Plastic Decking Global Market Accruals To USD 5 Billion By 2022 At ~11 % of CAGR; Confirms MRFR

Market Research Future published a half cooked research report on “Global Plastic Decking Market Research Report - Forecast to 2022” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2022.

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 are some of the prominent players at the forefront of competition in the Global Plastic Decking Market and are profiled in MRFR Analysis.

Industry - Overview

The Global Plastic Decking Market is growing with the rapid pace; mainly due to the rising construction activities. According to a recent study report published by the Market Research Future, The global market of Plastic Decking is booming and expected to gain prominence over the forecast period. The global Plastic Decking market is projected to accrual to USD 5 Billion by 2022, at ~11 % of CAGR between 2016 and 2022.  In the year 2015, the global market of Plastic Decking had valued around 2 Billion USD. Which means just in the span of 6 year, the market will be growing in a double fold.

Factors that impact the market positively and drive the growth of the market are the rapid urbanization and rising construction activities in the developing economies. Additionally, large scale investments transpired in the construction sector fosters the market growth of Plastic Decking. Moreover, Plastic Decking is gaining traction due to its wide range of advantages such as resistance to water and weather, availability in various colours shades and designs, and so on. Due to these advantages Plastic Decking is widely preferred across construction sector. Ultimately, these advantages provide impetus to the market growth of Plastic Decking. Due to these advantages Plastic Decking is replacing other composite decking product. Plastic Decking is widely used in residential and non-residential buildings.

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However, everything is not all that rosy in case of Plastic Decking. Plastic Decking has its characteristic problems. It might expand and contract in certain climates, loosening joints and making decks unstable. In hot, sunny areas, plastic decks can get very hot on the soles of the feet and actually radiate heat, making them uncomfortable. Adversely, for a virtually maintenance-free deck, Plastic Decking may be the answer. Although, negligible yet experiencing characteristic problems of plastic may hamper or restrict the market growth during the forecast period.

Plastic Decking comes from the manufacturer as a finished product. There is no need to stain, sand, or paint the material. Plastic Decking materials usually cost more than other decking materials, but their long life and low-maintenance requirements could make them more economical in the long run. Many Plastic Decking are often made partially out of recycled plastics, which makes them an environmentally friendly, efficient use of resources.

Another aspect of Plastic Decking is that the material supports DIY (Do It Yourself) activities. Many people prefer to build their dream deck themselves. Plastic Decking comes in ready to fix format, meaning, anyone with the help of installation guide provided by the manufacturer can fix or install their dream decking. Even this DIY factor boosts the market growth up to some extent.

Competitive Analysis

Players operating in the global Plastic Decking markets are focusing upon optimized situational awareness for commercial and residential customers and ensure their mission success. The Market appears to be highly competitive and diversified with the presence of large number of players having global presence. To gain the competitive edge and to sustain in the market, these players are heavily investing in R&D, global expansion, advanced technologies and product Launch. Players compete against each other based on factors such as the product quality, reliability, cost, and aftermarket services. Marketers are tapping the growing markets for expansions.

Manufactures operating in the Plastic Decking Industry strive to offer the product with extended service life, safe installation and environmental protection. Their marketing network spans the globe reinforced by strategic alliance with key international distributors. These Players invest heavily in the R&D to develop a technology that is on a completely different level compared to their competition. These Key players strive to develop products with the adept technologies, unrivalled design and features and offer the aftermarket services from scoping the area of application to planning where the furniture goes to gathering the right tools.

Some manufacturers even offer a home in realistic 3D Virtual or Augmented Reality view. With this cutting edge technology customers can personalize a house, rotate it 360 degrees, change product and colours, and more.

Segmentation

The Plastic Decking Market can be segmented in to 3 key dynamics for the convenience of the report and enhanced understanding;

Segmentation By Composite          : Comprises Capped and Uncapped and other.

Segmentation By Material             : Comprises HDPE, PP, PVC, LDPE and other.

Segmentation By End Users          : Comprises Residential and Non-Residential and other.

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Regional Analysis

Asian countries, especially India and China expected to grow fast over the forecasted period due to rising population and rising income. North-America contributes highest to the overall growth of the market due to increasing demand for low maintenance building products.

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This release was published on openPR.