The global plastic decking market is projected to grow at a CAGR of 11% during 2019 to 2024. The growth of plastic decking market is driven by rising construction industry, development of innovative products, and increase in demand for low-maintenance building products.

Some of the Key Questions answered in this exclusive report are:
Q.1 What are some of the most promising potential, high-growth opportunities for the global plastic decking market by material type (HDPE, LDPE, PP, PVC, and others (PS and PET), composite type (capped composite and uncapped composite), construction type (new and repairs and remodeling), end-use sector (residential and non-residential), and region (North America , Europe, Asia-Pacific, and ROW)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 What are the business risks and threats to the plastic decking market?
Q.4 What are some changing demands of customers in the plastic decking market?
Q.5 What are the new developments in the plastic decking market? Which companies are leading these developments?
Q.6 What strategic initiatives are being implemented by key players for business growth?
Q.7 What are some of the competitive products and processes in this plastic decking area and how big of a threat do they pose for loss of market share via product substitution?
Q.8 What M&A activity has occurred in the last 5 years in this plastic decking market?

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Market Segmentation:
Based on composite type, the plastic decking market is segmented into capped composite and uncapped composite. The capped composite segment accounted for the largest share of the market in 2020 and is expected to register the highest CAGR during the forecast period, due to owing to its excellent protection against ultra-violet radiations and oxidation. Capped composites also provide low cost maintenance and superior aesthetics as compared to natural wood decking products.
North America will remain the largest region over the forecast period due to increasing residential and non-residential construction activities along with the growing population and economic development in the region.
Key Players in the plastic decking market are UPM Kymmene, Universal Forest Products, Advanced Environmental Recycling Technologies, Fiberon, Azek, Certainteed Corporation, Duralife Decking and Railing Systems, Green Bay Decking, and Tamko.
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The report helps stakeholders understand the pulse of the market and provides them with information on key drivers, restraints, challenges, and opportunities for market growth. It would also help to understand the competitors better and gain more insights to improve their position in the business.
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Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
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