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Plastic Decking Market: Trends, Opportunities, and Forecasts for 2018-2028

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Kumar
Plastic Decking Market: Trends, Opportunities, and Forecasts for 2018-2028

The Global Plastic Decking Market is expected to experience strong growth from 2024 to 2028, as per the TechSci Research report on Plastic Decking Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018–2028. Plastic decking, also known as PVC decking, is made entirely of plastic wood and has many advantages over traditional wood decking. Synthetic terraces require low maintenance and do not need to be sanded, sealed, painted, or stained. Moreover, plastic decking is resistant to debris, moisture, and insect infestation. This durability significantly increases the life of projects and adds value for future generations. The growth of synthetic decking is driven by the increased aesthetic value that it adds to buildings and structures due to urbanization.

The durability of advanced materials like HDPE and LDPE is outstanding. Furthermore, the diverse attributes provided by synthetic decks, such as their ability to resist dampness, are among the multiple factors that support the introduction of such products, leading to market growth. Additionally, plastic decking finds wide-ranging applications in various housing sectors, which is expected to propel the expansion of the target market in the coming years. The popularity of plastic decking market is further boosted by changing lifestyles and the trend towards low maintenance, high quality decks.

However, the biggest constraints in the market are the availability of substitutes and changes in raw material prices. Increasing urbanization worldwide has led to a higher demand for synthetic decks to enhance the aesthetic value of buildings and structures. The market offers common types of decking boards such as High-Density Polyethylene (HDPE), Low-Density Polyethylene (LDPE), Polyvinyl Chloride (PVC), and Polypropylene. HDPE and LDPE are the main market drivers due to their durability in residential applications. Additionally, recycled plastic is flexible and resilient, making it suitable for decking and outdoor furniture applications.

Browse over XX market data Figures spread through XX Pages and an in-depth TOC on "Global Plastic Decking Market" - https://www.techsciresearch.com/report/global-plastic-decking-market/2465.html

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.

 

“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.

“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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About TechSci Research:

TechSci Research is a research based management consulting firm providing market research and advisory solutions to its customers worldwide, spanning a range of industries. TechSci Research’s core values are value, integrity and insight. Led by a team of dynamic industry experts, TechSci Research provides its customers with high value market research and advisory services that helps them identify new market opportunities, growth engines and innovative ways to capture the market share. As a result, TechSci’s client leads rather than follow market trends. Not bound by legacy, TechSci’s cutting-edge research model leverages its decades of research knowledge and an increased use of technology as engines of innovation to deliver unique research value. Provided as an alternative to traditional market research, TechSci Research reports do not just deliver data and knowledge rather highlights the insights in a more usable and interactive format for its clients.

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