Composite Decking and Railing Market - Forecast(2021 - 2026)

Report Code: CMR 99645 Report Format: PDF + Excel (Delivery in 48 Hrs)

Composite Decking and Railing Market Overview

Composite Decking and Railing Market size is forecast to reach $5.6 billion by 2026, after growing at a CAGR of 12.8% during 2021-2026. Composite Decking and Railing combines the look of wood with the durability and an easy care of modern day with a low- maintenance material. It is a blend of the recycled wood flour and Polyvinyl Chloride (PVC) which provide an exceptionally beautiful structure with strength and weatherability. 

Decking made of capped composites and capped polymer (100 percent PVC) is a great choice for any outdoor room. They are practically maintenance-free, splinter-free, highly resistant to the elements, and easy to clean, unlike real wood. Composites railing doesn’t rot, twist, wrap, crack or split as the wooden one does. Because of the use of recycled product, it is has become the smart choice for eco-conscious consumer. The growth is mainly due to its low maintenance benefits. The major use of these is in the building and construction work.

COVID-19 Impact

The emergence of COVID-19, have noticeable impact on global economic growth. The Composite Decking and Railing Market has been affected due to COVID-19 pandemic where most of the industrial activity has been temporarily shut down. In turn has affected the demand and supply chain as well which has been restricting the growth in year 2020. Post pandemic, the demand for composite decks among homeowners has increased as global economy are bouncing back on track. To make its goods more affordable, the manufacturer has increased capacity and reduced prices.

Composite Decking and Railing Market Report Coverage

The report: “Composite Decking and Railing Market- Forecast (2021-2026)”, by IndustryARC, covers an in-depth analysis of the following segments of the Composite Decking and Railing Industry.

By Product Type: Capped Composites and Uncapped Composites.
By Type of Resin: Polyethylene, Polypropylene, Poly Vinyl Chloride (PVC) and Others.
By End Use: Residential (Independent House, Row House and Large apartments), Commercial (Airports, Hospitals, Clinics and Healthcare Institutions, Hotels, Restaurants and Cafes, Office Buildings, Shopping Malls and Super Markets, Sports Stadium and Others), Infrastructural, Industrial and Others.
By Geography: North America (U.S, Canada and Mexico), Europe (UK, France, Germany, Italy, Spain, Russia, Netherlands, Belgium, and Rest of Europe), APAC (China, Japan, India, South Korea, Australia and New Zealand, Indonesia, Taiwan, Malaysia and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile, Rest of South America), and RoW (Middle East and Africa).

Key Takeaways

  • Asia Pacific dominates the Composite Decking and Railing Market owing to rapid increase in Building and Construction.
  • There is a general shift in trend from natural woodwork towards composite decking and railing.
  • The market drivers and restraints have been assessed to understand their impact over the forecast period.
  • The report further identifies the key opportunities for growth while also detailing the key challenges and possible threats.
  • The other key areas of focus include the various applications and end use industry in Composite Decking and Railing Market and their specific segmented revenue.
  • Due to the COVID-19 pandemic, most of the countries have gone under temporary shutdown, due to which operations of Composite decking and railing related industries has been negatively affected, thus hampering the growth of the market.

Figure: North America Composite Decking and Railing Market Revenue, 2020-2026 (US$ Billion)

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Composite Decking and Railing Market Segment Analysis - By Product Type

Capped Composites held the largest share of 35% in the Composite Decking and Railing Market in 2020. This growth is mainly attributed to the increasing demand for composites in low maintenance and bring new improvements in the aesthetic. The capped composites consist of a cover which is bounded to the core while manufacturing as in the case of golf ball. This is inhibited with UV inhibitors, beautiful color, and antioxidants. The capped composites decking and railing are made up of 75-95% of the recycled material.

Composite Decking and Railing Market Segment Analysis - By Resin Type

Polyethylene held the largest share of 32% in the Composite Decking and Railing Market in 2020. Polyethylene is the most used plastic in the world. Polyethylene is further divided into Low Density Polyethylene (LDPE) and High-Density Polyethylene (HDPE). It is a low maintenance product and is a thermoplastic that can be shaped into any form and variety. Polyethylene has several performance benefits like its higher strength and stiffness which is good for residential applications which require up to 16-inch joints to the center.

