Press release
What’s Driving the Plastic Fencing Market Share? CertainTeed, Pexco, Tenax, Associated Materials, Veka AG
Plastic Fencing Market
With increasing crime rates, particularly in urban regions, technologically advanced plastic fencing such as solar electric fences will witnessed increased installation in commercial and industrial spaces. Moreover, integration with additional security features and devices such as sirens and flood lights will further make these fences more effective.
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The Plastic Fencing Market is set to grow from its current market value of more than USD 3.49 billion to over USD 6.3 billion, as reported in the latest study.
Middle East captured around 6.5% revenue share of the plastic fencing market in 2018. Rising infrastructure development in the region along with rapid urbanization and industrialization is fueling the regional outlook. In addition, driven by a strong economic growth and increasing disposable incomes, a greater number of people are opting for the installation of plastic fencing for security and decorative purposes.
Plastic Fencing Market Growth Drivers: -
1. Strengthening construction industry across the globe
2. Growing demand for eco-friendly composite materials
3. Rising demand for decorative and improved product designs
4. Rising construction activities and awareness for security
5. Growth in remodeling & renovation activities
6. Increasing infrastructure development
Split by application, the plastic fencing market is divided into
1. Privacy Fencing
2. Temporary Fencing
3. Boundary Fencing
4. Pool Fencing
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Split by product type, the plastic fencing market has been divided into
1. Picket Fence
2. Post & Rail Fence
3. Chain Link Fence
4. Gates
Post & rail fence segment accounts for more than 40% revenue share. This can be attributed to growing demand and utilization of fencing for leisure areas including gardens and parks. In addition, post and rail fencing is aesthetic, cost-effective, durable, customizable, and easy to install, which will accelerate the product demand.
The others segment includes electrical fencing and access barriers and will experience a healthy CAGR of more than 6.5% during the analysis period. This can be largely attributed to extensive product application for protection against injuries. Electric fencing can be much cheaper and faster than conventional fences. Widespread use of electric fencing in agricultural applications will bolster the plastic fencing market outlook.
On the basis of material, the plastic fencing market share is segmented into polyethylene, polystyrene, vinyl, and plastic composites. Polyethylene fencing, or recycled plastic fencing, is anticipated to witness increasing adoption in the coming years as it serves as an environmentally-friendly and sustainable option. Mounting environmental concerns will also boost the demand for vinyl and fencings made of plastic composites.
Top Companies operating in plastic fencing market are: -
Tenax, CertainTeed, Durafence, Weatherables, Associated Materials, Fogarty PVC Fencing, ITOCHU Corporation, Pexco, Veka AG, Walpole Outdoors, Hoover Fence, Superior Plastic Products, Seven Trust, Westlake Chemical Corporation, Planet Polynet, Bufftech, Barrette Outdoor Living, Prizm Vinyl Corporation, SCIW Fence Products, Active Yards
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