Composite Decking & Railing Market to offer a healthy CAGR of 13.2%
February 17, 2020
Composite Decking & Railing Market Overview:
Composite Decking & Railing Market is likely to witness an impressive CAGR of 13.2% during the forecast period. The global composite decking & railing market has observed significant growth in the earlier few years bearing the high demand for capped composites in the U.S., Germany and the emerging economies, such as the Middle East, Brazil and China. The rising construction industry in these countries is fueling the composite decking & railing market globally.
Report Overview:
This report, from Stratview Research, studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
Salient Features of the Report
The Research Report offers an in-depth view of the market, its health and growth, the factors shaping the industry, the competitive dynamics and a glimpse of the future.
The following are the key features of the report:
- Strategic segmentation
- Market analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Detailed Competitive Rivalry landscaping
- Market trend and forecast analysis
- Future Growth Boulevards
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Composite Decking & Railing Market Segment Insights:
Capped Composite: The growth engine
Based on the type, the market is segmented as capped composites and uncapped composites. The composite decking & railing market is primarily governed by the capped composites segment, owing to their characteristics, such as confrontation to breakage, decomposing, development of mold & mildew, and color diminishing. Capped composites also deliver ultra-low maintenance cost and premium aesthetics against natural wood decking & railing products. They are extensively employed in the residential and non-residential applications, owing to their physical properties.
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Dominance of: The Polyethylene Segment
Based on the resin type, the market is segmented as polyethylene, polypropylene, polyvinyl chloride, and others. The polyethylene segment accounts for the largest market share of the global composite decking & railing market. Polyethylene resin has elevated strength and sturdiness, which is suitable for residential application, necessitating joist 16 inch on center. The polypropylene segment is estimated to be the fastest- growing resin type during the forecast period. They confront thermal expansion & contraction, enabling them to be suitable in the manufacturing of composite decking & railing in elevated temperature regions.
A highly/moderately/fragment consolidated Market
Some of the major players in the composite decking & railing market are Axion International, Inc., Advanced Environmental Recycling Technologies, Inc. (AERT), Fiberon LLC, Green Bay Decking, LLC, Integrity Composites LLC, Tamko Building Products, Inc., Timbertech, UPM Biocomposites, and Universal Forest Products, Inc. (UFPI).
Regional Hegemony of North America
In terms of regions, presently, North America is the largest consumer of composite decking & railing. The U.S., Germany, and China are the growth engines of the market. The Middle Eastern region within the RoW region is expected to depict the highest growth during the forecast period. The market is driven by the growth of the construction industry and the ameliorating financial condition in the region which has triggered an increase in the demand for composite decking & railing.
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