San Francisco, 9 January 2019: The Report Buildingand Construction Plastic Fasteners Market Analysis By Product (Cable Ties,
Clips, Rivets, Grommets), By Function, By Distribution Channel, By End-use, And
Segment Forecasts, 2018 - 2025
The global building and construction plastic fasteners market is expected to reach USD 485.3 million by 2025, according
to a new report by Grand View Research, Inc. Growing demand for plastic rivets,
cable ties, and grommets owing to their light weight and corrosion resistance
property is expected to propel growth.
The market is highly fragmented with the
presence of many small and medium manufacturers. The industry players are
expected to compete on the basis of geographical expansion, price, product
quality, and design. These factors are also anticipated to ascend the
competitive rivalry among the players over the next eight years.
North America and Europe witnessed high
product penetration owing to high spending on interiors and wooden structures
in these regions. However, rapid growth of residential, commercial, and
industrial buildings in Asia Pacific and Central & South America is
expected to spur industry growth in these regions over the projected period.
Volatility in raw material prices and
strong foothold of existing players in the market are expected to be the key
factors challenging the entry of new players. However, a high scope for product
development in terms of design and strength is expected to open new avenues for
new players, thereby ascending the threat of new entrants over the forecast
period.
Access Research Report
of Building & Construction Plastic Fasteners Market @ www.grandviewresearch.com/industry-analysis/building-construction-plastic-fasteners-market
Further key findings from the report suggest:
· The market in China was valued at USD 55.5
million in 2016 and is expected to grow at a CAGR of 6.8% owing to high
magnitude of constructional activities in the region
· The economic recovery in European
countries, including Germany, the UK, and Italy, is expected to lead to an
increase in the number of constructional activities, thereby propelling the
product demand
· Asia Pacific is expected to be the fastest
growing region denoting a CAGR of 5.4% from 2017 to 2025, owing to the rapid
growth of end-use sector activities coupled with the growing population in
China, Vietnam, India, and Thailand
· Cable tie fasteners was the dominating
product segment accounting over 45% of the overall market and is expected to
grow at a significant rate owing to their high demand for cable management
applications
· Direct distribution accounted for 80% of
the overall distribution market in 2016 and is expected to grow owing to
increasing number of plastic fastener manufacturers with their own distribution
channel and wide geographic reach
· Investor-friendly policies and surge in
construction activities in Peru, Colombia, and Argentina are expected to drive
the Central & South America market at a CAGR of 5.1% from 2017 to 2025
· Avery Dennison, HellermannTyton, and TR
Fastening are some of the major industry players offering superior design and
customized product solutions
Browse more reports of this category by Grand View
Research at: www.grandviewresearch.com/industry/automotive-and-aerospace-interior-materials
Grand View Research has segmented the
global building and construction plastic fasteners market on the basis of
product, function, distribution channel, application, and region.
Product Outlook (Revenue, USD Million; 2014
- 2025)
·
Cable Ties
·
Others
Function Outlook (Revenue, USD Million; 2014 - 2025)
·
Bonding/Attaching
·
Cable Management
Distribution Outlook (Revenue, USD Million;
2014 - 2025)
·
Direct
·
Third-party
Application Outlook (Revenue, USD Million;
2014 - 2025)
·
Residential
·
Industrial
·
Commercial
Regional Outlook (Revenue, USD Million;
2014 - 2025)
·
North America
·
Europe
·
Asia Pacific
·
Central & South America
·
Middle East & Africa
Access Press Release of
Building & Construction Plastic Fasteners Market@ www.grandviewresearch.com/press-release/global-building-construction-plastic-fasteners-market
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market intelligence
studies ensuring relevant and fact-based research across a range of industries,
from technology to chemicals, materials and healthcare.
