Dec 12, 2018   SOURCE: BusinessWire

The 2018 Global Plastic Decking Market - Technologies, Market Share and Industry Forecast to 2024 - ResearchAndMarkets.com

The "Global Plastic Decking Market- Technologies, Market share and Industry Forecast to 2024" report has been added to ResearchAndMarkets.com's offering.

Global plastic decking market is anticipated to reach $2.55 Billion in 2015 to $4.93 Billion by 2024 with an attractive CAGR of 10.87% during 2017-2024.

Increasing demand for plastic decking in emerging economies is one of the primarily driver who strengthen the demand of plastic decking market worldwide.

Moreover, increasing plastic decking demand in residential segment, developments of innovative products, large-scale investments in the industrial and infrastructure sectors are the further key drivers of the market.

On the other side, availability of substitute and fluctuations in cost of raw materials are the major key restraints that are creating negative impact on the demand of plastic decking market globally.

The plastic decking market is segmented on the basis of resin type, composite type, construction type, and end-user sector. According to the resin type, is further divided into high-density polyethylene, low-density polyethylene, polyvinyl chloride, and polypropylene. According to the composite type, is further divided into capped composite decking and uncapped composite decking.

According to the construction type, is further divided into repairs and remodeling, new decks on existing houses, and new decks on new houses. And the last one is by end-user, is further divided into residential and non-residential.

On the basis of geography, the global plastic decking market is segmented into four major regions such as North America, APAC, Europe and RoW. Currently, North America dominates the demand of plastic decking market and U.S. contributes the major market share due to the recovery of U.S. residential market and increasing demand of low maintenance building products.

Apart from this, Asia-Pacific is the fastest growing market due to increasing demand of plastic decking and large-scale investments in the industrial and infrastructure sectors specifically in India, China and Japan countries.

Market Dynamics

Drivers

  • Higher Demand for Plastic Decking in Emerging Economies
  • Residential Sector Dominated the Plastic Decking Market
  • Development of Innovative Products
  • Increase in Demand for Low-Maintenance Building Products
  • Large-Scale Investments in the Industrial and Infrastructure Sectors

Restraints

  • Fluctuation in Cost of Raw Materials
  • Availability of Substitutes

Opportunities

  • Rise in New Construction Projects in Emerging Economies
  • Increasing Demand of Polyethylene (PE) Resin Type

Challenges

  • Lack of Awareness
  • Economic Downturn

Key Topics Covered

1. Introduction
2. Market Overview
3. Market Determinants
4. Market Segmentation
5. Competitive Landscape
6. Global Plastic Decking Market, by Region
7. Company Profiles
  • Advanced Environmental Recycling Technologies Inc.
  • AZEK Building Products Inc.
  • Cardinal Building Products
  • Certainteed Corporation
  • Composite Wood Company
  • Duralife Decking & Railing Systems
  • Ecospace
  • Fiberon LLC
  • Green Bay Decking LLC
  • London Decking Company
  • Tamko Building Products Inc.
  • Timbertech
  • TREX
  • Universal Forest Products Inc.
  • UPM Kymmene Corporation

For more information about this report visit https://www.researchandmarkets.com/research/w53882/the_2018_global?w=4