Latest News- Plastic Decking Market: Capped composite is expected to lead the Type segment during 2025-2029

The Plastic Decking Market is being driven by Innovation in high-performance composite decking

The Plastic Decking Market is expected to grow at a CAGR of 6.9% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 1766.5 million. The global plastic decking market is set to experience substantial growth due to the burgeoning e-commerce sector, particularly in regions like India. By November 2028, the Indian e-commerce market is projected to reach a value of USD292.3 billion, representing a robust compound annual growth rate (CAGR) of 18.7% from 2024. Europe, too, exhibits a thriving digital market. Although the EU-27 population has slightly decreased since 2020, internet usage has risen from 87% in 2019 to 92% in 2023, with continued growth anticipated. The EU-27 continues to be a major player in e-commerce, demonstrating consistent increases in e-commerce turnover from 2019 to 2023. This significant expansion of e-commerce in both India and Europe signifies a promising outlook for the plastic decking market. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Type
  • Capped composite
  • Uncapped composite
• End-user
  • Residential
  • Non-residential
• Geography
  • North America
    • US
  • Europe
    • Germany
    • UK
    • France
    • Spain
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • South America
    • Brazil
  • 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: 

• Innovation in high-performance composite decking
• Strategic acquisitions
• Urbanization and smart cities

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

• High initial costs
• Environmental concerns
• Competition from alternative materials

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Market Scope in Plastic Decking Market Research Report

Find out which segment is leading the market by accessing the free PDF report

Research Analysis Overview

The Plastic Decking Market encompasses the production and sale of plastic decking solutions for outdoor living spaces and recreational areas. These alternatives to traditional wood decking offer advantages such as moisture, mold, and mildew resistance. Plastic decking materials include HDPE (high-density polyethylene), PP (polypropylene), and PVC (polyvinyl chloride), often used in composite construction with resin. Recycled materials are increasingly popular, with capped composites providing slip resistance and color fading resistance. Plastic decking is suitable for various applications, including swimming pools, docks, elevated flat surfaces, and building facades. Its aesthetic value, humidity resistance, oxidation resistance, and slip resistance make it an attractive option for construction activities, repairs, and remodeling projects.

Market Research Overview

The plastic decking segment within the building and home improvement products and equipment industry is experiencing significant growth, particularly in the creation of outdoor living spaces and recreational areas. Traditional wood decking faces competition from plastic alternatives due to their enhanced moisture, mold, and mildew resistance. The global building products market, encompassing manufacturers of various building components, is projected to expand substantially. This expansion is attributed to the burgeoning construction sector, driven by urbanization and infrastructure development in both developed and emerging economies.. 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/