Although wood decking demand in the US will be flat through 2013, alternative decking will grow nearly ten percent annually. Nevertheless, wood decking will continue to account for the majority of decking demand in volume and value. The residential market will remain dominant as consumers add amenities to their existing decks.

This study analyzes the $4.1 billion US decking industry. It presents historical demand data for the years 1998, 2003 and 2008, and forecasts for 2013 and 2018 by material type (e.g., wood, wood-plastic composite, plastic), market (e.g., residential, nonresidential, nonbuilding construction) and US geographic region.

The study also considers market environment factors, details industry structure, evaluates company market share and profiles 39 industry players, including Georgia-Pacific, Universal Forest Products and Trex.

TABLE OF CONTENTS
                                             

SECTION                                                                      PAGE

               INTRODUCTION                                                   xii
               
          I.   EXECUTIVE SUMMARY                                                1

         II.   MARKET ENVIRONMENT                                               4
               General                                                          4
               Macroeconomic Environment                                        5
               Consumer Income & Spending                                       9
                   Personal Income & Expenditures                              10
                   Consumer Financing                                          12
               Demographic Trends                                              15
               Construction Trends                                             19
               Building Construction Trends                                    23
                   Residential Construction                                    25
                     Housing Completions Outlook                               28
                     Housing Stock                                             31
                     Housing Sales                                             35
                     Residential Improvements & Repairs                        36
                   Nonresidential Construction                                 38
                     Construction Expenditures                                 38
                     Improvements & Repairs                                    41
                     Nonresidential Building Stock                             42
                   Nonbuilding Construction                                    45
               Historical Market Trends & Seasonality                          47
               Pricing Patterns                                                50
               Regulatory & Environmental Issues                               53
                   Building Codes                                              54
                   Treated Lumber                                              56
                   Environmental                                               57
               US-Canadian Softwood Timber Dispute                             59
               Foreign Trade                                                   61

        III.   OVERVIEW                                                        63
               General                                                         63
               Demand by Volume                                                64
                   Demand by Material Type                                     66
                   Demand by Function                                          69
               Demand by Value                                                 69
                   Demand by Material Type                                     71
                   Demand by Function                                          73
               Volume & Value Demand Comparison                                74
               Installed Costs                                                 76
               Life Cycle Costs                                                78
                   Treated Yellow Pine                                         80
                   Redwood                                                     81
                   Cedar                                                       81
                   Tropical Hardwoods                                          82
                   Wood-Plastic Composite                                      82
                   Plastic                                                     83
               Competitive Environment                                         84
               
         IV.   PRODUCTS                                                        88
               General                                                         88
               Wood                                                            89
                   Demand by Volume & Value                                    90
                   Demand by Function                                          91
                   Demand by Species                                           92
                     Pressure-Treated Wood                                     94
                        Product Characteristics                                97
                        Environmental Issues                                  100
                     Cedar                                                    101
                     Redwood                                                  103
                        Product Characteristics                               104
                        Regulatory Issues                                     106
                     Tropical Hardwoods & Other                               106
                   Markets                                                    110
                   Installation Methods                                       114
                   Suppliers                                                  116
               Wood-Plastic Composite                                         117
                   Demand by Volume & Value                                   118
                   Demand by Function                                         119
                   Product Characteristics                                    120
                   Product Development                                        123
                   Demand by Material Type                                    124
                     Wood-Polyethylene Composites                             125
                     Other Wood-Plastic Composites                            127
                   Markets                                                    130
                   Installation Methods                                       133
                   Market Share                                               135
               Plastic & Other                                                139
                   Demand by Volume & Value                                   140
                   Demand by Function                                         142
                   Product Characteristics                                    142
                     Plastic Decking                                          143
                        Vinyl                                                 144
                          Product Characteristics                             147
                          Product Development                                 148
                          Suppliers                                           149
                        Polyethylene & Other Plastics                         149
                          Product Characteristics                             152
                          Suppliers                                           155
                        Market Share                                          156
                     All Other Decking                                        158
                        Metals                                                159
                        Nonwood Composites & Other Materials                  160
                   Markets                                                    161
                   Installation Methods                                       164

