Plastic Fencing Market: Addressing Safety and Security Concerns for Consumers

 The global plastic fencing market size is expected to reach USD 6.14 billion by 2027, escalating at a CAGR of 4.9%, according to a new report by Grand View Research, Inc. Ease in the production and installation of plastic fencing drives its demand across residential, commercial, industrial, and agriculture sectors.

The rising number of remodeling and renovation projects in the residential and commercial sectors is projected to boost product demand. In addition, technological innovations and advancements in the production process are anticipated to propel product demand. Rising security and safety concerns are also projected to boost product demand over the coming years.

Increasing spending on infrastructure development coupled with the expansion of the construction industry across the globe is likely to propel product demand over the forecast period. Furthermore, the superior properties of plastic fences, such as waterproofing and resistance to corrosion & decay, are projected to stimulate its demand, thereby driving the market growth.

Gather more insights about the market drivers, restrains and growth of the Global Plastic Fencing Market

Volatile raw material prices are anticipated to restrict the demand for plastic fencing over the forecast period. However, the superior mechanical properties including weather resistance and resistance to scratch and wear, coupled with low maintenance costs are likely to benefit the market growth over the forecast period.

Plastic Fencing Market Report Highlights

  • The vinyl material segment accounted for the largest market share of 52.7% in 2019 and is projected to expand at a steady CAGR from 2020 to 2027 owing to the superior mechanical properties of vinyl
  • The picket fence was the largest product segment and accounted for 33.6% of the global share in 2019. The segment is estimated to expand further at the fastest CAGR over the forecast period
  • Increasing DIY activities and low cost of production and installation of picket fence are projected to promote the segment growth from 2020 to 2027
  • Temporary fencing is projected to gain traction due to its rising demand in outdoor locations to provide safety and security. The segment is anticipated to grow at a CAGR of 5.2% from 2020 to 2027
  • The residential end-user segment led the market in 2019 and is anticipated to register the fastest CAGR of 5.2% from 2020 to 2027
  • Asia Pacific is projected to be the fastest-growing regional market from 2020 to 2027 owing to the rapidly growing construction industry in emerging economies like China and India

Regional Insights

North America dominated the market and accounted for the largest share of 34% in 2019 owing to the enhanced portfolio offered by the companies. In addition, regulations about the fencing installation around the poolside for safety purposes is projected to benefit the industry growth over the forecast period.

The presence of multiple manufacturers in Europe has resulted in a significant market share of the region. In addition, the industry players are collaborating with distributors to serve the larger customer base. In addition, rising demand for privacy fencing to improve the aesthetics of the house is likely to boost the market growth.

Asia Pacific is anticipated to register the fastest CAGR from 2020 to 2027 owing to the evolving agricultural sector in emerging economies such as India and China. Furthermore, rapid urbanization coupled with increased expenditure on institutional construction in India is expected to drive the regional market over the forecast period.

Key Companies & Market Share Insights

The market is highly competitive and is dominated by a large number of local manufacturers catering to the customized needs of the consumers. Ongoing innovations and expanding product portfolios are projected to boost product demand. Most of the companies have undertaken various marketing strategies such as mergers, acquisitions, partnerships, and collaborations, to gain a higher market share.

List of Key Players of Plastic Fencing Market

  • Barrette Outdoor Living
  • CertainTeed
  • Durafence
  • Itochu Corporation
  • Pexco
  • Planet Polynet
  • Seven Trust
  • Superior Plastic Products
  • Tenax
  • Veka AG

Order a free sample PDF of the Plastic Fencing Market Intelligence Study, published by Grand View Research.

Comments

Post a Comment

Popular posts from this blog

Industrial Connectors Market Basis Of Type, Applications, Distribution Channel And Geography 2013-2028

The global Industrial Connectors market was valued at $XX million in 2018, and Radiant Insights, Inc analysts predict the global market size will reach $XX million by the end of 2028, growing at a CAGR of XX% between 2018 and 2028. This report provides detailed historical analysis of global market for Industrial Connectors from 2013-2018, and provides extensive market forecasts from 2019-2028 by region/country and subsectors. It covers the sales volume, price, revenue, gross margin, historical growth and future perspectives in the Industrial Connectors market. Download Free Sample Report @ https://www.radiantinsights.com/research/2013-2028-report-on-global-industrial-connectors-market/request-sample Leading players of Industrial Connectors including: • TE Connectivity • Delphi Connection Systems • Amphenol • Molex • JAE • Sumitomo Wiring Systems • Yazaki • Rosenberger • JST • Hirose Electric • Harting • Phoenix Contact • Dai-ichi Seiko Market split by Type, can be divi...
Read more

Nitrogenous Fertilizer Market Is Projected To Register A CAGR Of 5.7% In Terms Of Revenue From 2022 To 2030

  Nitrogenous Fertilizer Industry Overview The global nitrogenous fertilizer market size was valued at USD 57.2 billion in 2021 and is projected to register a compound annual growth rate (CAGR) of 5.7% in terms of revenue from 2022 to 2030. The growth is attributed to the increasing popularity of agriculture on a commercial level across the world. There has been a rising demand for nitrogenous fertilizers from the agriculture industry for providing appropriate nutrition to the various food crops, thereby improving their yield. Agricultural commodities including vegetables, fruits, cotton, and cereals are crucial areas of application for these fertilizers. The production capacity of the crops is broadly affected by variations in climatic conditions, thereby changing the supply and demand of crops according to different seasons. The fertilizers are crucial ingredients utilized in agricultural practice for enhancing crop growth. A large number of crops cultivated across the world use...
Read more

Analyze the Global Phosgene Market Is Expected to High Growth Rate During 2017-2022

The global market for phosgene (COCl2, CAS 75-44-5) will grow at a CAGR of 4% by 2022, according to a new report published by Radiant Insights, Inc. The report segments the market and forecasts its size, by volume and value, on the basis of application (isocyanates, polycarbonates, fine chemicals, etc.), and by geography (North America, Europe, Asia-Pacific, MEA and South America). The report covers forecast and analysis for the phosgene market on a global and regional level. The study provides historic data of 2012-2016 along with a forecast from 2017 to 2022 based on both output/volume and revenue. The study then describes the drivers and restraints for the phosgene market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the phosgene market on a global level. Download Free Sample Report @ https://www.radiantinsights.com/research/global-phosgene-market-outlook-2017-2022/request-sample ...
Read more