Demand for Decking Expected to Increase

by Kacey Larsen

Demand for decking in the U.S. is expected to rebound from lackluster performance from 2008 to 2013 and is forecast to rise 2.4 percent per year through 2018, according to the Wood & Competitive Decking study by The Freedonia Group, Inc., a Cleveland-based market research firm. The residential market was the largest end use for decking in 2013, with three-fifths of demand.

Through 2018, residential decking demand is projected to advance 2.7 percent annually. A rapid rebound in housing completions should drive gains in the new housing segment. Residential improvement and repair decking demands will be supported by rising home values and a more favorable lending environment.

The Wood & Competitive Decking study shows that, among product types, plastic and wood-plastic composite materials are forecast to see the fastest gains going forward. Analyst Matt Zielenski says, “Consumers will increasingly opt for these products because of their low maintenance requirements and long life spans.” Plastic decking demand is anticipated to rise at a double-digit annual pace through 2018, while demand for composite lumber decking will be boosted by the rising use of capstock-coated decking.

Because some consumers may be reluctant to switch materials when renovating decks, wood decking will continue to account for the majority of demand in volume and value terms. However, wood decking is forecast to grow much more slowly than composite and plastic lumber.

More information on the Wood & Competitive Decking study by The Freedonia Group, Inc. can be found here

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