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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.
Factors attributed to the growth of the market are rising construction activities in emerging economies, urbanization and large-scale investments in the industrial and infrastructure sectors. Residential buildings fueled the growth of the market. Global plastic decking market is expected to cross USD 5 billion at the end of the forecasted period and is expected to grow at CAGR of 11% from 2016 to 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.
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Composite decking sometimes also referred to as plastic decking and WPC decking is decking that is usually made from a composition of wood and plastic, there are also different varieties such as decking made purely out of plastic. This plastic content gives the deck boards a very long lifespan without the need to treat or seal the decking over its life, the decking has on average a 1% water absorption rate. While the wood content allows the decking to retain that wonderful tactile feeling you get when touching wood.
Wood is the original and traditional material used for decks. A deck can last anywhere from 10 to 30 years if made from untreated wood and can last as long as 50 years for treated wood or composite materials. Plastic decking is stained resistant and wont crack or splinter. It doesn’t require any finishing. Some plastic decking is made from new plastic, whereas others are partially or completely recycled. Composite decking is an environmentally friendly lumber alternative that combines plastic and wood fiber. Although the installation price for a composite is definitely going to be more than wood, the actual cost over time is a good deal closer. This is because wood decks require more maintenance.
Key Players:
- 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
Industry Related News:
- March 16, 2017: Advanced Environmental Recycling Technologies, Inc., entered into agreement to be acquired by Oldcastle Architectural, Inc. for total cash consideration of USD 117 million.
- Sept. 29, 2016: TAMKO Building Products, Inc. launched a new logo for its Envision composite decking line which creates a new visual identity for the brand.
- March 28, 2017: TAMKO Building Products, Inc. announced a new agreement with Guardian Building Products (GBP) to distribute envision decking in the Eastern U.S.
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.
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List of Tables
Table 1 World Population by Major Regions (2015 to 2030) (Million)
Table 2 Global Plastic Decking Market: by Region, 2014-2022 (Usd Million)
Table 3 Global Plastic Decking Market: by Region, 2014-2022 (Kt)
Table 4 North America Plastic Decking Market: by Country, 2014-2022 (Usd Million)
Table 5 Europe Plastic Decking Market: by Country, 2014-2022 (Usd Million)
Table 6 Asia-pacific Plastic Decking Market: by Country, 2014-2022 (Usd Million)
Table 7 Row Plastic Decking Market: by Country, 2014-2022 (Usd Million)
Table 8 Global Plastic Decking Market: by Regions, 2014-2022 (Usd Million)
Table 9 North America Plastic Decking Market by Material : by Country, 2014-2022 (Usd Million)
Table 10 Europe America Plastic Decking Market by Material: by Country, 2014-2022 (Usd Million)
Continued…….
List of Figures
Figure 1 Global Plastic Decking Market Market Segmentation
Figure 2 Forecast Methodology
Figure 3 Five Forces Analysis of Plastic Decking Market
Figure 4 Value Chain of Global Plastic Decking Market
Figure 5 Share of Global Plastic Decking Market in 2014, by Country (in %)
Figure 6 Global Plastic Decking Market, 2015-2022, (Usd Billion)
Figure 7 Sub-segments of Global Plastic Decking Market
Figure 8 Global Plastic Decking Market Size by Materials
Figure 9 Share of Pp in Global Plastic Decking Market, 2012 to 2022
Figure 10 Share of Pvc in Global Plastic Decking Market, 2012 to 2022
Continued……..
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