A recently published report titled "Global Plastic Decking Market" is an extensive study by Reports and Data of the Plastic Decking industry and includes a study of several factors that impact the growth of the market. The factors taken into consideration in this report are government policies, market landscape, technologies, market risks, opportunities, and challenges faced by the market. The report further analyzes historical data, current and future market trends, recent technological developments, key competitors, and regional bifurcation.
According to the current analysis of Reports and Data, the global plastic decking market was valued at USD 4,454.9 Million in 2020 and is expected to reach USD 9,663.9 Million by year 2028, at a CAGR of 10.82 %. The study covers various features and types of plastic decking. Plastic 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 plastic 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 plastic decking market.
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Major Companies Operating in the industry and profiled in the report are:
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
The report provides a comprehensive analysis of current market dynamics and the factors that might influence the growth of the market or hamper it. The report provides insight into revenue growth, global and regional analysis, and market segmentation based on types and applications.
Market segmentation based on Product Type:
High density polyethylene
Low density Polyethylene
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Composite Type (Revenue, USD Million; 2020-2028)
The report additionally discusses in-depth the strategic initiatives taken by the major market players for expanding their consumer base and to gain market size. This includes a list of mergers, acquisitions, joint ventures, product launches, collaborations, partnerships, and agreements. The report includes an extensive profiling of the key companies including their product catalogues, pricing analysis, and business expansion strategies.
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The regional analysis of the Plastic Decking market provides an insight into the regions expected to hold the largest share in the market. According to the research report, North America is expected to dominate the market holding the largest share. Asia Pacific is expected to show a significant growth in the coming years owing to adoption of advanced technologies and growing consumer base. Europe is expected to follow closely behind North America & APAC countries. Latin America and Middle East & Africa are expected to hold a significant share in the market.
The regional analysis covers:
- North America (U.S., Canada, Mexico)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Further key findings from the report suggest
Plastic decking is really tough, rigid, moisture resistant and is available in various kinds of patterns, designs for easy personalization
Further, plastic 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 plastic decking manufacturers provide with lifetime warranties that cover your basic wear and tear. Usually, plastic decking companies provide a minimum 30-year limited warranty for staining and fading
Unfortunately, plastic 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 plastic 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 plastic decking market.
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