Cedar Decking Is Fastest Growing Segment Fueling The Growth Of Global Wooden Decking Market

Lucy Kart

Cedar Decking Is Fastest Growing Segment Fueling The Growth Of Global Wooden Decking Market

The global Wooden Decking Market is estimated to be valued at US$ 23107.38 Mn in 2023 and is expected to exhibit a CAGR of 5.2% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview

The wood decking market comprises of different types of decking materials made from various wood species including redwood, pressure treated wood, cedar wood, and tropical hardwood. Cedar decking is gaining popularity owing to its natural resistance to moisture and rot. It provides excellent durability without needing treatments compared to other woods.

Market key trends

One of the key trends in the wooden decking market is the rising demand for thermally modified wood decking. Thermally modified wood goes through a high-temperature steaming process that increases its dimensional stability, protection against decay, and durability without using chemical preservatives. It has properties similar to tropical hardwoods but is produced from slower growing tree species in a more sustainable way. The thermal treatment process makes wood decking material last longer without rotting, cracking, or splintering even under the harshest of weather conditions thus driving increasing preference of consumers.

Segment Analysis

The global wooden decking market is dominated by the cellular wood plastic composite (WPC) segment. Cellular WPC accounted for over 35% market share in 2022 due to its excellent weather resistance properties. Cellular WPCs are less prone to warping, cracking, rotting and swelling when exposed to rain and sun. This makes them more durable than traditional wooden decking products. Moreover, they require very low maintenance, with no need for staining or sealing. This has led to their widespread adoption in both residential and commercial applications.

The wooden decking market is segmented by type as cellular wood plastic composite (WPC), plain wooden decking, and wood-plastic composite (WPC) decking. The plain wooden decking segment holds the second largest share due to its genuine wood look and feel. However, its usage is limited by shortcomings such as cracking, warping and greater maintenance needs.

Key Takeaways

Global Wooden Decking Market Demand is expected to witness high growth, exhibiting CAGR of 5.2% over the forecast period, due to increasing spending on home renovation and new construction activities. The market size is projected to reach US$ 23107.38 Mn by 2023.

On a regional basis, the North American region currently dominates the wooden decking market with over 35% share driven by high deck installation and replacement rates in the United States. However, the Asia Pacific region is projected to exhibit fastest growth over forecast period with CAGR of 6.2% due to growing construction industry and real estate investments in countries such as China and India.

Key players operating in the wooden decking market are The AZEK Company Inc., Deckorators Inc., Deck Solutions LLC, DuraLife Decking & Railing Systems, Fiberon, Humboldt Sawmill Company LLC, Kebony AS, Metsa Wood Thermory, Trex Company Inc., United Construction Products Inc. (BISON Innovative Products), Mendocino Forest Products Company LLC, NeoTimber, Shubh Composites, and Tecnodeck (Mitera Group). Major players are investing in new product development and market expansion strategies to consolidate their position. For instance, Trex Company has launched a recycled plastic lumber decking product to cater to rising demand for sustainable construction materials.

Lucy Kart

Wooden Decking Market Poised for Steady Growth With The Growing Demand For Outdoor Leisure And Entertaining Spaces

Lucy Kart 2023-12-19

The global wooden decking Market is estimated to be valued at US$ 23107. Segment Analysis The global wooden decking market is dominated by the non-composite or solid wood segment. Regional analysis: North America region currently dominates the global wooden decking market with over 35% share. This is because of rising outdoor construction activities in the United States. The region is expected to continue its dominance over the forecast period owing to higher disposable incomes and consumer preference for wooden decking over other alternatives.

Wooden Decking Market Size, Growth Opportunities, Revenue Share Analysis, and Forecast to 2028

Reportsanddata 2023-01-09

The global wooden decking market size is expected to reach USD 9. North America market accounted for largest revenue share in the global market in 2020. 1% revenue share in the global market in 2020 and is expected to register fastest CAGR over the forecast period. Development of construction sector, and growing adoption of wooden decking in residential sector are key factors driving market revenue growth in the region. com/sample-enquiry-form/1529Companies profiled in the global market report include Weyerhaeuser Company, West Fraser Timber Co.

