Building & Construction Plastic Fasteners Market Expected High Growth by 2029
The global building & construction plastic fasteners market size is expected to gain momentum during the forecast period. The growing demand for plastic and its by-products and the rising construction industry is attributable to the high adoption of building & construction plastic fasteners across the globe. This information is published by Fortune Business Insights, in its upcoming report
Building & Construction plastic fasteners are one of the vital components adopted across several applications in the construction sector. They include plastic components that use polypropylene and nylon materials that aid in securing pipe fittings and further support the shelf life of the structures. They are used to create joints that can be dismantled or removed without damaging the joining components.
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What does the Report Include?
The global market for building & construction plastic fasteners report includes a detailed assessment of various growth drivers and restraints, opportunities, and challenges that the market will face during the projected horizon. Additionally, the report provides a comprehensive research into the regional developments of the market, affecting its growth during the forecast period. It includes information sourced from the advice of expert professionals from the industry by our research analysts using several methodologies. The competitive landscape offers further detailed insights into strategies such as product launches, partnerships, merger and acquisition, and collaborations adopted by the companies to maintain market stronghold between 2019 and 2026.
Increasing Adoption of Plastic in Construction Activities to Favor Growth
The growing number of smart cities is boosting the growth of the construction sector across the globe. Owing to its properties such as safety, lightweight, and affordability, plastic and its by-products are adopted extensively across the building and construction sector. Additionally, the increasing urbanization and the remarkable technological advancement is propelling the manufacturers to develop advanced building & construction plastic fasteners that will contribute to the growth of the global building & construction plastic fasteners market in the forthcoming years.
Increasing Demand for Constructional Products in North America to Aid Growth
Among all the regions, North America is expected to remain at the forefront and hold the highest position in the global building & construction plastic fasteners market during the forecast period. This dominance is attributable to the increasing demand for construction materials such as building & construction plastic fasteners owing to the major development activities of residential and commercial complexes in the region.
The market in Europe is anticipated to showcase a considerable growth owing to the growing adoption of plastics and the increasing focus on renovation activities that favor the demand for building & construction plastic fasteners in the region between 2019 and 2026.
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Merger and Acquisition by Major Companies to Expand Product Portfolio
The global building & construction plastic fasteners market is fragmented by the presence of major companies such as Nippon, Bocast, and Fengfan, among others. They are focusing on acquiring other companies to develop advanced building & construction plastic fasteners and further expand their product portfolio. The other key players are adopting strategies such as partnership, collaboration, and the introduction of new products to maintain their presence and gain a competitive over their rivals that will favor the market growth.
- January 2020 – Stanley Black & Decker announces the acquisition of Consolidated Aerospace Manufacturing. According to the company, the acquisition is expected to expand its footprint by delivering advanced building & construction plastic fasteners across the aerospace industry.
List of the Companies Operating in the Global Market for Building & Construction Plastic Fasteners:
- 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
- AVERY DENNISON CORPORATION
- Fengfan Fastener Co. Limited
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