          V.   MARKETS                                                        166
               General                                                        166
               Residential Buildings                                          170
                   New Housing                                                173
                     Wood                                                     174
                     Composite, Plastic & Other Decking                       175
                   Improvements & Repairs                                     175
                     Wood                                                     178
                     Composite, Plastic & Other Decking                       179                                      
                   Housing Type                                               180
                     Single-Family Housing                                    181
                        Demand by Material                                    183
                        Demand by Application                                 185
                     Multifamily Housing                                      185
                        Demand by Material                                    187
                        Demand by Application                                 188
                     Manufactured Housing                                     189
                        Demand by Material                                    190
                        Demand by Application                                 191
               Nonresidential Buildings                                       192
                   New                                                        194
                   Improvements & Repairs                                     196
               Nonbuilding Construction                                       198
                   New                                                        201
                   Improvements & Repairs                                     203
                     
         VI.   REGIONS                                                        206
               General                                                        206
               Regional Demographics & Economic Trends                        208
                   Population Patterns                                        208
                   Economic Outlook                                           211
                   Construction Expenditures                                  212
                   Housing Outlook                                            215
               Regional Demand for Decking                                    217
                   Northeast                                                  220
                     New England                                              223
                     Middle Atlantic                                          224
                   Midwest                                                    225
                     East North Central                                       228
                     West North Central                                       229
                   South                                                      230
                     South Atlantic                                           233
                     East South Central                                       235
                     West South Central                                       236                     
                   West                                                       237
                     Mountain                                                 240
                     Pacific                                                  241

        VII.   INDUSTRY STRUCTURE                                             244
               General                                                        244
               Industry Composition                                           246
               Market Share                                                   248
                   Wood Decking                                               248
                   Alternative Decking                                        249
               Product Development                                            252
               Manufacturing                                                  255
                   Wood Decking                                               255
                   Alternative Decking                                        256
               Marketing                                                      258
                   Wood Decking                                               259
                   Alternative Decking                                        261
               Distribution                                                   262
               Mergers & Acquisitions                                         264
               Cooperative Agreements                                         265
               Company Profiles                                               268
                   Advanced Environmental Recycling Technologies              269
                   Arch Chemicals Incorporated                                271
                   Associated Materials LLC                                   272
                   Atrium Companies Incorporated                              273
                   Azek Building Products, see CPG International                 
                   Berkshire Hathaway Incorporated                            274
                   Benjamin Moore and Company, see Berkshire Hathaway            
                   Boise Cascade Holdings LLC                                 276
                   Building Materials Corporation of America                  277
                   CertainTeed, see Saint-Gobain                                 
                   Collins Companies Incorporated                             278
                   Correct Building Products LLC                              279
                   CPG International Incorporated                             280
                   CPI Plastics Group Limited                                 282
                   Crane Group                                                283
                   Deceuninck NV                                              286
                   Dow Chemical Company                                       287
                   Epoch Composite, see TAMKO Building Products                  
                   Fiber Composites LLC                                       288
                   Fremont Sawmill, see Collins Companies                        
                   GAF Materials, see Building Materials Corporation 
                     of America                                                  
                   Georgia Gulf Corporation                                   290
                   Georgia-Pacific, see Koch Industries                          
                   Green Diamond Resource Company                             292
                   Hood Companies                                             293
                   Hoover Treated Wood Products Incorporated                  294
                   Koch Industries Incorporated                               295
                   Kroy Building Products, see Ply Gem Holdings                  
                   LB Plastics Incorporated                                   296
                   LDI Composites, see Liberty Diversified Industries            
                   Liberty Diversified Industries Incorporated                298
                   Louisiana-Pacific Corporation                              299
                   Mendocino Forest Products Company LLC                      300
                   N.E.W. Plastics Corporation                                301
                   Osmose Holdings Incorporated                               302
                   Ply Gem Holdings Incorporated                              303
                   Potlatch Corporation                                       304
                   Rockwood Holdings Incorporated                             305
                   Royal Outdoor Products, see Georgia Gulf                      
                   Saint-Gobain                                               306
                   Sherwin-Williams Company                                   308
                   TAMKO Building Products Incorporated                       309
                   Temple-Inland Incorporated                                 310
                   Thermal Industries, see Atrium Companies                      
                   TimberTech, see Crane Group                                   
                   Trex Company Incorporated                                  311
                   UFP, see Universal Forest Products                            
                   Universal Forest Products Incorporated                     313
                   VEKA AG                                                    316
                   Viance, see Rockwood Holdings                                 
                   West Fraser Timber Company Limited                         317
                   Westlake Chemical Corporation                              318
                   Weyerhaeuser Company                                       319
               Selected Other Decking Companies                               322
               Additional Companies Mentioned in Study                        329

