NEW YORK, Oct. 12, 2021 /PRNewswire/ -- The plastic fasteners market is set to grow by USD 1.82 billion from 2021 to 2025. However, the market is likely to decelerate at a CAGR of 6.40% during this period. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.
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The market is fragmented, and the degree of fragmentation will decelerate during the forecast period. 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. are some of the major market participants. The Cost advantages of using plastic fasteners, the increasing demand for plastic fasteners from several end-user industries, and the beneficial chemical, thermal, electrical properties of plastic fasteners will offer immense growth opportunities. However, the Stringent regulations against the use of plastic will hamper the market growth.
Plastic fasteners 2021-2025: Segmentation
- Electrical And Electronics
- Building And Construction
- North America
- South America
Plastic Fasteners Market 2021-2025: Vendor Analysis and Scope
To help businesses improve their market position, the plastic fasteners market provides a detailed analysis of around 25 vendors operating in the market. To leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments while maintaining their positions in the slow-growing segments.
The report also covers the following areas:
- Plastic Fasteners Market size
- Plastic Fasteners Market trends
- Plastic Fasteners Market industry analysis
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Plastic Fasteners Market 2021-2025: Key Highlights
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will assist plastic fasteners market growth during the next five years
- Estimation of the plastic fasteners market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the plastic fasteners market
- Analysis of the market's competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of plastic fasteners market vendors
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Plastic Fasteners Market Scope
Growth momentum & CAGR
Decelerate at a CAGR of 6.40%
Market growth 2021-2025
USD 1.82 billion
YoY growth (%)
APAC, Europe, North America, MEA, and South America
Performing market contribution
APAC at 43%
Key consumer countries
US, China, Germany, India, and UK
Leading companies, competitive strategies, consumer engagement scope
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.
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 the forecast period,
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