According to a new report published by Pristine Intelligence, titled, “Plastic Decking Market by Type, Material, Application, End-Use and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2024–2032,” the global Plastic Decking market size was valued at $4.9 Billion in 2023, and is projected to reach $12.31 Billion by 2032, registering a CAGR of 10.78% from 2024 to 2032. The plastic decking market is the industry that manufactures, supplies, and markets decking products made of plastic polymers, such as composite materials, polyethylene (PE), and polyvinyl chloride (PVC). Plastic decking is often used as an alternative to conventional wood decking because it is long-lasting, low maintenance, and resistant to rot, decay, and insect damage. The plastic decking industry involves a broad spectrum of participants, such as distributors, suppliers, manufacturers, contractors, and end users. Plastic decking materials are produced by manufacturers in a range of shapes, including boards, tiles, and railing systems, using a variety of production techniques and technological advancements.   

Available for both residential and commercial use, plastic decking is utilized for outdoor decks, patios, balconies, terraces, and other outdoor living spaces. The primary end users of plastic decking products are contractors, builders, and proprietors of both commercial and residential buildings.

The global expansion of residential, commercial, and industrial construction projects is one of the main factors propelling the plastic decking market. The demand for building materials to enable the construction of new structures and infrastructure projects rises in tandem with population growth, urbanization, and economic development. The need for new housing units and residential developments is driven by population increase, urbanization, and growing living standards in the residential sector.

The market for plastic decking has a lot of potential due to the rising popularity of outdoor recreation activities. Demand for well-designed, eye-catching, and long-lasting outdoor living spaces is growing as more individuals look for ways to spend their free time outside. Customers want to build welcoming and cozy outdoor spaces that improve their quality of life, whether they are using them for family get-togethers, barbecues, or just lounging in the backyard. There are several benefits to plastic decking that fit the requirements and tastes of outdoor enthusiasts.

Global Plastic Decking Market, Segmentation

The Plastic Decking market is segmented on the basis of Type, Material, Application, End-Use, Distribution Channel, and region.

Type:

The type segment is further classified into Capped Composite and Uncapped Composite. Among these, the Capped Composite sub-segment accounted for the highest market share in 2023. Capped composite decking, which combines the fibers of plastic and wood, offers the benefits of both materials while addressing some of their shortcomings. One of the key advantages of capped composite decking is its increased durability and resistance to wear and strain. Because of the protective top layer, which is often made of polymer material and shields the composite core from moisture, UV rays, scratches, and stains, composite decking lasts longer and requires less maintenance than traditional wood decking.

Material:

The application segment is further classified into High density polyethylene, Low-density polyethylene, Polyvinyl chloride, Polypropylene, and Others. Among these, the High density polyethylene sub-segment is anticipated to show the fastest growth by 2032. HDPE decking is the material of choice for outdoor decking applications because of its outstanding strength, durability, and resilience to environmental conditions. The excellent performance of HDPE in challenging outdoor conditions is a major factor in its domination in the market. HDPE decking is designed to resist rotting, warping, or splintering when exposed to moisture, UV rays, high temperatures, and heavy foot activity.

Region:

The Plastic Decking market in North America is projected to show the fastest growth. Due to the abundance of residential, commercial, and industrial development projects, decking materials are in great demand in North America's thriving construction sector. The demand for plastic decking is fueled by the substantial construction activity that occurs in the United States, especially as a result of population increase, urbanization, and infrastructural development. Consumers in North America, particularly those living in arid climates, like low-maintenance decking materials that are resistant to harsh weather and require little care. These tastes are well-suited to plastic decking because of its longevity, resilience to rot, decay, and insects, and low maintenance needs.

Some of the leading Plastic Decking market players are

• • Advanced Environmental Recycling Technologies Inc. (US)
  • Azek Building Products Inc. (US)
  • Fiberon LLC (US)
  • Tamco Building Products Inc. (US)
  • Cardinal Building Products (US)
  • CertainTeed Corporation (US)
  • Universal Forest Products Inc. (US)
  • Duralife Decking and Railing Systems (US)
  • Duxxbak Composite Decking (US)
  • UPM Kymmene Corporation (Finland), and Other Active Players.

Key Industry Developments

• • In October 2023, The AZEK Company Inc. a well-known producer of visually appealing, low-maintenance, and environmentally friendly outdoor living products such as Versatex, AZEK Trim, and TimberTech decking and railing finalized a formal agreement to sell its Vycom business, a branch of its Commercial segment. The Vycom firm was purchased by Ohio-based Plaskolite, LLC, a well-known worldwide leader in the engineering thermoplastics manufacturing industry.

Key Findings of the Study / Key Industry Developments. 

• • In 2023, capped composite decking is going to dominate the market thanks to its resilience to moisture, UV radiation, scratches, and stains.
  • By 2032, high-density polyethylene (HDPE) decking is expected to expand at the quickest rate due to its strength, resilience to environmental factors, and durability.
  • North America is expected to develop at the highest rate due to the region's high level of construction activity, particularly in the US, and consumers' desire for low-maintenance decking materials.