| | DECEMBER 20228THE PANORAMASince last decade, Asia-Pacific has evolved as the largest industrial fastener market, accounting for a significant portion of worldwide fastener production. The primary drivers of this expansion can be attributed to the growing manufacturing and automobile sector of India. Moreover, owing to the increased demand of fasteners in the Indian market, the production of the fasteners is also increasing at an exponential rate. Again, with the assistance of Narendra Modi's 'Make in India' push, the Indian manufacturing sector is likely to produce significant demand for the industrial fasteners market in the coming years. By 2023, the Indian industrial fasteners market is anticipated to be worth $6.3 billion. With an exponential growth in the fastener market, the industry is now also approaching new innovative trends. In this article, let's take a peek at the major ones.UNCONVENTIONAL MATERIALS TO SUIT MULTIFARIOUS APPLICATIONSTemperature variations are constant in heavy machinery, automotive equipment, and minute fasteners used in electrical goods. These variations can cause metal deformation, bulging, and overall product degradation in rare circumstances. In the case of electrical items, it is KEY TRENDS DRIVING THE GROWTH OF INDUSTRIAL FASTENER INDUSTRY
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