Plastic Fasteners Market to See Huge Growth by 2030 | ARaymond, Illinois Tool Works, Stanley Black & Decker, Nifco, Bossard Group., MW Industries Inc

Global Plastic Fasteners Market to Grow Rapidly due to Increasing Applications in End-use Industries

Growing investments in residential and non-residential construction sectors, growth in electronic industries, and growth in the automotive industry are driving the Plastic Fasteners Market. Plastic fasteners are plastic components that are used to hold two items together for an extended period of time. Plastic screws, nuts, bolts, threaded rods, washers, balls, spacers, bushes, and other similar items are examples of these items. Because of the current need to reach light-weight automotive, the automotive and aerospace industries are struggling to keep the weight of the object low. This goal is served by these goods, which have seen exponential development.

In applications requiring a combination of environmental, thermal, optical, chemical, and electrical properties, these fasteners are a preferred option. Furthermore, they are a lighter and less costly alternative to their metal counterparts. Nylon fasteners are less expensive and weigh half as much as aluminum fasteners. These benefits have boosted the use of plastic fasteners in industries like automotive, marine, space, and oil and gas. Different forms of plastics, on the other hand, have their own set of drawbacks.

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Growth Drivers that Support the Global Plastic Fasteners Market:

• The product's advantageous thermal, electrical, ecological, chemical, and optical properties will provide lucrative growth opportunities for the plastic fasteners industry in the coming years. These goods seem to be light in weight and inexpensive as opposed to their metal counterparts, and hence have a huge demand. Furthermore, the widespread use of these products in the automotive, space, oil & gas, and marine industries will provide lucrative growth opportunities for the plastic fasteners industry in the coming years.

• Furthermore, the growing popularity of plastic fasteners around the world is expected to drive consumer demand over the forecast period.
• Rivets and push-in clips dominated the Plastic Fasteners industry as of 2018. Rivets and push-in clips are expected to increase in popularity. It is famous because of its low production costs and high efficiency.

• Plastic fasteners are mostly used in automotive applications, and they account for the majority of the industry. The most common application was for automobiles. Throughout the forecast era, the automotive plastic fasteners market is expected to maintain its dominance.

• In the global plastic fasteners industry, the building construction application has the highest CAGR. This market is projected to expand by 2020. Cable ties, screws, washers, and other items are available.

• Due to increased population, transportation use, and building, the Asia-Pacific region has the highest market share among other regions in the global plastic fasteners market.

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Major companies functioning in the global Plastic Fasteners Market are ARaymond, Illinois Tool Works, Stanley Black & Decker, Nifco, Bossard Group., MW Industries Inc, ATF Inc, E & T Fasteners, Araymond, Avery Dennison Corporation and Volt Industrial Plastics.

Market Segmentation:
By Product Type:
• Rivets & Push-In Clips
• Cable Clips & Ties
• Threaded Fasteners
• Washers & Spacers
• Other

By End-User:
• Automotive
• Electrical & Electronics
• Building & Construction
• Supermarkets
• Other

By Region:
• North America
◦ North America, by Country
▪ US
▪ Canada
▪ Mexico
◦ North America, by Product Type
◦ North America, by End-User

• Western Europe
◦ Western Europe, by Country
▪ Germany
▪ UK
▪ France
▪ Italy
▪ Spain
▪ The Netherlands
▪ Rest of Western Europe
◦ Western Europe, by Product Type
◦ Western Europe, by End-User

• Asia Pacific
◦ Asia Pacific, by Country
▪ China
▪ India
▪ Japan
▪ South Korea
▪ Australia
▪ Indonesia
▪ Rest of Asia Pacific
◦ Asia Pacific, by Product Type
◦ Asia Pacific, by End-User

• Eastern Europe
◦ Eastern Europe, by Country
▪ Russia
▪ Turkey
▪ Rest of Eastern Europe
◦ Eastern Europe, by Product Type
◦ Eastern Europe, by End-User

• Middle East
◦ Middle East, by Country
▪ UAE
▪ Saudi Arabia
▪ Qatar
▪ Iran
▪ Rest of Middle East
◦ Middle East, by Product Type
◦ Middle East, by End-User

• Rest of the World
◦ Rest of the World, by Country
▪ South America
▪ Africa
◦ Rest of the World, by Product Type
◦ Rest of the World, by End-User

Objectives of this Report:
• To estimate the market size for Plastic fasteners market on a regional and global basis.
• To identify major segments in Plastic fasteners market and evaluate their market shares and demand.
• To provide a competitive scenario for the Plastic fasteners market with major developments observed by key companies in the historic years.
• To evaluate key factors governing the dynamics of Plastic fasteners market with their potential gravity during the forecast period.

Reasons to Buy This Report:
• Provides niche insights for a decision about every possible segment helping in the strategic decision-making process.
• Market size estimation of the Plastic fasteners market on a regional and global basis.
• A unique research design for market size estimation and forecast.
• Identification of major companies operating in the market with related developments
• Exhaustive scope to cover all the possible segments helping every stakeholder in the Plastic fasteners market.

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This release was published on openPR.