Building And Construction Plastic Fasteners Market - Forecast(2022 - 2027)

Report Code: CMR 24522 Report Format: PDF + Excel

Building and Construction Plastic Fasteners Market Overview

Building and Construction Plastic Fasteners Market size is forecast to reach $510.3 million by 2026, after growing at a CAGR of 5.2% during 2021-2026. Plastic fasteners are produced from plastics polymers such as nylon, PVC, polypropylene, and others, commonly used in the construction industry. Whereas, the growing building and construction activities in the Middle East region are driving the market growth. Furthermore, the increasing trend for wooden flooring in China is also propelling market growth. These fasteners like Flange nuts, Cable ties, Push-in clips, and Wall plugs are used to keep the flooring intact. Moreover, the rapid growth in investment in green building is driving the demand for the construction industry, which in turn propels the Building and Construction Plastic Fasteners Market share. Furthermore, various government policies to promote affordable housing especially in India and China are also contributing to the growth of this market.

COVID-19 Impact

The growing pandemic situation has led to the weakening demand for Plastic Fasteners due to a sharp decline in Building and Construction activities. The global construction sector was halted due to supply chain disruption such as shortage of subcontractors, workers & materials, and contractors canceling contracts due to lack of funds. Moreover, in the long run, smaller contractors and builders will run out of funds and close down their business. Which will further deter the market for Building and Construction Plastic Fasteners market growth.

Report Coverage

The report: “Building and Construction Plastic Fasteners Market – Forecast (2021-2026)”, by IndustryARC, covers an in-depth analysis of the following segments of the Building and Construction Plastic Fasteners Industry.
By Material: Thermoplastic (Polyethylene, Polycarbonate, Nylon, Polypropylene (PP). Polyvinyl chloride (PVC), and others), Thermoset, and Others.
By Type: Threaded Plastic Fasteners (Screws, Thread Rods, Bolts & Nuts, and Studs) and Non-Threaded Plastic Fasteners (Rivets, Washers & Pin Fasteners, Wire Bundlers & Ties, Grommets, and Snap Inserts).
By Manufacturing Process: Injection Molding, Plastic Extrusion, 3D Printing, and Blow Molding.
By Application: Wall Construction, Flooring, Roofing, Insulation, Piping, Cable Wiring & Installation, and others.
By Industry Verticals: Residential Buildings (Individual Houses & Private Dwelling, Dormitories, Apartments, and Others), Commercial Buildings (Offices, Hospitals, Educational Institutions, Hotels/Hospitality, Ware Houses, Factories, Service Station, Shopping Complex & Malls and Others), and Others.
By Geography: North America (USA, Canada, and Mexico), Europe (UK, Germany, Italy, France, Spain, Netherlands, Russia, Belgium, and Rest of Europe), Asia Pacific (China, Japan, India, South Korea, Australia & New Zealand, Indonesia, Taiwan, Malaysia, and Rest of Asia Pacific), South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), and RoW (Middle East and Africa).

Key Take away

  • North America region is projected to witness significant growth due to rise in investments in residential and non-residential construction especially in the United States.
  • COVID-19 has impacted the global end-use industry that further hamper the growth of Building and Construction Plastic Fasteners market.
  • Fluctuating raw material prices, and huge presence of metal fasteners in the market is hindering the markets growth.


Figure: APAC Building and Construction Plastic Fasteners Market Revenue, 2020-2026 (US$ Million)

Building and Construction Plastic Fasteners Market Revenue
For More Details on This Report - Request for Sample

Building and Construction Plastic Fasteners Market Segment Analysis - By Material

Thermoplastic segment held the largest share of more than 40% in the Building and Construction Plastic Fasteners Market in 2020. Thermoplastic materials such as polyethylene, polycarbonate, nylon and polypropylene are widely used in the manufacturing of plastic fasteners like Flange nuts, Cable ties, Push-in clips, and Wall plugs are used across various construction applications. The fasteners of thermoplastic material offer high strength, lightweight, can be easily molded & recycled, relatively low processing cost, and have resistance against chemical & impact. Moreover, the thermoplastic materials also provide excellent corrosion resistance, electrical insulation, fatigue, and creep properties to the fasteners, which are used in building electrical work and roofing. Therefore, the superior properties of thermoplastic material and growing building and construction activities across the emerging country like China, India, Brazil, and Argentina is driving the market growth.

