Residential buildings by end use contributes largely to the market. North-America contributes highest to the market, majorly due to increasing demand for low maintenance building products. The global plastic decking market size was valued at around USD 2 Billion in 2015 and is expected to cross USD 5 Billion at CAGR of approximately 11% by 2022.
Analyzing the market structure, this report calculates the future growth potential of the market. It weighs the strategies of the key players in the market and supports the competitive developments like joint ventures, new product developments, mergers and acquisitions, research and developments (R&D) in the market.
The key factor driving the global plastic decking market growth include large scale investments, rapid urbanization, replacement of traditional materials with other composite decking product, and rising construction activities in the emerging economies.
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The key players of the global plastic decking market include-
UPM Kymmene Corporation
Universal Forest Products, Inc.
Advanced Environmental Recycling Technologies
Azek Building Products
Cardinal Building Products
TAMKO Building Products,
Green Bay Decking
LLC and DuraLife Decking & Railing Systems
The key drivers for the growth of the plastic decking market are rapid urbanization, rising construction activities in the emerging nations, replacement of traditional materials with other composite decking product and large scale investments. Plastic decking is widely used in residential and non-residential buildings. Residential buildings by end use contributes largely to the market. North-America contributes highest to the market, majorly due to increasing demand for low maintenance building products. The global plastic decking market size was valued at around USD 2 Billion in 2015 and is expected to cross USD 5 Billion at CAGR of approximately 11% by 2022.
Regional Analysis of Global Plastic Decking Market
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.
The regional segmentation of the global plastic decking market can segment the market into the regional markets known as North America, Europe, Asia Pacific, and rest of the world (RoW). In the Asia Pacific region, the fastest growth is being witnessed in China and India due to population growth, rising disposable income and demand for more residential buildings. Demand for non-residential buildings is also growing in those cities that are commercial hubs. Another important economy in this region is Japan, that can be a potential market.
North America is the largest regional market due to increasing demand for low maintenance building products and the presence of many key market players. The strongest economies in North America are the USA and Canada that can be lucrative markets.
In Europe, the market is growing due to the high density of population, and the presence of many key market players, and various business activities. Russia is an important country-specific market in this region. Other strong economies that can be ideal markets are France, Germany, and the UK.
The RoW segment covers the countries of the Middle East & Africa (MEA). In the MEA region, despite the high demand, the market is small due to poor countries, lack of awareness, lack of education, lack of skilled labor, and lack of technological advancement.
This research report has provides the insights, on various levels of analyses such industry analysis, market share analysis leading market players and their profiles. This report also helps in studying the target segments by providing views on emerging & high-growth segments and market conclusion. Together the market data comprise and discuss with the basic assessments on the competitive scenarios & strategies, of the global plastic decking market, including the high-growth regions, countries and their political, economic and technological environments. Furthermore the project report also provides the views over the historical market values as well as, pricing and cost analysis of the same.
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