Demand for Domestic Fasteners Market Increases

The growth rate of fasteners in China is 5%-10%, and the demand for fasteners in 2008 was 3.13 million tons, an increase of 9.5% year-on-year. Among them, the automotive industry is the largest user, followed by the maintenance of industrial and construction industries, and then electronics. industry.

Recently, in order to stimulate domestic demand, the state has introduced many policies to support manufacturing. In the government's 4 trillion yuan investment plan, the focus is on railways, highways, airports, power grids, and affordable housing infrastructure. The most direct benefit is to be equipped. Manufacturing, which will greatly stimulate the demand for fasteners. In particular, the demand for high-strength fasteners with 16-30mm specifications ≥10.9 will increase rapidly. In addition, the development of the aviation industry has also played a strong supporting role in the demand for fasteners. For example, the Boeing Company plans to add 3,400 new aircraft in the future. This data will bring new development and demand opportunities to the fastener industry.

In the face of the internationally grim situation, the state adopts active fiscal measures to increase investment and stimulate domestic demand. The investment of RMB 4 trillion will promote the development of our society and economy. In particular, large investments in railways and infrastructure will bring steel, infrastructure, and The development of machinery and other related industries has made up for the decline in the share of exports. In the four trillion investment, fasteners will also occupy a certain market share. The fastener industry has accelerated the integration, improved the company's comprehensive capabilities, and improved product quality. When it pulls domestic demand, it provides high-quality products to make up for or recover part of the EU's anti-dumping product loss.