Building and Construction Plastic Fasteners Market Segment Analysis - By Type

Non-Threaded Plastic Fasteners segment held the largest share of more than 45% in the Building and Construction Plastic Fasteners Market in 2020. Non-Threaded Plastic Fasteners such as rivets, washers, clips, wire bundlers & ties, and grommets are widely used across various building and construction applications. For instance, wire bundlers & Ties are used in cable management due to their compact size, lightweight, and high strength. A non-threaded plastic fastener like rivets has advantages over threaded bolts, as they do not loosen up when subjected to vibration and secures joints with short clamp length. Due to this property the non-threaded plastic fasteners such as grommets & rivets are used to support ducts, protect wires from sharp steel edges and window blinds. Therefore, due to the wide application and advantages over threaded fasteners, there is a high demand for Non-Threaded plastic fasteners in the construction sector.

Building and Construction Plastic Fasteners Market Segment Analysis - By Manufacturing Process

Injection molding segment held the largest share of more than 25% in the Building and Construction Plastic Fasteners Market in 2020. Plastic injection molding is the most common method of manufacturing plastic fasteners like Flange nuts, Cable ties, Push-in clips, and Wall plugs. In this process, melted plastic is injected into a specific mold. Then the plastic cools in the mold, hardens, and takes the shape of the mold. Moreover, this process enhances the strength of the final product, helps in achieving faster production, and reduces the wastage of raw material. Furthermore, this process is very cost-effective, which helps in bringing down the overall cost of the final product and also enables to manufacture of extremely complex parts such as screws, thread rods, and rivets which are commonly used in building construction. Therefore, due to the properties and advantages, injection moldings are widely used in manufacturing plastic fasteners.

Building and Construction Plastic Fasteners Market Segment Analysis - By Application

Flooring segment held the largest share of more than 30% in the Building and Construction Plastic Fasteners Market in 2020. Plastic Fasteners are widely used to secure flooring and keep the floor intact. Even though metal nails are cheap to lay down the flooring layer but they can cause squeaking over a period of time due to corrosion. But with the help of plastic fasteners, one can avoid this problem due to their unique design and corrosive resistant properties. The plastic fasteners also work for different kind of wooden floorings such as solid, engineered, and some bamboo wood floors. Moreover, plastic fasteners are also used in vinyl and laminate flooring. Therefore, an increase in the use of wooden flooring in the construction industry will drive the demand for plastic fasteners. For instance, as per the Direct China Chamber of Commerce (DCCC) report in 2019, China revenue in the wood flooring segment was $13,629m in 2019 and the market is expected to grow at a CAGR of 8.2% from 2019-2023.

Building and Construction Plastic Fasteners Market Segment Analysis - By Industry Vertical

Residential Building segment is projected to witness the highest growth of 6.7% in the Building and Construction Plastic Fasteners Market during the forecast period. This can be attributed to the developing construction sector in developing economies such as China and India along with changing individual life style. Moreover, the introduction of flagship program by the Government of India Such as “Smart Cities and Housing for All” is also driving the growth of residential buildings in the region, which in turn also contributes to the market growth. For instance, as per the Indian Brand Equity Foundation (IBEF) report in 2020, in India, housing sales reached 2.61 lakh units in 2019 across major cities. Moreover, the Indian Government has created an Affordable Housing Fund (AHF) in the National Housing Bank (NHB) with an initial corpus of Rs 10,000 crore (US$ 1.43 billion) to promote the housing sector in the country.

