According to the latest report published by Transparency Market Research, the global plastic fasteners market is anticipated to record a strong growth ascribed to the numerous advantages over metal counterparts.
The major application of the plastic fasteners is that they are used to join or adhere two or more objects together. A few examples of plastic fasteners include nuts, bolts, threaded rods, washers, and balls. The manufacturing method of plastic fasteners include two process; plastic molding and machining. Different types of plastics such as polyethylene, nylon, acetal, PVC, polypropylene, polycarbonate, and ABS are used for the manufacturing of plastic fasteners.
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These different types of plastic offer certain benefits over one another and are used accordingly. Polypropylene, for example, is a cost effective material that combines the required chemical, electrical, thermal, and mechanical properties in a single material, which is not found in other material.
On the other hand, ABS can be easily molded and also provides ease of machining to close tolerance. Plastic fasteners, compared to their metal counterparts, provide numerous advantages which is driving the global market. Moreover, the demand for nylon which is the most used plastic in plastic fasteners will further fuel the market growth.
Major players operating in the plastic fasteners market are included in this report and those are E & T Fasteners, Craftech Industries, Stanley Engineered Fastening, micro plastics, inc., Melfast, Inc., and Product Components Corporation.
Read the detailed report on the Global Plastic Fasteners Market here.
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