Vinyl-Based Plastic Fencing Market to record commendable proceeds over 2017-2024, rising product innovations to boost the industry growth
Publisher : Fractovia | Published Date : 2018-03-23Request Sample
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.
U.S. Plastic Fencing Market, By End-Use, 2016 & 2024, (Million Linear Feet)
An overview of how vinyl has emerged to be the go-to material for plastic fencing market players
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.
Given the vast expanse of benefits that vinyl exhibits, most consumers have been giving preference to this material in construction projects and renovation activities, thereby propelling vinyl-based plastic fencing market. In fact, as per estimates, plastic fencing industry size from vinyl is anticipated to register a CAGR of 6% over 2017-2024.
Considering the increasing demand for vinyl fences, one of the giants in plastic fencing market and renowned vinyl based product manufacturer, National Vinyl Products (NVP), recently decided to double its fence making capacity with an upgraded product offering. Currently, NVP is mainly focusing on business expansion across North America. For the record, it has invested USD 7 million in its production facility located in Nephi.
The rising number of construction activities across the globe have had a tremendous influence on plastic fencing market trends. In order to protect trees beside construction sites, builders have been increasingly constructing strong fences around trees. Additionally, product reusability and recyclability is being prioritized in recent times, which would immensely benefit plastic fencing market expansion, since recycled plastic is being prominently used for fence manufacturing.
Most of the companies partaking in plastic fencing market share have been looking forward to adopting a customer-focused approach. Additionally, organizations aim to acquire rival firms and involve themselves in supply agreements so as to improve their standing in plastic fencing market. Say for instance, in 2017, CertainTeed Corporation purchased the leading manufacturer of HDPE fences, SimTekTM, with an aim to successfully take its R&D, marketing, and manufacturing capabilities to next level. Speaking along similar lines, other well-known players in plastic fencing market are Veka, Pexco LLC, Tenax Corporation, Fogarty PVC, Weatherables, ITOCHU Corporation, Durafence, Seven Trust, Associated Materials, LLC., Planet Polynet, Walpole Outdoors.
Fences are surprisingly expensive, especially when taking into consideration the costs of labor and material. In consequence, most of the biggies in plastic fencing industry, with the intention of cost efficiency, are focusing on the development of high strength materials that are relatively less expensive. In addition, fence manufacturers have also been directly supplying products to consumers to minimize handling costs – this strategy in fact, would even increase customer-producer interaction, which would eventually have a significant impact on plastic fencing industry growth. Alleviated with the notion of increased security, coupled with the robust transformation in the global construction space, plastic fencing market is certain to chart out a lucrative growth path in the ensuing years.
