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Automotive Plastic Fasteners Market size to grow by USD 3.32 billion | Analytics Market Research
Global Automotive Plastic Fasteners Market
One of the key factors influencing the market is the rising demand for light materials in the automotive sector as a result of stricter emission regulations and improved fuel efficiency. Technology improvements and end-user sector demand would both be factors in the requirement for such items. Growing the economy is essential for increasing demand on a global scale. Consumption growth and the desire for products with added value and sustainability are key factors affecting the market's expansion in developing nations.
The growing demand for automotive plastic fasteners in applications such the powertrain, chassis, and wire harnessing is predicted to fuel the market expansion because of their relatively low cost and technologically advanced qualities. The market need will also be fueled by the growing usage of polypropylene, a material that combines the necessary chemical, thermal, electrical, and mechanical qualities in one substance, as a low-cost component in automotive plastic fasteners.
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The demand for plastic fasteners, which determines the industry's growth throughout the projection period, is directly impacted by automotive output. More than 25% of the total demand for industrial fasteners comes from the automotive OEM sector, which is a significant market. In developing nations like India and Thailand, the expanding automotive industry is regarded as a vital industry for the product.
The product offers exceptional corrosion resistance as well as superior thermal and electrical insulation. However, when exposed to high temperatures, they significantly deteriorate and lose effectiveness. Additionally, the product's low tensile strength makes it less effective in applications requiring strong physical stress, which has an impact on market expansion.
Aside from high thermal and electrical insulation, the product offers good corrosion resistance. When subjected to high temperatures, they do, however, significantly deteriorate and lose effectiveness. Additionally, due to its low tensile strength, the product performs less well in applications that call for significant levels of physical stress, which has an impact on the market's expansion.
Global Automotive Plastic Fasteners Market: Segmentations
Global Automotive Plastic Fasteners Market: By Key Players
TR Fastenings
E & T Fasteners
ATF
Nippon Industrial Fasteners (Nifco)
Stanley Black & Decker
SNF Group Penn Engineering
MW Industries
Shanghai Fasteners
Bossard
Avery Dennison
Araymond
Global Automotive Plastic Fasteners Market: By Types
Interior
Exterior
Electronics
Powertrain
Chassis
Wire harnessing
Global Automotive Plastic Fasteners Market: By Applications
Passenger Cars
Commercial Vehicles
Global Automotive Plastic Fasteners Market: Regional Analysis
The countries covered in the regional analysis of the Global Automotive Plastic Fasteners market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
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Reasons to Purchase the Automotive Plastic Fasteners Market Report:
1. The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
2. Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
3. Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
4. The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
5. Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.
Objectives of the Study:
• To provide with an exhaustive analysis on the Automotive Plastic Fasteners Market by Product, By Application, By End User and by Region.
• To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
• To evaluate and forecast micro-markets and the overall market
• To predict the market size, in key regions- North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
• To record and evaluate competitive landscape mapping- product launches, technological advancements, mergers and expansions
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