We may not be aware, but fasteners are used everywhere, ranging from household appliances to cars, high tech gadgets, industrial machines, defence equipment and more. The global market for industrial fastener suppliers reached $80 billion in 2016 and is predicted to reach $95 billion by 2019.
Fasteners are universal apparatus used to create non-permanent joints which can be dismantled without damage to each of the components. Versatile and highly functional, fasteners such as bolts, nuts, washers, screws and nails reduce the need for larger parts or complex designs. In addition, fasteners are manufactured in a manner that each product can be traced back to the original manufacturer in case of any fault or error.
Overall, the Asia Pacific region is expected to remain the fasted growing market for fastener demand, followed by North America with countries of China, India, South Korea, Thailand, Brazil and Saudi Arabia leading the demand in coming years.
Here’s a look at 5 major applications of Fasteners:
There is significant use of fasteners in the manufacturing of all types of vehicles and cars, ranging from stainless steel fasteners used for corrosion resistant properties to iron for its high strength traits. By using fasteners, other components of the vehicles can be mass produced easily and strength and integrity can also be maintained. Components can also be transported in an easier manner, allowing production in one location and assembly in another. Demand for automotive fasteners is higher in developing nations.
- Electrical and Electronics
A variety of specialized fasteners are used in electrical and electronic items, serving multiple purposes. Fasteners again allow speedy mass production of the different component parts, and unique fasteners make the electronic items tamper-proof. Ranging from the installation of circuit boards to assembly of laptops, mobile phones and refrigerators, all use fasteners.
Considering the giant sizes of aerospace equipment, including airplanes and rockets, it is more practical and secure to construct individual components of the planes and then join them together using fasteners instead of larger designs.
The demand for aerospace fasteners is expected to be higher in North America and in the European Union.
Fasteners are used in each and every step of construction, whether it is building the floors, walls, roofs, stairs or insulation. Different types of fasteners are used based on the materials being joined, the tensile requirement and the aesthetic needs.
Commercial and industrial construction demands are recovering across regions in North America, Western Europe and the Asia Pacific region, and are growing rapidly in developing countries.
- Medical Equipment
For any piece of medical equipment, it is essential that it be balanced, hygienic and accurate, which is adhered to by using specialised fasteners resistant to corrosion. Large devices such as MRI and CT machines as well as smaller equipment such as blood and fluid analyzers, forceps and retractors use fasteners.
In addition, transport of medical equipment is made easier by the use of fasteners as the components of medical devices can be assembled upon delivery.
Due to the versatile nature of fasteners and as they can be made from a variety of materials, fasteners have wide applications across multiple industries, ranging from electronics to constructions, automobile to aerospace. Developing countries have a larger demand for fasteners overall, because of rapid industrial and commercial growth.