Global Plastic Fasteners Market Estimated To Augment And Attain Over USD 6.17 Billion During 2025

(MENAFN- Zion Market Research) As per analysts at Zion Market Research, the global plastic fasteners market is estimated to reach USD 6.17 billion by the end of 2025, growing at a CAGR of over 6.6% during the forecasted period 20192025. Plastics fastener is a product that mechanically joins two or more objects together. These fasteners are used for building a temporary bond amid two objects, which can be removed or dismantled without affecting the joining objects. The plastics fasteners product catalog includes products like plastic screws as well as thumb & press-lock, nuts, threaded rod, bolts, and washers. It also comprises shoulder washers, screw insulators, spacers, panel fasteners, hole plugs, hose clamps, wire handling hardware & accessories, cable ties, circuit board hardware, installation tools, assortment kits, and others.

Some of the leading players in the market are Micro Plastics, Inc.; E & T Fasteners; Craftech Industries; Stanley Engineered Fastening; Product Components Corporation; and Melfast, Inc.

Increasing Manufacturing Of Automotive Vehicles Globally To Accelerate The Market Growth

The surging preference toward plastic fasteners compared to metal ones owing to its product offerings like its enhanced designs & lightweight traits, in building & construction segments, and automotive interiors is anticipated to impel the demand of plastics fasteners. The production of plastic fasteners is influenced by the surging manufacturing of automotive vehicles in developing and developed economies. The market is extremely competitive and fragmented due to many small-scale producers in emerged and emerging countries. The augmenting demand for high-efficiency vehicles with high performance has resulted in surged demand for lightweight components in the automotive industry. This product presents high durability and corrosion resistance. Additionally, these products are obtainable in various colors & shapes, which aid car producers to maintain the artistic appeal of vehicles. These are some supplementary aspects likely to propel the growth of the market in the coming years.

The global plastic fasteners market is bifurcated on the basis of product type, end-use industry, and regional analysis. Based on the product type, the market is divided into threaded fasteners, rivets & push-in clips, washers & spacers, cable clips & ties, and others (wall plugs and grommets & bushings). Based on the end-use industry, the market is categorized into retail, building & construction, electrical & electronics, and automotive.

The Asia Pacific Region Projected To Dominate The Global Plastic Fasteners Market During Forecasted Period

Based on geographical analysis, the global plastic fasteners market is divided into North America, Europe, Latin America, Asia Pacific, and Middle East & Africa. The Asia Pacific region dominated the global market owing to the rapid development of the plastic industry and its end-user industries. Nations like India and China are amongst the major contributors with regard to consumption to the plastic fasteners market across the Asia Pacific region. Rapid industrialization and urbanization in India and China are expected to boost the demand for plastic fasteners from end-user industries like automotive and electronics. These end-user industries are expected to advance rapidly over the forecasted period.

Browse the full  'Plastic Fasteners Market - By Product Type (Cable Clips & Ties, Rivets & Push-In Clips, Washers & Spacers, Threaded Fasteners, and Others), By End-Use Industry (Electrical & Electronics, Automotive, Retail, and Building & Construction), And By Region - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2019 2025.  Report at [...]

The global plastic fasteners market is segmented as follows:

By product type:

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

By end-use industry:

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

By region:

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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