Chile Wood Plastic Composites Market Size & Outlook
Chile wood plastic composites market, 2018-2030 (US$M)
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Chile wood plastic composites market highlights
- An overview of the Chile wood plastic composites market trends heading towards 2030. The market in Chile generated a revenue of USD 17.6 million in 2021 and is expected to reach USD 44.5 million by 2030.
- The overall growth of the Chile market from 2021 to 2030. The Chile market is expected to grow at a CAGR of 10.8% from 2022 to 2030.
- A look at the Chile 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 17.6 million |
| Market revenue in 2030 | USD 44.5 million |
| Growth rate | 10.8% (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, Chile accounted for 0.3% 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 65.34% in 2021. Horizon Databook has segmented the Chile wood plastic composites market based on polyethylene, polypropylene, polyvinylchloride covering the revenue growth of each sub-segment from 2018 to 2030.
Rising demand for consumer goods, and the high tourist influx in the country is expected to strengthen hospitality and the building & construction sector in the country. The alleviated growth rate of the wood plastic composite market is on account of the emerging manufacturing sector and the over-dependence of the same on imports.
The regional government is, however, taking steps to mitigate this gap and initiate domestic manufacturing of wood plastic composite and industrial products, which will thus have a positive impact on the country’s economy.
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Wood Plastic Composites Market Scope
Wood Plastic Composites Market Companies
| Name | Profile | # Employees | HQ | Website |
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Chile Wood Plastic Composites Market Outlook Share, 2021 & 2030 (US$M)
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