Wood & Competitive Decking

US industry forecasts for 2013 & 2018

Publication Date	April 2009
Publisher	Freedonia Group
Product Type	Report
Pages	326
ISBN Number	not applicable
Product Code	FED00093

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Summary

Wood-plastic composite decking see fastest growth

Demand for decking is projected to grow 2.1 percent annually to 3.6 billion lineal feet in 2013, valued at $5.2 billion. Gains in demand will be driven by increased use of wood-plastic composite decking and plastic decking. Demand for woodplastic composite decking is forecast to rise 9.5 percent per year through 2013, while demand for the smaller plastic decking segment is projected to advance 10.2 percent annually. Consumers will be attracted to these decking materials due to their long lifespans, minimal maintenance requirements, and imperviousness to degradation caused by general wear and tear and long-term exposure to moisture. While decks made from these materials generally cost more initially, they require less annual maintenance than most wood decks, thus offering customers savings in the long term.

In addition to its performance characteristics, gains in demand for composite decking will be encouraged by its close resemblance to natural wood, its ability to be cut like wood decking, increasing consumer familiarity with composite decking, and the perception that it is an environmentally friendly material, due to the use of reclaimed plastics in its production. Advances in demand for plastic and other decking types will be driven by the high durability of these products, making them ideal for use in public parks, commercial spaces, and such facilities as dockyards and marinas.

Wood decking will continue to account for the majority of decking demand in volume and value terms. Demand for wood decking is forecast to rise less than one percent annually to 2.8 billion lineal feet in 2013. Advances will be restrained from heavy competition from other materials. Gains in demand will be promoted by increasing consumer interest in tropical hardwoods.

Residential market to remain dominant

The residential market, which accounted for 61 percent of total decking demand in 2008, will continue to account for the majority of decking demand in 2013, posting 2.6 percent annual growth rates.

Advances will be derived from the continued popularity of decks. Consumers will add amenities to their existing decks, such as outdoor kitchens, spas and hot tubs, and areas for other activities.

Not only do these larger decks require deck boards, but many homeowners will install additional railings and other accessories to separate areas of the deck, in addition to enhancing the safety of their decks by preventing falls by small children or older adults. Further gains will be derived from the rebounding US housing market.

Study coverage

This new Freedonia industry study, Wood & Competitive Decking, is priced at $4800. It presents historical demand data (1998, 2003 and 2008) and forecasts for 2013 and 2018 by product, market and US region. The study also considers market environment factors, details industry structure, assesses company market share and profiles 39 industry competitors.

