Plastic Decking Market Size Is USD 4.71 Billion At A CAGR Of 11.0% By 2030

 Increasing demand for modern constructions, rapid urbanization, increasing industrialization are key factors contributing to high CAGR of Plastic Decking market during forecast period.

According to the current analysis of Reports and Data, the global Plastic Decking Market was valued at USD 4.71 Billion in 2021 and is expected to reach USD 11.90 Billion by year 2030, at a CAGR of 11.0%. The study covers various features and types of plastic decking. Plastic decking is an elevated flat surface construction used in building facades made from recycled plastic material. It is highly resistant and requires low maintenance to enhance the aesthetic value and quality of the deck. Further, these materials are also resistant to moisture and humidity, which increase its demand in construction sector. The global plastic decking is propelled by number of factors such as changing lifestyle, replacement to usage of traditional materials in decking, rapid urbanization and industrialization. However, continuous fluctuations in the prices of raw materials, high costs, easy availability of easy substitutes are major hindrance to the global plastic decking market.

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Top Companies: Duralife Decking and Railing systems, Trex Company Inc, Fiberon LLC, Green Bay Decking, Tamco Building products Inc., UPM Kymmene Corporation and Universal Forests Products, Inc, Advanced Environmental Recycling Technologies Inc., Azek Building Products Inc., Cardinal Building products, Certainteed Corporation

Further Key Finding from the Report Suggestion:

·         Plastic decking is really tough, rigid, moisture resistant and is available in various kinds of patterns, designs for easy personalization

·         Further, plastic decking can be used anywhere outdoors. The installation process is fast and easy with the click system and few technical skills. The planks are only plugged into each other and thus form a stable surface

·         Most of the plastic decking manufacturers provide with lifetime warranties that cover your basic wear and tear. Usually, plastic decking companies provide a minimum 30-year limited warranty for staining and fading

·         Unfortunately, plastic decking might expand and contract in certain climates, loosening joints and making decks unstable. Under hot summers, they grow uncomfortably hot to walk on with barefoot.

·         On the basis of type, High density Polyethylene (HDP) and Low-density Polyethylene (LDP) have the maximum share in the global plastic decking market. HDPE is sturdy and stiff which is primarily used in residential sector whereas LDPE comprises of strength additives useful for manufacturing decking products. HDPE and LDPE collectively hold 66.6% of the total market share in the global plastic decking market.

·         North America is the largest consumer of plastic deck owing to its rapid growth of construction and infrastructural development. North accounts for 42.7% of the total market share in plastic decking market. Asia Pacific region is anticipated to be fastest growing region due to its increasing demand from construction and infrastructural development. It holds of the total market share in the global decking market.

Market Overview:

Consumers are placing a higher importance on sustainability and, as a result, are choosing items based on factors like circularity and carbon footprint. Furthermore, consumer concern about carbon emissions has prompted increased investment in renewable energy, energy efficiency, and transportation decarbonization. These developments have had considerable impact on chemical end sectors, particularly in the automobile and construction industries. COVID-19 has exacerbated the situation by lowering the automobile and construction industries (as well as many others) and disrupting current supply lines.

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The global Plastic Decking Market is segmented into:

Resin Type Outlook (Revenue, USD Billion; 2019-2030)

·         Polyvinyl Chloride

·         High-density polyethylene

·         Low-density polyethylene

·         Polyethylene

Composite Type Outlook (Revenue, USD Billion; 2019-2030)

·         Capped

·         Uncapped

Construction Type Outlook (Revenue, USD Billion; 2019-2030)

·         Repairs and remodeling

·         New decks

End-use Outlook (Revenue, USD Billion; 2019-2030)

·         Residential

·         Non-residential

Regional Outlook:

·         North America (U.S.A., Canada, Mexico)

·         Europe (Italy, U.K., Germany, France, Rest of Europe)

·         Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)

·         Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)

·         Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Key Questions Addressed in the Report:

  • What are the dominating factors that are influencing the growth of the industry?
  • In the forecast period, which market segment is expected to rise the most?
  • What are the risks and challenges that the industry is facing?
  • In the coming years, which area is projected to dominate the market?
  • Who are the major players in the market?
  • What kind of strategic business plans have they made?

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