The global plastic decking market size was worth around USD 5.6 Billion in 2022 and is predicted to grow to around USD 12.5 Billion by 2030 with a compound annual growth rate (CAGR) of roughly 10.5% between 2023 and 2030.
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➤ The industry is expanding due to a rise in demand for plastic decks due to their advantages.
Growing urbanization and industrialization, rising demand for modern architecture, and a move away from using traditional materials for decking are major drivers driving the growth of the worldwide plastic decking market. Plastic decking is a raised smooth surface structure used in building facades composed of recycled plastic materials. It enhances a deck’s visual appeal and quality while needing little upkeep and offering great resistance.
➤ PVC can be harmed by ultraviolet light, which restricts market expansion.
Platforms made of polyvinyl chloride (PVC) are vulnerable to UV radiation from the sun. Composite flooring eventually scratches from weather and storms. Flooring products composed of PVC are susceptible to stains, flaking, mold growth, and degradation. Property owners who paid a premium for PVC decking frequently lament that after a year or two, the decking starts to peel, fade, or grow mildew. Customer complaints follow this pattern consistently.
➤ The development of technology offers a profitable opportunity.
The companies in the plastic decking industry are always introducing new and inventive products with additional benefits. For example, Woodbrid LLC verified in October 2022 that Fire Retardant (FR) Class A decking and siding materials would be available for both residential and commercial use. A strict building fire code, ASTM E84-21a, a standard test procedure for surface burning properties of building materials, and rigorous testing have been applied to the recently developed formula.
➤ One of the biggest obstacles is the high cost of PVC decking.
PVC decking is often more expensive than equivalent, lower-cost composites of the same grade. Since PVC has been known to deteriorate rubber and PVC items (such welcome mats), most manufacturers advise against combining PVC with these materials. This presents a significant obstacle to market growth.
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The Global Plastic Decking Market is segmented based on product, application and region
Global Plastic Decking Market: Product Segment Analysis
● PVC
● HDPE
● LDPE
● Polyethylene
Global Plastic Decking Market: Application Segment Analysis
● Residential
● Non-residential
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The global Plastic Decking market profiles key players such as:
● Universal Forest Products Inc.
● UPM Kymmene Corporation
● Advanced Environmental Recycling Technologies Inc.
● Fiberon LLC
● Cardinal Building Products
● Azek Building Products Inc.
● Certainteed Corporation
● Green Bay Decking LLC
● Duralife Decking and Railing Systems
● Tamko Building Products Inc
???? Current Events:
• Deckorators®, a well-known trademark of UFP Industries, Inc., debuted its upgraded VISTA COMPOSITE DECKING in November 2022 at DeckExpo in Las Vegas. Vista Composite Decking will include vertical grain diversity along with enhanced traction and sliding resistance. With lengths of 12 feet, 16 feet, and 20 feet and solid-and grooved-edge profiles in four colors—Ironwood, Driftwood, Silverwood, and Dunewood—the Vista line offers the most design flexibility, including the simplicity with which two or more colors can be combined to create a distinctive outdoor space.
• The pioneer in composite decking is adding two additional hues to its premium range in January 2023, building on the successful launch of Trex Transcend® LineageTM in mid-2022. With their superior looks, heat-mitigating technology, and improved performance, these new hues round out the company’s impressive line of industry-leading decking and come with a robust 50-year warranty.
➤ Over the course of the forecast period, North America is anticipated to lead the market.
During the projected period, North America is anticipated to propel the growth of the plastic decking industry market. Strong demand for low-maintenance building materials from the rapidly growing construction industry in the region is expected to fuel market revenue growth. Furthermore, strict regulations in North America that prohibit the use of wood have sped up the use of plastic decking. As more people look to add decks to their houses in an effort to boost their accessible living space and property value, it is projected that consumer interest in outdoor living will grow.
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