TMR_Research_Reports_2017 Fencing Materials Market Analysis By 2025 | Page 2

Report Description
A fence is an enclosure used for a property or a region. It is a barrier enclosing a border or a field or a yard. A fence is not a wall, as it
does not have a solid foundation along its whole length. It is constructed from posts that are connected by boards, wires, rails, or
netting. A fence is usually constructed to prevent entrance, to confine, or to mark a boundary.
A fence can be made from different materials. Based on material, the fencing materials market can be segmented into metal, wood,
plastic & composite, concrete, and other materials. The metal segment dominates the fencing materials market, as metal fences are
durable and require low maintenance. Ornamental metal fencing is expected to expand at a rapid pace, as increasing number of
consumers believe that these fences enhance the exterior appearance and value of properties. However, chain link fencing is
anticipated to continue to be the major category of metal fencing in terms of demand due to its low cost and durability. Wood and
plastic & composite segments follow the metal segment.
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Plastic & composite is projected to be a rapidly growing segment of the global fencing materials market owing to the durability of the
material and negligible repair and maintenance requirements. Demand for wood fencing is expected to remain higher than that for
plastic and composite fencing during the forecast period, primarily due to its lower cost. The plastic & composite fencing segment is
anticipated to register fast rate of growth in value and volume. Plastics and composites have longer lifespans, are less susceptible to
damage caused by the elements, and offer long-term color consistency.
Increase in adoption of high value fencing materials such as ornamental, metal, and plastic & composite lumber is anticipated to boost
the demand for fencing materials in the near future. The growth of fencing materials market is driven by rising building construction
expenditures. Rise in adoption of high value fencing materials such as ornamental, metal, and plastic and composite lumber will
further boost demand. These materials have the ability to improve the appearance and value of the properties where they are installed.
Based on application, the fencing materials market can be divided into residential, agricultural, and industrial. Residential is the major
application segment of the fencing materials market. The residential segment accounts for the key share of fencing materials market. It
is estimated to outpace the other segments during the forecast period. Increase in construction and remodeling activities is projected to
drive the segment in the next few years. Sustained growth in housing completions and rising expenditure on residential improvement
and repair are likely to boost the demand for fencing materials during the forecast period.
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As consumer confidence continues to grow, an increasing number of homeowners is expected to undertake home improvement