FOCUS ON FASTENERS
FIXING ON THE FUTURE
We outline the latest new trends , challenges and developments in global industrial metal fastener markets , with an eye on the future .
“ The global industrial fasteners ’ market size was estimated at US $ 95.57 billion in 2023 and is expected to grow at a CAGR of 4.7 % from 2024 to 2030 .”
Industrial fasteners are components used to join two or more objects permanently or semi-permanent . They include nuts and bolts ; threaded rods ; structural bolts ; machine screws ; wedge anchors ; washers ; rivets and more in various types and sizes . They are available in various standard shapes , sizes and materials , and can also be produced customarily for specific needs . They are used to combine multiple components from sheet metal , plastics or other materials .
Metal fasteners are manufactured from various materials such as steel , stainless steel ; brass ; aluminium ; bronze ; nickel ; copper ; titanium and other non-ferrous metals . The selection of material by end users is primarily based on considerations such as strength required ; presence of corrosive environment ; stresses ; weight ; electrical and magnetic properties ; electrical ; plating / coating required ; expected life and reusability .
The installation process for a QUICK FLOW ® Plus thin sheet fastener from Böllhoff .
Steel ( as well as alloy steel and low and medium-carbon steel ) is a key material for fasteners . Other materials such as titanium ; aluminium and different alloys are also used to make metal fasteners . Special coatings or plating are also applied to metal fasteners to increase their performance characteristics . Zinc , chrome and hot-dip galvanizing are standard coating / plating techniques for fasteners . Fastener manufacturing primarily includes casting , forming , machining and thread production .
Global fastener markets
According to analyst Grand View Research , the global industrial fasteners ’ market size was estimated at US $ 95.57 billion in 2023 and is expected to grow at a CAGR of 4.7 % from 2024 to 2030 .
“ The market is expected to be driven by
Creating a strong bond
Metal fasteners can be used to produce permanent or non-permanent bonds . Examples of metal fasteners that create a permanent bond are screws , rivets , clamps , retaining rings or bolts . Non-permanent fasteners are items such as quick-release couplers and pins that allow the movement of fastened parts . High-quality fasteners that are resistant to corrosion and other natural abrasions are a necessity in many industries .
Galvanised fasteners are characterised by the presence of a protective shell applied by a process of hot dipping ; this finishing process adds a layer over the surface . When fasteners are galvanised , they are submerged inside a container filled with molten zinc . After soaking in the molten zinc for a specific time , the screw is removed and allowed to cool . As the screw cools , the molten zinc hardens , forming a shell on the screw ’ s exterior .
18 | ismr . net | ISMR March 2025