Plastic Decking Global Business Report 2024 - Increasing Shift towards Plastic and Composite Decking from Natural Wood Counterparts Drive Market Growth


Dublin, April 18, 2024 (GLOBE NEWSWIRE) -- The "Plastic Decking - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

Global Composite Decking Market to Reach $8.3 Billion by 2030

The global market for Composite Decking estimated at US$4.1 Billion in the year 2023, is projected to reach a revised size of US$8.3 Billion by 2030, growing at a CAGR of 9.3% over the analysis period 2023-2030.

Capped Composite Decking, one of the segments analyzed in the report, is projected to record 9.5% CAGR and reach US$6.1 Billion by the end of the analysis period. Growth in the Uncapped Composite Decking segment is estimated at 8.7% CAGR for the next 8-year period.

The U.S. Market is Estimated at $1.3 Billion, While China is Forecast to Grow at 12.2% CAGR

The Composite Decking market in the U.S. is estimated at US$1.3 Billion in the year 2023. China, the world's second largest economy, is forecast to reach a projected market size of US$1.5 Billion by the year 2030 trailing a CAGR of 12.2% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 7.3% and 8.6% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 8.5% CAGR.



Key Report Features

  • Full access to influencer engagement stats
  • Free access to digital archives & research platform. The proprietary platform is fully enabled to unlock creativity and market knowledge of domain experts worldwide in a cohesive and collaborative manner. The state-of-art tools bring world class market perspectives while protecting participants` privacy and identity. Numbers, statistics and market narrative in the report are based on fully curated insights shared by domain experts and influencers in this space.
  • Opportunity to engage with interactive questionnaires that come with real-time data simulator tools & bespoke report generation capabilities
  • Full client access to peer collaborative and interactive platform for cross-enterprise smart exchange of ideas
  • Complimentary report updates for one year
  • Competitor coverage with global market shares of major players
  • Player market presence analysis (Strong/Active/Niche/Trivial) across multiple geographies
  • Access to curated YouTube video transcripts of domain experts/influencer interviews, podcasts, press statements and event keynotes

The report features profiles of 110 featured companies. A selection of companies in the report includes:

  • Cardinal Health, Inc.
  • Compagnie de Saint-Gobain S.A.
  • Certain Teed Corporation
  • Armstrong World Industries, Inc.
  • CRH PLC
  • Creative Composites Group
  • AZEK Building Products, Inc.
  • Cali Bamboo LLC
  • Deceuninck NV
  • Cardinal Building Products
  • DuraLife Decking & Railing Systems
  • Club Hosue Decking
  • Dekorators,Inc.
  • Can Supply Wholesale Limited
  • Blue Sky Carpentry

Key Attributes:

Report AttributeDetails
No. of Pages587
Forecast Period2023 - 2030
Estimated Market Value (USD) in 2023$4.1 Billion
Forecasted Market Value (USD) by 2030$8.3 Billion
Compound Annual Growth Rate9.3%
Regions CoveredGlobal



Key Topics Covered:

1. MARKET OVERVIEW

  • Plastic Decking - Global Key Competitors Percentage Market Share in 2023 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2023 (E)
  • A Prelude to Plastic Decking
  • Global Market Overview and Market Prospects
  • Affordability and Low Maintenance- Key Driving Forces of the World Plastic Decking Market
  • Capped Decking Leads the Market, Set to Make Big Gains
  • Polyethylene Constitutes the Main Resin
  • Regional Market Analysis
  • United States Leads the Global Plastic Decking Market, Asia-Pacific to Witness Fastest Growth
  • US Decking Market Trends
  • Asia-Pacific Witnesses Rapid Growth, Strong Construction Activity Makes China and India Lucrative Markets
  • Developing Countries Emerge as Hot Spots for Future Growth
  • Recent Market Activity
  • SELECT GLOBAL BRANDS

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

  • Increasing Shift towards Plastic, and Composite Decking from Natural Wood Counterparts Drive Market Growth
  • PVC Decking Witnesses Increased Popularity
  • Rising Lumber Prices Increases Popularity of Plastic Decking
  • Composite Decking as a Good Alternative to Wood Decks
  • Composite Decking Makers Set Focus on Chipping Away Wood Sales with Better Options
  • Plastic Decking Gains Popularity among Homeowners
  • Customers Seek More Functionality from Decks
  • Value Addition at Affordable Price Points
  • Building Relationships with Remodeling Contractors
  • Serious Efforts by Composite Vendors to Push Share
  • Recent Breakthroughs Make Composite Decking a Cooler Option for Homeowners
  • Composite Decking with Cooler Surfaces
  • Customized Surface Finishes - A New Trend
  • Multi-Width Composite Decking Boards
  • Synthetic, Affordable Decking
  • Hollowed Decking Boards Gain Popularity
  • Innovative Products Widen the Addressable Market
  • Technological Advancements Augment Functional and Design Attributes
  • Favorable Demographic & Socio-Economic Trends Strengthen Market Prospects
  • World Population (in Thousands) by Geographic Region for the Years 2019, 2030, 2050, and 2100
  • Top Countries Worldwide in Terms of Population in Millions for the Years 1990, 2019 and 2050
  • Rapid Growth in Urban Households
  • World Urban Population in Millions: 1950-2050
  • Degree of Urbanization Worldwide: Urban Population as a % of Total Population by Geographic Region for the Years 1950, 1970, 1990, 2018, 2030, and 2050
  • Growing Affluence of Middle Class Consumer Segment
  • Global Middle Class Population (In Million) by Region for the Years 2020, 2025 and 2030
  • Global Middle Class Spending (US$ Trillion) by Region for the Years 2020, 2025, and 2030
  • Rising Living Standards

For more information about this report visit https://www.researchandmarkets.com/r/q9nnhv

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Composite Decking Market

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