The North American region has witnessed an exceptional increase in the penetration of composites in the applications of decks and railings over the years. North America has an installed base of 40 million wood decks, creating plenty of room for composite decks to further penetrate the region’s market. Also, there has been increasing demand for home goods and remodeling with residents are interested in do-it-yourself (DIY) and outdoor living projects. In addition to that, the demand for sustainable materials will drive the composite decks and railings market.
Unlike other construction markets, where the sudden outburst of the pandemic collapsed the demand across regions, here, in the composite deck and railings market, manufacturers represented uncharted territory with over 9.0% growth in 2020. The region’s market registered a decline in the first two quarters and marked excellent recovery in the next two quarters. In the long term, the North American market for composite decks and railings is subjected to grow at a healthy CAGR of 5.9% over the next five years to reach US$ 2.7 billion by 2026.
_23661.jpg "North American Composite Decks and Railings Market Graphical Representation")
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