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 (dealers, builders / construction companies and home improvement retailers), 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.

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This strategic valuation report by Stratview Research offers a comprehensive analysis that reflects 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 product (WPC) 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, lubricants, colorants, etc.) 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.

The story goes on

In contrast to other hardware stores, where the sudden outbreak of the pandemic collapsed demand in all regions, manufacturers here 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 moving towards greener products and 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 cut 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 more rapidly 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.

Capped composites are expected to grow faster in the market during the forecast period due to their characteristics such as exposure to breakage, decomposition, development of mold and mildew, and color loss. 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 the type of resin, 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 resin type over the forecast period. They counteract thermal expansion and shrinkage and are therefore suitable for the production of decking boards and railings made of composite material 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 is the United States of America, Germany, and China are the growth engines of the world market. North America is likely to remain the largest buyer in the world market for the next five years while Asia Pacific subject to the fastest growth in market development after the pandemic. The penetration of composite decks and railings in the developed areas has increased steadily, especially in 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 key players in the Composite Decks and Railings market are listed below:

Reporting functions

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 to 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 limitation (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

  • Single-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 UK, 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)

Stratview Research has several high quality market reports in the construction industry. You can browse our reports under the following link:

https://www.stratviewresearch.com/market-reports/Construction-Equipment.html

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We have a strong team of industry veterans and analysts with extensive experience in carrying out tailor-made research projects for medium-sized to Fortune 500 companies in the areas of market valuation, opportunity screening, competitive intelligence, due diligence, target screening, market entry strategy, go to market Strategy and Voice of Customer Studies.

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