Plastic Fasteners Market Size, Share, Trends, Growth 2032

Plastic Fasteners Market Insights

Zion Market Research has published a report on the global Plastic Fasteners Market, estimating its value at USD 5.54 Billion in 2023, with projections indicating that it will reach USD 9.52 Billion by 2032. The market is expected to expand at a compound annual growth rate (CAGR) of 6.2% over the forecast period 2024-2032.

The report explores the factors fueling market growth, the hitches that could hamper this expansion, and the opportunities that may arise in the Plastic Fasteners industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.

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The report offers valuation and analysis of the Plastic Fasteners market on a global as well as regional level. The study offers a comprehensive assessment of the industry competition, restraints, revenue estimates, avenues, current & emerging trends, and industry-validated market information. The report offers historical data from 2018 to 2022 along with a forecast from 2024 to 2032 based on value (USD Billion).

Plastic Fasteners Market : Overview

Plastic fasteners are the components of plastic that are utilized for either joining or fixing two or more than two objects together. For instance, plastic screw, nuts, threaded rods, bolts, washers, and balls are some of the types of plastic fasteners. These products are produced through the use of two procedures, namely, machining and plastic molding. Apparently, the raw materials used for producing these products are polypropylene, polycarbonate, nylon, ABS, acetal, polyethylene, and PVC.

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Plastic Fasteners Market : Growth Drivers

Beneficial thermal, electrical, ecological, chemical, and optical features of the product will create lucrative growth avenues for the plastic fasteners industry over the forthcoming years. Apparently, these products are light in weight and inexpensive as compared to its metal equivalents and hence have a humungous demand.  In addition to this, large-scale popularity of these products in automotive, space, oil & gas, and marine sectors will create lucrative growth avenues for the plastic fasteners industry over the ensuing years.

Furthermore, rise in the popularity of the plastic fasteners across the globe will propel the market demand over the forecast timeline. However, introduction of new laws restricting the use of plastics will hinder the growth of the market over the forthcoming years.

Plastic Fasteners Market: Report Scope

Asia Pacific Industry To Gain Leading Position During 2024-2032

The expansion of industry in Asia Pacific over the forecast timeline is due to thriving plastic sector in the developing Asian countries. Reportedly, China and India are predicted to make lucrative contributions towards the regional market size in the forthcoming years. Apparently, rising industrialization in countries like China and India are projected to enhance the product penetration in the sub-continent. Thriving electronics and vehicle sectors will favorably transform the growth phase of the market in the region over the forecasting years.

Plastic Fasteners Market: Competitive Analysis

The global plastic fasteners market is dominated by players like:

• E & T Fasteners
• Product Components Corporation
• Micro Plastics, Inc
• Stanley Engineered Fastening
• Craftech Industries
• Melfast, Inc

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