Market Overview:
The global composite decking board market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for low-maintenance and eco-friendly decking boards across the globe. Composite decking boards are made up of recycled or new plastic, bamboo fibers, wood fibers, or other materials. These boards are durable and resistant to weather conditions, which makes them a popular choice among homeowners and commercial establishments alike. The North American region is expected to dominate the global composite decking board market during the forecast period owing to high consumer demand for eco-friendly products and rising awareness about their benefits over traditional wooden decks.
Product Definition:
A composite decking board is a manufactured product made from wood fiber and plastic. It is used to create outdoor decks and other structures such as porches, gazebos, and stairways. Composite decking boards are made to look like natural wood, but they are more resistant to weathering and insects. The importance of composite decking boards is that they provide a durable surface for outdoor use that does not require regular maintenance.
Recycled and New Plastic:
Recycled plastic or New Plastic is a type of polymer that has been recycled. The most common types of plastics that are used for recycling include Polyethylene (PE), Polypropylene (PP), High-Density Polyethylene (HDPE), Low-Density Polyethylene (LDPE) and Linear low-density polyethylene (LLDPE).
Bamboo Fibers:
Bamboo fibers are the most commonly used raw material in composite decking boards. These products have a wide range of applications such as insulation, construction, and automotive industries. The global bamboo fiber market is expected to witness significant growth over the forecast period owing to its increasing demand from various end-use industries including building & construction and automotive.
The growing popularity of green building initiatives across developed countries will propel industry expansion over the next seven years.
Application Insights:
The composite decking board market is segmented on the basis of application into residential and commercial. The residential application segment dominated the overall industry in terms of revenue share in 2017, owing to rising demand for single-family houses from emerging economies such as China, India and Brazil. Composite decking boards are used for constructing decks that are attached to single-family homes as well as multi-story buildings.
The growing popularity of outdoor living spaces among consumers around the world has led to an increased demand for composite decking boards with a variety of designs and colors that can be used both inside and outside homes. These products can also be customized with images or words, which helps consumers personalize their space while enhancing its aesthetic value.
Regional Analysis:
Asia Pacific dominated the global composite decking board market in 2017. The region is expected to witness significant growth over the forecast period owing to increasing construction activities and rising consumer disposable income levels. In addition, growing residential and commercial construction sectors in emerging economies of India, China, Indonesia, Vietnam and others are anticipated to drive product demand over the next eight years.
Europe accounted for a major share of revenue in 2017 on account of high consumption levels coupled with extensive renovation activities taking place across several households within the region. In addition, rising awareness regarding environment protection is projected to spur regional product demand over the forecast period.
North America held a substantial share of global revenue due its widespread use as an exterior covering for buildings both inside and outside their original constructions (renovation).
Growth Factors:
- Increasing demand from construction and infrastructure sector
- Rising disposable income of the consumers
- Technological advancements in the manufacturing process of composite decking boards
- Growing popularity of outdoor living spaces
- Government initiatives for promoting use of environment-friendly materials
Scope Of The Report
Report Attributes
Report Details
Report Title
Composite Decking Board Market Research Report
By Type
Recycled and New Plastic, Bamboo Fibers, Wood Fibers, Other
By Application
Residential, Commercial
By Companies
Trex, AZEK, Fiberon, Oldcastle, Universal Forest Products, TAMKO, Barrette Outdoor Living, Cali Bamboo, Leadvision, LumbeRock, Trex
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
120
Number of Tables & Figures
84
Customization Available
Yes, the report can be customized as per your need.
Global Composite Decking Board Market Report Segments:
The global Composite Decking Board market is segmented on the basis of:
Types
Recycled and New Plastic, Bamboo Fibers, Wood Fibers, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Residential, Commercial
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Trex
- AZEK
- Fiberon
- Oldcastle
- Universal Forest Products
- TAMKO
- Barrette Outdoor Living
- Cali Bamboo
- Leadvision
- LumbeRock
- Trex
Highlights of The Composite Decking Board Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Recycled and New Plastic
- Bamboo Fibers
- Wood Fibers
- Other
- By Application:
- Residential
- Commercial
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Composite Decking Board Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Composite decking board is a type of composite material that is made up of two or more different types of materials. Composite decking boards are often made up of wood fibers and plastic fibers, which makes them strong and durable.
Some of the key players operating in the composite decking board market are Trex, AZEK, Fiberon, Oldcastle, Universal Forest Products, TAMKO, Barrette Outdoor Living, Cali Bamboo, Leadvision, LumbeRock, Trex.
The composite decking board market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Composite Decking Board Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Composite Decking Board Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Composite Decking Board Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Composite Decking Board Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Composite Decking Board Market Size & Forecast, 2018-2028
4.5.1 Composite Decking Board Market Size and Y-o-Y Growth
4.5.2 Composite Decking Board Market Absolute $ Opportunity
Chapter 5 Global Composite Decking Board Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Composite Decking Board Market Size Forecast by Type
5.2.1 Recycled and New Plastic
5.2.2 Bamboo Fibers
5.2.3 Wood Fibers
5.2.4 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Composite Decking Board Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Composite Decking Board Market Size Forecast by Applications
6.2.1 Residential
6.2.2 Commercial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Composite Decking Board Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Composite Decking Board Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Composite Decking Board Analysis and Forecast
9.1 Introduction
9.2 North America Composite Decking Board Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Composite Decking Board Market Size Forecast by Type
9.6.1 Recycled and New Plastic
9.6.2 Bamboo Fibers
9.6.3 Wood Fibers
9.6.4 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Composite Decking Board Market Size Forecast by Applications
9.10.1 Residential
9.10.2 Commercial
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Composite Decking Board Analysis and Forecast
10.1 Introduction
10.2 Europe Composite Decking Board Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Composite Decking Board Market Size Forecast by Type
10.6.1 Recycled and New Plastic
10.6.2 Bamboo Fibers
10.6.3 Wood Fibers
10.6.4 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Composite Decking Board Market Size Forecast by Applications
10.10.1 Residential
10.10.2 Commercial
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Composite Decking Board Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Composite Decking Board Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Composite Decking Board Market Size Forecast by Type
11.6.1 Recycled and New Plastic
11.6.2 Bamboo Fibers
11.6.3 Wood Fibers
11.6.4 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Composite Decking Board Market Size Forecast by Applications
11.10.1 Residential
11.10.2 Commercial
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Composite Decking Board Analysis and Forecast
12.1 Introduction
12.2 Latin America Composite Decking Board Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Composite Decking Board Market Size Forecast by Type
12.6.1 Recycled and New Plastic
12.6.2 Bamboo Fibers
12.6.3 Wood Fibers
12.6.4 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Composite Decking Board Market Size Forecast by Applications
12.10.1 Residential
12.10.2 Commercial
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Composite Decking Board Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Composite Decking Board Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Composite Decking Board Market Size Forecast by Type
13.6.1 Recycled and New Plastic
13.6.2 Bamboo Fibers
13.6.3 Wood Fibers
13.6.4 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Composite Decking Board Market Size Forecast by Applications
13.10.1 Residential
13.10.2 Commercial
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Composite Decking Board Market: Competitive Dashboard
14.2 Global Composite Decking Board Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Trex
14.3.2 AZEK
14.3.3 Fiberon
14.3.4 Oldcastle
14.3.5 Universal Forest Products
14.3.6 TAMKO
14.3.7 Barrette Outdoor Living
14.3.8 Cali Bamboo
14.3.9 Leadvision
14.3.10 LumbeRock
14.3.11 Trex
