASEAN Economic Community will bring new investment opportunities to the plastics and rubber industry. The rise of automotive, packaging, medical and bioplastics in ASEAN has injected new impetus into the global rubber and plastic industry.

  • Category:Industry news
  • Author:
  • Source:
  • Release time:2015-01-07
  • Pageviews:0
Details

Another industry that has benefited from rising production costs in China is the PVC wood-plastic composite (WPC) industry. The report by Austria-based Asta Eder Composites Consulting predicts that Southeast Asia's fledgling WPC industry will grow by 10% a year to produce 55,000 tonnes by 2015.

Southeast Asia's production capacity is relatively small compared to China's production capacity of 1 million tons, although its share of exports is larger than China's. From 2008 to 2011, WPC production in Southeast Asia increased to 34,000 tons, so further growth opportunities are expected. The Asian WPC industry mainly focuses on door and window frames, interior siding, side panels and pallets, while in the United States WPC is used for laying panels. Despite ASEAN's diverse economies, for example, from Singapore, which has one of the highest GDP per capita in the world, to Malaysia, which has a much lower income, markets are expected to converge by 2015. Structural innovations, new technologies, high-quality products and services, and innovative processes will enhance the strength of the plastics and rubber industry in the region.

With rising production costs and declining competitiveness in China, the ASEAN Economic Community will bring new investment opportunities to the plastics and rubber industry. The rise of automotive, packaging, medical and bioplastics in ASEAN has injected new impetus into the global rubber and plastic industry.

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