Global plastic decking market projected to register CAGR of 10.8%

28-Jul-16

The global plastic decking market is projected to grow at a CAGR of 10.82% during the forecast period of 2016 – 2021 and reach US$4.69 bln by 2021, as per RnR Market Research, driven by factors such as rapid urbanization, rising construction activities in emerging economies, and large-scale investments in the industrial and infrastructure sectors.

HDPE resin used in decking & railing has high strength and stiffness, which is ideal for residential end use. Low-density polyethylene (LDPE) plastic decking products contain additives that enhance its strength. These plastics are thin, flexible, and elastic, and are used for the manufacture of decking products and exterior furniture. The Asia-Pacific market is projected to be the fastest-growing market during the forecast period. The increasing population and rising income is accelerating the per capita spending on construction. The markets of China and India are projected to be lucrative due to their rising middle-class population and rising consumer spending on construction sectors.