PUBLISHER: Grand View Research | PRODUCT CODE: 1587850
PUBLISHER: Grand View Research | PRODUCT CODE: 1587850
The Asia Pacific industrial fasteners market size is expected to reach USD 63.5 billion by 2030, according to a new report by Grand View Research, Inc., registering a CAGR 6.3% from 2025 to 2030. Rising product demand as an integral bonding component for manufacturing vehicles, home appliances, industrial machinery, and aerospace structures is likely to drive industry growth.
China has emerged as the largest producer and exporter of industrial fasteners in the region on account of presence of numerous small and medium scale players. Industry players are investing in R&D and production of plastic and specialty fasteners in order to cater to application-specific demand by end users and to sustain in the highly competitive market.
The industry is characterized by long-term contracts between manufacturers and OEMs. The players quote product pricing based on purchase volume and duration of contract with users. Fluctuating metal and plastic prices, coupled with intense competition in terms of product costs, is expected to hamper profit margins of industry players.
Metal fasteners are likely to face a challenge in terms of penetration, especially in the automotive sector, owing to rising demand for lightweight alternatives including plastic fasteners, adhesives, and sealants by OEMs. However, demand for high-grade products including titanium and brass, which offer excellent performance under vibration and high impact, is expected to grow.