DUBLIN--(BUSINESS WIRE)--The "Plastic Fasteners Market by Product Type (Rivets & Push-In Clips, Cable Clips & Ties, Threaded Fasteners, Washers & Spacers), End User (Automotive, Electrical & Electronics, Building & Construction, Supermarkets), & Region - Global Forecast to 2022" report has been added to ResearchAndMarkets.com's offering.
The global plastic fasteners market is projected to grow from an estimated USD 4.45 billion in 2017 to USD 6.04 billion by 2022, at a CAGR of 6.3% from 2017 to 2022.
The growth of the automotive industry is a major driver for the plastic fasteners market. The automotive sector in China, India, Iran, and other countries is growing at a very fast pace, thereby increasing the demand for plastic fasteners. The support of governments of these countries has led to a favorable environment for local and foreign producers of automobiles to increase production.
The growth of the Asia and North America construction markets is another reason for the growth of the plastic fasteners market. Increasing investments in residential and non-residential construction sectors in these regions have created a demand for plastic fasteners. The slowdown in the US automotive industry is a major restraint for the plastic fasteners market.
The automotive segment is expected to be the fastest-growing end-user segment of the plastic fasteners market during the forecast period.
The automotive end-user segment is projected to lead the plastic fasteners market from 2017 to 2022. Superior properties of plastic fasteners, including low load bearing capacity, high tensile strength, and improved resistance to abrasion, corrosion, and chemical attacks are expected to drive the adoption of plastic fasteners in automobile manufacturing.
Asia Pacific is expected to account for the largest market share and be the fastest-growing market for plastic fasteners during the forecast period.
Key players operating in the plastic fasteners market include Illinois Tool Works (US), ARaymond (France), Nifco (Japan), Stanley Black & Decker (US), and Bossard Group (Switzerland), among others. These companies focus on investing in capacity expansions of plants to achieve growth in the plastic fasteners market.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Plastic Fasteners Market, By Product Type
7 Plastic Fasteners Market, By End User
8 Plastic Fasteners Market, By Region
9 Competitive Landscape
10 Company Profiles
- Anil Plastics & Enterprises
- Bossard Group
- Blte Plastics
- Canco Fasteners
- Craftech Industries
- E & T Fasteners
- Fontana Gruppo
- Illinois Tool Works
- Joxco Seals
- KGS Kitagawa Industries Co.
- Micro Plastics
- MW Industries
- Nyltite Corporation
- Penn Engineering
- Shamrock International Fasteners
- Shanghai Yuanmao Fastener Co.
- Stanley Black & Decker
- Surelock Plastics
- Termax Corporation
- Volt Industrial Plastics
- Wilhelm Bllhoff GmbH & Co.
For more information about this report visit https://www.researchandmarkets.com/research/bjs7tq/plastic_fasteners?w=4