Plastic Fasteners Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025
- Transparency Market Research
- December 2035
- 0 pages
Plastic fasteners are plastic parts used to join or fix two or more objects together. Plastic screws, bolts, nuts, washers, threaded rods, and balls are a few examples of plastic fasteners. Plastic fasteners are manufactured employing two processes: plastic molding and machining. These fasteners are manufactured from different plastics such as nylon, polyethylene, acetal, polycarbonate, PVC, polypropylene, and ABS. Each type of plastic offers certain advantages over the other. For instance, polypropylene is a cost effective material that combines the required thermal, chemical, electrical, and mechanical properties in one material, which is not found in other material. ABS provides ease of machining to close tolerances and can be easily molded. Plastic fasteners provide numerous advantages over their metal counterparts. These fasteners are a preferred choice in application areas requiring a combination of environmental, thermal, optical, chemical, and electrical properties. Moreover, they provide lightweight and inexpensive substitute to their metal counterparts. Fasteners made from nylon are cost effective and are half the weight of aluminum fasteners. These advantages have increased the adoption of plastic fasteners in applications such as automotive, marine, space, and oil & gas. However, different types of plastics have their shortcomings. For example, nylon is the most used material for plastic fasteners; however, its lack of reliability and durability inhibits its use in applications such as mining, railroads, and building & construction, which require high strength and resilience. Thus, there exists a need for substitutes in order to overcome the limitations offered by different plastic materials used for plastic fastener manufacturing. This in turn is offers high chances of internal substitution in the plastic fasteners market.
Based on product type, the plastic fasteners market can be bifurcated into threaded and non-threaded plastic fasteners. Bolts, screws, rods, studs, and nuts are examples of threaded plastic fasteners while rivets, washers, pin fasteners, quick-operating fasteners, retaining rings, inserts, and spacers are examples of non-threaded plastic fasteners. Currently, the market is dominated by threaded plastic fasteners, and the segment is anticipated to expand at a considerable pace during the forecast period.
In terms of material used, the plastic fasteners market can be segmented into, nylon, polyethylene, acetal, polycarbonate, PVC, polypropylene, ABS, and others. Others segment includes materials such as isoplast, polycarbonate, PVDF etc. Presently, nylon dominates the plastic fasteners market. Nylon, as a material for plastic fasteners, provides good insulating properties and high resistance against corrosion as compared to other plastic material substitutes. Additionally, it weighs half as much as aluminum, making it a preferred choice for several end-users industries. Therefore, the market for nylon is anticipated to expand at a significant pace in the forecast period.
In terms of geography, the global plastic fasteners market is dominated by Asia Pacific due to rapid expansion of the plastic industry and its end-user industries. Countries such as China and India are among the major contributors in terms of consumption to the plastic fasteners market in Asia Pacific. Rapid urbanization and industrialization in China and India are anticipated to fuel the demand for plastic fasteners in end-user industries such as automotive and electronics. These industries are anticipated to expand at a rapidly during the forecast period. This in turn is propelling the demand for plastic fasteners in the region.
Key players operating in the plastic fasteners market include E & T Fasteners, micro plastics, inc., Stanley Engineered Fastening, Craftech Industries, Melfast, Inc., and Product Components Corporation.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
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- Market segments and sub-segments
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The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
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A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
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- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
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