Plastic Decking Market Synopsis

Plastic Decking Market Size Was Valued at USD 4.9 Billion in 2023, and is Projected to Reach USD 12.31 Billion by 2032, Growing at a CAGR of 10.78% From 2024-2032.

The industry that produces, distributes, and sells decking materials composed of plastic polymers, such as composite materials, polyethylene (PE), and polyvinyl chloride (PVC), is known as the plastic decking market. Since plastic decking is long-lasting, requires little upkeep, and is resistant to rot, decay, and insect damage, it is frequently used as an alternative to traditional wood decking.

• A wide range of players are involved in the plastic decking market, including distributors, suppliers, manufacturers, contractors, and end users. Manufacturers use diverse production processes and technology to make plastic decking materials in a variety of shapes, such as boards, tiles, and railing systems.
• Plastic decking is used for outdoor decks, patios, balconies, terraces, and other outdoor living spaces, and is available for both residential and commercial use. The main end consumers of plastic decking goods are builders, contractors, and owners of residential and commercial properties.
• Growing construction activity, growing awareness of environmental sustainability, growing demand for long-lasting and low-maintenance outdoor building materials, and technological advancements in material science and manufacturing processes are some of the key factors propelling the growth of the plastic decking market.
• The market for plastic decking is anticipated to expand overall as more people and builders come to understand the advantages of plastic decking over traditional wood decking materials and as the building sector changes to accommodate these demands as well as shifting consumer preferences and sustainability regulations.

Top Key Players:

"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), UPM Kymmene Corporation (Finland), Universal Forest Products Inc. (US), Duralife Decking and Railing Systems (US), Duxxbak Composite Decking (US), Trex Company Inc. (US), TimberTech (US), MoistureShield (US), Envision Decking (US), Green Bay Decking (US), Wolf Home Products (US), Paldeck (Israel), Deceuninck NV (Belgium), Geolam (Japan), NewTechWood (China), TIVA Building Products (Canada), Genovations (US), Lumberock Premium Decking (US), Durante Windows & Siding (US), Great Railing (US), and Other Major Players."

The consistent rise in global plastic production from 2019 to 2022 indicates growing demand for plastics worldwide. This trend positively impacts the plastic decking market by ensuring a steady supply of raw materials for manufacturing decking products. With the increased availability of plastics, manufacturers can meet the rising demand for plastic decking materials in construction projects. Additionally, ongoing investment in manufacturing technologies drives innovation in plastic decking, enhancing its durability, aesthetics, and sustainability. Overall, the upward trend in plastic production supports the growth and development of the plastic decking market, enabling manufacturers to meet evolving consumer needs in the construction industry.

Plastic Decking Market Trend Analysis

Growth in Residential, Commercial, and Industrial Construction Activities Worldwide

• The growth in residential, commercial, and industrial construction activities worldwide serves as a significant driver for the plastic decking market. As populations expand, urbanization increases and economies develop, there is a corresponding rise in demand for construction materials to support the construction of new buildings and infrastructure projects.
• In the residential sector, population growth, urbanization, and rising standards of living drive the demand for new housing units and residential developments. Homeowners, developers, and builders seek durable and low-maintenance materials for outdoor living spaces such as decks, patios, and balconies.
• Construction materials are becoming more and more necessary in the commercial and industrial sectors to support the expansion of offices, retail stores, commercial buildings, lodging facilities, and industrial facilities. These projects frequently involve outside spaces, such as rooftop terraces, dining areas outside, and entertainment areas, which call for decking materials that can resist high foot traffic, exposure to the elements, and regular use. Plastic decking is becoming more and more popular in commercial and industrial construction projects since it offers a flexible and affordable solution for various uses.

The Growing Popularity of Outdoor Recreation Activities

• The growing popularity of outdoor recreation activities presents a significant opportunity for the plastic decking market. As people increasingly seek ways to enjoy leisure time outdoors, there is a rising demand for functional, attractive, and durable outdoor living spaces. Whether it's hosting family gatherings, barbecues, or simply relaxing in the backyard, consumers are looking to create inviting and comfortable outdoor environments that enhance their quality of life.
• Plastic decking offers numerous advantages that align well with the needs and preferences of outdoor enthusiasts. Its durability, resistance to weathering, and low maintenance requirements make it an ideal choice for decking applications in outdoor recreational areas.
• Furthermore, the versatility of plastic decking allows for the creation of customized outdoor spaces tailored to individual preferences and lifestyle needs. With a wide range of colors, textures, and finishes available, homeowners and property owners can design outdoor decks and patios that complement their aesthetic preferences and blend seamlessly with the surrounding environment.

