Canada Polyvinyl Chloride (PVC) Decking Market (By Application: Residential, Commercial, Industrial) - Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook and Forecast 2023-2032

The Canada Polyvinyl Chloride (PVC) decking market size was estimated at around USD 36.14 million in 2022 and it is projected to hit around USD 85.71 million by 2032, growing at a CAGR of 9.02% from 2023 to 2032.

Report Scope of the Canada Polyvinyl Chloride (PVC) Decking Market

Rapid urbanization and industrialization along with the growth of infrastructure and the presence of several manufacturing industries boosted by investments from governments for industrial sector are projected to positively impact the PVC decking market over the forecast period.

Polyvinyl Chloride (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.

Rising urbanization has been a significant driver of the PVC decking market in the country. PVC decking is a popular choice for residential and commercial spaces as it is low-maintenance and durable. Due to the reduced level of maintenance required, PVC is frequently promoted as being more affordable over time than alternatives such as all-wood or composite decking. These factors are likely to boost the demand for PVC in the construction industry.

Furthermore, increasing construction activities in Canada are expected to boost the demand for decks across commercial spaces including restaurants, resorts, beach shacks, and others. Consumers are increasingly spending on home decor & furnishings such as rugs, carpets, and other floor coverings that improve the aesthetic appeal of their living spaces. In their interior design initiatives, both residential and commercial building owners place a strong emphasis on renovation and remodeling. This, in turn, is expected to generate the demand for PVC in construction applications, especially in decking, over the forecast period.

Application Insights

The residential application segment led the market and accounted for more than 41.01% share of the revenue in 2022. The residential construction industry is mainly driven by the rise in single-family housing units. According to Statistics Canada, over 83,480 units were completed in 2022 in line with the population growth in major cities. In addition, the ongoing transition to a sustainable energy system, especially in North America, is further fueling the demand for residential green buildings, driving the adoption of PVC decking in construction applications.

The rising construction spending and the growing inclination of consumers toward exterior materials is expected to propel the market demand for PVC decking in commercial building. The development of the construction industry and shift in consumer perception of outdoor decks made of PVC is further creating a surge in demand for polyvinyl chloride decking in the country. Moreover, continuous development in key growth areas such as interiors and exterior aesthetics is expected to boost the market over the forecast period.

In addition, the growing thermal power market and factories are expected to boost the production of decks. This, in turn, is expected to lead to increased demand and consumption of polyvinyl chloride for the industrial sectors in the form of decking.

Canada Polyvinyl Chloride (PVC) Decking Market Segmentations:

By Application

• Residential
• Commercial
• Industrial