Content

I. Executive Summary
II. Market Environment
- General
- Macroeconomic Environment
- Consumer Income & Spending
- Personal Income & Expenditures
- Consumer Financing
- Demographic Trends
- Construction Trends
- Construction Expenditures
- Construction Stock
- Building Construction Trends
- Residential Construction
- Housing Outlook
- Housing Stock
- Housing Sales
- Improvement & Repair Outlook
- Nonresidential Construction
- Construction Expenditures
- Improvement & Repair
- Nonbuilding Construction
- Market Trends & Seasonality
- Pricing Patterns
- Regulatory & Environmental Issues
- Building Codes
- Treated Lumber
- Environmental
- US Foreign Trade
III. Overview
- General
- Demand by Volume
- Demand by Material Type
- Demand by Function
- Demand by Value
- Demand by Material Type
- Demand by Function
- Volume & Value Demand Comparison
- Installed Costs
- Life Cycle Costs
- Competitive Environment
IV. Products
- General
- Wood
- Demand by Volume & Value
- Demand by Function
- Products
- Pressure-Treated Wood
- Product Characteristics
- Environmental Issues
- Cedar
- Redwood
- Product Characteristics
- Regulatory Issues
- Other
- Markets
- Installation Methods
- Suppliers
- Wood-Plastic Composite
- Demand by Volume & Value
- Demand by Function
- Product Characteristics
- Product Development
- Demand by Material Type
- Wood-Polyethylene Composites
- Other Wood-Plastic Composites
- Markets
- Installation Methods
- Market Share
- Plastic & Other
- Demand by Volume & Value
- Demand by Function
- Products
- Plastic Decking
- Vinyl
- Product Characteristics
- Product Development
- Suppliers
- Polyethylene & Other Plastics
- Product Characteristics
- Suppliers
- Market Share
- All Other Decking
- Metals
- Nonwood Composites & Other Materials
- Markets
- Installation Methods
V. Markets
- General
- Residential Buildings
- New Housing
- Wood
- Composite, Plastic & Other Decking
- Improvement & Repair
- Wood
- Composite, Plastic & Other Decking
- Housing Type
- Single-Family Housing
- Demand by Material Type
- Demand by Application
- Multifamily Housing
- Demand by Material Type
- Demand by Application
- Manufactured Housing
- Demand by Material Type
- Demand by Application
- Nonresidential Buildings
- New
- Improvement & Repair
- Nonbuilding Construction
- New
- Improvement & Repair
VI. Regions
- General
- Regional Demographic & Economic Trends
- Population Patterns
- Economic Outlook
- Construction Expenditures
- Housing Outlook
- Regional Demand for Decking
- Northeast
- New England
- Middle Atlantic
- Midwest
- East North Central
- West North Central
- South
- South Atlantic
- East South Central
- West South Central
- West
- Mountain
- Pacific
VII. Industry Structure
- General
- Industry Composition
- Market Share
- Wood Decking
- Alternative Decking
- Product Development
- Manufacturing
- Wood Decking
- Alternative Decking
- Marketing
- Wood Decking
- Alternative Decking
- Distribution
- Mergers & Acquisitions
- Cooperative Agreements
- Company Profiles
- Advanced Environmental Recycling
- Technologies Incorporated
- Aert, See Advanced Environmental Recycling Technologies
- Alcoa Home Exteriors, See Ply Gem Holdings
- Alcoa Incorporated
- Alside Incorporated, See Associated Materials
- Arch Chemicals Incorporated
- Associated Materials Incorporated
- Atrium Companies Incorporated
- Boise Cascade Holdings Llc
- Certainteed Corporation, See Saint-Gobain
- Chemical Specialties Incorporated (Csi), See
- Rockwood Holdings
- Correct Building Products Llc
- Cpi Plastics Group Limited
- Crane Plastics Holding Company
- Denplax Sa, See Trex Company
- Elk Premium Building Products Incorporated, See
- G-I Holdings
- Elkcorp, See G-I Holdings
- Epoch Composite Products Incorporated, See
- Tamko Building Products
- Fiber Composites Llc
- G-I Holdings Incorporated
- Georgia Gulf Corporation
- Georgia-Pacific Llc, See Koch Industries
- Hancor Holdings Llc
- Hoover Treated Wood Products Incorporated
- International Paper Company
- Kadant Incorporated
- Koch Industries Incorporated
- Kroy Building Products Incorporated, See
- Ply Gem Holdings
- Lb Plastics Incorporated
- Ldi Composites Company, See
- Liberty Diversified Industries
- Liberty Diversified Industries Incorporated
- Louisiana-Pacific Corporation
- Maximum Vinyl Products, See Crane Plastics
- N.E.W. Plastics Corporation
- Osmose Holdings Incorporated
- Outdoor Technologies Incorporated, See Hancor Holdings
- Ply Gem Holdings Incorporated
- Renew Plastics Incorporated, See N.E.W. Plastics
- Rockwood Holdings Incorporated
- Royal Group Incorporated, See Georgia Gulf
- Saint-Gobain
- Sherwin-Williams Company
- Tamko Building Products Incorporated
- Temple-Inland Incorporated
- Thermal Industries Incorporated, See Atrium Companies
- Thompson S Company, See Sherwin-Williams
