Huge potential in US fastener market
Bo Andersson , Business Development Manager at BUMAX US , talks about the huge potential in the US market for high-strength stainless steel fasteners .
“ The US market offers huge potential , but end-users are still predominantly using coated carbon or alloy steel ,” explains Bo . “ The use of stainless steel fasteners is still relatively low compared with Europe and very much unknown territory for many OEMs . This is a key part of our work within the US – to educate the market about the advantages and possibilities of stainless steel . We ultimately see the potential to fundamentally change the US market by ensuring that a wide range of customers and applications benefit from the latest high-quality stainless steel fasteners .” BUMAX penetration of the US market continues to develop consistently year on year . “ Bufab Group , which owns BUMAX , is still our largest distributor here in the US . However , given the sheer size and scale of the US in terms of land mass and market , we have been taking active steps to develop a distribution network to support our future accelerated growth .”
Sectors with potential “ Our high-quality stainless-steel fasteners deliver technical and commercial advantages in many sectors including construction , industrial equipment , offshore and marine all around the world ,” continues Bo . “ The construction industry is possibly one of the more interesting markets in the US , given the growing focus on sustainable design and the ability of BUMAX fasteners to exceed mechanical properties of equivalent high tensile carbon steel bolts .” “ As the world ’ s leading industries look for alternative solutions to address the climate change , we are at the forefront
Bo Andersson
of innovation . Our products also offer sustainability benefits , given that 95 % of stainless steel is recyclable and benefits from a considerably longer service life . Companies in the industries mentioned are aware of the rising cost of maintenance and are looking for components that last longer , deliver improved reliability and reduce financial uncertainty .”
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