Latin America Wood Plastic Composites Market Size & Outlook
Latin America wood plastic composites market, 2018-2030 (US$M)
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Latin America wood plastic composites market highlights
- An overview of the Latin America wood plastic composites market trends heading towards 2030. The Latin America market generated a revenue of USD 148.2 million in 2021.
- The overall growth of the Latin America market from 2021 to 2030. The market is expected to grow at a CAGR of 11.1% from 2022 to 2030.
- A look at the Latin America 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.
- An overview of Latin America market per country. Country-wise, Brazil is expected to register the highest CAGR from 2022 to 2030.
Latin America data book summary
| Market revenue in 2021 | USD 148.2 million |
| Market revenue in 2030 | USD 382.0 million |
| Growth rate | 11.1% (CAGR from 2021 to 2030) |
| Largest segment | Polyethylene |
| Fastest growing segment | Polypropylene |
| Historical data covered | 2018 - 2020 |
| Base year for estimation | 2021 |
| Forecast period covered | 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, Latin America region accounted for 2.6% of the global wood plastic composites market in 2021.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 4,931.8 million by 2030.
Polyethylene was the largest segment with a revenue share of 65.32% in 2021. Horizon Databook has segmented the Latin America wood plastic composites market based on polyethylene, polypropylene, polyvinylchloride covering the revenue growth of each sub-segment from 2018 to 2030.
Rapid end-use industry growth including automotive, consumer goods, and construction in the emerging economies including Brazil, Argentina, and Chile is expected to propel demand for wood plastics composites in the region.
Rise in use of WPC products in automotive components, furniture’s, and construction materials is expected to drive the market demand. In addition, the increase in demand for wood plastic composite in manufacturing decking, fencing, and railing is expected to have a positive impact on the market growth.
Public–private initiatives taken by governments in the region have paved the way for foreign investment in the construction industry in the region. Several governments have focused on addressing housing shortages, improving transport, and providing infrastructure to boost tourism, which has contributed favorably to the growth of the construction sector.
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Wood Plastic Composites Market Scope
Wood Plastic Composites Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America Wood Plastic Composites Market Outlook Share, 2021 & 2030 (US$M)
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