                                  LIST OF TABLES
                                        
TABLE NUMBER                                                                 PAGE

               SECTION I -- EXECUTIVE SUMMARY
               Summary Table                                                    3

               SECTION II -- MARKET ENVIRONMENT
           1   Macroeconomic Indicators                                         9
           2   Personal Consumption Expenditures                               11
           3   Consumer Financing Environment, 1998-2008                       15
           4   Population & Households                                         18
           5   Construction Expenditures                                       22
           6   Building Construction Expenditures                              25
           7   Residential Building Construction Expenditures                  27
           8   Private Housing Completions                                     31
           9   Housing Stock by Type                                           34
          10   Housing Sales                                                   36
          11   Residential Improvement & Repair Expenditures                   37
          12   Nonresidential Building Construction Expenditures               40
          13   Nonresidential Building Improvement & Repair Expenditures       42
          14   Nonresidential Building Stock                                   44
          15   Nonbuilding Construction Expenditures                           46
          16   Nonbuilding Construction Stock                                  47
          17   Decking Market Trends, 1998-2008                                49
          18   Decking Pricing Trends                                          53

               SECTION III -- OVERVIEW
           1   Decking Demand by Material & Function                           66
           2   Decking Market Value by Material & Function                     71
           3   Life Cycle Cost Comparison by Decking Material                  80
           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                            97
           4   Cedar Decking Demand                                           103
           5   Redwood Decking Demand                                         104
           6   Tropical Hardwood & Other Wood Decking Demand                  110
           7   Wood Decking Demand by Market & Application                    114
           8   Wood Decking Demand by Installation Method                     116
           9   Wood-Plastic Composite Decking Demand by Function              117
          10   Wood-Plastic Composite Decking Demand by Type                  125
          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   All Other Decking Materials Demand by Function                 159
          21   Plastic & Other Decking Demand by Market & Application         163
          22   Plastic & Other Decking Demand by Installation Method          165

               SECTION V -- MARKETS
           1   Decking Demand by Market & Application                         169
           2   Residential Decking Demand by Material & Application           173
           3   New Residential Decking Demand by Material                     174
           4   Residential Improvements & Repairs Decking Demand 
                   by Material                                                178
           5   Residential Decking Demand by Housing Type                     181
           6   Single-Family Housing Decking Demand 
                   by Application & Material                                  183
           7   Multifamily Decking Demand by Application & Material           187
           8   Manufactured Housing Decking Demand 
                   by Application & Material                                  190
           9   Nonresidential Construction Decking Demand 
                   by Material & Application                                  194
          10   New Nonresidential Construction Decking Demand by Material     196
          11   Nonresidential Construction Improvements & Repairs 
                   Decking Demand by Material                                 198
          12   Nonbuilding Construction Decking Demand 
                   by Market & Application                                    201
          13   New Nonbuilding Construction Decking Demand by Material        203
          14   Nonbuilding Improvements & Repairs Decking Demand
                   by Material                                                205

               SECTION VI -- REGIONS
           1   Population by Region                                           210
           2   Gross Domestic Product by Region                               212
           3   Construction Expenditures by Region                            215
           4   Regional Housing Indicators                                    217
           5   Decking Demand by Region                                       219
           6   Northeast Decking Demand by Subregion & Market                 223
           7   Midwest Decking Demand by Subregion & Market                   228
           8   South Decking Demand by Subregion & Market                     233
           9   West Decking Demand by Subregion & Market                      240

               SECTION VII -- INDUSTRY STRUCTURE
           1   Alternative Decking Sales for Selected Companies, 2008         251
           2   Selected Cooperative Agreements                                267


                                  LIST OF CHARTS
                                        
CHART NUMBER                                                                 PAGE


               SECTION II -- MARKET ENVIRONMENT
           1   Year of Construction of Housing Stock, 2008                     35
           2   Decking Growth, 1998-2008                                       50

               SECTION III -- OVERVIEW
           1   Decking Market Volume by Material Type, 1998-2018               68
           2   Decking Market Value by Material Type, 1998-2018                73
           3   Volume Versus Value: Decking Demand by Material Type, 2008      75
           4   Average Installed Costs for Selected Decking Materials, 2008    78

               SECTION IV -- PRODUCTS
           1   Wood-Plastic Composite Decking Market Share, 2008              136
           2   Plastic Decking Market Share, 2008                             157

               SECTION V -- MARKETS
           1   Decking Demand by Market, 2008                                 170

               SECTION VI -- REGIONS
           1   Decking Demand by Region, 2008                                 220