Global Plastic Decking Market Research Report - Forecast to 2030

Plastic Decking Market Information by Material (HDPE, PP, PVC, LDPE and others), by Composite (Capped and Uncapped), by End-Use (Residential and Non-Residential) and Region - Forecast to 2027

ID: MRFR/CO/1340-HCR | December 2022 | Region: Global | 130 Pages         

Plastic Decking Market

Plastic Decking Market is projected to be worth USD 8.52 Billion by 2027, registering a CAGR of 10.47% during the forecast period (2020 - 2027).

Segmentation

Material HDPE PP PVC LDPE
Composite Capped Uncapped
End-User Residential Non-Residential

Key Players

  • DuraLife Decking & Railing Systems
  • UPM Kymmene Corporation
  • Green Bay Decking
  • Universal Forest Products
  • Advanced Environmental Recycling Technologies
  • Green Bay Decking
  • Fiberon LLC
  • Cardinal Building Product
  • TAMKO Building Products

Drivers

  • The product variation in the plastic decking market is the crucial driver for the market.
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Plastic Decking Market Overview 


Plastic decking market size is expected to cross USD 8.52 Billion at a CAGR of approximately 10.47% by 2027. Plastic decking is an elevated flat surface constructed for décor furnaces made from recycled plastic. In addition, these materials are highly resistant to moisture and humidity, which elevates their purpose in building and construction.


Plastic decking is primarily formulated from recycled plastic material that does not require any filler material. Meanwhile, it has become highly popular in the construction industry for crafting residential deck boards, window lineal, door components, fencing, and sliding assuring durability. 


Some unique perceived benefits of plastic decking are that they are stain-resistant and do not require finishing or high maintenance. Also, they are unaffected by breaking down into sharp fragments and remain in good shape for longer. They are resistant to moisture and preserve the original colour.


The plastic decking market widely occupies the market of Asia Pacific, North America, and Europe. The demand for plastic decking in hotels, buildings, and other construction sites is high to promote tourism and enhance the beauty of the sight. Also, the low maintenance quality of plastic decking has immensely grown in popularity and demand.


Plastic decking is obtained from the plastic material recycling process. However, there is a need to be a permanent solution for the existence and production of plastic decking. Also, there is a need to invest more in the plastic decking market as the key players will make plenty of product development measures shortly. 


Covid analysis 


The covid 19 challenges are different for every global market. Due to the pandemic, there are several restrictions in the plastic decking market. Since the start of covid 19, the demand for the product started to decline. However, manufacturing will gradually resume in the upcoming years. The supply chain of the plastic decking market is experiencing disruptions from distributors and suppliers. As per the plastic decking market analysis, plastic decking will witness growth from next year. It will ultimately lead to exceptional plastic decking market trends in the forecast period 2022. The construction industry is facing plenty of restraints. It is another factor that negatively impacts the plastic decking market. 


Regional analysis 


The plastic decking market is diversified into Asia Pacific, North America and Europe. North America will outgrow the other plastic decking market in the forecast period. Europe is another vast market that has plenty of construction requirements. the use of plastic decking in hotels, building and other construction sites is high. Also, the low maintenance quality of the plastic decking rise demand in this region. Market outlook in Asia pacific is exceptional. Asia pacific has tremendous demand for plastic decking.


The growth in infrastructural development is causing high demand in this region. Furthermore, as the cost of plastic decking is reasonable the end-users make the demand in large quantities. Middles east are another plastic decking market that has massive demand. The construction and industrialization are fuelling the plastic decking market growth in this region. During the forecast period, these regions will be key contributors to the global market. 


Competitive landscape 


The plastic decking is less competitive. However, it is a low investment market with high profitability. During the forecast period, the key players are expanding the market portfolio and creating more product awareness. Also, plastic decking market analysis suggests that the competition will reach a peak in the forecast period. All these strategies will fuel market growth. 


The key players of the plastic decking market are 



  1. DuraLife Decking & Railing Systems 

  2. UPM Kymmene Corporation

  3. Green Bay Decking 

  4. Universal Forest Products

  5. Advanced Environmental Recycling Technologies

  6. Fiberon LLC

  7. Cardinal Building Product

  8. TAMKO Building Products


Plastic decking is formulated from the process of plastic material recycling. The plastic decking process is crucial for plenty of applications. They are a part of the construction industry. It is used majorly for crafting, decking board’s door, fencing, sliding and much more. The plastic decking can offer durability on the back of any item used for construction. The plastic decking market has plenty of product segments. Also, the HDPE segment of the market receives the highest demand in the forecast period. The HDPE comes with high durability and stiffness features.


Plastic decking is used in both residential and non-residential construction work. Further, there are both capped composites and uncapped composites available in the plastic decking. The plastic decking can offer exceptional coating to any material during the building process. The plastic decking industry is witnessing more popularity in recent times. The global plastic decking market size was valued at around USD 2 Billion in 2015 and is expected to cross USD 5 Billion at CAGR of approximately 11% by 2022. The market has excellent growth potential due to their massive requirement in the construction industry. The urbanization and other construction projects in the upcoming years will continue to fuel the plastic decking market. 


Market dynamics 



  • Crucial market drivers 


The product variation in the plastic decking market is the crucial driver for the market. The plastic decking is available in PVC, PP, LDPE, and HDPE. This plastic decking comes with exceptional resistance and durability. The product variation is a crucial driver for the plastic decking market. Also, there are capped and uncapped plastic composites that are highly useful in the construction industry. The capped plastic decking is used as a UV coating.


