Plastic Fasteners Market Size – Latest Growth, Development Trends & Forecast Report to 2025

Marketresearchreports.biz has added a new research report on the "Plastic Fasteners Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025" to its collection.

The main objective of this report is to define, describe, and forecast the global “Plastic Fasteners” market on the basis of types of applications, major sectors, deployment models, organization size, and regions. The report contains an analysis of the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges). It aims to strategically analyze the micromarkets with respect to individual growth trends, prospects, and their contribution to the market. The report attempts to forecast the market size for 5 major regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. It contains key vendor profiles and comprehensively analyzes their core competencies. The report also tracks and analyzes competitive developments, including partnerships, collaborations, acquisitions, new product developments, and R&D activities in the market.

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Plastic fasteners are plastic parts used to join or fix two or more objects together. Plastic screws, bolts, nuts, washers, threaded rods, and balls are a few examples of plastic fasteners. Plastic fasteners are manufactured employing two processes: plastic molding and machining. These fasteners are manufactured from different plastics such as nylon, polyethylene, acetal, polycarbonate, PVC, polypropylene, and ABS. Each type of plastic offers certain advantages over the other. For instance, polypropylene is a cost effective material that combines the required thermal, chemical, electrical, and mechanical properties in one material, which is not found in other material. ABS provides ease of machining to close tolerances and can be easily molded. Plastic fasteners provide numerous advantages over their metal counterparts. These fasteners are a preferred choice in application areas requiring a combination of environmental, thermal, optical, chemical, and electrical properties. Moreover, they provide lightweight and inexpensive substitute to their metal counterparts. Fasteners made from nylon are cost effective and are half the weight of aluminum fasteners. These advantages have increased the adoption of plastic fasteners in applications such as automotive, marine, space, and oil & gas. However, different types of plastics have their shortcomings. For example, nylon is the most used material for plastic fasteners; however, its lack of reliability and durability inhibits its use in applications such as mining, railroads, and building & construction, which require high strength and resilience. Thus, there exists a need for substitutes in order to overcome the limitations offered by different plastic materials used for plastic fastener manufacturing. This in turn is offers high chances of internal substitution in the plastic fasteners market.

Based on product type, the plastic fasteners market can be bifurcated into threaded and non-threaded plastic fasteners. Bolts, screws, rods, studs, and nuts are examples of threaded plastic fasteners while rivets, washers, pin fasteners, quick-operating fasteners, retaining rings, inserts, and spacers are examples of non-threaded plastic fasteners. Currently, the market is dominated by threaded plastic fasteners, and the segment is anticipated to expand at a considerable pace during the forecast period.

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In terms of material used, the plastic fasteners market can be segmented into, nylon, polyethylene, acetal, polycarbonate, PVC, polypropylene, ABS, and others. Others segment includes materials such as isoplast, polycarbonate, PVDF etc. Presently, nylon dominates the plastic fasteners market. Nylon, as a material for plastic fasteners, provides good insulating properties and high resistance against corrosion as compared to other plastic material substitutes. Additionally, it weighs half as much as aluminum, making it a preferred choice for several end-users industries. Therefore, the market for nylon is anticipated to expand at a significant pace in the forecast period.

In terms of geography, the global plastic fasteners market is dominated by Asia Pacific due to rapid expansion of the plastic industry and its end-user industries. Countries such as China and India are among the major contributors in terms of consumption to the plastic fasteners market in Asia Pacific. Rapid urbanization and industrialization in China and India are anticipated to fuel the demand for plastic fasteners in end-user industries such as automotive and electronics. These industries are anticipated to expand at a rapidly during the forecast period. This in turn is propelling the demand for plastic fasteners in the region.

Key players operating in the plastic fasteners market include E & T Fasteners, micro plastics, inc., Stanley Engineered Fastening, Craftech Industries, Melfast, Inc., and Product Components Corporation.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis

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The regional analysis covers:

North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market

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