Global Building And Construction Plastic Fastener Market Overview
The Building And Construction Plastic Fastener Market Size was estimated at 1.82 (USD Billion) in 2022. The Building And Construction Plastic Fastener Industry is expected to grow from 1.9(USD Billion) in 2023 to 2.8 (USD Billion) by 2032. The Building And Construction Plastic Fastener Market CAGR (growth rate) is expected to be around 4.4% during the forecast period (2024 - 2032).
Key Building And Construction Plastic Fastener Market Trends Highlighted
The building and construction plastic fastener market is driven by increasing construction activities, particularly in emerging economies. The rising use of lightweight and durable plastic fasteners in residential and commercial buildings is a major market trend. Furthermore, growing awareness of environmental sustainability is driving the demand for eco-friendly plastic fasteners. Opportunities lie in the development of innovative materials and designs to enhance fastener performance and durability. Recent trends include the adoption of advanced manufacturing techniques, such as injection molding and 3D printing, to improve production efficiency and reduce costs. Additionally, the market is witnessing consolidation among industry players through mergers and acquisitions, leading to increased competition and the emergence of leaders.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Building And Construction Plastic Fastener Market Drivers
Increasing Demand for Sustainable Building Practices
The construction industry is becoming increasingly focused on sustainability as governments and businesses around the world adopt green building policies and regulations. Plastic fasteners offer several advantages over traditional metal fasteners in terms of sustainability. They are lightweight, which reduces transportation costs and emissions. They are also non-corrosive, which means they will not rust or degrade over time, even in harsh environments.As a result, plastic fasteners are becoming increasingly popular in sustainable building projects, such as those seeking LEED certification. The Building And Construction Plastic Fastener Market Industry is expected to grow significantly in the coming years, driven by the increasing demand for sustainable building practices.
Growing Adoption of Plastic Fasteners in Residential Construction
Plastic fasteners are becoming increasingly popular in residential construction as they offer several advantages over traditional metal fasteners. They are lightweight, which makes them easy to install and handle. They are also non-corrosive, which means they will not rust or degrade over time, even in humid or wet environments. Additionally, plastic fasteners are often less expensive than metal fasteners, which makes them a more cost-effective option for builders.The Building And Construction Plastic Fastener Market Industry is expected to benefit from the growing adoption of plastic fasteners in residential construction.
Rising Demand for Plastic Fasteners in Infrastructure Projects
Plastic fasteners are also becoming increasingly popular in infrastructure projects, such as bridges, roads and railways. They offer several advantages over traditional metal fasteners in these applications, including their light weight, non-corrosive properties, and low cost. Additionally, plastic fasteners are easy to install and handle, which makes them ideal for use in large-scale infrastructure projects. The Building And Construction Plastic Fastener Market Industry is expected to grow significantly in the coming years, driven by the rising demand for plastic fasteners in infrastructure projects.
Building And Construction Plastic Fastener Market Segment Insights
Building And Construction Plastic Fastener Market Application Area Insights
The Building And Construction Plastic Fastener Market is segmented based on Application Area into Interior Applications, Exterior Applications and Infrastructure. Among these segments, the Interior Applications segment is expected to hold the largest market share in 2023, owing to the increasing demand for plastic fasteners in the construction of residential and commercial buildings. The Exterior Applications segment is also expected to witness significant growth during the forecast period, driven by the rising demand for plastic fasteners in the construction of exterior walls, roofs and windows.The Infrastructure segment is expected to grow at a steady pace during the forecast period, driven by the increasing demand for plastic fasteners in the construction of roads, bridges and other infrastructure projects. The growth of the market is attributed to the increasing demand for plastic fasteners in the construction industry, owing to their lightweight, durability and corrosion-resistant properties.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Building And Construction Plastic Fastener Market Product Type Insights
Anchors, wall plugs, cable ties, clamps and other fasteners are the different product types in the building and construction plastic fastener market. Anchors held the largest market share in 2023 and are expected to continue to dominate the market through 2032. The growth of this segment can be attributed to the increasing demand for anchors in residential and commercial construction projects. Wall plugs are expected to witness a steady growth rate over the forecast period, owing to their wide application in electrical and plumbing installations.Cable ties are also expected to exhibit significant growth, driven by their increasing use in data centers and telecommunication networks. Clamps and other fasteners are expected to account for a smaller share of the market but are still expected to contribute to the overall growth of the building and construction plastic fastener market.
