Plastic
Fencing Market: Changing lifestyles and rapid urbanization remains
key factors supporting the industry demand. Increasing preference towards
private buildings due to shifting trend towards nuclear families will
positively influence product demand. Growth in renovation and remodelling
projects coupled with increasing government investments in public
infrastructure will propel business growth.
Increasing construction spending in residential as
well as commercial infrastructure will propel Plastic Fencing market size. As per analysis, global
residential construction spending is expected to surpass USD 4.5 Trillion by
2024. Rising need for security particularly for residential buildings due to
increasing crime rate will drive industry growth.
Shifting
consumer preference towards sustainable and eco-friendly products will drive Plastic
Fencing market growth. High durability,
minimal maintenance, improved safety along with cost efficiency are among key
properties fuelling product penetration. Technological advancements and product
innovations including composite materials has enhanced industry demand.
Vinyl is expected to witness growth over 6% up to 2024. Increasing consumer awareness regarding benefits of vinyl over other fence material including high strength, resistance against harsh climatic conditions along with cost efficiency has enhanced product demand. Growth in new construction projects along with residential renovations will propel industry size. Increasing government investments in public infrastructure to provide security and safety will further drive Plastic Fencing market share.
Vinyl is expected to witness growth over 6% up to 2024. Increasing consumer awareness regarding benefits of vinyl over other fence material including high strength, resistance against harsh climatic conditions along with cost efficiency has enhanced product demand. Growth in new construction projects along with residential renovations will propel industry size. Increasing government investments in public infrastructure to provide security and safety will further drive Plastic Fencing market share.
Superior resistance from corrosion, pests and
decay along with excellent weather stability properties will stimulate industry
growth. Maintenance free properties in extreme climatic conditions accompanied
by enhanced protection from rotting as compared to wood will drive Plastic
Fencing demand. However, larger consumer base for metal and wood fence due to
its traditional and classic look representing urban lifestyles may restrain the
industry growth.
Browse
key industry insights spread across 350 pages with 323 market data tables &
12 figures & charts from the report, “Global Plastic Fencing Market Size By Material (Polyethylene/ HDPE,
Plastic Composites, Vinyl), By Product (Picket Fence, Post & Rail Fence,
Chain Link Fence, Gates), By Application (Privacy, Temporary, Boundary, Pool),
By End-Use (Residential, Agriculture, Commercial & Industrial), Regional
Outlook (U.S., Canada, Germany, UK, France, Italy, Spain, Russia, Netherlands,
Poland, China, India, Japan, South Korea, Australia, Indonesia, Vietnam, Brazil,
Mexico, Argentina, Colombia, Saudi Arabia, UAE, South Africa), Growth
Potential, Price Trend, Competitive Market Share & Forecast, 2017 – 2024”
in detail along with the table of contents:
Picket fence accounted for more
than 45% of global Plastic Fencing market in 2016. Shifting trend towards
backyard décor enhancement due to changing lifestyles will fuel picket Plastic
Fencing demand. Efficient safeguard for children and pets without obstructing
views are among key factors driving product demand. Rising demand for garden
spaces in both residential and commercial buildings has stimulated product
penetration.
Temporary fencing is anticipated
to depict CAGR over 5.5% up to 2024. Rising demand for temporary barriers in
construction and industrial projects will support industry demand. Strong
outlook in military facilities, airfields, wildlife parks, aquatic centres and
industrial plants has enhanced product penetration. Heavy R&D investments
and product innovations including reflective temporary barriers will propel Plastic
Fencing market size.
Agriculture sector in Plastic
Fencing market is expected to generate more than 100 million linear feet by
2024. Enhanced safety & protection of farms and livestock are among key
factors driving the industry growth. Increasing product usage in
agri-horticulture farms, aqua farms, and animal research stations will support
product demand. Inclination towards vinyl and HDPE fence material due to its
superior properties over conventional metal and wood material will fuel
business growth.
Asia Pacific Plastic Fencing market was worth over USD 600 Million in
2016. Increasing consumer spending on safety products along with overall growth
in income levels will propel industry demand. Favourable socio-economic factors
along with abundant availability of raw material has stimulated the regional
demand.
Tenax Corporation, CertainTeed,
Durafence, Pexco, Vega, Associated Materials and Wetherables are among major
industry players in Plastic Fencing market. Global industry share is highly
fragmented owing to presence of large number of local as well as international
participants. Moreover, growing competition between new entrants and existing
players has enhanced product innovations and portfolio expansion.
On the basis
of geography, Asia Pacific, led by China and India, is likely to hold a
significant share in the global Plastic Fencing market in past years and is
likely to expand it by 2024 at the fastest rate. Europe and North America will
have a collective market size of over USD 10 billion by 2024 accounting for
around a quarter of the overall monoethylene market.
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