The global plastic fasteners market is anticipated to witness a remarkable growth during 2017 to 2025 owing to the increasing applications of nylon in various industries, says a new report published by Transparency Market Research.
The plastic fasteners market, based on product type, can be segregated into threaded and non-threaded plastic fasteners. The examples of threaded plastic fasteners include screws, rods, bolts, studs, and nuts. On the other hand, washers, pin fasteners, rivets, quick-operating fasteners, retaining rings, inserts, and spacers are some of the examples of non-threaded plastic fasteners. The market for plastic fasteners is currently dominated by threaded plastic fasteners, and the segment is projected to grow at a significant pace during the forecast period.
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The plastic fasteners market, in terms of material used, can be bifurcated into, ABS, polyethylene, acetal, polycarbonate, nylon, PVC, polypropylene, and others. The market is currently dominated by nylon. Nylon is primarily used material for manufacturing of plastic fasteners owing to its wide ranging properties that mainly include high resistance against corrosion and good insulating properties as compared to other plastic material substitutes. Moreover, nylon is a preferred choice for many end-use industries as it weighs half as much as aluminum. The report from TMR, therefore, anticipates the market for nylon to grow exponentially during the forecast period.
Read the detailed report on Global Plastic Fasteners Market here.
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