Report ID: UCMIG15P2012
Report ID:
UCMIG15P2012 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
The Nonwoven Decking Market is poised for substantial growth from 2023 to 2032, driven by the global demand for inventive construction materials that offer low maintenance solutions. Nonwoven decking, or composite decking, represents an elevated flat surface construction using recycled plastic components, responding to the heightened priority placed on sustainable building practices. As the construction industry seeks alternatives to traditional wood decking, nonwoven decking emerges as a prominent solution due to its eco-friendly nature and the mitigation of deforestation concerns. The market's expansion is fueled by the material's durability, longevity, and resistance to rot and pests, aligning with the requirements for durable and environmentally conscious building projects. With the ongoing emphasis on sustainable construction and the shift towards innovative, long-lasting materials, the Nonwoven Decking Market is positioned to experience remarkable growth during the forecast period, serving as a compelling choice for both construction professionals and environmentally conscious consumers worldwide.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Forest Products by segment aggregation, the contribution of the Forest Products in Diversified Materials and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Report ID: UCMIG15P2012