Latin America Wood Based Panel Market Size & Outlook
Latin America wood based panel market, 2016-2027 (US$M)
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Latin America wood based panel market highlights
- The Latin America wood based panel market generated a revenue of USD 4,855.4 million in 2019.
- The market is expected to grow at a CAGR of 4.6% from 2020 to 2027.
- In terms of segment, medium density fiberboard (mdf) was the largest revenue generating product in 2019.
- Oriented Strand Board (OSB) is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Argentina is expected to register the highest CAGR from 2020 to 2027.
Latin America data book summary
| Market revenue in 2019 | USD 4,855.4 million |
| Market revenue in 2027 | USD 6,962.6 million |
| Growth rate | 4.6% (CAGR from 2019 to 2027) |
| Largest segment | Medium density fiberboard (mdf) |
| Fastest growing segment | Oriented Strand Board (OSB) |
| Historical data covered | 2016 - 2018 |
| Base year for estimation | 2019 |
| Forecast period covered | 2020 - 2027 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Medium density fiberboard (MDF), High density fiberboard (HDF), Particleboard, Oriented Strand Board (OSB), Softboard, Hardboard, Plywood |
| Key market players worldwide | Dongwha Enterprise, Kronospan, SGS, EGGER Group, Norbord Industries, Kastamonu Entegre, Georgia-Pacific, ARAUCO, Canfor Corp, Pfeiffer Vacuum Technology AG, Sumitomo Corp |
Other key industry trends
- In terms of revenue, Latin America region accounted for 3.4% of the global wood based panel market in 2019.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2027.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 144,538.3 million by 2027.
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Wood Based Panel Market Scope
Wood Based Panel Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America wood based panel market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to wood based panel market will help companies and investors design strategic landscapes.
Medium density fiberboard (mdf) was the largest segment with a revenue share of 31.25% in 2019. Horizon Databook has segmented the Latin America wood based panel market based on medium density fiberboard (mdf), high density fiberboard (hdf), particleboard, oriented strand board (osb), softboard, hardboard, plywood covering the revenue growth of each sub-segment from 2016 to 2027.
In April 2017, the citizens against the regional government carried out large-scale protests. The reducing financial help from the government, the slowed down economic growth, record low approval ratings by the government in power sector, and rising corruption among the government officials have led to an unrest among the citizens.
The government of U.S. has also raised funds to help the regional government provide better amenities to the citizens. High availability of wood products, low cost labor, coupled with the stabilizing economic situation are the factors that are anticipated to positively drive the market growth over the forecast period.
The region of Central & South America is characterized by heavy foreign investments in leading economies such as Brazil, Chile, and Argentina. These foreign investments have led to strong establishment of financial sectors. These financial institutions support the development of various wood product businesses in the region.
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Our clientele includes a mix of wood based panel market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America wood based panel market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America wood based panel market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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Latin America wood based panel market size, by country, 2016-2027 (US$M)
Latin America Wood Based Panel Market Outlook Share, 2019 & 2027 (US$M)
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