The global buildingand 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.
Browse full report by Grand View Research : http://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: http://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
o Clips
o Rivets
o Grommets
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
o U.S.
·
Europe
o Germany
o UK
·
Asia Pacific
o China
o India
o Japan
·
Central & South America
o Brazil
·
Middle East & Africa
View press
release of this research report by Grand View Research: http://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.
No comments:
Post a Comment