Global Plastic Decking Market Overview:
Plastic decking is an elevated flat surface construction in building facades made from recycled plastic material which looks like wood. Further, it is highly resistant and requires low maintenance to enhance the aesthetic value and quality of the deck. However, in hot climate, plastic decks can get very hot on the soles of the feet and actually radiate heat, making them uncomfortable. Still, increasing demand of plastic decking in residential segment, developments of innovative products and large-scale investments in the industrial and infrastructure sectors are the significant key factors boosting the market growth.
Market Drivers
- Increasing Demand from the Construction Industry
- Easy and Quick Installation
Market Trend
- Increasing Inclination towards Aesthetic Look of Home
Restraints
- Easily Availability of Substitutes
Opportunities
- Increasing Demand from Emerging Economies Such as India and China
Challenges
- In Certain Climates It Might Get Expand and Contract
Competitive Landscape:
Some of the key players profiled in the report are UPM Kymmene Corporation (Finland), Universal Forest Products, Inc. (United States), Advanced Environmental Recycling Technologies, Inc. (United States), Azek Building Products, Inc. (United States), Fiberon LLC (United States), Cardinal Building Products (United States), TAMKO Building Products, Inc. (United States), CertainTeed Corporation (United States), Green Bay Decking, LLC (United States) and DuraLife Decking & Railing Systems (United States). Analyst at AdvanceMarketAnalytics see United Sates Manufacturers to retain maximum share of Global Plastic Decking market by 2024. Considering Market by Construction, the sub-segment i.e. Repairs and Remodeling will boost the Plastic Decking market. Considering Market by Composite, the sub-segment i.e. Capped Composite Decking will boost the Plastic Decking market. Considering Market by Resin, the sub-segment i.e. High-Density Polyethylene will boost the Plastic Decking market.
Market Highlights:
On 12 Nov, 2018, Fiberon, an innovation leader in capped composite decking, railing, cladding, and fencing, announces an exciting partnership with Wolf Home Productsa national provider of privately sourced and select branded kitchen, bath, and building products
Available Customization:
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Plastic Decking market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Plastic Decking market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Manufacturers of Plastic Decking, Suppliers of Plastic Decking Raw Materials, Wholesalers, Distributers and Retailers of Plastic Decking, Construction Industry, Governmental Bodies, Market Research and Consulting Firms and Associations and Industry Bodies.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.