Composite Decking and Railing Market Segment Analysis - By End Use

Commercial Construction dominates the Composite Decking and Railing Market growing at a CAGR of 13.2% during the forecast period. The commercial construction is the fastest growing industry in composite decking and railing market. It is majorly used because of its confrontation to the thermal contraction and expansion when in sunlight. Major applications include cafes, hotels, resorts, docks, marinas, pool areas and many others. 

The new composites have combined with the general advantages of semi-crystalline thermoplastic matrix composites with respect to the molding processes, chemical resistance, damage tolerance, environmental resistance and all other recycling possibilities with the growing demand for lower cost production and a higher production rates in larger volumes market such as construction industries and others. There is a growing composite industry and its demand for composites particularly in the regions of Asia-Pacific, North America and Europe. 

The segment is witnessing growth due to the rising penetration from untapped markets. First-mover advantage in untapped regions and relatively low acquisition costs remain key driving forces in this application market. Furthermore, R&D in Composites Decking and Railing market will support the growth of the Composite Decking and Railing Market.

Composite Decking and Railing Market Segment Analysis - By Geography

North America region held the largest share in the Composite Decking and Railing Market in 2020 up to 40%, owing to the increasing construction region. According to Deloitte report 2019, US construction industry is among the world’s largest, with annual expenditures of over 1.3t USD. With this annual spending driving the US economy, US construction companies, for example, spend more than 10t USD in goods and services, employing over 10 million workers. 

By 2022, the total value of the construction put in place for the US market will likely reach 1.46t USD, up from an estimated 1.35t USD in 2019, indicating a stable growth for US E&C market. Canada is also in the path of growing construction as increasing population and demand for construction. Europe and APAC also drive the demand for construction industry and is growing at a very faster pace. Asia pacific will be the fastest growing region in the coming years. Currently the Composite Decking and Railing Market has been affected due to COVID-19 pandemic where most of the industrial activity has been temporarily shut down. It in turn has affected the demand and supply chain as well which has been restricting the growth in year 2020.

Composite Decking and Railing Market Drivers 

Rise in Demand for Composites Decking and Railing in Construction

Industrialization has led to the increase in demand for composites in various industries for different purposes. The rise in demand for composite decking and railing can be witnessed in residential and non-residential construction. The increase and benefit of recycling of the product is driving the customer who are conscious about the environment concern.

Composite Decking and Railing Market Challenges

Upsurge in Demand for Low Maintenance Building Products and Availability of Substitute

The rise in demand for low-maintenance building products, as well as easy access to substitutes, may act as a stumbling block to the market's growth. Low-maintenance homes are becoming increasingly popular. When it comes to home selections, whether for new construction or re-modelling projects, choosing items that will last the longest (and require the least amount of maintenance) is ideal. When it comes to composite decking alternatives, modified wood is arguably the best decking material on the market for homeowners. Although the most dense and long-lasting tropical hardwoods can't quite tick all the boxes that modified wood can.

Composite Decking and Railing Market Landscape

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Composite Decking and Railing Market. Major players in the Composite Decking and Railing Market are UPM Biocomposites, Advanced Environmental Recycling Technologies, Inc., Fiberon, AZEK Building Products (TimberTech), Advantage Trim & Lumber, Timber Holdings USA, Trex Company, Inc., Cali Bamboo, LLC, DassoXTR, and Moso and Others.

Acquisitions/Technology Launches/ Product Launches

  • In January 2021, Envision Building Products LLC, headquartered in Lamar, Missouri, acquired Fairway Architectural Railing Solutions. The acquisition will lead to strengthen the product portfolio which will make Envision Building Products LLC, an undisputed market share leader of non-wood railing in the US market.

