Plastic Decking Market Growth and Forecast To 2027 Covid-19 Analysis

Stratview Research has published a new report on the Plastic Decking Market by Company, Regions, Type and Application, Forecast, up to 5 years by Stratview Research offers the most up-to-date market trends as well as an industry growth estimate for 5 years. The report provides a thorough analysis of the market for the forecast period 2021-2025. It reveals a broader picture of the market situation, taking into consideration all major trends, market dynamics, and competitive factors. Moreover, the report contains key statistics concerning the situation of the key players, present, and upcoming market trends, and potential market growth areas. Eventually, these reports are designed to assist readers in retrieving information and making decisions that help to grow their business.

The report also covers analyst opinions and prospects, competitive landscapes, and key regions from both a regional and a global perspective. The report also examines several factors, including driving factors and challenges.

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Analysis of Plastic Decking Market Key Manufacturers:

According to the report, the Plastic Decking Market includes suppliers, product manufacturers, and OEMs. Following is a list of the Key Players in this market.

UPM Kymmene Corporation

Universal Forest Products, Inc.

Advanced Environmental Recycling Technologies, Inc.

Azek Building Products, Inc.

Fiberon LLC.

Growth drivers and Market Value:

This report, from Stratview Research, studies the Plastic Decking Market value and growth drivers over the trend period of 2021-26. According to the report –

Plastic decking market is likely to witness an impressive CAGR of 10.5% during the forecast period. The prime factor that is contributing to the demand for plastic decking is mainly the increasing demand for new constructions across the world, due to rapid urbanization and industrialization with enormous investments being made in the industrial and infrastructure sectors, rising construction activities in emerging economies, and development of innovative products.

Based on Composite Type:

Based on the composite type, the market is segmented as capped composite decking and uncapped composite decking. The capped composite decking segment held the larger share of the market in 2019, and is expected to remain dominant during the forecast period. The extensive use of capped composites is in the residential and non-residential buildings, due to their various physical properties such as resistance to splintering, rotting, growth of mold & mildew, and color fading. Further, these composites have low maintenance cost and superior aesthetics as compared to natural wood decking products. These are the factors fueling the growth of the segment.

Based on Region:

In terms of regions, North America is estimated to be the largest plastic decking market during the forecast period, with the USA and Germany being the major countries with lucrative growth opportunities. The Middle Eastern market in the RoW region is expected to be the fastest-growing market over the forecast period. The growth of the market is driven by increasing construction of residential and non-residential buildings, growing population, economic development, and the presence of a large number of plastic decking manufacturers in the region. Europe and Asia-Pacific are also expected to offer substantial growth opportunities during the forecast period.

Custom Research:

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Research Methodology­ & Features –

This report offers in-depth insights and is the result of detailed research methodology through secondary research, extensive primary interviews with industry key players, and statistical tools. The report provides vital information related to the market dynamics and enables strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

  • Market structure: Overview, industry life cycle analysis, supply chain analysis
  • Market environment analysis: Growth drivers and constraints
  • Market trend and forecast analysis
  • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
  • Attractive market segments and associated growth opportunities
  • Emerging trends
  • Key success factors & more.

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