Plastic Decking Market Segment Analysis:

Plastic Decking Market Segmented on the basis of Type, Material, Application, End-Use, Distribution Channel.

By Type, Capped Composite segment is expected to dominate the market during the forecast period

• Combining the fibers of plastic and wood, capped composite decking addresses some of the drawbacks of both materials while offering the advantages of each. Capped composite decking has improved longevity and resilience to wear and tear, which is one of its main benefits. Compared to traditional wood decking, composite decking has a longer lifespan and requires less maintenance because of the protective cap layer, which is usually composed of polymer material and guards the composite core against moisture, UV radiation, scratches, and stains.
• Capped composite decking also has better aesthetics and more design flexibility. It mimics the appearance and feel of real wood while offering the advantages of moisture resistance and color preservation. It is available in an extensive array of colors, textures, and finishes. This raises the total value and appeal of the property by enabling homeowners and property developers to design outdoor spaces that are not only aesthetically pleasing but also strong and long-lasting.
• An important additional aspect contributing to the capped composite segment's supremacy is the increased emphasis on eco-friendliness and sustainability in building materials. Recycled resources like wood scraps and post-consumer plastics are incorporated into a lot of capped composite decking products, which lessens the environmental effect of decking manufacturing and supports green construction programs.

By Material, High density polyethylene segment held the largest share

• HDPE decking is renowned for its exceptional strength, durability, and resistance to environmental factors, making it a preferred choice for outdoor decking applications. One of the key factors contributing to the dominance of the HDPE segment is its superior performance in harsh outdoor environments.
• HDPE decking is engineered to withstand exposure to moisture, UV radiation, extreme temperatures, and heavy foot traffic without warping, splintering, or rotting. This durability makes it particularly well-suited for outdoor decks, patios, and other exterior structures where resilience to weathering and environmental stressors is crucial. Homeowners and commercial property developers alike value HDPE decking for its ability to maintain its structural integrity and appearance over time, reducing the need for frequent maintenance and replacement.
• HDPE decking is often manufactured using recycled materials, such as post-consumer plastic waste and industrial by-products, contributing to its eco-friendliness and sustainability. This aligns with the growing demand for environmentally responsible building materials and appeals to consumers seeking greener alternatives to traditional wood decking.
• The high-density polyethylene segment holds the largest share in the plastic decking market due to its superior durability, low maintenance requirements, design flexibility, and eco-friendly attributes.

Plastic Decking Market Regional Insights:

North America is Expected to Dominate the Market Over the Forecast period

• North America has a robust construction industry, with a high demand for decking materials driven by residential, commercial, and industrial construction projects. The United States, in particular, experiences significant construction activity due to population growth, urbanization, and infrastructure development, which fuels the demand for plastic decking.
• North American consumers, especially in regions with harsh climates, prefer low-maintenance decking materials that can withstand extreme weather conditions and require minimal upkeep. Plastic decking, with its durability, resistance to rot, decay, and insects, and minimal maintenance requirements, aligns well with these preferences.
• The culture of outdoor living is prevalent in North America, with homeowners and businesses investing in outdoor spaces for leisure, entertainment, and relaxation. Plastic decking provides an attractive solution for creating functional and aesthetically pleasing outdoor environments, driving its popularity in the region.
• Region also has well-established building codes, regulations, and standards that govern the use of construction materials, including decking materials. Plastic decking manufacturers in the region comply with these regulations, ensuring the safety, quality, and performance of their products, which enhances consumer confidence and drives market dominance.

Plastic Decking Market Top Key Players:

• 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)
• UPM Kymmene Corporation (Finland)
• Universal Forest Products Inc. (US)
• Duralife Decking and Railing Systems (US)
• Duxxbak Composite Decking (US)
• Trex Company Inc. (US)
• TimberTech (US)
• MoistureShield (US)
• Envision Decking (US)
• Green Bay Decking (US)
• Wolf Home Products (US)
• Paldeck (Israel)
• Deceuninck NV (Belgium)
• Geolam (Japan)
• NewTechWood (China)
• TIVA Building Products (Canada)
• Genovations (US)
• Lumberock Premium Decking (US)
• Durante Windows & Siding (US)
• Great Railing (US), and Other Major Players.

Key Industry Developments in the Plastic Decking Market:

In October 2023, The AZEK Company Inc. a renowned manufacturer of attractive, low-maintenance, and environmentally sustainable outdoor living products, including TimberTech® decking and railing, Versatex®, and AZEK® Trim, along with StruXure™ pergolas, finalized a definitive agreement to sell its Vycom business, which was a division of its Commercial segment. The buyer, Ohio-based Plaskolite, LLC, a prominent global leader in engineering thermoplastics manufacturing, acquired the Vycom business.