- Timbertech Limited, See Crane Plastics
- Trex Company Incorporated
- Trimax Building Products Incorporated
- Ufp, See Universal Forest Products
- Ultraguard, See Associated Materials
- Universal Forest Products Incorporated
- US Home Systems Incorporated
- Veka Ag
- Viance Llc, See Rockwood Holdings
- Westech Building Products Incorporated, See
- Westlake Chemical
- Westlake Chemical Corporation
- Weyerhaeuser Company
- Wood Protection Company, See Osmose Holdings
- Selected Other Decking Companies
- Additional Companies Mentioned in Study
List of Tables
- Section I -- Executive Summary
  - Summary Table
- Section Ii -- Market Environment
  - 1 Macroeconomic Indicators
  - 2 Personal Income & Expenditures
  - 3 Consumer Financing Environment, 1996-2006
  - 4 Resident Population
  - 5 Construction Expenditures
  - 6 Construction Stock
  - 7 Residential Construction Expenditures
  - 8 Housing Indicators
  - 9 Residential Improvement & Repair Expenditures
  - 10 Nonresidential Construction Expenditures
  - 11 Nonresidential Improvement & Repair Expenditures
  - 12 Nonbuilding Construction Expenditures
  - 13 Decking Growth
  - 14 Decking Prices for Selected Materials
- Section Iii -- Overview
  - 1 Decking Market Volume by Material Type & Function
  - 2 Decking Market Value by Material Type & Function
  - 3 Life Cycle Cost Comparison by Decking Material
  - 4 Residential Decking Indicators
- Section Iv -- Products
  - 1 Wood Decking Demand by Function
  - 2 Wood Decking Demand by Material Type
  - 3 Pressure-Treated Wood Decking Demand by Function & Material Type
  - 4 Cedar Decking Demand by Function
  - 5 Redwood Decking Demand by Function
  - 6 Other Wood Decking Demand by Function
  - 7 Wood Decking Demand by Market & Application
  - 8 Wood Decking Demand by Installation Method
  - 9 Wood-Plastic Composite Decking Material Demand by Function
  - 10 Wood-Plastic Composite Decking Demand by Material Type
  - 11 Wood-Polyethylene Decking Demand by Function
  - 12 Other Wood-Plastic Composite Decking Demand by Function
  - 13 Wood-Plastic Composite Decking Demand by Market & Application
  - 14 Wood-Plastic Composite Decking Demand by Installation Method
  - 15 Plastic & Other Decking Material Demand by Function
  - 16 Plastic & Other Decking Materials by Material Type
  - 17 Plastic Decking Demand by Material Type
  - 18 Vinyl Decking Demand by Function
  - 19 Polyethylene & Other Plastic Decking Demand by Material Type & Function
  - 20 All Other Decking Demand by Function
  - 21 Plastic & Other Decking Demand by Market & Application
  - 22 Plastic & Other Decking Demand by Installation Method
- Section V -- Markets
  - 1 Decking Demand by Market & Application
  - 2 Residential Decking Demand by Material Type & Application
  - 3 New Residential Decking Demand by Material Type
  - 4 Residential Improvement & Repair Decking Demand by Material Type
  - 5 Residential Decking Demand by Housing Type
  - 6 Single-Family Housing Decking Demand by Material Type & Application
  - 7 Multifamily Housing Decking Demand by Material Type & Application
  - 8 Manufactured Housing Decking Demand by Material Type & Application
  - 9 Nonresidential Building Decking Demand by Material Type & Application
  - 10 New Nonresidential Decking Demand by Material Type
  - 11 Nonresidential Improvement & Repair Decking Demand by Material Type
  - 12 Nonbuilding Decking Demand by Material Type & Application
  - 13 New Nonbuilding Decking Demand by Material Type
  - 14 Nonbuilding Improvement & Repair Decking Demand by Material Type
- Section Vi -- Regions
  - 1 Resident Population by Region
  - 2 Gross Domestic Product by Region
  - 3 Construction Expenditures by Region
  - 4 Housing Indicators
  - 5 Decking Demand by Region
  - 6 Northeast Decking Demand by Subregion & Market
  - 7 Midwest Decking Demand by Subregion & Market
  - 8 South Decking Demand by Subregion & Market
  - 9 West Decking Demand by Subregion & Market
- Section Vii -- Industry Structure
  - 1 Alternative Decking Sales for Selected Companies, 2006
  - 2 Selected Acquisitions & Divestitures
  - 3 Selected Cooperative Agreements
List of Charts
- Section Ii -- Market Environment
  - 1 Year of Construction of Housing Stock, 2006
  - 2 Decking Growth, 1997-2006
- Section Iii -- Overview
  - 1 Decking Market Volume by Material Type, 1996-2016
  - 2 Decking Market Value by Material Type, 1996-2016
  - 3 Volume Versus Value: Decking Demand by Material Type, 2006
  - 4 Average Installed Costs for Selected Decking
  - Materials, 2006
- Section Iv -- Products
  - 1 Wood-Plastic Composite Decking Market Share, 2006
  - 2 Plastic Decking Market Share, 2006
- Section V -- Markets
  - 1 Decking Demand by Market, 2006
- Section Vi -- Regions
  - 1 Decking Demand by Region, 2006