[FURL=https://www.industryarc.com/Research/Composite-Decking-Railing-Market-Research-500443?utm_source=briefingwire&utm_medium=pressrelease&utm_campaign=paidpressrelease/]Composite Decking and Railing Market[/FURL] size is forecast to reach $5.6 billion by 2026, after growing at a CAGR of 12.8% during 2021-2026. Composite Decking and Railing combines the look of wood with the durability and an easy care of modern day with a low- maintenance material. It is a blend of the recycled wood flour and Polyvinyl Chloride (PVC) which provide an exceptionally beautiful structure with strength and weatherability.Key Takeaways
Asia Pacific dominates the Composite Decking and Railing Market owing to rapid increase in Building and Construction.
There is a general shift in trend from natural woodwork towards composite decking and railing.
The market drivers and restraints have been assessed to understand their impact over the forecast period.
The report further identifies the key opportunities for growth while also detailing the key challenges and possible threats.
The other key areas of focus include the various applications and end use industry in Composite Decking and Railing Market and their specific segmented revenue.
Due to the COVID-19 pandemic, most of the countries have gone under temporary shutdown, due to which operations of Composite decking and railing related industries has been negatively affected, thus hampering the growth of the market.
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Composite Decking and Railing Market Segment Analysis - By Geography
North America region held the largest share in the Composite Decking and Railing Market in 2020 up to 40%, owing to the increasing construction region. According to Deloitte report 2019, US construction industry is among the world’s largest, with annual expenditures of over 1.3t USD. With this annual spending driving the US economy, US construction companies, for example, spend more than 10t USD in goods and services, employing over 10 million workers.
Composite Decking and Railing Market Drivers
Rise in Demand for Composites Decking and Railing in Construction
Composite Decking and Railing Market Landscape
Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Composite Decking and Railing Market. Major players in the Composite Decking and Railing Market are UPM Biocomposites, Advanced Environmental Recycling Technologies, Inc., Fiberon, AZEK Building Products (TimberTech), Advantage Trim & Lumber, Timber Holdings USA, Trex Company, Inc., Cali Bamboo, LLC, DassoXTR, and Moso and Others.
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