San Francisco, CA -- (SBWIRE) -- 04/10/2019 -- Global Concrete Fasteners Market: Overview
The global concrete fasteners market is gaining traction, owing to its wide range of applications in various industries worldwide. Concrete fasteners are mainly the heavy-duty anchors which helps in fixing objects to the sandstone surfaces. It is one of the most important ingredients in concrete, more precisely in typical sense, fastener's failure is the failure of concrete. Concrete fasteners derive their holding capacities from the concrete. The better holding can be obtained once the fasteners is placed at a deeper level into the concrete. The number of concrete fasteners highly depend on the necessities and applications. Such USPs are driving the global concrete fasteners market.
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From the perspective of applications, the global concrete fasteners market is segmented into machinery, automotive, construction, electrical and electronic products, and fabricated metal products. Among these applications, the construction segment accounts for the largest share and is expected to boost the global concrete fasteners market during the forecast period. This is because of the rising building and construction industry globally along with growing demand for concrete fasteners for connecting non-structural and structural elements to the concrete in the construction industry. Such advantages of concrete fasteners are also fueling growth in the global concrete fasteners market.
Global Concrete Fasteners Market: Notable Developments
Some of the recent developments that may influence the contours of the concrete fasteners market in a big way are:
Concrete fasteners are majorly used to fasten wires, cables, junction boxes to the inside and outside of the walls. Such fasteners are highly utilized for holding the static loads. Concrete fasteners comes in a wide range of sizes and types.
Various manufacturers in the market are producing moisture and rain resistant concrete fasteners. They are manufacturing such good quality, durable, flexible, and high-performance concrete fasteners by using excellent composition of materials.
For instance, indoor and dry applications, the mostly used concrete fasteners are made up of standard zinc-plated carbon steel, whereas for wet applications or outdoor, stainless steel concrete fasteners have become a preferred choice in terms of durability.
In construction industry, the concrete fasteners are placed in concrete to a certain depth for obtaining minimum holding values. Concrete fasteners are extensively used in constructing towers. During the tower construction, the placement of rebar specifically in precast panels is highly important.
Key players operating in the global concrete fasteners market include Ramset, Hua Wei, Powers fasteners, Cooper Industries, and Dokka Fateners.
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Global Concrete Fasteners Market: Key Growth Dynamics
Rising Demand for Secure Fastening in Concrete to Fuel Market's Growth
Concrete fasteners play a crucial role in several major industries include shipbuilding, aerospace, automotive, and industrial machinery. Thus, rising adoption of several types of concrete fasteners in various industries are boosting the global concrete fasteners market. Along with this, the global concrete fasteners market is undergoing a transition from manufacturing standard metal fasteners to producing high and superior quality specialty fasteners to meet enormous demand for application-specific products. Such USPs are also majorly fueling demand in the global concrete fasteners market.
Furthermore, rapid growth of numerous industries on account of rising mechanization in industrial and residential construction is another major factor propelling expansion in the global concrete fasteners market.
Fluctuating Prices of Raw Materials May Hamper Market's Growth
A few challenges hampering the growth of the global concrete fasteners market include volatility of costs of raw materials, subsequent price war, and intense market competition. Such challenges may also hamper the profit margins for market players. Nonetheless, mushrooming industrialization along with rising demand for high quality concrete fasteners are believed in helping to overcome such challenges in the future.
Global Concrete Fasteners Market: Regional Outlook
Geographically, North America is leading the global concrete fasteners market as the region has witnessed rapid establishment of various industries. Growing demand from automotive industry for joining various automotive parts, burgeoning population, and rising disposable incomes are also responsible for fueling concrete fasteners market in this region.
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