Composite Decks and Railings market size will reach US $ 4.3 billion in 2026, says Stratview Research
RAIPUR, India, October 20, 2021 / PRNewswire / – Stratview Research Announces the Release of New Research Report on Composite Decks and Railings Market by Product Type (Decks and Railings), by Type (composite with cap and composite without cap), by resin type (polyethylene, polypropylene, polyvinyl chloride), Others), by application type (residential and non-residential buildings), after sale to end-user type (dealer, building contractor and home improvement retailer), after sale to manufacturer type (single-stage / direct sales and two-step distribution) and by region (North America, Europe, Asia Pacific and rest of the world) Size, Trend, Forecast, Competitive Analysis and Growth Opportunities: 2021-2026.
This strategic valuation report by Stratview Research offers a comprehensive analysis reflecting today’s market realities for composite decks and railings and the future market opportunities for the forecast period 2021-2026. The report segments and analyzes the market in the most detailed way to get a panoramic view of the market. The key data / information provided in the report can play a crucial role for market participants and investors in identifying low hanging fruits available in the market as well as in formulating growth strategies.
Composite Decks and Railings Market: Highlights
Composite decking is a man-made building material made from an approximately equal combination of recycled wood fibers and recycled plastics. Composite decking has a significantly longer lifespan than wooden decking because it is so robust and rot-resistant. Composite decking boards are mainly of two types: Capped Composite and Uncapped Composite. Capped composite decking is a type of wood plastic composite (WPC) product with a top layer and a core layer made of functional plastics (mostly HDPE and PP) and natural fibers (wood powder), with a certain number of additives (anti-UV agents), antioxidants, adhesion promoters , Lubricant, dye, etc.) is added and processed using special mixing and shaping equipment. Manufacturers use natural and synthetic elements to create composite decks. Most composite decking is made from wood fiber, virgin or recycled plastic, and chemical additives. The composite decking can be made from polypropylene, polyethylene, or completely wood-free polymers.
In contrast to other hardware stores, where the sudden outbreak of the pandemic caused demand to collapse in all regions, the manufacturers represented uncharted territory in the market for composite decks and railings with growth of over 9.0% in 2020 United States of America, the largest market, grew significantly during this difficult time, largely due to the increased demand for composite decks among existing homeowners. Homeowners are opting for more environmentally friendly products and are increasing activities in do-it-yourself (DIY) and outdoor living projects.
To increase demand for composite decks and railings amid the pandemic, leading companies have lowered prices to make their products affordable. The big players have also increased their capacities in order to meet the increasing demand. Long term, the composite deck and railing market will grow with a healthy CAGR of 5.4% over the next five years to reach $ 4.3 billion by 2026.
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Based on the product type, the terrace is expected to grow faster in the market during the forecast period as the terrace products offer various advantages such as: In addition, since decking is lightfast and dirt-repellent, it is convenient to clean and it also has high colorfastness.
It is expected that capped composites will improve in the forecast period due to their properties, such as Encapsulated composites also offer extremely low maintenance costs and superior aesthetics over natural wood decking and railing products. Because of their physical properties, they are widely used in residential and non-residential applications.
Based on resin type, the polyethylene segment has the largest market share in the composite decking and railing market. Polyethylene resin has increased strength and sturdiness that is suitable for residential applications and requires a 16-inch joist in the center. However, it is estimated that polypropylene will be the fastest growing type of resin over the forecast period. They counteract thermal expansion and shrinkage, making them suitable for making composite decking and railings in regions with elevated temperatures.
Based on the type of application, living is estimated to be the fastest growing segment in the forecast period. The properties of composite decking and railings, such as resistance to thermal expansion and contraction when exposed to sunlight, and resistance to splinters and rot, are beneficial in applications.
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Regarding the regions are currently North America is the largest purchaser of composite decking and railings. In terms of the country, that is United States of America, Germany, and China are the growth engines of the world market. North America is expected to remain the largest buyer in the world market for the next five years Asia Pacific subject to the fastest growth in market development after the pandemic. In the developed regions, the penetration of composite decks and railings has increased steadily, mainly the United States of America.
Over the years the market for composite decks and railings has gradually consolidated, with large companies entering into mergers and acquisitions to take the lead in this fast growing market. Some of the major players in the composite decking and railing market are listed below:
- Trex company
- The Azek company
- Fiberon LLC
- UPM bio-composites
- CertainTeed always new
- Guofeng WPC Ltd
- Outdoor life hair clip
- Tamko Bauprodukte GmbH
- Cali bamboo
- DuraLife decking and railings
This report provides market information in the most comprehensive way possible. The reporting structure has been designed to provide maximum business value. It offers critical insights into market dynamics and enables strategic decisions for both existing and market entrants. The following are the main features of the report:
- Market structure: overview, industry life cycle analysis, supply chain analysis.
- Market Environment Analysis: Growth Drivers and Restraints, Porter’s Five Forces Analysis, SWOT Analysis.
- Market trend and forecast analysis.
- Market segment trend and forecast.
- Competitive landscape and dynamics: market share, product portfolio, product launches, etc.
- Attractive market segments and the associated growth opportunities.
- Emerging trends.
- Strategic growth opportunities for existing and new players.
- Key factors for success.
This report studies the global Composite Decks and Railings Market and has segmented the market into seven types, taking into account the interests of all stakeholders along the value chain. The following are the seven types of market segmentation:
Composite Decks and Railings Market by Product Type
- Decks (Regional Analysis: North America, Europe, Asia Pacific, and line)
- Railing (regional analysis: North America, Europe, Asia Pacific, and line)
Composite Decks and Railings Market by Type
- Capped Composite (Regional Analysis: North America, Europe, Asia Pacific, and line)
- Composition without a cap (regional analysis: North America, Europe, Asia Pacific, and line)
Resin Type Composite Decks and Railings Market
- Polyethylene (Regional Analysis: North America, Europe, Asia Pacific, and line)
- Polypropylene (Regional Analysis: North America, Europe, Asia Pacific, and line)
- Polyvinyl chloride (regional analysis: North America, Europe, Asia Pacific, and line)
- Others (regional analysis: North America, Europe, Asia Pacific, and line)
Composite Decks and Railings Market By Application Type
- Housing (regional analysis: North America, Europe, Asia Pacific, and line)
- Non-residential area (regional analysis: North America, Europe, Asia Pacific, and line)
Composite Decks and Railings Market By Sales To End User Type
- Dealer (regional analysis: North America, Europe, Asia Pacific, and line)
- Builders / contractors (regional analysis: North America, Europe, Asia Pacific, and line)
- Home Improvement Retailers (Regional Analysis: North America, Europe, Asia Pacific, and line)
Composite Decks and Railings Market by Sales, by Manufacturer Type
- One-stage / direct sales (regional analysis: North America, Europe, Asia Pacific, and line)
- Distribution in two steps (regional analysis: North America, Europe, Asia Pacific, and line)
Composite Decks and Railings Market by Region
- North America (country analysis: The United States of America, Canada, and Mexico)
- Europe (country analysis: Germany, France, The United Kingdom, Russia, and the rest Europe)
- Asia-Pacific (country analysis: Japan, China, India, and the rest Asia Pacific)
- Rest of the world (country analysis: Brazil, Argentina, and other)
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