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Prospect on Asian Industrial Fastener Market

Time:2016-08-17 Author:Sofia

Asian Industrial fastener market is expected to reach USD44.12 billion by 2020, according to a new study by Grand View Research, Inc. The market is anticipated to witness significant growth over the forecast period on account of considerable rise in the automotive industry in emerging markets. There will be growing automotive demand to propel demand for bolts, nuts, washers, screws, studs, rivets, and nails over the next seven years. In construction, fasteners are widely used in furniture, stairs, roofs, winders and doors. Increasing investment in construction as a result of economic growth and industrialization in emerging markets is expected to drive fasteners demand.

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