Global Plastic Fasteners Market was valued US$ XX Bn in 2019 and is expected to reach US$ XX Bn by 2027, at CAGR of 5.67% during 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.
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 factor 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 are 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.
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.
Scope of the Global Plastic Fasteners Market
Global Plastic Fasteners Market, By Product Type
• Rivets & Push-In Clips
• Cable Clips & Ties
• Threaded Fasteners
• Washers & Spacers
• Grommets & Bushings
• Wall Plugs
Global Plastic Fasteners Market, By End User
• Electrical & Electronics
• Building & Construction
Global Plastic Fasteners Market, By Region
• North America
• Asia Pacific
• Middle East and Africa
• South America
Key players operating in Global Plastic Fasteners Market
• Illinois Tool Works
• Stanley Black & Decker
• Bossard Group
• Penn Engineering
• Shamrock International Fasteners
• Volt Industrial Plastics
• Anil Plastics & Enterprises
• Bülte Plastics
• Canco Fasteners
• Craftech Industries
• E & T Fasteners
• Fontana Gruppo
• Joxco Seals
• KGS Kitagawa Industries Co.
• Micro Plastics
• MW Industries
• Nyltite Corporation
• Shanghai Yuanmao Fastener Co.
• Surelock Plastics
• Termax Corporation
• Wilhelm Böllhoff GmbH & Co.
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