The global Plastic Decking Market had a value of USD 4.71 billion in 2021 and is projected to reach USD 11.90 billion by 2030, with a compound annual growth rate (CAGR) of 11.0%. The report covers different types and features of plastic decking, which is a raised flat surface made of recycled plastic material used in building facades. Plastic decking is highly resistant and requires minimal maintenance, thereby improving the aesthetic and quality of the deck. Additionally, these materials are resistant to moisture and humidity, which is driving the demand for them in the construction sector. The global plastic decking market is being driven by several factors, including changing lifestyles, the replacement of traditional decking materials, rapid urbanization, and industrialization. However, the market faces significant challenges, such as fluctuations in the prices of raw materials, high costs, and the easy availability of substitutes.
Other key findings from the report indicate that plastic decking is sturdy, moisture-resistant, and available in a variety of patterns and designs for easy customization. Moreover, it can be used outdoors, and the installation process is quick and easy with a click system requiring few technical skills. Most plastic decking manufacturers provide a lifetime warranty covering basic wear and tear, and a minimum 30-year limited warranty for staining and fading. However, plastic decking can expand and contract in certain climates, causing joints to loosen and decks to become unstable, and under hot summers, they can become uncomfortably hot to walk on barefoot.
The global plastic decking market is dominated by High-density Polyethylene (HDPE) and Low-density Polyethylene (LDPE), which collectively hold 66.6% of the total market share. HDPE is primarily used in the residential sector due to its strength and stiffness, while LDPE contains strength additives used for manufacturing decking products. North America is the largest consumer of plastic decking, accounting for 42.7% of the total market share, while the Asia Pacific region is expected to be the fastest-growing region due to increasing demand from construction and infrastructure development.
The residential sector is the fastest-growing segment in the plastic decking market during the forecast period, accounting for 57.7% of the total market share, due to its low maintenance cost, resistance to thermal expansion and contraction when exposed to sunlight, and resistance to splintering and corrosion. Capped composites dominate the global plastic decking market in terms of resin type due to their unique properties such as resistance to mold mildew growth, corrosion, splintering, and color fading. On the other hand, uncapped composites are susceptible to fading, molding, and staining, making them less in demand than capped composites.
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Key players in the global plastic decking market include :
Duralife Decking and Railing systems, Trex Company Inc, Fiberon LLC, Green Bay Decking, Tamco Building products Inc., UPM Kymmene Corporation, Universal Forests Products, Inc, Advanced Environmental Recycling Technologies Inc., Azek Building Products Inc., Cardinal Building Products, and Certainteed Corporation.
The notable innovation of plastic decking market are:
The use of recycled plastic material, which enhances the sustainability of the decking industry. Plastic decking is also available in various patterns and designs for easy personalization, and the installation process is fast and easy with the click system and minimal technical skills required. Additionally, many plastic decking manufacturers offer lifetime warranties to cover basic wear and tear, with a minimum of 30-year limited warranties for staining and fading. However, challenges such as expansion and contraction in certain climates, as well as high costs and easy availability of substitutes, remain major hindrances to the global plastic decking market.
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