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

Pune, India -- (SBWire) -- 02/16/2018 --Market Highlights

Factors attributed to the growth of the market are rising construction activities in emerging economies, urbanization and large scale investments in the industrial and infrastructure sectors. Residential buildings fueled the growth of the market. Global Plastic Decking Market is expected to cross USD 5 billion at the end of the forecasted period and is expected to grow at CAGR of 11% from 2016 to 2022.

Wood is the original and traditional material used for decks. A deck can last anywhere from 10 to 30 years if made from untreated wood and can last as long as 50 years for treated wood or composite materials. Plastic decking is stain resistant and wont crack or splinter. It doesn't require any finishing. Some plastic decking is made from new plastic, whereas others are partially or completely recycled. Composite decking is an environmentally friendly lumber alternative that combines plastic and wood fiber. Although the installation price for a composite is definitely going to be more than wood, the actual cost over time is a good deal closer. This is because wood decks require more maintenance.

Gaining in popularity are composite decking materials, composed primarily of a mix of recycled plastic and wood fibers. 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 in industrial and infrastructure sectors and development of innovative products in the decking market are some of the factors driving the growth of the plastic decking market. Moreover, increasing plastic decking demand in residential segment, developments of innovative products, large-scale investments in the industrial and infrastructure sectors are the further key drivers of the market.

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Industry/ Innovation/ Related News:
March 16, 2017: Advanced Environmental Recycling Technologies, Inc., entered into agreement to be acquired by Oldcastle Architectural, Inc. for total cash consideration of USD 117 million.

Sept. 29, 2016: TAMKO Building Products, Inc. launched a new logo for its Envision composite decking line which creates a new visual identity for the brand.

March 28, 2017: TAMKO Building Products, Inc. announced a new agreement with Guardian Building Products (GBP) to distribute envision decking in the Eastern U.S.

Key Players:
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 and DuraLife Decking & Railing Systems are some of the prominent players at the forefront of competition in the global plastic decking market and are profiled in MRFR Analysis.

Market Research Analysis
The market is highly application based. Residential buildings globally drive the market due rapid urbanization and changing lifestyles. The market is expected to have higher growth rate as compared to the previous years. On the basis of composite, Capped composite accounted for the largest market share. North-America is the largest region for the plastic decking market, followed by Asia-Pacific. The main reason for the growth in the region includes increasing demand for low maintenance building products, rising consumer spending and urbanization.

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Asia-Pacific is the fastest growing market
The region is expected to expand over the forecasted period. The reason is attributed to the increasing spending on construction, rising middle class population and rising consumer spending. However North America remains the largest market and is expected to grow at a steady rate.

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