According to a new market report published by Lucintel, the future of the plastic decking market looks promising with opportunities in the residential and non-residential sector. The plastic decking market is expected to grow with a CAGR of 11% from 2019 to 2024. The major growth drivers for this market are rising construction industry, development of innovative products, and increase in demand for low-maintenance building products.
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In this market, high-density polyethylene (HDPE), low-density polyethylene (LDPE), polyvinyl chloride (PVC), and polypropylene (PP), are the major material types used for manufacturing of plastic decking.
Within the plastic decking market, capped and uncapped are the major composite types. The capped composite segment has witnessed strong demand in the recent years owing to its excellent protection against ultra-violet radiations and oxidation. Capped composites also provide low cost maintenance and superior aesthetics as compared to natural wood decking products.
North America will remain the largest region over the forecast period due to increasing residential and non-residential construction activities along with the growing population and economic development in the region.
UPM Kymmene, Universal Forest Products, Advanced Environmental Recycling Technologies, Fiberon, Azek, Certainteed Corporation, Duralife Decking and Railing Systems, Green Bay Decking, and Tamko are among the major manufacturers of plastic decking.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the plastic decking market by material type, composite, type of construction, end use sector, and region. Lucintel has prepared a comprehensive research report titled "Plastic Decking Market 2019-2024: Trends, Forecast, and Opportunity Analysis". The Lucintel report serves as a catalyst for growth strategy as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the plastic decking market by material type, composite, type of construction, end use sector, and region as follows:
By Material Type [$M shipment analysis for 2013 – 2024]:
By Composite Type [$M shipment analysis for 2013 – 2024]:
Capped Composite
Uncapped Composite
By Construction Type [$M shipment analysis for 2013 – 2024]:
New
Repairs and Remodeling
By End-Use Sector [$M shipment analysis for 2013 – 2024]:
Residential
Non-residential
Office
Retail
Education
Healthcare
Others
By Region [$M shipment analysis for 2013 – 2024]:
North America
United States
Canada
Mexico
Europe
Asia Pacific
Rest of the World
This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/plastic-decking-market.aspx or helpdesk@lucintel.com.
About Lucintel
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