Poly Ethylene Decking Market Size, Share, Growth, and Industry Analysis, By Type (HDPE Decking, and LDPE Decking), By Application (Residential, and Non-residential), Regional Forecast To 2031

Updated On: 15 April 2024

Poly Ethylene Decking Market Report Overview

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The global poly ethylene decking market size expanded rapidly in 2022 and the market is projected to grow substantially by 2031, exhibiting a prodigious CAGR during the forecast period.

The global COVID-19 pandemic has been unprecedented and staggering, with the poly ethylene decking market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.

The global poly ethylene decking is also known as, plastic decking. It is an elevated flat surface construction in building facades made from recycled plastic material. It is highly resistant and requires low maintenance to enhance the aesthetic value and quality of the deck. In addition, these materials are resistant to moisture and humidity, which elevates their application in building and construction. The global rise in urbanization has fueled the demand to enhance the aesthetic value of building and construction.

The global poly ethylene decking market progression can be credited to the upsurge in the demand due to increasing usage of flooring goods in remodeling and renovation as a result of low cost and long-lasting qualities is the key factor driving market revenue growth. Consumers are spending more on home furnishings such as rugs, carpets, and other floor coverings that enhance the aesthetic attractiveness of interiors. Both residential and commercial building owners place a strong emphasis on renovation and remodeling in their interior design projects.

COVID-19 Impact: Pandemic led to increase in demand due to surge in home renovation and construction projects

The effects of the COVID-19 pandemic are already being felt on a global level, the global poly ethylene decking was significantly influenced. The outbreak of COVID-19 had a negative impact on several markets. Various countries went into lockdown. With sudden pandemic, all kinds of businesses observed disruptions. The pandemic ha a significant impact on the chemicals & advanced materials as well. Pandemic led to surge in home renovation and construction projects. With people spending more time at home due to lockdowns and remote working, many have taken the opportunity to renovate or add outdoor living spaces to their homes. This trend has led to an increase in demand for this material.

Latest Trends:

"Rise in urbanization to boost market growth"

The rise in urbanization has been a significant driver of the poly ethylene decking market. As more people move into cities and urban areas, the demand for outdoor living spaces and recreational areas has increased. Plastic decking is a popular choice for these spaces because it offers a low-maintenance, durable, and attractive alternative to traditional wood decking. Plastic decking is also highly resistant to moisture, mold, and mildew, making it ideal for use in areas with high humidity or near water, such as around swimming pools or bodies of water. Additionally, plastic decking is often made from recycled materials, making it an environmentally friendly option for consumers who are concerned about sustainability.

Poly Ethylene Decking Market SEGMENTATION

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• By Type

Based on type, the global poly ethylene decking market is divided into HDPE decking, and LDPE decking.

• By Application

Based on application, the market is divided into residential, and non-residential.

Driving Factors:

"Increasing usage of HDPE and LDPE materials to augment the product demand"

Increased usage of HDPE and LDPE materials are major factors driving market revenue growth owing to their exceptional durability in residential applications. Recycled plastic is also ideal for making decking items and outdoor furniture because of its excellent flexibility and elasticity.

"Increasing demand from construction industries to offer lucrative opportunities to the market"

Plastic decking is an elevated flat surface construction used in building facades made from recycled plastic materials. It is highly resistant and requires low maintenance to enhance the aesthetic value and quality of a deck. Moreover, these materials are resistant to moisture and humidity, which in turn raises their demand in the construction industry.

RESTRAINING FACTORS

"UV radiation can harm PVC (polyvinyl chloride)"

UV radiation from the sun can harm Polyvinyl Chloride (PVC) decks. Composite decking develops scratches over time owing to weather and storms. PVC decking products are prone to peeling, stains, deterioration, and mold buildup. Common consumer complaints have the same plot, as homeowners paid a premium amount for PVC decking, but after just a year or two, it had already started to deteriorate, peel, fade, or grow mildew. Although the repair of any defective PVC decking products is guaranteed under the warranties, consumers frequently encounter pushback from the manufacturers when they request replacement decking as per their warranties. In hot weather conditions, plastic decking results in loose joints and color changes, which limit market expansion.

Poly Ethylene Decking Market Regional Insight

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"North America to dominate the market owing to the rising construction activities in the region"

Strong demand for low-maintenance building materials from rapidly growing construction industry in the region is expected to fuel revenue growth of the market. Additionally, strict regulations in North America prohibiting the use of wood have sped up the adoption of plastic decking. As more people look to expand their available living space and increase the value of their property by adding a deck, consumer interest in outdoor living is expected to continue to climb. An increase in home renovation and housing completions will be the main factors driving demand for decking. More restaurants and hotels are expected to build decks as part of the outdoor living trend to give patrons inviting places to sit and eat outside.

Asia Pacific is expected to grow moderately over the forecast period. Demand from the building and construction industry in Asia Pacific countries like China and India is expected to drive the expansion of plastic decking. Regardless of the state of the market, demand for the industrial and construction sectors has increased. The expansion of the manufacturing and construction sectors, which in turn gave rise to several innovative and ground-breaking building materials and methods like plastic decking, has been significantly influenced by rising expectations and an improved standard of living.

Key Industry Players

"Market Players are adopting various strategies to Boost Market Growth"

The report delivers information about the list of market players and their operations in the industry. The information is collected and reported with proper research, technological developments, acquisitions, mergers, expanding production lines, and partnerships. Other aspects examined for this market include companies producing and introducing new products, regions they conduct their operations in, automation, technology adoption, generating the most revenue, and making a difference with their products.

List of Market Players Profiled

• UPM Kymmene (Finland)
• Universal Forest Products (U.S.)
• Advanced Environmental Recycling Technologies (U.S.)
• Fiberon (U.S.)
• Azek Building Products (U.S.)
• Cardinal Building Products (U.S.)
• Certainteed Corporation (U.S.)
• Duralife Decking and Railing Systems (U.S.)
• Green Bay Decking (U.S.)
• Tamko Building Products (U.S.)

Report coverage

This report examines an understanding of the global poly ethylene decking 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, macroeconomic 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.