Wood & competitive decking demand to reach $5.8 billion in 2009.
US demand for decking is projected to advance 2.8 percent per year through 2009 to 5.7 billion board feet, valued at $5.8 billion. The relative stability of the decking market stems from the fact that more than 85 percent of demand is generated through repair and improvement activity, which is inherently less cyclical cyclical
Of or relating to a variable, such as housing starts, car sales, or the price of a certain stock, that is subject to regular or irregular up-and-down movements. than the new construction market. New markets will offer more mixed prospects. These and other trends are presented in Wood & Competitive Decking, a new study from The Freedonia Group, Inc., a Cleveland-based industrial market research firm.
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 dou·ble-dig·it
Being between 10 and 99 percent: double-digit inflation. 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 du·ra·ble
1. Capable of withstanding wear and tear or decay: a durable fabric.
2. 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 composite material or composite, any material made from at least two discrete substances, such as concrete. Many materials are produced as composites, such as the fiberglass-reinforced plastics used for automobile bodies and boat hulls, but the have. However, these decking materials often provide less favorable fa·vor·a·ble
1. Advantageous; helpful: favorable winds.
2. Encouraging; propitious: a favorable diagnosis.
3. aesthetics aesthetics (ĕsthĕt`ĭks), the branch of philosophy that is concerned with the nature of art and the criteria of artistic judgment. 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 pressure-treated wood, wood that has had a liquid preservative forced into it in order to protect against deterioration due to rot or insect attack. The most commonly used preservatives are chromated copper arsenate (CCA) and pentachlorophenol. 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 Cleveland, former county, England
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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.