Supply Chain Ecosystem Analysis now part of DBMR Reports
Market Size in USD Billion
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USD 4,596.95 Million |
| USD 12,220.72 Million | |
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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.
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.
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2023
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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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)
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Countries Covered
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U.S.
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Market Players Covered
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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.
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Market Opportunities
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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.
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
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
U.S. COMPOSITE DECKING MARKET, BY RESIN TYPE
U.S. COMPOSITE DECKING MARKET, BY FORM
U.S. COMPOSITE DECKING MARKET, BY DISTRIBUTION CHANNEL
U.S. COMPOSITE DECKING MARKET, BY APPLICATION
U.S. COMPOSITE DECKING MARKET, BY END-USER
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.
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.
SKU-
To support market growth and help clients navigate the impact of geopolitical shifts, DBMR has integrated in-depth supply chain analysis into its Us Composite Decking Market research reports. This addition empowers clients to respond effectively to global changes affecting their industries. The supply chain analysis section includes detailed insights such as Us Composite Decking Market consumption and production by country, price trend analysis, the impact of tariffs and geopolitical developments, and import and export trends by country and HSN code. It also highlights major suppliers with data on production capacity and company profiles, as well as key importers and exporters. In addition to research, DBMR offers specialized supply chain consulting services backed by over a decade of experience, providing solutions like supplier discovery, supplier risk assessment, price trend analysis, impact evaluation of inflation and trade route changes, and comprehensive market trend analysis.
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.