Automotive Plastic Fasteners Market Overview:
Global Automotive Plastic Fasteners Market size and share is currently valued at USD 4.75 billion in 2024 and is anticipated to generate an estimated revenue of USD 8.56 billion by 2034, according to the latest study by Polaris Market Research. Besides, the report notes that the market exhibits a robust 6.1% Compound Annual Growth Rate (CAGR) over the forecasted timeframe, 2025 – 2034
Key Market Drivers:
- Vehicle Lightweighting Efforts: The automotive industry’s focus on reducing vehicle weight for better fuel efficiency promotes the use of plastic fasteners over metal ones.
- Cost-Effectiveness: Plastic fasteners offer a cheaper alternative without compromising performance, appealing to manufacturers.
- Corrosion Resistance: The inherent corrosion resistance of plastic fasteners extends vehicle longevity, making them preferable in various applications.
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Key Companies in Automotive Plastic Fasteners Market:
- Essentra Components
- ITW
- Avery Dennison
- Panduit
- Nifco Inc.
- BAND-IT
- SABIC
- DuPont
- Bossard Group
- MW Industries
- Stanley Black and Decker
- PennEngineering
- Bossard Group
Automotive Plastic Fasteners – Research Scope
Research in automotive plastic fasteners focuses on their role in vehicle lightweighting, material innovations, and manufacturing technologies such as injection molding. Studies explore the performance characteristics of plastic fasteners under various conditions, their application in electric vehicles, and their compatibility with advanced automotive designs. Sustainability and recycling potential are also key areas of focus.
Automotive Plastic Fasteners Market Segmentation:
The market is segmented by type, application, and region. Types include clips, cable ties, push-in fasteners, and rivets. Applications cover interior, exterior, powertrain, and under-the-hood components. Regionally, the market spans North America, Europe, Asia-Pacific, and Latin America, with Asia-Pacific leading due to high vehicle production rates.
Automotive Plastic Fasteners Market, Function Outlook (Revenue – USD Billion, 2020-2034)
- Bonding
- NVH
Automotive Plastic Fasteners Market, Applications Outlook (Revenue – USD Billion, 2020-2034)
- Interior
- Exterior
- Electronics
- Powertrain
- Chassis
- Wire harnessing
- Others
Automotive Plastic Fasteners Market, Vehicle Type Outlook (Revenue – USD Billion, 2020-2034)
- Passenger Cars
- LCVs
Automotive Plastic Fasteners Industry Developments:
- April 2024: TR Fastenings introduced the Plas-Tech 30-20 screws, specifically engineered for automotive plastic applications. These innovative screws feature a finer pitch and reduced thread angle, enhancing axial and vibration resistance. The design offers a dependable fastening solution for a wide range of automotive uses, addressing industry demands for durability and performance.
The Automotive Plastic Fasteners market report offers an in-depth analysis of market dynamics, including trends, sizes, patterns, and growth factors. It highlights critical developments and emerging trends to help stakeholders refine their strategies and strengthen market positioning. The report concludes with a detailed summary of key findings and the research methodologies employed. This comprehensive analysis serves as a valuable resource for businesses, investors, and stakeholders, enabling them to make informed decisions and drive sustainable growth.