Growth Spotlight: Exploring Plastic Decking Market Opportunities and Strategies for Maximizing Revenue

ishadeshpande Uncategorized January 15, 2024 | 0

The global plastic decking market size was USD 4.79 Billion in 2022 and is expected to register a revenue CAGR of 10.7% during the forecast period. Rising demand for modern constructions such as outdoor living spaces and backyard renovations, rapid industrialization and urbanization across the globe are some of the factors expected to drive market revenue growth.

The latest market intelligence report underscores the impact of the COVID-19 pandemic on the global Plastic Decking market, offering deep insights into the pandemic’s adverse effects on the global economy and, consequently, this particular business sector. The report carefully gauges the key market-influencing factors and considers the COVID-19 pandemic as one of the contributing elements for this industry’s potential downturn. Following the pandemic, drastic changes have been observed in the market dynamics and demand trends, which have caused financial difficulties for the businesses operating in this sector.

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Competitive Terrain:

The global Plastic Decking industry is highly consolidated owing to the presence of renowned companies operating across several international and local segments of the market. These players dominate the industry in terms of their strong geographical reach and a large number of production facilities. The companies are intensely competitive against one another and excel in their individual technological capabilities, as well as product development, innovation, and product pricing strategies.

The leading market contenders listed in the report are:

Advanced Environmetal Recycling Technologies Inc., Ecospace UK Ltd, Changxing Hanming Technology Co., Duralife Decking and Railing Systems, Fiberon Cardinal Building Products, CertainTeed ,UPM Kymene Corporation, Vycom, UFP Industries Inc., Tamko Building Products Ltd,. Green Bay Decking LLC, Trex Company Inc., The Azek Company Inc. and London Decking Company Limited

Key market aspects studied in the report:

Market Scope: The report explains the scope of various commercial possibilities in the global Plastic Decking market over the upcoming years. The estimated revenue build-up over the forecast years has been included in the report. The report analyzes the key market segments and sub-segments and provides deep insights into the market to assist readers with the formulation of lucrative strategies for business expansion.

Competitive Outlook: The leading companies operating in the Plastic Decking market have been enumerated in this report. This section of the report lays emphasis on the geographical reach and production facilities of these companies. To get ahead of their rivals, the leading players are focusing more on offering products at competitive prices, according to our analysts.

Report Objective: The primary objective of this report is to provide the manufacturers, distributors, suppliers, and buyers engaged in this sector with access to a deeper and improved understanding of the global Plastic Decking market.

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Market Segmentations of the Plastic Decking Market

This market is segmented based on Types, Applications, and Regions. The growth of each segment provides accurate forecasts related to production and sales by Types and Applications, in terms of volume and value for the period between 2022 and 2030. This analysis can help readers looking to expand their business by targeting emerging and niche markets. Market share data is given on both global and regional levels. Regions covered in the report are North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Research analysts assess the market positions of the leading competitors and provide competitive analysis for each company. For this study, this report segments the global Plastic Decking market on the basis of product, application, and region:

Segments Covered in this report are:

Resin Type Outlook (Revenue, USD Billion; 2019-2032)
- Polyvinyl chloride
- High-density polyethylene
- Low-density polyethylene
- Polypropylene
Composite Outlook (Revenue, USD Billion; 2019-2032)
- Capped
- Uncapped
Construction Outlook (Revenue, USD Billion; 2019-2032)
- Repairs and Remodeling
- New decks on Existing houses
- New decks on New houses