TABLE OF CONTENTS
SECTION PAGE
INTRODUCTION xi
I. EXECUTIVE SUMMARY 1
II. MARKET ENVIRONMENT 4
General 4
Macroeconomic Trends 5
Demographic Trends 9
Consumer Trends 12
Personal Income & Expenditures 13
Consumer Financing 15
Construction Trends 18
Building Construction 22
Residential Buildings 25
Housing Completions 28
Housing Stock 32
Improvements & Repairs 35
Nonresidential Buildings 37
New 37
Improvements & Repairs 40
Nonresidential Building Stock 42
Nonbuilding Construction 44
Construction Expenditures 44
Nonbuilding Construction Stock 46
Historical Market Trends & Seasonality 47
Pricing Patterns 50
Regulatory & Environmental Issues 53
Building Codes 54
Treated Lumber 55
Environmental 57
US-Canadian Softwood Timber Dispute 60
Foreign Trade 61
III. OVERVIEW 63
General 63
Demand by Volume 64
Demand by Material Type 66
Demand by Function 69
Demand by Value 70
Demand by Material Type 72
Demand by Function 74
Volume & Value Demand Comparison 75
Installed Costs 77
Life Cycle Costs 79
Treated Yellow Pine 81
Redwood 81
Cedar 82
Tropical Hardwoods 82
Wood-Plastic Composite 83
Plastic 84
Competitive Environment 85
IV. PRODUCTS 88
General 88
Wood 89
Demand by Volume & Value 89
Demand by Function 91
Demand by Species 92
Pressure-Treated Wood 94
Cedar 101
Redwood 103
Tropical Hardwoods & Other 106
Markets 110
Installation Methods 113
Suppliers 115
Wood-Plastic Composites 116
Demand by Volume & Value 117
Demand by Function 118
Product Characteristics 119
Product Development 122
Demand by Material Type 123
Wood-Polyethylene Composites 124
Other Wood-Plastic Composites 127
Markets 130
Installation Methods 133
Market Share 135
Plastic & Other 140
Demand by Volume & Value 141
Demand by Function 142
Product Characteristics 142
Plastic Decking 143
Vinyl 144
Polyethylene & Other Plastics 149
Market Share 155
Other Decking 158
Metals 159
All Other Materials 160
Markets 160
Installation Methods 163
V. MARKETS 165
General 165
Residential Buildings 168
New 172
Wood 173
Composite, Plastic & Other Decking 174
Improvements & Repairs 174
Wood 177
Composite, Plastic & Other Decking 177
Housing Type 178
Single-Family Housing 180
Demand by Application 182
Demand by Material 183
Multifamily Housing 184
Demand by Application 186
Demand by Material 186
Manufactured Housing 187
Demand by Application 188
Demand by Material 189
Nonresidential Buildings 190
New 192
Improvements & Repairs 194
Nonbuilding Construction 197
New 200
Improvements & Repairs 201
VI. REGIONS 205
General 205
Regional Demographic & Economic Trends 207
Population Patterns 207
Economic Outlook 209
Regional Construction 211
Housing Trends 214
Regional Demand for Decking 216
Northeast 219
New England 222
Middle Atlantic 223
Midwest 224
East North Central 227
West North Central 228
South 229
South Atlantic 232
East South Central 234
West South Central 235
West 236
Mountain 239
Pacific 240
VII. INDUSTRY STRUCTURE 243
General 243
Industry Composition 244
Market Share 246
Wood Decking 246
Composite, Plastic & Other Decking 247
Product Development 250
Manufacturing 252
Wood Decking 253
Composite, Plastic & Other Decking 254
Marketing 255
Wood Decking 256
Composite, Plastic & Other Decking 258
Distribution 260
Mergers & Acquisitions 263
Cooperative Agreements 266
Company Profiles 269
Advanced Environmental Recycling Technologies 270
AERT, see Advanced Environmental Recycling Technologies
Alside, see Associated Materials
Arch Chemicals Incorporated 273
Associated Materials LLC 275
Atrium Companies Incorporated 277
Azek Building Products, see CPG International
Benjamin Moore, see Berkshire Hathaway
Berkshire Hathaway Incorporated 279
BlueLinx Holding Incorporated 281
Boise Cascade Holdings LLC 283
Building Materials Corporation of America 284
California Redwood, see Green Diamond Resource
CertainTeed, see Saint-Gobain
Correct Building Products, see Building Materials Corporation of America
CPG International Incorporated 286
Crane Group 288
Deceuninck NV 291
Dow Chemical Company 293
Fiberon LLC 295
GAF Materials, see Building Materials Corporation of America
GAFMC, see Building Materials Corporation of America
Georgia Gulf Corporation 300
Georgia-Pacific, see Koch Industries
Gracious Living Corporation 302
Green Bay Decking LLC 303
Green Diamond Resource Company 305
Hood Companies 306
Hoover Treated Wood Products Incorporated 308
Koch Industries Incorporated 309
Kroy Building Products, see Ply Gem Holdings
LB Plastics Incorporated 310
Liberty Diversified Industries Incorporated 312
Mendocino Forest Products Company LLC 312
N.E.W. Plastics Corporation 314
Osmose Holdings Incorporated 315
Ply Gem Holdings Incorporated 317
Potlatch Corporation 318
Renew Plastics, see N.E.W. Plastics
Rockwood Holdings Incorporated 319
Royal Outdoor Products, see Georgia Gulf
Saint-Gobain 321
Sherwin-Williams Company 324
TAMKO Building Products Incorporated 325
Temple-Inland Incorporated 327
