Global Non-Structural Stainless Steel Fastener Market Overview
The Non-Structural Stainless Steel Fastener Market Size was estimated at 0.58 (USD Billion) in 2022.The Non-Structural Stainless Steel Fastener Industry is expected to grow from 0.59(USD Billion) in 2023 to 0.7 (USD Billion) by 2032. The Non-Structural Stainless Steel Fastener Market CAGR (growth rate) is expected to be around 1.87% during the forecast period (2024 - 2032).
Key Non-Structural Stainless Steel Fastener Market Trends Highlighted
Key market drivers in the non-structural stainless steel fastener market include the growing demand for corrosion-resistant and high-strength fasteners in various industries such as construction, automotive, and manufacturing. Additionally, the increasing focus on infrastructure development and the rising adoption of sustainable and eco-friendly building materials are driving demand for non-structural stainless-steel fasteners.Opportunities exist in the exploration of new applications and the development of innovative products with enhanced performance and durability. The market is expected to witness the emergence of fasteners with specialized coatings and finishes, as well as the adoption of advanced manufacturing techniques to cater to specific industry requirements.Recent trends in the non-structural stainless steel fastener market include the adoption of automation and digitalization in manufacturing processes, the increasing demand for customized fasteners, and the growing preference for fasteners with aesthetic appeal. Furthermore, the implementation of stringent regulations regarding the use of corrosion-resistant materials in industries such as food processing and pharmaceuticals is creating new opportunities for manufacturers.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Non-Structural Stainless Steel Fastener Market Drivers
Increasing Demand for Non-Structural Stainless Steel Fasteners in Construction
The construction industry is a major consumer of non-structural stainless steel fasteners. These fasteners are used in a variety of applications, including Cladding and roofing Windows and doors. HVAC systemsPlumbing systemsElectrical systems. The growing demand for non-structural stainless steel fasteners in construction is being driven by several factors, including the increasing popularity of stainless steel as a building material. The need for fasteners that are corrosion-resistant and durableThe rising demand for green building materials. The Non-Structural Stainless Steel Fastener Market Industry is expected to witness significant growth over the next few years as the construction industry continues to expand.
Rising Demand for Non-Structural Stainless Steel Fasteners in Automotive
The automotive industry is another major consumer of non-structural stainless steel fasteners. These fasteners are used in a variety of applications, including interior and exterior trimSeatbelts and airbagsExhaust systems systems. The growing demand for non-structural stainless steel fasteners in automotive is being driven by several factors, including the increasing popularity of stainless steel as a material for automotive componentsThe need for fasteners that are lightweight and corrosion-resistantThe rising demand for fuel-efficient vehiclesThe Non-Structural Stainless Steel Fastener Market Industry is expected to witness significant growth over the next few years, as the automotive industry continues to grow.
Increasing Demand for Non-Structural Stainless Steel Fasteners in Aerospace
The aerospace industry is a growing consumer of non-structural stainless steel fasteners. These fasteners are used in a variety of applications, including Aircraft skins and panels. The growing demand for non-structural stainless steel fasteners in aerospace is being driven by several factors, including The increasing popularity of stainless steel as a material for aerospace components. The need for fasteners that are lightweight and corrosion-resistant is the rising demand for fuel-efficient aircraft. The Non-Structural Stainless Steel Fastener Market Industry is expected to witness significant growth over the next few years as the aerospace industry continues to expand.
