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.
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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
• andere
Composite in Deck & Railing Market by Application [Value from 2018 to 2030]:
• Residential
• Commercial
• andere
Composite in Deck & Railing Market by Region [Value from 2018 to 2030]:
• Nordamerika
• Europa
• Asien -Pazifik
• Der Rest der Welt
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 ($B).
Trend- und Prognoseanalyse: Markttrends (2018 bis 2023) und Prognose (2024 bis 2030) durch verschiedene Segmente und Regionen.
Segmentation Analysis: Composite in the deck & railing market size by product type, resin type, application, and region in terms of value ($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.
Analyse der Wettbewerbsintensität der Branche basierend auf dem Fünf -Kräfte -Modell von Porter.
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?
Antwort: APAC wird voraussichtlich das höchste Wachstum im Prognosezeitraum verzeichnen.
Q7. Do we receive customization in this report?
Antwort: Ja, LucinTel bietet 10% Anpassung ohne zusätzliche Kosten.
Dieser Bericht beantwortet nach 11 Schlüsselfragen:
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. Welche Segmente werden schneller wachsen und warum?
Q.3. Welche Region wird schneller wachsen und warum?
Q.4. Was sind die Schlüsselfaktoren für die Marktdynamik? Was sind die wichtigsten Herausforderungen und Geschäftsrisiken in diesem Markt?
Q.5. Was sind die Geschäftsrisiken und wettbewerbsfähigen Bedrohungen in diesem Markt?
Q.6. Was sind die aufkommenden Trends in diesem Markt und die Gründe dafür?
Q.7. Was sind einige der sich ändernden Anforderungen von Kunden auf dem Markt?
Q.8. Was sind die neuen Entwicklungen auf dem Markt? Welche Unternehmen führen diese Entwicklungen an?
Q.9. Wer sind die Hauptakteure in diesem Markt? Welche strategischen Initiativen verfolgen wichtige Akteure für das Geschäftswachstum?
Q.10. Was sind einige der konkurrierenden Produkte in diesem Markt und wie stark sie für den Verlust des Marktanteils durch Material- oder Produktsubstitution darstellen?
Q.11. Welche M & A -Aktivitäten sind in den letzten 5 Jahren stattgefunden und wie hat ihre Auswirkungen auf die Branche?
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