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Building And Construction Fasteners Market

Building And Construction Fasteners Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2021-2031

Building and Construction Fasteners Market: Overview

The building and construction fasteners market is expected to observe steady growth during the forecast period of 2021-2031. An increase in the construction activities around the globe will serve as a prominent growth-generating factor for the global market.

Earlier, metal fasteners were in demand due to their properties such as high resistance and robustness but due to the advent of plastic fasteners, the demand decreased. The properties of plastic fasteners such as lightweight and corrosion-resistance proved to be beneficial. Hence, based on all these factors, the building and construction fasteners market is estimated to observe a positive growth trajectory between 2021 and 2031.

A fastener is a device that is used for joining two or more objects. The most important advantage of these devices is that they do not damage the objects as much as welding does. Based on product, the building and construction fasteners market can be segmented into plastic clips, cable ties, rivets, and plastic grommets, Residential and commercial segments use these fasteners in various applications.

The research conducted on the global market for building and construction fasteners by Transparency Market Research (TMR) is a treasure of information for the stakeholders and CXOs. All the information has been compiled systematically in a report which provides valuable insights to the stakeholders about the recent trends, competitive landscape, regional aspects, and many other touch points that describe the growth trajectory of the building and construction fasteners market.

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What is the Competitive Landscape of Building and Construction Fasteners Market?

The building and construction fasteners market has numerous players in the fray for obtaining a prominent position. The players are involved in research and development activities. These activities lead to new discoveries and upgrades in terms of quality across building and construction fasteners. Furthermore, strategic collaborations also form an important part of the building and construction fasteners market growth trajectory. The collaborations help in strengthening the influence of the players, eventually increasing the growth rate of the building and construction fasteners market.

Manufacturers in the building and construction fasteners market indulge in production expansion activities. These activities assure seamless distribution of fasteners to the end-users. The players, through mergers and acquisitions, also try to expand their prominence across numerous regions. All these aspects ultimately lead to the growth of the building and construction fasteners market.

Some well-entrenched players in the building and construction fasteners market are Nippon Industrial Fasteners Company, Volt Industrial Plastics, Avery Dennison Corporation, and ARaymond Industrial.

What are Key Trends in Building and Construction Fasteners Market?

Rising Urbanization across Numerous Regions to Invite Profitable Growth

Urbanization has increased exponentially over the years. According to the UN World Urbanization Prospects, the numbers of people living in urban areas outnumber the number of people in rural areas worldwide. The number of people living in urban areas across the globe was 4.1 Bn in 2017, meaning more than half of the world (55%) resides in urban areas. The rising rate of rural-to-urban migration has led to an increase in construction activities. The demand for construction activities is directly proportional to the growth of the building and construction fasteners market.

Plastic Grommets Present Plethora of Growth Opportunities

The demand for plastic grommets is increasing at a steady rate and is estimated to increase further during the forecast period. The expanding focus of the consumers on using aesthetically appealing products in modern constructions invite considerable growth for plastic grommets, eventually boosting the growth prospects of the building and construction fasteners market.

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What are Regional Dimensions of Building and Construction Fasteners Market?

Asia Pacific’s building and construction fasteners market is estimated to observe a dominating stance. Improved economic growth across densely populated regions such as India and China will serve as a vital growth-generating factor. North America’s building and construction fasteners market is also expected to seek a prominent position between 2021 and 2031. The growing investments in residential and commercial construction present good growth prospects.

Building And Construction Fasteners Market

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