Non-Structural Stainless Steel Fastener Market Segment Insights
Non-Structural Stainless Steel Fastener Market Fastener Type Insights
Among the key segments, the Fastener Type segment holds significant importance. Bolts, a type of fastener, are expected to capture a substantial share of the Non-Structural Stainless Steel Fastener market revenue. Their wide application in various industries, including construction, automotive, and machinery, contributes to their high demand. The growing infrastructure development and increasing urbanization are expected to drive the demand for bolts in the coming years. Nuts, another type of fastener, play a vital role in securing and fastening components.Their ability to provide a strong and reliable connection makes them indispensable in various industries. The demand for nuts is anticipated to rise in line with the growth of the construction and manufacturing sectors. Screws, a versatile type of fastener, offer a secure and efficient method of joining materials. Their ease of use and adaptability make them suitable for a wide range of applications, from furniture assembly to heavy-duty construction. The growing DIY (Do-It-Yourself) trend and increasing furniture production are expected to boost the demand for screws.Washers, used to distribute load and prevent damage to surfaces, are another important type of fastener. Their ability to enhance the performance and durability of bolted joints makes them essential in various industries. The growth in the automotive and aerospace sectors is anticipated to drive the demand for washers. Anchors, designed to provide a secure connection between a structure and a substrate, play a crucial role in construction and infrastructure development. Their ability to withstand heavy loads and resist corrosion makes them ideal for use in bridges, buildings, and other large-scale projects.The increasing demand for anchors is expected to continue as urbanization and infrastructure projects expand. The Non-Structural Stainless Steel Fastener Market segmentation provides valuable insights into the industry dynamics and growth potential of each segment. Understanding the performance and trends of these segments enables businesses to make informed decisions, identify new opportunities, and optimize their strategies to capture a larger share of the market.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Non-Structural Stainless Steel Fastener Market Material Grade Insights
The Material Grade segment is a crucial aspect of the Non-Structural Stainless Steel Fastener Market, influencing market growth and revenue generation. Among the various grades, 304 and 304L austenitic stainless steel grades hold a significant market share due to their excellent corrosion resistance, formability, and cost-effectiveness. In 2023, the 304 grade accounted for approximately 40% of the market revenue, while 304L captured around 35%. These grades are extensively used in various industries, including construction, automotive, and marine applications.316 and 316L austenitic stainless steel grades offer enhanced corrosion resistance compared to 304 and 304L, making them suitable for more demanding applications. They are particularly resistant to chloride-induced stress corrosion cracking, which is common in marine and coastal environments. The 316 grade is expected to witness a steady growth rate, driven by increasing demand from the chemical processing and pharmaceutical industries. Other austenitic grades, such as 321 and 347, account for a smaller market share but cater to specific applications.For instance, 321 grade exhibits excellent resistance to sensitization and is used in high-temperature applications. The Non-Structural Stainless Steel Fastener Market is expected to continue witnessing growth in the coming years, with the Material Grade segment playing a significant role in shaping market dynamics and revenue generation.
Non-Structural Stainless Steel Fastener Market Application Insights
The Non-Structural Stainless Steel Fastener Market is segmented into various applications, including marine, construction, automotive, electrical, and medical. Each segment offers distinct opportunities for market growth. Marine: The marine segment is expected to witness significant growth due to increasing demand for non-corrosive fasteners in shipbuilding and offshore infrastructure. Stringent regulations regarding the use of corrosion-resistant materials in marine environments are driving the adoption of non-structural stainless steel fasteners.Construction: Non-structural stainless steel fasteners are widely used in construction applications such as roofing, cladding, and interior design. Their durability and resistance to harsh weather conditions make them ideal for both commercial and residential buildings. Automotive: The automotive industry is another major consumer of non-structural stainless steel fasteners. These fasteners are used in various automotive components, including interiors, exteriors, and under-the-hood applications. The growing demand for lightweight and fuel-efficient vehicles is expected to drive the growth of this segment.Electrical: In the electrical industry, non-structural stainless steel fasteners are used to secure electrical components and ensure proper grounding. Their non-magnetic properties and corrosion resistance make them suitable for applications in electrical panels, switchboards, and other electrical equipment. Medical: The medical industry has a high demand for non-structural stainless steel fasteners due to their biocompatibility and resistance to sterilization processes. These fasteners are used in surgical instruments, medical devices, and other healthcare applications.
