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By 2024, Plastic Fencing Market is likely to Receive Massive Momentum via Increasing infrastructure Projects

Author : Rahul Varpe | Published Date : 2019-11-14 

Plastic Fencing Market study added by Global Market Insights provides an in-depth analysis pertaining to potential drivers fueling this industry. The study also encompasses valuable insights about profitability prospects, market size, growth dynamics, and revenue estimation of the business vertical. The study further draws attention to the competitive backdrop of renowned market contenders including their product offerings and business strategies.

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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Plastic fencing market in North America 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.

Global Plastic Fencing Market, By Application

  • Privacy fencing
  • Temporary fencing
  • Boundary fencing
  • Pool fencing
  • Others (Snow, decorative & acoustic fencing)

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.

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Global Plastic Fencing Market, By End-Use

  • Residential
  • Agriculture
  • Commercial & industrial

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 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.

Related News: https://www.marketwatch.com/press-release/commercial-refrigeration-equipment-market-2019-global-industry-demand-analysis-by-growth-and-share-estimation-to-2024-2019-11-14

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.

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About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid reader, his other hobbies include music and sketching. He can be contacted at- [email protected] | https://twitter.com/varperahul

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