Press release
Industrial Fasteners Used In Power Generation And Transmission To Increase At The Highest CAGR Of 5.6% By 2031
The impact of the COVID-19 outbreak has compelled several manufacturers and industries to rethink their operations to gradually recover from the losses incurred for years to come. The Industrial Fasteners Coatings industry suffered a huge setback due to halted production and a limited supply of raw materials.
With the vaccination process picking up pace in countries like China, India, the U.S., the U.K., and Germany, manufacturers are gradually heading towards the road to recovery with an improved supply chain and streamlined production activities.
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Key Segments Covered in Industrial Fasteners Industry Research
By Material
Metal Industrial Fasteners
Steel Industrial Fasteners
Stainless Steel Industrial Fasteners
Alloy Steel Industrial Fasteners
Copper & its Alloys Industrial Fasteners
Aluminium Industrial Fasteners
Titanium Industrial Fasteners
Nickel & its Alloys Industrial Fasteners
Others
Polymer Industrial Fasteners
Industrial Plastic Fasteners
By Type
Screws
Wood Screws
Machine Screws
Thread Cutting Machine Screws
Sheet Metal Screws
Self-drilling
Socket Screws
Others
Nuts
Hexagon Nuts
Flange Nuts
Wing Nuts
Kep Nuts
Push Nuts
Castle Nuts
Coupling Nuts
Pal Nuts
Others
Bolts
Track Bolts
Square Bolts
Plow Bolts
Round Bolts
Lag Bolts
Aircraft Bolts
J-bolts
U Bolts
Shoulder Bolts
Elevator Bolts
HR Bolts
HV Bolts
Others
Washers
Lock Washers
Structural Washers
Others
Anchors
Dowel Pins
By Application
Chemical Grade Industrial Fasteners
Industrial Fasteners for Heat Exchangers
Industrial Fasteners for Exhaust Systems
Industrial Fasteners for Tanks and Vessels
Industrial Fasteners for Processing Equipment
Petrochemical Grade Industrial Fasteners
Industrial Fasteners for High Pressure Pumps & Vessels
Industrial Fasteners for Pumping Stations
Industrial Fasteners for Metering Pumps
Others
Transportation Grade Industrial Fasteners
Industrial Fasteners for Railways
Trains
Infrastructure
Industrial Fasteners for Marine
Decks
Tanks
Ramps
Bulkheads
Others
Industrial Fasteners for Automotive
Power Generation & Transmission Grade Industrial Fasteners
Renewable
Onshore
Electrical Equipment
Turbines
Motors
Exhaust Systems
Pumping Systems
Storage Vessels
Offshore
Non-renewable
Construction Grade Industrial Fasteners
Industrial Fasteners for Heavy-duty Machines
Industrial Fasteners for Construction Vehicles
Mining Grade Industrial Fasteners
Industrial Fasteners for Precious Metal Mining
Industrial Fasteners for Industrial Metal Mining
Agriculture Grade Industrial Fasteners
Defense Aerospace Grade Industrial Fasteners
Others
By Sales Channel
Online Sales of Industrial Fasteners
Direct to Customer Sales of Industrial Fasteners
Third-party Online Sales of Industrial Fasteners
Offline Sales of Industrial Fasteners
Authorized Distributors of Industrial Fasteners
Industrial Fasteners Sold at Garages & Workshops
Industrial Fasteners Sold at Specialty Stores
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Infrastructure Expansion in the U.S. is Fueling Demand for Industrial Fasteners Coatings
The Industrial Fasteners Coatings chemical industry in the U.S. suffered a huge setback due to the coronavirus outbreak in 2022, halting operations in industries such as construction, automotive, and pharmaceutical.
However, with the gradual resumption of production activities and improvements in the supply chain globally, manufacturers operating in the Industrial Fasteners Coatings chemical industry are gearing up to retain the industry's post-pandemic status.
Rising demand for Industrial Fasteners Coatings dispersants from the construction and oil & gas industry is driving the Industrial Fasteners Coatings chemical industry in the U.S. Industrial Fasteners Coatings dispersants are widely used in the construction industry, and the anticipated growth is attributable to the wide expanse of real estate in the country.
Increasing housing infrastructure projects are propelling Industrial Fasteners Coatings dispersant sales, thus augmenting the growth of the Industrial Fasteners Coatings chemical industry. The presence of leading players in the country is also driving sales and export in the Industrial Fasteners Coatings chemical industry.
Competitive Landscape
To acquire access to untapped markets, top industrial fastener manufacturers are combining organic methods such as targeted product line extensions and geographic expansions. In addition, certain key players are employing inorganic tactics such as acquisitions to improve their existing portfolios, as well as consistent research spending.
