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Building and Construction Plastic Fasteners Market To Reach USD 557.6 Million By 2027 www.reportsanddata.com sales@reportsanddata.com
Market Summary The growing construction industry, along with innovations in the product, is driving the demand for the market. Building and Construction Plastic Fasteners Market Size – USD 377.1 Million in 2019, Market Growth - CAGR of 4.9%, Market Trends – High demand from developing nations.
Our Approach Market Summary The global Building and Construction Plastic Fasteners market is forecast to reach USD 557.6 Million by 2027, according to a new report by Reports and Data. Major manufacturers of the market are making high investments in the product's innovations to developed Plastic Fasteners with corrosion resistance and superior strength properties. Increasing demand is also being witnessed by many end-use industries. These factors are fostering market growth. A high growth rate of the construction industry, especially in the developing countries, where there is growing industrialization and urbanization due to increasing disposable incomes, is leading to an increased demand for Building and Construction Plastic Fasteners. Several players present in the industry offer a broad product portfolio, with options of customizing application-based products. This is expected to drive the demand for the market in the forecast period. Fluctuations in raw material prices can hamper the market demand, as many small and medium players, may hesitate to venture into a market with price volatility. There is high competition among existing players in the market. Key participants include Shanghai Fasteners Company, Araymond, Avery Dennison Corporation, Bossard, Penn Engineering, MW Industries, Stanley Black & Decker, ATF, Nippon Industrial Fasteners Company (Nifco), and Illinois Tool Works Incorporated (ITW), among others. To Request for a PDF Sample, Click Here: - https://www.reportsanddata.com/sample-enquiry-form/3223
Our Approach Market Summary Product Outlook (Revenue, USD Million; 2017-2027) Cable Ties Clips Rivets Grommets Function Outlook (Revenue, USD Million; 2017-2027) Attaching/Bonding Cable Management End-Use Outlook (Revenue, USD Million; 2017-2027) Residential Industrial Commercial Grab Your Report at an Impressive Discount! Please Click Here @ https://www.reportsanddata.com/discount-enquiry-form/3223
Our Approach Market Summary Further key findings from the report suggest Rivets are forecasted to grow at a CAGR of 4.9% in the forecast period. Rivets find applications in areas where there is a difficulty encountered in accessing the real side of structures, such as ceilings and walls. These are also used in hanger straps, wind guards, and window blinds. These offer benefits, such as low cost and easy installation, driving the demand for them. Attaching/Bonding Function occupied 35.7% of the market share in 2019. This is due to the increasing use of plastic fasteners in bonding and attaching applications of wooden products. Plastic Grommets are the primary product used in this segment. The industrial segment occupied the lowest market share of 23.3% in 2019, in terms of End-Use. This is primarily because of the low strength offered by the product. Also, the product is not resistant to heat, due to which it can melt in areas of high temperatures, such as chemical industries. The Middle East and Africa occupied 4.5% of the market share in 2019. Increasing growth in the region's tourism sector leads to an increase in construction activities in the region. The Saudi Arabian government recently introduced the White Land Tax initiative to address the housing shortage problem. These factors are driving market growth in the region. Read More @ https://www.reportsanddata.com/report-detail/building-and-construction-plastic-fasteners-market
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