plastic fasteners market
Automotive

Global plastic fasteners market growth to be driven by increasing demand from automobile and construction industry globally

Plastics fastener product is a hardware which mechanically attaches or joins two or more components together. Plastics fasteners are employed to build a non-permanent link between any two objects, that can be dismantled without damaging assembly. Plastics fasteners catalog contains products such as assortment kits, shoulder washers, plastic screws including thumb and press-lock, spacers, hole plugs, nuts, bolts, screw insulators, washers, threaded rod, panel fasteners, wire handling hardware accessories, circuit board hardware, cable ties, hose clamps, installation tools, and others.

The global plastic fasteners market report has been segmented on the basis of product type, end-use industry, and region.

On the basis of product type, the global plastic fasteners market has been segmented into rivets & push-in clips, cable clips & ties, threaded fasteners, washers & spacers, and others (grommets & bushings and wall plugs). The rivets & push-in clips segment is projected to account for highest share in terms of revenue in the global market during the forecast period, and is projected to witness a significant growth over the forecast period. This can be attributed to increasing demand for plastic fasteners from electrical & electronics and automobile industry.

Among the end-use industry segments, automotive, electrical & electronics, building & construction, and retails. The automotive segment is expected to account for highest share in the global plastic fasteners market in terms of revenue. The automotive segment is projected to register highest CAGR during next five years, owing to increasing demand for fuel-efficient and lightweight automobiles in developed as well as developing economics.

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On the basis of region, the global plastic fasteners market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Asia Pacific market accounted for major share in terms of revenue in the global plastic fasteners market in 2016. Asia Pacific plastic fasteners market is projected to witness higher growth over next nine years, owing to increasing demand from construction and building and automotive sectors.

Key players operating in the global market include Illinois Tool Works, Araymond, Nifco, Stanley Black & Decker, Bossard Group, Avery Dennison Corporation, Volt Industrial Plastics, ATF Inc., MW Industries, Inc., and E & T Fasteners.

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