Building & Construction Fasteners Market by Product, by Distribution Channel, by End-User and Geography — Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2019–2026

Global Building & Construction Plastic Fasteners Market USD 470.2 million by 2025, growing CAGR of 5.0% during the forecast period 2020–2026. The key factors propelling the market growth are increasing demand for plastic rivets, cable ties, and grommets owing to their light weight and corrosion resistance property, coupled with increase in cable management applications.

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The boom in plastic industry propels the demand for plastic fasteners all across the global market. Basically, a fastener is not only important to enhance functionality in the product, but also to strengthen the reusability. Quite a number of manufacturers are engaged in designing novel products. As an instance, some fasteners are easily detachable on disassembling while some enable product upgrade and recycled at the end. The use of plastic fasteners thus displays a modern approach that helps in replacing the traditional methods for joining the parts. In the long term, plastic fasteners have strengthened their market presence resulting as an optimum resource and assuring environment stability.

Commercially, a fastener selection depends on intentional use and functional characteristics. Plastic fasteners have made their way offering durability, effective maintenance and low manufacturing costs. Hence, as a product, plastic fasteners have a high competitive edge in the marketplace. Modern approach used while manufacturing a plastic fastener results in high safety of workers and low exposure to fumes and hazardous material. Therefore, the design and selection for a fastener can be contemplated from a commercial aspect.

Building & Construction Fasteners Market Trends, Drivers and Opportunities:

The building and construction fasteners market is significantly driven by significant investments made by plastic manufacturers and a wide presence of several players. Presence of SMEs and product portfolio is more likely to enhance the market growth throughout the forecast period. Manufacturer emphasis on strengthening the value in supply chain for plastic fasteners is more likely to spur the market demand. Secondarily, growing population dwelling in cities and rural areas are some of the factors that shape up as demand for the product. Plastic fasteners being a consumer oriented industry offers lucrative growth opportunities in the near future.