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The Growth In Residential Construction Is Fueling The Growth Of The Market Due To Increasing Housing Demand And The Need For Durable Outdoor Building Materials: Powering Innovation and Expansion in the Plastic Decking Market by 2025
Plastic Decking
What Is the Expected CAGR for the Plastic Decking Market Through 2025?
The size of the plastic decking market has seen a swift expansion in recent times. The market is predicted to swell from a worth of $5.86 billion in 2024 to an estimated $6.50 billion in 2025, marking a compound annual growth rate (CAGR) of 11.0%. The substantial growth witnessed in the past can be credited to factors such as the growing allure of outdoor living spaces, increased adoption in commercial settings, an uptick in renovation and remodeling ventures, enhanced accessibility of superior composite materials, and its rising cost-effectiveness in comparison to conventional wood.
What's the Projected Size of the Global Plastic Decking Market by 2029?
Over the next several years, the plastic decking market is anticipated to experience swift expansion. The valuation is projected to hit $9.74 billion by 2029, with a compound annual growth rate (CAGR) of 10.6%. This upward trend during the period is linked to the growing emphasis on eco-friendly building methods, escalating urbanization and residential developments, expanding investments in infrastructure projects, increasing need for visually attractive outdoor solutions, and revolutionary improvements in recyclable plastic materials. The forecast phase will also see trends such as advancement in co-extrusion technology, the emergence of fire-resistant plastic decking, innovation in textured surface finishes, progression in ultraviolet-resistant materials, and the creation of customizable color and design choices.
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Top Growth Drivers in the Plastic Decking Industry: What's Accelerating the Market?
The upswing in the construction of residences is projected to spur the advancement of the plastic decking market. Essentially, residential construction encompasses the creation of dwellings such as single-family homes, apartments, and condos. The escalating urban population and the consequent upsurge in housing demand, as well as the need for expanding residential infrastructure to fulfill people's need for shelter, are propelling growth in this sector. Plastic decking aids residential construction by offering a durable, low-upkeep solution that can endure adverse weather conditions. It is immune to decay, pest infestation, and color fading, making it ideal for outdoor settings. For example, data from the United States Census Bureau, a US governmental institution, in June 2024 showed that there was an annual increase of 1.0% in the seasonally adjusted rate of privately-owned housing completion in May, reaching 1,514,000 compared to 1,499,000 in May 2023. As such, the expansion in residential construction activity is fuelling the growth of the plastic decking market.
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What Trends Will Shape the Plastic Decking Market Through 2029 and Beyond?
Leading corporations in the plastic decking industry are focusing on adopting innovative technologies such as polymethyl methacrylate to improve aesthetic appeal, longevity, and lessen environmental impact. Polymethyl methacrylate (PMMA) technology is a sophisticated thermoplastic material recognized for its excellent clarity, robustness, and resistance to UV light, weathering, and impact. For example, Talasey Ltd., a landscaping solutions firm based in the UK, rolled out the Pioneer - a new generation composite decking line utilizing PMMA technology, originally sourced from high-performance sectors like aerospace, in May 2025. The Pioneer line exhibits 4K high-definition wood imagery, allowing an ultra-accurate reproduction of natural wood grain and texture, resulting in a genuine hardwood look. Besides its aesthetic appeal, the product offers numerous advantages such as enhanced durability, slip resistance, minimal maintenance, and speedy installation.
What Are the Main Segments in the Plastic Decking Market?
The plastic decking market covered in this report is segmented -
1) By Type: Capped Composite, Uncapped Composite
2) By Resin Type: Polyvinyl Chloride, High-Density Polyethylene, Low-Density Polyethylene, Polyethylene
3) By Application: Residential, Non-residential
4) By End-Use: Building And Construction, Marine, Industrial, Other End-Uses
Subsegments:
1) By Capped Composite: High-Density Polyethylene Capped Composite, Polyvinyl Chloride Capped Composite, Other Resin-Based Capped Composites
2) By Uncapped Composite: High-Density Polyethylene Uncapped Composite, Low-Density Polyethylene Uncapped Composite, Polypropylene Uncapped Composite
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Which Top Companies are Driving Growth in the Plastic Decking Market?
Major companies operating in the plastic decking market are Trex Company Inc., Barrette Outdoor Living Inc., Deckorators Inc., Fiberon LLC, Cali-Bamboo Inc., Fortress Building Products Inc., MoistureShield Inc., DecksDirect.com LLC, Wolf Home Products Inc., Modwood Pty Ltd, Envirobuild Limited, DuraDek Inc., Eva-Last Americas Inc., Brazilian Lumber Inc., Geolam Inc., Lumberock Technologies Corp., MasterDecks LLC, Changxing Hanming Technology Co, Evergreen Decking Inc., HOHEcotech.
Which Regions Will Dominate the Plastic Decking Market Through 2029?
North America was the largest region in the plastic decking market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the plastic decking market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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