Plastic Fasteners Market by End-user and Geography – Global Forecast to 2025 – QNT Press Release


NEW YORK, June 23, 2022 /PRNewswire/ — The Plastic Fasteners Market is segmented by end-user (automotive, electrical and electronics, building and construction, supermarkets, and others). The market share growth by the automotive will be significant during the forecast period. Plastic fasteners are used as substitutes for metal components in the automotive industry. Plastic fasteners are used to produce lightweight, fuel-efficient, and environment-friendly automobiles because of the stringent environmental regulations on vehicle emissions. Companies such as Jaguar Land Rover Ltd., BMW AG, Ford Motor Co., and Renault SA are among the top manufacturers of vehicles across the world. These companies have large manufacturing hubs for automotive production in various countries. Such factors constitute the growth of the automotive segment, which, in turn, will drive the growth of the market during the forecast period.

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The Plastic Fasteners Market value is set to grow by USD 1.83 billion from 2020 to 2025as per the latest report by Technavio. Moreover, the cost advantages of using plastic fasteners is notably driving the plastic fasteners market growth, although factors such as stringent regulations against the use of plastic may impede market growth.

Plastic Fasteners Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Decelerate at a CAGR of 6.4%

Market growth 2021-2025

$1.83 billion

Market structure

Fragmented

YoY growth (%)

8.97

Regional analysis

APAC, Europe, North America, MEA, and South America

Performing market contribution

APAC at 43%

Key consumer countries

US, China, Germany, India, and UK

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Avery Dennison Corp., Bossard Holding AG, Illinois Tool Works Inc., MW Industries Inc., Nifco Inc., Nyltite Corp., Penn Engineering, Raygroup SASU, Shanghai Yuanmao Fastener Co. Ltd., and Stanley Black and Decker Inc.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization preview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Plastic Fasteners Market 2021-2025: Segmentation

  • Geography
    • APAC
    • Europe
    • North America
    • MEA
    • South America

43% of the market’s growth will originate from APAC during the forecast period. China and India are the key markets for plastic…

Full story available on Benzinga.com



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