Wood & competitive decking demand to reach $5.8 billion in 2009.
The US decking market has seen a shift in product mix in recent years. In 1994, wood decking materials accounted for 97 percent of volume demand, with only minimal use of alternative decking materials. Between 1994 and 2004, the replacement of natural wood materials with alternative materials accelerated significantly. By 2004, alternative decking materials in the aggregate had acquired eleven percent of the five billion board foot market, posting double-digit gains in most markets over the span.
Composite decking will provide the strongest growth opportunities, posting 15 percent annual growth through 2009 to almost 900 million board feet. Demand for composite decking will be fueled by its high durability and low maintenance requirements, as well as by product advances that provide a more realistic wood appearance. Other alternative decking materials such as plastic and aluminum will also show strong growth, rising nearly eleven percent per year through 2009. Demand for these materials will benefit from many of the same performance characteristics composite materials have. However, these decking materials often provide less favorable aesthetics and a much higher price than composite or wood materials, which often limits use in the key residential market.
Despite significant competition from alternative decking materials, wood will remain the dominant material used to produce and repair decks in the US, accounting for 81 percent of total decking demand in 2009. Wood decking will continue to reap the rewards of its good reputation and preference among consumers, builders and contractors, as well as its aesthetic appeal. Pressure-treated wood in particular will continue to benefit from its lower price compared to other woods and alternative decking materials. However, demand for wood decking is forecast to expand only 1.0 percent annually through 2009, a significantly slower pace than the overall decking market.
Wood & Competitive Decking (published 10/2005, 297 pages) is available for $4,200 from The Freedonia Group, Inc., 767 Beta Drive, Cleveland, OH 44143-2326. For further details, please contact Corinne Gangloff by phone 440.684.9600, fax 440.646.0484 or e-mail email@example.com. Information may also be obtained through www.freedoniarogroup.com.
DECKING DEMAND (million board feet) % Annual Growth Item 1999 2004 2009 04/99 09/04 Decking Demand 4526 4975 5720 1.9 2.8 Wood 4238 4421 4640 0.8 1.0 Wood-Plastic Composite 220 443 895 15.0 15.1 Plastic & Other 68 111 185 10.3 10.8 [c] 2005 by The Freedonia Group, Inc.
|Printer friendly Cite/link Email Feedback|
|Comment:||Wood & competitive decking demand to reach $5.8 billion in 2009.|
|Publication:||Research Studies - Freedonia Group|
|Date:||Mar 30, 2004|
|Previous Article:||US disinfectant & antimicrobial chemicals demand to reach $930 million in 2009.|
|Next Article:||World industrial valves demand to reach $66 billion in 2009.|