Canada Plastic Decking Market Size, Share & Trends Analysis Report By Resin (High-density Polyethylene, Low-density Polyethylene, Polypropylene, Polyvinyl Chloride), By Application, And Segment Forecasts, 2023 - 2030

Report Overview

TheCanada plastic decking market sizewas valued atUSD 128.5 million in 2022and is expected to grow at a compound annual growth rate (CAGR) of 8.4% from 2023 to 2030. The rising demand for aesthetic work and living spaces has propelled the demand for plastic decking across Canada. It is anticipated to follow similar trends throughout the forecast period. Plastic has infiltrated the decking industry in the past few years. Consumers no longer settle for traditional counterparts such as timber and desire trouble-free decking. Consumers have switched to plastic decking from wood to avoid high maintenance costs. Plastic decking when compared to wood does not require sealing, painting, or sanding. Once a plastic deck board is installed owners only need to clean their deck with water and soap, which is not burdensome.

High heat or solar energy is powerful, which can cause the PVC decks to crack & separate and cause wood decks to turn grey. There have been complaints of the old PVC decks becoming brittle and unattractive due to high heat conditions, as vinyl is not immune to the combination of UV rays and heat.

Increasing demand for the beautification of buildings coupled with increasing demand for innovative and low-maintenance products is boosting the growth of the plastic decking market. Rapid urbanization is also expected to create lucrative opportunities in the industry. Furthermore, the plastic decking market is expected to be positively influenced by the opportunities from residential and non-residential sectors.

Resin Insights

The low-density polyethylene (LDPE) resin segment led the market and accounted for more than 54.9% of the revenue share in 2022. LDPE is a chemically inert and high-clarity polymer, which is widely used owing to its barrier properties, flexibility, stress crack resistance, and good impact strength. In addition, it is one of the economic polymers available across the globe. Composite decking is an amalgamation of reclaimed wood fibers and recycled plastic films. The plastic film that goes into composite decking is known as LDPE and combines with wood flour or wood fiber.

High-density polyethylene (HDPE) decking offers an alternative to common decking options such as wood composite lumber and wood. The cost of HDPE decking is slightly higher compared to traditional wood and low-end composite decking. However, it offers significant cost savings over time. The adoption of HDPE decking is growing due to its low-maintenance decking solution, which is attracting more and more consumers.

PVCis one of the majorly used plastics across building and construction applications such as window profiles, cables, pipes, flooring, and roofing. Furthermore, PVC resin is being widely utilized to manufacture decks as it provides high resistance to mold, moisture control, and resistivity toward decay and humidity compared to traditional materials such as wood and composites.

Application Insights

The residential application segment led the market and accounted for more than 41.1% of the revenue share in 2022. Owing to environmental concerns, manufacturers are engaged in developing wood alternatives. For instance, Miura Board is offering deck boards that blend 100%recycled plasticsand post-consumer carpet fibers into a durable, weatherproof composite. These boards are environmentally friendly, durable, versatile, and ideal for industrial applications.

Plastic decking is a durable solution for commercial businesses. Plastic decking offers various low-maintenance solutions and designs possibilities for businesses to expand their seating area. Plastic deck boards are made entirely fromplastic resinsincluding polypropylene, polyethylene, and polyvinyl chloride. Plastic decking has completely changed the landscape of commercial decking by offering durable, low-maintenance, long-lasting, and aesthetically appealing deck boards.

Key Players & Market Share Insights

The market is moving toward consolidation on account of the presence of a large number of global and regional players. Major players have strong distribution networks and product brands in the global market. The ongoing research & development activities in the market exhibit several growth and expansion opportunities, which in turn is projected to positively influence the overall growth.

为p制造商从事扩张活动lastic decking. For instance, in February 2022, Tiva Building Products announced its expansion into the U.S. with the purchase of a 50,000-square-foot production plant in South Carolina that covers approximately 36 acres of land. The facility is anticipated to offer services to the existing wholesale distributors of the company, including Weston Forest Products and Sherwood Lumber. Some prominent players in the Canada plastic decking market include:

• Green Bay Decking

• TAMKO Building Products LLC

• UPM (UPM ProFi)

• UFP Industries, Inc.

• Advanced Environmental Recycling Technologies, Inc.

• Azek Building Products, Inc.

• Cardinal Building Products

• Certainteed Corporation

• Fiberon

Canada Plastic Decking Market Report Scope

Report Attribute	Details
Market size value in 2023	USD 136.5 million
Revenue forecast in 2030	USD 239.8 million
Growth rate	CAGR of 8.4% from 2023 to 2030
Base year for estimation	2022
Historical data	2018 - 2021
Forecast period	2023 - 2030
Quantitative units	Volume in million sq. ft., revenue in USD million, and CAGR from 2023 to 2030
Report coverage	Volume forecast, revenue forecast, company ranking, competitive landscape, growth factors, and trends
Segments covered	Resin, application
Country scope	Canada
Key companies profiled	Green Bay Decking; TAMKO Building Products LLC; UPM (UPM ProFi); UFP Industries, Inc.; Advanced Environmental Recycling Technologies, Inc.; Azek Building Products, Inc.; Cardinal Building Products; Certainteed Corporation; Fiberon
Customization scope	Free report customization (equivalent up to 8 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope.
Pricing and purchase options	Avail customized purchase options to meet your exact research needs.Explore purchase options

Canada Plastic Decking Market Report Segmentation

This report forecasts revenue and volume growth at the country level and provides an analysis of the latest industry trends in each of the sub-segments from 2023 to 2030. For this study, Grand View Research has segmented the Canada plastic decking market report based on resin, and application:

• Resin Outlook (Volume, Million Sq. Ft.; Revenue, USD Million, 2018 - 2030)

  • High-density Polyethylene (HDPE)

  • Low-density Polyethylene (LDPE)

  • Polyvinyl Chloride (PVC)

  • Polypropylene (PP)

• Application Outlook (Volume, Million Sq. Ft.; Revenue, USD Million, 2018 - 2030)

  • Residential

  • Commercial

  • Industrial

• Country Outlook (Volume, Million Sq. Ft.; Revenue, USD Million, 2018 - 2030)

  • Canada