Global Plastic Decking Strategic Business Report 2023: Rising Lumber Prices Increases Popularity of Plastic Decking
Global Market for Composite Decking
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$1.5 Billion by the year 2030 trailing a CAGR of 14.3% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 8.6% and 10.1% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 10% CAGR.
Select Competitors (Total 110 Featured) -
Axion Structural Innovations LLC
DuraLife Decking & Railing Systems
DuxxBak Composite Decking
TAMKO Building Products LLC
The AZEK Company Inc.
Trex Company, Inc.
YKK AP America Inc.
What`s New for 2023?
Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
Global competitiveness and key competitor percentage market shares
Market presence across multiple geographies - Strong/Active/Niche/Trivial
Online interactive peer-to-peer collaborative bespoke updates
Access to digital archives and Research Platform
Complimentary updates for one year
No. of Pages
2022 - 2030
Estimated Market Value (USD) in 2022
Forecasted Market Value (USD) by 2030
Compound Annual Growth Rate
Key Topics Covered:
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Impact of Covid-19 and a Looming Global Recession
Year 2021 and Beyond
World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2023
Recovery in Construction Industry to Drive Market Growth
World Construction Industry (in US$ 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
For more information about this report visit https://www.researchandmarkets.com/r/hag5ip
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