Plastic Decking Market Growing at 11% CAGR to Hit $10.85 billion | Growth, Share Analysis, Company Profiles
The Exactitude Consultancy has updated its global market reports with latest data for 2024 and projections up to 2030
LUTON, BEDFORDSHIRE, UNITED KINGDOM, March 5, 2024 /EINPresswire.com/ -- This information is provided by Exactitude Consultancy, in its report titled, “Plastic Decking Market, 2024-2030.”
The plastic decking market is expected to grow at 11% CAGR from 2024-2030. It is expected to reach above USD 10.85 Billion by 2030 from USD 4.24 Billion in 2023. Plastic decking is an elevated flat surface construction in building facades made from recycled plastic material. It is highly resistant and requires low maintenance to enhance the aesthetic value and quality of the deck. In addition, these materials are resistant to moisture and humidity, which elevates their application in building and construction.
The report methodical explanation of current market trends to assist the users to entail in-depth market analysis. The report focuses on a detailed analysis of major market players that are functioning in the global Plastic Decking market to study the market sales, value, and share. Top revenue-generating key manufacturers are involved in the report. Moreover, a systemic evaluation of drivers, restraints, and opportunities is framed in the report.
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What`s New?
Special discussions on the global economic climate and market sentiment
Coverage on global competitiveness and key competitor percentage market shares
Market presence analysis across multiple geographies - Strong/Active/Niche/Trivial
Online interactive peer-to-peer collaborative bespoke updates
Access to digital archives and trademarked research platform
Complimentary updates for one year
Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes
Leading Key players included in this Report are:
Major players in the Plastic Decking Market are identified through secondary research and their market revenues determined through primary and secondary research are: Ecospace, Timbertech, TREX, Fiberon LLC, London Decking Company, Cardinal Building Products, Green Bay Decking, Tamko Building Products, Inc, Avon Plastics, HOSUNG WPC and Others.
Recent developments:
On October 2023, TimberTech, one of the world’s leading brands for beautiful, sustainable, high-performance decking and outdoor living products, joined forces with Yardzen, a premier online landscape design platform, to simplify the process for homeowners looking to design a custom outdoor oasis.
On December 2022, Fiberon, a leading U.S. manufacturer of wood-alternative decking, railing and cladding, today announced a partnership with HomeSphere, a platform connecting building product manufacturers to 2,700+ homebuilders who collectively construct more homes than the top five public homebuilders combined.
Plastic Decking Market Segmentation:
Plastic Decking Market By Resin Type, 2020-2029, (Usd Billion), (Kilotons).
Polyvinyl Chloride
High-Density Polyethylene
Low-Density Polyethylene
Polyethylene
Plastic Decking Market By Composite, 2020-2029, (Usd Billion), (Kilotons).
Capped
Uncapped
Plastic Decking Market By Construction Type, 2020-2029, (Usd Billion), (Kilotons).
Repairs & Remodeling
New Deck
Plastic Decking Market By Application, 2020-2029, (Usd Billion), (Kilotons).
Residential
Non-Residential
Regional Outlook:
◘ North America (United States, Canada, and Mexico)
◘ Europe (Germany, France, UK, Russia, and Italy)
◘ Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
◘ South America (Brazil, Argentina, Colombia, etc.)
◘ The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
In terms of revenue, North America dominated the plastic decking market in 2021 with a 43% share. It is anticipated that a strong demand for low-maintenance building materials from the region’s quickly expanding construction industry will drive market revenue growth. In addition, stringent rules outlawing the use of wood in North America have accelerated the use of plastic decking. Consumer interest in outdoor living is anticipated to increase as more people opt to add a deck to their homes in order to boost their available living space and property value. The primary variables influencing decking demand will be an increase in house renovations and housing completions. As part of the outdoor living trend, more restaurants and hotels are anticipated to construct decks to provide customers with comfortable areas to sit and eat outside.
Browse Complete Summary and Table of Content:
https://exactitudeconsultancy.com/reports/18825/plastic-decking-market/
Key Benefits:
⏩ This study gives a detailed analysis of drivers, restrains, opportunities and challenges limiting the market expansion of Plastic Decking market.
⏩ A descriptive analysis of demand-supply gap, estimation and forecast in the global Plastic Decking market.
⏩ Porter’s five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.
⏩ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Plastic Decking Market
Among the report’s primary offers are the following:
Plastic Decking definition, synopsis, and product specification are included in the research. It also identifies market-related obstacles and opportunities.
An in-depth study of the market for Plastic Decking products, including regional evaluations and competitive analyses on a global, regional, and local scale.
Indicators influencing market scenarios, development patterns, growth plans, as well as major regional enterprises fundamental to the market, are identified and highlighted.
A comprehensive section on the market’s competitive landscape includes company profiles, strategic activities, and market shares for the industry’s major competitors.
Various macro- and micro-level influences on the Global Plastic Decking market is identified and analyzed in the study.
Offers a detailed overview of the leading participants in the industry, as well as an analysis of their present strategic goals and critical financial data.
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We offer customization on report based on customer’s specific requirement:
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