The global Plastic Decking market is projected to accrue to USD 5 Billion by 2022, growing at ~11 % between 2016 and 2022. In the year 2015, the global Plastic Decking market was valued around 2 Billion USD.
Global Plastic Decking Market Information by Material (HDPE, PP, PVC, LDPE and others), by Composite (Capped and Uncapped), by End-Use (Residential and Non-Residential) and Region - Forecast to 2022
The Global Plastic Decking Market is growing with the rapid pace; mainly due to the rising construction activities. According to a recent study report published by the Market Research Future, The global market of Plastic Decking is booming and expected to gain prominence over the forecast period.
Which means just in the span of 6 year, the market will be growing in a double fold.
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Factors that impact the market positively and drive the growth of the market are the rapid urbanization and rising construction activities in the developing economies. Additionally, large scale investments transpired in the construction sector fosters the market growth of Plastic Decking.
Moreover, Plastic Decking is gaining traction due to its wide range of advantages such as resistance to water and weather, availability in various colours shades and designs, and so on. Due to these advantages Plastic Decking is widely preferred across construction sector.
Ultimately, these advantages provide impetus to the market growth of Plastic Decking. Due to these advantages Plastic Decking is replacing other composite decking product.
Plastic Decking is widely used in residential and non-residential buildings.
However, everything is not all that rosy in case of Plastic Decking. Plastic Decking has its characteristic problems.
It might expand and contract in certain climates, loosening joints and making decks unstable. In hot, sunny areas, plastic decks can get very hot on the soles of the feet and actually radiate heat, making them uncomfortable.
Adversely, for a virtually maintenance-free deck, Plastic Decking may be the answer. Although, negligible yet experiencing characteristic problems of plastic may hamper or restrict the market growth during the forecast period.
Plastic Decking comes from the manufacturer as a finished product. There is no need to stain, sand, or paint the material.
Plastic Decking materials usually cost more than other decking materials, but their long life and low-maintenance requirements could make them more economical in the long run. Many Plastic Decking are often made partially out of recycled plastics , which makes them an environmentally friendly, efficient use of resources.
Another aspect of Plastic Decking is that the material supports DIY (Do It Yourself) activities. Many people prefer to build their dream deck themselves.
Plastic Decking comes in ready to fix format, meaning, anyone with the help of installation guide provided by the manufacturer can fix or install their dream decking. Even this DIY factor boosts the market growth up to some extent.
Plastic Decking Global Market - Competitive Analysis
Players operating in the global Plastic Decking markets are focusing upon optimized situational awareness for commercial and residential customers and ensure their mission success. The Market appears to be highly competitive and diversified with the presence of large number of players having global presence.
To gain the competitive edge and to sustain in the market, these players are heavily investing in R&D, global expansion, advanced technologies and product Launch. Players compete against each other based on factors such as the product quality, reliability, cost, and aftermarket services.
Marketers are tapping the growing markets for expansions.
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The key players of the global plastic decking market include-
- UPM Kymmene Corporation
- Universal Forest Products, Inc.
- Advanced Environmental Recycling Technologies, Inc.
- Azek Building Products Inc, Fiberon LLC
- Cardinal Building Products
- TAMKO Building Products, Inc.
- CertainTeed Corporation
- Green Bay Decking, LLC
- DuraLife Decking & Railing Systems
Manufactures operating in the Plastic Decking Industry strive to offer the product with extended service life, safe installation and environmental protection. Their marketing network spans the globe reinforced by strategic alliance with key international distributors.
These Players invest heavily in the R&D to develop a technology that is on a completely different level compared to their competition. These Key players strive to develop products with the adept technologies, unrivalled design and features and offer the aftermarket services from scoping the area of application to planning where the furniture goes to gathering the right tools.
Some manufacturers even offer a home in realistic 3D Virtual or Augmented Reality view. With this cutting edge technology customers can personalize a house, rotate it 360 degrees, change product and colours, and more.
Plastic Decking Global Market - Segmentation
The Plastic Decking Market can be segmented in to 3 key dynamics for the convenience of the report and enhanced understanding;
Segmentation By Composite : Comprises Capped and Uncapped and other.
Segmentation By Material : Comprises HDPE, PP, PVC, LDPE and other.
Segmentation By End Users : Comprises Residential and Non-Residential and other.
Plastic Decking Global Market - Regional Analysis
Asian countries, especially India and China expected to grow fast over the forecasted period due to rising population and rising income. North-America contributes highest to the overall growth of the market due to increasing demand for low maintenance building products.
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The report for Global Plastic Decking Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market.
The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
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