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Global Industrial Fasteners Market - Insights, Opportunity Analysis, Market Shares & Forecast, 2017-The 18th China(Guangzhou)Int’l Fastener & Equipment Exhibition
4/18/2017 fastener expo |
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Research and Markets has announced the addition of the "Global Industrial Fasteners Market Insights, Opportunity Analysis, Market Shares and Forecast, 2017 - 2023" report to their offering.
Application of fasteners across various end user industries, growing disposable income in developing countries and high demand for sport utility vehicles (SUVs) are the major factors which drive the growth of global industrial fasteners market. The market is also significantly growing due to high demand for solar equipment across regions coupled with favorable government regulations in the practice of renewable portfolio standard (RPS) tax credits and targets.
In Q3 2016, The U.S. has installed 4,143 MW of solar PV to touch 35.8 gigawatts (GW) of overall installed capacity which is enough to power approx. 6.5 million American families. However, implementation of high antidumping duties by EU is a major restraint which is hampering the growth of global industrial fasteners market.
The 28 EU member representatives, voted by a qualified majority to enable higher tariffs than might usually apply if exporters are taking advantage from artificially low cost of raw material. Regarding cold-rolled steel from China, for instance, the dumping margin was over 50%, however the injury margin only approx. 20%, thus the lesser duty of about 20% was set. Thus, these anti-dumping duties can restrict the demand for the market.
Geographically, global industrial fasteners market is segmented into Asia Pacific, North America, Europe and ROW. Asia Pacific holds the largest market revenue share for industrial fasteners which has been closely followed by Europe. Rapid industrialization in the region leads to develop economic conditions coupled with growing construction activities is majorly supporting the demand for industrial fasteners in the APAC which is followed by North America, Europe, and ROW.
-The 18th China(Guangzhou)Int’l Fastener
& Equipment Exhibition
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