Sellbyville, DE -- (SBWIRE) -- 11/27/2018 -- 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.

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Plastic fencing market is rather competitive and fragmented, and involves the participation of a huge number of regional as well as global players such as CertainTeed, Wetherables, Tenax Corporation, Durafence, Associated Materials and Pexco.

The increasing deployment of fencing across the residential, agricultural, and industrial sectors has been remarkably favoring plastic fencing market expansion. Inherently propelled by the rising demand for security, safety, decoration, and privacy, plastic fencing industry share has been witnessing a massive surge in recent years. Safety in fact, stands as one of the prime factors behind fence installation. Homeowners apparently, are also found to install fences for maintaining privacy.

In addition, many governments have enforced regulatory norms mandating the installation of fences for protection, which are likely to impact plastic fencing market trends over the years ahead. It is also imperative to mention that cost-effectiveness, minimal maintenance, ease of installation, and durability are essentially the major drivers behind the increasing popularity of plastic fences, owing to which plastic fencing market size stood at USD 3 billion in 2016.

Global Plastic Fencing Market, By Material

Polyethylene/ HDPE
Plastic composites
Vinyl
Others (Polystyrene)

Global Plastic Fencing Market, By Product

Picket fence
Post & rail fence
Mesh/ chain link fence
Gates

Global Plastic Fencing Market, By Application

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

Global Plastic Fencing Market, By End-Use

Residential
Agriculture
Commercial & industrial

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Prior to the inception of plastic fencing, maintenance issues related to metal fences ranked high, especially related to the changing weather conditions. It was also found that most fences manufactured from traditional materials underwent aging and rusting post a few years, on the grounds of which the evolution of plastic fencing market actually exists. In order to brainstorm a highly effective replacement for traditional materials, players in plastic fencing industry have been making considerable investments in R&D programs. On that note, it has been observed that currently, vinyl stands as an apt choice for fencing, primarily owing to its capability to withstand harsh weather. That said, the material also possesses a host of other benefits, on the premise of which vinyl-based plastic fencing market has been gaining prominence lately. Mentioned below are some of the advantages this material provides over traditional fencing materials, that has prompted plastic fencing market players to deploy the same in numerous applications.

- Vinyl helps avoid termite infestation, does not get discolored, and requires very little maintenance.

- The material is also renown for the fact that it does not corrode like any other traditional fencing materials and is less prone to denting.

- Vinyl fences are easy to clean with household cleaning materials.

- Vinyl is five times stiff as compared to wood – this indicates lesser investment and more benefits for over a longer period of time.

- It is rust free and does not decompose like wood. In addition, it does not need painting, since the material looks attractive all on its own, without any embellishments.
 
It is rust free and does not decompose like wood. In addition, it does not need painting, since the material looks attractive all on its own, without any embellishments.
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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. Research and development in temporary plastic fencing has led to innovations like reflective temporary barriers that will help in significant growth of 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.