Plastic Decking Market Analysis | 2023-2028

Plastic Decking Market Analysis | 2023-2028

Plastic Decking Market Analysis | 2023-2028
Report code - SRCE230 Delivery - 2 Weeks
Plastic Decking Market Size, Share, Trend, Forecast & Industry Analysis: 2023-202 See more...

Market Insights

The Plastic Decking Market was estimated at US$ 8.91 billion in 2022 and is expected to grow at a CAGR of 10.6% during 2023-2028 to reach US$ 16.4 billion by 2028.

Wish to get a free sample? Register Here

What is Plastic Decking?

Plastic decking refers to a type of outdoor decking material made primarily from recycled or virgin plastic materials. It is designed as an alternative to traditional wood decking, offering durability, low maintenance, and resistance to rot, decay, and insects. Plastic decking is available in various forms, including composite decking, which combines plastic with wood fibers, and fully synthetic options. The material is known for its longevity, color retention, and ability to withstand harsh weather conditions.

Plastic decking has gained popularity for its eco-friendly aspects, as it often incorporates recycled plastics, reducing the environmental impact associated with traditional decking materials.

Market Drivers

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.

Segments Analysis

Plastic-Decking-Market-Dominant-Segments

Want to get more details about the segmentations? Register Here

By Composite Type

The market is segmented into capped composite decking and uncapped composite decking. The capped composite decking segment held the larger share of the market and is expected to remain dominant during the forecast period. The extensive use of capped composites is in 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 costs and superior aesthetics as compared to natural wood decking products. These are the factors fueling the growth of the segment.

By End-Use Sector Type

The plastic decking market is segmented into 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. 

Regional Analysis

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 Rest of the World region is expected to be the fastest-growing market over the forecast period. The growth of the market is driven by the 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.

Want to know which region offers the best growth opportunities? Register Here

Key Players

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

Research Methodology

This report offers high-quality insights and is the outcome of a 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 books, press releases, journals, investor presentations, 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 qualitative and quantitative insights.

Report Features

This report provides market intelligence most comprehensively. 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.

What Deliverables Will You Get in this Report?

Key questions this report answers

Relevant contents in the report

How big is the sales opportunity?

In-depth Analysis of the Plastic Decking Market

How lucrative is the future?

The market forecast and trend data and emerging trends

Which regions offer the best sales opportunities?

Global, regional, and country-level historical data and forecasts

Which are the most attractive market segments?

Market Segment Analysis and Forecast

Who are the top players and their market positioning?

Competitive landscape analysis, Market share analysis

How complex is the business environment?

Porter’s five forces analysis, PEST analysis, Life cycle analysis

What are the factors affecting the market?

Drivers & challenges

Will I get the information on my specific requirements?

10% free customization

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 product types by application 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 to sales@stratviewresearch.com

Frequently Asked Questions (FAQs)

The Plastic Decking Market is expected to grow at a CAGR of 10.6% during 2023-2028.

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.

The Plastic Decking Market is expected to reach US$ 16.4 billion by 2028.

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

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

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.