Industrial Fasteners Market, By Raw Material (Metal, Plastic), By Product (Externally Threaded, Internally Threaded, Non Threaded, Aerospace Grade), By Application (Automotive, Aerospace, Building & Construction, Industrial Machinery, Home Appliances, Lawn & Garden, Motors & Pumps), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030
Industrial fasteners are a versatile product that can be used in a variety of industries. In addition to providing support and mobility, they help secure the joints that hold major pieces of equipment. Without them, massive pieces of equipment and tall structures can come to a halt. Industrial Fasteners are used in many applications and require specific materials for their use. For example, they may need to be heat-treated for strength or dimensional stability.
Market Dynamics:
Increasing automotive production and strong growth of construction and building sector are driving growth of the industrial fasteners market. Moreover, growing use of plastic fasteners in automotive industry for interior, exterior, wire harnessing snapping, and electronics applications is projected to offer lucrative growth opportunities.
On the other hand, growing market share of automotive tapes and adhesives are acting as a key barrier for metal fasteners market.
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