Building and Construction Plastic Fasteners Market Segment Analysis- By Geography

Asia-Pacific segment is projected to witness the highest CARG of 7.5 % in the Building and Construction Plastic Fasteners Market during the forecast period. China and India are the major emerging countries driving the growth of this market in APAC. Developing economic condition and urbanization is boosting the demand for construction activities in the region. Plastic fasteners like Flange nuts, Cable ties, Push-in clips, and Wall plugs are used in flooring, roof, and pipe fitting of buildings. Therefore, an increase in construction activities in the region will drive the demand for plastic fasteners in the region. Furthermore, growing investment in the construction sector in the region is also contributing to the growth. As per National Investment Promotion & Facilitation Agency, the Indian construction industry is growing at a CAGR of 15.7% to reach $738 billion by 2022. Such growth will drive the demand for plastic fasteners in the APAC region.

Building and Construction Plastic Fasteners Market Drivers

Superior Properties over Metal Fasteners

One of the major factors that drive the market growth are the superior properties of plastic fasteners over traditional metal fasteners. Typically, metal fasteners corrode and develop rust over time, especially when exposed to moisture or salty conditions. And corrosion can lead to degradation. Unlike metal fasteners, plastic fasteners do not corrode as they are made from a thermoplastic material such as Polyvinyl chloride, Polypropylene, and Nylon. These plastics do not absorb water and are resistant to corrosive substances. Moreover, plastic fasteners do not conduct electricity, which makes them an ideal choice to be used in the electrification of buildings or structures. Furthermore, plastic fasteners are relatively cheaper than metal fasteners that help in decreasing the overall product cost, which is beneficial for the end-users. Therefore, the above properties are driving the demand for plastic fasteners.

Increasing Construction Activities in the Middle East Region

The growth of construction industry in the Middle East region especially in the United Arab Emirates, Qatar, and Saudi Arabia drive the market growth. Whereas, depletion of oil & gas resources in the region has forced the governments to shift focus and dependence from oil & gas to others industry including the building and the construction sector, which is driving the market growth. For Instance, as per the Association of Chartered Certified Accountants (ACCA) report in 2019, the United Arab Emirates (UAE) is aiming to reduce the hydrocarbon sector share in GDP from 30% in 2020 to 20% by 2021. Moreover, the introduction of several construction project by the Saudi Arabia Administration such as Qiddiya Entertainment city, Amaala project, Al Widyan, and Jabal Omar are also contributing towards the growth of the construction industry in the region. Additionally, as per BNC Network, a private company, UAE invested a total of $53.8 billion in the construction industry in 2019, which rose by $1.2 billion in 2020 to reach $55 billion. Therefore, an increase in investment in the construction sector will further drive market growth. 

Building and Construction Plastic Fasteners Market Challenges

Price Volatile and Availability of Metal Fasteners

The plastic fasteners are made of materials like nylon, polypropylene, polyethylene, and others, which are crude oil-based products. Therefore, any fluctuation in crude oil prices will adversely affect the price of this material, which will further deter the market's growth. For instance, as per Macro Trends data, the crude oil prices were highly volatile for November 2006 – September 2018, and were ranging from as high as $166.46 per/barrel to $37.02 per/barrel. Such fluctuation in crude oil prices will deter the growth of the market. Moreover, the fasteners markets are already filled with the strong presence of metal and alloy fasteners such as stainless-steel fasteners, aluminum fasteners, brass fasteners, and silicon bronze fasteners and these metal fasteners are already being widely used in building & construction for decades now. Therefore, the growth of plastic fasteners is quite challenging in the building & construction market.

Building and Construction Plastic Fasteners Market Landscape

Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the Building and Construction Plastic Fasteners Market report. Major players in the Building and Construction Plastic Fasteners Market are Stanley Black & Decker, Inc., MW Industries, Inc., Bossard Group., Avery Dennison Corp., Ford Fasteners, Inc., XL Screw Corp., Aetna Screw Products Co., Nifco Inc., ATF Inc., Volt Industrial Plastics, Emkay Industries, KBK Plascon Pvt Ltd., and others.

Acquisitions/Technology Launches

  • In December 2020, Bossard Group, acquired MultiMaterial-Welding GmbH. With this acquisition, Bossard has expanded its lightweight fastening portfolio, and also consolidate its position as an innovator in fastening technology, which further drives the market growth.
  • In May 2019, Stanley Black & Decker, Inc., was expanded its manufacturing operation in Texas. This new plant manufactures a wide range of CRAFTSMAN mechanics tools, including sockets, ratchets, wrenches, and general sets. With this new launch, Stanley & Decker, will expand its manufacturing footprint in the USA, which will further drive the growth of the market.

