A composite refers to material made by combining two or more constituent elements with different physical and chemical properties. Composite refers to a building product that includes an equal amount of recycled plastic and recycled wood fibers. Composite decking and railing products have excellent resistance and durability, thus have a longer life span as compared to wood decks.
MARKET DYNAMICS
Increasing demand for low maintenance building products drives the growth of the composite decking and railing market. Besides this, composite decking and railings products are resistant to stains and insects and are easy to clean. This factor is also responsible for driving growth. However, the availability of substitutes restricts the growth of the composite and railing market. An upsurge in the awareness of capped composite is expected to fuel the growth of the composite and railing market in the near future.
MARKET SCOPE
The "Global Composite Decking and Railing Market Analysis to 2028" is a specialized and in-depth study of the Chemicals and Materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the composite decking and railing market with detailed market segmentation by type, resin type, application and geography. The global composite decking and railing market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading composite decking and railing market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global composite decking and railing market is segmented on the basis of type, resin type and application. On the basis of type, the composite decking and railing market is segmented into capped and uncapped. On the basis of resin type the composite decking and railing market is broken into polyethylene, polypropylene, polyvinylchloride and others. As per application the market is bifurcated into residential and non-residential.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global composite decking and railing market based on various segments. It also provides market size and forecast estimates from the year 2020to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The composite decking and railing market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the composite decking and railing market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the composite decking and railing market in these regions.
MARKET PLAYERS
The reports cover key developments in the composite decking and railing market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from composite decking and railing market are anticipated to lucrative growth opportunities in the future with the rising demand for composite decking and railing market in the global market. Below mentioned is the list of few companies engaged in the composite decking and railing market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the food binders. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Advanced Environmental Recycling Technologies, Inc. (AERT)
- Axion International, Inc.
- Fiberon LLC
- Green Bay Decking, LLC
- Integrity Composites LLC
- TAMKO Building Products LLC
- TimberTech Limited
- Trex Company, Inc.
- Universal Forest Products, Inc. (UFPI)
- UPM Biocomposites
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.