Dublin, May 02, 2023 (GLOBE NEWSWIRE) -- The "Plastic Decking: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Composite Decking estimated at US$3.6 Billion in the year 2022, is projected to reach a revised size of US$8.3 Billion by 2030, growing at a CAGR of 10.9% over the analysis period 2022-2030.
Capped, one of the segments analyzed in the report, is projected to record 11.2% CAGR and reach US$6.1 Billion by the end of the analysis period.
Taking into account the ongoing post pandemic recovery, growth in the Uncapped segment is readjusted to a revised 10.2% CAGR for the next 8-year period.
The U.S. Market is Estimated at $1.2 Billion, While China is Forecast to Grow at 14.3% CAGR
The Composite Decking market in the U.S. is estimated at US$1.2 Billion in the year 2022. 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 14.3% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 8.6% and 10.1% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 10% CAGR.
Select Competitors (Total 110 Featured) -
- Axion Structural Innovations LLC
- Certainteed Corporation
- DuraLife Decking & Railing Systems
- DuxxBak Composite Decking
- Fiberon LLC
- Newtechwood Company
- TAMKO Building Products LLC
- The AZEK Company Inc.
- Trex Company, Inc.
- UPM-Kymmene Corporation
- YKK AP America Inc.
What`s New for 2023?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 587 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $3.6 Billion |
| Forecasted Market Value (USD) by 2030 | $8.3 Billion |
| Compound Annual Growth Rate | 11.0% |
| Regions Covered | Global |
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Impact of Covid-19 and a Looming Global Recession
- Year 2021 and Beyond
- World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2023
- Recovery in Construction Industry to Drive Market Growth
- World Construction Industry (in US$ Trillion) for the Years 2017, 2019 & 2022
- Global Value of Megacity Construction Projects (US$ Billion) in 2019
- Trends in the Construction Industry Influence Market Uptake
- Increased Activities of Remodeling and Renovation to Propel the Growth
- Global Remodeling Market in US$ Trillion for the Years 2017, 2019, 2021, 2023 and 2025
- COVID-19 Impact on Plastic Decking Market
- Home Improvement Projects & Interest in DIY Stimulate Composite Decking Demand amid COVID-19
- Plastic Decking - Global Key Competitors Percentage Market Share in 2022 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (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
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/hag5ip
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Attachment
