Global Plastic Fasteners Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027

MarketResearch.biz delivers in-depth insights on the global plastic fasteners market in its upcoming report titled, “Global Plastic Fasteners Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027”. The global plastic fasteners market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global plastic fasteners market report has been segmented on the basis of product type, end-use industry, and region.

Plastics fastener is a hardware product that mechanically fixes or joins two or more objects together. Plastics fasteners are used to build a temporary bond between two objects, which can be dismantled or removed without damaging joining objects. Plastics fasteners product catalog contains products such as plastic screws including thumb and press-lock, threaded rod, bolts, nuts, washers. It also includes screw insulators, shoulder washers, spacers, hole plugs, panel fasteners, wire handling hardware and accessories, hose clamps, circuit board hardware, cable ties, assortment kits, installation tools, and others.

Increasing preference towards plastic fasteners over metal ones due to its product offerings such as its improved designs and lightweight characteristics, in building and construction sectors and automotive interiors is expected to propel demand of plastics fasteners. Plastic fasteners production is influenced by increasing production of automotive vehicles across various developed and developing economies. The market is highly competitive and fragmented owing to several small-scale manufacturers in developed and developing countries.

Increasing demand for high-efficiency vehicles with better performance has led to increased demand for lightweight components in automotive industry. This product offers corrosion resistance and high durability. In addition, these products are available in numerous colors and shapes, that helps car manufacturers to maintain aesthetic appeal of vehicles. These are some additional factors expected to drive growth of the market in near future.

Major factor expected to hamper growth of the plastic fasteners market is slowdown in the US automotive sector. Automobile demand in the US is declining due to tight credit conditions and high loan rates. thus expected to hamper the global plastic fasteners market growth.

Plastic fasteners market in Asia Pacific region is expected to account for major share in terms of revenue in 2016, and is estimated to grow at highest CAGR during the forecast period. Presence of major manufacturers in countries such as 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 plastic fasteners market in Asia Pacific region.

Global Plastic Fasteners Market Segmentation:

Segmentation by product type:

• Rivets & push-in clips
• Cable clips & ties
• Threaded fasteners
• Washers & spacers
• Others (Grommets & bushings and Wall plugs)

Segmentation by end-use industry:

• Automotive
• Electrical & Electronics
• Building & Construction
• Retail

 Segmentation by region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa