Covid-19 Impact on Composite Decking and Railing Market to Witness Impressive Growth During 2021-2026

The Composite Decking and Railing Market report published by Stratview Research offers wide-ranging analysis of key growth strategies, drivers, opportunities, key segments, and competitive landscape, etc. This detailed study is a useful source of information for prominent market players, new entrants, investors, and stakeholders to gain a thorough understanding of the market and determine measures to be taken to gain a competitive advantage.

Some key takeaways from this report –
The report offers key drivers that trigger the growth in the Composite Decking and Railing Market. The insights mentioned in this report helps market players in formulating strategies to gain market presence or to sustain during the hard times. The research also mentions restraints of the market. Critical data on growth opportunities, current and upcoming trends are mentioned to assist market players in taking further steps by determining the potential in untapped regions.

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The research offers segment wise analysis of the Composite Decking and Railing Market. Extensive analysis of sales, revenue, growth rate, and market share of each for the historic period and the forecast period is offered with the help of tables, graphs, pie charts and more.

Composite Decking & Railing Market Share: By Type
Based on the type, the market is segmented as capped composites and uncapped composites. The composite decking & railing market is primarily governed by the capped composites segment, owing to their characteristics, such as confrontation to breakage, decomposing, development of mold & mildew, and color diminishing. Capped composites also deliver ultra-low maintenance cost and premium aesthetics against natural wood decking & railing products. They are extensively employed in the residential and non-residential applications, owing to their physical properties.

Composite Decking & Railing Market Share: By Resin Type
Based on the resin type, the market is segmented as polyethylene, polypropylene, polyvinyl chloride, and others. The polyethylene segment accounts for the largest market share of the global composite decking & railing market. Polyethylene resin has elevated strength and sturdiness, which is suitable for residential application, necessitating joist 16 inch on center. The polypropylene segment is estimated to be the fastest- growing resin type during the forecast period. They confront thermal expansion & contraction, enabling them to be suitable in the manufacturing of composite decking & railing in elevated temperature regions.

Composite Decking & Railing Market Share: By Application Type
Based on the application type, the market is segmented as residential and non-residential sectors. The non-residential application segment is estimated to be the faster-growing segment during the forecast period. The characteristics presented by composite decking & railing, such as confrontation to thermal expansion and contraction when uncovered to sunlight, resistance to splinter & rot and likewise, are beneficial in application areas, such as marinas, docks, patios, pool areas, hotels and resorts.

Composite Decking & Railing Market Share: By Region
In terms of regions, presently, North America is the largest consumer of composite decking & railing. The U.S., Germany, and China are the growth engines of the market. The Middle Eastern region within the RoW region is expected to depict the highest growth during the forecast period. The market is driven by the growth of the construction industry and the ameliorating financial condition in the region which has triggered an increase in the demand for composite decking & railing.

Key Players
The following are the key players in the Composite Decking and Railing Market-
• Axion International, Inc.
• Advanced Environmental Recycling Technologies, Inc. (AERT)
• Fiberon LLC
• Green Bay Decking, LLC
• Integrity Composites LLC
• Tamko Building Products, Inc.
• Timbertech
• UPM Biocomposites
• Universal Forest Products, Inc. (UFPI)

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This release was published on openPR.