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Author(s) : Eswara Prasad | Tables: NA | Charts: NA |
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Pandemic disrupted the entire world and affected many industries.
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Plastic fasteners are pieces that are used to connect two or more things. Plastic fasteners include screws, bolts, nuts, washers, threaded rods, and balls, to name a few. Two procedures are used to make plastic fasteners: plastic molding and machining. Plastics such as nylon, polyethylene, acetyl, polycarbonate, PVC, polypropylene, and ABS are used to make them. Each form of plastic has its own set of benefits over the others. Polypropylene, for example, is a low-cost material that combines the requisite thermal, chemical, electrical, and mechanical qualities in a single substance that is not found in any other material. They are a lighter and less cost alternative to their metal counterparts. Nylon fasteners are less expensive and weigh half as much as aluminum fasteners. These benefits have boosted the use of plastic fasteners in industries like automotive, marine, space, and oil and gas. Distinct types of plastics have different drawbacks. Nylon, for example, is the most commonly used material for plastic fasteners; nevertheless, its lack of reliability and durability prevents it from being utilized in applications requiring great strength and resilience, such as mining, railroads, and building and construction. As a result, alternatives are required to overcome the restrictions posed by various plastic materials utilized in the manufacture of plastic fasteners. This, in turn, increases the risks of internal replacement in the market for plastic fasteners.
Market scope and Structure Analysis
Report Metric | Detail |
 Base year considered |  2020 |
 Forecast period |  2021-2030 |
 Forecast unit |  Value (USD) |
 Segments Covered |  Type, End-Use Industry and Region |
 Regions Covered |  North America, Europe, Asia-Pacific, LAMEA |
 Companies Covered | BASF SE (Germany), Heubach GmbH (Germany), Clariant (Switzerland), Trust Chem Co. Ltd (China), DIC Corporation (Japan), Changzhou Longyu Pigment Chemical Co. Ltd (China), Ferro Corporation (U.S.), Toyocolor Co. Ltd (Japan), Sudarshan Chemical Industries Limited (India), Synthesia AS (Czech Republic), and Dainichiseika Color Co. Ltd (China) |
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Covid-19 Impact Analysis
Top Impacting Factors
Increasing investments in residential and non-residential construction sectors, expansion in electronic industries, and expansion in the automotive industry are driving the Plastic Fasteners Market. Because of the current necessity to meet lightweight automotive, the automotive and aerospace sectors are trying to keep the weight of the object low. This objective is provided by these items, which have seen unprecedented growth. This market is expanding due to the emergence of fastener technology that is similar to or even better than that of its metal equivalent. Its features of light weight, low cost, and great performance make it useful in a variety of industries. Increased demand for Plastic Fasteners is being driven by the growth of the building industry in several nations, particularly in the Asia-Pacific region, as a result of rising population. Because they can withstand high electric voltages, they are widely employed in electrical applications.
Market trends
Key Segments Covered
Type
End-Use Industry
Region
Key Benefits of the Report
Questions Answered in the Plastic Fasteners Market Report
Key Market Segments
Segments | Sub-segments |
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By End Use Industry |
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Key Market Players
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