Mexico Wood Plastic Composites Market Size & Outlook
Mexico wood plastic composites market, 2018-2030 (US$M)
Related Markets
Mexico wood plastic composites market highlights
- An overview of the Mexico wood plastic composites market trends heading towards 2030. The market in Mexico generated a revenue of USD 166.6 million in 2021 and is expected to reach USD 490.7 million by 2030.
- The overall growth of the Mexico market from 2021 to 2030. The Mexico market is expected to grow at a CAGR of 12.8% from 2022 to 2030.
- A look at the Mexico 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 166.6 million |
| Market revenue in 2030 | USD 490.7 million |
| Growth rate | 12.8% (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, Mexico accounted for 2.9% 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 North America, U.S. wood plastic composites market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 490.7 million by 2030.
Polyethylene was the largest segment with a revenue share of 65.55% in 2021. Horizon Databook has segmented the Mexico wood plastic composites market based on polyethylene, polypropylene, polyvinylchloride covering the revenue growth of each sub-segment from 2018 to 2030.
The regional market of Mexico has been benefited from the increased adoption of wood plastic composites in various application industries including automotive, building & construction, and consumer goods.
Growing demand for wood plastic composites owing to the rising concern for the environment and using recyclable products is expected to drive the WPC market growth 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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Mexico Wood Plastic Composites Market Outlook Share, 2021 & 2030 (US$M)
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