A
new research report by Transparency Market Research offers a
comprehensive evaluation of the global Plastic
Decking Market.
The study, titled “Plastic
Decking Market - Global Industry Analysis, Size, Share, Growth,
Trends, and Forecast 2016 - 2024”,
is available for sale on the firm’s website.
Global
Plastic Decking Market: Overview
Plastic
decking, primarily formulated from recycled plastic material or
virgin (new) plastic does not require any filler material. Over the
years, it has become highly popular in the construction industry for
crafting residential decking boards, window lineal, rails and
balusters, door components, fencing, and sliding. Going forward too,
it is slated to sustain its growth momentum on the back of its
durability.
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Report Preview:
Depending
upon the type of polymer, the global market for plastic decking can
be segmented into PVC, HDPE, LDPE, and PP categories. Of these, HDPE
and LDPE are anticipated to hold a sway over the market with maximum
share. This is because HDPE exhibit high strength and stiffness on
account of which they find application in the residential sector and
LDPE contains certain strength-enhancing additives useful for
manufacturing decking products.
Depending
upon the type of composite again, the report splits the global market
for plastic decking into capped and uncapped varieties. Capped
composite decking, prepared by blending pre and post-consumer
recycled plastic and timber mill scraps to obtain solid products, is
expected to rule the market in the near future owing to their
resistance to color fading and rotting. Further, capped composites
have a protective coating of UV inhibitors and anti-oxidants that
prevent the growth of mildew and mold, thereby preventing splintering
and rotting. Uncapped composites, on the other hand, are vulnerable
to staining, fading, mold, and mildew. This explains their
diminishing demand.
Global
Plastic Decking Market: Trends and Opportunities
Some
of the unique perceived benefits of plastic decking is that they are
stain-resistant, do not require finishing, or high maintenance.
Additionally, they are unaffected by splintering which keeps them in
good shape for longer. They do not fade easily and are resistant to
moisture. On account of so many advantages, plastic decking is
gaining widespread popularity in the overall decking industry. Other
prominent growth drivers in the global market for plastic decking are
the burgeoning construction industry which has driven up demand for
low-maintenance superior quality decks.
Countering
the growth in the market, on the other hand, is the fact that plastic
decks expand and contract in certain climates resulting in loosening
joints and making them unstable. Further, in hot climes, plastic
decks can become extremely hot and can actually radiate heat, making
them uncomfortable. However, thrust on research and development to
come up with better products will likely help the market overcome the
aforementioned hurdles and grow at a good clip.
Global
Plastic Decking Market: Regional Outlook
Geographically,
the key segments of the global plastic decking market are North
America, Europe, Latin America, Asia Pacific, and Middle East and
Africa. Of them, North America is likely to account for maximum
demand on account of a strong requirement for low-maintenance
building products in its ever-expanding construction industry.
Besides, stringent norms against use of wood in North America and
Europe have also resulted in swift uptake of plastic decking. In Asia
pacific, the increasing pace of urbanization and changing lifestyles,
particularly in countries of India and China, have resulted in a
surge in new and existing house completions that in turn has stoked
demand for plastic decking.
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to view Sample Report:
Companies
Mentioned in the Report
To
assess the competition prevailing in the global market for plastic
decking, the report has profiled companies such as Advanced
Environmental Recycling Technologies, Inc, Cardinal Building
Products, Certainteed Corporation, Fiberon, LLC, Green Bay Decking,
LLC, Tamko Building Products, Inc., UPM Kymmene Corporation, and
Universal Forest Products, Inc.
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