Study papers on Plastic Fasteners market and regional forecast. Plastic Fasteners market players are Illinois Tool Works (US), A Raymond (France), Nifco (Japan), Stanley Black & Decker (US), and Bossard Group (Switzerland).
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Plastic fasteners market is projected to grow from an estimated USD4.45 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.
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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.
- Manufacturers, Dealers, and Suppliers of Plastic fasteners
- End Users of Plastic fasteners
- Government and Research Organizations
- Companies Operational in Material R&D
- Associations and Industrial Bodies
- Investment Banks
- Consulting Companies/Consultants in Chemical and Material Sectors
The growth of the plastic fasteners market in the Asia Pacific region can be attributed to the rising demand for passenger vehicles in China, South Korea, India, and Japan. Consumers in the Asia Pacific region are inclined towards the purchase of lightweight and cost-effective automobiles.
Factors such as low production costs, availability of economic labor force, lenient emission and safety norms, and government initiatives for foreign direct investments have led to the growth of the automotive industry in this region. Thus, the increase in the production of automobiles has contributed to the high demand for plastic fasteners in the Asia Pacific region.
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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.
2 Market Ranking Analysis
3 Competitive Situation & Trends
Get “Plastic Fasteners Market” Report is now available at www.rnrmarketresearch.com/contacts…unt?rname=1361950
The report defines, segments, and projects the plastic fasteners market based on product type, end user, and region. It provides detailed information regarding the major factors influencing the growth of the market, such as drivers, opportunities, and industry-specific challenges.
It also strategically profiles key players and comprehensively analyzes their market shares and core competencies. The report analyzes competitive developments, such as expansions; acquisitions; agreements; and collaborations undertaken by key players to achieve growth in the market.
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