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U.S. Composite Decking Market – Industry Trends and Forecast to 2030

Chemical and Materials

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U.S. Composite Decking Market – Industry Trends and Forecast to 2030

  • Chemical and Materials
  • Upcoming Report
  • Jul 2023
  • Country Level
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

U.S. Composite Decking Market – Industry Trends and Forecast to 2030

Market Size in USD Billion

CAGR :  % Diagram

Diagram Forecast Period 2022–2030
Diagram Market Size (Base Year) USD 4,596.95 USD Million
Diagram Market Size (Forecast Year) USD 12,220.72 USD Million
Diagram CAGR %

Major Markets Players

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U.S. Composite Decking Market, By Type (Capped Composites and Uncapped Composites), Resin Type (Plastics and Wood), Form (Tiles, Boards, and Others), Distribution Channel (Direct and Indirect), Application (Repairs and Remodelling, New Decks on Existing Houses, New Decks on New Houses, and Others), End User (Residential, Non-Residential, and Others) – Industry Trends and Forecast to 2030.

U.S. Composite Decking Market Analysis and Size

The demand for composite decking is growing with advancements in spacing techniques for composite decking product manufacturing, due to which the demand for composite decking in the U.S. composite decking market is increasing at a higher rate. The major restraint found is the high initial cost of composite decking materials that constrain the composite decking growth. The rise in competition with the easy availability of substitutes is creating a problem for the manufacturers in composite decking manufacturing. So, the manufacturers are focusing on innovative processing techniques to produce innovative products that help cope with the restraints of the U.S. composite decking market.

Data Bridge Market Research analyses that the  Composite decking market, which was USD  4,596.95 million in 2021, would rocket up to USD  12,220.72 million by 2030, and is expected to undergo a CAGR of 13.00% during the forecast period. Cosmetics & personal care segment is expected to dominate the market as it provides smoothening properties to the products In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

U.S. Composite Decking Market Scope and Segmentation

Report Metric

Details

Forecast Period

2023 to 2030

Base Year

2023

Historic Years

2021 (Customizable to 2015-2020)

Quantitative Units

Revenue in USD Million, Volumes in Units, Pricing in USD

Segments Covered

By Type (Capped Composites and Uncapped Composites), Resin Type (Plastics and Wood), Form (Tiles, Boards, and Others), Distribution Channel (Direct and Indirect), Application (Repairs and Remodelling, New Decks on Existing Houses, New Decks on New Houses, and Others), End User (Residential, Non-Residential, and Others)

Countries Covered

U.S.

Market Players Covered

Trex Company, Inc. (U.S.), Cali Bamboo, LLC (U.S.), DuraLife Decking & Railing Systems (U.S.),  CERTAINTEED (A Subsidiary of Saint-Gobain) (U.S.), Cardinal Building Products (U.S.), Green Bay Decking (U.S.), Oakio Plastic Wood Building Materials Co., Ltd (China), UPM (Finland), AXION STRUCTURAL INNOVATIONS LLC (U.S.), Fiberon(U.S.), TimberTech (A Part of AZEK Building Products) (U.S,), EP Decking (U.S.), Inc., Deckorators, Inc. (U.S.), Envision Building Products, LLC (U.S.), and MoistureShield (U.S.) among others.

Market Opportunities

  • Rise in demand for new composite decking materials having high strength and resilience
  • Increase in the use of composite decking in outdoor living space products

Market Definition.

Composite decking is a human-made product made of recycled wood and plastic materials, which have been used in the flooring of houses and outdoor living spaces. Composite decking is manufactured by making use of both synthetic and natural ingredients. The products do not require any protective layer material to smooth the surface. The composite decking offers high resistance against water, mold, and insects without requiring protective layers. Composite decking has wide applications in industries such as building and construction. Composite decking adds reliability and improves the durability and lifespan of the products. Composite decking is used in end-users, such as residential and non-residential.

U.S. Composite Decking Market Dynamics

Drivers

Rise In Demand For Composite Decking In The Building And Construction Industry

The composite decking materials provide resistance against rot and damping, making the material ideal to be used on the exterior surface of the building. The light weight of materials increases the use in roofing of buildings that do not require any other material to provide support. Using composite decking materials reduces the cost of construction in the designing stage, cutting the overall construction cost in a significant manner. Composite decking materials improve the lifespan of the products with low maintenance requirements and improve the cost factor effectively.

Thus, with growth in the building and construction industry, the region is increasing the demand for composite decking, which drives the growth of the U.S. composite decking market

Less Requirement Of Maintenance Of Composite Decking With The Presence Of Resin-Protected Layer

One factor that creates fewer maintenance requirements by composite decking is that the product is made of recycled materials. The products do not contract or expand, reducing the chance of damage by changing weather conditions and reducing maintenance requirements. Both at the time of construction and installation, the requirement of care is very minimal for composite decking.

Thus, less requirement of maintenance of composite decking with the presence of resin protected layer is driving the growth of the market.

Opportunities

Rise In Demand For New Composite Decking Materials Having High Strength And Resilience

The demand for new composite decking materials has increased with the demand from the modern construction industry. Although the initial cost of composite decking is higher, new composite decking is available in different colors and patterns, helping increase the demand. The composite deck board neither cracks nor rot in case of the use of heavy products on the board. Also with the availability of fiber, tooling process and finishing procedures provided high strength, stiffness, light weight, durability, and resilience to the composite decking materials.Thus, the rise in demand for new composite decking materials with high strength and resilience is creating an opportunity for the growth of the U.S. composite decking market.

