Building & Construction Plastic Fasteners Market Size, Share & Industry Analysis, By Application (Mold Remediation, Textile, Food industry, Healthcare & Pharmaceutical, Others) and Regional Forecast, 2024-2032

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. Moreover, 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 components 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.

Market Segmentation:

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 market 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.

Key Players Covered:

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.

Key Insights

• New Advancements in Production Technologies


• Key Trends in the Building & Construction Plastic Fasteners Market


• New Product Launches, Expansions, Key Players


• Ranking of Key Players in the Market

Regional Analysis:

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.

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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.   

Segmentation

Building & Construction Plastic Fasteners Industry Developments

• In January 2020, Stanley Black & Decker, a manufacturer of wide range household and industrial hardware headquartered in the United States, announced that it has entered into definitive agreement for the acquisition of Consolidated Aerospace Manufacturing. With this deal, the company is expanding its footprint in highly valuable aerospace industry.


• In July 2017, NORMA Group SE, a German manufacturer of various joining components including fasteners, purchased 80% stake in Fengfan Fastener Co. Limited, a china based manufacturer of fasteners.