Plastic decking is defined as a broad category of coarse to medium-grained particulate material used in construction. Market Research Future (MRFR) has published a research report about the global plastic decking market that predicts growth for this market at 11% CAGR (Compound Annual Growth Rate) during the forecast period that would end in 2022.
Analyzing the market structure, this report calculates the future growth potential of the market. It weighs the strategies of the key players in the market and supports the competitive developments like joint ventures, new product developments, mergers and acquisitions, research and developments (R&D) in the market.
The key factor driving the global plastic decking market growth include large scale investments, rapid urbanization, replacement of traditional materials with other composite decking product, and rising construction activities in the emerging economies.
The global plastic decking market has been segmented on the basis of composite, end-users, material, and lastly, region. As per composite-based segmentation, this market has been segmented into capped composite decking and uncapped composite decking. Capped composite deck boards have the traditional composite wood/plastic core, featuring a durable polymer protective shell. Capped composite decking has a cover bonded to the core during manufacturing. Uncapped decking is usually the first generation versions of composite decking that are vulnerable to fading, mould, mildew, and staining. Uncapped decking is not bonded to the core.
Based on end-users, the market has been segmented into residential and non-residential. Residential areas are areas where housing societies are located. Non-Residential areas are areas where corporate offices, businesses entities are located. Plastic decking is widely used in residential and non-residential buildings. Residential buildings hold the major market share. The material-based segmentation segments the market into high-density polyethylene (HDPE), low-density polyethylene (LDPE), polypropylene (PP), polyvinyl chloride (PVC), and others.
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The regional segmentation of the global plastic decking market can segment the market into the regional markets known as North America, Europe, Asia Pacific, and rest of the world (RoW). In the Asia Pacific region, the fastest growth is being witnessed in China and India due to population growth, rising disposable income and demand for more residential buildings. Demand for non-residential buildings is also growing in those cities that are commercial hubs. Another important economy in this region is Japan, that can be a potential market.
North America is the largest regional market due to increasing demand for low maintenance building products and the presence of many key market players. The strongest economies in North America are the USA and Canada that can be lucrative markets.
In Europe, the market is growing due to the high density of population, and the presence of many key market players, and various business activities. Russia is an important country-specific market in this region. Other strong economies that can be ideal markets are France, Germany, and the UK.
The RoW segment covers the countries of the Middle East & Africa (MEA). In the MEA region, despite the high demand, the market is small due to poor countries, lack of awareness, lack of education, lack of skilled labor, and lack of technological advancement.
Key Players
The key players in the global plastic decking market include Advanced Environmental Recycling Technologies Inc. (USA), Azek Building Products Inc. (USA), Cardinal Building Products (USA), CertainTeed Corporation (USA), DuraLife Decking & Railing Systems (USA), Fiberon LLC (USA), Green Bay Decking LLC (USA), TAMKO Building Products Inc. (USA), Universal Forest Products Inc. (USA), and UPM Kymmene Corporation (Finland).
Latest Industry News
- Yorkshire-based Composite Prime are manufacturing composite decking via recycled plastics due to soaring demand for its products. 5 SEP 2018
- The world’s number one premium decking and railing brandTrex Company is encouraging recycling of polyethylene plastic via its annual Trex Plastic Film Recycling Challenge. 17 OCT 2018
Global Plastic Decking Market was valued at US$ 3.2Bn in 2019 and is expected to reach US$ 7.1Bn by 2027, at a CAGR of 10.47% during a forecast period.The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters.
The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.Growing demand for plastic decking across various end-use industrial verticals such as residential and non-residential is major factor projected to drive the growth of the target market over the next few years.
Also, various properties offered by plastic decking such as resistant to humidity and moisture and others are among some factor predictable to support the adoption of these products, which in turn anticipated to drive the growth of the target market during the forecast period.Moreover, plastic decking has an extensive range of application in the various residential sector, which in turn estimated to drive the growth of the target market in the upcoming year.
Changing lifestyle and inclination towards the low-maintenance and good quality decks are other key factors expected to drive the growth of the global market over a certain extent.
The APAC market is projected to register faster growth in terms of revenue over the next 10 years, owing to increasing demand from construction and infrastructure development industries in the countries in this region.
In 2017, AZEK building products have launched a new product AZEK Deck Designer Tool to assist homeowners and contractors visualize their dream deck designs.
The research report includes specific segments by region (country), by company, by Type and by Application.
This study provides information about the sales and revenue during the historic and forecasted period of 2015 to 2026.
Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Download FREE Sample of this Report @ https://www.24chemicalresearch.com/download-sample/64750/global-plastic-decking-2021-544Segment by Type, the Plastic Decking market is segmented into:HDPELDPEPPPVCOthers (PS and PET)Segment by Application:ResidentialNon-residentialGlobal Plastic Decking Market: Regional AnalysisThe Plastic Decking market is analysed and market size information is provided by regions (countries).
The report includes country-wise and region-wise market size for the period 2015-2026.
It also includes market size and forecast by Type and by Application segment in terms of sales and revenue for the period 2015-2026.The key regions covered in the Plastic Decking market report are:North AmericaU.S.CanadaEuropeGermanyFranceU.K.ItalyRussiaAsia-PacificChinaJapanSouth KoreaIndiaAustraliaTaiwanIndonesiaThailandMalaysiaPhilippinesVietnamLatin AmericaMexicoBrazilArgentinaMiddle East & AfricaTurkeySaudi ArabiaU.A.EGlobal Plastic Decking Market: Competitive AnalysisThis section of the report identifies various key manufacturers of the market.
Allied Market Research published an exclusive report, titled, “Plastic Decking Market by Type (High Density Polyethylene, Low Density Polyethylene, Polyvinyl Chloride, Polypropylene, and Others), Composite Type (Capped Composite Decking, and Uncapped Composite Decking) and Application (Residential and Non-Residential) - Global Opportunity Analysis and Industry Forecast, 2021-2028”.
The Plastic Decking Market by Type market report offers an in-depth analysis of every crucial factor that affects the market growth including recent market developments, key market players, and decisive trends.
Leading market players analyzed in the report include Azek Building Products, Inc., Cardinal Building products, Certainteed Corporation, Duralife Decking and Railing systems, Fiberon LLC, Green Bay Decking, Tamco Building products Inc., UPM Kymmene Corporation.
This analysis aids new market entrants and existing manufacturers to prepare for future challenges and take advantage of opportunities to strengthen their market position.
Request For Customization @ https://www.alliedmarketresearch.com/request-for-customization/1968 Major Offering of the Report:Major impacting factors: An in-depth analysis of driving factors, upcoming opportunities, and challenges.Ongoing trends & forecasts: A thorough study in recent market trends, happenings, and forecasts for the next few years to take a strategic, informed decision.Segmental analysis: A detailed analysis of each segment and driving factors coupled with growth rate analysis.Regional analysis: Insights on the market potential across each region to enable market players to leverage market opportunities.Competitive landscape: An in-depth analysis of every key market player active in the Plastic Decking Market by Type market.
Buy Now: https://www.alliedmarketresearch.com/purchase-enquiry/1968 About Us:Allied Market Research (AMR) is a full-service market research and business consulting wing of Allied Analytics LLP based in Portland, Oregon.
Allied Market Research published a new report, titled, " Plastic Decking Market by Type (High Density Polyethylene, Low Density Polyethylene, Polyvinyl Chloride, Polypropylene, and Others), Composite Type (Capped Composite Decking, and Uncapped Composite Decking) and Application (Residential and Non-Residential) - Global Opportunity Analysis and Industry Forecast, 2020-2027."
The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter's Five Forces analysis, and competitive landscape.
This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain thorough understanding of the industry and determine steps to be taken to gain competitive advantage.
The report offers key drivers that propel the growth in the global plastic decking market.
Extensive analysis of sales, revenue, growth rate, and market share of each FF and GG for the historic period and the forecast period is offered with the help of tables.
These insights help to devise strategies and create new opportunities to achieve exceptional results.
Plastic decking is defined as a broad category of coarse to medium-grained particulate material used in construction.
Market Research Future (MRFR) has published a research report about the global plastic decking market that predicts growth for this market at 11% CAGR (Compound Annual Growth Rate) during the forecast period that would end in 2022.Analyzing the market structure, this report calculates the future growth potential of the market.
It weighs the strategies of the key players in the market and supports the competitive developments like joint ventures, new product developments, mergers and acquisitions, research and developments (R) in the market.Get Free Sample PDF @ https://www.marketresearchfuture.com/sample_request/1872The key factor driving the global plastic decking market growth include large scale investments, rapid urbanization, replacement of traditional materials with other composite decking product, and rising construction activities in the emerging economies.The global plastic decking market has been segmented on the basis of composite, end-users, material, and lastly, region.
As per composite-based segmentation, this market has been segmented into capped composite decking and uncapped composite decking.
Uncapped decking is usually the first generation versions of composite decking that are vulnerable to fading, mould, mildew, and staining.
Non-Residential areas are areas where corporate offices, businesses entities are located.
