The Plastic Decking Market is segmented by Resin Type (High-Density Polyethylene, Low-Density Polyethylene, Polyvinyl Chloride, Polypropylene, and Others), by Composite Type (Capped Composite Decking, Uncapped Composite Decking), by Type of Construction (Repairs and Remodeling, New Decks on Existing Houses, and New Decks on New Houses), by End-Use Sector Type (Residential, Non-Residential), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).
The Plastic Decking Market is segmented by Resin Type (High-Density Polyethylene, Low-Density Polyethylene, Polyvinyl Chloride, Polypropylene, and Others), by Composite Type (Capped Composite Decking, Uncapped Composite Decking), by Type of Construction ...
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.
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
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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.
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Key Players
Some of the major players in the plastic decking market are-
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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?
Porter’s five forces analysis, PEST analysis, Life cycle analysis
What are the factors affecting the market?
Drivers & challenges
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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 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.