Global Composite Decking and Railing Market Trends, Applications, Analysis, Growth, and Forecast to 2028
“Global Composite Decking and Railing Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global composite decking and railing market report has been segmented on the basis of resin type, curing technique, application, end-use industries, and region.
Composite Decking & Railing Market: Introduction
Composite decking is a building product includes an approximate equal amount of recycled plastic and recycled wood fibers. Composite decking products have excellent durability and resistant’s, thus they have a longer lifespan as compare to wood decks. Composite decking products offers various advantages such as low maintenance cost, resistant to insects and mold, etc. In addition, new capped composite decking products are fade and stain resistant, thus it is easier to clean it and has high color retention.
Composite Decking & Railing Market: Dynamics
Rising demand for composite decking and railing products across different applications such as residential and non-residential is a major factor expected to drive growth of the target market in the next 10 years. In addition, increasing adoption of composite decking and railing products, owing to various properties offered by these products such as low thermal expansion, color fading, and resistance to slip, among others is another factor expected to support revenue growth of the global market over next few years.
In addition, increasing demand for the low maintenance cost building products, coupled with increasing investments for development of innovative products are other factors projected to drive growth of the global market.
However, availability of substitutes for these products is a major factor estimated to hamper growth of the target market to certain extent.
Composite Decking & Railing Market: Segment Analysis
On the basis of type, capped composites segment is expected to register major share in term of revenue in the global composite decking and railing market. Capped composites offer various advantages such as low maintenance cost and improved aesthetics as compared to other natural wood decking and railing products. The capped composites segment revenue is anticipated to register largest CAGR over the forecast period.
On the basis of resin type, polyethylene segment is expected to register moderate share in terms of revenue in the global composite decking and railing market. Polyethylene resins are classified into low density polyethylene (LDPE) and high density polyethylene (HDPE). The products manufactured with HDPE hold high stiffness and strength. LDPE products contain additives, which help to increase the product strength. HDPE resin offers high strength and stiffness, thus make it ideal product for residential applications requiring 16-inch joist on center. The polyethylene segment revenue is estimated to register highest CAGR over the forecast period.
On the basis of application, non-residential segment is estimated to register moderate share in term of revenue in the global composite decking and railing market. The non-residential applications include docks, public boardwalks, marinas, commercial establishment flooring and patios, among others. The non-residential segment revenue is projected to register largest CAGR over the forecast period.
Composite Decking & Railing Market: Region Analysis
North America composite decking and railing market is estimated to account for moderate share in terms of revenue in the global market. Asia Pacific composite decking and railing market is projected to register faster growth in terms of revenue over the next 10 years, owing to increasing adoption of composite decking and railings products in various residential and non-residential applications.
Global composite decking and railing market segmentation:
Segmentation by type:
- Capped Composites
- Uncapped Composites
Segmentation by resin type:
- Polyvinyl chloride
- Other Resins
Segmentation by application:
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2020 Estimated Year 2021 Forecast Period 2021–2030 Revenue in US$
- Henkel AG & Co. KGaA
- ELANTAS Beck India Limited
- Master Bond Inc.
- Dymax Corporation
- Electrolube Limited
- ACC Silicones Ltd.
- efi Polymers, Inc.
- Epic Corporation
- M&G Chemicals SA
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