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Energy Industry News Releases

Plastic Fasteners Market worth 6.04 Billion USD by 2022


(EnergyIndustry.Net, July 15, 2020 ) The report "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), and Region - Global Forecast to 2022", 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 growth of the Asia and North America construction markets is another reason for the growth of the plastic fasteners market.

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The rivets & push-in clips segment is estimated to account for the share of the plastic fasteners market in 2017.

Based on product type, the rivets & push-in clips segment is estimated to account for the largest share of the plastic fasteners market in 2017. Rivets are permanent fasteners primarily used in applications that require ease of installation or removability. Push-in clips are used to connect plastic parts, light sheet metals, and insulating materials.

The automotive segment is estimated to be the largest end-user segment of the plastic fasteners market in 2017.

Based on end user, the automotive segment is estimated to be the largest end-user segment of the plastic fasteners market in 2017. There are numerous varieties of plastic fasteners, such as interior trim plastic fasteners, U-shaped clip fasteners, rivets and plastic clips, rear facing clips, and expanding nuts. Interior trim plastic fasteners are used in interior parts of automobiles, such as door panels, boot panels, boot liners, armrests, and speaker mounts. U-shaped clip fasteners are used for easy assembly and disassembly operations in automobiles. Rivets and plastic clips can be used in lightweight assemblies, such as trim panels and insulation panels.

Don't miss out on business opportunities in Plastic Fasteners Market. Speak to Our Analyst and gain crucial industry insights that will help your business grow.

Browse in-depth TOC on "Plastic Fasteners Market”
88 – Market Data Tables
31 - Figures
138 - Pages

Asia Pacific is expected to witness the highest growth in the plastic fasteners market during the forecast period.

China is the largest consumer of plastic fasteners in the Asia Pacific region. Favorable investment policies, coupled with low labor cost, have made China an ideal market for automotive OEMs and lightweight material manufacturers and suppliers. The increase in demand for automobiles in China is one of the most significant factors influencing the growth of the plastic fasteners market in this country.

Key players in the plastic fasteners market include Illinois Tool Works (US), ARaymond (France), Nifco (Japan), Stanley Black & Decker (US), and Bossard Group (Switzerland), among others.

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About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.


Mr. Aashish Mehra


Source: EmailWire.Com

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