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Global Plastic Fasteners Market: By Product Type: Washers and Spacers, Grommets and Bushings, Threaded Fasteners, Rivets and Push-in Clips, Cable Clips and Ties, Wall Plugs, Others; By End User; Regional Analysis; Historical Market and Forecast (2017-2027); Market Dynamics; Competitive Landscape; Industry Events and Developments

Global Plastic Fasteners Market Outlook

The global plastic fasteners market attained a value of more than USD 5.33 billion in 2021. The market is further expected to grow in the forecast period of 2022-2027 at a CAGR of 6.12% to reach over USD 7.65 billion by 2027.

 

Rapid Expansion of the Construction Sector to Bolster the Growth of the Plastic Fasteners Industry

The plastic fasteners industry is expected to observe a robust growth in the forecast years, due to the rise in construction activities. This is further expected to be fuelled by the growing investments by the governments in infrastructure development activities. Additionally, the increased research and development activities are predicted to offer significant growth opportunities to the market.

 

Global Plastic Fasteners Market

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Geographically, the Asia Pacific is anticipated to be one of the leading regions in the industry, owing to the increased expenditure by the governments in the automotive sector. In addition, the increasing demand for affordable and lightweight vehicles is also estimated to propel the market growth.

 

Plastic Fasteners: Industry Definition and Segmentation

Plastic fasteners are plastic tools that are used to join or secure materials together. These are used to create joints that can be removed without damaging the joining components. They are flexible, strong screws or other plastic tools which are used to maintain stiffness, temperature, and strength. Plastic fasteners can be made from nylon, PVC, and polypropylene.

The major product types in the industry are:

  • Washers and Spacers
  • Grommets and Bushings
  • Threaded Fasteners
  • Rivets and Push-in Clips
  • Cable Clips and Ties
  • Wall Plugs
  • Others

The market can be broadly categorised, on the basis of end user, into:

  • Automotive
  • Electrical and Electronics
  • Building and Construction
  • Others

The EMR report looks into the regional markets of plastic fasteners like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Heightened Demand for Plastic Fasteners in the Electronics Industry to Augment the Market Growth

The growing demand for fasteners in the production of electronic and electrical devices is projected to bolster the market growth in the forecast period. Plastic fasteners are better than metal fasteners, as they hold up well in appliances and are available in different shapes and sizes. These are widely used in circuit boards for securing, spacing, guiding, and supporting electronics. For instance, nylon fasteners are commonly used in washing machines, household appliances, and automotive parts. Additionally, the growing investments in the residential and non-residential construction activities are expected to further drive the market growth for plastic fasteners. The rising global population is predicted to lead to an increased demand for residential and commercial infrastructure, which is expected to propel the market growth in the coming years. Some of the benefits of using rivet, a plastic fastener type, is that one does not need to weld the material together as part of fastening it. Meanwhile, cable ties are also commonly utilised to fasten wires into organised bundles. These factors are estimated to aid the industry growth in the forecast period.

 

Key Industry Players in the Global Plastic Fasteners Market

The report presents a detailed analysis of the following key players in the global plastic fasteners market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

  • Illinois Tool Works Inc.
  • Raygroup SASU
  • Nifco Inc.
  • Stanley Black & Decker, Inc.
  • Bossard Group
  • Others

The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

 

REPORT FEATURES DETAILS
Base Year 2021
Historical Period 2017-2021
Forecast Period 2022-2027
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Product Type, End User, Region
Breakup by Product Type Washers and Spacers, Grommets and Bushings, Threaded Fasteners, Rivets and Push-in Clips, Cable Clips and Ties, Wall Plugs, Others
Breakup by End User Automotive, Electrical and Electronics, Building and Construction, Others
Breakup by Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, EMR’s Key Indicators for Price and Demand
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered Illinois Tool Works Inc., Raygroup SASU, Nifco Inc., Stanley Black & Decker, Inc., Bossard Group, Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Plastic Fasteners Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Plastic Fasteners Historical Market (2017-2021) 
    8.3    Global Plastic Fasteners Market Forecast (2022-2027)
    8.4    Global Plastic Fasteners Market by Product Type
        8.4.1    Washers and Spacers
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2017-2021)
            8.4.1.3    Forecast Trend (2022-2027)
        8.4.2    Grommets and Bushings
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2017-2021)
            8.4.2.3    Forecast Trend (2022-2027)
        8.4.3    Threaded Fasteners
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2017-2021)
            8.4.3.3    Forecast Trend (2022-2027)
        8.4.4    Rivets and Push-in Clips
            8.4.4.1    Market Share
            8.4.4.2    Historical Trend (2017-2021)
            8.4.4.3    Forecast Trend (2022-2027)
        8.4.5    Cable Clips and Ties
            8.4.5.1    Market Share
            8.4.5.2    Historical Trend (2017-2021)
            8.4.5.3    Forecast Trend (2022-2027)
        8.4.6    Wall Plugs
            8.4.6.1    Market Share
            8.4.6.2    Historical Trend (2017-2021)
            8.4.6.3    Forecast Trend (2022-2027)
        8.4.7    Others
    8.5    Global Plastic Fasteners Market by End User
        8.5.1    Automotive
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2017-2021)
            8.5.1.3    Forecast Trend (2022-2027)
        8.5.2    Electrical and Electronics
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2017-2021)
            8.5.2.3    Forecast Trend (2022-2027)
        8.5.3    Building and Construction
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2017-2021)
            8.5.3.3    Forecast Trend (2022-2027)
        8.5.4    Others
    8.6    Global Plastic Fasteners Market by Region
        8.6.1    Market Share
            8.6.1.1    North America
            8.6.1.2    Europe
            8.6.1.3    Asia Pacific
            8.6.1.4    Latin America
            8.6.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2017-2021)
        9.1.2    Forecast Trend (2022-2027)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2017-2021)
        9.2.2    Forecast Trend (2022-2027)
        9.2.3    Breakup by Country 
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2017-2021)
        9.3.2    Forecast Trend (2022-2027)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2017-2021)
        9.4.2    Forecast Trend (2022-2027)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2017-2021)
        9.5.2    Forecast Trend (2022-2027)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis
12    Competitive Landscape

