Decking
-
Forecast: Global timber decking market expected to grow steady by 2020
The global market for timber decking is expected to grow at a CAGR of almost 5% between 2016 and 2020. The growth of this market can be accredited to the increased availability of chemically and thermally treated softwood. There has been an increase in the demand for tropical timber for applications like decking, furniture, and joinery owing to the ready availability of chemically and thermally treated softwood and temperature hardwood. Treated wood is also used in almost 90% of decks because of their low cost and additional benefits such as durability and longer life span. Currently, North America dominates the global timber decking market by accounting for almost 39% of the overall market share. The increased demand for new housing projects coupled with growth opportunities in emerging markets such as Mexico will contribute to the growth of the timber decking market in North... Continue reading
-
US demand for decking expected to climb in the upcoming years
US demand for decking is forecast to increase 1.8 percent per year through 2020 to 3.6 billion lineal feet, valued at $7.1 billion. Rising consumer confidence will promote gains in the large residential improvement and repair market, as homeowners who postponed decking projects in the aftermath of the 2007-2009 recession undertake them going forward. Increasing market share for wood-plastic composite and plastic decking materials will boost value gains, as these products are sold at a higher price point than wood decking. The residential market accounted for the largest share of decking demand in 2015, with nearly three-fifths of the total.... Continue reading
-
September 8, 2016
Forecast: Global timber decking market expected to grow steady by 2020
The global market for timber decking is expected to grow at a CAGR of almost 5% between 2016 and 2020. The growth of this market can be accredited to the increased availability of chemically and thermally treated softwood. There has been an increase in the demand for tropical timber for applications like decking, furniture, and joinery owing to the ready availability of chemically and thermally treated softwood and temperature hardwood. Treated wood is also used in almost 90% of decks because of their low cost and additional benefits such as durability and longer life span. Currently, North America dominates the global timber decking market by accounting for almost 39% of the overall market share. The increased demand for new housing projects coupled with growth opportunities in emerging markets such as Mexico will contribute to the growth of the timber decking market in North... Continue reading