LATIN AMERICA WOOD PLASTIC COMPOSITES MARKET 2022-2028

Chemicals & Materials | Specialty Chemicals

LATIN AMERICA WOOD PLASTIC COMPOSITES MARKET 2022-2028

Market by Type, Application, and Country | Forecast 2022-2028

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Triton’s report expects the Latin America wood plastic composites market to advance at a compound annual growth rate of 9.46% in value and 8.01% in volume during the estimated phase 2022-2028.


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The countries scrutinized in this market include:

•        Brazil

•        Mexico

•        Rest of Latin America

Brazil has witnessed significant infrastructure lags compared to other countries in the region. As per the Global Competitiveness Index of the World Economic Forum, the country ranks 108th among 137 economies in terms of the general quality of its infrastructure, having inadequate levels that limit its capacity. These deficiencies are reflected in the country’s high logistic costs. This indicated the huge scope of development in the construction sector. In this regard, wood plastic composites are ideal for construction projects because they are eco-friendly and cost-effective. Hence, these factors are expected to generate new opportunities for the wood plastic composites market over the forecast period.

On the other hand, major infrastructure projects announced by the government and private companies could pull the construction industry out of its slump in Mexico. Over the years, the construction industry has witnessed a considerable fall, majorly impacting the economy. Hence, if the pipeline projects take share, the construction output is expected to gain momentum over the next few years. The growth in the construction sector will enhance the demand for wood plastic composites for various applications, thereby supporting the growth of the wood plastic composites market over the upcoming years.

Fiberon LLC manufactures products from wood plastic composite materials, such as decking, railing, and terrace fasteners. These products are widely used in household and light construction applications. Its product line includes horizon and symmetry railing, horizon and traditional decking, and phantom series of hidden fasteners. The company operates across more than 30 nations across North America, Latin America, and Asia.  

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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 A RAPIDLY GROWING WOOD PLASTIC COMPOSITE TYPE

2.2.2. BUILDING & CONSTRUCTION PRODUCTS MAJORLY USE WOOD PLASTIC COMPOSITES

2.2.3. IMPROVEMENT IN PRODUCTION TECHNIQUE

2.2.4. ADVANTAGE OF RECYCLABLE RAW MATERIALS

2.3. PORTER’S FIVE FORCES ANALYSIS

2.3.1. THREAT OF NEW ENTRANTS

2.3.2. THREAT OF SUBSTITUTES

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. IMPACT OF COVID-19 ON THE MARKET     

2.7. KEY MARKET STRATEGIES    

2.7.1. CONTRACTS & PARTNERSHIPS          

2.7.2. BUSINESS EXPANSIONS & DIVESTITURES  

2.7.3. NEW PRODUCT LAUNCHES

2.8. MARKET DRIVERS

2.8.1. RISING DEMAND FROM THE BUILDING AND CONSTRUCTION INDUSTRY

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

2.8.3. BAN ON ARSENIC TOXINS, CHROMIUM, AND TOXINS COPPER

2.9. MARKET CHALLENGES

2.9.1. PERFORMANCE LIMITATIONS

2.9.2. SUSCEPTIBILITY TO STRUGGLE UNDER HEAVY LOAD

2.9.3. LOWERING WEIGHT OF WPC PRODUCTS

2.10. MARKET OPPORTUNITIES

2.10.1. ENVIRONMENTAL CONCERNS 

2.10.2. RISE IN DEMAND FOR PVC-CAPPED DECKING PRODUCTS

3. LATIN AMERICA WOOD PLASTIC COMPOSITES MARKET OUTLOOK - BY TYPE

3.1. POLYETHYLENE (PE)

3.2. POLYVINYL CHLORIDE (PVC)

3.3. POLYPROPYLENE (PP)

3.4. OTHER TYPES

4. LATIN AMERICA 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. COUNTRY ANALYSIS

5.1.1. BRAZIL

5.1.2. MEXICO

5.1.3. REST OF LATIN AMERICA

6. COMPETITIVE LANDSCAPE

6.1. MOISTURESHIELD

6.2. AXION INTERNATIONAL INC

6.3. BEOLOGIC NV

6.4. CERTAINTEED CORPORATION

6.5. FIBERON LLC

6.6. FKUR KUNSTSTOFF GMBH

6.7. JELU WERK JOSEF EHRLER GMBH AND CO KG

6.8. POLYPLANK AB

6.9. TAMKO BUILDING PRODUCTS INC

6.10. TIMBERTECH LIMITED

6.11. TREX COMPANY INC

6.12. UNIVERSAL FOREST PRODUCTS 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 Tables

TABLE 1: LATIN AMERICA WOOD PLASTIC COMPOSITES MARKET, BY COUNTRY, 2022-2028 (IN $ MILLION)

