Latest News- Composite Decking Market: Residential is expected to lead the Application segment during 2025-2029

The Composite Decking Market is being driven by Revival of construction industry

The Composite Decking Market is expected to grow at a CAGR of 16.6% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 3995.9 million. The composite decking market has witnessed significant growth due to the increasing trend towards prefabricated structures in the construction industry. Prefabricated building components, including composite decking, are manufactured under controlled conditions in facilities, ensuring consistent quality and adherence to design standards. This approach offers numerous benefits, such as reduced installation time and costs, improved durability, and enhanced design flexibility. Composite decking, in particular, is subjected to rigorous testing and adheres to industry standards, including the US Housing and Urban Development (HUD) Code and the International Residential Code (IRC), ensuring safety and longevity. The adoption of prefabricated construction methods in the building industry is poised to revolutionize the way we construct homes and commercial spaces, offering superior quality and efficiency. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Application
  • Residential
  • Non-residential
• Type
  • Polyethylene
  • Polypropylene
  • Polyvinyl chloride
  • Others
• Composition
  • Solid
  • Hollow
  • Solid
  • Hollow
• Geography
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • UK
    • France
    • Italy
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • South America
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Revival of construction industry
• Increasing interest in sustainable decking materials
• Changing lifestyles and increasing use of outdoor living spaces

However, the market also witnesses some limitations, which are as follows:

• Availability of substitutes for composite decking
• Threat from unorganized global composite decking market
• Disadvantages associated with composite decking

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Market Scope in Composite Decking Market Research Report

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Research Analysis Overview

The composite decking market has experienced a rise in demand among homeowners and contractors due to the diverse product offerings, including capped composite decking with protective shells. This type of decking offers resistance to fading, staining, scratching, and high load-bearing capacity. The shift from natural wood decking is driven by its low thermal expansion, resistance to slip, and color stability. Raw material costs and product innovations from companies like Cardinal Building Products and Green Bay Decking continue to influence the building and construction industry's trend towards composite decking. However, the less requirement for maintenance and upkeep is a significant factor in the market's growth.

Market Research Overview

In the dynamic global building products market, composite decking manufacturers catering to homeowners and contractors experience significant growth. According to Technavio's market analysis, this sector is driven by the expansion of the construction industry in both developed and emerging economies. Urbanization and infrastructure development in developing economies, particularly in the residential and healthcare sectors, fuel this trend. Capped composite decking, as a popular building component, benefits from this market growth due to its durability, low maintenance, and aesthetic appeal.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/