Global Wooden Decking Market to Grow at 4.82% CAGR by 2028

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Global Wooden Decking Market to Grow at 4.82
CAGR by 2028 Triton Market Research presents the
Global Wooden Decking Market report sectioned by
Product Type Wood-Plastic Composites (WPC),
Cedar, Tropical Hardwood, Redwood,
Pressure-treated Wood, Other Product Types,
Application Railing, Wall, Floor, Other
Applications, End-user Residential,
Non-residential, and Regional Outlook Europe,
North America, Middle East and Africa,
Asia-Pacific, Latin America. The report further
discusses the Market Summary, Industry Outlook,
Impact of COVID-19, Key Insights, Porters Five
Forces Analysis, Market Attractiveness Index,
Vendor Scorecard, Value Chain Analysis, Key
Market Strategies, Drivers, Challenges,
Opportunities, Competitive Landscape, Research
Methodology Scope, Global Market Size,
Forecasts Analysis (2022-2028). Triton Market
Researchs report highlights that the global
wooden decking market is anticipated to witness
growth at a CAGR of 4.82 during the forecast
period 2022-2028.
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st-free-sample Wood decking is a multifaceted
procedure involving the application of a layer of
quality materials to the exteriors of a building
or structure in order to provide protection and
thermal insulation from harsh climatic
conditions. Wooden decking is widely used in the
residential sector for new structure
construction, maintenance, and renovation
purposes, such as paths, swimming pool decks,
flooring, cladding and siding, and so on. With
the rising living standards, people all over the
world are preferring hardwood or timber decking,
which can be used in numerous ways as part of
garden landscaping to increase a houses living
area as well as an alternative to stone-based
features like patios. Thus, the
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intensification of renovation activities is
anticipated to supplement the growth of the
wooden decking market in the forecast
period. However, the growing usage of alternative
wood decking materials can negatively impact the
development of the global market. This is due to
the high cost of acquiring and maintaining wooden
decks compared to alternative composite decking
materials, such as metal decking, PVC, and
polystyrene plastics. Globally, the Asia-Pacific
is expected to become the fastest-growing region
in the wooden decking market. The regions robust
growth can be attributed to the increase in IT
towers, logistics centers, multifunctional
towers, and universities. Furthermore, rising
family income levels and an increasing number of
people moving from rural to urban areas are
increasing the demand for residential housing in
the region. Also, the number of affordable
housing projects in the region is growing as
several governments offer tax breaks to encourage
investment in the region. These factors are
likely to help the wooden decking market
grow. Leading companies in the wooden decking
market include Trex Company Inc, Fiberon,
Humboldt Sawmill Company LLC, Setra Group AB,
Thermory AS, UFP Industries Inc, Metsä Group,
DuraLife Decking Railing Systems, Inovar Floor,
Weyerhaeuser Company, Deck Solutions LLC, UPM-
Kymmene Oyj, Azek Company Inc, West Fraser Timber
Co Ltd, Kebony, Mendocino Forest Products Company
LLC, Vetedy Group, NeoTimber, and Tecnodeck
(Mittera Group). The wooden decking market is
fragmented owing to the considerable presence of
domestic and international players, particularly
in North America and Europe. However, decking
activities employ various types of wood types,
including redwood, cedar, and tropical wood.
These items are not widely available globally on
a commercial scale, which limits the growth of
new entrants. Thus, it can be said that the
threat of new entrants is low. Contact Us
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