Improve Your Home's Value with Professionally Installed Wooden Decking

Anjali Pawar 2023-05-24

Enhance your home's value and curb appeal with professionally installed Wooden Decking. Increase the value of your home while enjoying the countless benefits of a professionally installed wooden deck. With proper maintenance and sealing, wooden decking can withstand the elements, ensuring its longevity and durability. With ergonomic wooden decking, you can unwind and rejuvenate in ultimate comfort, letting the stresses of the day melt away. With its natural charm and timeless elegance, wooden decking adds a touch of sophistication to your outdoor living space.

Wooden Decking Market Size, Factors, Trends, Key Companies, Forecast To 2030

MRFR Research 2022-04-13

Furthermore, increasing awareness about wooden decking among the consumers is slated to bring about a number of lucrative opportunities for the wooden decking market in the coming years. Therefore, modified wood is a fast-emerging trend in the wooden decking market, backed by new and more modern design ideas. com/reports/wooden-decking-market-4755 Key PlayersThe key vendors in the wooden decking market include UPM-Kymmene Corporation (Finland), Mohawk Industries, Inc. About Market Research Future - At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research Consulting Edibles. com

Wooden Decking Market Growth 2023, Global Industry Share, Rising Trends, CAGR Status, Revenue, Challenges, Opportunities and Future Scope 2033: SPER Market Research

Anthonytone 2023-11-30

According to SPER market research, ‘Wooden Decking Market Size- By Product Type, By Application, By Type of Construction, By End-User - Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the Wooden Decking Market is predicted to reach USD 11. Because of its versatility and ease of design, wooden decking is frequently used in houses to create patios, landscape gardens, or expand living areas. Over the course of the forecast period, the wooden decking market in Asia-Pacific is anticipated to grow at the fastest rate. By Product Type: Based on the Product Type, Global Wood Decking Market is segmented as; Pressure treated wood, Redwood, Tropical hardwood, Tigerwood, Mahogany, Teak, Ipe, Others. By Application: Based on the Distribution Channel, Global Wood Decking Market is segmented as; Building materials, Rails & infrastructure.

Wooden decking Market Forecast 2027: Projected Growth and Opportunities | Techsci Research

Kumar 2023-03-27

During the forecast period of 2023-2027, the global wooden decking market is projected to experience substantial growth. Investors and developers are embracing alternative construction methods, which is further boosting the global wooden decking market. Some of the leading players in the global wooden decking market are Metsä Group, UPM-Kymmene Corporation, Weyerhaeuser Company, Cox Industries Inc. cid=2456About TechSci Research:TechSci Research is a research-based management consulting firm providing market research and advisory solutions to its customers worldwide, spanning a range of industries. Provided as an alternative to traditional market research, TechSci Research reports do not just deliver data and knowledge rather highlights the insights in a more usable and interactive format for its clients.

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This report covers the genre of building materials with specific focus on wooden decking.

However, they preserve the woody look.

However, the growing environmental concerns and availability of alternatives act as the main restraining factors.

Thus, there is a rising demand for wooden decks in developing countries.The incessant rise in the demand for construction works as well as residential interiors has been a major driving factor in the market.Factors such as fluctuations in wood and related material prices and availability of substitutes such as plastic decks and wood-polymer composite decks might restrict the growth of the market.New decks on new houses plays a key role in changing the wooden decking landscape and is projected to grow at the second-highest rate during the forecast period.Several technological developments and advancements have developed the quality of the wooden decks making them splinter resistant, rot resistant, durable and sustainable.

This has furthermore encouraged demand for wooden decks.The rising environmental awareness and the stringent governmental laws to protect the environment acts as a restraining factor for production.

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EczemaEczema is a common skin condition characterized by dry, red, itchy skin that can blister or crack.

You can incorporate cedarwood essential oil into your daily routine by adding it to your skin lotion or soap, rubbing it on infected or itchy areas with a carrier oil, or taking a bath with five drops of cedarwood oil added to it.

This promotes hair growth and may help to slow hair loss.