Non-Structural Stainless Steel Fastener Market Diameter Insights
The Non-Structural Stainless Steel Fastener Market is segmented by diameter into 'Less than 10 mm', '10-20 mm', '20-30 mm', '30-40 mm', and '40 mm or More'. The '10-20 mm' segment is estimated to account for the largest share of the market in 2023, contributing around 35% of the Non-Structural Stainless Steel Fastener Market revenue. This segment is expected to maintain its dominance throughout the forecast period, owing to the increasing demand for these fasteners in various industrial applications, including automotive, construction, and machinery.The 'Less than 10 mm' segment is also expected to witness significant growth during the forecast period, driven by the rising demand for these fasteners in electronic devices and consumer products. The '20-30 mm', '30-40 mm', and '40 mm or More' segments are expected to experience moderate growth over the forecast period, as these fasteners are used in specialized applications such as heavy machinery and infrastructure projects.
Non-Structural Stainless Steel Fastener Market Length Insights
The length segment of the Non-Structural Stainless Steel Fastener Market is expected to witness steady growth over the forecast period. In terms of revenue, the '25-50 mm' segment is projected to account for a significant share of the market in 2023, owing to its extensive usage in various industrial and construction applications. The 'Less than 25 mm' segment is also anticipated to exhibit notable growth, driven by increasing demand from the electronics and automotive sectors. Furthermore, the '50-75 mm' and '75-100 mm' segments are expected to gain traction due to their suitability for heavy-duty applications in construction and infrastructure projects.The '100 mm or More' segment is likely to witness moderate growth, primarily driven by specialized applications in large-scale construction and industrial settings. The overall Non-Structural Stainless Steel Fastener Market segmentation provides valuable insights into the diverse needs and preferences across different industries, enabling manufacturers to tailor their product offerings and strategies accordingly.
Non-Structural Stainless Steel Fastener Market Regional Insights
The Non-Structural Stainless Steel Fastener Market is segmented into North America, Europe, APAC, South America, and MEA. North America is expected to hold the largest market share in 2023 and is projected to continue to dominate the market throughout the forecast period. The growth of the Non-Structural Stainless Steel Fastener Market in North America is attributed to the increasing demand for non-structural stainless steel fasteners in the construction, automotive, and aerospace industries. Europe is the second-largest market for Non-Structural Stainless Steel Fasteners and is expected to witness a steady growth rate over the forecast period.The growth of the market in Europe is attributed to the increasing demand for non-structural stainless steel fasteners in the construction, automotive, and aerospace industries. The APAC region is expected to be the fastest-growing market for Non-Structural Stainless Steel Fasteners over the forecast period. The growth of the market in APAC is attributed to the increasing demand for non-structural stainless steel fasteners in the construction, automotive, and aerospace industries. 
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Non-Structural Stainless Steel Fastener Market Key Players And Competitive Insights
Major players in the Non-Structural Stainless Steel Fastener Market are focusing on expanding their presence and increasing their market share. They are also investing in research and development to create innovative products that meet the evolving needs of customers. The Non-Structural Stainless Steel Fastener Market industry is highly competitive, with a number of leading players. Some of the key players include Precision Castparts Corp., Alcoa Inc., and Allegheny Technologies Incorporated. These companies are constantly innovating and developing new products to meet the changing needs of their customers. They are also investing in capacity expansion to meet the growing demand for non-structural stainless steel fasteners.Precision Castparts Corp. is a leading manufacturer of non-structural stainless steel fasteners. The company offers a wide range of products, including bolts, nuts, screws, and washers. Precision Castparts Corp. has a presence, with manufacturing facilities in North America, Europe, and Asia. The company's products are used in a variety of applications, including automotive, aerospace, and construction.Alcoa Inc. is another major player in the Non-Structural Stainless Steel Fastener Market. The company offers a wide range of non-structural stainless steel fasteners, including bolts, nuts, screws, and washers. Alcoa Inc. has a presence, with manufacturing facilities in North America, Europe, and Asia. The company's products are used in a variety of applications, including automotive, aerospace, and construction.Allegheny Technologies Incorporated is a leading manufacturer of stainless steel products, including non-structural stainless steel fasteners. The company offers a wide range of products, including bolts, nuts, screws, and washers. Allegheny Technologies Incorporated has a presence, with manufacturing facilities in North America, Europe, and Asia. The company's products are used in a variety of applications, including automotive, aerospace, and construction.
