Global Industry Analysis Corporation (GIA) has released an aerospace fastener market report that global aerospace fastening in 2018 is driven by the increase in air carrying capacity and the increasing size of aircraft fuselage. Sales will reach $6.8 billion. In addition, with the recovery of air travel and the growth of the aircraft maintenance industry, the demand for the aircraft parts market is expected to be strong in the coming years, especially in the aerospace fastener market. The development of the aerospace fastener industry has benefited from the development of the aerospace industry. The aerospace industry has continued to develop in the past, from the initial commercial, military and business jets to missiles and rockets. The main fasteners used in the aerospace industry include high lock bolts, bolts, nuts, washers, rivets, collars, screws, spacers and pins. Aerospace fasteners must pass strict standards before they can be used in all terminal industries. Aerospace fasteners generally use the US Navy Standard (AN), American Aviation Standard (NAS), and US Army Standard (MS). Special aerospace fasteners, special-purpose fasteners and standard fasteners with strong technology and high performance will flourish in the next few years. The use of these fasteners in emerging markets such as non-military and nano-aerospace will also grow. In addition, the recovery of the aircraft manufacturing industry and the improvement of military expenditures are expected to further promote the development of the aerospace fastener market. The demand for high-performance fasteners in the wind power industry is also very large, especially for large-diameter, high-strength fasteners used on turbines. In addition, government-stimulated projects such as non-building construction, military and commercial aircraft, and satellites will further drive demand for aerospace fasteners. In the past three years, the aerospace industry has been sluggish and has seriously affected many related manufacturing industries, resulting in a serious decline in the aviation tourism industry and the shipping industry. Boeing and Airbus also suffered from the impact of the two major airlines, the number of aircraft manufacturing declined sharply, and the demand for aerospace fasteners declined rapidly. Although the aerospace industry is gradually recovering, the European debt crisis has once again plunged its unstable recovery pace, especially affecting several core countries in Europe. Aerospace projects in major markets such as France, Italy, the United Kingdom, Spain and Germany have been shelved due to increasingly severe inflation and tight budgets. In addition, fewer passengers, higher oil prices, carbon taxes, royalties, and other strict regulations have been a constant concern for the aerospace industry. Despite this, after experiencing a weak North American market in 2010 and a delay in delivery, the OEM sales of fasteners changed in 2011, but the growth rate is still below average. According to the report, orders received by fastener manufacturers from commercial equipment suppliers and fastener distributors increased in 2011. Some fastener OEMs are also experiencing the phenomenon of raw materials such as reserve rods, coils and coils to meet the growth of fastener demand. It is worth mentioning that orders for the parts market and the air defense aircraft industry have increased significantly. In the past few years, the aircraft manufacturing industry has been moving toward the demand for hard, lightweight body, so titanium aerospace fasteners have attracted much attention. Although titanium fasteners were introduced into the aerospace industry in the 1970s, they were basically only used on military aircraft. Titanium fasteners have been used by commercial aircraft on large aircraft OEMs, including Airbus, Boeing, Lockheed Martin, and Bombardier Canada. These companies have placed a large number of orders for titanium fasteners. It is expected that the global demand for titanium fasteners will double in the near future, mainly because titanium has a higher strength-to-weight ratio than other metal iron, aluminum and nickel alloys, so it is an ideal Materials for the manufacture of fasteners for commercial and military aircraft. In the past few years, the application of titanium fasteners has expanded to jet aircraft, other engine bracket structures and aircraft landing gear. With the advancement of technology and the development of new manufacturing methods, the application of titanium on aircraft will likely increase significantly. New titanium alloys are currently being developed for their increased hardness to meet changing industry needs. Therefore, the supply of titanium aerospace fasteners will undoubtedly increase in the next five years. The United States and Europe will remain the two major markets for the aerospace industry in the future. Driven by the strong development of the Asian market, the Asia-Pacific region has great potential for development in the aerospace industry. It is expected to grow at a compound annual growth rate of over 9.0% and overtake the top two markets by 2018. The Asia-Pacific region including China Taiwan and China will rise. With its large amount of cheap labor, low cost and raw materials, China Taiwan and China will become the largest net export area and country for high-end industrial fasteners. Manufacturers in mainland China are actively developing new products in order to shorten the technological gap with developed countries in the West.
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