The global market for industrial fasteners could exceed $50.3 billion by 2010, according to a new market report. Growth in the global industrial fasteners market over the next 4 to 5 years is to be powered mainly by an economic boom in the developing nations, particularly in Asia and Latin America. Increased construction activities and a spurt in production levels of consumer durables are expected to increasingly drive demand for fasteners in both the advanced and developing nations.

Bolts represent the largest product segment worldwide, with sales estimated at $22.4 billion in 2007.

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