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The market of general fasteners is saturated, and the market development potential of high-end fasteners is huge
Source: | Author:Lynette | Published time: 2021-04-09 | 1398 Views | Share:
Currently, Europe and the United States are still the main market of aerospace, and the demand for high-end fasteners is high. The Asia Pacific region is affected by the rapid economic and industrial development of emerging economies represented by China. Aerospace industry has developed rapidly in recent years and has great potential in the future. The rise of China market will promote China to use cost and raw material advantages to become the largest high-end fastener manufacturer in the world. In the future, China's fastener market has great potential. Fastener production can be divided into three stages. The production level of fasteners in the first stage is low, the product structure is large, the strength is low, the price is low, and the capacity is excessive, and the market competition is fierce; the second and third stage is used in the fastener products with high strength and fatigue resistance which are produced by new materials and high-tech production, which are mainly used in wind power, nuclear power, ship and other fields. The high-end fasteners applied in aerospace field are at the third generation level, and have a high improvement space in the future. At present, the global fastener industry is gradually transiting to the fourth generation and the fifth generation. According to the Research Report on market segmentation demand and opportunity of China fastener industry from 2021 to 2026 issued by the new thinking Industry Research Center, the enterprises that can produce aerospace fasteners in the world include Alcoa, ristic group, Boeing, precision casting, monogram and other professional enterprises in the world, among which Alcoa, USA, USA The market share of three enterprises of state precision casting and ristic group is about 52%. With the rapid development of China's industry, the manufacturing technology of high-end equipment such as artificial satellite, civil aircraft, manned spacecraft, launch vehicle and other high-end equipment has been constantly innovated, and the production quantity is increasing, providing a broad development space for the high-end fastener market. Influenced by the stable economic development, strong support from national policies and the rapid development of terminal industry, the demand of fastener market in China is increasing, and the market scale of fasteners is also rising. It is estimated that the market size of fasteners will reach 156billion yuan by 2021. Analysts in the new thinking community said that the fastener market is currently in a situation of low-end overcapacity and high-end product market demand rising. Due to the impact of the development of aerospace industry, the demand for high-end fastener market will continue to grow in the future. In terms of production, the production capacity of fasteners in China is mostly concentrated in the middle and low end. Aluminum alloy and titanium alloy, the high-end fasteners production materials, still rely on imports, so the production capacity of high-end fasteners in China is low, and the market demand depends on imports. There will be a large market alternative space in the future.

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