A new research study on the global market of industrial fasteners published by Transparency Market Research, a U.S.-based market intelligence firm, states, the market will grow at a modest pace of 5.4% between the years 2012 and 2018. The report forecasts that the global industrial fasteners market, which had a net worth of US$65.50 billion in 2011, will rise to US$94.65 billion by 2018. The market of industrial fasteners is a mature industry. The need for efficient, corrosion and aesthetics resistant, strong and cost effective industrial fasteners remains imperative in any industrial machine due to their core functionality of mechanically joining various parts, devices or surfaces together. While the flourishing global market of automotives will remain the chief driving force for the global industrial fasteners market in the coming years, rising demands from infrastructure development, maintenance and construction industries will also prove b...
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