New York, NY -- (SBWIRE) -- 06/05/2019 -- Market Size – USD 3.56 Billion in 2018, Market Growth - CAGR of 10.82%, Market Trends – Product launches and research for advanced plastic decking

According to the current analysis of Reports and Data, the global plastic decking market was valued at USD 3.56 Billion in 2018 and is expected to reach USD 7.91 Billion by year 2026, at a CAGR of 10.82 %. The study covers various features and types of plastic decking. Plastic decking is an elevated flat surface construction used in building facades made from recycled plastic material. It is highly resistant and requires low maintenance to enhance the aesthetic value and quality of the deck. Further, these materials are also resistant to moisture and humidity, which increase its demand in construction sector.

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The global plastic decking is propelled by number of factors such as changing lifestyle, replacement to usage of traditional materials in decking, rapid urbanization and industrialization. However, continuous fluctuations in the prices of raw materials, high costs, easy availability of easy substitutes are major hindrance to the global plastic decking market.

Further key findings from the report suggest
- Plastic decking is really tough, rigid, moisture resistant and is available in various kinds of patterns, designs for easy personalization

- Further, plastic decking can be used anywhere outdoors. The installation process is fast and easy with the click system and few technical skills. The planks are only plugged into each other and thus form a stable surface
- Most of the plastic decking manufacturers provide with lifetime warranties that cover your basic wear and tear. Usually, plastic decking companies provide a minimum 30-year limited warranty for staining and fading

- Unfortunately, plastic decking might expand and contract in certain climates, loosening joints and making decks unstable. Under hot summers, they grow uncomfortably hot to walk on with barefoot.

- On the basis of type, High density Polyethylene (HDP) and Low-density Polyethylene (LDP) have the maximum share in the global plastic decking market. HDPE is sturdy and stiff which is primarily used in residential sector whereas LDPE comprises of strength additives useful for manufacturing decking products. HDPE and LDPE collectively hold 66.6% of the total market share in the global plastic decking market.

- North America is the largest consumer of plastic deck owing to its rapid growth of construction and infrastructural development. North accounts for 42.7% of the total market share in plastic decking market. Asia Pacific region is anticipated to be fastest growing region due to its increasing demand from construction and infrastructural development. It holds of the total market share in the global decking market.

- The residential sector is the fastest growing segment in the plastic decking market during the forecast period owing to its qualities such as low maintenance cost, resistance to thermal expansion and contraction when exposed to sunlight and resistance to splinter and corrosion. It accounts for 57.7% of the total market share.

- Key players in the global plastic decking market include Duralife Decking and Railing systems, Trex Company Inc, Fiberon LLC, Green Bay Decking, Tamco Building products Inc., UPM Kymmene Corporation and Universal Forests Products, Inc, Advanced Environmental Recycling Technologies Inc., Azek Building Products Inc., Cardinal Building products, Certainteed Corporation

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Resin Type (Revenue, USD Million; 2016–2026)
- Polyvinyl Chloride
- High density polyethylene
- Low density Polyethylene
- Polypropylene

Composite Type (Revenue, USD Million; 2016–2026)
- Capped
- Uncapped

Type of construction (Revenue, USD Million; 2016–2026)
- Repairs& remodeling
- New decks
- Existing constructions
- New constructions

End Use (Revenue, USD Million; 2016–2026)
- Residential
- Non-residential

Regional Outlook (Revenue in USD Million; 2016–2026)
- North America
o U.S.
o Canada
- Europe
o Germany
o France
o UK
o Spain
o Italy
o Rest of the Europe
- Asia Pacific
o China
o India
o Japan
o Rest of Asia-Pacific
- Middle East & Africa
- Latin America
o Brazil

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