Building And Construction Plastic Fastener Market Material Insights
The Building And Construction Plastic Fastener Market is segmented by Material into Nylon, Polyethylene, Polypropylene, Polycarbonate and Other Materials. Among these, Nylon holds the largest market share due to its exceptional strength, durability and resistance to chemicals and UV radiation. Polyethylene is another widely used material known for its flexibility, low cost and good electrical insulation properties. Polypropylene is also gaining popularity due to its high strength-to-weight ratio and resistance to moisture and chemicals.The demand for Polycarbonate is growing rapidly in the construction sector owing to its impact resistance and transparency. Other Materials, such as Acetal and Polyamide, are also used in various applications, contributing to the overall market growth. In 2023, the Building And Construction Plastic Fastener Market revenue for Nylon was estimated at USD 0.75 billion, while Polyethylene, Polypropylene, Polycarbonate and Other Materials accounted for USD 0.45 billion, USD 0.38 billion, USD 0.22 billion and USD 0.10 billion, respectively.
Building And Construction Plastic Fastener Market End-User Industry Insights
The Building And Construction Plastic Fastener Market is segmented by End-User Industry into Commercial Building Construction, Residential Building Construction, Infrastructure (Roads, Bridges, Airports), Industrial Construction and Other End-User Industries. Among these segments, Commercial Building Construction is expected to hold the largest market share of 34.5% in 2023, driven by the increasing demand for plastic fasteners in commercial buildings due to their durability, cost-effectiveness and ease of installation. Residential Building Construction is anticipated to follow with a market share of 28.8% in 2023, owing to the rising construction of new homes and renovation of existing ones.Infrastructure, Industrial Construction, and Other End-User Industries are projected to collectively account for 36.7% of the Building And Construction Plastic Fastener Market revenue in 2023, showcasing the versatility and diverse applications of plastic fasteners across various industries.
Building And Construction Plastic Fastener Market Distribution Channel Insights
The Building And Construction Plastic Fastener Market is segmented by distribution channel into direct sales, distribution centers, e-commerce platforms, hardware stores and other distribution channels. Among these, direct sales accounted for the largest share of the market in 2023 and are projected to continue to be the dominant channel over the forecast period. This is due to the fact that direct sales offer several advantages over other channels, such as lower costs, better control over the sales process and the ability to build stronger relationships with customers.E-commerce platforms are expected to be the fastest-growing distribution channel for Building And Construction Plastic Fasteners over the forecast period. This is due to the increasing popularity of online shopping, as well as the growing number of consumers who are comfortable making purchases online. E-commerce platforms offer a convenient and easy way for consumers to purchase Building And Construction Plastic Fasteners and they also offer a wide range of products to choose from. Other distribution channels, such as hardware stores and distribution centers, are also expected to experience growth over the forecast period.Hardware stores offer a convenient way for consumers to purchase Building And Construction Plastic Fasteners and they also provide a wide range of products to choose from. Distribution centers offer a more efficient way for manufacturers to distribute their products to retailers and other customers, and they also offer a wider range of products to choose from.
Building And Construction Plastic Fastener Market Regional Insights
The Building And Construction Plastic Fastener Market is expected to reach a value of USD 2.8 billion by 2032, exhibiting a CAGR of 4.4% during the forecast period. Regionally, North America is expected to account for the largest share of the Building And Construction Plastic Fastener Market, followed by Europe. The increasing construction activities in these regions are driving the demand for Building And Construction Plastic Fasteners. APAC is also expected to witness significant growth in the Building And Construction Plastic Fastener Market due to the rising urbanization and infrastructure development in the region.South America and MEA are expected to contribute to the overall growth of the market with their growing construction sectors.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Building And Construction Plastic Fastener Market Key Players And Competitive Insights
Major players in Building And Construction Plastic Fastener Market industry are constantly developing new and innovative products to meet the changing needs of customers. Leading Building And Construction Plastic Fastener Market players are also investing in research and development to improve the quality and performance of their products. The Building And Construction Plastic Fastener Market development is being driven by the growing demand for lightweight and durable materials in the construction industry.Stanley Black & Decker is a leading provider of Building And Construction Plastic Fastener Market products and services. The company offers a wide range of products, including fasteners, tools, and storage solutions. Stanley Black & Decker has a strong presence and is committed to providing high-quality products and services to its customers.Hilti is another major player in the Building And Construction Plastic Fastener Market industry. The company offers a wide range of products, including anchors, fasteners and tools. Hilti has a strong focus on innovation and is constantly developing new products to meet the needs of its customers. The company has a presence and is committed to providing high-quality products and services to its customers.
