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Plastic Decking Market 2018-2028: Trends, Opportunities, and Forecasts | Techsci Research

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TechSci Research's report, "Plastic Decking Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018–2028" forecasts that the global plastic decking market will experience robust growth during the forecast period, 2024-2028. Plastic decking, also known as PVC decking, is made of 100% plastic wood and overcomes many of the shortcomings of traditional wood decks. Unlike wooden decks, low-maintenance synthetic decks do not require sanding, sealing, painting, or staining. Plastic decks are resistant to moisture and insect infestation, and thus provide extended durability. These factors contribute to the growth of the synthetic decking market, especially with increased urbanization, which increases the aesthetic value of buildings and structures using synthetic decking.

The market growth is further supported by advanced materials like HDPE, LDPE, etc. that provide greater durability and resistance to dampness. The plastic decking market also has various applications in the housing sector, which will further boost its growth in the coming years. The trend towards low maintenance and high-quality decks, along with changing lifestyles, are other key factors driving the market's popularity. However, the availability of substitutes and fluctuations in raw material prices are significant constraints in the market. The most common types of decking boards available on the market are HDPE, LDPE, PVC, and polypropylene. HDPE and LDPE are major market drivers due to their durability in residential applications, while recycled plastic is flexible and resilient, making it ideal for decking and outdoor furniture applications.

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The Global Plastic Decking market is categorized based on material type, composite, product type, type of construction, and application. Composite is further divided into capped and uncapped segments. It is anticipated that the capped composite segment will have the largest market share during the projected period due to its superior properties such as resistance to fading and decay. Capped composite decking is made by blending pre- and post-consumer recycled plastics with waste wood to create a solid product. It has a protective coating of UV inhibitors and antioxidants that prevents chipping and decay. In contrast, uncapped composites are more susceptible to spotting, fading, and mildew, which is why demand for this segment is expected to decline.

The market is also divided into residential and non-residential segments based on application, and it is predicted that the residential segment will have the largest market share during the projected period. This is due to the increasing urbanization and lifestyle changes that have led to a preference for low maintenance and high-quality decks in homes. Additionally, plastic offers superior properties compared to traditional deck boards such as superior aesthetics, quality, durability, and low maintenance costs.

Based on the type of construction, the market is divided into repairs & remodeling and new decks, and it is expected that the new decks segment will have the largest market share during the projected period. Plastic decking is a raised planar structure made from recycled plastic and is used in building facades to enhance the aesthetic value and quality of terraces. It is weather-resistant and requires minimal maintenance, and these materials are resistant to humidity and dampness, which is driving demand in the construction industry.

Key market players in the Global Plastic Decking market are:

  • Azek Building Products Inc.
  • CertainTeed Corporation
  • Duralife Decking and Railing Systems
  • Advanced Environmental Recycling Technologies Inc.
  • Fiberon LLC
  • Green Bay Decking LLC
  • Tamco Building Products Inc.
  • Trex Company, Inc.
  • Tecnodeck (Mitera Group)
  • Avon Plastics
  • HOSUNG WPC
  • Wallong Technology Co., Ltd.

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“During the forecast period, residential sector is expected to dominate the market due to increase in urbanization as construction is taking place on a mass scale worldwide. As interior and exterior renovation is expected to be on the rise, demand for plastic decking shall increase. World population is also looking to spend their income on luxurious lifestyle which promotes the global plastic decking market.” said, Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm. Plastic Decking Market : Segmented By Resin Type (High-Density Polyethylene, Polyvinyl Chloride, Low-Density Polyethylene, Polypropylene, and Others), By Composite Type (Capped and Uncapped), By Product Type (Virgin and Recycled), By Type of Construction (Repairs & Remodeling and New Decks), By End-Use Sector (Residential and Non-Residential), By Region, Competition” has evaluated the future growth potential of Plastic Decking Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Plastic Decking Market.

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About TechSci Research:

TechSci Research is a research-based management consulting firm providing market research and advisory solutions to its customers worldwide, spanning a range of industries. TechSci Research’s core values are value, integrity and insight. Led by a team of dynamic industry experts, TechSci Research provides its customers with high value market research and advisory services that helps them identify new market opportunities, growth engines and innovative ways to capture the market share. As a result, TechSci’s client leads rather than follow market trends. Not bound by legacy, TechSci’s cutting-edge research model leverages its decades of research knowledge and an increased use of technology as engines of innovation to deliver unique research value. Provided as an alternative to traditional market research, TechSci Research reports do not just deliver data and knowledge rather highlights the insights in a more usable and interactive format for its clients.

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