Rockville , Sept. 25, 2023 (GLOBE NEWSWIRE) -- According to the latest report from Fact.MR, a provider of market research and competitive intelligence, the global plastic decking market is projected to expand at a noteworthy CAGR of 11% (2023 to 2033) and reach US$ 14 billion by the end of 2033.
The elevated flat surface architecture known as plastic decking used in building facades is produced from recycled plastic. As a means of enhancing the deck's visual value and quality, it is incredibly resilient and low maintenance. These materials can be used more effectively in building and construction since they are also resistant to moisture and humidity. Plastic decking offers several advantages. It is stain-resistant and can be used without any finishing or maintenance.
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The market for plastic decking has been significantly influenced by the increase in urbanization. The need for outdoor living spaces and leisure areas has grown as more people move into cities and metropolitan areas. Due to its low care requirements, durability, and aesthetic appeal, plastic decking is a preferred option for these areas over conventional wood decking.
Plastic decking is excellent for usage in humid environments or close to water, such as around swimming pools or other bodies of water, because it is resistant to moisture, mold, and mildew. Plastic decking is constructed from recycled materials, offering it a sustainable option for those concerned about the environment.
| Report Attributes | Details |
| Value Projection (2033) | US$ 14 Billion |
| Growth Rate (2023-2033) | 11% CAGR |
| No. of Pages | 170 pages |
| No. of Tables | 80 Tables |
| No. of Figures | 219 Figures |
Key Takeaways from Market Study
- The global plastic decking market stands at US$ 4.6 billion in 2023.
- Worldwide demand for plastic decking is projected to rise at a CAGR of 11% from 2023 to 2033.
- The market is estimated to touch US$ 14 billion by the end of 2033.
- The market in China is forecasted to expand at a CAGR of 14% from 2023 to 2033.
- The market in Germany is projected to advance at a CAGR of 10% through 2033.
- Demand for capped composite decking is set to increase at a CAGR of 11.2% through 2033.
- Sales of uncapped composite decking are forecasted to rise at a CAGR of 10.2% during the forecast period.
“Plastic decking has emerged as a transformative material for building facades, offering sustainability, visual appeal, and remarkable durability. Its recycled composition aligns with environmental goals, while its resilience in the face of moisture, humidity, and stains ensures longevity. As the construction industry continues to prioritize sustainability and quality, plastic decking stands out as a premium choice for enhancing building facades and redefining construction practices,” says a Fact.MR analyst.
Key Companies Profiled in This Report
- Green Bay Decking
- Universal Forests Products, Inc.
- Duralife Decking and Railing systems
- Fiberon LLC
- Tamco Building Products Inc.
- Advanced Environmental Recycling Technologies, Inc.
- Azek Building Products, Inc.
Market Competition
The competitive landscape for the market for recycled plastic decking used in building facades is influenced by various factors, including innovation, sustainability, product quality, and market reach. Companies that expand their product offerings beyond decking, such as railing systems, outdoor furniture, and accessories, can capture a larger share of the market.
- February 2023- Trex, the world’s largest manufacturer of wood-alternative decking and railing, announced that it had acquired TimberTech, a leading manufacturer of composite decking.
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Key Segments of Plastic Decking Industry Research Report
- By Type:
- High-density polyethylene
- Low-density polyethylene
- Polyvinyl chloride
- Polypropylene
- By Composite:
- Capped Composite Decking
- Uncapped Composite Decking
- By Construction Type:
- Repairs & Remodeling
- New Decks
- Existing Construction
- New Construction
- By Application:
- Residential
- Non-Residential
- By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
More Valuable Insights on Offer
Fact.MR, in its new offering, presents an unbiased analysis of the plastic decking market with historical demand data for 2018 to 2022 and forecast statistics for 2023 to 2033.
The study divulges essential insights into the market based on type (high-density polyethylene, low-density polyethylene, polyvinyl chloride, polypropylene), composite (capped composite decking, uncapped composite decking), construction type (repairs & remodeling, new decks [existing construction, new construction]), and application (residential, non-residential), across five major regions of the world (North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa).
Explore More Related Studies Published by Fact.MR Research:
Polyethylene Furanoate (PEF) Market: The global market for polyethylene furanoate is set to reach US$ 76.7 million by 2032.
Recycled Polyethylene Terephthalate (R-PET) Market: The market for recycled polyethylene terephthalate is expected to reach US$ 4.9 billion by 2033.
Ultra-high Molecular Weight Polyethylene Market: Demand for ultra-high molecular weight polyethylene (UHMWPE) is estimated to increase at an impressive CAGR of 9% from 2022 to 2032.
About Fact.MR:
Fact.MR is a distinguished market research company renowned for its comprehensive market reports and invaluable business insights. As a prominent player in business intelligence, we delivers deep analysis, uncovering market trends, growth paths, and competitive landscapes. Renowned for its commitment to accuracy and reliability, we empowers businesses with crucial data and strategic recommendations, facilitating informed decision-making and enhancing market positioning. With its unwavering dedication to providing reliable market intelligence, FACT.MR continues to assist companies in navigating dynamic market challenges with confidence and achieving long-term success. With a global presence and a team of experienced analysts, FACT.MR ensures its clients receive actionable insights to capitalize on emerging opportunities and stay ahead in the competitive landscape.
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