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2021
North America Rolled Vinyl Decking Market

North America Rolled Vinyl Decking Market

by Application (Sun Decks, Porches & Patios, Roof Deck, Floating Deck Systems, and Others) and End Use (Residential, Commercial, And Industrial): Global Opportunity Analysis and Industry Forecast, 2021-2030
Update Available On-Demand

Report Code: A14223
Pages: 133
Oct 2021 | 1675 Views
Author(s) : Prakhar J , Eswara P
Tables: 62
Charts: 29
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COVID-19

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North America Rolled Vinyl Decking Market Outlook - 2030

The North America rolled vinyl decking market size was valued at $0.8 billion in 2020, and North America rolled vinyl decking market forecast projected to reach $2.1 billion by 2030, with North America rolled vinyl decking market forecast expected at a CAGR of 9.2% from 2021 to 2030.

COVID-19 pandemic has impacted the North America rolled vinyl decking market drastically. The pandemic has affected various industries and caused global economic slowdown. Lockdowns imposed by several governments in the current crisis have suspended construction activities temporarily, delaying new construction projects and renovation of houses, which hampers demand for rolled vinyl decking during the pandemic period.

Rolled vinyl decking is a vinyl-based material product, which is used to beautify and protect decks of residential, construction, and industrial buildings from various weather conditions. Water resistant and thermal resistant properties of this material propels its demand from end users. Residential buildings have sun decks, which have great applications in cold regions. These buildings also have porches, patios, roof decks, and sunrooms for individual dwelling places. In order to enjoy the life with personal privacy and to make the dwelling place more beautiful with cost efficient materials is increasing the demand for rolled vinyl materials. Moreover, personal privacy and to make dwelling places more beautiful with cost efficient materials is increasing demand for rolled vinyl materials. In addition, to increase value of dwelling places, clients are investing in renovations. Moreover, need for stable and long-lasting waterproof materials in residential buildings also increases demand for vinyl-based materials. Increase in real estate investments and renovation projects in this region also contributes toward growth of the rolled vinyl decking market in North America.

North-America-Rolled-Vinyl-Decking-Market-2021-2030

Most raw materials used for manufacturing of vinyl-based compounds are fossil fuels and chemicals, but they typically endure for decades without degradation in environment. Production of vinyl leads to release of toxic volatile chemicals that can cause cancer, birth defects, respiratory problems, and other serious chronic diseases. Hence, bans and regulations are imposed on use of wide range of vinyl-based products that contain high toxic solvents and VOCs. Major institutes, agencies, and departments in the U.S, such as California Environmental Protection Agency, have developed specific regulations for VOC content. In addition, the National Sanitation Foundation have enforced strict regulations in the application of vinyl products, especially in foods & beverages and healthcare related industries to meet the standards set by government authorities. Presence of such stringent regulations are expected to be more severe in coming years, which, in turn is expected to hamper growth of the North America rolled vinyl decking market.

The North America rolled vinyl decking market is segmented on the basis of application, end use, and country. 

On the basis of type of application, the North America rolled vinyl decking market is segmented into sun decks, porches & patios, roof decks, floating deck systems, and others. By end use, it is divided into residential, commercial, and industrial. 

Country wise, it is studied across the U.S., Canada, and Mexico. Presently, the U.S. accounts for the largest share of the market, followed by Canada and Mexico. 

Major companies profiled in this report include Armor decking, Bradbury Co., Inc, Duradek, Global Decking Systems, Dec-Tec, DekSmart, Tufdek, Weatherdek, and Intellideck. Rapid development in industrialization and modernization led to infrastructure development in this region. Additional growth strategies such as expansion of production capacities and research & innovations are also adopted to attain key developments in the North America rolled vinyl decking market. 

North America Rolled Vinyl Decking Market, By Country

The U.S dominates the North America rolled vinyl decking market. Rapid modernization and innovation in the construction industry to meet the ever-changing aesthetics of customers is a major driving factor for growth of the market. Well-planned infrastructural facilities and need for renovation of old government facilities has positive impact on demand for rolled vinyl decking. One million new houses are built every year and 40% houses in America are more than 50 years old. This led to increase in spending of customers in 2020 on renovations. 

North America Rolled Vinyl Decking Market
By Country

2030
U.s. 
Canada
Mexico

U.S. holds a dominant position in 2020

North America Rolled Vinyl Decking Market, By Application

The roof deck dominates the North America rolled vinyl decking market as it provides outstanding views and creates a slope for drainage; in addition to this it also adds additional living space. It is an ideal place for entertainment and provides a great space for growing vegetables and gardening. Having a rooftop deck is a wonderful addition to any building and a worthwhile investment. Rapid modernization led to development of various industries where company buildings have roof top decks for parties and entertainment purposes. Presence of roof top deck increase value of the buildings; new add-on construction of rooftop decks has been accelerating since 2014. Advantages of presence of roof decks in home dwelling places provide lucrative opportunities for growth of the rolled vinyl deck market in North America.

