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    Plastic Decking Market | Covid-19 Impact Analysis

    Plastic Decking Market | Covid-19 Impact Analysis

    Plastic Decking Market | Covid-19 Impact Analysis
    Report code - SRCE230 Delivery - 2 Weeks
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    Plastic Decking Market Size, Share, Trend, Forecast, & Industry Analysis – 2021- See more...
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    Impact of COVID-19 on Plastic Decking Market

    Covid-19 has impacted the market dynamics, competition, and global...

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    Impact of COVID-19 on Plastic Decking Market

    Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Plastic Decking Market Insights

    Plastic decking market is likely to witness an impressive CAGR of 10.5% during the forecast period. The prime factor that is contributing to the demand for plastic decking is mainly the increasing demand for new constructions across the world, due to rapid urbanization and industrialization with enormous investments being made in the industrial and infrastructure sectors, rising construction activities in emerging economies, and development of innovative products.

    Plastic Decking Market - Snapshot

    Growth

    10.5% for the next five years

    Major Composite Type

    Capped Composite Decking

    Dominant End-Use Sector Type

    Residential

    Region with the highest demand

    North America

    Key Players

    UPM Kymmene Corporation, Universal Forest Products, Inc., Advanced Environmental Recycling Technologies, Inc., Fiberon, LLC, Azek Building Products, Inc., Cardinal Building Products, Certainteed Corporation, Duralife Decking and Railing Systems, Green Bay Decking, LLC, and Tamko Building Products, Inc.

     

    Market Share Analysis

    Plastic-Decking-Market-Dominant-Segments

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    Plastic Decking Market Share: By Composite Type

    Based on the composite type, the market is segmented as capped composite decking and uncapped composite decking. The capped composite decking segment held the larger share of the market in 2019, and is expected to remain dominant during the forecast period. The extensive use of capped composites is in the residential and non-residential buildings, due to their various physical properties such as resistance to splintering, rotting, growth of mold & mildew, and color fading. Further, these composites have low maintenance cost and superior aesthetics as compared to natural wood decking products. These are the factors fueling the growth of the segment.

    Plastic Decking Market Share: By End-Use Sector Type

    Based on the end-use sector type, the plastic decking market is segmented as residential and non-residential. The residential segment dominates the market, due to rising disposable incomes of the urban population, which is simulating the construction of new buildings in urban regions. 

    Plastic Decking Market Share: By Region

    In terms of regions, North America is estimated to be the largest plastic decking market during the forecast period, with the USA and Germany being the major countries with lucrative growth opportunities. The Middle Eastern market in the RoW region is expected to be the fastest-growing market over the forecast period. The growth of the market is driven by increasing construction of residential and non-residential buildings, growing population, economic development, and the presence of a large number of plastic decking manufacturers in the region. Europe and Asia-Pacific are also expected to offer substantial growth opportunities during the forecast period.

    Plastic-Decking-Market-By-Region

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    Some of the major players in the plastic decking market are-

    • UPM Kymmene Corporation
    • Universal Forest Products, Inc.
    • Advanced Environmental Recycling Technologies, Inc.
    • Azek Building Products, Inc.
    • Fiberon LLC.

     

    Market Scope & Segmentation

    Plastic decking is formulated from recycled plastic materials or new plastics and does not require any filler material. It possesses various properties, such as low thermal expansion, resistance to slip and color fading, and low maintenance cost.

    Plastic deckings are of different composite types, such as capped and uncapped composite decking, that are used in various end-use sectors, such as residential and non-residential buildings.

    This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

    Plastic Decking Market Research Report - Features

    Market Segmentation

    5

    Regions Covered

    4

    Countries/Sub-Regions Covered

    17

    No. of Figures & Tables

    >150

    Company Profiles

    10

     

    The plastic decking market is segmented into the following categories. 

    Plastic Decking Market Size, Share, & Forecast, by Resin Type:

    • High-Density Polyethylene (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Low-Density Polyethylene (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Polyvinyl Chloride (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Polypropylene (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Plastic Decking Market Size, Share, & Forecast, by Composite Type:

    • Capped Composite Decking (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Uncapped Composite Decking (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Plastic Decking Market Size, Share, & Forecast, by Type of Construction:

    • Repairs and Remodeling (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • New Decks on Existing Houses (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • New Decks on New Houses (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Plastic Decking Market Size, Share, & Forecast, by End-Use Sector Type:

    • Residential (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Non-Residential (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Plastic Decking Market Size, Share, & Forecast, by Region:

    • North America (Country Analysis: the USA, Canada, and Mexico) 
    • Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

    Plastic-Decking-Market-Segmentation

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    Research Methodology

    This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

     

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
    • Market trend and forecast analysis
    • Market segment trend and forecast
    • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
    • Attractive market segments and associated growth opportunities
    • Emerging trends
    • Strategic growth opportunities for the existing and new players
    • Key success factors

     

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Market Segmentation

    • Current market segmentation of any one of the composite types by end-use sector type.  

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected]

     


    Frequently Asked Questions (FAQs)

    What will be the growth of Plastic Decking Market in the foreseeable future?

    The plastic decking market is expected to witness an impressive growth of 10.5% CAGR in the foreseeable future.

    Who are the key players in the Plastic Decking Market?

    UPM Kymmene Corporation, Universal Forest Products, Inc., Advanced Environmental Recycling Technologies, Inc., Azek Building Products, Inc., and Fiberon LLC are among the key players in the plastic decking market.

    Which region is expected to remain the largest Plastic Decking Market?

    North America is expected to remain the largest plastic decking market during the next five years.

    Which composite type is expected to remain dominant in the Plastic Decking Market?

    The capped composite decking segment is expected to remain dominant in the composites decking market in the coming years.

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