Composite Decking Market Size, Share, Growth Analysis, By Material Type(Wood-Plastic Composite (WPC), Capped Composite, and Uncapped Composite), By Product(Solid Composite Decking, Hollow Composite Decking, and Capped Vs Uncapped.), By End-Use(Residential and Commercial), By Region - Industry Forecast 2024-2031

Global Composite Decking Market size was valued at USD 3.31 billion in 2022 and is poised to grow from USD 3.84 billion in 2023 to USD 12.69 billion by 2031, growing at a CAGR of 16.1% during the forecast period (2024-2031).

The global composite decking market refers to the market for composite decking materials, which are manufactured from a combination of wood fibers or wood flour and plastic. These materials offer several advantages over traditional wood decking, including enhanced durability, resistance to rot, decay, and insect damage, low maintenance requirements, and a longer lifespan.

Increasing urbanization is one of the main driving factors in the plastic flooring industry. As more people move into cities and urban areas, the demand for outdoor living spaces and recreational areas has increased. Composite decking is a popular choice for these spaces because it offers a low-maintenance, durable, and attractive alternative to traditional wood decking. Composite decking is also highly resistant to moisture, mold, and mildew, making it ideal for use in areas with high humidity or near water, such as around swimming pools or bodies of water. Additionally, plastic decking is often made from recycled materials, making it an environmentally friendly option for consumers who are concerned about sustainability. This trend is not just limited to developed countries but is also seen in developing countries where urbanization rates are increasing rapidly. Therefore, such factors related to Plastic Decking have enhanced the Composite decking market CAGR across the globe in recent years