Composite Decking Market To Grow By USD 2.82 Billion (2024-2028), Driven By Construction Revival And AI-Driven Market Transformation - Technavio

• 1.1 Residential
• 1.2 Non-residential

• 2.1 Polyethylene
• 2.2 Polypropylene
• 2.3 Polyvinyl chloride
• 2.4 Others

• 3.1 North America
• 3.2 Europe
• 3.3 APAC
• 3.4 South America
• 3.5 Middle East and Africa

1.1
Residential-
The residential segment of the composite decking market is anticipated to experience significant growth due to the increase in residential construction activities in the US, Europe, and Asia Pacific (APAC) regions. Factors such as increasing disposable incomes, urbanization, and government initiatives are driving the demand for new residential constructions and public infrastructure in countries like China, India, Malaysia, and Indonesia. The recovery of the global housing market in the US, Canada, Germany, and Spain is also expected to fuel the demand for composite decking. In the US, the residential building industry has benefited from expansionary monetary policies and record-low mortgage rates, leading to an increase in housing demand. Additionally, growing investments by countries like the US and Germany for remodeling and renovation of residential buildings will further boost the market growth. The Middle Eastern region, particularly the UAE, is also witnessing in residential construction activities, with projects like Azizi Developments' Riviera Reve in Dubai, which includes 25 luxury buildings and over 5,000 houses, contributing to the market expansion. Despite the temporary halt of residential construction activities due to COVID-19 lockdowns, the long-term growth prospects of the market remain positive, driven by the factors mentioned above.

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Composite decking is a popular choice for homeowners and contractors due to its durability and low maintenance properties. This building material is made from a combination of natural wood fibers and plastic resins, creating varieties such as capped composite decking with a protective shell. While initial costs may be higher than natural wood, composite decking offers benefits like resistance to fading, staining, scratching, and high load-bearing capacity. Resin types used in composite decking include polyethylene and polypropylene, with a shift in trend towards the latter due to its superior performance. Composite decking railing is also available, offering a cohesive look for outdoor spaces. Other advantages include low thermal expansion, resistance to slip, and color stability. Raw material costs and segmentation, including form (solid or hollow), have influenced product offerings from companies like Cardinal Building Products, Green Bay Decking, Fiberon, and MoistureShield. The building and construction industry has seen a rise in demand for composite decking due to its benefits, while the requirement for natural wood is lessening due to harvesting and regulatory concerns.

Composite decking is a popular choice for homeowners and contractors seeking low-maintenance, weather-resistant solutions for their outdoor living spaces. This market offers various varieties, including capped composite decking with a protective shell, to ensure durability against fading, staining, scratching, and high foot traffic. Composite decking is known for its load-bearing capacity and resistance to slip, making it an ideal option for both residential and commercial projects. The shift in trend towards sustainable materials has boosted the composite decking market. Resin types, form, and segmentation are key factors influencing product offerings. Capped composite decking, with its low thermal expansion and color stability, is a top choice for clients seeking design versatility. However, raw material costs and color fading can be restraining factors. Interviews with industry executives reveal a rise in demand for composite decking railings and luxury lines. The Building and Construction Industry Association and other industry associations provide valuable data triangulation on market trends. The Transcend Lineage and other luxury composite decking lines cater to the growing demand for high-end, long-lasting outdoor living solutions.

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

• Application
  • Residential
  • Non-residential
• Type
  • Polyethylene
  • Polypropylene
  • Polyvinyl Chloride
  • Others
• Geography
  • North America
  • Europe
  • APAC
  • South America
  • Middle East And Africa

7
Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

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SOURCE Technavio

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