LISI Aerospace collaborated with the University of Sheffield Advanced Manufacturing Research Centre and received US$ 1.34 Mn in funding from Aerospace Technology Institute to research on newer markets in the fastener industry through the usage of advanced technologies.
In June 2020, LISI Aerospace and Lockheed Martin signed a supply agreement for the F-35v program, with a total estimated value of US$ 60 Mn.
Stanley Black & Decker acquired Consolidated Aerospace Manufacturing LLC (CAM) added viable products for aerospace & defence end-users to its product portfolio.
Avantus Aerospace acquired Fastener Innovation Technology Corporation in 2020, to improve its overall product portfolio.
Moreover, Birmingham Fasteners announced the acquisition of Steel City Bolt in 2021, which would increase the company's local manufacturing capabilities and help its customer with their fastener needs suited to diverse applications.
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U.K is Capitalizing on Industrial Fasteners Coatings Binders for Sustainable Construction Activities
The U.K. has been at the forefront in terms of technological advancements and the adoption of sustainable technology in production globally, which is a key factor augmenting the growth of the Industrial Fasteners Coatings chemical industry.
In 2022, the country suffered huge setbacks due to the adverse effects caused by the COVID-19 pandemic. However, manufacturers operating in the Industrial Fasteners Coatings chemical industry are striving to achieve the pre-pandemic status by opting for various Industrial Fasteners Coatings and inHigh Purity Quartz Sand growth strategies.
In the U.K, the growth of the Industrial Fasteners Coatings industry can be attributed to the surging demand for Industrial Fasteners Coatings binders. The environment-friendly nature, low energy consumption, and cost-effectiveness offered by Industrial Fasteners Coatings binders are key factors leading the sales and demand.
Growing urbanization and rapid increments in infrastructure activities across the country are fueling the demand for Industrial Fasteners Coatings binders, thus creating lucrative opportunities for several players operating in the Industrial Fasteners Coatings chemical industry in the upcoming decade.
China is Incorporating Industrial Fasteners Coatings Pigments in Textiles and Visual Arts
The global hub for the Industrial Fasteners Coatings chemical industry, China, is picking up pace in its post-covid recovery, due to the timely eradication of the virus. With little to no restrictions, most production-related activities have resumed across the country, acting as anchors for various local and global manufacturers.
China is a lucrative ground for the Industrial Fasteners Coatings industry due to the presence of leading manufacturers and several industries such as textile, pharmaceutical, plastic, and paint. Due to the abundance of these industries, the demand for Industrial Fasteners Coatings pigments is also gaining immense traction in China.
Industrial Fasteners Coatings pigments are non-toxic, cost-effective, and offer good color strength, making them a favorable choice for usage in various end-use sectors. Increasing the use of Industrial Fasteners Coatings pigments in plastics, textiles, paints, and coatings will continue driving the growth in the Industrial Fasteners Coatings industry.
Additionally, the wide range of unique shades available in Industrial Fasteners Coatings pigments makes them a preferred choice for visual arts as well. The consumption of Industrial Fasteners Coatings pigments in high-tech applications such as photo-reprographics, optoelectronic displays, and optical data storage are fueling the demand for Industrial Fasteners Coatings pigments and creating lucrative opportunities for players operating in the Industrial Fasteners Coatings industry.
India Will Showcase High Demand for Speciality Industrial Fasteners Coatings
India is emerging as a lucrative market for the Industrial Fasteners Coatings chemical industries for players across the world. With gradual resumptions in the restrictions on movement, the country is slowly getting back on track to achieve post-pandemic status in the coming years.
The Industrial Fasteners Coatings industry in India is capitalizing on various sectors such as paints, pharmaceuticals, adhesives, pesticides, and dyes, making it one of the most important industries in the country.
Leading players operating in the Industrial Fasteners Coatings industry are focusing on enhancing their product portfolio by adding specialty chemicals such as polymer additives, water treatment chemicals, and lubricating additives, which will further drive growth and sales in the industry in the upcoming decade.
The newly discovered natural gas reserves in the country will also enable manufacturers to procure diverse Industrial Fasteners Coatings and will continue augmenting the growth of the Industrial Fasteners Coatings chemical industry.
Key Long-Term Trends
The global Industrial Fasteners Coatings industry is gradually recovering in 2021 and is expected to gain momentum in the upcoming years. With a noteworthy surge in activities in industries such as infrastructure, construction, pharmaceutical, and oil & gas, the Industrial Fasteners Coatings industry will show an upward trend in the coming years. Some new trends that are augmenting the market growth are:
Chemoinformatic
The Industrial Fasteners Coatings industry will largely benefit from chemoinformatic due to various factors such as the ease of evaluating specific properties of large compounds. The use of computational and informational techniques will help manufacturers gain insights into the new and existing chemicals and how to incorporate them into Industrial Fasteners Coatings chemical products.
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