    12.1    Market Structure
    12.2    Company Profiles
        12.2.1    Illinois Tool Works Inc.
            12.2.1.1    Company Overview
            12.2.1.2    Product Portfolio
            12.2.1.3    Demographic Reach and Achievements
            12.2.1.4    Certifications
        12.2.2    Raygroup SASU
            12.2.2.1    Company Overview
            12.2.2.2    Product Portfolio
            12.2.2.3    Demographic Reach and Achievements
            12.2.2.4    Certifications
        12.2.3    Nifco Inc.
            12.2.3.1    Company Overview
            12.2.3.2    Product Portfolio
            12.2.3.3    Demographic Reach and Achievements
            12.2.3.4    Certifications
        12.2.4    Stanley Black & Decker, Inc.
            12.2.4.1    Company Overview
            12.2.4.2    Product Portfolio
            12.2.4.3    Demographic Reach and Achievements
            12.2.4.4    Certifications
        12.2.5    Bossard Group
            12.2.5.1    Company Overview
            12.2.5.2    Product Portfolio
            12.2.5.3    Demographic Reach and Achievements
            12.2.5.4    Certifications
        12.2.6    Others
13    Industry Events and Developments


List of Figures and Tables

1.    Global Plastic Fasteners Market: Key Industry Highlights, 2017 and 2027
2.    Global Plastic Fasteners Historical Market: Breakup by Product Type (USD Billion), 2017-2021
3.    Global Plastic Fasteners Market Forecast: Breakup by Product Type (USD Billion), 2022-2027
4.    Global Plastic Fasteners Historical Market: Breakup by End User (USD Billion), 2017-2021
5.    Global Plastic Fasteners Market Forecast: Breakup by End User (USD Billion), 2022-2027
6.    Global Plastic Fasteners Historical Market: Breakup by Region (USD Billion), 2017-2021
7.    Global Plastic Fasteners Market Forecast: Breakup by Region (USD Billion), 2022-2027
8.    North America Plastic Fasteners Historical Market: Breakup by Country (USD Billion), 2017-2021
9.    North America Plastic Fasteners Market Forecast: Breakup by Country (USD Billion), 2022-2027
10.    Europe Plastic Fasteners Historical Market: Breakup by Country (USD Billion), 2017-2021
11.    Europe Plastic Fasteners Market Forecast: Breakup by Country (USD Billion), 2022-2027
12.    Asia Pacific Plastic Fasteners Historical Market: Breakup by Country (USD Billion), 2017-2021
13.    Asia Pacific Plastic Fasteners Market Forecast: Breakup by Country (USD Billion), 2022-2027
14.    Latin America Plastic Fasteners Historical Market: Breakup by Country (USD Billion), 2017-2021
15.    Latin America Plastic Fasteners Market Forecast: Breakup by Country (USD Billion), 2022-2027
16.    Middle East and Africa Plastic Fasteners Historical Market: Breakup by Country (USD Billion), 2017-2021
17.    Middle East and Africa Plastic Fasteners Market Forecast: Breakup by Country (USD Billion), 2022-2027
18.    Global Plastic Fasteners Market Structure

Key Questions Answered in the Report

In 2021, the global plastic fasteners market attained a value of more than USD 5.33 billion.

The market is projected to grow at a CAGR of 6.12% between 2022 and 2027.

The market is estimated to witness a healthy growth in the forecast period of 2022-2027 to reach over USD 7.65 billion by 2027.

The major drivers of the industry, such as the growing industrialisation and urbanisation, growing automotive sector, increasing demand for plastic fasteners in various applications, growing investments by key players, are expected to aid the market growth.

The key market trends guiding the growth of the industry include the heightened demand in the construction sector.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The significant product types include washers and spacers, grommets and bushings, threaded fasteners, rivets and push-in clips, cable clips and ties, and wall plugs, among others.

The major end users include automotive, electrical and electronics, and building and construction, among others.

The major players in the industry are Illinois Tool Works Inc., Raygroup SASU, Nifco Inc., Stanley Black & Decker, Inc., and Bossard Group, among others.

Analyst Review

The global plastic fasteners market attained a value of more than USD 5.33 billion in 2021, driven by the increase in construction activities. Aided by the growing industrialisation, the market is expected to witness a further growth in the forecast period of 2022-2027, growing at a CAGR of 6.12%. The market is projected to reach over USD 7.65 billion by 2027.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on product type, the plastic fasteners industry can be segmented into washers and spacers, grommets and bushings, threaded fasteners, rivets and push-in clips, cable clips and ties, and wall plugs, among others. On the basis of end user, the market is broadly categorised as automotive, electrical and electronics, and building and construction, among others. The major regional markets for plastic fasteners are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Illinois Tool Works Inc., Raygroup SASU, Nifco Inc., Stanley Black & Decker, Inc., and Bossard Group, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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