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Global Plastic Fasteners Market to Grow at a CAGR of 6.12% During 2024-2032, Driven by the Increasing Construction Activities

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Plastic Fasteners Market

Global Plastic Fasteners Market Size, Share, Growth, Trends: 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: Automotive, Electrical and Electronics, Others; Regional Analysis; Competitive Landscape; 2024-2032

Global Plastic Fasteners Market Outlook

The global plastic fasteners market attained a value of more than USD 6.00 billion in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 6.12% to reach over USD 10.30 billion by 2032.

 

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 Market 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.

 

Global Plastic Fasteners Market

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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.

 

Global Plastic Fasteners Market

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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.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
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
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
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.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR 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    Opportunities and Challenges in the Market
8    Global Plastic Fasteners Market Analysis
    8.1    Key Industry Highlights
    8.2    Global Plastic Fasteners Historical Market (2018-2023) 
    8.3    Global Plastic Fasteners Market Forecast (2024-2032)
    8.4    Global Plastic Fasteners Market by Product Type
        8.4.1    Washers and Spacers
            8.4.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    Grommets and Bushings
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032)
        8.4.3    Threaded Fasteners
            8.4.3.1    Historical Trend (2018-2023)
            8.4.3.2    Forecast Trend (2024-2032)
        8.4.4    Rivets and Push-in Clips
            8.4.4.1    Historical Trend (2018-2023)
            8.4.4.2    Forecast Trend (2024-2032)
        8.4.5    Cable Clips and Ties
            8.4.5.1    Historical Trend (2018-2023)
            8.4.5.2    Forecast Trend (2024-2032)
        8.4.6    Wall Plugs
            8.4.6.1    Historical Trend (2018-2023)
            8.4.6.2    Forecast Trend (2024-2032)
        8.4.7    Others
    8.5    Global Plastic Fasteners Market by End User
        8.5.1    Automotive
            8.5.1.1    Historical Trend (2018-2023)
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    Electrical and Electronics
            8.5.2.1    Historical Trend (2018-2023)
            8.5.2.2    Forecast Trend (2024-2032)
        8.5.3    Building and Construction
            8.5.3.1    Historical Trend (2018-2023)
            8.5.3.2    Forecast Trend (2024-2032)
        8.5.4    Others
    8.6    Global Plastic Fasteners Market by Region       
        8.6.1    North America
            8.6.1.1    Historical Trend (2018-2023) 
            8.6.1.2    Forecast Trend (2024-2032)
        8.6.2    Europe
            8.6.2.1    Historical Trend (2018-2023) 
            8.6.2.2    Forecast Trend (2024-2032)
        8.6.3    Asia Pacific
            8.6.3.1    Historical Trend (2018-2023) 
            8.6.3.2    Forecast Trend (2024-2032)
        8.6.4    Latin America
            8.6.4.1    Historical Trend (2018-2023) 
            8.6.4.2    Forecast Trend (2024-2032)
        8.6.5    Middle East and Africa
            8.6.5.1    Historical Trend (2018-2023) 
            8.6.5.2    Forecast Trend (2024-2032) 
9    North America Soy Protein Ingredient Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2023) 
        9.1.2    Forecast Trend (2024-2032)
    9.2    Canada
        9.2.1    Historical Trend (2018-2023) 
        9.2.2    Forecast Trend (2024-2032)
10    Europe Soy Protein Ingredient Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2023) 
        10.1.2    Forecast Trend (2024-2032)
    10.2    Germany
        10.2.1    Historical Trend (2018-2023) 
        10.2.2    Forecast Trend (2024-2032)
    10.3    France
        10.3.1    Historical Trend (2018-2023) 
        10.3.2    Forecast Trend (2024-2032)
    10.4    Italy
        10.4.1    Historical Trend (2018-2023) 
        10.4.2    Forecast Trend (2024-2032)
    10.5    Others
11    Asia Pacific Soy Protein Ingredient Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2023) 
        11.1.2    Forecast Trend (2024-2032)
    11.2    Japan
        11.2.1    Historical Trend (2018-2023) 
        11.2.2    Forecast Trend (2024-2032)
    11.3    India
        11.3.1    Historical Trend (2018-2023) 
        11.3.2    Forecast Trend (2024-2032)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2023) 
        11.4.2    Forecast Trend (2024-2032)
    11.5    Australia
        11.5.1    Historical Trend (2018-2023) 
        11.5.2    Forecast Trend (2024-2032)
    11.6    Others
12    Latin America Soy Protein Ingredient Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2023) 
        12.1.2    Forecast Trend (2024-2032)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2023) 
        12.2.2    Forecast Trend (2024-2032)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2023) 
        12.3.2    Forecast Trend (2024-2032)
    12.4    Others
13    Middle East and Africa Soy Protein Ingredient Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2023) 
        13.1.2    Forecast Trend (2024-2032)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2023) 
        13.2.2    Forecast Trend (2024-2032)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2023) 
        13.3.2    Forecast Trend (2024-2032)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2023) 
        13.4.2    Forecast Trend (2024-2032)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Value Chain Analysis
16    Competitive Landscape
    16.1    Market Structure
    16.2    Company Profiles
        16.2.1    Illinois Tool Works Inc.
            16.2.1.1    Company Overview
            16.2.1.2    Product Portfolio
            16.2.1.3    Demographic Reach and Achievements
            16.2.1.4    Certifications
        16.2.2    Raygroup SASU
            16.2.2.1    Company Overview
            16.2.2.2    Product Portfolio
            16.2.2.3    Demographic Reach and Achievements
            16.2.2.4    Certifications
        16.2.3    Nifco Inc.
            16.2.3.1    Company Overview
            16.2.3.2    Product Portfolio
            16.2.3.3    Demographic Reach and Achievements
            16.2.3.4    Certifications
        16.2.4    Stanley Black & Decker, Inc.
            16.2.4.1    Company Overview
            16.2.4.2    Product Portfolio
            16.2.4.3    Demographic Reach and Achievements
            16.2.4.4    Certifications
        16.2.5    Bossard Group
            16.2.5.1    Company Overview
            16.2.5.2    Product Portfolio
            16.2.5.3    Demographic Reach and Achievements
            16.2.5.4    Certifications
        16.2.6    Others
17    Key Trends and Developments in the Market


