+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

Canada Plastic Decking Market Size, Share & Trends Analysis Report By Resin (High-density Polyethylene, Low-density Polyethylene, Polypropylene, Polyvinyl Chloride), By Application, And Segment Forecasts, 2023 - 2030

  • PDF Icon

    Report

  • 69 Pages
  • May 2023
  • Region: Canada
  • Grand View Research
  • ID: 5830947

The Canada plastic decking market size is expected to reach USD 239.8 million by 2030. The market is projected to expand at a CAGR of 8.4% from 2023 to 2030. Rising demand for aesthetic work and living spaces has propelled the demand for plastic decking across Canada and is anticipated to follow similar trends throughout the forecast period.



Plastic deck boards offer a wood-grain finish for enhanced slip-resistance and are splinter-free. They also offer safety benefits. These decks reduce the risk of collapse owing to their waterproof and weatherproof qualities. These decks eliminate organic ingredients including wood, which makes them waterproof and weatherproof. These decks are resistant to mildew, mold, or water damage and avoid insect infestation. In addition, they can withstand extreme weather conditions including snow, rain, blistering heat, and others. These factors are expected to propel the demand for plastics in the decking industry over the forecast period.

Plastic decking is more aesthetically appealing with different wood grain patterns and a variety of colors. In addition, high-density polyethylene can be reinforced with fiberglass to build heat-reflective decking. This kind of plastic deck stands apart and displays unparalleled strength and ease of maintenance.

The Canada plastic market is highly fragmented owing to the presence of major players such as Fiberon LLC; Advanced Environmental Recycling Technologies, Inc.; Azek Building Products, Inc., and Cardinal Building Projects, as well as a number of other small and medium-sized country players. Strategic initiatives carried out by these companies for market expansion are highly effective and are fueling the market growth in the country.

Canada Plastic Decking Market Report Highlights

  • The Canada plastic decking industry was valued at USD 128.5 million in 2022 and is estimated to grow at a CAGR of 8.4% from 2023 to 2030
  • In terms of revenue, the polyvinyl chloride (PVC) resin segment is expected to register a high CAGR over the forecast period. Rising urbanization has been a significant driver for PVC decking in the country. PVC decking is a popular choice for residential and commercial spaces as it is low-maintenance and durable. Due to the reduced level of maintenance required, PVC is frequently promoted as being more affordable over time than alternatives such as all-wood or composite decking
  • The industrial application segment dominated the market and accounted for more than 26% of the revenue share in 2022. Due the rising environmental concerns and consumer awareness, manufacturers are developing wood alternatives. For instance, Miura Board offers deck boards that consist of 100% recycled plastics and post-consumer carpet fibers into a durable, weatherproof composite. These boards are environmentally friendly, versatile, durable, and ideal for industrial applications
  • Various strategic initiatives were recorded over the past few years to boost the growth of Canada's plastic decking industry. For instance, in January 2023, Fiberon introduced new products at its 2023 Virtual Experience. Within the Virtual Experience, participants can interact with the full product portfolio of the company, including railing, decking, furniture, etc. The company also introduced its new Fiberon Concordia PE Decking Astir collection with new colors such as prairie wheat, mountain ash, and seaside mist

