PUNE, India, January 18, 2016 /PRNewswire/ --
The composite decking market & railing market is estimated to grow from USD 1.70 Billion in 2015 to USD 3.09 Billion by 2020, at a compound annual growth rate (CAGR) of 12.60% from 2015 to 2020. Polyethylene (PE) composite decking & railing hold the largest market share. Polypropylene (PP) composite decking & railing is to have maximum growth during the forecast period.
Complete report on composite decking market & railing market spread across 140 pages, profiling 10 companies and supported with 76 tables and 46 figures is now available at http://www.reportsnreports.com/reports/456955-composite-decking-railing-market-by-type-capped-and-uncapped-by-resin-type-polyethylene-polypropylene-polyvinylchloride-and-others-by-application-residential-and-non-residential-by-region-global-trends-and-forecasts-to-2020.html .
Polyethylene (PE) holds the majority share in the overall composite decking & railing market. North America is the major market for PE based composite decking & railing. PE composite decking & railing is more economical in comparison to PP composite decking & railing. Polyethylene resin is classified into high density polyethylene (HDPE) and low density polyethylene (LDPE).
Composite decking & railing products manufactured with HDPE has high strength and stiffness. LDPE composite decking & railing products contain additives which aid to increase its strength. HDPE resin used in decking & railing has high strength and stiffness, which is ideal for residential end use where joist 16 inch on center composite decking is used the most. These are some of the factors driving the global polyethylene composite decking & railing market.
PP resin is the second-most commonly used resin for the production of composite decking & railing. RoW is projected to be the fastest growing PP composite decking & railing market, followed by Asia-Pacific. There are certain properties of PP which makes it superior in comparison to PE. PP resin is resistant to thermal expansion and contraction, is able to maintain the structural integrity as well as long durability of decking & railing. PP has better creep resistance and is less slippery. Moreover, as polypropylene resin is stiffer compared to other resins, longer decking boards can be manufactured using PP resin. Due to these properties polypropylene composite decking & railing is expected to grow at the highest CAGR in the next five years.
The various key players profiled in the report such as Trex Company, Inc. (U.S), UPM Biocomposites (Finland), Advanced Environmental Recycling Technologies, Inc. (U.S.), TAMKO Building Products, Inc. (U.S), Timber Tech(U.S), Fiberon LLC (U.S), Universal Forest Products, Inc. (U.S), Green Bay Decking (U.S), Axion International, Inc.(U.S), Integrity Composites (U.S). Order a copy of Composite Decking & Railing Market by Type (Capped and Uncapped), by Resin Type (Polyethylene, Polypropylene, Polyvinylchloride, and Others), by Application (Residential and Non-Residential) & by Region Global Trends and Forecasts to 2020 research report at http://www.reportsnreports.com/purchase.aspx?name=456955 .
This report segments the composite decking & railing market comprehensively and provides the closest approximations of the revenue numbers for the overall market and the sub-segments across the different verticals and regions. The report helps stakeholders to understand the pulse of the market and provides them information on key market drivers, restraints, challenges, and opportunities.
Another research on Composite Materials Market Global Forecast to 2020 says, the automotive composite materials market is projected to be largest in Asia-Oceania from 2015 to 2020. Economic development, large population in the region, improving emission regulations, rising awareness about eco-friendly systems, and benefits of better fuel efficiency are key factors driving growth of the automotive composite materials market in the Asia-Oceania region. This report classifies and defines the composite materials market size, in terms of volume and value. Companies like Toray Industries, Cytec Industries, SGL Carbon, Teijin Limited and TenCate NV have been profiled in this 93 pages research available at http://www.reportsnreports.com/reports/431023-composite-materials-market-by-material-type-pmc-mmc-cmc-application-their-sub-components-structural-powertrain-interior-exterior-other-applications-vehicle-type-pc-lcv-hcv-rolling-stock-by-region-global-forecast-to-2020.html .
Explore more reports on advanced materials market at http://www.reportsnreports.com/market-research/advanced-material/ .
ReportsnReports.com is an online market research reports library of 500,000+ in-depth studies of over 5000 micro markets. Not limited to any one industry, ReportsnReports.com offers research studies on agriculture, energy and power, chemicals, environment, medical devices, healthcare, food and beverages, water, advanced materials and much more.
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune - 411013
+ 1 888 391 5441
Connect With Us on:
Twitter: https: //twitter.com/marketsreports
G+ / Google Plus: https://plus.google.com/111656568937629536321/posts