Middle East & Africa Automotive Plastic Fasteners Market Outlook

with growing population in middle east & africa (mea) coupled with spur in automotive production over the years have also increased the demand of automotive plastic fasteners market. high strength and ligterm weight properties of plastic fasteners over the traditional metallic fasteners has been driving the automotive plastic fasteners market in the mea region. the automotive oems and aftermarket have been extensively adopting plastic fasteners such as clips, brackets, rivets, clips etc. the surge in automotive production has been further tightened the grip of the automotive fasteners to one of the critical component for the automotive production and subsequently driving the automotive plastic fasteners market. vehicles with plastic fasteners can better withstand the climate of mea region as the plastic exhibits better properties compared to metal fasteners in terms of heat resistance and electrical and chemical exposure. a research by orbis reveals that the mea region automotive market is estimated to grow from 1.5 million units in 2017-18 to over 2.5 million units in 2032-33 thus exhibiting a healthy cagr of at least 6% over the period. with the growing automotive production, the demand of automotive plastic fasteners is also expected to increase during the forecast period. plastic fasteners manufacturers have been providing a complete gamut of services such as custom design services, cost optimization of plastic fasteners, on-shelf supply, provide plant-level support, etc. all these services are further expected to drive the demand of the automotive plastic fasteners. automotive plastic fasteners markets have been further booming due to increasing advancements in plastic technology such as bio-based plastics, injection molding plastic and fastening plastic with enhanced strength & durability. the leading players have been engaging collaborations and acquisitions to meet up the customer demands. this methods have been beneficial for eliminating the redundant steps and cost to ensure customer delight and market penetration. for example, the leading players mw industries partnership with eijkelkamp for the construction of an automotive assembly facility in wisconsin. all these factors have been rendering the mea automotive plastic fastener’s market much more lucrative and attractive market for the leading manufactures.