Table of Contents

Chapter 1 Methodology and Scope
1.1 Market Segmentation & Scope
1.2 Market Definitions
1.3 Information Procurement
1.3.1 Information analysis
1.3.2 Market formulation & data visualization
1.3.3 Data validation & publishing
1.4 Research Scope and Assumptions
1.4.1 List of Data Sources
Chapter 2 Executive Summary
2.1 Market Snapshot 2022
2.2 Segment Snapshot
2.3 Competitive Landscape Snapshot
Chapter 3 Canada Plastic Decking Market: Variables and Trends
3.1 Market Lineage Outlook
3.1.1 Global Plastics Market
3.2 Industry Value Chain Analysis
3.2.1 Raw Material Trend Analysis
3.2.1.4 Raw Material Price Trend Analysis, 2018 - 2022 (USD/KG)
3.2.1.5 Raw Material Procurement Analysis
3.3 Technology Overview
3.3.1 Wood-Plastic Composite Technology
3.4 Regulatory Framework
3.4.1 Standard & Compliances
3.4.2 Safety
3.5 Market Dynamics
3.5.1 Market Driver Impact Analysis
3.5.2 Market Restraint Impact Analysis
3.5.3 Market Challenge Analysis
3.5.4 Market Opportunity Analysis
3.6 Industry Analysis Tools
3.6.1 Porter’s analysis
3.6.2 Macroeconomic Analysis
3.7 Impact of Russia & Ukraine geopolitical implications on Canada Plastic Decking Market
3.8 Impact of COVID-19 on the Canada Plastic Decking Market
Chapter 4 Canada Plastic Decking Market: Resin Estimates & Trend Analysis
4.1 Resin Movement Analysis & Market Share, 2022 & 2030
4.2 Resin Movement Analysis & Market Share, 2022 & 2030
4.3 Canada Plastic Decking Market Estimates & Forecast, By Resin (Million Sq. Ft.) (USD Million)
4.3.1 High-Density Polyethylene (HDPE)
4.3.2 Low-Density Polyethylene (LDPE)
4.3.3 Polypropylene
4.3.4 Polyvinyl Chloride
Chapter 5 Canada Plastic Decking Market: Application Estimates & Trend Analysis
5.1 Application Movement Analysis & Market Share, 2022 & 2030
5.2 Application Movement Analysis & Market Share, 2022 & 2030
5.3 Canada Plastic Decking Market Estimates & Forecast, By Application (Million Sq. Ft.) (USD Million)
5.3.1 Residential
5.3.2 Commercial
5.3.3 Industrial
Chapter 6 Canada Plastic Decking Market - Competitive Landscape
6.1 Recent Developments & Impact Analysis, by Key Market Participants
6.2 Vendor Landscape
6.2.1 Company Categorization
6.2.2 List Of Key Distributors & Channel Partners
6.2.3 Key end-users
6.3 Portfolio Analysis/Kraljic Matrix
6.4 Competitive Dynamics
6.4.1 Company Market Share Analysis, 2022
6.4.2 Company Heat Map Analysis
Chapter 7 Canada Plastic Decking Market - Company Profiles
7.1 Participant’s Overview
7.2 Financial Performance
7.3 Product Benchmarking
List of Tables
Table 1 Canada Plastic Decking Market Estimates and Forecast, By Resin, 2018 - 2030 (Million Sq. Ft.)
Table 2 Canada Plastic Decking Market Estimates and Forecast, By Resin, 2018 - 2030 (USD Million)
Table 3 Canada Plastic Decking Market Estimates and Forecast, By Application, 2018 - 2030 (Million Sq. Ft.)
Table 4 Canada Plastic Decking Market Estimates and Forecast, By Application, 2018 - 2030 (USD Million)
Table 5 Recent Developments & Impact Analysis, by Key Market Participants
Table 6 Company Market Share, 2022
Table 7 Company Heat Map Analysis
List of Figures
Fig. 1 Canada Plastic Decking market segmentation
Fig. 2 Information Procurement
Fig. 3 Data Analysis Models
Fig. 4 Market Formulation And Validation
Fig. 5 Data Validating & Publishing
Fig. 6 Market Snapshot 2022
Fig. 7 Segment Snapshot
Fig. 8 Competitive Landscape Snapshot
Fig. 9 Canada Plastic Market, 2022 (USD Million)
Fig. 10 Canada Plastic Decking Market - Industry Value Chain Analysis
Fig. 11 Canada Polyethylene Price Trend Analysis, 2018 - 2022
Fig. 12 Polypropylene Price Trend Analysis, 2018 - 2022
Fig. 13 Polyvinyl Chloride Price Trend Analysis, 2018 - 2022
Fig. 14 Brent & West Texas Intermediate (WTI) Crude Oil Prices, 2017-2022 (USD/Barrel)
Fig. 15 Canada Plastic Decking Market: PORTER’s Analysis
Fig. 16 Canada Plastic Decking Market: PESTEL Analysis
Fig. 17 Canada Plastic Decking Market, by Resin: Key Takeaways
Fig. 18 Canada Plastic Decking Market, by Resin Market Volume Share, 2022 & 2030
Fig. 19 Canada Plastic Decking Market, by Resin: Market Revenue Share, 2022 & 2030
Fig. 20 High-Density Polyethylene (HDPE) market estimates & forecasts, 2018 - 2030 (Million Sq. Ft.) (USD Million)
Fig. 21 Low-density polyethylene (LDPE) market estimates & forecasts, 2018 - 2030 (Million Sq. Ft.) (USD Million)
Fig. 22 Polypropylene market estimates & forecasts, 2018 - 2030 (Million Sq. Ft.) (USD Million)
Fig. 23 Polyvinyl Chloride market estimates & forecasts, 2018 - 2030 (Million Sq. Ft.) (USD Million)
Fig. 24 Canada Plastic Decking Market, by Application: Key Takeaways
Fig. 25 Canada Plastic Decking Market, by Application Market Volume Share, 2022 & 2030
Fig. 26 Canada Plastic Decking Market, by Application: Market Revenue Share, 2022 & 2030
Fig. 27 Residential market estimates & forecasts, 2018 - 2030 (Million Sq. Ft.) (USD Million)
Fig. 28 Commercial market estimates & forecasts, 2018 - 2030 (Million Sq. Ft.) (USD Million)
Fig. 29 Industrial market estimates & forecasts, 2018 - 2030 (Million Sq. Ft.) (USD Million)
Fig. 30 Key Company Categorization
Fig. 31 Portfolio Analysis/Kraljic Matrix
Fig. 32 Company Market Share Analysis, 2022

Companies Mentioned

  • Green Bay Decking
  • TAMKO Building Products LLC
  • UPM (UPM ProFi)
  • UFP Industries, Inc.
  • Advanced Environmental Recycling Technologies, Inc.
  • Azek Building Products, Inc.
  • Cardinal Building Products
  • Certainteed Corporation
  • Fiberon

Methodology

Loading
LOADING...

Table Information