Demand for composite, PVC decking to rise
U.S. demand for decking is forecast to rise 2.4% annually, according to a study by the Freedonia Group, a Cleveland-based industry market research firm. This pace represents a rebound from the declines seen between 2006 and 2011, when housing completions plummeted and residential improvement and repair expenditures contracted from their elevated 2006 base. Through 2016, decking demand will be driven by an expected advance in housing completions and continuing consumer interest in decks as a way to increase their outdoor leisure space.
Wood-plastic composite and plastic lumber decking materials are expected to experience double-digit annual gains in demand through 2016, according to the Freedonia report. Plastic decking will see the most rapid growth. Consumers are expected to opt for the material because of its durability and low-maintenance requ