Thermal Industries, see Atrium Companies
TimberTech, see Crane Group
Trex Company Incorporated 328
Trimax Building Products, see N.E.W. Plastics
Universal Forest Products Incorporated 331
VEKA AG 335
Viance, see Dow Chemical and Rockwood Holdings
West Fraser Timber Company Limited 337
Westech Building Products, see Westlake Chemical
Westlake Chemical Corporation 338
Weyerhaeuser Company 340
Wood Protection, see Osmose Holdings
Selected Other Decking Companies 342
Additional Companies Mentioned in Study 348
LIST OF TABLES
TABLE NUMBER PAGE
SECTION I -- EXECUTIVE SUMMARY
Summary Table 3
SECTION II -- MARKET ENVIRONMENT
1 Macroeconomic Indicators 8
2 Population & Households 12
3 Personal Consumption Expenditures 14
4 Consumer Financing Environment, 1999-2009 18
5 Construction Expenditures 22
6 Building Construction Expenditures 25
7 Residential Building Construction Expenditures 27
8 Housing Completions 31
9 Housing Stock by Type 34
10 Residential Improvement & Repair Expenditures 36
11 Nonresidential Building Construction Expenditures 40
12 Nonresidential Building Improvement & Repair Expenditures 41
13 Nonresidential Building Stock 44
14 Nonbuilding Construction Expenditures 46
15 Nonbuilding Construction Stock 47
16 Decking Market, 2000-2009 49
17 Decking Pricing 53
SECTION III -- OVERVIEW
1 Decking Demand by Material & Function 66
2 Decking Market Value by Material & Function 72
3 Life Cycle Cost Comparison by Decking Material 81
4 Residential Decking Indicators 87
SECTION IV -- PRODUCTS
1 Wood Decking Demand by Function 89
2 Wood Decking Demand by Species 94
3 Pressure-Treated Wood Decking Demand by Function & Type 96
4 Cedar Decking Demand by Function 103
5 Redwood Decking Demand by Function 104
6 Tropical Hardwood & Other Wood Decking Demand
by Function 109
7 Wood Decking Demand by Market & Application 113
8 Wood Decking Demand by Installation Method 115
9 Wood-Plastic Composite Decking Demand by Function 116
10 Wood-Plastic Composite Decking Demand by Type 124
11 Wood-Polyethylene Decking Demand by Function 127
12 Other Wood-Plastic Composite Decking by Function 129
13 Wood-Plastic Composite Decking Demand
by Market & Application 133
14 Wood-Plastic Composite Decking Demand
by Installation Method 135
15 Plastic & Other Decking Demand by Function 140
16 Plastic & Other Decking Demand by Type 143
17 Plastic Decking Demand by Material Type 144
18 Vinyl Decking Demand by Function 147
19 Polyethylene & Other Plastics Decking Demand
by Material & Function 152
20 Other Decking Materials Demand by Function 159
21 Plastic & Other Decking Demand by Market & Application 163
22 Plastic & Other Decking Demand by Installation Method 164
SECTION V -- MARKETS
1 Decking Demand by Market & Application 167
2 Residential Decking Demand by Material & Application 171
3 New Residential Decking Demand by Material 173
4 Residential Improvement & Repair Decking Demand
by Material 176
5 Residential Decking Demand by Housing Type 180
6 Single-Family Housing Decking Demand by Application
& Material 182
7 Multifamily housing Decking Demand by Application
& Material 185
8 Manufactured Housing Decking Demand by Application
& Material 188
9 Nonresidential Building Construction Decking Demand
by Application & Material 192
10 New Nonresidential Building Construction Decking Demand
by Material 194
11 Nonresidential Building Construction Improvement & Repair Decking Demand by Material 196
12 Nonbuilding Construction Decking Demand
by Application & Material 199
13 New Nonbuilding Construction Decking Demand by Material 201
14 Nonbuilding Construction Improvement & Repair Decking
Demand by Material 204
SECTION VI -- REGIONS
1 Population by Region 209
2 Gross Domestic Product by Region 211
3 Construction Expenditures by Region 214
4 Regional Housing Indicators 216
5 Decking Demand by Region 218
6 Northeast Decking Demand by Subregion & Market 222
7 Midwest Decking Demand by Subregion & Market 227
8 South Decking Demand by Subregion & Market 232
9 West Decking Demand by Subregion & Market 239
SECTION VII -- INDUSTRY STRUCTURE
1 US Composite, Plastic & Other Decking Sales
by Company, 2009 249
2 Selected Acquisitions & Divestitures 265
3 Selected Cooperative Agreements 267
LIST OF CHARTS
CHART NUMBER PAGE
SECTION II -- MARKET ENVIRONMENT
1 Year of Construction of Housing Stock, 2009 35
2 Decking Demand Growth, 2000-2009 50
SECTION III -- OVERVIEW
1 Decking Market Volume by Material Type, 1999-2019 69
2 Decking Market Value by Material Type, 1999-2019 74
3 Volume vs. Value: Decking Demand by Material, 2009 76
4 Average Installed Costs for Selected Decking Materials, 2009 79
SECTION IV -- PRODUCTS
1 Wood-Plastic Composite Decking Market Share, 2009 136
2 Plastic Decking Market Share, 2009 156
SECTION V -- MARKETS
1 Decking Demand by Market, 2009 168
SECTION VI -- REGIONS
1 Decking Demand by Region, 2009 218
