"Innovative Market Solutions to Help Businesses Make Informed Decisions"
Building & construction plastic fasteners are becoming important component for various applications in construction industry. Flexibility, low weight and cheaper price makes plastic fasteners attractive choice in the building & construction industry. Morever, plastic items such as doors, tables and other furniture are increasing their presence and plastic fasteners are found to be more compatible with these items, in terms of protection and weight and pricing.
Plastics componets are rapidly expanding their footprint in the building & construction industry. Various plastics are being adopted in the industry as per pastic properties and required application. Being light in weight, plastics fasteners have healthy demand in building & construction industry in the form of various product type such as cable ties, grommets, rivets, clips and others.
Key Market Driver -
Rising adoption of plastics in building & construction industry is driving the market growth.
Key Market Restraint -
Strong presence of metal and alloy fasteners in the global market confine the market expansion.
However, metal and alloy based fasteners far dominate the market as these are superior in strength and more compatible with non-plastic components and items in the building & construction industry. Moreover, consumers prefer metal or alloy fasteners due to their high reliability and longer lifespan as compared to plastic fasteners which restricts the market growth.
Based on product, the market for building & construction plastic fasteners is further segmented into cable ties, rivets, clips, and others. On the basis of sales channel, the maket is classified into OEM and aftermarket. Based on applications, the market is segmented as industrial, residential, and commercial.
From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
The global building & construction plastic fasteners market is highly fragmented, with number of small and large key players operating in the global & regional markets. Some of the key players in the building & construction plastic fasteners market includes, Bocast Fastener Co., Ltd., Illinois Tool Works (ITW), Nippon Industrial Fasteners Company, ATF Inc, Stanley Black & Decker, Inc., MW Industries, Inc., Penn Engineering, Bossard Group, ARaymond, AVERY DENNISON CORPORATION, Fengfan Fastener Co. Limited, and others.
The building & construction plastic fasteners market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America dominates the building & construction plastic fasteners market due to high penetration and demand in the region. The resurgent building & construction industry in the region is expected to support the steady growth of market in the region over the forecast period. Europe region is expected to witness moderatye growth in the upcoming years on the back of increased renovation activities and rising adoption of plastics in the building and construction industry. Western countries such as Germany, UK, France and others lead the market in the region.
To gain extensive insights into the market, Request for Customization
Asia-Pacific is anticipated to be fastest growing region in the market over the forecast period on the back of rapidly developing economies such as India and China. Relatively developed countries such as South Korea and Japan are likely to witness slow growth in the market due to stangnancy in the building & construction industry. GCC countries along with Turkey and south africa lead the market in Middle East & africa region. The political and economic instability coupled with civilian crises suppress the market growth in the region. However, with the improvements in situation, the market may witness moderate growth over mid and long term forecast. Latin America is also expected to witness moderate growth over the foreseeable period on the back of developments in Mexico and Brazil.
“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”- One of the Leading Food Companies in Germany
“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”- Intuitive Surgical
“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”- Major Food Company in Japan
“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”- Ziering Medical
“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”- Major Manufacturer of Precision Machine Parts in India
“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”- Hewlett-Packard
“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”- Global Management Consulting Firm
“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”- UK-based Start-up in the Medical Devices Sector
“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”- One of the Largest Companies in the Defence Industry