Global Fastener Demand Projected to Grow 3% in 2017, According to Freedonia

Global industrial fastener demand will grow 3% in 2017, according to Ken Long, manager of capital goods research at the Freedonia Group.  Long spoke at the inaugural Fastener Industry Summit, held June 7th in Rosemont, Illinois.  

"Growth in world fastener demand in 2017 will be bolstered by a rebound in US sales," Long said.  The fastest market gains will be posted in China, India, and other developing parts of Asia, fueled by increases in durable goods production.  US fastener demand, which declined in 2016, is projected to climb 2.3% in 2017.