Plastic Decking Market Size Worth USD 12.92 Billion in 2032 | Emergen Research

The global plastic decking market size was USD 4.79 Billion in 2022 and is expected to register a revenue CAGR of 10.7% during the forecast period. The global plastic decking market is witnessing significant growth, driven by various factors such as the increasing demand for modern constructions, rapid industrialization, and urbanization worldwide. A recent market research report highlights the rising adoption of sustainable and eco-friendly decking materials, along with the preference for customized and aesthetically appealing decking solutions.

Plastic decking, made from virgin or recycled plastic and additives, offers substantial benefits for residents seeking low-cost and durable outdoor decking materials. The market is characterized by various resin types, including polyvinyl chloride (PVC), high-density polyethylene (HDPE), low-density polyethylene (LDPE), and polypropylene.

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Market Drivers:

The surge in demand for modern constructions, especially outdoor living spaces and backyard renovations, is a significant driver for market revenue growth. The global construction industry is experiencing consistent expansion, with forecasts suggesting a substantial increase in revenue by 2030. Plastic decking emerges as an indispensable material in this scenario due to its exceptional durability and low maintenance properties.

Partnerships Driving Growth:

Key players in the plastic decking market are witnessing a surge in orders and sales volumes. For instance, Huttig Building Products recently established a distribution collaboration with Fiberon, aimed at supporting the latter's expansion in the outdoor living sector. Such partnerships are instrumental in meeting the growing demand for innovative decking solutions.

Market Restraints:

However, the market faces challenges such as volatile raw material costs and the availability of substitutes. The complex production process and stringent quality control measures contribute to higher operational expenses, leading to pricing difficulties. This prompts potential buyers to explore more cost-effective alternatives, restraining market revenue growth.

Segment Insights:

• Plastic Decking Resin Types: Polyvinyl chloride (PVC) emerges as the dominant segment due to its durability and chemical resistance, making it suitable for various applications in buildings, transport, and electrical sectors.

• Plastic Decking Composite: Capped plastic decking holds the largest market share, driven by its potential for increased production yields and ease of installation.

• Plastic Decking Construction: New decks on new houses account for the largest market share, owing to the growing adoption of plastic decking in new residential constructions.

• Plastic Decking End-Use: The residential segment is expected to register significant growth, fueled by consumers' increasing spending on home renovations and the preference for low-maintenance, high-quality decking materials.

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Plastic Decking Top Companies and Competitive Landscape

The global plastic decking market is fragmented, with large and medium-sized players accounting for the majority of market revenue. Major players are deploying various strategies, entering into mergers & acquisitions, strategic agreements & contracts, developing, testing, and introducing more effective high purity aluminum.

• Advanced Environmetal Recycling Technologies Inc.
• Ecospace UK Ltd
• Changxing Hanming Technology Co.
• Duralife Decking and Railing Systems
• Fiberon
• Cardinal Building Products
• CertainTeed
• UPM Kymene Corporation
• Vycom
• UFP Industries Inc.
• Tamko Building Products Ltd.
• Green Bay Decking LLC
• Trex Company Inc.
• The Azek Company Inc.
• London Decking Company Limited

Plastic Decking Latest Industry News

• On 17 November 2023, AZEK, a leading manufacturer of outdoor living products known for their low-maintenance and eco-friendly features, unveils a range of new offerings from its TimberTech, AZEK Exteriors, and StruXure brands. This includes the introduction of an inventive aluminum framing product, fresh decking and porch color options, an expanded selection of railing choices, a novel siding product, and the availability of a modular design for the Cabana X model.

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Plastic Decking Market Segment Analysis

For the purpose of this report, Emergen Research has segmented global plastic decking market on the basis of resin type, composite, construction, end-use, and region:

• Resin Type Outlook (Revenue, USD Billion; 2019-2032)
o Polyvinyl chloride
o High-density polyethylene
o Low-density polyethylene
o Polypropylene

• Composite Outlook (Revenue, USD Billion; 2019-2032)
o Capped
o Uncapped

• Construction Outlook (Revenue, USD Billion; 2019-2032)
o Repairs and Remodeling
o New decks on Existing houses
o New decks on New houses

• End-Use Outlook (Revenue, USD Billion; 2019-2032)
o Residential
o Non-Residential

• Regional Outlook (Revenue, USD Billion; 2019-2032)
o North America
1. U.S.
2. Canada
3. Mexico
o Europe
1. Germany
2. France
3. U.K.
4. Italy
5. Spain
6. Benelux
7. Rest of Europe
o Asia Pacific
1. China
2. India
3. Japan
4. South Korea
5. Rest of APAC
o Latin America
1. Brazil
2. Rest of LATAM
o Middle East & Africa
1. Saudi Arabia
2. UAE
3. South Africa
4. Turkey
5. Rest of MEA

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