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Composite decking and railing systems have revolutionized outdoor living spaces, offering a sustainable, low-maintenance alternative to traditional wood. With growing consumer preference for durable and eco-friendly materials, the composite decking and railing industry has witnessed remarkable growth, particularly in the USA.
This blog provides an in-depth look at the top 10 composite decking and railing companies, exploring their innovations, market contributions, and performance metrics. We also discuss the USA's growing composite decking and railing market, including key trends and future projections.
Composite Decking & Railing Market was valued at USD 2,492.5 million in 2023 and is projected to grow to USD 2,669.46 million by 2024, with further expansion to USD 4,621.04 million by 2032, reflecting a CAGR of 7.1% during the forecast period from 2024 to 2032.
What is Composite Decking & Railing?
Composite decking and railing are engineered products made from a blend of wood fibers, plastic, and binding agents. These materials are designed to mimic the appearance of natural wood while providing superior durability and resistance to environmental factors.
Key Features:
- Materials Used: Wood fibers, recycled plastics, and polymers.
- Benefits:
- Resistant to rot, mold, and insects.
- Low maintenance with no need for staining or sealing.
- Eco-friendly as they often utilize recycled materials.
- Applications: Ideal for residential decks, commercial patios, and outdoor recreational spaces.
USA's Growing Composite Decking & Railing Market
The USA leads the global market for composite decking and railing, driven by increased consumer demand for sustainable outdoor solutions and advancements in composite technologies.
Market Overview:
- Market Size (2023): USD 4.8 billion.
- Projected Growth (2032): USD 10.6 billion.
- CAGR: Expected to grow at a CAGR of 7.9% from 2024 to 2032.
- Key Drivers:
- Rising awareness of eco-friendly materials.
- Growth in residential and commercial construction.
- Increasing focus on aesthetic outdoor living spaces.
Global Growth Insights unveils the top List global Composite Decking & Railing Companies:
- Trex Company
- Headquarters: Winchester, Virginia, USA
- Revenue (2023): USD 1.3 billion
- CAGR: 8.5%
- Overview: Trex is a market leader in composite decking, offering a wide range of innovative and sustainable products. The company is renowned for its eco-friendly manufacturing process, utilizing 95% recycled materials.
- UPM Biocomposites
- Headquarters: Helsinki, Finland
- Revenue (2023): USD 850 million
- CAGR: 7.2%
- Overview: UPM Biocomposites focuses on sustainable solutions, leveraging advanced technologies to create high-quality decking and railing systems with a strong emphasis on environmental responsibility.
- Advanced Environmental Recycling Technologies (AERT)
- Headquarters: Springdale, Arkansas, USA
- Revenue (2023): USD 350 million
- CAGR: 6.9%
- Overview: AERT is a pioneer in the development of composite decking materials, using recycled polyethylene and wood fiber to produce durable, attractive decking products.
- TAMKO Building Products
- Headquarters: Joplin, Missouri, USA
- Revenue (2023): USD 900 million
- CAGR: 7.8%
- Overview: TAMKO is known for its extensive portfolio of composite decking products, designed to enhance outdoor living spaces with durability and aesthetic appeal.
- TimberTech (by AZEK)
- Headquarters: Chicago, Illinois, USA
- Revenue (2023): USD 1.1 billion
- CAGR: 8.2%
- Overview: TimberTech, a division of AZEK, offers premium composite decking and railing products that blend beauty and performance. Their emphasis on sustainability includes a recycling program for used materials.
- Fiberon
- Headquarters: Maumee, Ohio, USA
- Revenue (2023): USD 600 million
- CAGR: 7.5%
- Overview: Fiberon specializes in high-quality composite decking solutions, prioritizing eco-friendly practices and advanced manufacturing techniques to deliver superior products.
- CertainTeed
- Headquarters: Malvern, Pennsylvania, USA
- Revenue (2023): USD 2 billion
- CAGR: 6.7%
- Overview: CertainTeed’s composite decking offerings are known for their robust designs and low-maintenance features, catering to both residential and commercial markets.
- MoistureShield
- Headquarters: Springdale, Arkansas, USA
- Revenue (2023): USD 300 million
- CAGR: 6.8%
- Overview: MoistureShield offers innovative decking solutions with advanced water-resistant technology, making it ideal for extreme climates and wet environments.
- DuraLife Decking & Railing
- Headquarters: Biddeford, Maine, USA
- Revenue (2023): USD 250 million
- CAGR: 6.5%
- Overview: DuraLife stands out for its wide range of color options and durability, providing composite decking systems designed for long-lasting performance.
- Zuri Premium Decking
- Headquarters: Malvern, Pennsylvania, USA
- Revenue (2023): USD 150 million
- CAGR: 7%
- Overview: Zuri offers high-end composite decking products that replicate the natural beauty of wood while providing the durability and low maintenance of composites.
Conclusion
The composite decking and railing industry continues to expand, driven by consumer preference for sustainable, durable, and visually appealing outdoor solutions. Leading companies like Trex, TimberTech, and UPM Biocomposites are setting benchmarks for innovation and sustainability, ensuring the industry’s growth in the coming years.
Key Takeaways:
- Market Growth: Increasing demand for eco-friendly and low-maintenance decking options.
- Industry Leaders: Companies leveraging advanced technologies and sustainable practices dominate the market.
- Future Outlook: Innovations in materials and design will continue to shape the composite decking and railing market.