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Dec 4, 2023

Pressure-treated wood leads market gains in wooden decking category

The global wooden decking market was estimated at US$7.6 billion in 2022 and is projected to reach a revised size of US$9.6 billion by 2030, growing at a compound annual growth rate (CAGR) of three percent through 2030, says a report from Research and Markets. Pressure-treated wood, the leading segment in the category, is projected to record 3.4 percent CAGR and reach $4.6 billion through 2030 while the redwood segment is estimated to record 2.5 percent CAGR. 

The report says that, amid economic challenges, there's an expectation of a swift improvement in real estate fundamentals, which is anticipated to drive demand for wooden decking. The residential construction sector and a move towards luxury homes will lead in driving market gains. 

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