Global Building & Construction Plastic Fasteners Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027
MarketResearch.biz delivers in-depth insights on the global building & construction plastic fasteners market in its upcoming report titled, “Global Building & Construction Plastic Fasteners Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027”. The global building & construction plastic fasteners market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global building & construction plastic fasteners market report has been segmented on the basis of product type, distribution, end use, and region.
Fasteners are hardware device that joins two or more objects together. Fasteners are used to create non-permanent joints, unlike welding without damaging the joining objects. Plastic fasteners are considered for applications by considering environmental, weight, optical, thermal, chemical, and electrical properties of end use. Plastic materials meet broad range of design requirements such as rigidity or flexibility, sealing, strength, chemical and corrosion resistance, heat, electrical properties, toughness, and lightweight. Plastic fastener materials are often less costly than their metal counterparts.
On the basis of product type, cable tie product type segment is expected to account major share in terms of revenue in the global building & construction plastic fasteners market. Properties of plastic cable tie fasteners such as lightweight, compact, and high tensile strength are expected to be major factor driving market growth.
On the basis of end use, commercial buildings are expected to second largest application segment in the terms of revenue in global building & construction plastic fasteners market over the forecast period. Rising investments in commercial constructions, such as hospitals, educational institutes, and hotels are expected to fuel industry growth over the forecast period.
Asia Pacific market is estimated to hold significant revenue share in the global building & construction plastic fasteners market and is expected to maintain its dominance over the forecast period. Improving GDP of major economies in the region such as India, China, and Indonesia is expected to increase demand for construction activities in the region which in turn is estimated to fuel market growth over the forecast period. Asia Pacific accounts for largest revenue share contribution to the global building & construction plastic fasteners market, followed by markets in North America, Europe, Latin America, and Middle East & Africa respectively. Rise in residential and commercial building activities in the region owing to growing population is anticipated to drive market growth over the forecast period. Furthermore, the presence of a large number of manufacturers in the region is anticipated to have a positive impact on market growth over the forecast period.
Market segmentation and key players operating in the global building & construction plastic fasteners market:
By product type:
- Cable ties
- Rivets & Push-in Clips
- Other (Threaded Fasteners, Washers & Spacers, Grommets & Bushings, and Wall Plugs)
- Third party
By end use:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- Stanley Black & Decker, Inc.
- Illinois Tool Works Incorporated (ITW)
- Shamrock International Fasteners
- Avery Dennison Corporation
- Craftech Industries
- Nippon Industrial Fasteners Company
- ARaymond Industrial
- MW Industries, Inc.
- Volt Industrial Plastics
- Nifco Inc.
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