The composite concrete deck is a sustainable building material that offers high strength, reinforces structural integrity, and adds durability to the structures. The rising usage of composite concrete decks in multistory residential and commercial construction is expected to fuel the market’s demand.With the growing concerns related to the environment, stringent regulations by the governments have stimulated the use of sustainable building materials. Steel used as a reinforcement material in the composite concrete deck can be recycled repeatedly without affecting its inherent properties, making it a sustainable solution. Moreover, the reinforcement given by steel reduces the consumption of concrete in the construction of decking, thus reducing the overall cost.
The market for composite concrete deck is negatively affected by the presence of decking substitutes such as wooden decking, composite decking, bamboo decking, and concrete decking, which also provide high strength and durability. However, rising concerns about using environment-friendly building products have encouraged the use of various composite materials. In addition, the growing usage of advanced materials in developed economies such as the U.S., Canada, the U.K., and Germany is anticipated to further boost demand for the composite concrete deck during the coming years.
The market is competitive owing to the presence of manufacturers that are consolidated in North America and Europe. The strong presence of major players, along with the existence of opportunities in developing countries with huge investing powers for the continuous development, exhibits high competitive rivalry among the players. Furthermore, market players are engaged in forward integration by providing products directly to end users.
Get a preview of the latest developments in the Composite Concrete Deck Market! Download your FREE sample PDF today and explore key data and trends
Composite Concrete Deck Market Report Highlights
• The 3" thickness type segment led the market and accounted for the largest revenue share of 42.35% in 2022, and it is expanding at a CAGR of 6.8% during the forecast year 2023-2030. It is the most common and profound variety of composite floor deck that can support concrete slabs thicker than the 1.5" or 2" composite concrete deck. Its applications in outdoor flooring are for larger spans. The market demand is expected to increase during the forecast period due to its expanding trends in the industrial and commercial construction industries
• Site-built deck type led the market and accounted for USD 236.1 million in 2022. The growth is attributed to its ability to provide additional structural integrity. It can be customized to fit the exact specifications of the deck, making it more stable and movement-resistant. Thus, augmenting the demand for site-built deck type during the forecast year
List of Key Players in Composite Concrete Deck Market
• ASC Steel Deck
• Raised Floor Solutions Limited
• Tata Steel
• Prodeck-Fixing Ltd.
• Structural Metal Decks
• O’Donnell Metal Deck, LLC
• Construction Metal Forming
• Cordeck
• A.C.T. Metal Deck Supply
• TRUEDEK Steel Decking solutions
Gather more insights about the market drivers, restrains and growth of the Global Composite Concrete Deck Market