Also, it is used in plenty of items such as wood hat will, not fade rot. These varieties and features of plastic decking are useful in plenty of applications. These crucial drivers escalate the demand for plastic decking in the forecast year. Additionally, plastic decking has plenty of other high-end benefits. It comes with stain resistance properties. It is possible to use plastic decking without any finishing or maintenance. Due to these many benefits, plastic decking market size growth will continue in the forecast period. 



  • Market growth opportunities 


The plastic decking products are low cost and low maintenance. It is a crucial benefit of the product that offers plenty of market growth opportunities. In the upcoming years, industrialization will rise massively. The need to manufacture and produce industrial items will be enormous. During all these processes the plastic decking will be used. Also, the properties of the plastic decking are suitable for any industrial purpose.


The low-cost feature is the vital reason for the use of plastic decking in the industrial sector. Furthermore, the rising population results in more building construction. In the upcoming years, the construction industry will witness high demand. It will ultimately benefit the plastic decking market. The plastic decking is used in wood, construction site or more construction equipment. The low maintenance feature makes it suitable to use in the construction industry. The plastic decking will also be used in marinas, hotels and resorts. All these aspects provide exceptional growth opportunity for the market. 



  • The market restraints 


The plastic decks are stable or unstable depending upon the climatic condition. The product is highly dependent on external factors. The possibilities plastic decking melting is high in heat. The product can lose its shape and can become unstable. This disadvantage of the product is a restrain to the market. Most of the industries purchase plastic decking due to their durable support to other equipment.


However, the easy melting or unstable property of the plastic decking can be a loss for the investors. Due to this, some of the industries remain hesitant about the use of plastic decking. All these factors can have a declining impact on the market demand. Due to this prediction limitation, plastic decking is considered as an raw material wastage in many industries. 



  • The market challenges 


The R&D in the plastic decking industry is less. The plastic decking can be used for high-end purposes with exceptional research. There are plenty of development possibilities in the product. However, the industry receives fewer investments in research and development. It is a significant challenge in the market. The lack of product development can cause stagnant demand and less market expansion rates. In the long run, there will be other excellent alternatives for plastic decking. This is a serious threat to the market that can slow down the demand and profitability. 



  • Cumulative growth analysis 


The growth rate of the plastic decking market looks stable. The market growth is moderate and it will continue till the forecast period. The market has both exceptional development opportunities and serious limitations. Amidst the limitations, the market growth looks positive.


In the upcoming years, the adoption rate of plastic decking will be substantial. However, there is a need to fix product instabilities such as plastic losing and melting in the heat. Also, there is a need to make more investment in the plastic decking market. The key players of the market are making plenty of product development measures in the forecast. Moreover, the overall plastic decking growth analysis shows a surging figure. 



  • Value chain analysis 


North America holds the highest plastic decking market share. Also, North America is known for its booming industrial and construction industry. The market has massive spending power. Also, investing in plastic decking is a cost-efficient aspect in the region. Therefore, this region witnesses massive demand for the plastic decking market. Also, the well-established market players offer exceptional quality plastic decking to the industries. This region will witness High plastic decking market revenue rate. The growth opportunities and R&D investment are higher in this region. 


Segment overview 


By plastic resin type 



  • PVC

  • HDPE

  • PP

  • LDPE


By composite 



  • Uncapped composite 

  • Capped composite 


By construction type 



  • Modelling and repairs 

  • Decking on new houses 

  • Deckings of old houses 


By sector 



  • Residential 

  • Non-residential 


By end-users 



  • Industries 

  • Raw materials providers 

  • Government research instructions 

  • Plastic decking distributors


Recent Developments 


The key players in the market are launching plastic decking with UV inhibitors, a new product that can solve the plastic from melting issues. These plastic decking will be highly resistant to UV rays and heat, which will offer more durability and resistance to the product, increasing the life span of the decking.


The plastic decking is durable, affordable, and numerous environment-friendly behaviour may soon conquer the market. 


Report overview 



  1. Market overview highlights 

  2. Analysis based upon COVID 19

  3. Explanation upon the Market Dynamics

  4. Value chain analysis

  5. Market segmentation overview

  6. The regional analysis

  7. Competitive landscape analysis

  8. Recent Developments



Report Scope:

Report Attribute/Metric Details
  Market Size   2027 : USD 8.52 Billion
  CAGR   10.47% CAGR (2022-2027)
  Base Year   2021
  Forecast Period    2022 to 2030
  Historical Data   2019 & 2020
  Forecast Units   Value (USD Billion)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   By technology, capacity type and by applications
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   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.
  Key Market Opportunities

  • Rapid urbanization
  • Rising construction activities
  •   Key Market Drivers   Low maintenance building products


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    Frequently Asked Questions (FAQ) :

    The growth rate of the plastic decking market is estimated at 10.47% for the forecast period 2027

    The key players of the plastic decking market are DuraLife Decking & Railing Systems, UPM Kymmene Corporation, Green Bay Decking, Universal Forest Products, Advanced Environmental Recycling Technologies, Green Bay Decking, Fiberon LLC, Cardinal Building Product and TAMKO Building Products.

    Asia-Pacific market accounted for the largest share in the total market of plastic decking,

    Plastic Decking Market is projected to be worth USD 8.52 Billion by 2027