[204 pages report] The plastic decking market size is estimated to grow from USD 2.55 Billion in 2015 to USD 4.69 Billion by 2021, at a CAGR of 10.82%.

1. MarketsandMarkets™
Presents
Plastic Decking Market by
Resin Type, Composite
Type, Type of Construction
& End-Use
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2. Plastic Decking Market worth 4.69 Billion USD by 2021
The report "Plastic Decking Market by Resin Type (HDPE, LDPE, PVC,
PP), Composite Type (Capped, Uncapped), Type of Construction
(Repairs & Remodeling, New Decks (Existing Constructions, New
Constructions)), End-Use (Residential, Non-Residential) - Global
Forecast to 2021", The plastic decking market size is estimated to grow
from USD 2.55 Billion in 2015 to USD 4.69 Billion by 2021, at a CAGR of
10.82%. The plastic decking market is projected to witness significant
growth in the next few years with the increasing demand for new
constructions all over the world due to rapid urbanization and
industrialization with large-scale investments in industrial and
infrastructure sectors, rising construction activities in emerging
economies, and development of innovative products in the decking
market are some of the factors driving the growth of the plastic decking
market.
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3. Plastic Decking Market worth 4.69 Billion USD by 2021
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190 data tables
45 figures
204 pages and in-depth TOC on “Plastic Decking Market”
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[204 pages report] The plastic decking market size is estimated to grow from USD 2.55
Billion in 2015 to USD 4.69 Billion by 2021, at a CAGR of 10.82%.
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4. Plastic Decking Market worth 4.69 Billion USD by 2021
Capped composite decking will drive the growth of the plastic
decking market
The major factor driving the plastic decking market is the
replacement of traditional materials with capped composite
decking products. The capped composite segment accounted for
the largest market share in the plastic decking market as these
products offer superior properties including resistance to rotting,
color fading, and mold & mildew growth formation. Capped
composites have a resin protective layer attached to the wooden
core. This protective resin layer helps in preventing rotting,
splintering, and mildew & mold growth formation.
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5. Plastic Decking Market worth 4.69 Billion USD by 2021
Residential buildings to gain maximum traction during the forecast
period
The residential buildings segment dominated the market in 2015 and is
projected to be the fastest-growing end-user sector in the next five
years, as a result of the rising urbanization and changing lifestyle
inclined toward low-maintenance and better quality decks in homes.
The residential market is driven by the rise in new and existing housing
completions. Furthermore, plastic provides better properties such as
superior aesthetics, quality, durability, and low maintenance cost as
compared to traditional decking. The development of capped composite
decking, which is superior in quality than uncapped decking, is expected
to drive the growth of the residential plastic decking market.
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6. Plastic Decking Market worth 4.69 Billion USD by 2021
North American plastic decking market constitutes the largest
market share.
The U.S. contributes a major market share in the global as well as
North American plastic decking market. The recovery of the U.S.
residential market by 2010 after the 2008 recession, and the
increasing demand of low maintenance building products are
some of the factors driving the plastic decking market in North
America. The plastic decking market in this region is growing
rapidly due to the presence of numerous leading players in the
region.
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7. Plastic Decking Market worth 4.69 Billion USD by 2021
The major players in the plastic decking market includes UPM
Kymmene Corporation (Finland), Universal Forest Products, Inc.
(U.S.), Advanced Environmental Recycling Technologies, Inc.
(U.S.), Azek Building Products, Inc. (U.S.), Fiberon LLC (U.S.),
Cardinal Building Products (U.S.), TAMKO Building Products, Inc.
(U.S.), CertainTeed Corporation (U.S.), Green Bay Decking, LLC
(U.S.), and DuraLife Decking & Railing Systems (U.S.).
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8. Plastic Decking Market worth 4.69 Billion USD by 2021
Market Industry Leaders :
Plastic decking is manufactured using recycled plastics or virgin polymers. The
plastic decks helps to increase the strength, low maintenance, and durability.
MarketsandMarkets projects that the plastic decking market size will grow
from USD 2.55 billion in 2015 to USD 4.69 billion by 2021, at a compound
annual growth rate (CAGR) of 10.82% from 2016 to 2021. The increase in
demand of plastic decks from residential applications is driving the plastic
decking market.
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9. Plastic Decking Market worth 4.69 Billion USD by 2021
The key players in the plastic decking market are UPM Kymmene
Corporation (Finland), Universal Forest Products, Inc. (U.S.),
Advanced Environmental Recycling Technologies, Inc. (U.S.), Azek
Building Products, Inc. (U.S.), Fiberon LLC (U.S.), Cardinal Building
Products (U.S.), TAMKO Building Products, Inc. (U.S.), CertainTeed
Corporation (U.S.), Green Bay Decking, LLC (U.S.), and DuraLife
Decking & Railing Systems (U.S.). These players have adopted
various strategies to expand their global presence and increase
their market share. New product launches, partnerships,
agreements, expansions, and investments are some of the major
strategies adopted by the market players to achieve growth in the
plastic decking market
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10. Plastic Decking Market worth 4.69 Billion USD by 2021
The year 2014 and 2015 witnessed several new product launches of plastic
deck products by key players in order to strengthen their product portfolio and
substantial agreements between plastic decks manufacturers and distributors.
