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Plastic Decking Market Report
Plastic Decking Market Size, Share, Trend, Forecast, & Industry Analysis – 2021-2026
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.
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Plastic Decking Market - Snapshot |
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Growth |
10.5% for the next five years |
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Major Composite Type |
Capped Composite Decking |
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Dominant End-Use Sector Type |
Residential |
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Region with the highest demand |
North America |
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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. |
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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.
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.
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.
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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.
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Plastic Decking Market Research Report - Features |
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Market Segmentation |
5 |
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Regions Covered |
4 |
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Countries/Sub-Regions Covered |
17 |
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No. of Figures & Tables |
>150 |
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Company Profiles |
10 |
The plastic decking market is segmented into the following categories.
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Some of the major players in the plastic decking market are-
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.
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:
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
Market Segmentation
Competitive Benchmarking
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 sales@stratviewresearch.com
The plastic decking market is expected to witness an impressive growth of 10.5% CAGR in the foreseeable future.
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.
North America is expected to remain the largest 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.
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 are the factors driving the growth of plastic decking market.
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