heading into 2019, the composite decking and railing market continues to thrive. the segment is growing approximately 5% per year as decks remain a very popular investment for homeowners.
global composite decking and railing market size, share, trends and industry analysis now available from industryarc. report reveals composite decking and railing market in the industry by type, products and application.
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. 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.
the rising use of capstone-coated decking, which provides enhanced protection against mold growth and premature degradation, will further boost wood-plastic composite decking demand. plastic decking demand will be driven by the increased adoption of cellular pvc decking, which resembles natural wood and provides strong protection against the elements.
asia-pacific dominate the market growth. the housing sector of india contributes approximately 5% to its gdp. additionally, the government initiatives, such as smart cities is also boosting the construction growth in the country, which in turn fueling the demand for wooden decking market during the forecast period.
substitution of traditional materials with uncapped and capped composites will drive the composite decking and railing market in residential application. for instance, dock and marina decks, which are always in contact with water, uses capped composites on a large scale. capped composite, being water proof in nature due the presence of resin protective layer, prevents splintering, rotting, and mold and mildew growth formation.
5 deck trends for 2018. in response, some decking manufacturers have introduced composite deck boards that mimic the rustic appearance and texture of distressed Seven Trust flooring. one major interior design trend in 2017 was balancing a blend of old and newfor instance, distressed flooring with metallic hardware or granite countertops.
plastic decking market growth with cagr of 11% implies to reach industry size of usd 5 billion by 2023 country level analysis, current industry size and future prospective with key company
acute market reports recently added new report titled composite decking and railing market report - global trends, market share, industry size, growth, opportunities, and market forecast - 2018 2026 to its repertoire.
beauty by nature. as the leader in the composite decking industry, seven trust defines itself by its growth. perhaps our most compelling evolution has come in our deck boards themselves, all of which feature different looks for different tastes. while our newer high-performance composites fight weather and age with a protective shell,
formed in 2005 and headquartered in washington, dc, clma represents the composite lumber industry to the residential and commercial building construction markets. mission to advance the growth of the composite deck and railing industry through proactive technical, advocacy, and awareness efforts.
new york, aug. 13, 2019 /prnewswire/ -- plastic decking market worldwide is projected to grow by us$3.2 billion, guided by a compounded growth of 9.8%. staying global plastic decking industry
market scenario. the key drivers for the growth of the plastic decking market are rapid urbanization, rising construction activities in the emerging nations, replacement of traditional materials with other composite decking product and large scale investments. plastic decking is widely used in residential and non-residential buildings.
composite decking continues to gain industry momentum, as outdoor living projects remain a high priority for homeowners when considering renovation projects. composite decking is widely used for its special features as opposed to natural wood decking products.
this market research report entails growth estimates, forecasts, and a comprehensive analysis of all key factors at play in the global composite decking market.
however, advancement in composite decking formulated with all-weather protection is expected to drive the market growth. north america is the leading market for plastic decking owing to the increase in growth of building and construction followed by europe.
the composite decking market and railing market is estimated to grow from usd 1.70 billion in 2015 to usd 3.09 billion by 2020, at a compound annual growth rate cagr of 12.60% from 2015 to 2020. the report aims at estimating the market size and future growth potential of composite decking and railing market across different segments such as
composite decking and railing market report data has been gathered from industry specialist/experts. although the market size of the market is studied and predicted from 2019 to 2028 mulling over
growth of composite decking industry - wood plastic composite . composite decking and railing conference >> the industry's . this year's composite decking and railing conference addressed decking and railing category growth as .