Plastic Fasteners Market – Global Industry Analysis and Forecast (2023-2029)

Plastic Fasteners Market size is expected to reach nearly US$ 7.21 Bn. by 2029 with the CAGR of 5.68% during the forecast period.

The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.

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Plastic Fasteners Market Dynamics:
Increasing demand for high-efficiency vehicles with better performance has led to prefer lightweight components in the automotive industry, which is one of the driving factors for global plastic fasteners market. This product are corrosion resistance and high durability. Also, these products are available in numerous colors and shapes that help car manufacturers to maintain the aesthetic appeal of vehicles.

On the basis of the product type segment, the rivets & push-in clips segment is expected to hold the largest market share during forecast period. Rivets and push-in clips are increasingly used in automobiles, electrical & electronics. Push-in clips are used to connect plastic parts protecting materials, light sheet metals. They are also used as bumpers and hole plugs. Push-in clips are used with nylon washers to fasten delicate materials. A subtype of push-in clips, known as stomach buttons, vibration is resistant to abrasion, and corrosion

Based on the End User segment, the automotive segment is expected to hold the largest market share during forecast period. The rising demand for electric vehicles is estimated to drive the growth of the automotive segment of the global plastic fasteners market. Environmental regulations formulated by various government bodies have propelled the development of lightweight and fuel-efficient automobiles, which, in turn, has contributed to the high demand for plastic fasteners from the automotive industry.
Regional Insights:
In terms of region, Asia Pacific region is estimated to grow at highest CAGR during the forecast period. Presence of major manufacturers in countries like Japan, India, China, and South Korea for commercial vehicles and passenger cars in this region is expected to further propel market growth in this region. In addition, increasing construction expenditure is another reason for growth of global plastic fasteners market in Asia Pacific region.

The report defines, segments, and projects the global plastic fasteners market based on product type, end user, and region. It provides detailed information regarding the major factors influencing the growth of the market, like drivers, opportunities, and industry-specific challenges. It also intentionally profiles key players and widely analyzes their market shares and core competencies. The report analyzes competitive developments, like expansions, acquisitions, agreements, and collaborations undertaken by key players to achieve growth in the market.

The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding global plastic fasteners market dynamics, structure by identifying and analyzing the market segments and project the global market size.

Further, the report also focuses on the modest analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, and SWOT analysis to address the question of shareholders to prioritizing the efforts and investment in the near future to the emerging segment in global plastic fasteners market.
Key Highlights:
plastic fasteners market analysis and forecast, in terms of value.

Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the Global market

Global plastic fasteners market segmentation on the basis of type, source, end-user, and region (country-wise) has been provided.

plastic fasteners market strategic analysis with respect to individual growth trends, future prospects along with the contribution of various sub-market stakeholders have been considered under the scope of study.

Global plastic fasteners market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA) and Latin America along with country-wise segmentation.

Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled.

Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the Global plastic fasteners market are also profiled.
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Plastic Fasteners Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 4.89 Bn.


Forecast Period 2023 to 2029 CAGR:
5.68%
Market Size in 2029:
US $ 7.21 Bn.


 Segments Covered:
by Product Type
Cable Clips & Ties
Threaded Fasteners
Washers & Spacers
Grommets & Bushings
Wall Plugs
Others


by End User
Automotive
Electrical & Electronics
Building & Construction
Supermarkets
Others


by Material Type
Nylon
Polyacrylamide
Thermoplastic Polyurethane
PEEK and PPA
Others



Plastic Fasteners Market, By Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina and Rest of South America)
Plastic Fasteners Market Key players are :
1. Illinois Tool Works
2. Araymond
3. Nifco
4. Stanley Black & Decker
5. Bossard Group
6. Arconic
7. Penn Engineering
8. Shamrock International Fasteners
9. Volt Industrial Plastics
10. Anil Plastics & Enterprises
11. Bülte Plastics
12. Canco Fasteners
13. Craftech Industries
14. E & T Fasteners
15. Fontana Gruppo
16. Joxco Seals
17. KGS Kitagawa Industries Co.
18. Micro Plastics
19. MW Industries
20. Nyltite Corporation
21. Shanghai Yuanmao Fastener Co.
22. Surelock Plastics
23. Termax Corporation
24. Wilhelm Böllhoff GmbH & Co.

Frequently Asked Questions:

1. Which region has the largest share in Global Plastic Fasteners Market?
Ans: Asia Pacific region held the highest share in 2022.

2. What is the growth rate of Global Plastic Fasteners Market?
Ans: The Global market is growing at a CAGR of 5.68% during forecasting period 2023-2029.

3. What is scope of the Global Plastic Fasteners market report?
Ans: Global Plastic Fasteners Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

4. Who are the key players in Global Plastic Fasteners market?
Ans: The important key players in the Global market are – Illinois Tool Works, Araymond, Nifco, Stanley Black & Decker, Bossard Group, Arconic, Penn Engineering, Shamrock International Fasteners, Volt Industrial Plastics, Anil Plastics & Enterprises, Bülte Plastics, Canco Fasteners, Craftech Industries, E & T Fasteners, and Fontana Gruppo

5. What is the study period of this market?
Ans: The Global Plastic Fasteners Market is studied from 2022 to 2029.