Restraints/Challenges

Harvesting And Regulatory Constraints For Wood And Timber Products Extraction Process

The illegal trading of wood and timber products can cause a loss in revenue generation for the government, hampering the country's financial condition and GDP value. The sudden emergence of COVID-19 has also affected harvesting and regulation. The lack of specific assistance to timber harvesting by the government of the U.S. defined under the Coronavirus Aid, Relief and Economic Security Act has impacted the timber extraction process. The lack of fulfillment of loans or direct payments required by the small-scale enterprises in the region has affected the demand for wood products. Thus, the lack of harvesting and regulatory constraints for the wood and timber product extraction process and no stringent regulations for the extraction process is restraining the growth of the U.S. composite decking market..

Increase In Competition With Easy Availability Of Substitutes For Wood And Composite Decking Materials

Modified wood is one of the best alternatives for composite decking materials harvested from fast-growing wood plants that are sustainable. The modified wood has resistance against dents and scratches with no requirement of any other liquid for cleaning. Compared to composite decking materials, modified wood has higher longevity and resilience and is ideal for use in any weather condition with both pest and moisture resistance. Thus, with the availability of different substitutes for wood and composite decking, the manufactures are facing a challenge to sustain in the market with high market share values.

This market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the Composite decking market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Recent Development

  • On January 2023, tex is adding two new colors to the luxury line of Transcend Lineage for 2023, and the company announced that this would help them expand its industry-leading decking portfolio. These new hues boast premium aesthetics, heat-mitigating technology, and superior performance backed by an impressive 50-year warranty

U.S. Composite Decking Market Scope

The market is segmented on the basis of type, price range, application, and end user. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Segments:

U.S. COMPOSITE DECKING MARKET, BY TYPE

  • CAPPED COMPOSITES
  • 3- SIDED CAPPED COMPOSITES
  • 4-SIDED CAPPED COMPOSITES
  • UNCAPPED COMPOSITES

U.S. COMPOSITE DECKING MARKET, BY RESIN TYPE

U.S. COMPOSITE DECKING MARKET, BY FORM

  • TILES
  • BOARDS
  • OTHERS

U.S. COMPOSITE DECKING MARKET, BY DISTRIBUTION CHANNEL

  • DIRECT
  • INDIRECT

U.S. COMPOSITE DECKING MARKET, BY APPLICATION

  • REPAIRS AND REMODELING
  • DECK BUILDING PLANS
  • DECK PLANS
  • DECK FLOORING
  • DECK REPAIR
  • LAYING DECKING
  • COMPOST BAGS
  • UNDER DECKS
  • COOL DECKS
  • OTHERS
  •  NEW DECKS ON EXISTING HOUSES
  •  NEW DECKS ON NEW HOUSES
  • OTHERS

U.S. COMPOSITE DECKING MARKET, BY END-USER

  • RESIDENTIAL
  • RESIDENTIAL, BY TYPE
  • CAPPED COMOSITES
  • UNCAPPED COMPOSITES
  • NON- RESIDENTIAL
  • NON- RESIDENTIAL, BY TYPE
  • CAPPED COMOSITES
  • UNCAPPED COMPOSITES
  • OTHERS
  • OTHERS, BY TYPE
  • CAPPED COMOSITES
  • UNCAPPED COMPOSITES

Rise In Demand For Composite Decking In The Building And Construction Industry

The market also provides you with detailed market analysis for every country's growth in expenditure for capital equipment, installed base of different kinds of products for the Composite decking market, impact of technology using lifeline curves, and changes in regulatory scenarios and their impact on the  Composite decking market. The data is available for the historic period 2015-2020.

Competitive Landscape and Composite Decking Market Share Analysis

The Composite decking market competitive landscape provides details of competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, U.S. presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The above data points provided are only related to the companies' focus related to the market.

  • Trex Company  Inc. (U.S.)  
  • Cali Bamboo  LLC (U.S.)  
  • DuraLife Decking & Railing Systems (U.S.)   
  • CERTAINTEED (A Subsidiary of Saint-Gobain) (U.S.)  
  • Cardinal Building Products (U.S.)  
  • Green Bay Decking (U.S.)  
  • Oakio Plastic Wood Building Materials Co.  Ltd (China)
  •  UPM (Finland)
  •  AXION STRUCTURAL INNOVATIONS LLC (U.S.)
  •  Fiberon(U.S.)
  •  TimberTech (A Part of AZEK Building Products) (U.S )
  •  EP Decking (U.S.) Inc.  
  • Deckorators  Inc. (U.S.)
  •  Envision Building Products  LLC (U.S.)  
  • MoistureShield (U.S.)  


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FREQUENTLY ASK QUESTIONS

The U.S. Composite Decking Market will be worth USD 12,220.72 million in 2030.
The U.S. Composite Decking Market Growth Rate is 13.10% during the forecast period.
The Rise In Demand For Composite Decking In The Building And Construction Industry and Less Requirement Of Maintenance Of Composite Decking With The Presence Of Resin-Protected Layer are the Growth Drivers of the U.S. Composite Decking Market.
The type, price range, application, and end-user are the factors on which the U.S. Composite Decking Market research is based.
The tex is adding two new colors to the luxury line of Transcend Lineage for 2023, and the company announced that this would help them expand its industry-leading decking are the latest developments in the U.S. Composite Decking Market.
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