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 Attribute | Details |
| No. of Pages | 587 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value (USD) in 2023 | $4.1 Billion |
| Forecasted Market Value (USD) by 2030 | $8.3 Billion |
| Compound Annual Growth Rate | 9.3% |
| Regions Covered | Global |
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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