Plastic Fencing Market for Post & rails to achieve 6%+ growth over 2017-2024
SELBYVILLE, Del., Aug. 13, 2018 /PRNewswire-iReach/ -- Plastic fencing market has been exhibiting a remarkable growth since the last few years pertaining to the increasing product popularity among the masses, subject to its capability to provide protection and security. Currently, these fences are being massively deployed across major building structures instead of metal fences, primarily on account of the product's weight, high strength, ease of handling, transportation, and installation.
According to a new research report by Global Market Insights, Inc., "plastic fencing market size was USD 3 Billion in 2016 and is estimated to cross 400 Million Linear Feet by 2024, in revenue it will hit USD 6 Billion by 2024"
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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.
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.
Buy this industry insights spread across 350 pages with 323 market data tables & 12 figures & charts from the report, "Global Plastic Fencing Market Size By Material (Polyethylene/ HDPE, Plastic Composites, Vinyl), By Product (Picket Fence, Post & Rail Fence, Chain Link Fence, Gates), By Application (Privacy, Temporary, Boundary, Pool), By End-Use (Residential, Agriculture, Commercial & Industrial), Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Spain, Russia, Netherlands, Poland, China, India, Japan, South Korea, Australia, Indonesia, Vietnam, Brazil, Mexico, Argentina, Colombia, Saudi Arabia, UAE, South Africa), Growth Potential, Price Trend, Competitive Market Share & Forecast, 2017 – 2024" in detail along with the table of contents:
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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.
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.
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The rapidly changing trends in the sports industry would certainly have a commendable impact on the dynamics of plastic fencing market size. Regional governments have been making extensive investments in sports infrastructure developments including Lawn Tennis clubs, car racing clubs, and golf clubs, where protective fencing is being mandated by the concerned authorities.
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About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Media Contact: Jignesh Thakkar, Global Market Insights, Inc., +13028467766, [email protected]
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SOURCE Global Market Insights, Inc.
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