LDPE Decking Market Size, Share, Trends, Growth 2030

LDPE Decking Industry Prospective:

The global LDPE Decking market size was worth around USD 1800 million in 2022 and is predicted to grow to around USD 4400 million by 2030 with a compound annual growth rate (CAGR) of roughly 12.0% between 2023 and 2030.          

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LDPE Decking Market: Overview

Low-density Polyethylene (LDPE) decking is a common decking material used in outdoor building projects. It is composed of a thermoplastic polymer. Longevity, resilience to dampness and UV rays, minimal upkeep needs, and simplicity of installation are just a few benefits of LDPE decking. Decks, patios, boardwalks, and other outdoor buildings are frequently constructed using it. The demand for premium decking materials like LDPE has increased due to the growing appeal of outdoor living areas and homeowners' increased attention to outdoor aesthetics. The market's expansion has also been aided by the growing building activity, particularly in the residential sector.

Key Insights

• As per the analysis shared by our research analyst, the global LDPE Decking market is estimated to grow annually at a CAGR of around 12.0% over the forecast period (2023-2030).
• In terms of revenue, the global LDPE decking market size was valued at around USD 1800 million in 2022 and is projected to reach USD 4400 million, by 2030.
• The growing urbanization and rising product launches are expected to propel the LDPE decking market growth over the forecast period.
• Based on the type, the capped composite segment is expected to hold the largest market share over the forecast period.
• Based on the application, the residential segment is expected to grow at the highest CAGR over the forecast period.
• Based on region, North America is expected to hold the largest market share over the forecast period.

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LDPE Decking Market: Growth Drivers

Growing urbanization drives market growth

The market for LDPE decking has been significantly influenced by the increase in urbanization. The need for outdoor living spaces and recreation places has grown as more people migrate into cities and metropolitan regions. Since it provides a long-lasting, aesthetically pleasing, and low-maintenance substitute for conventional wood decking, LDPE decking is a popular option for these areas. Additionally, plastic decking is extremely resilient to mold, mildew, and moisture, which makes it suitable for use in humid environments or close to bodies of water, like swimming pools. Furthermore, as LDPE is frequently composed of recycled materials, it is a sustainable choice for customers who care about the environment. The need for outdoor living areas will likely be driven by urbanization, which means that the LDPE decking industry will probably keep expanding.

LDPE Decking Market: Restraints

Increased requirement for low-maintenance building materials and the availability of alternatives impedes market growth

The growing need for low-maintenance construction goods and the ease of finding alternatives might potentially hinder the LDPE decking market's expansion. Homes that need less upkeep are growing in popularity. Selecting goods for a house that will last the longest and require the least amount of upkeep is excellent, whether it's for new construction or remodeling tasks. Modified wood is perhaps the greatest decking material available to homeowners when it comes to composite decking substitutes. Even yet, tropical hardwoods with the highest density and longevity couldn't exactly meet all the requirements that modified wood can.

LDPE Decking Market: Opportunities

Increasing recycling initiatives offer a lucrative opportunity for market growth

The growing recycling initiatives by the market players are expected to offer a lucrative opportunity for LDPE decking market development over the forecast period. For instance, in August 2022, Trex firm, the leading producer of high-performance, wood-alternative decking and railing in the world, is partnering with cities and organizations to support its extensive recycling efforts since it is an eco-conscious firm. The recently established NexTrex® Grassroots Movement offers municipalities, colleges, charities, and other eligible companies a prepared framework to act as central drop-off points for recycling polyethylene plastic film and generate revenue for their respective organizations. The Grassroots Movement is an extension of Trex's popular recycling program, NexTrex®, which is a national material sourcing campaign. Trex uses 95% reused materials, including a combination of recycled polyethylene plastic film and industrial wood refuse, to make its composite decking. Trex obtains a significant amount of its plastic film via a network of over 32,000 supermarkets and other retail partners. These partners collaborate with Trex to recycle commercial, industrial, and post-consumer plastic film that is gathered through front-of-house and warehouse collection methods. The advantages of Trex recycling are now available to businesses and groups who might not be able to satisfy the volume requirements for the company's commercial recycling program due to the new grassroots initiative.

LDPE Decking Market: Challenges

Environmental concern poses a major challenge to market growth

Despite being plastic, LDPE may raise questions regarding its effects on the environment, particularly if it is not obtained responsibly or cannot be recycled. Consumer decisions are becoming more and more influenced by environmental factors. Thus, growing concern related to the environment poses a major challenge for the LDPE decking market expansion over the anticipated timeframe.

LDPE Decking Market: Segmentation

The global LDPE Decking industry is segmented based on the type, application, and region.

Based on the type, the global market is bifurcated into a capped composite and uncapped composite. The capped composite segment is expected to hold the largest LDPE decking industry share over the forecast period owing to several benefits. Capped composite decking is known for its durability. The protective cap layer helps shield the material from moisture, insects, and UV rays, contributing to a longer lifespan compared to traditional wood decking. Moreover, this decking requires minimal maintenance. It doesn't need staining or sealing like wood decks, making it an attractive option for homeowners who want a low-maintenance outdoor space. Furthermore, capped composite decking is available in a variety of colors and finishes, providing homeowners with options to match their aesthetic preferences and complement their outdoor spaces. Thereby, driving the market growth.

Based on the application, the global LDPE decking industry is bifurcated into residential, commercial, industrial, and others. The residential segment is expected to grow at the highest CAGR over the forecast period. When choosing decking materials, homeowners usually want something long-lasting, and resistant to environmental factors like dampness, UV rays, and insects. Furthermore, they frequently like low-maintenance decking materials that don't need to be stained, sealed, or other time-consuming upkeep. Thus, driving the market growth over the projected period.

LDPE Decking Market: Report Scope

LDPE Decking Market: Regional Analysis

North America is expected to hold the largest market share over the forecast period

North America is expected to hold the largest LDPE decking market share over the forecast period. Strong demand for low-maintenance building materials from the rapidly growing construction industry in the area is expected to fuel market revenue growth. Furthermore, strict regulations in North America that prohibit the use of wood have sped up the use of plastic decking. As more individuals look to add decks to their houses to boost their accessible living space and property value, it is projected that consumer interest in outdoor living will grow. A rise in house completions and renovations will be the primary factors driving demand for decking. More eateries and lodging facilities are expected to build decks as part of the outdoor living movement to give patrons cozy outside dining areas. On the other hand, the Asia Pacific is expected to grow at the highest CAGR during the forecast period. The market growth is attributed to rapid urbanization and increasing spending on aesthetically appealing products. For instance, according to the Data given by the United Nations, one defining megatrend in the Asia-Pacific area is still urbanization. Over 2.2 billion people, or 54% of the world's metropolitan population, reside in Asia. Asia's urban population is predicted to increase by 50% by 2050, adding 1.2 billion more residents.

LDPE Decking Market: Competitive Analysis

The global LDPE Decking market is dominated by players like:

• Azek Building Products
• Cardinal Building Products
• UPM Kymmene
• Universal Forest Products
• Advanced Environmental Recycling Technologies
• Fiberon
• Tamko Building Products
• Certainteed Corporation
• Duralife Decking and Railing Systems
• Green Bay Decking

The global LDPE Decking market is segmented as follows:

By Type

• Capped Composite
• Uncapped Composite

By Application

• Residential
• Commercial
• Industrial
• Others

By Region

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