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1. Composite Decking & Railing Market - Market Overview
    1.1 Definition and Scope
2. Composite Decking & Railing Market - Executive Summary
    2.1 Key Trends by Product Type
    2.2 Key Trends by Type of Resin
    2.3 Key Trends by End Use
    2.4 Key trends by Geography
3. Composite Decking & Railing Market – Comparative Analysis
    3.1 Market Share Analysis- Major Companies
    3.2 Product Benchmarking- Major Companies
    3.3 Top 5 Financials Analysis
    3.4 Patent Analysis- Major Companies
    3.5 Pricing Analysis (ASPs will be provided)
4. Composite Decking & Railing Market - Startup companies Scenario Premium Premium
    4.1 Major startup company Analysis by
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Product Portfolio
        4.1.4 Venture Capital and Funding Scenario
5. Composite Decking & Railing Market – Industry Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing Business Index
    5.3 Successful Venture Profiles
    5.4 Customer Analysis – Major companies
6. Composite Decking & Railing Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porters Five Force Model
        6.3.1 Bargaining Power of Suppliers
        6.3.2 Bargaining Powers of Buyers
        6.3.3 Threat of New Entrants
        6.3.4 Competitive Rivalry
        6.3.5 Threat of Substitutes
7. Composite Decking & Railing Market – Strategic Analysis
    7.1 Value/Supply Chain Analysis
    7.2 Opportunity Analysis
    7.3 Product/Market Life Cycle
    7.4 Distributor Analysis – Major Companies
8. Composite Decking & Railing Market – By Product Type (Market Size -$Million)
    8.1 Capped Composites
    8.2 Uncapped Composites
9. Composite Decking & Railing Market – By Type of Resin (Market Size -$Million)
    9.1 Polyethylene
    9.2 Polypropylene
    9.3 Poly Vinyl Chloride (PVC)
    9.4 Others
10. Composite Decking & Railing Market – By End Use (Market Size -$Million)
    10.1 Residential
        10.1.1 Independent House
        10.1.2 Row House
        10.1.3 Large Apartments
    10.2 Commercial
        10.2.1 Airports
        10.2.2 Hospitals, Clinics and Healthcare Institutions
        10.2.3 Hotels, Restaurants and Cafes
        10.2.4 Office Buildings
        10.2.5 Shopping Malls and Super Markets
        10.2.6 Sports Stadium
        10.2.7 Others
    10.3 Infrastructural
    10.4 Industrial
    10.5 Others
11. Composite Decking & Railing Market - By Geography (Market Size -$Million)
    11.1 North America
        11.1.1 U.S
        11.1.2 Canada
        11.1.3 Mexico
    11.2 Europe
        11.2.1 UK
        11.2.2 Germany
        11.2.3 France
        11.2.4 Italy
        11.2.5 Netherland
        11.2.6 Spain
        11.2.7 Russia
        11.2.8 Belgium
        11.2.9 Rest of Europe
    11.3 Asia-Pacific
        11.3.1 China
        11.3.2 Japan
        11.3.3 India
        11.3.4 South Korea
        11.3.5 Australia and New Zealand
        11.3.6 Rest of APAC
    11.4 South America
        11.1.1 Brazil
        11.1.2 Argentina
        11.1.3 Colombia
        11.1.4 Chile
        11.1.5 Rest of South America
    11.5 Rest of the World
        11.5.1 Middle East
            11.5.1.1 Saudi Arabia
            11.5.1.2 U.A.E
            11.5.1.3 Israel
            11.5.1.4 Rest of the Middle East
        11.5.2 Africa
            11.5.2.1 South Africa
            11.5.2.2 Nigeria
            11.5.2.3 Rest of Africa
12. Composite Decking & Railing Market – Entropy
    12.1 New Product Launches
    12.2 M&As, Collaborations, JVs and Partnerships
13. Composite Decking & Railing Market – Market Share Analysis Premium
    13.1 Market Share by Region - Major companies
    13.2 Market Share by Key Region - Major companies
    13.3 Market Share by Key Country - Major companies
    13.4 Market Share by Key Application - Major companies
    13.5 Market Share by Key Product Type/Product category - Major companies
14. Composite Decking & Railing Market – Key Company List by Country Premium Premium
15. Composite Decking & Railing Market Company Analysis - Business Overview, Product Portfolio, Financials, and Developments
    15.1 Company 1
    15.2 Company 2
    15.3 Company 3
    15.4 Company 4
    15.5 Company 5
    15.6 Company 6
    15.7 Company 7
    15.8 Company 8
    15.9 Company 9
    15.10 Company 10 and more
"*Financials would be provided on a best efforts basis for private companies"

