Canada Plastic Decking Market Size, Share, Growth, Trends, Report 2023-2032
The Canada plastic decking market size was estimated at around USD 0.18 billion in 2022 and it is projected to hit around USD 0.4 billion by 2032, growing at a CAGR of 8.42% from 2023 to 2032.
Key Pointers
Report Scope of the Canada Plastic Decking Market
| Report Coverage | Details |
| Market Size in 2022 | USD 0.18 billion |
| Revenue Forecast by 2032 | USD 0.4 billion |
| Growth rate from 2023 to 2032 | CAGR of 8.42% |
| Base Year | 2022 |
| Forecast Period | 2023 to 2032 |
| Market Analysis (Terms Used) | Value (US$ Million/Billion) or (Volume/Units) |
| Companies Covered | 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 |
The market is projected to expand at a CAGR of 8.4% from 2023 to 2030. Rising demand for aesthetic work and living spaces has propelled the demand for plastic decking across Canada and is anticipated to follow similar trends throughout the forecast period.
Plastic deck boards offer a wood-grain finish for enhanced slip-resistance and are splinter-free. They also offer safety benefits. These decks reduce the risk of collapse owing to their waterproof and weatherproof qualities. These decks eliminate organic ingredients including wood, which makes them waterproof and weatherproof. These decks are resistant to mildew, mold, or water damage and avoid insect infestation. In addition, they can withstand extreme weather conditions including snow, rain, blistering heat, and others. These factors are expected to propel the demand for plastics in the decking industry over the forecast period.
Plastic decking is more aesthetically appealing with different wood grain patterns and a variety of colors. In addition, high-density polyethylene can be reinforced with fiberglass to build heat-reflective decking. This kind of plastic deck stands apart and displays unparalleled strength and ease of maintenance.
The Canada plastic market is highly fragmented owing to the presence of major players such as Fiberon LLC; Advanced Environmental Recycling Technologies, Inc.; Azek Building Products, Inc., and Cardinal Building Projects, as well as a number of other small and medium-sized country players. Strategic initiatives carried out by these companies for market expansion are highly effective and are fueling the market growth in the country.
Resin Insights
The low-density polyethylene (LDPE) resin segment led the market and accounted for more than 54.95% 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.
PVC is 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 41.14% 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 plastics and 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 from plastic resins including 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.
Canada Plastic Decking Market Segmentations:
By Resin
By Application
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Canada Plastic Decking Market
5.1. COVID-19 Landscape: Canada Plastic Decking Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Canada Plastic Decking Market, By Resin
8.1. Canada Plastic Decking Market, by Resin, 2023-2032
8.1.1. High-density Polyethylene (HDPE)
8.1.1.1. Market Revenue and Forecast (2020-2032)
8.1.2. Low-density Polyethylene (LDPE)
8.1.2.1. Market Revenue and Forecast (2020-2032)
8.1.3. Polyvinyl Chloride (PVC)
8.1.3.1. Market Revenue and Forecast (2020-2032)
8.1.4. Polypropylene (PP)
8.1.4.1. Market Revenue and Forecast (2020-2032)
Chapter 9. Canada Plastic Decking Market, By Application
9.1. Canada Plastic Decking Market, by Application, 2023-2032
9.1.1. Residential
9.1.1.1. Market Revenue and Forecast (2020-2032)
9.1.2. Commercial
9.1.2.1. Market Revenue and Forecast (2020-2032)
9.1.3. Industrial
9.1.3.1. Market Revenue and Forecast (2020-2032)
Chapter 10. Canada Plastic Decking Market, Regional Estimates and Trend Forecast
10.1. Canada
10.1.1. Market Revenue and Forecast, by Resin (2020-2032)
10.1.2. Market Revenue and Forecast, by Application (2020-2032)
Chapter 11. Company Profiles
11.1. Green Bay Decking
11.1.1. Company Overview
11.1.2. Product Offerings
11.1.3. Financial Performance
11.1.4. Recent Initiatives
11.2. TAMKO Building Products LLC
11.2.1. Company Overview
11.2.2. Product Offerings
11.2.3. Financial Performance
11.2.4. Recent Initiatives
11.3. UPM (UPM ProFi)
11.3.1. Company Overview
11.3.2. Product Offerings
11.3.3. Financial Performance
11.3.4. Recent Initiatives
11.4. UFP Industries, Inc.
11.4.1. Company Overview
11.4.2. Product Offerings
11.4.3. Financial Performance
11.4.4. LTE Scientific
11.5. Advanced Environmental Recycling Technologies, Inc.
11.5.1. Company Overview
11.5.2. Product Offerings
11.5.3. Financial Performance
11.5.4. Recent Initiatives
11.6. Azek Building Products, Inc.
11.6.1. Company Overview
11.6.2. Product Offerings
11.6.3. Financial Performance
11.6.4. Recent Initiatives
11.7. Cardinal Building Products
11.7.1. Company Overview
11.7.2. Product Offerings
11.7.3. Financial Performance
11.7.4. Recent Initiatives
11.8. Certainteed Corporation
11.8.1. Company Overview
11.8.2. Product Offerings
11.8.3. Financial Performance
11.8.4. Recent Initiatives
11.9. Fiberon
11.9.1. Company Overview
11.9.2. Product Offerings
11.9.3. Financial Performance
11.9.4. Recent Initiatives
Chapter 12. Research Methodology
12.1. Primary Research
12.2. Secondary Research
12.3. Assumptions
Chapter 13. Appendix
13.1. About Us
13.2. Glossary of Terms
Cross-segment Market Size and Analysis for
Mentioned Segments
Additional Company Profiles (Upto 5 With No Cost)
Additional Countries (Apart From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market DynamicsRegion Level Market Share Import Export AnalysisProduction AnalysisOthers