Plastic Decking Market – Market Overview
Composite decking sometimes also referred to as plastic decking and WPC decking is decking that is usually made out of a composition of wood and plastic, there are also different varieties such as decking made purely out of plastic. This plastic content gives the deck boards a very long lifespan without the need to treat or seal the decking over its life, the decking has on average a 1% water absorption rate. While the wood content allows the decking to retain that wonderful tactile feeling you get when touching wood.
Plastic decking market is expected to reach USD 8.52 Billion by 2027, at a CAGR of 10.47%.
Wood is the original and traditional material used for decks. A deck can last anywhere from 10 to 30 years if made from untreated wood and can last as long as 50 years for treated wood or composite materials. Plastic decking is stain resistant and wont crack or splinter. It doesn’t require any finishing. Some plastic decking is made from new plastic, whereas others are partially or completely recycled. Composite decking is an environmentally friendly lumber alternative that combines plastic and wood fiber. Although the installation price for a composite is definitely going to be more than wood, the actual cost over time is a good deal closer. This is because wood decks require more maintenance.
Gaining in popularity are composite decking materials, composed primarily of a mix of recycled plastic and wood fibers. The plastic decking market is projected to witness significant growth in the next few years with the increasing demand for new constructions all over the world in industrial and infrastructure sectors and development of innovative products in the decking market are some of the factors driving the growth of the plastic decking market. Moreover, increasing plastic decking demand in residential segment, developments of innovative products, large-scale investments in the industrial and infrastructure sectors are the further key drivers of the market.
Accrediting the colossal growth the Plastic decking market is witnessing currently and the potential the market is demonstrating to accrue pervasively further in the years to come; the Market Research Future has recently published a meticulous study report giving out the complete market insight up till 2023. According to which, continuing with the same trends the global Plastic decking market is projected to perceive an outstanding growth by 2022 registering a striking CAGR during the anticipated period (2017 – 2022).
UPM Kymmene Corporation, Universal Forest Products, Inc., Advanced Environmental Recycling Technologies, Inc., Azek Building Products Inc, Fiberon LLC, Cardinal Building Products, TAMKO Building Products, Inc., CertainTeed Corporation, Green Bay Decking, LLC and DuraLife Decking & Railing Systems are some of the prominent players at the forefront of competition in the global plastic decking market and are profiled in MRFR Analysis.
Plastic decking Market – Competitive Analysis
Plastic decking Market appears to be highly fragmented and competitive owning to the presence of numerous large and small players active in regional market. The key strategies traced from the analysis of recent developments of the key players include Product Launch, Agreement & Partnership, Acquisition and expansion. Strategic partnerships between Key players support the growth and expansion plans of the key players during the forecast period. On the product and sales side, companies are investing in innovation/R&D, brand building, and fostering strong relationships with customers to support their competitive position.
Industry/ Innovation/ Related News:
March 16, 2017: Advanced Environmental Recycling Technologies, Inc., entered into agreement to be acquired by Oldcastle Architectural, Inc. for total cash consideration of USD 117 million.
Sept. 29, 2016: TAMKO Building Products, Inc. launched a new logo for its Envision composite decking line which creates a new visual identity for the brand.
March 28, 2017: TAMKO Building Products, Inc. announced a new agreement with Guardian Building Products (GBP) to distribute envision decking in the Eastern U.S.
Plastic decking Market – Segments
For the convenience of the report and enhanced understanding; The Plastic decking Market is segmented in to 4key dynamics
Segmentation By Material - HDPE, PP, PVC, LDPE and others
Segmentation By Composite - Capped and Uncapped
Segmentation by End-Use - Residential and Non-Residential
Segmentation by Regions- Comprises Geographical regions - North America, Europe, APAC and Rest of the World.
Plastic decking Market – Regional Analysis
The global Plastic decking market is segmented into North America, Europe, Asia Pacific, and rest of the world (RoW). Asia-Pacific market accounted for the largest share in the total market of plastic decking, in terms of value, followed by Europe and North America. However, as the construction market in developed countries is maturing, markets in developing countries such as China, India, Russia, South Africa, and countries in the Middle East are projected to grow at the highest rate from 2016 to 2021. China is projected to grow faster than any other country-level market, owing to the high population in the country, along with expected new building constructions and infrastructural activities in the forecasted period.
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