FOCUS ON FASTENERS
“ The increased life expectancy of many end-use products means that today ’ s fasteners must adapt to greater longevity .”
SEAL of
APPROVAL
We outline types , trends and technology shifts in global industrial fastener markets .
Self-tapping screws for sheet roofing applications .
Image : Shutterstock . com .
The size of the industrial fasteners ’ market is estimated at US $ 84.77 billion in 2024 and is expected to reach US $ 108.47 billion by 2029 , growing at a CAGR of 4.26 % during the forecast period ( 2024-2029 ) according to analyst , Mordor Intelligence .
Industrial fasteners are components used to join two or more objects permanently or semi-permanently . They include nuts and bolts ; threaded rods ; structural bolts ; machine screws ; wedge anchors ; washers ; rivets and more in various types and sizes . They are available in various standard shapes , sizes and materials , and can also be produced customarily for specific needs . They are used to combine multiple components from sheet metal , plastics or other materials .
Metal fasteners are manufactured from various materials such as steel , stainless steel ; brass ; aluminium ; bronze ; nickel ; copper ; titanium and other non-ferrous
Image : Shutterstock . com .
22 | ismr . net | ISMR March 2024