Canada Polyvinyl Chloride (PVC) Decking Market To Reach $70.4 Billion By 2030

Canada Polyvinyl Chloride (PVC) Decking Market Growth & Trends

The Canada Polyvinyl Chloride (PVC) decking market size is expected to reach USD 70.4 million by 2030, according to a new report by Grand View Research, Inc. The market is projected to expand at a CAGR of 9.0% over the forecast period. Rapid urbanization and industrialization along with the growth of infrastructure and the presence of several manufacturing industries boosted by investments from governments for industrial sector are projected to positively impact the PVC decking market over the forecast period.

Polyvinyl Chloride (PVC) is one of the majorly used plastics across building and construction applications such as window profiles, cables, pipes, flooring, and roofing. Furthermore, PVC resin is being widely utilized to manufacture decks as it provides high resistance to mold, moisture control, and resistivity toward decay and humidity compared to traditional materials such as wood and composites.

Rising urbanization has been a significant driver of the PVC decking market in the country. PVC decking is a popular choice for residential and commercial spaces as it is low-maintenance and durable. Due to the reduced level of maintenance required, PVC is frequently promoted as being more affordable over time than alternatives such as all-wood or composite decking. These factors are likely to boost the demand for PVC in the construction industry.

Furthermore, increasing construction activities in Canada are expected to boost the demand for decks across commercial spaces including restaurants, resorts, beach shacks, and others. Consumers are increasingly spending on home decor & furnishings such as rugs, carpets, and other floor coverings that improve the aesthetic appeal of their living spaces. In their interior design initiatives, both residential and commercial building owners place a strong emphasis on renovation and remodeling. This, in turn, is expected to generate the demand for PVC in construction applications, especially in decking, over the forecast period.

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Canada Polyvinyl Chloride (PVC) Decking Market Report Highlights

• The Canada PVC decking market was valued at USD 70.4 million in 2022 and is estimated to expand at a CAGR of 9.0% from 2023 to 2030

• In terms of revenue, the industrial application segment accounted for significant share in the market 2022 and is further expected to witness prominent growth over the forecast period. Rising energy demand worldwide, increasing share of renewable energy sources in the regional power generation mix, and increasing need to reduce dependency on fossil fuels for power generation are anticipated to fuel the industrial sector, further creating demand for polyvinyl chloride decking. The growing thermal power market and factories are expected to boost the production of decks. This, in turn, is expected to lead to increased demand and consumption of polyvinyl chloride for the industrial sectors in the form of decking

• The commercial application segment had a significant share in the market and accounted for more than 32.0% of the market revenue share in 2022. The building and construction industry in Canada is offering lucrative growth opportunities. The demand for polyvinyl chloride decking from commercial building construction is expected to grow over the forecast period due to PVC’s puncture resistance, moisture and gas migration resistance, low water vapor presence, and other beneficial properties even after exposure to severe field conditions

• Various strategic initiatives were recorded over the past few years in order to boost the growth of the Canada Polyvinyl Chloride Decking market. For instance, In November 2022, ABC Supply Co., Inc., the nation's biggest wholesale distributor of roofing, siding, and other exterior and interior construction products, has purchased the Canada based Monarch Group of Companies. It is a leading supplier of siding, roofing, and select exterior construction materials. The acquisition includes Monarch Exterior Centre Inc., Monarch Siding Centre Inc., and Monarch Metal Systems Inc

Canada Polyvinyl Chloride (PVC) Decking Market Segmentation

Grand View Research has segmented the Canada Polyvinyl Chloride (PVC) decking market on the basis of application, and country:

Canada PVC Decking Application Outlook (Volume, Million Sq.Ft.; Revenue, USD Million, 2018 - 2030)

• Residential

• Commercial

• Industrial

Canada PVC Decking Country Outlook (Volume, Million Sq.Ft.; Revenue, USD Million, 2018 - 2030)

• Canada

List of Key Players in the Canada PVC Decking Market

• Robi Decking

• National Decking

• Deck Masters of Canada

• The Deck Store Inc.

• Advanced Environmental Recycling Technologies, Inc.

• Fiberon LLC

• Azek Building Products, Inc.

• Cardinal Building Products

• CertainTeed Corporation