The global industrial fasteners market is expected to reach US $104.32 billion by 2020, according to a new report published by Grand View Research.
Increasing demand for fasteners in automotive industry coupled with growing construction spending as a result of economic growth and industrialization in emerging markets of China, Brazil, Saudi Arabia, Australia, Indonesia and India is expected to drive demand for fasteners over the next six years.
“High amounts of anti-dumping duty imposed within the European Union are expected to restrain industrial fasteners market growth over the next six years,” the report summary stated.(…)
via Industrial Fasteners Market To Top $104 Billion by 2020 – Global Fastener News – USA.