Composite Decking & Railing Market Size, Share, Growth, And Industry Analysis, By Type (Capped Composites, Uncapped Composites and Composite Decking & Railing), By Application (Residential and Non-Residential), Regional Forecast To 2032

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Composite Decking & Railing Market Report Overview

Global Composite Decking and Railing Market size was USD 2.6 Billion in 2023 and market is projected to touch USD 5.3 Billion by 2032, exhibiting a CAGR of 7.1% during the forecast period.

Composite decking and railing are two modern building materials commonly used for outdoor projects such as decks, balconies, and porches. Composite decking is made of a mixture of wood fibers and plastic, providing greater durability, resistance to rot, and insects compared to traditional wood decking. Additionally, composite decking requires less maintenance, as it doesn't need to be stained or sealed to protect it from the elements. Composite railing is typically made from the same materials as composite decking and serves as a barrier around the deck, providing safety and aesthetics. It can be customized to fit any style or design, making it an attractive option for homeowners looking to enhance the look and functionality of their outdoor living space.

COVID-19 Impact: Pandemic Hamper the Demand of Composite Decking & Railing to Market Growth

The COVID-19 pandemic has impacted the construction industry in various ways, including the production and distribution of composite decking and railing. The pandemic has caused supply chain disruptions worldwide, affecting the production and delivery of composite decking and railing materials. The availability of raw materials and transportation have been impacted by lockdowns and other restrictions, leading to delays in production and delivery. 

Latest Trends

"Increasing Demand for Natural Wood-Look will Fuel Market Growth  "

Many homeowners are drawn to composite decking and railing that mimics the look and feel of natural wood. New technologies have allowed manufacturers to create composite materials that look and feel like real wood, with textured surfaces and grain patterns that replicate the look of natural wood.  

Composite Decking & Railing Market Segmentation

• By Type Analysis

According to type, the composite decking & railing market can be segmented into capped composites, uncapped composites, and composite decking & railing.

In terms of type, the uncapped composites type is anticipated to be the largest segment during the forecast period.  

• By Application Analysis

Based on application, the composite decking & railing market can be divided into residential and non-residential.

In terms of application, the non-residential market is projected to hold the largest composite decking & railing market share through 2032.  

Driving Factors

"Low maintenance and Durability Will Boost Market Growth "

Composite decking and railing are known for their durability and resistance to moisture, rot, and insects. This makes them a popular choice for outdoor living spaces, where they can withstand the elements and last for many years. Composite decking and railing require little to no maintenance compared to traditional wood decking, which requires regular staining and sealing to protect against the elements. This makes composite materials an attractive option for homeowners who want to spend less time maintaining their outdoor living spaces. 

"Aesthetics and Sustainability Will Increase Market Growth "

Composite decking and railing offer a wide range of colors, finishes, and textures, allowing homeowners to customize their outdoor living space to fit their style and aesthetic preferences. Many composite materials are designed to mimic the look and feel of natural wood, giving homeowners the best of both worlds - the look of wood with the durability and low-maintenance benefits of composite materials. Composite decking and railing made from recycled materials are becoming increasingly popular as more people become environmentally conscious. Using recycled materials in composite materials helps reduce waste and has a lower carbon footprint compared to traditional wood decking.

Restraining Factors

"High Cost and Maintenance Will Limit Market Growth "

Composite decking and railing can be more expensive upfront than traditional wood decking. While composite materials are durable and require little maintenance, the initial cost may be a barrier for some homeowners. Some composite materials can be slippery when wet, which can be a safety concern for homeowners. To mitigate this issue, some manufacturers offer composite decking and railing with non-slip surfaces or textures.

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Composite Decking & Railing Market Regional Insights

"The North America Region will Dominate Market Due to Strong Demand of Composite Materials"

North America is a significant market for composite decking and railing, with the United States accounting for a large portion of global demand. The popularity of composite materials is driven by the durability, low-maintenance, and sustainability benefits, as well as the availability of a wide range of color and texture options.

The composite decking and railing market in Europe is growing, driven by the demand for eco-friendly and low-maintenance building materials. The market is expected to grow due to the increasing popularity of outdoor living spaces and the demand for sustainable building practices.

Key Industry Players

"Adoption Aluminum Recycling Services by Key Players Influencing Market Development"

The top key players in the market are Trex Company, UPM Bio composites, Advanced Environmental Recycling Technologies, TAMKO Building Products, TimberTech. Most of the top players hold the composite decking & railing market share. In addition, the strategies to develop new technologies, capital investment in R&D, improve product quality, acquisitions, mergers, and compete for the composite decking & railing market growth in the competition help them to perpetuate their position and value in the market. Besides, collaboration with other companies & extensive possession of market shares by the key players stimulates the composite decking & railing market.  

LIST OF TOP COMPOSITE DECKING & RAILING COMPANIES

• Trex Company (U.S.)
• UPM Biocomposites (Finland)
• Advanced Environmental Recycling Technologies (U.S.)
• TAMKO Building Products (U.S.)
• TimberTech (U.S.)

Report Coverage

This report examines an understanding of the composite decking & railing market’s size, share, growth rate, segmentation by type, application, key players, and previous and current market scenarios. The report also collects the market’s precise data and forecasts by market experts. Also, it describes the study of this industry’s financial performance, investments, growth, innovation marks, and new product launches by the top companies and offers deep insights into the current market structure, competitive analysis based on key players, key driving forces, and restraints that affect the demand for growth, opportunities, and risks.

Furthermore, the post-COVID-19 pandemic’s effects on international market restrictions and a deep understanding of how the industry will recover, and strategies are also stated in the report. The competitive landscape has also been examined in detail to provide clarification of the competitive landscape.

This report also discloses the research based on methodologies that define price trend analysis of target companies, collection of data, statistics, target competitors, import-export, information, and previous years’ records based on market sales. Moreover, all the significant factors which influence the market such as small or medium business industry, macro-economic indicators, value chain analysis, and demand-side dynamics, with all the major business players have been explained in detail. This analysis is subject to modification if the key players and feasible analysis of market dynamics change.