Relevant Reports

Report Code: CMR 53208

Report Code: CMR 52599

For more Chemicals and Materials related reports, please click here

1.Building and Construction Plastic Fasteners Market- Market Overview
    1.1. Definitions and Scope
2. Building and Construction Plastic Fasteners Market - Executive Summary
    2.1. Key Trends by Material
    2.2. Key Trends by Type
    2.3. Key Trends by Manufacturing Process
    2.4. Key Trends by Application
    2.5. Key Trends by Industry Vertical
    2.6. Key trends by Geography
3. Building and Construction Plastic Fasteners Market – Comparative analysis
    3.1 Comparative Analysis
        3.1.1. Market Share Analysis- Major Companies
        3.1.2. Company Benchmarking- Major Companies
        3.1.3. Major 5 Financials Analysis
        3.1.4. Patent Analysis- Major Companies
        3.1.5. Pricing Analysis (ASP’s Will Be Provided)
4. Building and Construction Plastic Fasteners Market - Startup companies Scenario Premium Premium
    4.1. Major startup company Analysis
        4.1.1. Investment
        4.1.2. Revenue
        4.1.3. Product Portfolio
        4.1.4. Venture Capital and Funding Scenario
5. Building and Construction Plastic Fasteners Market – Industry Market Entry Scenario Premium Premium
    5.1. Regulatory Framework Overview
    5.2. New Business and Ease of Doing business index
    5.3. Successful venture profiles
    5.4. Customer Analysis – Major companies
6. Building and Construction Plastic Fasteners Market - Market Forces
    6.1. Market Drivers
    6.2. Market Constraints
    6.3. Porters five force model
        6.3.1. Bargaining power of suppliers
        6.3.2. Bargaining powers of customers
        6.3.3. Threat of new entrants
        6.3.4. Competitive Rivalry
        6.3.5. Threat of substitutes
7. Building and Construction Plastic Fasteners Market – Strategic Analysis
    7.1. Value Chain Analysis
    7.2. Opportunity Analysis
    7.3. Product Life Cycle
    7.4. Distributor Analysis- Major Company 
8. Building and Construction Plastic Fasteners Market – By Material (Market Size -US$ Million/Billion)
    8.1. Thermoplastic
        8.1.1. Polyethylene
        8.1.2. Polycarbonate
        8.1.3. Nylon
        8.1.4. Polypropylene (PP)
        8.1.5. Polyvinyl chloride (PVC)
        8.1.6. Others
    8.2. Thermoset
    8.3. Others
9. Building and Construction Plastic Fasteners Market – By Type (Market Size -US$ Million/Billion)
    9.1. Threaded Plastic Fasteners
        9.1.1. Screws
        9.1.2. Thread Rods
        9.1.3. Bolts & Nuts
        9.1.4. Studs
    9.2. Non-Threaded Plastic Fasteners
        9.2.1. Rivets
        9.2.2. Washers & Pin Fasteners
        9.2.3. Wire Bundlers & Ties
        9.2.4. Grommets
        9.2.5. Snap Inserts
10. Building and Construction Plastic Fasteners Market – By Manufacturing Process (Market Size -$Billion)
    10.1. Injection Molding
    10.2. Plastic Extrusion
    10.3. 3D Printing
    10.4. Blow Molding
