The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Composite Decking & Railing Market.
It was estimated prior to this unanticipated outbreak that the Composite Decking & Railing Marketwill reach US$ 699.1 million in 2025. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.
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Composite Decking & Railing Market Segment Analysis:
Based on the type, the market is segmented as capped composites and uncapped composites. The composite decking & railing market is primarily governed by the capped composites segment, owing to their characteristics, such as confrontation to breakage, decomposing, development of mold & mildew, and color diminishing. Capped composites also deliver ultra-low maintenance cost and premium aesthetics against natural wood decking & railing products. They are extensively employed in the residential and non-residential applications, owing to their physical properties.
Based on the resin type, the market is segmented as polyethylene, polypropylene, polyvinyl chloride, and others. The polyethylene segment accounts for the largest market share of the global composite decking & railing market. Polyethylene resin has elevated strength and sturdiness, which is suitable for residential application, necessitating joist 16 inch on center. The polypropylene segment is estimated to be the fastest- growing resin type during the forecast period. They confront thermal expansion & contraction, enabling them to be suitable in the manufacturing of composite decking & railing in elevated temperature regions.
Based on the application type, the market is segmented as residential and non-residential sectors. The non-residential application segment is estimated to be the faster-growing segment during the forecast period. The characteristics presented by composite decking & railing, such as confrontation to thermal expansion and contraction when uncovered to sunlight, resistance to splinter & rot and likewise, are beneficial in application areas, such as marinas, docks, patios, pool areas, hotels and resorts.
In terms of regions, presently, North America is the largest consumer of composite decking & railing. The U.S., Germany, and China are the growth engines of the market. The Middle Eastern region within the RoW region is expected to depict the highest growth during the forecast period.
Some of the major players in the composite decking & railing market are Axion International, Inc., Advanced Environmental Recycling Technologies, Inc. (AERT), Fiberon LLC, Green Bay Decking, LLC, Integrity Composites LLC, Tamko Building Products, Inc., Timbertech, UPM Biocomposites, and Universal Forest Products, Inc. (UFPI).
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- Market structure: Overview, industry life cycle analysis, supply chain analysis
- COVID-19 Impact Assessment
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors
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