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Plastic Fencing Market Trend to 2024 Outlook Profiling - CertainTeed, Wetherables, Tenax Corporation, Durafence, Associated Materials and Pexco
Market Study Report recently introduced new title on “2017-2024 Global Plastic Fencing Market Report” from its database. The report provides study with in-depth overview, describing about the Product, Industry Scope and elaborates market outlook and status to 2024.The global construction industry is expected to surpass $4.5 trillion by 2024. With increased construction spending and the rising usage of plastics in construction, plastic fencing market is also expected to grow significantly over 2017-2024. Rapidly developing urban expanses and the increasing number of nuclear families have increased the preference for private, luxurious, commercial buildings, spurring plastic fencing market. Consumer preference for cost effective products with high durability and requiring minimal maintenance will also drive the plastic fencing market. With rising government investments in renovation and remodeling, plastic fencing industry is projected to grow at a commendable pace and exceed $6 billion by 2024 in terms of revenue.
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Vinyl is expected to capture 6% of the total plastic fencing market revenue generated by 2024, as consumers are exhibiting increased inclination to use vinyl fencing due to the material's superior strength. Cost efficiency and resistance to harsh climatic conditions has encouraged many new construction projects as well as residential renovation projects to adopt the use of vinyl fencing, thereby enhancing the growth of plastic fencing market. Vinyl fences are also resistant to rotting and pests. The urban preference for the classic look provided by metal and wooden fencing however, can somewhat dampen plastic fencing market growth.
Backyard decor trends have made picket fences very popular, causing picket fencing to account for more the 45% of the plastic fencing market. Picket fences are not only pleasing to the eye but also help in keeping children and pets safe without obstructing the view. Picket fences are becoming especially popular as the demand for garden spaces is increasing in both commercial and residential projects.
Plastic fencing market is rather competitive and fragmented, and involves the participation of a huge number of regional as well as global players such as CertainTeed, Wetherables, Tenax Corporation, Durafence, Associated Materials and Pexco.
The requirement for temporary barriers in industrial and construction projects will spur temporary plastic fencing market size, slated to witness a CAGR of 5.5% over 2017-2024. Temporary fences are used widely in military facilities, wildlife parks, airfields, industrial plants and aquatic centers which will further enhance the plastic fencing market. Research and development in temporary plastic fencing has led to innovations like reflective temporary barriers that will help in significant growth of the plastic fencing market.
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Plastic fencing market share from the agriculture sector is likely to surpass 100 million linear feet by 2024. Safety of livestock and increased use of these fences in agri-horticulture farms, animal research stations and aqua farms will support the growth of agricultural plastic fencing market. Vinyl and HDPE fence materials will find increased preference over wood and metal fences in agricultural plastic fencing due to superior weather resistant properties.
Favorable socio-economic factors coupled with developing construction industry and overall increase of income levels will drive the plastic fencing market in Asia Pacific which had already exhibited commendable potential in 2016.
Complete report for 2017-2024 on Plastic Fencing market is now available at https://www.marketstudyreport.com/reports/plastic-fencing-market
Related Report:
Global Industrial Air Filtration Market 2017 by Manufacturers, Regions, Type and Application, Forecast to 2024
Global Industrial Air Filtration Market research report is added by Market Study report by covering all major market aspects. The report also touches the key scenarios like top players, competition, types, applications, regions, recent developments and future market predictions.
https://www.marketstudyreport.com/reports/industrial-air-filtration-market/?utm_source=RR-openpr&utm_medium=DC
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