Rolled Vinyl Decking Market to surpass $11.0 billion by 2030 | Industry Share, Size, Global Value, Key Players and Region Analysis

Allied Market Research Says, Rolled vinyl decking market is expected to expand $11.0 billion by 2030, and registering at 9.9% CAGR from 2021 to 2030. The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter's Five Forces analysis, and competitive landscape. This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain thorough understanding of the industry and determine steps to be taken to gain competitive advantage.

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By region, Asia-Pacific held the highest share in 2020, contributing to more than two-fifths of the total market, and is expected to continue its dominance by 2030. Moreover, this segment is projected to maintainthe fastest CAGR of 10.6% during the forecast period.

Increase in renovation projects and demand for superior properties of vinyl-based products, rapid growth in commercial real estate, and properties of rolled vinyl deckinglike water resistance and thermal resistance fuel the growth of the global Rolled Vinyl Decking market. However, the stringent regulations on vinyl-based compounds restrain the market growth. Contrarily, increase in the number of homeowners and rise in residential buildings present new opportunities in the next few years.

By application, the roof decks segment contributed to the highest share in 2020, accounting for more than one-fourth of the total market share, and is expected to maintain its lead during the forecast period. However, the floating deck systems segment is projected to witness the highest CAGR of 10.6 % from 2021 to 2030.

Based on end use, the residential segment contributed to the highest share in 2020, accounting for more than half of the global rolled vinyl decking market and is projected to maintain its leadership status during the forecast period. However, the industrial segment is projected to witness the highest CAGR of 10.6% from 2021 to 2030.

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Leading players of the global rolled vinyl decking market analyzed in the research includeBradbury Co., Inc, Weatherdek, Dec-Tec, Tufdek, Armor decking, Duradek, Dec-k-ing, DekSmart, and Intelli Deck.

BY APPLICATION:

Sun decks
Porches & patios
Roof decks
Floating Deck Systems
Others

BY END USE:

Residential
Commercial
Industrial

Browse Full Report Summary: https://www.alliedmarketresearch.com/rolled-vinyl-decking-market-A14969

Covid-19 Scenario:

The government imposed lockdown in response to the Covid-19 pandemic has halted construction activity, delayed new construction projects and home renovations during the initial phase.

However, consumers are willing to invest in basic products and services due to the worldwide economic crisis caused by the pandemic.

The disrupted construction activities and supply chain, increased fluctuation in the market price of petroleum feedstock, and decline in demand for vinyl decking in the construction industry severely affected the market.

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