Composite in the Deck & Railing Market Trends and Forecast
The future of composite in the global deck & railing market looks promising with opportunities for residential and commercial markets. Composite in the global deck & railing market is expected to grow with a CAGR of 5.1% from 2024 to 2030. The major drivers for this market are increasing demand for low-maintenance and durable outdoor living spaces, growing awareness of environmental issues and sustainable building practices, and growth in construction and remodeling activities, particularly in residential construction.
• Lucintel forecasts that decks is expected to witness the higher growth over the forecast period.
• Within this market, residential is expected to witness the higher growth.
• APAC is expected to witness the highest growth over the forecast period.
Country Wise Outlook for Composite in the Deck & Railing Market
• United States –Trex Company partners with home improvement retailers to expand distribution of composite decking and railing products, aiming to capture a larger market share. Government initiatives promote sustainable building materials, supporting Trex's targets for increased sales and environmental responsibility.
• Canada –TimberTech partners with local contractors to promote composite decking and railing solutions, targeting homeowners seeking durable and low-maintenance outdoor living spaces. Government targets for green building practices align with TimberTech's initiatives to increase market penetration and reduce environmental impact.
• Australia –Futurewood launches innovative composite decking and railing products, targeting residential and commercial construction projects. Government incentives for sustainable construction materials support Futurewood's initiatives to capture market share and meet growing demand for eco-friendly building solutions.
• United Kingdom –Ecodek expands its range of composite decking and railing systems, targeting customers looking for high-performance and environmentally friendly alternatives to traditional wood. Government regulations promoting sustainable construction materials align with Ecodek's initiatives to achieve sales targets and contribute to a greener building industry.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Composite in Deck & Railing market by Segment
The study includes a forecast for composite in the global deck & railing market by product type, resin type, application, and region.
Composite in Deck & Railing Market by Product Type [Value from 2018 to 2030]:
• Decks
• Railing
Composite in Deck & Railing Market by Resin Type [Value from 2018 to 2030]:
• Polyethylene
• Polypropylene
• Polyvinyl Chloride
• Others
Composite in Deck & Railing Market by Application [Value from 2018 to 2030]:
• Residential
• Commercial
• Others
Composite in Deck & Railing Market by Region [Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Composite Companies in the Deck & Railing Market
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies composite companies in the deck & railing market cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of composite companies in the deck & railing market are profiled in this report include-
• Owens Corning
• Jushi Group
• Nippon Electric Glass
• CPIC
• Toray Industries
• Hexcel Composites
• Mitsubishi Rayon
Recent Development of Composite in the Deck & Railing Market
• Trex Company: Introducing new composite decking and railing products with enhanced durability and aesthetics, catering to the growing demand for low-maintenance outdoor living solutions.
• TimberTech: Collaborating with contractors to promote the benefits of composite decking and railing systems, focusing on their longevity and eco-friendliness to attract residential and commercial customers.
• Futurewood: Launching innovative composite decking and railing products designed for sustainability and durability, targeting both residential and commercial construction projects to meet the demand for eco-friendly building materials.
• Ecodek: Expanding its range of composite decking and railing systems, emphasizing high-performance and environmental sustainability to meet the needs of customers seeking alternatives to traditional wood decking.
Features of Composite in the Global Deck & Railing Market
Market Size Estimates: Composite in the deck & railing market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Composite in the deck & railing market size by product type, resin type, application, and region in terms of value ($B).
Regional Analysis: Composite in the deck & railing market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different product types, resin types, applications, and regions for composite in the deck & railing market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of composite in the deck & railing market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for composite in the deck & railing market?
Answer: Composite in the global deck & railing market is expected to grow with a CAGR of 5.1% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of composite in the deck & railing market?
Answer: The major drivers for this market are increasing demand for low-maintenance and durable outdoor living spaces, growing awareness of environmental issues and sustainable building practices, and growth in construction and remodeling activities, particularly in residential construction.
Q3. What are the major segments for composite in the deck & railing market?
Answer: The future of composite in the global deck & railing market looks promising with opportunities for residential and commercial markets.
Q4. Who are the key composite companies in the deck & railing market?
Answer: Some of the key composite companies in the deck & railing market are as follows:
• Owens Corning
• Jushi Group
• Nippon Electric Glass
• CPIC
• Toray Industries
• Hexcel Composites
• Mitsubishi Rayon
Q5. Which composite in the deck & railing market segment will be the largest in future?
Answer: Lucintel forecasts that decks is expected to witness the higher growth over the forecast period.
Q6. In composite in the deck & railing market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness the highest growth over the forecast period.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for composite in the deck & railing market by product type (decks and railing), resin type (polyethylene, polypropylene, polyvinyl chloride, and others), application (residential, commercial, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Composite in the Deck & Railing Market Market, Composite in the Deck & Railing Market Market Size, Composite in the Deck & Railing Market Market Growth, Composite in the Deck & Railing Market Market Analysis, Composite in the Deck & Railing Market Market Report, Composite in the Deck & Railing Market Market Share, Composite in the Deck & Railing Market Market Trends, Composite in the Deck & Railing Market Market Forecast, Composite in the Deck & Railing Market Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.