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Forecast Year
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.
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.
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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 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.
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The major product types in the industry are:
The market can be broadly categorised, on the basis of end user, into:
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.
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.
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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:
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 | 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:
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Breakup by Product Type |
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Breakup by End User |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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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. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2023, the global plastic fasteners market attained a value of more than USD 6.00 billion.
The market is projected to grow at a CAGR of 6.12% between 2024 and 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.
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.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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