Brazil Wood Plastic Composites Market Size & Outlook
Brazil wood plastic composites market, 2018-2030 (US$M)
Related Markets
Brazil wood plastic composites market highlights
- An overview of the Brazil wood plastic composites market trends heading towards 2030. The market in Brazil generated a revenue of USD 48.7 million in 2021 and is expected to reach USD 129.4 million by 2030.
- The overall growth of the Brazil market from 2021 to 2030. The Brazil market is expected to grow at a CAGR of 11.5% from 2022 to 2030.
- A look at the Brazil 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 48.7 million |
| Market revenue in 2030 | USD 129.4 million |
| Growth rate | 11.5% (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, Brazil accounted for 0.8% 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 65.3% in 2021. Horizon Databook has segmented the Brazil wood plastic composites market based on polyethylene, polypropylene, polyvinylchloride covering the revenue growth of each sub-segment from 2018 to 2030.
Rising construction projects due to increasing demand from the bolstering population coupled with the government initiatives to promote manufacture and use of bioplastic and biodegradable materials is expected to benefit the wood plastic composite market over the forecast period.
The organization encourages the setting up of sustainable businesses. The regional government is also taking steps such as providing funds and easing the regulations pertaining to manufacturing of sustainable products in order to ensure a clean energy future for the country.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Wood Plastic Composites Market Scope
Wood Plastic Composites Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Brazil Wood Plastic Composites Market Outlook Share, 2021 & 2030 (US$M)
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
