LATIN AMERICA WOOD PLASTIC COMPOSITES MARKET 2020-2028

Chemicals & Materials | Specialty Chemicals

LATIN AMERICA WOOD PLASTIC COMPOSITES MARKET 2020-2028

Market By Type, Application And Geography | Forecast 2020-2028

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An analysis by Triton Market Research on the wood plastic composites market in Latin America depicts that it will exhibit considerable growth, at CAGR of 10.10% and 8.91% with respect to revenue and volume respectively during the estimated period 2020-2028.

The countries reviewed in the Latin American wood plastic composites market are:

           Mexico

           Brazil

           Rest of Latin America



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The automotive manufacturing sector is one of the largest markets in Mexico. In 2005, there were only six large car manufacturers operating in the country, including Ford, Honda, GM,  Nissan, Volkswagen and Chrysler. Currently, these numbers have grown considerably and several other corporations have set up their production centers in Mexico. The presence of these giant players in the automobile sector has made enormous difference in Mexico.

Car exports have been increasingly contributing a considerable share to the total economy of the country over the years. Mexico now ranks fourth in the automobile exporter across the globe. Wood plastic composites find their applications in the manufacturing process of the automobile industry owing to their characteristics like increased durability and eco-friendliness. Hence, the growth in the automobile sector in Mexico will lead to the growth of the wood plastic composites market in the region.

The growing demand for high fuel efficiency in the automotive sector and the constant technological developments in the transportation industry are likely to augment the demand for wood plastic composites in Latin America during the forthcoming years. Besides, the rising demand for the WPC from various end-user application segments is also expected to aid the market growth in Latin America.

Established in 1997, Fiberon is a company that is engaged in manufacturing products out of wood plastic composite materials. The company offers products such as railing, decking and terrace fasteners. The company is headquartered in North Carolina, the US, and has been operating in about 30 countries spread across different regions, including Latin America.

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Table of Content

1.    LATIN AMERICA WOOD PLASTIC COMPOSITES MARKET - SUMMARY

2.    INDUSTRY OUTLOOK

2.1. MARKET DEFINITION

2.2. KEY INSIGHTS

2.2.1.   POLYPROPYLENE IS THE RAPIDLY GROWING WOOD PLASTIC COMPOSITE TYPE IN THE MARKET

2.2.2.   BUILDING & CONSTRUCTION PRODUCTS ARE THE MAJOR USERS OF THE WOOD PLASTIC COMPOSITES

2.2.3.   IMPROVEMENT IN PRODUCTION TECHNIQUE

2.2.4.   ADVANTAGE OF RECYCLABLE RAW MATERIALS

2.3. PORTER’S FIVE FORCE ANALYSIS

2.3.1.   THREAT OF NEW ENTRANTS

2.3.2.   THREAT OF SUBSTITUTE

2.3.3.   BARGAINING POWER OF SUPPLIERS

2.3.4.   BARGAINING POWER OF BUYERS

2.3.5.   INTENSITY OF COMPETITIVE RIVALRY

2.4. MARKET ATTRACTIVENESS INDEX

2.5. VENDOR SCORECARD

2.6. MARKET DRIVERS

2.6.1.   RISING DEMAND BY BUILDING AND CONSTRUCTION INDUSTRY

2.6.2.   RISE IN THE DEMAND FOR RECYCLABLE MATERIALS IN AUTOMOTIVE INDUSTRY

2.6.3.   BAN ON THE ARSENIC TOXINS, CHROMIUM AND COPPER TOXINS

2.7. MARKET RESTRAINTS

2.7.1.   PERFORMANCE LIMITATIONS

2.7.2.   SUSCEPTIBLE TO STRUGGLE UNDER HEAVY LOAD

2.7.3.   LOWERING THE WEIGHT OF WPC PRODUCTS

2.8. MARKET OPPORTUNITIES

2.8.1.   CONCERN RELATED TO ENVIRONMENT

2.8.2.   RISE IN THE DEMAND FOR PVC-CAPPED DECKING PRODUCTS

2.9. MARKET CHALLENGES

2.9.1.   LESS DEMAND FOR RECYCLATES IN PRODUCTS

3.    WOOD PLASTIC COMPOSITES MARKET OUTLOOK - BY TYPE

3.1. POLYETHYLENE (PE)

3.2. POLYVINYLCHLORIDE (PVC)

3.3. POLYPROPYLENE (PP)

3.4. OTHER TYPES

4.    WOOD PLASTIC COMPOSITES MARKET OUTLOOK - BY APPLICATION

4.1. BUILDING & CONSTRUCTION PRODUCTS

4.2. AUTOMOTIVE COMPONENTS

4.3. INDUSTRIAL & CONSUMER GOODS

4.4. OTHER APPLICATIONS

5.    WOOD PLASTIC COMPOSITES MARKET – LATIN AMERICA

5.1. BRAZIL

5.2. MEXICO

5.3. REST OF LATIN AMERICA

6.    COMPETITIVE LANDSCAPE

6.1. MOSITURESHIELD (FORMERLY ADVANCED ENVIRONMENTAL RECYCLING TECHNOLOGIES INC (AERT)) (ACQUIRED BY OLDCASTLE ARCHITECTURAL)

