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The residential buildings industry is estimated to play a key role in the wooden decking market

Decks are constructed outdoors above the ground and are connected to a building. Wooden decks have multiple applications such as garden landscaping, extension of living area of a house, dinning, play group area, and interiors of houses.  A significant change has been observed in the construction industry with the introduction of wooden decks as it offers high-performance, more space, and low-cost building products. Also, wood decks offer benefits such as high quality, increased efficiency, and better finishing.
MarketsandMarkets projects that the global wooden decking market size will grow USD 7.21 billion in 2015 to USD 7.81 billion by 2021, at a CAGR of 1.43%. Increase in infrastructural activities, industrialization, and recovery of global economy are expected to be the main drivers of the wooden decking market. The residential sector is projected to be the fastest-growing market in the wooden decking market because of the properties exhibited in wood decks such as resistance to rot, splinter, color fading, long product durability, stable, and sustainable.
The residential application dominated the wooden decking market globally in 2015 and this trend is expected to continue during the forecast period. As residential applications require non-splintering, rot-resistant, and non-color fading decking products, wood decks are largely used in this sector. The non-residential application of wooden decking includes docks, marinas, public boardwalks, commercial establishment patios, and flooring.
On the basis of type, the market for wooden decking is segmented into pressure treated wood, cedar wood, redwood and others (tropical hardwoods, tigerwood, mahogany, teak, and ipe wood).  Pressure-treated is projected to grow at the highest rate, as it can withstand moist and icy weather conditions, durable, and long lasting. Pressure-treated wooden products are treated with waterborne preservatives, thus it is widely used in residential, industrial, and commercial structures; this segment is projected to grow at the highest CAGR.
In 2015, North America dominated the global wooden decking market by volume, with U.S. being the fastest-growing market in this region. This was followed by Europe, Asia-Pacific, and RoW. Wooden decking products offer properties such as long product durability, strength and firmness, and have natural enhanced looks in comparison to alternative decking products. The high growth in demand for wooden decking products is anticipated from the Asia-pacific and RoW regions. China and Japan are projected to be the fastest-growing markets for wooden decking in the Asia-Pacific region.
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