Ldpe Decking Market

The global Ldpe Decking market was valued at USD 2.92 Billion in 2020 and is projected to reach USD 6.93 Billion by 2028, growing at a CAGR of 11.41% from 2021 to 2028.

Deck boards fall into the category of fully synthetic or plastic lumber. Unlike composite decking, HDPE boards exclude any organic materials like wood fibers. Manufacturers use virgin or recycled high-density polyethylene (HDPE) as the key ingredient in the deck boards.

The global Ldpe Decking market is segmented based on products, applications, regions, and countries. The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. All the segments have been analyzed based on present and future trends. The research study provides complete assessment of the market on the basis of competition, drivers, restraints, opportunities, trends, and industry-authenticated data. The market is estimated from 2016 to 2020 with forecast from 2021 to 2028. 

COVID-19 pandemic led to government of numerous countries across the globe to impose strict lockdown restrictions during the preliminary stages. In 2021, numerous countries faced the adverse effects of the pandemic due to the outbreak of second wave, which also led governments to again impose lockdown measures. Business shutdowns, partial business operations, and travel restrictions have led to challenges in supply chain and in turn production. However, it is expected that reopening of trade activities, the market will witness steady growth in the demand in the coming years. Impact of COVID-19 on the market demand is considered while estimating the current and forecast market size and growth trends for all the regions and countries.

The report provides a completely separate chapter for COVID-19 Impact Analysis. This chapter includes:

o   Impact Assessment of COVID-19 Pandemic

o   Pre & Post COVID-19 Market Size

o   Qualitative analysis on the short term & long term impact of COVID-19 on the market

o   The analysis provides foremost strategies adopted by competitors to minimize the impact of the pandemic on their business activities and scope for future developments.

The increasing demand from construction industry due to the better properties that LDPE material offers is anticipated to augment the growth of the global LDPE decking market over the forecast period. Additionally, increase in new construction projects in emerging economies like China, India, and Mexico, among others is also projected to accelerate the market growth. 

Furthermore, the changing lifestyle and shift towards low-maintenance and good quality decks for homes is also expected to contribute to the growth of the LDPE decking market in near future. 

The availability of cost-effective LDPE substitutes, economic downturn and fluctuation in prices of raw materials are some of the factors that are expected to restrain the expansion of the global LDPE decking market in the years to come.

Based on region, the global Ldpe Decking market is segregated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America region led the market with the largest share in 2020. Some of the key countries contributing to the surge in the market are the U.S., U.K., Germany, France, China, India, Japan, and South Korea.

The market comprises of numerous small, medium, and large sized players spread across various geographies. Some of the main competitors in the global Ldpe Decking market are Certainteed Corporation, Universal Forest Products, Advanced Environmental Recycling Technologies, Azek Building Products, Fiberon, Green Bay Decking, UPM Kymmene, Duralife Decking and Railing Systems, Cardinal Building Products, Tamko Building Products, Seven Trust, Trex Company，Inc. The report covers company market share analysis which gives a comprehensive overview of the main competitors in the market. In addition, the report also covers major strategies adopted by market players such as new product launch, acquisitions & mergers, partnerships, collaborations & joint ventures, research & development, and regional expansion. The study also covers the product portfolio of major companies operating in the market.

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • UK
  • France
  • Germany
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Rest of Latin America
• Middle East and Africa
  • GCC Countries
  • South Africa
  • Rest of MEA

• Global Ldpe Decking Market is projected to reach USD 6.93 Billion by 2028
• North America held the highest share of the Ldpe Decking market
• Capped Composite held the largest share of the product segment in the Ldpe Decking market
• Residential held the major share of the application segment in the Ldpe Decking market