Market by Product Type, Application, End-user, and Country Outlook | Forecast 2022-2028
According to Triton’s research report, the wooden decking market in Latin America is estimated to develop with a CAGR of 4.43% in the forecast years between 2022 and 2028.
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The countries considered in this region include:
•
Brazil
•
Mexico
•
Rest of Latin America
Brazil
leads the wooden decking market in Latin America, accounting for the highest
share in 2021. Housing construction is a priority for
governments in the region, as they are increasingly investing in
infrastructural development.
The growing number of housing
projects in Latin America is fueling the demand for wood decking, thereby
driving market growth. Moreover, an increased demand for luxury residences also
contributes to this growth.
The government of
Brazil has plans to serve more than 1.6 million low-income families with
residential units by 2024, as part of the Casa Verde e Amarela housing program.
Also, due to historically low lending rates in Brazil, the Sao Paulo State
Housing Union (Secovi-SP) registered 4,341 new residential unit sales in São
Paulo in July 2020, with a 32.3% increase from the preceding year.
As a result, the
elevated demand for housing in the country has stimulated construction activities.
This, in turn, is expected to drive the demand for wooden decking in the coming
years.
The green building
movement has been initiated in Argentina, with nearly 300 projects being
registered across the nation. With the rise in infrastructure projects, the demand
for wooden decking is likely to witness growth.
Meanwhile, Chile is also
focusing on incorporating more sustainable construction methods and expanding
green infrastructure. The demand for wood decking is likely to increase with
the rise in infrastructure projects spread across the country. Thus, the
augmented demand in countries like Argentina and Chile will drive the studied
market’s growth in Rest of Latin America.
Non-residential
construction includes hospitals, universities, office buildings, power plants, factories,
and other types of infrastructure. Increased commercial operations across the
world have resulted in a growth in non-residential building activities. As a
result, the demand for wooden decking is expected to surge in the years to come.
Triton’s
report assesses the market according to end-user, application, and product type.
Here, the end-user segment comprises residential and non-residential.
The
top contenders in the wooden decking market include Fiberon, West Fraser Timber
Co Ltd, Humboldt Sawmill Company LLC, Azek Company Inc, Setra Group AB, Kebony,
Vetedy Group, Inovar Floor, Trex Company Inc, and Deck Solutions LLC.
Fiberon is a company
manufacturing decking, cladding, & railing products and furniture &
other accessories. Its decking product lines include Paramount, Promenade, Sanctuary,
Concordia, Armor Guard, and Good Life. The decking manufacturing techniques
used by the company are highly efficient and sustainable, leading to a 98.5%
recovery rate of manufacturing material waste. Fiberon has sales sites in several
countries across the globe, including those in Latin America.
Key deliverables of the report:
·
Market
CAGR during the forecasting years 2022-2028
·
Detailed
data highlighting key insights, industry components, and market strategies
·
Comprehensive
information and estimation of the wooden decking market revenue growth in Latin
America and its influence on the parent market
·
In-depth
study of forthcoming trends in consumer behavioral patterns
·
A
meticulous analysis of the competitive landscape, vendor scorecard, and
Porter’s Five Forces Model
·
A
wide-ranging study of factors that will challenge the Latin America wooden
decking market’s growth during the upcoming years
Want
to get specific insights? Our team of analysts can customize this report based
on your preferences. Connect with us here.
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VIEW REPORT1. LATIN
AMERICA WOODEN DECKING MARKET – SUMMARY
2. INDUSTRY
OUTLOOK
2.1. IMPACT