TABLE 2: VENDOR SCORECARD        

TABLE 3: LATIN AMERICA WOOD PLASTIC COMPOSITES MARKET, BY TYPE, 2022-2028 (IN $ MILLION)         

TABLE 4: LATIN AMERICA WOOD PLASTIC COMPOSITES MARKET, BY TYPE, 2022-2028 (IN KILOTON)

TABLE 5: LATIN AMERICA WOOD PLASTIC COMPOSITES MARKET, BY APPLICATION, 2022-2028 (IN $ MILLION)     

TABLE 6: LATIN AMERICA WOOD PLASTIC COMPOSITES MARKET, BY APPLICATION, 2022-2028 (IN KILOTON)       

TABLE 7: LATIN AMERICA WOOD PLASTIC COMPOSITES MARKET, BY COUNTRY, 2022-2028 (IN $ MILLION) 

TABLE 8: LATIN AMERICA WOOD PLASTIC COMPOSITES MARKET, BY COUNTRY, 2022-2028 (IN KILOTON)    

List of Figures

FIGURE 1: LATIN AMERICA WOOD PLASTIC COMPOSITES MARKET, BY APPLICATION, 2021 & 2028 (IN %)      

FIGURE 2: LATIN AMERICA POLYPROPYLENE MARKET, 2022-2028 (IN $ MILLION)    

FIGURE 3: LATIN AMERICA BUILDING & CONSTRUCTION MARKET, 2022-2028 (IN $ MILLION)

FIGURE 4: PORTER’S FIVE FORCES ANALYSIS     

FIGURE 5: MARKET ATTRACTIVENESS INDEX      

FIGURE 6: LATIN AMERICA WOOD PLASTIC COMPOSITES MARKET, BY POLYETHYLENE (PE), 2022-2028 (IN $ MILLION)   

FIGURE 7: LATIN AMERICA WOOD PLASTIC COMPOSITES MARKET, BY POLYVINYL CHLORIDE (PVC), 2022-2028 (IN $ MILLION) 

FIGURE 8: LATIN AMERICA WOOD PLASTIC COMPOSITES MARKET, BY POLYPROPYLENE (PP), 2022-2028 (IN $ MILLION) 

FIGURE 9: LATIN AMERICA WOOD PLASTIC COMPOSITES MARKET, BY OTHER TYPES, 2022-2028 (IN $ MILLION)    

FIGURE 10: LATIN AMERICA WOOD PLASTIC COMPOSITES MARKET, BY BUILDING & CONSTRUCTION PRODUCTS, 2022-2028 (IN $ MILLION) 

FIGURE 11: LATIN AMERICA WOOD PLASTIC COMPOSITES MARKET, BY AUTOMOTIVE COMPONENTS, 2022-2028 (IN $ MILLION) 

FIGURE 12: LATIN AMERICA WOOD PLASTIC COMPOSITES MARKET, BY INDUSTRIAL & CONSUMER GOODS, 2022-2028 (IN $ MILLION) 

FIGURE 13: LATIN AMERICA WOOD PLASTIC COMPOSITES MARKET, BY OTHER APPLICATIONS, 2022-2028 (IN $ MILLION) 

FIGURE 14: LATIN AMERICA WOOD PLASTIC COMPOSITES MARKET, REGIONAL OUTLOOK, 2021 & 2028 (IN %)   

FIGURE 15: BRAZIL WOOD PLASTIC COMPOSITES MARKET 2022-2028 (IN $ MILLION)      

FIGURE 16: MEXICO WOOD PLASTIC COMPOSITES MARKET 2022-2028 (IN $ MILLION)      

FIGURE 17: REST OF LATIN AMERICA WOOD PLASTIC COMPOSITES MARKET 2022-2028 (IN $ MILLION)     

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