11. Building and Construction Plastic Fasteners Market – Application (Market Size -US$ Million/Billion)
    11.1. Wall Construction
    11.2. Flooring
    11.3. Roofing
    11.4. Insulation
    11.5. Piping
    11.6. Cable wiring and installation
    11.7. Others
12. Building and Construction Plastic Fasteners Market - By Industry Verticals (Market Size -US$ Million/Billion)
    12.1. Residential Buildings
        12.1.1. Individual Houses & Private Dwellings
        12.1.2. Dormitories
        12.1.3. Apartments
        12.1.4. Others
    12.2. Commercial Buildings
        12.2.1. Offices
        12.2.2. Hospitals
        12.2.3. Educational Institutions
        12.2.4. Ware Houses
        12.2.5. Hotels/Hospitality
        12.2.6. Service Stations
        12.2.7. Shopping Complex & Malls
        12.2.8. Others
    12.3. Others
13. Building and Construction Plastic Fasteners Market - By Geography (Market Size -US$ Million/Billion)
    13.1. North America
        13.1.1.USA
        13.1.2.Mexico
        13.1.3.Canada
    13.2. Europe
        13.2.1. UK
        13.2.2. Germany
        13.2.3. France
        13.2.4. Italy
        13.2.5. Netherlands
        13.2.6. Spain
        13.2.7. Russia
        13.2.8. Belgium
        13.2.9. Rest of Europe
    13.3. Asia-Pacific
        13.3.1. China
        13.3.2. Japan
        13.3.3. India
        13.3.4. South Korea
        13.3.5. Australia & New Zealand
        13.3.6. Indonesia
        13.3.7. Taiwan
        13.3.8. Malaysia
        13.3.9. Rest of APAC
        13.3.10. Rest of the World
    13.4. South America
        13.4.1. Brazil
        13.4.2. Argentina
        13.4.3. Colombia
        13.4.4. Chile
        13.4.5. Rest of South America
    13.5.Middle East
        13.5.1. Saudi Arabia
        13.5.2. UAE
        13.5.3. Israel
        13.5.4. Rest of the Middle East
    13.6.Africa
        13.6.1. South Africa
        13.6.2. Nigeria
        13.6.3. Rest of Africa
14. Building and Construction Plastic Fasteners Market – Entropy
    14.1. New Product Launches
    14.2. M&As, Collaborations, JVs and Partnerships
15. Building and Construction Plastic Fasteners Market – Market Share Analysis Premium
    15.1 Company Benchmarking Matrix – Major Companies
    15.2 Market Share at Global Level - Major companies
    15.3 Market Share by Key Region - Major companies
    15.4 Market Share by Key Country - Major companies
    15.5 Market Share by Key Application - Major companies
    15.6 Market Share by Key Product Type/Product category - Major companies
16. Building and Construction Plastic Fasteners Market – Key Company List by Country Premium Premium
17. Building and Construction Plastic Fasteners Market -Market Share, Company Revenue, Products, M&A, Developments
    17.1. Company 1
    17.2. Company 2
    17.3. Company 3
    17.4. Company 4
    17.5. Company 5
    17.6. Company 6
    17.7. Company 7
    17.8. Company 8
    17.9. Company 9
    17.10.Company 10 and more
"*Financials would be provided on a best-efforts basis for private companies"

