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2021
Rolled Vinyl Decking Market

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

Report Code: A14969
Pages: 212
Dec 2021 | 1185 Views
Author(s) : Prakhar J , Eswara P
Tables: 146
Charts: 44
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COVID-19

Pandemic disrupted the entire world and affected many industries.

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Rolled Vinyl Decking Market Outlook, 2030

The global rolled vinyl decking market was valued at $4.3 billion in 2020, and projected to reach $11.0 billion by 2030, with a CAGR of 9.9% from 2021 to 2030.

COVID-19 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 the decks of the residential, construction, and industrial buildings from various weather conditions. Water-resistant and thermal resistant properties of this material are major factors fueling the growth of the market. In residential buildings, rolled vinyl decking have immense applications as sun decks in the cold region. These building have porches, patios, roof decks, and sunrooms for individual dwelling places. 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. To increase the value of dwelling places, clients are investing in renovations, and the need for stable and long-lasting waterproof materials in residential building is increasing the demand for vinyl-based materials. Rise in real estate investment and renovation projects across the globe is contributing to the growth of the rolled vinyl decking market.

Global-Rolled-Vinyl-Decking-Market

Rapid modernization and breakthroughs in designing materials in the construction sector are the major factors fueling the development of residential buildings. The need for privacy and comfort in the residential building has a positive impact on the development of the market. The renovation waver strategy of Europe, China State council investment toward the renovation of old urban households and government facilities and the rapid development and investment of Indian government in development of infrastructure will provide ample opportunities for the growth of global rolled vinyl decking market.

The rolled vinyl decking market is segmented on the basis of by application, end use, and region. 

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

Region wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA. Presently, Asia-Pacific accounts for the largest share of the market, followed by Europe and Asia-Pacific. 

Rolled Vinyl Decking Market, By Region

Asia-Pacific dominates the global rolled vinyl decking market. India and China are major players in this region majorly due to huge population and rapid development in the construction sector. In China State Council started to renovate more than 39,000 old urban residential areas, benefiting seven million households and implemented various institutional framework and policies to finish renovation of all institutional buildings by the end of 2025. Increase in income among the people in developing countries and the support policies for home loans from the banks and ease of capital investment from banks in the development of real estate sector contribute toward the market growth. In addition to this, the presence of huge business opportunities for the development of top multinational companies due to low labor costs and huge tax rebates from the government will provide ample opportunities for the growth of the rolled vinyl deking market. 

Rolled Vinyl Decking Market
By Region

2030
Asia-pacific 
North America
Europe
LAMEA

Asia-Pacific holds a dominant position in 2020

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Rolled Vinyl Decking Market, By Application

The roof deck dominates the global rolled vinyl decking market as it provides outstanding views and creates a slope for drainage. A roof deck is a rooftop patio or garden area, which is an ideal place for entertaining 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 the company building has roof top deck to provide parties and entertainment purposes. The presence of roof top deck will increase the value of the building; new add-on construction of rooftop decks has been accelerating since 2014.

Rolled Vinyl Decking Market
By Application

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Roof Decks is projected to create abundant $ opportunity till 2030

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Rolled Vinyl Decking Market, By End User

The residential segment dominates the global rolled vinyl decking market due to the rapid modernization and breakthrough in the designing materials in the construction sector is a major factor fueling the development of residential buildings. The factor of increasing the value of the dwelling place with major renovations to the old houses in the market is also a factor driving the growth of the market. The need for privacy and comfort in the residential building has a positive impact on the development of the market. The presence of applications and need for protection from bad weather conditions in this region will provide ample opportunities for the growth of the rolled vinyl decking market.  

Rolled Vinyl Decking Market
By End Use

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Residential segment is projected as the most lucrative segment.

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COVID-19 analysis

The COVID-19 pandemic has negative impact on the rolled vinyl decking market. The pandemic has affected various industries and has caused global economic slowdown. Before the outbreak of COVID-19, increase in purchasing power of consumers for renovations was driving the demand for rolled vinyl decking. However, due to the global economic crisis caused by the pandemic, consumers are only willing to invest in essential goods and services. 

The outbreak of COVID-19 has caused disruption in the construction sector, which has indirectly affected the rolled vinyl decking. The major disruption is in the supply chain and transformation of COVID-19 from a China-centric challenge to a global pandemic has resulted in shifting the impact to the global construction related supply chains and markets.

The pandemic has created a number of challenges not only in this market but also disrupted the global economy. In addition to this, increase in fluctuation of the market price of petroleum feedstock and decline in demand for the vinyl decking in the construction industry during this period led to the closed down of major manufacturer and declared bankruptcy. The global crisis, duration of the recession, and path of recovery will largely determine the nature and severity of these challenges. Owing to rising number of cases across the globe, many ongoing projects that were considered essential by the government authorities were not stopped, but other residential and commercial construction activities are suspended.

Key benefits for stakeholders

  • This report provides a detailed quantitative analysis of the current rolled vinyl decking market trends and estimations from 2020 to 2030, which assists to identify the prevailing opportunities. 
  • An in-depth analysis of rolled vinyl decking market across the globe is anticipated to provide a detailed understanding of the current trends to enable stakeholders formulate specific plans.
  • A comprehensive analysis of the factors that drive and restrain the growth of the rolled vinyl decking market is provided.
  • Region-wise and 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 rolled vinyl decking market.

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 REGION
  • North America  (U.S., Canada, Mexico)
  • Europe  (UK, Germany, France, Italy, Spain, Rest of Europe)
  • Asia-Pacific  (China, India, Japan, South Korea, Rest of Asia-Pacific)
  • LAMEA  (Brazil, Saudi Arabia, South Africa, Rest of LAMEA)
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 global rolled vinyl decking market is expected to witness increased demand during the forecast period, due to rapidly growing industries and commercial facilities across the globe to meet the ever-increasing demands from customers throughout the forecast period.

Vinyl is a decking material that is made of high-density plastic. This material never splinters and is relatively low maintenance cost compared to composite decking. Vinyl is used in decking material mostly due to their water-resistant properties and low thermal conductivity. In addition to this, it is better protected against color fading than composite decking.

This market received a tremendous boost on account of increasing industrialization and modernization in Asia-Pacific and the need for renovation of more than 40% residential building in developed countries have a positive impact on the development of the market. Increase in population and presence of excess capital in hands of consumer led to investment in residential building and commercial buildings. Rapid industrialization and expansion of towns and cities due to urban migration from rural places have increased the demand for dwelling places such as apartments. Government policies and bank loans on personal house policy have fueled the people desire to have their own dwelling. Increase in transportation facilities in between the countries led to the development of tourism industry, thus increasing the demand for commercial building that are used to entertain the tourist. Moreover, companies are expanding their production capacities and research over the development of variety of deck covering materials will boost the growth of the rolled vinyl decking market throughout the forecast period. The future demand for materials in renovation and their advantages to overcome various weather problems will provide ample opportunities for the development of rolled vinyl decking market.

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FREQUENTLY ASKED QUESTIONS?

A. Global rolled vinyl decking market will expand at a CAGR of 9.9% from 2021 - 2030

A. Market value of global rolled vinyl decking market by the end of 2030 is projected to reach $11.0 billion

A. Emergence of COVID-19 had a negative impact on the growth of the Global 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 global 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 Global rolled vinyl decking market.

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