Key Companies in the Building And Construction Plastic Fastener Market Include
- SFS Group
- Simpson StrongTie
- Tinnerman
- Hilti
- GSI
- MKT Fasteners
- Legrand
- Panduit
- HellermannTyton
- Bossard Group
- ITW Construction Products
- LISI Aerospace
- PEM Group
- EJOT
Building And Construction Plastic Fastener Market Industry Developments
The Building and Construction Plastic Fastener Market is projected to reach USD 2.8 billion by 2032, exhibiting a CAGR of 4.4% during the forecast period (2024-2032). The market growth is attributed to the increasing demand for plastic fasteners in construction activities due to their lightweight, durability, and cost-effectiveness. Additionally, the rising adoption of sustainable construction practices is driving the demand for eco-friendly plastic fasteners. Recent developments include the introduction of bio-based and recycled plastic fasteners, offering environmental benefits and reducing carbon footprint. Key market players are focusing on innovation and expanding their product portfolios to meet the evolving needs of the construction industry.
Building And Construction Plastic Fastener Market Segmentation Insights
Building And Construction Plastic Fastener Market Application Area Outlook
- Interior Applications
- Exterior Applications
- Infrastructure
Building And Construction Plastic Fastener Market Product Type Outlook
- Anchors
- Wall Plugs
- Cable Ties
- Clamps
- Other Fasteners
Building And Construction Plastic Fastener Market Material Outlook
- Nylon
- Polyethylene
- Polypropylene
- Polycarbonate
- Other Materials
Building And Construction Plastic Fastener Market End-User Industry Outlook
- Commercial Building Construction
- Residential Building Construction
- Infrastructure (Roads, Bridges, Airports)
- Industrial Construction
- Other End-User Industries
Building And Construction Plastic Fastener Market Distribution Channel Outlook
- Direct Sales
- Distribution Centers
- E-commerce Platforms
- Hardware Stores
- Other Distribution Channels
Building And Construction Plastic Fastener Market Regional Outlook
- North America
- Europe
- South America
- Asia Pacific
- Middle East and Africa
Report Attribute/Metric |
Details |
Market Size 2022 |
1.82(USD Billion) |
Market Size 2023 |
1.9(USD Billion) |
Market Size 2032 |
2.8(USD Billion) |
Compound Annual Growth Rate (CAGR) |
4.4% (2024 - 2032) |
Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
Base Year |
2023 |
Market Forecast Period |
2024 - 2032 |
Historical Data |
2019 - 2023 |
Market Forecast Units |
USD Billion |
Key Companies Profiled |
SFS Group, Simpson StrongTie, Tinnerman, Hilti, GSI, MKT Fasteners, Legrand, Panduit, HellermannTyton, Bossard Group, ITW Construction Products, LISI Aerospace, PEM Group, EJOT |
Segments Covered |
Application Area, Product Type, Material, End-User Industry, Distribution Channel, Regional |
Key Market Opportunities |
1 Growing use of plastic fasteners in residential and commercial construction2 Rising demand for lightweight and corrosion-resistant fasteners in the automotive industry3 Increasing adoption of sustainable building materials, including plastic fasteners4 Growing awareness about the durability and cost-effectiveness of plastic fasteners |
Key Market Dynamics |
1.      Rising infrastructure 2.      growing urbanization 3.      increasing demand for lightweight 4.      construction eco-friendly construction and 5.      technological advancements |
Countries Covered |
North America, Europe, APAC, South America, MEA |
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Frequently Asked Questions (FAQ) :
The Building And Construction Plastic Fastener Market was expected to reach USD 2.8 billion by 2032, exhibiting a CAGR of 4.4% during the forecast period (2024-2032).
Asia-Pacific is anticipated to dominate the Building And Construction Plastic Fastener Market throughout the forecast period, owing to the region's rapid urbanization and increasing construction activities.
Rising demand for lightweight and durable construction materials, growing infrastructure development, and increasing adoption of plastic fasteners in residential and commercial buildings are major factors propelling market growth.
Plastic fasteners are primarily used in roofing, siding, windows, doors, and interior fittings.
Major players in the market include Hilti, fischerwerke, Simpson Strong-Tie, ITW, Wurth, Ejot and SFS.
The Building And Construction Plastic Fastener Market is projected to grow at a CAGR of 4.4% from 2024 to 2032.
The COVID-19 pandemic caused temporary disruptions in the construction industry, leading to a decline in demand for plastic fasteners. However, the market is anticipated to recover as construction activities resume.
Growing adoption of sustainable and eco-friendly plastic fasteners, advancements in material technology, and increasing use of automation in manufacturing are notable trends in the market.
The Middle East and Africa region is projected to provide significant growth opportunities due to increasing urbanization and government initiatives to develop infrastructure.
Fluctuating raw material prices, competition from traditional metal fasteners, and stringent regulatory requirements pose challenges to market growth.