Global Plastic Decking Market Research Report Covers Historical Market Trends, Current Market Dynamics, Market Valuation by Segmentation as Well as Region, Country-level Analysis for Every Segment, Key Player’s Market Share Analysis, Competitive Landscape and Supply Chain Analysis.
The global plastic decking market is anticipated to surpass a valuation of USD 5 billion, attaining a CAGR of 11% during the forecast period (2012-2022), Market Research Future (MRFR) unveils in a detailed report.
Plastic decking can be defined as an elevated flat surface construction in building facades, which is generally made from recycled plastic materials. Plastic decking requires low maintenance and is highly resistant. These materials are also resistant to humidity and moisture, which makes them a necessity in construction and building application.
Get a FREE Sample with Complete TOC @ https://www.marketresearchfuture.com/sample_request/1872
The top players operating in the global plastic decking market include-
• Universal Forest Products Inc.
• UPM Kymmene Corporation
• Azek Building Products Inc
• Advanced Environmental Recycling Technologies Inc.
• Cardinal Building Products, Fiberon LLC
• CertainTeed Corporation
• TAMKO Building Products Inc.
• DuraLife Decking & Railing Systems
• Green Bay Decking LLC.
June 2019: A manufacturer of innovative composite railing and decking, and a division of Oldcastle APG, MoistureShield has recently partnered with Cardinal Building Products. Cardinal will carry the state-of-the-art composite products, designed to substitute the traditional decking materials.
Market Potential and Pitfalls
The global Plastic Decking Market is set to expand at a rapid pace, mainly due to rapid urbanization and accelerating construction activities in emerging countries. The replacement of traditional materials with composite decking products is likely to contribute to its growth. Plastic decking offers benefits such as stain resistance and does not require high maintenance and finishing. They are also unaffected by splintering, which keeps them in proper shape. Plastic decking is moisture resistant and does not fade easily. Such advantages have triggered the demand for plastic decking across the globe.
On the contrary, plastic decks easily expand and contract in certain climates, which results in loosening joints, thereby making them unstable. Plastic decks can also become extremely hot and radiate heat during summer. Such concerns are likely to roadblock the growth of the market in the foreseeable future. On a brighter note, market players are focusing on R&D to develop better products, which will help to overcome these hurdles. This is anticipated to elevate the scope for the plastic decking market.
Global Plastic Decking Market: Segmental Analysis
The global plastic decking market is segmented on the basis of material, composite, and end use.
By material, the plastic decking market is segmented into low-density polyethylene (LDPE), high-density polyethylene (HDPE), polyvinyl chloride (PVC), polypropylene (PP), and others. Among these, LDPE and HDPE are likely to gain prominence as HDPE exhibits stiffness and high strength, owing to which they seek application in the residential sector. LDPE contain strength-enhancing additives, which are highly useful for manufacturing decking products.
By composite, the plastic decking market is segmented into capped and uncapped. Among these, capped composite decking is predicted to rule the market due to their resistance to rotting and color fading. Capped composites also come with a protective coating of antioxidants and UV inhibitors, which helps to prevent the growth of mold and mildew.
By end use, the market is segmented into residential and non-residential. Among these, residential buildings are likely to rule the market. Increased disposable income of the urban population has accelerated the construction of houses in urban regions, thereby contributing to the rising demand for plastic decks in the residential sector.
Geographically, the plastic decking market spans across Europe, Asia Pacific, North America, and the Rest of the World (RoW).
Considering the global scenario, the Asia Pacific is considered to expand at the fastest pace. The growth can be attributed to the ever-increasing population in India and China, high demand for residential buildings, and increasing disposable income in the region. The demand for non-residential buildings is also increasing in cities with commercial hubs, thereby encouraging the market growth.
North America will acquire the lion’s share in the global market, mainly due to the surging demand for low maintenance building products. The market’s course is directed by the presence of industry bigshots in the region. The presence of strong economies like Canada and the US can be lucrative. The region will account for the maximum demand for plastic decking due to a strong need for low-maintenance building products in its construction sector.
The plastic decking market in the European region is likely to propel owing to the high population density, several business activities, and the existence of several industry bigshots.
Early Diners Are Offered Free Customization- Up to 20%
List of Tables
Table 1 World Population by Major Regions (2015 to 2030) (Million)
Table 2 Global Plastic Decking Market: by Region, 2014-2022 (Usd Million)
Table 3 Global Plastic Decking Market: by Region, 2014-2022 (Kt)
Table 4 North America Plastic Decking Market: by Country, 2014-2022 (Usd Million)
Table 5 Europe Plastic Decking Market: by Country, 2014-2022 (Usd Million)
Table 6 Asia-pacific Plastic Decking Market: by Country, 2014-2022 (Usd Million)
Table 7 Row Plastic Decking Market: by Country, 2014-2022 (Usd Million)
Table 8 Global Plastic Decking Market: by Regions, 2014-2022 (Usd Million)
Table 9 North America Plastic Decking Market by Material : by Country, 2014-2022 (Usd Million)
Table 10 Europe America Plastic Decking Market by Material: by Country, 2014-2022 (Usd Million)
List of Figures
Figure 1 Global Plastic Decking Market Market Segmentation
Figure 2 Forecast Methodology
Figure 3 Five Forces Analysis of Plastic Decking Market
Figure 4 Value Chain of Global Plastic Decking Market
Figure 5 Share of Global Plastic Decking Market in 2014, by Country (in %)
Figure 6 Global Plastic Decking Market, 2015-2022, (Usd Billion)
Figure 7 Sub-segments of Global Plastic Decking Market
Figure 8 Global Plastic Decking Market Size by Materials
Figure 9 Share of Pp in Global Plastic Decking Market, 2012 to 2022
Figure 10 Share of Pvc in Global Plastic Decking Market, 2012 to 2022