In a recently released report Freedonia forecasts world demand for industrial fasteners to expand 8.5% per year through to 2014. The Asia Pacific region is expected to post strongest sales growth.
The major driver worldwide will be the recovery of automotive demand. Freedonia also expects world fixed investment levels will continue to rise and that the global durable goods manufacturing environment will improve. Mechanical fastener sales are expected to be restrained in some markets by increasing use of alternative joining technologies (adhesives particularly) and by production methods that eliminate or reduce fastener consumption….
Source:Fastener+Fixing – full article : World fastener demand to expand 8.5% per year.