Plastic Fasteners Market Poised for Substantial Growth, Predicted to Hit USD 15.8 Billion by 2033
The global plastic fasteners market value is expected to total USD 6.2 billion in 2023 and USD 15.8 billion by 2033. Overall sales of plastic fasteners are forecast to rise at 9.8% CAGR throughout the assessment period.
Rivets & push-in clips are anticipated to remain the most sought-after product types through 2033. This is due to their rising usage in the automotive and electronics industries. The target segment is poised to exhibit a CAGR of 9.6% during the assessment period.
Several factors are expected to stimulate growth in the plastic fasteners market. These include increasing usage of plastic fasteners in automotive, aerospace, and electronics industries and advancements in plastic fastener materials.
Plastic fasteners are solutions for joining or securing two or more objects together. They are gaining wider popularity due to their lightweight nature, cost-effectiveness, and corrosion resistance.
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