Comprehensive Analysis on Plastic Fencing Market | Tenax Corporation, Pexco, Durafence, Weatherables, Veka, CertainTeed
North America Plastic fencing market is accounted for 30% of global market share in 2016. Increasing infrastructure spending in private as well as public construction will drive the regional market growth. U.S. average annual rate of construction spending was around USD 1.2 trillion in 2016. Private construction spending was at annual rate of USD 900 billion in 2016. Strong economic conditions accompanied by developed market are the supporting factors of the U.S. plastic fencing market.
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Increasing construction of new residential houses and commercial spaces are key factors driving plastic fencing market growth. Shifting consumer preference towards lightweight and minimal maintenance fencing will enhance product penetration. Increasing infrastructure projects owing to rapid population growth will further fuel demand.
Global Plastic Fencing Market, By Product:
1. Picket fence
2. Post & rail fence
3. Mesh/ chain link fence
Post & rail market is set to gain over 6% CAGR up to 2024. These are a traditional and attractive style of fences that has been a primary view of the English countryside communities. The product is gaining attention from agriculture sector due growing need to safeguard the farm, livestock, and crops from wild animals.
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Residential sector contributes around 50% of the overall plastic fencing market share in 2016. Increasing consumer preference for small and private housing due to shifting trend towards nuclear family is expected to boost demand from residential sector.
Increasing security concerns among consumers for protection of residentials houses will drive privacy fencing demand. Accelerating residential construction spending is anticipated to favor the overall Plastic Fencing Market growth.
Global plastic fencing market share includes Tenax Corporation, Pexco, Durafence, Weatherables, Veka and Certain Teed other players are Seven Trust, Forgarty PVC, Planet Polynet, Walpole Outdoors and ITOCHU are some of the major manufacturing companies. These companies are anticipated to increase R&D investments and technological innovations to gain competitive advantage.
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