LIST OF TABLES

1.Global Composite Decking Market & Railing Market By Type Market 2019-2024 ($M)
1.1 Capped Composite Decking & Railing Market 2019-2024 ($M) - Global Industry Research
1.2 Uncapped Composite Decking & Railing Market 2019-2024 ($M) - Global Industry Research
2.Global Composite Decking Market & Railing Market By Resin Type Market 2019-2024 ($M)
2.1 Polyethylene Composite Decking & Composite Railing Market Market 2019-2024 ($M) - Global Industry Research
2.2 Polypropylene Composite Decking & Composite Railing Market Market 2019-2024 ($M) - Global Industry Research
2.3 Polyvinyl Chloride Composite Decking & Composite Railing Market Market 2019-2024 ($M) - Global Industry Research
3.Global Composite Decking Market & Railing Market By Type Market 2019-2024 (Volume/Units)
3.1 Capped Composite Decking & Railing Market 2019-2024 (Volume/Units) - Global Industry Research
3.2 Uncapped Composite Decking & Railing Market 2019-2024 (Volume/Units) - Global Industry Research
4.Global Composite Decking Market & Railing Market By Resin Type Market 2019-2024 (Volume/Units)
4.1 Polyethylene Composite Decking & Composite Railing Market Market 2019-2024 (Volume/Units) - Global Industry Research
4.2 Polypropylene Composite Decking & Composite Railing Market Market 2019-2024 (Volume/Units) - Global Industry Research
4.3 Polyvinyl Chloride Composite Decking & Composite Railing Market Market 2019-2024 (Volume/Units) - Global Industry Research
5.North America Composite Decking Market & Railing Market By Type Market 2019-2024 ($M)
5.1 Capped Composite Decking & Railing Market 2019-2024 ($M) - Regional Industry Research
5.2 Uncapped Composite Decking & Railing Market 2019-2024 ($M) - Regional Industry Research
6.North America Composite Decking Market & Railing Market By Resin Type Market 2019-2024 ($M)
6.1 Polyethylene Composite Decking & Composite Railing Market Market 2019-2024 ($M) - Regional Industry Research
6.2 Polypropylene Composite Decking & Composite Railing Market Market 2019-2024 ($M) - Regional Industry Research
6.3 Polyvinyl Chloride Composite Decking & Composite Railing Market Market 2019-2024 ($M) - Regional Industry Research
7.South America Composite Decking Market & Railing Market By Type Market 2019-2024 ($M)
7.1 Capped Composite Decking & Railing Market 2019-2024 ($M) - Regional Industry Research
7.2 Uncapped Composite Decking & Railing Market 2019-2024 ($M) - Regional Industry Research
8.South America Composite Decking Market & Railing Market By Resin Type Market 2019-2024 ($M)
8.1 Polyethylene Composite Decking & Composite Railing Market Market 2019-2024 ($M) - Regional Industry Research
8.2 Polypropylene Composite Decking & Composite Railing Market Market 2019-2024 ($M) - Regional Industry Research
8.3 Polyvinyl Chloride Composite Decking & Composite Railing Market Market 2019-2024 ($M) - Regional Industry Research
9.Europe Composite Decking Market & Railing Market By Type Market 2019-2024 ($M)
9.1 Capped Composite Decking & Railing Market 2019-2024 ($M) - Regional Industry Research
9.2 Uncapped Composite Decking & Railing Market 2019-2024 ($M) - Regional Industry Research
10.Europe Composite Decking Market & Railing Market By Resin Type Market 2019-2024 ($M)
10.1 Polyethylene Composite Decking & Composite Railing Market Market 2019-2024 ($M) - Regional Industry Research
10.2 Polypropylene Composite Decking & Composite Railing Market Market 2019-2024 ($M) - Regional Industry Research
10.3 Polyvinyl Chloride Composite Decking & Composite Railing Market Market 2019-2024 ($M) - Regional Industry Research
11.APAC Composite Decking Market & Railing Market By Type Market 2019-2024 ($M)
11.1 Capped Composite Decking & Railing Market 2019-2024 ($M) - Regional Industry Research
11.2 Uncapped Composite Decking & Railing Market 2019-2024 ($M) - Regional Industry Research
12.APAC Composite Decking Market & Railing Market By Resin Type Market 2019-2024 ($M)
12.1 Polyethylene Composite Decking & Composite Railing Market Market 2019-2024 ($M) - Regional Industry Research
12.2 Polypropylene Composite Decking & Composite Railing Market Market 2019-2024 ($M) - Regional Industry Research
12.3 Polyvinyl Chloride Composite Decking & Composite Railing Market Market 2019-2024 ($M) - Regional Industry Research
13.MENA Composite Decking Market & Railing Market By Type Market 2019-2024 ($M)
13.1 Capped Composite Decking & Railing Market 2019-2024 ($M) - Regional Industry Research
13.2 Uncapped Composite Decking & Railing Market 2019-2024 ($M) - Regional Industry Research
14.MENA Composite Decking Market & Railing Market By Resin Type Market 2019-2024 ($M)
14.1 Polyethylene Composite Decking & Composite Railing Market Market 2019-2024 ($M) - Regional Industry Research
14.2 Polypropylene Composite Decking & Composite Railing Market Market 2019-2024 ($M) - Regional Industry Research
14.3 Polyvinyl Chloride Composite Decking & Composite Railing Market Market 2019-2024 ($M) - Regional Industry Research