North America Rolled Vinyl Decking Market
By Application

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Roof Decks is projected to create abundant $ opportunity till 2030

North America Rolled Vinyl Decking Market, By End Use

The residential segment dominates the North America rolled vinyl decking market, owing rapid modernization and breakthrough in designing materials in the construction sector. Factors such as increase in value of dwelling places with major renovations to old houses in the market is also a major factor that drives growth of the market. Need for privacy and comfort in residential buildings have a positive impact on development of the market. Presence of applications and need for protection from bad weather conditions in this region provide ample opportunities for growth of the North America rolled vinyl decking market.  

North America Rolled Vinyl Decking Market
By End Use

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Residential segment is projected as the most lucrative segment.

COVID-19 analysis:

COVID-19 pandemic has impacted the North America rolled vinyl decking market drastically. The pandemic has affected various industries and caused global economic slowdown. However, owing to the global economic crisis caused by the pandemic, consumers are only willing to invest in essential goods and services. The COVID-19 pandemic has changed consumer preference and buying behavior significantly. Lockdowns imposed by several governments in the current crisis have suspended construction activities temporarily, delaying new construction projects and renovation of houses, which hampers demand for rolled vinyl decking during the pandemic period. The pandemic has also affected supply chains and disrupted manufacturing operations. Increase in fluctuation of the market price of petroleum feedstock and decline in demand for the rolled vinyl decking in the construction industry hamper the market growth. 

Key benefits for stakeholders

  • This report provides a detailed quantitative analysis of the current North America rolled vinyl decking market trends and estimations from 2020 to 2030, which assists to identify the prevailing opportunities. 
  • An in-depth North America rolled vinyl decking market analysis of North America region is anticipated to provide a detailed understanding of the current trends to enable stakeholders formulate region-specific plans.
  • A comprehensive analysis of the factors that drive and restrain the growth of the North America rolled vinyl decking market is provided.
  • North America country-wise market conditions are comprehensively analyzed in this report.
  • The projections in this report are made by analyzing the current trends and future market potential from 2020 to 2030 in terms of value.
  • An extensive analysis of various regions provides insights that are expected to allow companies to strategically plan their business moves.
  • Key market players within the market are profiled in this report and their strategies are analyzed thoroughly, which help to understand the competitive outlook of the North America rolled vinyl decking market.

North America Rolled Vinyl Decking Market Report Highlights

Aspects Details
By Application
  • Sun decks
  • Porches & Patios
  • Roof decks
  • Floating deck systems
  • Others
By End use
  • Residential
  • Commercial
  • Industrial
BY COUNTRY
  • U.S
  • Canada
  • Mexico
Key Market Players ARMOR DECK, BRADBURY CO., INC, DURADEK, GLOBAL DECKING SYSTEMS, DEC-TEC, DEKSMART, TUFF INDUSTRIES INC., WEATHERDEK, INTELLIDECK
 

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The North America rolled vinyl decking market is expected to witness increased demand during the forecast period, owing to rapidly growing industries and commercial facilities across the globe to meet rising demands from customers.

Rolled vinyl decking market received a tremendous increase, owing to rise in industrialization and modernization and increase in need for renovation of more than 40% residential buildings. Increase in investments from private industries for development of industrial facilities to improve productivity and to fulfill demands of customers drives growth of the North America rolled vinyl decking market.

Majority of Americans lived in single-family houses as of in 2019; 68% of the 124 million U.S. households were single family. Housing unit occupied by single person in 2020 increased by 28%. There has been 40% increase in average area of U.S houses, 15% decrease in average number of occupants in U.S. households, and 64% increase in average area per person compared to 1970s.

Development in communication and transportation services among countries has led to increase in tourism thereby increasing demand for number of hotels and resorts. Increase in demand for niche and attractive rooms by tourists is expected to drive growth of the rolled vinyl decking market.

Bans and regulations are introduced on the use of wide range of vinyl-based products that contain high toxic solvents and VOCs, which restrains the market growth.

Moreover, companies are expanding their production capacities and researches on development of variety of deck covering materials, which is expected to boost growth of the North America rolled vinyl decking market throughout the forecast period.

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FREQUENTLY ASKED QUESTIONS?

A. North America rolled vinyl decking market will expand at a CAGR of 9.2% from 2021 - 2030

A. Market value of North America rolled vinyl decking market by the end of 2030 is projected to reach $2.1 billion

A. Emergence of COVID-19 had a negative impact on the growth of the North America rolled vinyl decking market during the pandemic period.

A. Rapid growth in commercial real estate and increase in renovation projects and demand for superior properties of vinyl-based products are the factors that drives North America rolled vinyl decking growth

A. Armor decking, Bradbury Co., Inc, Duradek, Global Decking Systems, Dec-Tec, DekSmart, Tufdek, Weatherdek, and Intellideck

A. Sun decks, porches & patios, roof decks, floating deck systems are the key applications expected to drive the adoption of North America Rolled Vinyl Decking market.

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