The global Building and Construction Plastic Fasteners Market research report provides complete insights on industry scope, trends, regional estimates, key application, competitive landscape and financial performance of prominent players. It also offers ready data-driven answers to several industry-level questions. This study enables numerous opportunities for the market players to invest in research and development.
Market Overview:
The global Building & Construction Plastic Fasteners Market is estimated to touch US$ 485.3 million by the completion of the year 2025. The Building & Construction Plastic Fasteners industry was appreciated by US$ 320.4 million in the year 2016. Increasing demand for grommets, plastic rivets, and cable ties due to their light weight and possession of confrontation to erosion is likely to boost development of the market.
Key Players:
- Illinois Tool Works Incorporated (ITW)
- Nippon Industrial Fasteners Company (Nifco)
- ATF
- Stanley Black & Decker
- MW Industries
- Penn Engineering
- Bossard
- Avery Dennison Corporation
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Growth Drivers:
Promising demographics, growth in population, and increasing demand for housing constructions in most important markets of Asia Pacific are expected to motivate building manufacturing, thus impacting the market optimistically. It is estimated that the market will develop at a substantial CAGR for the duration of the prediction.
Product Outlook:
- Cable Ties
- Others
- Clips
- Rivets
- Grommets
Function Outlook:
- Bonding/Attaching
- Cable Management
Distribution Outlook:
- Direct
- Third-party
Application Outlook:
- Residential
- Industrial
- Commercial
Regional Outlook:
By the source of geography, the Asia Pacific was the speedily developing market for building and construction plastic fasteners during the year 2016. It is estimated to come up by a CAGR of 5.4% for the duration of the prediction. Issues for example small tariffs of interest and enlightening GDP of most important markets, together with China and India, are likely to increase constructional actions, in that way motivating the demand for the product in the area.
The construction business in North America has observed development due to repossession from the financial downturn, in that way heading to a growth in savings in domestic and non-domestic construction. These issues are likely to increase the construction business, and by this means motivate the market above the following eight years.
The market in the Central & South America is likely to advance at a CAGR of 5.1% for the duration of prediction. This will happen due to the growth in construction of domestic and commercial building in Brazil, Peru, Venezuela, and Argentina.
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