According to the current analysis of Reports and Data, the Global Plastic Decking Market was valued at USD 4,454.9 Million in 2020 and is expected to reach USD 9,663.9 Million by year 2028, at a CAGR of 10.82 %. The study covers various features and types of Global Plastic Decking. Global Plastic Decking is an elevated flat surface construction used in building facades made from recycled plastic material. It is highly resistant and requires low maintenance to enhance the aesthetic value and quality of the deck. Further, these materials are also resistant to moisture and humidity, which increase its demand in construction sector. The global Global Plastic Decking is propelled by number of factors such as changing lifestyle, replacement to usage of traditional materials in decking, rapid urbanization and industrialization. However, continuous fluctuations in the prices of raw materials, high costs, easy availability of easy substitutes are major hindrance to the global Global Plastic Decking market.
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In market segmentation by manufacturers, the report covers the following companies-
Duralife Decking and Railing systems, Trex Company Inc, Fiberon LLC, Green Bay Decking, Tamco Building products Inc., UPM Kymmene Corporation and Universal Forests Products, Inc, Advanced Environmental Recycling Technologies Inc., Azek Building Products Inc., Cardinal Building products, Certainteed Corporation
Further key findings from the report suggest:
Global Plastic Decking is really tough, rigid, moisture resistant and is available in various kinds of patterns, designs for easy personalization
Further, Global Plastic Decking can be used anywhere outdoors. The installation process is fast and easy with the click system and few technical skills. The planks are only plugged into each other and thus form a stable surface
Most of the Global Plastic Decking manufacturers provide with lifetime warranties that cover your basic wear and tear. Usually, Global Plastic Decking companies provide a minimum 30-year limited warranty for staining and fading
Unfortunately, Global Plastic Decking might expand and contract in certain climates, loosening joints and making decks unstable. Under hot summers, they grow uncomfortably hot to walk on with barefoot.
On the basis of type, High density Polyethylene (HDP) and Low-density Polyethylene (LDP) have the maximum share in the global Global Plastic Decking market. HDPE is sturdy and stiff which is primarily used in residential sector whereas LDPE comprises of strength additives useful for manufacturing decking products. HDPE and LDPE collectively hold 66.6% of the total market share in the global Global Plastic Decking market.
North America is the largest consumer of plastic deck owing to its rapid growth of construction and infrastructural development. North accounts for 42.7% of the total market share in Global Plastic Decking market. Asia Pacific region is anticipated to be fastest growing region due to its increasing demand from construction and infrastructural development. It holds of the total market share in the global decking market.
The residential sector is the fastest growing segment in the Global Plastic Decking market during the forecast period owing to its qualities such as low maintenance cost, resistance to thermal expansion and contraction when exposed to sunlight and resistance to splinter and corrosion. It accounts for 57.7% of the total market share.
On the basis of resin type, Capped composites dominate the global Global Plastic Decking market because of its unique properties such as resistance to growth of mold mildew, corrosion, splintering, color fading. Capped composite decking is prepared by mixing pre and post-consumer recycled plastic and timber mill scraps to obtain solid products.
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An emerging trend is making China a popular base for chemical production as several major companies are shifting or expanding their production bases to China. Global leaders have also been establishing RD bases in Asia owing to the advantages that come with the location such as availability of talent and proximity to the consumer chain. This report highlights the major contributing sectors in the industry and details the niche areas that exhibit potential to have an impact on the overall growth of the industry. The key players that account for a sizable portion of the market share have been profiled in this report. The research comprises of crucial information that has been drawn after analyzing the trends in the market. It includes market insights that aim to help the readers navigate their business ventures.
Scope of the Report:
The study aims to evaluate different segments, their individual development trends, and their contribution towards the growth of the overall industry. Furthermore, the research offers extensive data about the key factors such as the drivers, challenges, restraints and opportunities and their impact on the growth rate. Most importantly, the market intelligence report delivers competitive intelligence data from market evaluation and help companies plan their growth strategies from the consumption volume as well as forecast statistics.
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In market segmentation by types of Global Plastic Decking market, the report covers-
Polyvinyl Chloride
High density polyethylene
Low density Polyethylene
Polypropylene
In market segmentation by end-use of the Global Plastic Decking market, the report covers the following uses-
Residential
Non-residential
In market segmentation by geographical regions, the report has analysed the following regions-
North America
Europe
Asia-Pacific
Middle East and Africa
Latin America
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