OF COVID-19 ON THE WOODEN DECKING MARKET
2.2. KEY
INSIGHT
2.2.1. WIDESPREAD
USE OF ACETYLATED WOOD IN WOODEN DECKING
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 BUYERS
2.3.4. BARGAINING
POWER OF SUPPLIERS
2.3.5. THREAT
OF COMPETITIVE RIVALRY
2.4. MARKET
ATTRACTIVENESS INDEX
2.5. VENDOR
SCORECARD
2.6. VALUE
CHAIN ANALYSIS
2.7. KEY
MARKET STRATEGIES
2.7.1. ACQUISITIONS
2.7.2. CONTRACTS
& PARTNERSHIPS
2.7.3. EXPANSIONS
2.8. MARKET
DRIVERS
2.8.1. INTENSIFICATION
OF REMODELING ACTIVITIES
2.8.2. ELEVATED
DEMAND FOR HOUSING AND INFRASTRUCTURE IN ADVANCED ECONOMIES
2.8.3. INCREASE
IN AFFORDABLE HOUSING PROJECTS
2.9. MARKET
CHALLENGE
2.9.1. GROWING
USAGE OF ALTERNATIVE WOOD DECKING MATERIALS
2.10. MARKET
OPPORTUNITY
2.10.1. RISING
DEMAND FOR WOODEN DECKS DUE TO AN INCREASE IN GREEN BUILDING CONSTRUCTION
3. LATIN
AMERICA WOODEN DECKING MARKET OUTLOOK – BY PRODUCT TYPE
3.1. PRESSURE-TREATED
WOOD
3.2. REDWOOD
3.3. TROPICAL
HARDWOOD
3.4. CEDAR
3.5. WOOD-PLASTIC
COMPOSITES (WPC)
3.6. OTHER
PRODUCT TYPES
4. LATIN
AMERICA WOODEN DECKING MARKET OUTLOOK – BY APPLICATION
4.1. RAILING
4.2. FLOOR
4.3. WALL
4.4. OTHER
APPLICATIONS
5. LATIN
AMERICA WOODEN DECKING MARKET OUTLOOK – BY END-USER
5.1. RESIDENTIAL
5.2. NON-RESIDENTIAL
6. LATIN
AMERICA WOODEN DECKING MARKET – COUNTRY OUTLOOK
6.1. BRAZIL
6.2. MEXICO
6.3. REST
OF LATIN AMERICA
7. COMPETITIVE
LANDSCAPE
7.1. AZEK
COMPANY INC
7.2. SETRA
GROUP AB
7.3. UPM-KYMMENE
OYJ
7.4. METSÄ
GROUP
7.5. VETEDY
GROUP
7.6. UFP
INDUSTRIES INC
7.7. INOVAR
FLOOR
7.8. DECK
SOLUTIONS LLC
7.9. HUMBOLDT
SAWMILL COMPANY LLC
7.10. WEYERHAEUSER
COMPANY
7.11. WEST
FRASER TIMBER CO LTD
7.12. DURALIFE
DECKING & RAILING SYSTEMS
7.13. THERMORY
AS
7.14. NEOTIMBER
7.15. FIBERON
7.16. MENDOCINO
FOREST PRODUCTS COMPANY LLC
7.17. TREX
COMPANY INC
7.18. KEBONY
7.19. TECNODECK
(MITTERA GROUP)
8. RESEARCH
METHODOLOGY & SCOPE
8.1. RESEARCH
SCOPE & DELIVERABLES
8.2. SOURCES
OF DATA
8.3. RESEARCH
METHODOLOGY
TABLE 1: LATIN AMERICA WOODEN
DECKING MARKET, BY COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)
TABLE 2: VENDOR SCORECARD
TABLE 3: LATIN AMERICA WOODEN DECKING
MARKET, BY PRODUCT TYPE, 2022-2028 (IN $ MILLION)
TABLE 4: LATIN AMERICA WOODEN
DECKING MARKET, BY APPLICATION, 2022-2028 (IN $ MILLION)
TABLE 5: LATIN AMERICA WOODEN
DECKING MARKET, BY END-USER, 2022-2028 (IN $ MILLION)
TABLE 6: LATIN AMERICA WOODEN
DECKING MARKET, BY COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)
FIGURE 1: MARKET
ATTRACTIVENESS INDEX
FIGURE 2: VALUE CHAIN ANALYSIS
FIGURE 3: LATIN AMERICA WOODEN
DECKING MARKET, BY PRODUCT TYPE, 2021 & 2028 (IN %)
FIGURE 4: LATIN AMERICA WOODEN
DECKING MARKET, BY PRESSURE-TREATED WOOD, 2022-2028 (IN $ MILLION)
FIGURE 5: LATIN AMERICA WOODEN
DECKING MARKET, BY REDWOOD, 2022-2028 (IN $ MILLION)
FIGURE 6: LATIN AMERICA WOODEN
DECKING MARKET, BY TROPICAL HARDWOOD, 2022-2028 (IN $ MILLION)
FIGURE 7: LATIN AMERICA WOODEN
DECKING MARKET, BY CEDAR, 2022-2028 (IN $ MILLION)
FIGURE 8: LATIN AMERICA WOODEN
DECKING MARKET, BY WOOD-PLASTIC COMPOSITES (WPC), 2022-2028 (IN $ MILLION)
FIGURE 9: LATIN AMERICA WOODEN
DECKING MARKET, BY OTHER PRODUCT TYPES, 2022-2028 (IN $ MILLION)
FIGURE 10: LATIN AMERICA
WOODEN DECKING MARKET, BY APPLICATION, 2021 & 2028 (IN %)
FIGURE 11: LATIN AMERICA
WOODEN DECKING MARKET, BY RAILING, 2022-2028 (IN $ MILLION)
FIGURE 12: LATIN AMERICA
WOODEN DECKING MARKET, BY FLOOR, 2022-2028 (IN $ MILLION)
FIGURE 13: LATIN AMERICA
WOODEN DECKING MARKET, BY WALL, 2022-2028 (IN $ MILLION)
FIGURE 14: LATIN AMERICA
WOODEN DECKING MARKET, BY OTHER APPLICATIONS, 2022-2028 (IN $ MILLION)
FIGURE 15: LATIN AMERICA
WOODEN DECKING MARKET, BY END-USER, 2021 & 2028 (IN %)
FIGURE 16: LATIN AMERICA
WOODEN DECKING MARKET, BY RESIDENTIAL, 2022-2028 (IN $ MILLION)
FIGURE 17: LATIN AMERICA
WOODEN DECKING MARKET, BY NON-RESIDENTIAL, 2022-2028 (IN $ MILLION)
FIGURE 18: LATIN AMERICA
WOODEN DECKING MARKET, COUNTRY OUTLOOK, 2021 & 2028 (IN %)
FIGURE 19: BRAZIL WOODEN
DECKING MARKET 2022-2028 (IN $ MILLION)
FIGURE 20: MEXICO WOODEN
DECKING MARKET 2022-2028 (IN $ MILLION)
FIGURE 21: REST OF LATIN
AMERICA WOODEN DECKING MARKET 2022-2028 (IN $ MILLION)