TECHGuru

  Industrial Fasteners Market - Snapshot Industrial fasteners refer to the high quality fasteners which are used in a variety of applications ranging from maritime to automobile and construction industry. The term industrial fasteners and permanent fasteners are interchangeably used in this reference. These fasteners are able to withstand almost every weather and chemical element (and can last for many years without needing replacement). Increasing demand from automotive, construction, and manufacturing industry across all the regions is expected to drive the demand for industrial fasteners over the forecast timeline. According to the Bureau of Labor Statistics and a report from Timetric’s Construction Intelligence Center (CIC), the construction industry is booming and is projected to be the fastest growing industry into 2020. The market is expected to reach almost US$ 1.2 Trillion by 2020 with a projected growth of 4.5%. The U.S. population is expected to reach 338 million by 2020...