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Nonwoven Decking Market Size
Nonwoven Decking Market will see noticeable growth over 2024 to 2032, due to the rise in residential construction and home improvement projects. The increasing demand for modern construction and the accelerating global urbanization is leading to the surging need for innovative materials with low maintenance in building projects. Of late, consumers are showing great interest in eco-friendly decking materials, further driving the demand for nonwoven decking products made from recycled and environmentally friendly materials.
The rising integration of technological features like LED lighting and smart sensors to enhance the functionality and aesthetics of nonwoven decking materials will also add to the product adoption. However, higher costs compared to traditional decking systems along with hindered performance during exposure to sunlight and hot climatic conditions may limit the product appeal.
Nonwoven Decking Market Trends
Continuous innovations in material technologies deployed in the nonwoven sector will play an ideal role for the market expansion. For instance, in October 2023, nonwovens maker PFNonwovens introduced its novel range of spunmelt fabrics deployed with 100% renewable polylactic acid (PLA) resins. Leading manufacturers are also heavily investing in R&D activities to manufacture decking materials with improved durability, resistance to weather conditions, and enhanced performance.
Nonwoven Decking Market Analysis
Based on type, the capped nonwoven decking segment is anticipated to grow exponentially through 2032, owing to the emerging requirement for low-maintenance in-house owners. Capped nonwoven decking offers a wide range of design possibilities, including a variety of colors and textures. The ease of access to extended warranties for capped nonwoven decking due to its enhanced durability and performance will also contribute to the segment growth.
With respect to application, the non-residential segment is projected to accumulate large share of the nonwoven decking market by 2032. This growth is due to the wide application avenues of nonwoven decking in marinas, patios, docks, and flooring in non -residential buildings. Nonwoven decking materials are highly durable and resistant to wear, tear, and environmental elements, making them well-suited for non-residential purposes with heavy foot traffic and other stressors. Rising usage in non-residential settings, such as commercial decks, walkways, or outdoor spaces in industrial facilities driven by resistance to weathering will enhance the product application outlook.
North America nonwoven decking industry is projected to demonstrate immense growth through 2032, due to the increased residential and commercial construction activities across the region. As per AGC (Associated General Contractors of America), there were over 919,000 construction establishments across the U.S. during the first quarter of 2023. The growing emphasis on sustainability and eco-friendly practices in various industries is driving the trend towards using sustainable materials and manufacturing processes for meeting the need for environmentally friendly products. The escalating demand for affordable and low-maintenance construction materials along with the strong presence of leading market players will also shape the regional landscape.
Nonwoven Decking Market Share
Significant nonwoven decking industry players are implementing growth measures, including partnerships, collaborations, mergers & acquisitions, and new product developments to boost their global presence and gain a strong foothold in the market.
Some of the major nonwoven decking industry include:
- TimberTech
- Trex Company
- TAMKO Building Products
- UPM Biocomposites
- Green Bay Decking LLC
- Duralife Decking and Railing Systems
- Cardinal Building Products
- Fiberon LLC
- Azek Building Product
Nonwoven Decking Industry News
- In August 2023, American industrial supplies firm Fastenal inked a scrap supply agreement with Trex Company. Through this initiative, the utilized PE films from Fastenal’s distribution centers, branches, and customer-based onsite locations are shipped to Trex for further usage in the manufacturing of composite decking products.