Plastic decking is a flat surface typically constructed in the façade of a building, elevated from the ground. It is predominantly made from recycled plastic material or virgin (new) plastic and does not require filler material for its formulation. Plastic decking is highly stain-resistant, and does not involve finishing or long hours of maintenance. It is unaffected by splintering which further helps maintain the aesthetic value and quality of the decks. Plastic decking also exhibits excellent fade and moisture resistance. Therefore it can be installed in regions with a high count of humidity and heavy rainfalls. Due to its extensive durability, plastic decking is widely used in the construction industry for residential decking boards, rails and balusters, window lineal, door components, fencing, and sliding.
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Based on the polymer type, the market for plastic decking is divided into the HDPE, LDPE, PVC, and PP categories. HDPE and LDPE are expected to be the dominant segments. The former displays high strength and stiffness, and can therefore be employed in the residential sector, while the latter contains certain strength-enhancing additives useful for manufacturing decking products. Based on composite type, the market is split into the capped and uncapped varieties. Capped composite decking is manufactured via the process of blending pre and post-consumer recycled plastic and timber mill scraps to obtain solid products. It is anticipated to hold a major share in the plastic decking market over the forecast period, primarily due to its distinctive features such as resistance to color fading and rotting. Capped composites have a protective layer comprising UV inhibitors and anti-oxidants which further helps inhibit the growth of mildew & mold, thereby preventing splintering and rotting. These are a few factors driving the plastic decking market. Uncapped composites are vulnerable to staining, fading, mold, and mildew, thus constituting a minor share in the market.
The increasing number of residential buildings and rising demand for low-maintenance quality ducks are some of the propellants of the plastic decking market, apart from its unique characteristics such as low maintenance, superior aesthetics, quality, and durability. However, plastic decking tends to expand and contract in hot climate conditions and radiate heat, which renders it user-unfriendly. Expansion also causes its joints to loosen and makes the deck unstable – this might be a hindrance faced by the plastic decking market. However, new inventions offer immense opportunities to market players to come up with new products which fulfill all the desired needs and overcome the above-mentioned hurdles.
Globally, the market for plastic decking is distributed over North America, Europe, Latin America, Asia Pacific, and Middle East & Africa. Demand is likely to be high in North America, especially in the construction industry, due to a growing requirement of low-maintenance building products. Furthermore, stringent regulations on the utilization of wood in North America and Europe have prompted environmental and governmental agencies in many countries to make usage of plastic decking mandatory. Rising urbanization and changing lifestyles in countries such as India and China have resulted in a surge in new and existing house completions, which in turn motivates the market for plastic decking.
Key players in this market include Advanced Environmental Recycling Technologies, Inc, Azek Building Products, Inc, Cardinal Building Products, Certainteed Corporation, Duralife Decking and Railing Systems, Fiberon, LLC, Green Bay Decking, LLC, Tamko Building Products, Inc., UPM Kymmene Corporation, and Universal Forest Products, Inc.
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The study is a source of reliable data on:
-Market segments and sub-segments
-Market trends and dynamics
-Supply and demand
-Value chain and stakeholder analysis
The regional analysis covers:
-North America (U.S. and Canada)
-Latin America (Mexico, Brazil, Peru, Chile, and others)
-Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and -Luxembourg)
-Eastern Europe (Poland and Russia)
-Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
-Middle East and Africa (GCC, Southern Africa, and North Africa)