Wooden Decking Market Growth Led by Pressure-Treated Wood to 2021
PUNE, India, August 10, 2016 /PRNewswire/ --
Global wooden decking market is dominated by pressure-treated wood as it can withstand moist and icy weather conditions, is durable, and long lasting while regionally, Asia-Pacific region is expected to witness a steady growth during the forecast period of 2016 - 2021 driven by rising construction activities in emerging economies and large-scale investments.
Complete report on global wooden decking market spread across 213 pages, profiling 12 companies and supported with 189 tables and 52 figures is now available http://www.reportsnreports.com/reports/648468-wooden-decking-market-by-type-pressure-treated-wood-cedar-wood-redwood-application-building-material-rails-infrastructure-type-of-construction-repairs-remodeling-new-decks-on-new-constructions-end-use-and-region-global-forecast-to-2021.html .
The wooden decking market size is projected to grow at a CAGR of 1.43% during the forecast period of 2016 - 2021 and reach USD 7.81 billion by 2021. This market is driven by factors such as rapid urbanization, rising construction activities in emerging economies, and large-scale investments in the industrial and infrastructure sectors.
Pressure-treated wood is projected to grow at the highest rate, as it can withstand moist and icy weather conditions, is durable, and long lasting. Also, by being treated with waterborne preservatives, pressure-treated wood products are resistant from rots, insects, and internal decaying. Thus, it is widely used in residential, industrial, and commercial structures making this segment grow at the highest CAGR.
The Asia-Pacific market is projected to be the fastest-growing market during the forecast period. The increasing population and rising income are accelerating the per capita spending on construction. The markets of China and India are projected to be lucrative due to their rising middle-class population and rising consumer spending on construction sectors.
The various key players profiled in this report such as UPM-Kymmene Corporation (Finland), Weyerhae user Company (U.S.), West Fraser Timber Co. Ltd. (Canada), Universal Forest Products, Inc. (U.S.), Metsä Group (Finland), Setra Group (Sweden), James Latham plc (U.K.), Cox Industries Inc. (U.S.), Humboldt Redwood Company and Mendocino Redwood Company (U.S.) and Vetedy Group (U.S.). Order a copy Wooden Decking Market by Type (Pressure-Treated Wood, Cedar Wood, Redwood), Application (Building Material, Rails & Infrastructure), Type of Construction (Repairs & Remodeling, New Decks on New Constructions), End-Use, and Region - Global Forecast to 2021 research report at http://www.reportsnreports.com/purchase.aspx?name=648468 .
In the process of determining and verifying, the wooden decking market for several segments and sub segments gathered through secondary research, extensive primary interviews were conducted with key people. In Tier 1 (35%), Tier 2 (30%) and Tier 3 (35%) companies were contacted for primary interviews. The interviews were conducted with various key people such as C Level (65%) and Manager Level (35%) from various key organizations operating in the global wooden decking market. The primary interviews were conducted worldwide covering regions such as North America (30%), Europe (30%), Asia-Pacific (20%) and Rest of World (20%).
On a related note, another research on Plastic Decking Market Global Forecast to 2021 says, the market size is projected to grow at a CAGR of 10.82% during the forecast period of 2016 - 2021 and reach USD 4.69 billion by 2021. Polyethylene (PE) resin type in plastic decking held the largest market share. Asia-Pacific region is expected to witness a steady growth during the forecast period. The report helps stakeholders to understand the market and provides them information on key market drivers, restraints, challenges, and opportunities. Companies like UPM Kymmene Corporation, Universal Forest Products, Inc., Advanced Environmental Recycling Technologies, Inc., Azek Building Products, Inc., Fiberon LLC, Cardinal Building Products, TAMKO Building Products, Inc., CertainTeed Corporation, Green Bay Decking, LLC and Dura Life Decking & Railing Systems have been profiled in this 204 pages research report available at http://www.reportsnreports.com/reports/638061-plastic-decking-market-by-resin-type-hdpe-ldpe-pvc-pp-composite-type-capped-uncapped-type-of-construction-repairs-remodeling-new-decks-existing-constructions-new-constructions-end-use-residential-non-residential-global-forecast-to-2021.html .
Explore more reports on the manufacturing & construction market at http://www.reportsnreports.com/market-research/manufacturing/ .
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