Argentina Wood Plastic Composites Market Size & Outlook
Argentina wood plastic composites market, 2018-2030 (US$M)
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Argentina wood plastic composites market highlights
- An overview of the Argentina wood plastic composites market trends heading towards 2030. The market in Argentina generated a revenue of USD 29.7 million in 2021 and is expected to reach USD 77.5 million by 2030.
- The overall growth of the Argentina market from 2021 to 2030. The Argentina market is expected to grow at a CAGR of 11.2% from 2022 to 2030.
- A look at the Argentina 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 29.7 million |
| Market revenue in 2030 | USD 77.5 million |
| Growth rate | 11.2% (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, Argentina accounted for 0.5% 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 Latin America, Brazil wood plastic composites market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 129.4 million by 2030.
Polyethylene was the largest segment with a revenue share of 65.32% in 2021. Horizon Databook has segmented the Argentina wood plastic composites market based on polyethylene, polypropylene, polyvinylchloride covering the revenue growth of each sub-segment from 2018 to 2030.
The nation’s prominent position in the global consumer goods market is likely to provide stable demand for wood plastic composite products over the forecast period.
The consumer goods market of the country witnessed growth in the export market with most of the exports to Arabic markets. The evolution of e-commerce in the country is expected to further accelerate the growth of the consumer goods sector and thereby increase the demand for wood plastic composites over the forecast period.
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Wood Plastic Composites Market Scope
Wood Plastic Composites Market Companies
| Name | Profile | # Employees | HQ | Website |
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Argentina Wood Plastic Composites Market Outlook Share, 2021 & 2030 (US$M)
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