6.2. AXION INTERNATIONAL INC (AXION STRUCTURAL INNOVATIONS LLC)

6.3. BEOLOGIC

6.4. CERTAINTEED

6.5. FIBERON (ACQUIRED BY FORTUNE BRANDS HOME & SECURITY INC)

6.6. FKUR KUNSTSTOFF GMBH

6.7. JELU-WERK JOSEF EHRLER GMBH & CO KG

6.8. POLYPLANK AB

6.9. TAMKO BUILDING PRODUCTS LLC

6.10. TIMBERTECH LIMITED

6.11. TREX COMPANY INC

6.12. UNIVERSAL FOREST PRODUCTS INC (UPF INDUSTRIES INC)

6.13. UPM

7.    RESEARCH METHODOLOGY & SCOPE

7.1. RESEARCH SCOPE & DELIVERABLES

7.1.1.   OBJECTIVES OF STUDY

7.1.2.   SCOPE OF STUDY

7.2. SOURCES OF DATA

7.2.1.   PRIMARY DATA SOURCES

7.2.2.   SECONDARY DATA SOURCES

7.3. RESEARCH METHODOLOGY

7.3.1.   EVALUATION OF PROPOSED MARKET

7.3.2.   IDENTIFICATION OF DATA SOURCES

7.3.3.   ASSESSMENT OF MARKET DETERMINANTS

7.3.4.   DATA COLLECTION

7.3.5.   DATA VALIDATION & ANALYSIS

List of table

TABLE 1: LATIN AMERICA WOOD PLASTIC COMPOSITES MARKET, BY COUNTRY, 2020-2028 (IN $ MILLION)

TABLE 2: LATIN AMERICA WOOD PLASTIC COMPOSITES MARKET, BY COUNTRY, 2020-2028 (IN $ MILLION)

TABLE 3: VENDOR SCORECARD        

TABLE 4: LATIN AMERICA WOOD PLASTIC COMPOSITES MARKET, BY TYPE, 2020-2028 (IN $ MILLION)      

TABLE 5: LATIN AMERICA WOOD PLASTIC COMPOSITES MARKET, BY TYPE, 2020-2028 (IN KILOTON)     

TABLE 6: LATIN AMERICA WOOD PLASTIC COMPOSITES MARKET, BY APPLICATION, 2020-2028 (IN $ MILLION)          

TABLE 7: LATIN AMERICA WOOD PLASTIC COMPOSITES MARKET, BY APPLICATION, 2020-2028 (IN KILOTON)

TABLE 8: LATIN AMERICA WOOD PLASTIC COMPOSITES MARKET, BY COUNTRY, 2020-2028 (IN $ MILLION)        

TABLE 9: LATIN AMERICA WOOD PLASTIC COMPOSITES MARKET, BY COUNTRY, 2020-2028 (IN KILOTON)          

List of Figures

FIGURE 1: LATIN AMERICA WOOD PLASTIC COMPOSITES MARKET, BY APPLICATION, 2019 & 2028 (IN %)          

FIGURE 2: LATIN AMERICA POLYPROPYLENE MARKET, 2020-2028 (IN $ MILLION)

FIGURE 3: LATIN AMERICA BUILDING & CONSTRUCTION MARKET, 2020-2028 (IN $ MILLION)           

FIGURE 4: PORTER’S FIVE FORCE ANALYSIS        

FIGURE 5: MARKET ATTRACTIVENESS INDEX       

FIGURE 6: LATIN AMERICA WOOD PLASTIC COMPOSITES MARKET, BY POLYETHYLENE (PE), 2020-2028 (IN $ MILLION)  

FIGURE 7: LATIN AMERICA WOOD PLASTIC COMPOSITES MARKET, BY POLYVINYLCHLORIDE (PVC), 2020-2028 (IN $ MILLION)   

FIGURE 8: LATIN AMERICA WOOD PLASTIC COMPOSITES MARKET, BY POLYPROPYLENE (PP), 2020-2028 (IN $ MILLION)  

FIGURE 9: LATIN AMERICA WOOD PLASTIC COMPOSITES MARKET, BY OTHER TYPES, 2020-2028 (IN $ MILLION)

FIGURE 10: LATIN AMERICA WOOD PLASTIC COMPOSITES MARKET, BY BUILDING & CONSTRUCTION PRODUCTS, 2020-2028 (IN $ MILLION)  

FIGURE 11: LATIN AMERICA WOOD PLASTIC COMPOSITES MARKET, BY AUTOMOTIVE COMPONENTS, 2020-2028 (IN $ MILLION)     

FIGURE 12: LATIN AMERICA WOOD PLASTIC COMPOSITES MARKET, BY INDUSTRIAL & CONSUMER GOODS, 2020-2028 (IN $ MILLION)      

FIGURE 13: LATIN AMERICA WOOD PLASTIC COMPOSITES MARKET, BY OTHER APPLICATIONS, 2020-2028 (IN $ MILLION)     

FIGURE 14: LATIN AMERICA WOOD PLASTIC COMPOSITES MARKET, REGIONAL OUTLOOK, 2019 & 2028 (IN %)

FIGURE 15: BRAZIL WOOD PLASTIC COMPOSITES MARKET, 2020-2028 (IN $ MILLION)   

FIGURE 16: MEXICO WOOD PLASTIC COMPOSITES MARKET, 2020-2028 (IN $ MILLION)  

FIGURE 17: REST OF LATIN AMERICA WOOD PLASTIC COMPOSITES MARKET, 2020-2028 (IN $ MILLION)        

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