Deck protective layer Market size is forecast to grow at a CAGR of 6.5% during the forecast period from 2021-2026. Deck protective layer protects the deck of commercial or residential infrastructures, as harsh UV rays can damage both wood, masonry, and concrete surfaces over time. In areas with a long photoperiod (length of sunshine per day) over the summer months, UV damage is accelerated. Hence, the deck can be protected by applying paints or coating, especially on wooden decks. Therefore, with the growing real-estate or building and construction industry, the demand for deck protective layer market is growing. Whereas growing public interest towards wooden houses will further enhance the overall market demand for deck protective layer during the forecast period.
Impact of COVID-19
The rapid spread of coronavirus has had a major impact on global markets as major economies of the world were under complete lockdown mode. Because of this major lockdown, suddenly all the consumer market for construction has declined, owing to this, the market demand for deck protective layer has also declined.
Deck Protective Layer Market Segment Analysis – By Product
Sealants and Coatings segment held the largest share of more than 30% in the deck protective layer market in 2020 and is expected to grow at a CAGR of 6.1% during the forecast period. As the name implies, these types of deck sealant coatings allow the natural color of the wood or surface to show through. Clear sealers typically need to be administered every 12 to 18 months or more as they don’t safeguard the deck from sun as well as other deck coating products or systems. So, these sealants lack UV protection. These types of clear sealers can work for both traditional wood decks and concrete surfaces. For concrete surfaces, it’s best to consider using a penetrating clear sealer. Depending on the surface, clear sealers can increase slipperiness and should be combined with a non-skid broadcast when necessary.
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Deck Protective Layer Market Segment Analysis – By Application
Residential sector has been the primary market for deck protective layer in the year 2020 and is expected to grow at a CAGR of 5.8% during the forecast period. To take advantage of any sunny day, then a deck is the right choice. Decks are an extension of home and can be made out a variety of materials. Decks are great ways to enjoy the outdoors, entertain and fire a quiet moment to relax. A deck means having a social space, a focal point for the backyard where one can spend relaxation time. A deck is a great space for any accessories one may want in their yard, like outdoor tables and chairs, plants, lanterns, and more. According to the “United States Census Bureau”, as compared to the month of February 2020, there is an increase in 5% of new privately-owned housing units completed in USA in the year of 2021. Hence with the increasing residential construction, the deck protective layer market is expected to grow.
Deck Protective Layer Market Segment Analysis – By Geography
Europe has dominated the deck protective layer market in the year 2020 and is expected to grow at a CAGR of 5.2% during the forecast period. There is also a tradition of construction in Europe which involves masonry, and which goes back several hundred (even thousands) of years. Due to the cold climate and higher purchasing power of the people in Europe, people often like to buy or construct wooden houses. Whereas the rich forests of Europe drive the market demand for wooden houses in this region. U.K is the one the largest market for the wooden houses in this region and with the increasing demand for wooden housed the demand for deck protective layer will also grow. However, according to “European Union Open Data Portal ”, the share of residential construction share in GDP has increased by 0.4% between 2016 to 2019, reaching 4.9%. So, the increasing spending towards residential construction will drive the market growth for deck protective layer.
Deck Protective Layer Market Drivers
Boosts the Value of Houses
In a manner to boost the value of house and to make it look royal, people generally look, a deck as a great option. In-fact installing a deck can increase the value of a home by more than to add another bathroom or living room. Additionally, decks are normally much more inexpensive to add to your home than these other home renovations. many homebuyers prefer homes with decks in the backyard, especially if the deck was professionally designed. These businesses minded thinking is driving the market growth for deck protective layers market.
Increases Square Footage and can be used for various other uses
Another reason why decks are so popular is that they can increase the square footage of houses. During the warmer months, a deck can essentially extend the usable space of home for activities such as eating, relaxing, and cooking on the grill. When you add patio furniture, bird feeders, and potted plants, decks also provide a place to enjoy nature on your property. Most decks have usable space underneath them as well. This area is an ideal place to store outdoor equipment that may otherwise clutter your yard or garage.
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Deck Protective Layer Market Challenges
Stringent Government regulations
When it comes to deforestation – either stopping it or encouraging it – a country’s laws and policies can make a great difference. But no country has just one policy that shapes all outcomes, nor one single authority that controls all sectors. Rather, the laws influencing how land and forests are used (or abused), and the lines of authority that govern them, form a complex, tortuous web where the threads themselves are often unclear. So, government regulations regarding the deforestation will hamper the overall market growth for deck protective layer market because policies regarding deforestation will decline the construction of wooden houses.
Deck Protective Layer Market Landscape
Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Deck protective layer market. Major players in the deck protective layer market are A. Kahne Bootsausstatter, Bellotti Spa, Casa Mare, Directeck, Eurodesign, Ginnacle Import/Export Pte, Gisatex Gmbh Co. Kg, King Plastic, M.M. Srl, Mar Quipt, among others.
Key Takeaways
Europe has dominated the deck protective layer market owing to increasing demand from applications such as residential and commercial construction.
The growing demand for deck protection in the construction industry is likely to aid in the market growth of deck protective layer market.
Growing public interest towards wooden houses in cold areas or for resorts will further enhance the overall market demand for deck protective layer during the forecast period.
Stringent government regulations regarding deforestation will create hurdles for the construction of wooden houses, hence the deck protective layer market has declined.
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