Plastic Decking Market 2019-2024


Posted November 5, 2019 by shubhamverma

Trends, opportunities and forecast in plastic decking market to 2024 by material type, composite type, construction type, end-use sector and region.

 
According to a new market report published by Lucintel, the future of the plastic decking market looks promising with opportunities in the residential and non-residential sector. The plastic decking market is expected to grow with a CAGR of 11% from 2019 to 2024. The major growth drivers for this market are rising construction industry, development of innovative products, and increase in demand for low-maintenance building products.
In this market, high-density polyethylene (HDPE), low-density polyethylene (LDPE), polyvinyl chloride (PVC), and polypropylene (PP), are the major material types used for manufacturing of plastic decking.
Within the plastic decking market, capped and uncapped are the major composite types. The capped composite segment has witnessed strong demand in the recent years 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.
UPM Kymmene, Universal Forest Products, Advanced Environmental Recycling Technologies, Fiberon, Azek, Certainteed Corporation, Duralife Decking and Railing Systems, Green Bay Decking, and Tamko are among the major manufacturers of plastic decking.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the plastic decking market by material type, composite, type of construction, end use sector, and region. Lucintel has prepared a comprehensive research report titled "Plastic Decking Market 2019-2024: Trends, Forecast, and Opportunity Analysis". The Lucintel report serves as a catalyst for growth strategy as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the plastic decking market by material type, composite, type of construction, end use sector, and region as follows:
By Material Type [$M shipment analysis for 2013 – 2024]:
• HDPE
• LDPE
• PP
• PVC
• Others
By Composite Type [$M shipment analysis for 2013 – 2024]:
• Capped Composite
• Uncapped Composite
By Construction Type [$M shipment analysis for 2013 – 2024]:
• New
• Repairs and Remodeling
By End-Use Sector [$M shipment analysis for 2013 – 2024]:
• Residential
• Non-residential
o Office
o Retail
o Education
o Healthcare
o Others
By Region [$M shipment analysis for 2013 – 2024]:
• North America
• United States
• Canada
• Mexico
• Europe
• UK
• Germany
• Italy
• Asia Pacific
• China
• Japan
• India
• Rest of the World
This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this …….. [email protected].
About Lucintel
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.
This report addresses the following key questions:
Q.1. What are some of the most promising potential, high-growth opportunities for the plastic decking market by material type (HDPE, LDPE, PP, PVC, and Others (PS and PET), composite (capped composite and uncapped composite), construction (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. Which regions will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the drivers and challenges of the plastic decking market?
Q.5. What are the business risks and threats to the plastic decking market?
Q.6. What are emerging trends in this plastic decking market and the reasons behind them?
Q.7. What are some changing demands of customers in the plastic decking market?
Q.8. What are the new developments in the plastic decking market? Which companies are leading these developments?
Q.9. Who are the major players in this plastic decking market? What strategic initiatives are being implemented by key players for business growth?
Q.10. 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 material or product substitution?
Q.11. What M & A activities have taken place in the last 5 years in plastic decking market?
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Issued By Plastic Decking Market
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Tags plastic decking market
Last Updated November 5, 2019