The Polyvinyl Chloride Decking Market is segmented by Application (Residential and Non-residential), Type (Capped composite and Uncapped composite), and Geography (North America, Europe, APAC, South America, and Middle East and Africa). As per the Global Forecast research report 2024-2028 published by Technavio, the market size is estimated to grow by USD 645.87 million, at a CAGR of 8.02% during the forecast period. There are several companies that are contributing to the market as per this report. Increasing replacement of wood with polyvinyl chloride decking .
The residential segment of the Polyvinyl Chloride (PVC) decking market is poised for significant growth due to the surge in residential construction activities in North America, Europe, and Asia-Pacific (APAC) regions. Factors such as increasing disposable incomes, urbanization, and the expansion of the global housing market in countries like the US, Canada, Germany, and Spain are driving this growth. In particular, APAC, with rapidly urbanizing economies like China, India, Malaysia, and Indonesia, is witnessing a high demand for new residential and public infrastructure construction. Moreover, record-low mortgage rates and burgeoning housing demand in the US have led to a profitable expansion of the residential building industry, further fueling the demand for PVC decking.
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The construction of single-family homes in the United States experienced a significant growth between 2010 and 2021, resulting in approximately 50,000 new homes with decks being built, as opposed to 32,000 in 2010. This trend is driven by the increasing preference for personal outdoor spaces and the desire to enhance home value through renovation and improvement projects. As a result, the demand for polyvinyl chloride (PVC) decking in North America is projected to surge due to its affordability and durability, making it an attractive option for homeowners seeking to elevate their living spaces.
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The Polyvinyl Chloride (PVC) decking market is witnessing significant growth due to its cost-effective and durable nature, making it a popular choice for both residential and non-residential applications. The market is segmented by country level into various geographical segments, including North America, Europe, Asia-Pacific, and the Middle East & Africa. In the US, notable players include Green Bay Decking, Duralife Decking, Certainteed Corporation, and Cardinal Building products. The capped composite market, which includes PVC decking, is expected to grow due to its resistance to ultraviolet radiations and various composite types, such as those made of Polyvinyl Chloride (PVC), Polypropylene, Low Density Polyethylene (LDPE), and High-density polyethylene. The market opportunities in urban areas are substantial due to increasing urbanization, demand for eco-friendly building materials, and the aesthetic value of PVC decking. However, factors such as humidity and moisture can affect the quality of PVC decking. Advanced Environmental Recycling Technologies (AERT) is a leading player in the recycled plastic material market, which could potentially impact the PVC decking market. Overall, the market is expected to grow due to the increasing demand for sustainable building materials and the durability and low maintenance requirements of PVC decking.
The Polyvinyl Chloride (PVC) decking market is a segment of the broader global commodity chemicals industry, as classified by Technavio. This market encompasses businesses primarily engaged in the production of industrial and basic chemicals, such as plastics, synthetic fibers, films, commodity-based paints and pigments, explosives, and petrochemicals. Notably, this sector excludes companies specializing in diversified chemicals, fertilizers and agricultural chemicals, industrial gases, and specialty chemicals. According to Technavio's market analysis, the global commodity chemicals market growth is primarily driven by the escalating demand for plastic packaging. As plastic is the most widely used material in the packaging sector worldwide, the increasing consumer preference for convenient and cost-effective packaging solutions is expected to fuel market expansion. - The Polyvinyl Chloride Decking Market is experiencing significant growth, fueled by the . Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
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