By 2020 the global market for Industrial Fasteners is expected to achieve £83.8 billion (Global Industry Analysts).
With an improving global economy and significant growth in the United States, China, India and South Korea, the market is seen to be stable and mature with prices for raw materials also beginning to stabilise.
10-year forecasts are seeing growth returning to all markets with particular focus on the automotive and aerospace sectors. Renewable energy is another growth area and is also the driving force behind the booming automotive sector (due to electric and hybrid vehicles.)
Other areas to watch are the micro fasteners required for electronic and electrical devices as well as innovations in threaded and plastic fasteners.
EPC has been working with customers and suppliers on plans and investments for the next 5 years in order to support growth and keep at the cutting edge of available technologies.
This ensures our capacity, efficiency and quality remain strong with best value and service passed on to our customers.