List of Key Figures and Tables

1.    Global Plastic Fasteners Market: Key Industry Highlights, 2018 and 2032
2.    Global Plastic Fasteners Historical Market: Breakup by Product Type (USD Billion), 2018-2023
3.    Global Plastic Fasteners Market Forecast: Breakup by Product Type (USD Billion), 2024-2032
4.    Global Plastic Fasteners Historical Market: Breakup by End User (USD Billion), 2018-2023
5.    Global Plastic Fasteners Market Forecast: Breakup by End User (USD Billion), 2024-2032
6.    Global Plastic Fasteners Historical Market: Breakup by Region (USD Billion), 2018-2023
7.    Global Plastic Fasteners Market Forecast: Breakup by Region (USD Billion), 2024-2032
8.    North America Plastic Fasteners Historical Market: Breakup by Country (USD Billion), 2018-2023
9.    North America Plastic Fasteners Market Forecast: Breakup by Country (USD Billion), 2024-2032
10.    Europe Plastic Fasteners Historical Market: Breakup by Country (USD Billion), 2018-2023
11.    Europe Plastic Fasteners Market Forecast: Breakup by Country (USD Billion), 2024-2032
12.    Asia Pacific Plastic Fasteners Historical Market: Breakup by Country (USD Billion), 2018-2023
13.    Asia Pacific Plastic Fasteners Market Forecast: Breakup by Country (USD Billion), 2024-2032
14.    Latin America Plastic Fasteners Historical Market: Breakup by Country (USD Billion), 2018-2023
15.    Latin America Plastic Fasteners Market Forecast: Breakup by Country (USD Billion), 2024-2032
16.    Middle East and Africa Plastic Fasteners Historical Market: Breakup by Country (USD Billion), 2018-2023
17.    Middle East and Africa Plastic Fasteners Market Forecast: Breakup by Country (USD Billion), 2024-2032
18.    Global Plastic Fasteners Market Structure

Key Questions Answered in the Report

What was the global plastic fasteners market size in 2023?

In 2023, the global plastic fasteners market attained a value of more than USD 6.00 billion.

What is the growth rate of the market?

The market is projected to grow at a CAGR of 6.12% between 2024 and 2032.

What is the forecast outlook of the market for 2024-2032?

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach over USD 10.30 billion by 2032.

What are the major industry drivers?

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.

What are the key industry trends of the global plastic fasteners market?

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

What are the major regional markets of plastic fasteners, according to the EMR report?

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

What are the significant product types considered within the market report?

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.

What are the major end users of the product?

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

Who are the key industry players, according to the report?

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 6.00 billion in 2023, 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 2024-2032, growing at a CAGR of 6.12%. The market is projected to reach over USD 10.30 billion by 2032.

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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