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Composite deckings and railings are expected to boost with rapid urbanization and industrialization in developing countries.
PORTLAND, OR, UNITED STATES, August 1, 2023/EINPresswire.com/ -- Composite decking and railing are innovative building materials used for outdoor decking and railing systems. They are designed to offer an alternative to traditional wood decking and railing, providing several advantages such as durability, low maintenance, and environmental sustainability.
The composite decking and railing market size was valued at $2.6 billion in 2020, and is expected to reach $9.2 billion by 2030, registering a CAGR of 12.6% from 2021 to 2030. Decking & railing is the process of installation of flooring and safety rails, generally outside the house, using materials, such as polypropylene and polyethylene, to enhance the beauty of buildings.
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Driving Factors:
Composite Decking:
Composite decking is made from a blend of wood fibers (often sourced from recycled materials) and plastic or polymer resins. The combination of these materials results in a product that closely resembles natural wood in appearance but offers enhanced performance and longevity.
Composite Railing:
Composite railing complements composite decking and is used as a safety barrier for decks, balconies, and stairs
The composite decking and railing is driven by factors such as increase in trend for beautification of buildings and rise in spending capacity of people and living a luxurious life. In addition, advancement in material has led to use of strong and durable materials to build the decks and railing. However, harsh weather, such as high heat and storm, can loosen the integrity of the composite material as well as the frame it is installed on, which, in turn, fails to last long and breaks earlier. This acts as a restraining factor for the growth of the composite decking and railing.
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Key Segments:
The composite decking and railing market analysis is segmented into type, application, resin type, composition, product type, and region. By type, the market is segregated into capped and uncapped. By application, it is divided into residential sector and non-residential sector. On the basis of resin type, it is classified into polypropylene and polyethylene. Compositions covered in the study include new solid and hollow. On the basis of product type, it is bifurcated into decking and railing. Region wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, and the rest of Europe), Asia-Pacific (China, Japan, South Korea, India, and the rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).
Composite decking and railing have become increasingly popular due to their many advantages over traditional wood materials. They offer a balance between aesthetics, performance, and environmental consciousness, making them an appealing choice for modern outdoor living spaces. However, as with any building material, it's essential to choose reputable brands and follow proper installation and maintenance guidelines to ensure the best results and longevity of the decking and railing system.
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Top Players:
The major players profiled in the research include Axion Structural Innovations LLC, Fortress Building Products, Fortune Brands Home & Security, Inc. (Fiberon), Genova Products Inc., Green Bay Decking, Shanghai Seven Trust Industry Co., Ltd, The AZEK Company Inc. (TimberTech), Trex Company, Inc., UFP Industries, Inc. and UPM. Major companies in the market have adopted product launch and business expansion as their key developmental strategies to offer better products and services to customers in the composite decking and railing industry
David Correa
Allied Analytics LLP
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