Increasing demand for modern constructions, rapid urbanization, increasing industrialization are key factors contributing to high CAGR of Composite Decking market during forecast period.
Composite Decking Market Size – USD 4.71 Billion in 2021, Growth - CAGR of 11.0%, Trends – Product launches and research for advanced Composite Decking
According to the current analysis of Reports and Data, the global Composite Decking Market was valued at USD 4.71 Billion in 2021 and is expected to reach USD 11.90 Billion by year 2030, at a CAGR of 11.0%. The study covers various features and types of Composite Decking. Composite Decking is an elevated flat surface construction used in building facades made from recycled plastic material. It is highly resistant and requires low maintenance to enhance the aesthetic value and quality of the deck. Further, these materials are also resistant to moisture and humidity, which increase its demand in construction sector. The global Composite Decking is propelled by number of factors such as changing lifestyle, replacement to usage of traditional materials in decking, rapid urbanization and industrialization. However, continuous fluctuations in the prices of raw materials, high costs, easy availability of easy substitutes are major hindrance to the global Composite Decking market.
Get a sample of the report: https://www.reportsanddata.com/sample-enquiry-form/1460
Top Companies: Duralife Decking and Railing systems, Trex Company Inc, Fiberon LLC, Green Bay Decking, Tamco Building products Inc., UPM Kymmene Corporation and Universal Forests Products, Inc, Advanced Environmental Recycling Technologies Inc., Azek Building Products Inc., Cardinal Building products, Certainteed Corporation
Further Key Finding from the Report Suggestion:
- Composite Decking is really tough, rigid, moisture resistant and is available in various kinds of patterns, designs for easy personalization
- Further, Composite Decking can be used anywhere outdoors. The installation process is fast and easy with the click system and few technical skills. The planks are only plugged into each other and thus form a stable surface
- Most of the Composite Decking manufacturers provide with lifetime warranties that cover your basic wear and tear. Usually, Composite Decking companies provide a minimum 30-year limited warranty for staining and fading
- Unfortunately, Composite Decking might expand and contract in certain climates, loosening joints and making decks unstable. Under hot summers, they grow uncomfortably hot to walk on with barefoot.
- On the basis of type, High density Polyethylene (HDP) and Low-density Polyethylene (LDP) have the maximum share in the global Composite Decking market. HDPE is sturdy and stiff which is primarily used in residential sector whereas LDPE comprises of strength additives useful for manufacturing decking products. HDPE and LDPE collectively hold 66.6% of the total market share in the global Composite Decking market.
- North America is the largest consumer of plastic deck owing to its rapid growth of construction and infrastructural development. North accounts for 42.7% of the total market share in Composite Decking market. Asia Pacific region is anticipated to be fastest growing region due to its increasing demand from construction and infrastructural development. It holds of the total market share in the global decking market.
Market Overview:
Consumers are placing a higher importance on sustainability and, as a result, are choosing items based on factors like circularity and carbon footprint. Furthermore, consumer concern about carbon emissions has prompted increased investment in renewable energy, energy efficiency, and transportation decarbonization. These developments have had considerable impact on chemical end sectors, particularly in the automobile and construction industries. COVID-19 has exacerbated the situation by lowering the automobile and construction industries (as well as many others) and disrupting current supply lines.
Download Summary: https://www.reportsanddata.com/download-summary-form/1460
The global Composite Decking Market is segmented into:
Resin Type Outlook (Revenue, USD Billion; 2019-2030)
- Polyvinyl Chloride
- High-density polyethylene
- Low-density polyethylene
- Polyethylene
Composite Type Outlook (Revenue, USD Billion; 2019-2030)
- Capped
- Uncapped
Construction Type Outlook (Revenue, USD Billion; 2019-2030)
- Repairs and remodeling
- New decks
End-use Outlook (Revenue, USD Billion; 2019-2030)
- Residential
- Non-residential
Regional Outlook:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key Questions Addressed in the Report:
- What are the dominating factors that are influencing the growth of the industry?
- In the forecast period, which market segment is expected to rise the most?
- What are the risks and challenges that the industry is facing?
- In the coming years, which area is projected to dominate the market?
- Who are the major players in the market?
- What kind of strategic business plans have they made?
Request a customization of the report: https://www.reportsanddata.com/request-customization-form/1460
Thank you for taking the time to read our article. The report can be tailored to the needs of the client. Please contact us for more details, and our team will tailor the report to your specific requirements.
Browse More Reports:
Impregnating Resins Market https://www.reportsanddata.com/report-detail/impregnating-resins-market
Nucleotide Market https://www.reportsanddata.com/report-detail/nucleotide-market
Plastic Fasteners Market https://www.reportsanddata.com/report-detail/plastic-fasteners-market
Liquid Filtration Market https://www.reportsanddata.com/report-detail/liquid-filtration-market
Methionine Market https://www.reportsanddata.com/report-detail/methionine-market
Read New Blogs:
https://www.reportsanddata.com/blog/top-textile-chemicals-manufacturers-in-the-world
https://www.reportsanddata.com/blog/top-10-paints-and-coatings-brands
https://www.reportsanddata.com/blog/industrial-wastewater-treatment
About Us:
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients to make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Products, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
Contact Us:
John W
Head of Business Development
Reports And Data | Web: www.reportsanddata.com
Direct Line: +1-212-710-1370
E-mail: sales@reportsanddata.com
LinkedIn | Twitter | Blogs | Insights
Read the innovative blog at https://www.reportsanddata.com/blogs
Check out our upcoming research report at https://www.reportsanddata.com/upcoming-reports