LIST OF FIGURES

1.US Composite Decking & Railing Market Revenue, 2019-2024 ($M)
2.Canada Composite Decking & Railing Market Revenue, 2019-2024 ($M)
3.Mexico Composite Decking & Railing Market Revenue, 2019-2024 ($M)
4.Brazil Composite Decking & Railing Market Revenue, 2019-2024 ($M)
5.Argentina Composite Decking & Railing Market Revenue, 2019-2024 ($M)
6.Peru Composite Decking & Railing Market Revenue, 2019-2024 ($M)
7.Colombia Composite Decking & Railing Market Revenue, 2019-2024 ($M)
8.Chile Composite Decking & Railing Market Revenue, 2019-2024 ($M)
9.Rest of South America Composite Decking & Railing Market Revenue, 2019-2024 ($M)
10.UK Composite Decking & Railing Market Revenue, 2019-2024 ($M)
11.Germany Composite Decking & Railing Market Revenue, 2019-2024 ($M)
12.France Composite Decking & Railing Market Revenue, 2019-2024 ($M)
13.Italy Composite Decking & Railing Market Revenue, 2019-2024 ($M)
14.Spain Composite Decking & Railing Market Revenue, 2019-2024 ($M)
15.Rest of Europe Composite Decking & Railing Market Revenue, 2019-2024 ($M)
16.China Composite Decking & Railing Market Revenue, 2019-2024 ($M)
17.India Composite Decking & Railing Market Revenue, 2019-2024 ($M)
18.Japan Composite Decking & Railing Market Revenue, 2019-2024 ($M)
19.South Korea Composite Decking & Railing Market Revenue, 2019-2024 ($M)
20.South Africa Composite Decking & Railing Market Revenue, 2019-2024 ($M)
21.North America Composite Decking & Railing By Application
22.South America Composite Decking & Railing By Application
23.Europe Composite Decking & Railing By Application
24.APAC Composite Decking & Railing By Application
25.MENA Composite Decking & Railing By Application
26.UPM Biocomposites, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Timbertech, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Fiberon LLC, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Integrity Composites LLC, Sales /Revenue, 2015-2018 ($Mn/$Bn)