Global Plastic Decking Market: Overview
Plastic
decking, primarily formulated from recycled plastic material or virgin (new)
plastic does not require any filler material. Over the years, it has become
highly popular in the construction industry for crafting residential decking
boards, window lineal, rails and balusters, door components, fencing, and
sliding. Going forward too, it is slated to sustain its growth momentum on the
back of its durability.
Depending
upon the type of polymer, the global
market for plastic decking can be segmented into PVC, HDPE, LDPE, and
PP categories. Of these, HDPE and LDPE are anticipated to hold a sway over the
market with maximum share. This is because HDPE exhibit high strength and
stiffness on account of which they find application in the residential sector
and LDPE contains certain strength-enhancing additives useful for manufacturing
decking products.
Depending
upon the type of composite again, the report splits the global market for
plastic decking into capped and uncapped varieties. Capped composite decking,
prepared by blending pre and post-consumer recycled plastic and timber mill
scraps to obtain solid products, is expected to rule the market in the near
future owing to their resistance to color fading and rotting. Further, capped
composites have a protective coating of UV inhibitors and anti-oxidants that
prevent the growth of mildew and mold, thereby preventing splintering and
rotting. Uncapped composites, on the other hand, are vulnerable to staining,
fading, mold, and mildew. This explains their diminishing demand.
Global Plastic Decking Market: Trends and Opportunities
Some of
the unique perceived benefits of plastic decking is that they are
stain-resistant, do not require finishing, or high maintenance. Additionally,
they are unaffected by splintering which keeps them in good shape for longer.
They do not fade easily and are resistant to moisture. On account of so many
advantages, plastic decking is gaining widespread popularity in the overall
decking industry. Other prominent growth drivers in the global market for
plastic decking are the burgeoning construction industry which has driven up
demand for low-maintenance superior quality decks.
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Countering
the growth in the market, on the other hand, is the fact that plastic decks
expand and contract in certain climates resulting in loosening joints and
making them unstable. Further, in hot climes, plastic decks can become
extremely hot and can actually radiate heat, making them uncomfortable.
However, thrust on research and development to come up with better products
will likely help the market overcome the aforementioned hurdles and grow at a
good clip.
Global Plastic Decking Market: Regional Outlook
Geographically,
the key segments of the global plastic decking market are North America,
Europe, Latin America, Asia Pacific, and Middle East and Africa. Of them, North
America is likely to account for maximum demand on account of a strong
requirement for low-maintenance building products in its ever-expanding
construction industry. Besides, stringent norms against use of wood in North
America and Europe have also resulted in swift uptake of plastic decking. In
Asia pacific, the increasing pace of urbanization and changing lifestyles,
particularly in countries of India and China, have resulted in a surge in new
and existing house completions that in turn has stoked demand for plastic
decking.
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Companies Mentioned in the Report
To assess
the competition prevailing in the global market for plastic decking, the report
has profiled companies such as Advanced Environmental Recycling Technologies,
Inc, Cardinal Building Products, Certainteed Corporation, Fiberon, LLC, Green
Bay Decking, LLC, Tamko Building Products, Inc., UPM Kymmene Corporation, and
Universal Forest Products, Inc.
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