LIST OF TABLES

1.Global Building And Construction Plastic Fasteners:Product Outlook Market 2019-2024 ($M)
1.1 Product Movement Analysis Market 2019-2024 ($M) - Global Industry Research
2.Global Building And Construction Plastic Fasteners:End-Use Outlook Market 2019-2024 ($M)
2.1 End-Use Movement Analysis Market 2019-2024 ($M) - Global Industry Research
3.Global Building And Construction Plastic Fasteners:Product Outlook Market 2019-2024 (Volume/Units)
3.1 Product Movement Analysis Market 2019-2024 (Volume/Units) - Global Industry Research
4.Global Building And Construction Plastic Fasteners:End-Use Outlook Market 2019-2024 (Volume/Units)
4.1 End-Use Movement Analysis Market 2019-2024 (Volume/Units) - Global Industry Research
5.North America Building And Construction Plastic Fasteners:Product Outlook Market 2019-2024 ($M)
5.1 Product Movement Analysis Market 2019-2024 ($M) - Regional Industry Research
6.North America Building And Construction Plastic Fasteners:End-Use Outlook Market 2019-2024 ($M)
6.1 End-Use Movement Analysis Market 2019-2024 ($M) - Regional Industry Research
7.South America Building And Construction Plastic Fasteners:Product Outlook Market 2019-2024 ($M)
7.1 Product Movement Analysis Market 2019-2024 ($M) - Regional Industry Research
8.South America Building And Construction Plastic Fasteners:End-Use Outlook Market 2019-2024 ($M)
8.1 End-Use Movement Analysis Market 2019-2024 ($M) - Regional Industry Research
9.Europe Building And Construction Plastic Fasteners:Product Outlook Market 2019-2024 ($M)
9.1 Product Movement Analysis Market 2019-2024 ($M) - Regional Industry Research
10.Europe Building And Construction Plastic Fasteners:End-Use Outlook Market 2019-2024 ($M)
10.1 End-Use Movement Analysis Market 2019-2024 ($M) - Regional Industry Research
11.APAC Building And Construction Plastic Fasteners:Product Outlook Market 2019-2024 ($M)
11.1 Product Movement Analysis Market 2019-2024 ($M) - Regional Industry Research
12.APAC Building And Construction Plastic Fasteners:End-Use Outlook Market 2019-2024 ($M)
12.1 End-Use Movement Analysis Market 2019-2024 ($M) - Regional Industry Research
13.MENA Building And Construction Plastic Fasteners:Product Outlook Market 2019-2024 ($M)
13.1 Product Movement Analysis Market 2019-2024 ($M) - Regional Industry Research
14.MENA Building And Construction Plastic Fasteners:End-Use Outlook Market 2019-2024 ($M)
14.1 End-Use Movement Analysis Market 2019-2024 ($M) - Regional Industry Research

LIST OF FIGURES

1.US Building And Construction Plastic Fasteners Market Revenue, 2019-2024 ($M)
2.Canada Building And Construction Plastic Fasteners Market Revenue, 2019-2024 ($M)
3.Mexico Building And Construction Plastic Fasteners Market Revenue, 2019-2024 ($M)
4.Brazil Building And Construction Plastic Fasteners Market Revenue, 2019-2024 ($M)
5.Argentina Building And Construction Plastic Fasteners Market Revenue, 2019-2024 ($M)
6.Peru Building And Construction Plastic Fasteners Market Revenue, 2019-2024 ($M)
7.Colombia Building And Construction Plastic Fasteners Market Revenue, 2019-2024 ($M)
8.Chile Building And Construction Plastic Fasteners Market Revenue, 2019-2024 ($M)
9.Rest of South America Building And Construction Plastic Fasteners Market Revenue, 2019-2024 ($M)
10.UK Building And Construction Plastic Fasteners Market Revenue, 2019-2024 ($M)
11.Germany Building And Construction Plastic Fasteners Market Revenue, 2019-2024 ($M)
12.France Building And Construction Plastic Fasteners Market Revenue, 2019-2024 ($M)
13.Italy Building And Construction Plastic Fasteners Market Revenue, 2019-2024 ($M)
14.Spain Building And Construction Plastic Fasteners Market Revenue, 2019-2024 ($M)
15.Rest of Europe Building And Construction Plastic Fasteners Market Revenue, 2019-2024 ($M)
16.China Building And Construction Plastic Fasteners Market Revenue, 2019-2024 ($M)
17.India Building And Construction Plastic Fasteners Market Revenue, 2019-2024 ($M)
18.Japan Building And Construction Plastic Fasteners Market Revenue, 2019-2024 ($M)
19.South Korea Building And Construction Plastic Fasteners Market Revenue, 2019-2024 ($M)
20.South Africa Building And Construction Plastic Fasteners Market Revenue, 2019-2024 ($M)
21.North America Building And Construction Plastic Fasteners By Application
22.South America Building And Construction Plastic Fasteners By Application
23.Europe Building And Construction Plastic Fasteners By Application
24.APAC Building And Construction Plastic Fasteners By Application
25.MENA Building And Construction Plastic Fasteners By Application
26.Illinois Tool Work Incorporated, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Nippon Industrial Fastener Company, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Atf, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Stanley Black Decker, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Mw Industry, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Penn Engineering, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Bossard, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Avery Dennison Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.Araymond, Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.Shanghai Fastener Company, Sales /Revenue, 2015-2018 ($Mn/$Bn)