Composite Decking & Railing Market is expected to grow at a robust CAGR During Forecast Period
Global Composite Decking & Railing Market is expected to grow owing to beautification buildings in residential as well as commercial sectors throughout the forecast period.
According to TechSci Research report, “Composite Decking & Railing Market- Global Industry Size, Share, Trends, Opportunity, and Forecast 2018-2028”, the Global Composite Decking & Railing Market is expected to register robust growth during the forecast period. The utilization of composite decking and railing, along with the rapid urbanization in developing nations, has spurred construction activities. The growth in demand for construction and infrastructure developments is projected to significantly propel the market growth of composite decking and railing. Consequently, this is expected to create new opportunities for the composite decking and railing industry throughout the forecast period.
Expanding product lines beyond traditional decking and railing products presents an opportunity to diversify revenue streams. This may include offering outdoor furniture, lighting, or accessories that complement decking and railing installations.
Technological advancements, such as augmented reality (AR) and 3D design tools, are revolutionizing how customers visualize and plan outdoor spaces. Manufacturers can harness these technologies to provide customers with interactive and immersive experiences, empowering them to design and customize their decks and railings with greater precision.
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Based on type, the Uncapped Composites segment is expected to dominate the market during the forecast period. In contrast to capped composite decking, which features a protective cap on the surface of the boards, uncapped products typically lack this additional layer. As a result, uncapped composite boards may be more prone to surface wear and staining over time. Uncapped composite decking boards often incorporate recycled materials, aligning with the increasing demand for sustainable and environmentally friendly building materials. This sustainability aspect can attract environmentally conscious consumers. Highlighting the use of recycled materials and the eco-friendly aspects of uncapped products can align with the growing trend of sustainability in the construction industry. Manufacturers can educate consumers about the advantages and disadvantages of uncapped products to manage expectations regarding durability and maintenance. This transparency can foster trust and satisfaction among buyers. Ultimately, the uncapped composite segment in the global composite decking and railing market caters to price-conscious consumers who value the more natural aesthetics and affordability of these products.
Based on resin type, the Residential segment is projected to dominate the market throughout the forecast period. Building codes and regulations play a critical role in the adoption of composite decking and railing products. Manufacturers must ensure that their products meet or exceed these standards to gain market acceptance. The residential segment is increasingly focused on sustainability and eco-friendly building materials. Composite decking, made from recycled materials and offering recyclability at the end of its life cycle, is attractive to environmentally conscious consumers. Distribution of composite decking and railing products to the residential segment occurs through various channels, including building material suppliers, home improvement stores, and online retailers. Manufacturers must establish a strong presence in these channels to effectively reach homeowners. The market is highly competitive, with several key players offering a wide range of composite decking and railing products. Competition often centers around product innovation, pricing, and marketing strategies. Advances in composite material technology, such as improved resistance to fading and staining, are driving consumer interest in these products. Manufacturers that invest in research and development to enhance product performance tend to gain a competitive edge. In conclusion, the residential segment of the Global Composite Decking & Railing Market is witnessing growth due to increasing consumer awareness, product innovation, and environmental considerations.
Key market players
in the Global Composite Decking & Railing Market are:-
- Axion International, Inc.
- Advanced Environmental Recycling Technologies, Inc. (AERT)
- Fiberon LLC
- Green Bay Decking, LLC
- Genova Products Inc.
- Integrity Composites LLC
- Tamko Building Products, Inc.
- The AZEK Company Inc. (TimberTech)
- UPM Biocomposites
- Universal Forest Products, Inc. (UFPI)
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“The Composite Decking & Railing Market in Asia Pacific is poised to be the dominant force in the industry. The focus on green building practices and eco-friendly materials presents manufacturers with opportunities to position their products as sustainable solutions. Companies that align with green building initiatives and obtain relevant certifications can gain a competitive edge.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
“Composite Decking & Railing Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Type (Capped Composites and Uncapped Composites), By Resin Type (Polyethylene, Polypropylene, Polyvinyl chloride and Other), By Application (Residential and Non-Residential), By Region, By Competition Forecast & Opportunities, 2018-2028,” has evaluated the future growth potential of Global Composite Decking & Railing 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 Composite Decking & Railing Market.
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