New product launches and agreements were the key strategies adopted by the
manufacturers for expanding their market share in the plastic decking market
Azek Building Products, Inc. (U.S.) introduced a new product line of plastic
decking called the Vintage Collection. The development of these new products
will improve the performance of plastic decks which will support the growth of
the market. Azek Building, Inc. (U.S.) introduced a new light color called
Hazelwood for its arbor collection decking boards. Such decking colors are
designed to match hardscapes and other exteriors to create a customized
outdoor living space. The development of such products provides the company
with a competitive edge over other manufacturers.
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11. Plastic Decking Market worth 4.69 Billion USD by 2021
In 2013, Fiberon, LLC (U.S.) signed a distribution agreement with
Shelter Products, Inc. (U.S.) to distribute the full line of Fiberon
decking products. This agreement helped the company develop
its business and enhance the supply of high-value products to its
prospective customers. In the same year, the company signed a
distribution agreement with Monsma Marketing Corporation,
(U.S.) for the distribution of various decking colors, grain patterns,
and design choices for builders and homeowners. This
development strategy enabled the company to expand its market
presence in the Midwestern region of the U.S. Plastic decking
manufacturers worldwide are continuously upgrading their
products and services to provide innovative, long lasting and
advanced decking products.
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12. Plastic Decking Market worth 4.69 Billion USD by 2021
New Revenue Pockets :
The residential buildings industry is estimated to play a key role in the plastic
decking market.
Decks are constructed outdoors above the ground and are connected to a
building. Plastic decks have multiple applications such as garden landscaping,
extension of living area of a house, dinning, play group area, and interiors of
houses. A significant change has been observed in the construction industry
with the introduction of plastic decks as it offers high-performance, low-
maintenance, and low-cost building products. Also, 3D concrete printing offers
benefits of high quality control, increased efficiency, and better finishing.
MarketsandMarkets projects that the global plastic decking market size will
grow USD 2.55 billion in 2015 to USD 4.69 billion by 2021, at a CAGR of
10.82%. Increase in infrastructural activities, industrialization, and recovery of
global economy are expected to be the major drivers of the plastic decking
market.
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13. Plastic Decking Market worth 4.69 Billion USD by 2021
Traditionally, wood and wood plastic composites were used to
manufacture decking products. With the rising need for advanced
innovative products and to overcome the limitations of conventional
decking material, capped composites were launched. These composites
contain an additional resin protection layer or capstock on the decking
surface. The growing demand for high-performance decking in
commercial applications such as hotels, marinas, and public parks has
increased the need for capped composites. Capped composites
dominated the plastic decking market, globally, especially in North
America, owing to its superior product quality and better performance
when compared to other composites. Manufacturers have started to
manufacture capped composite decking products to establish their
brand name and increase their market share in the plastic decking
industry.
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14. Plastic Decking Market worth 4.69 Billion USD by 2021
The residential sector is projected to be the fastest-growing market in
the plastic decking market because of the properties exhibited in plastic
decks such as resistance to rot, splinter, color fading, long product
durability, and low maintenance cost. The residential application
dominated the plastic decking market globally in 2015 and this trend is
expected to continue during the forecast period. As residential
applications require non-splintering, rot-resistant, and non-color fading
decking products, plastic decks are largely used in this sector. The non-
residential application of plastic decking includes docks, marinas, public
boardwalks, commercial establishment patios, and flooring, among
others. Capped composites are utilized in large volumes where the
decking is always in contact with water.
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15. Plastic Decking Market worth 4.69 Billion USD by 2021
On the basis of resin type, the market for plastic decking is
segmented into high-density polyethylene (HDPE), low-density
polyethylene (LDPE), polypropylene (PP), and polyvinyl chloride
(PVC). HDPE is projected to grow at the highest rate, owing to its
easy to use and install, durable, and adaptable characteristics.
HDPE products require no waterproofing, painting, staining, and
are cost-effective; this segment is projected to grow at the
highest CAGR.
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16. Plastic Decking Market worth 4.69 Billion USD by 2021
In 2015, North America dominated the global plastic decking
market by volume, with U.S. being the fastest-growing market in
this region. This was followed by Europe, Asia-Pacific, and RoW.
Plastic decking products offer better features such as low
maintenance cost, long product durability, and superior aesthetic
looks in comparison to natural wood decking products. The high
growth in demand of plastic decking products is anticipated from
the RoW and Asia-Pacific regions. The Middle Eastern region and
Brazil are projected to be the fastest-growing markets for plastic
decking in the RoW region.
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17. Contact Us
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
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