Plastic Decking Market to be dominated by Polyvinyl Chloride segment through 2028

Increase in construction leading to interior & exterior renovation and requirement for low maintenance decks across the globe are expected to boost the growth of the Global Plastic Decking Market during the forecast period of 2024-2028.

According to TechSci Research report, Plastic Decking Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018–2028, The Global Plastic Decking Market is anticipated to register a robust growth during the forecast period, 2024-2028. Plastic decking (also known as PVC decking) is 100% plastic wood. Plastic decking overcomes many of the shortcomings of wood. In contrast to wooden terraces, low-maintenance synthetic terraces do not need to be sanded, sealed, painted, or stained. A plastic deck protects you from debris. Without organic ingredients, plastic decking cannot absorb moisture or succumb to insect infestation. Plastic decking significantly extends the life of your project and provides value to the next generation. Increased urbanization has increased the aesthetic value of buildings and structures using synthetic decking, which also drives the growth of the synthetic decking market. Advanced materials such as HDPE, LDPE, etc. have great durability. Also, different properties offered by synthetic terraces such as resistance to dampness, is one of several factors to support the launch of these products, leading to the growth of the market. Moreover, plastic decking has a wide range of applications in various housing sectors, which will boost the growth of the target market in the coming year. Changing lifestyles and the trend towards low maintenance, high quality decks are other key factors for the popularity of plastic decking market. The availability of substitutes and changes in raw material prices are the biggest constraints in the market. Increasing urbanization around the world has increased the demand for synthetic decks to add aesthetic value to buildings and structures. High-Density Polyethylene (HDPE), Low-Density Polyethylene (LDPE), Polyvinyl Chloride (PVC), and Polypropylene are common types of decking boards available on the market. HDPE and LDPE are major market drivers due to their durability in residential applications. In addition, recycled plastic is flexible and resilient, making it suitable for decking and outdoor furniture applications.

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Global Plastic Decking market is bifurcated based on material type, composite, product type, type of construction, and application. Based on composite, the market is bifurcated into capped & uncapped.  During the projected period, Capped segment is expected to be the largest market share during the forecast period. Capped composite decking, manufactured by blending pre- and post-consumer recycled plastics with waste wood to obtain a solid product, is expected to dominate the market due to its resistance to fading and decay. Additionally, the capped composite has a protective coating of UV inhibitors and antioxidants that inhibits the growth of mold and mildew, thereby preventing chipping and decay. On the other hand, uncapped composites are prone to spotting, fading, mildew. This explains the decline in demand.

Based on application, the market is bifurcated into residential and non-residential. During the projected period, residential segment is expected to have the largest market share during the forecast period due to increasing urbanization and lifestyle changes. This is due to the tendency towards low maintenance and high-quality decks in homes. The housing market is driven by an increase in the number of new and existing buildings completed. In addition, plastic offers properties superior to traditional deck boards such as superior aesthetics, quality, durability, and low maintenance costs.

Based on type of construction, the market is bifurcated into repairs & remodeling and new decks. During the projected period, new decks segment is expected to be the largest market share during the forecast period. A plastic deck is a raised planar structure made from recycled plastic used in building facades. It enhances the aesthetic value and quality of your terrace, is weather resistant and requires minimal maintenance. These materials are resistant to humidity and dampness, which is increasing 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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