Overall U.S. demand for decking will grow 2.1% annually and reach 3.6 billion lineal ft. by 2013, according to a new Freedonia Group study.
Wood will continue to account for the majority of decking demand in volume and value terms, although demand for wood decking is forecast to rise less than 1% annually to 2.8 billion lineal feet in 2013. Demand for wood-plastic composite and plastic decking is projected to rise about 10% per year through 2013. Although decks made from these materials generally cost more initially, the study reports, they require less annual maintenance than most wood decks and offer long-term savings.
Increased demand for composite decking will also be fueled by its resemblance to natural wood and its ability to be cut like wood decking, more consumer familiarity with composite decking, and the perception that it is an environmentally friendly material because it is produced with reclaimed plastics.
The residential market, which accounted for 61% of total decking demand in 2008, will continue to consume the majority of decking in 2013. In addition, consumers will add amenities to existing decks, such as outdoor kitchens, hot tubs, and additional railings and other accessories to separate areas of the deck.
Source: BPD-Building Products Digest, 2009-05-06.