Press release
Plastic Fencing Market Report 2024 By Top Players Pexco, CertainTeed Corporation, Associated Materials, Westlake Chemical, VEKA.
Plastic Fencing Market
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.
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Vinyl is highly consumed material in plastic fencing market. The segment already accounts for over 45% of the demand in 2016. Minimum maintenance cost along with higher mechanical properties are key factors fueling segment growth. Shifting trend towards remodelling & renovation particularly in residential sector remains the key factor driving industry growth.
Picket fence accounted for 40% of the industry share in 2016. Increasing customer’s interest toward outdoor enhancement and home decor will generate substantial gains over the forecast timespan. These fences are a decorative way to keep children and pets inside the boundary without obstructing outside view.
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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Temporary fencing is gaining market popularity due to large usage in military facility, wild parks, and aquatic centers. Made from robust threads of HDPE and a very exclusive knitting pattern, the product delivers a strong, long-lasting, and user-friendly product segment to the customers.
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.
Global industry 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.
Related News - https://www.marketwatch.com/press-release/plastic-fencing-market-report-2019-24-revenue-growth-forecast-by-product-material-industry-players-2019-05-29
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