+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)

Composite Decking - Global Market Trajectory & Analytics

  • PDF Icon

    Report

  • 587 Pages
  • April 2022
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 4804213

Global Composite Decking Market to Reach US$5.8 Billion by the Year 2027


Amid the COVID-19 crisis, the global market for Composite Decking estimated at US$2.8 Billion in the year 2020, is projected to reach a revised size of US$5.8 Billion by 2027, growing at a CAGR of 11.2% over the period 2020-2027. Capped, one of the segments analyzed in the report, is projected to grow at a 11.5% CAGR to reach US$4.3 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Uncapped segment is readjusted to a revised 10.5% CAGR for the next 7-year period. This segment currently accounts for a 28.4% share of the global Composite Decking market.



The U.S. Accounts for Over 32.3% of Global Market Size in 2020, While China is Forecast to Grow at a 15.1% CAGR for the Period of 2020-2027


The Composite Decking market in the U.S. is estimated at US$899.3 Million in the year 2020. The country currently accounts for a 32.34% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$971.8 Million in the year 2027 trailing a CAGR of 15.1% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 8.9% and 10.5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 10.2% CAGR while Rest of European market (as defined in the study) will reach US$971.8 Million by the year 2027.

Select Competitors (Total 110 Featured) -

  • Axion Structural Innovations LLC
  • Azek Building Products, Inc.
  • Certainteed Corporation
  • DuraLife® Decking & Railing Systems
  • Fiberon LLC
  • Green Bay Decking
  • TAMKO Building Products LLC
  • Trex Company, Inc.
  • UPM-Kymmene Corporation

What's New for 2022?

  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to the publisher's digital archives and Research Platform
  • Complimentary updates for one year
Frequently Asked Questions about the Global Market for Composite Decking

What is the estimated value of the Global Market for Composite Decking?

The Global Market for Composite Decking was estimated to be valued at $2.8 Billion in 2020.

What is the growth rate of the Global Market for Composite Decking?

The growth rate of the Global Market for Composite Decking is 11.0%, with an estimated value of $5.8 Billion by 2027.

What is the forecasted size of the Global Market for Composite Decking?

The Global Market for Composite Decking is estimated to be worth $5.8 Billion by 2027.

Who are the key companies in the Global Market for Composite Decking?

Key companies in the Global Market for Composite Decking include Axion Structural Innovations LLC, Azek Building Products, Inc., Certainteed Corporation, DuraLife® Decking & Railing Systems, Fiberon LLC, Green Bay Decking, TAMKO Building Products LLC, Trex Company, Inc. and Kymmene Corporation.

Table of Contents

I. METHODOLOGY


II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Impact of Covid-19 and a Looming Global Recession
  • Year 2021 and Beyond
  • EXHIBIT 1: World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2023
  • Recovery in Construction Industry to Drive Market Growth
  • EXHIBIT 2: World Construction Industry (in US$ Trillion) for the Years 2017, 2019 & 2022
  • EXHIBIT 3: Global Value of Megacity Construction Projects (US$ Billion) in 2019
  • Trends in the Construction Industry Influence Market Uptake
  • Increased Activities of Remodeling and Renovation to Propel the Growth
  • EXHIBIT 4: Global Remodeling Market in US$ Trillion for the Years 2017, 2019, 2021, 2023 and 2025
  • COVID-19 Impact on Plastic Decking Market
  • Home Improvement Projects & Interest in DIY Stimulate Composite Decking Demand amid COVID-19
  • EXHIBIT 5: Composite Decking - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • A Prelude to Plastic Decking
  • Global Market Overview and Market Prospects
  • Affordability and Low Maintenance- Key Driving Forces of the World Plastic Decking Market
  • Capped Decking Leads the Market, Set to Make Big Gains
  • Polyethylene Constitutes the Main Resin
  • Regional Market Analysis
  • United States Leads the Global Plastic Decking Market, Asia-Pacific to Witness Fastest Growth
  • US Decking Market Trends
  • Asia-Pacific Witnesses Rapid Growth, Strong Construction Activity Makes China and India Lucrative Markets
  • Developing Countries Emerge as Hot Spots for Future Growth
  • Recent Market Activity
  • SELECT GLOBAL BRANDS

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

  • Increasing Shift towards Plastic Composite Decking from Natural Wood Counterparts Drive Market Growth
  • PVC Decking Witnesses Increased Popularity
  • Rising Lumber Prices Increases Popularity of Plastic Decking
  • Composite Decking as a Good Alternative to Wood Decks
  • Composite Decking Makers Set Focus on Chipping Away Wood Sales with Better Options
  • Plastic Decking Gains Popularity among Homeowners
  • Customers Seek More Functionality from Decks
  • Value Addition at Affordable Price Points
  • Building Relationships with Remodeling Contractors
  • Serious Efforts by Composite Vendors to Push Share
  • Recent Breakthroughs Make Composite Decking a Cooler Option for Homeowners
  • Composite Decking with Cooler Surfaces
  • Customized Surface Finishes - A New Trend
  • Multi-Width Composite Decking Boards
  • Synthetic, Affordable Decking
  • Hollowed Decking Boards Gain Popularity
  • Innovative Products Widen the Addressable Market
  • Technological Advancements Augment Functional and Design Attributes
  • Favorable Demographic & Socio-Economic Trends Strengthen Market Prospects
  • EXHIBIT 6: World Population (in Thousands) by Geographic Region for the Years 2019, 2030, 2050, and 2100
  • EXHIBIT 7: Top Countries Worldwide in Terms of Population in Millions for the Years 1990, 2019 and 2050
  • Rapid Growth in Urban Households
  • EXHIBIT 8: World Urban Population in Millions: 1950-2050
  • EXHIBIT 9: Degree of Urbanization Worldwide: Urban Population as a % of Total Population by Geographic Region for the Years 1950, 1970, 1990, 2018, 2030, and 2050
  • Growing Affluence of Middle Class Consumer Segment
  • EXHIBIT 10: Global Middle Class Population (In Million) by Region for the Years 2020, 2025 and 2030
  • EXHIBIT 11: Global Middle Class Spending (US$ Trillion) by Region for the Years 2020, 2025, and 2030
  • Rising Living Standards

4. GLOBAL MARKET PERSPECTIVE


III. MARKET ANALYSIS

UNITED STATES

  • Plastic Decking Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (E)
  • Market Anlytics

CANADA


JAPAN


CHINA

EUROPE

  • Plastic Decking Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2022 (E)
  • Market Anlytics

FRANCE


GERMANY


ITALY


UNITED KINGDOM


SPAIN


RUSSIA


REST OF EUROPE


ASIA-PACIFIC


AUSTRALIA


INDIA


SOUTH KOREA


REST OF ASIA-PACIFIC


LATIN AMERICA


ARGENTINA


BRAZIL


MEXICO


REST OF LATIN AMERICA


MIDDLE EAST


IRAN


ISRAEL


SAUDI ARABIA


UNITED ARAB EMIRATES


REST OF MIDDLE EAST


AFRICA

IV. COMPETITION

  • Total Companies Profiled: 110

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Axion Structural Innovations LLC
  • Azek Building Products, Inc.
  • Certainteed Corporation
  • DuraLife® Decking & Railing Systems
  • Fiberon LLC
  • Green Bay Decking
  • TAMKO Building Products LLC
  • Trex Company, Inc.
  • UPM-Kymmene Corporation