Key Companies in the Non-Structural Stainless Steel Fastener Market Include
Non-Structural Stainless Steel Fastener Market Industry Developments
The non-structural stainless steel fastener market is poised for steady growth in the coming years due to rising demand from various industries, including construction, automotive, and manufacturing. In 2023, the market was valued at approximately USD 0.6 billion, and it is projected to reach USD 0.7 billion by 2032, exhibiting a CAGR of 1.87% during the forecast period. The increasing use of stainless steel in infrastructure development, coupled with growing urbanization and industrialization, is expected to drive demand for non-structural stainless steel fasteners. Furthermore, the growing adoption of lightweight materials in the automotive sector and the increasing popularity of sustainable construction practices are anticipated to contribute to the market's growth. Recent developments in the market include the introduction of new fastener designs, such as self-drilling and self-tapping fasteners, which enhance installation efficiency and reduce labor costs. Additionally, advancements in corrosion-resistant coatings are improving the durability and longevity of non-structural stainless steel fasteners, making them suitable for use in harsh environments.
Non-Structural Stainless Steel Fastener Market Segmentation Insights
Non-Structural Stainless Steel Fastener Market Fastener Type Outlook
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Bolts
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Nuts
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Screws
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Washers
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Anchors
Non-Structural Stainless Steel Fastener Market Material Grade Outlook
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304
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304L
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316
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316L
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Other Austenitic Grades
Non-Structural Stainless Steel Fastener Market Application Outlook
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Marine
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Construction
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Automotive
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Electrical
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Medical
Non-Structural Stainless Steel Fastener Market Diameter Outlook
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Less than 10 mm
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10-20 mm
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20-30 mm
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30-40 mm
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40 mm or More
Non-Structural Stainless Steel Fastener Market Length Outlook
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Less than 25 mm
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25-50 mm
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50-75 mm
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75-100 mm
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100 mm or More
Non-Structural Stainless Steel Fastener Market Regional Outlook
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North America
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Europe
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South America
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Asia Pacific
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Middle East and Africa
| Report Attribute/Metric |
Details |
| Market Size 2022 |
0.58(USD Billion) |
| Market Size 2023 |
0.59(USD Billion) |
| Market Size 2032 |
0.7(USD Billion) |
| Compound Annual Growth Rate (CAGR) |
1.87% (2024 - 2032) |
| Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year |
2023 |
| Market Forecast Period |
2024 - 2032 |
| Historical Data |
2019 - 2023 |
| Market Forecast Units |
USD Billion |
| Key Companies Profiled |
AmeriCold Logistics, TR Fastenings Limited, ESPA, Bossard, Sohn Precision Fasteners, IHI FASTENERS, SaintGobain, Grip Fasteners, LISI Automotive, Stanley Black Decker, Pacific American Corporation, Alcoa Fastening Systems Rings |
| Segments Covered |
Fastener Type, Material Grade, Application, Diameter, Length, Regional |
| Key Market Opportunities |
Offshore Oil and Gas ConstructionsIndustrial ConstructionMarine Pipework ComponentsAutomotive ComponentsRail Infrastructure |
| Key Market Dynamics |
Rising demand for non-corrosive fasteners, increasing construction activities, growing automotive and aerospace industries, expanding infrastructure projects advancements in manufacturing technologies. |
| Countries Covered |
North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The Non-Structural Stainless Steel Fastener Market is expected to reach a valuation of 0.59 billion USD in 2023.
The Non-Structural Stainless Steel Fastener Market is expected to reach a valuation of 0.7 billion USD in 2032.
The Non-Structural Stainless Steel Fastener Market is expected to grow at a CAGR of 1.87% from 2024 to 2032.
North American region is expected to be the largest market for Non-Structural Stainless Steel Fasteners in 2032.
Non-Structural Stainless Steel Fasteners are used in a variety of applications, including construction, automotive, and electronics.
Some of the key competitors in the Non-Structural Stainless Steel Fastener Market include Alcoa, ArcelorMittal, and ThyssenKrupp.
The growth of the Non-Structural Stainless Steel Fastener Market is being driven by factors such as the increasing demand for stainless steel in construction and automotive applications.
The Non-Structural Stainless Steel Fastener Market is facing challenges such as the volatility of raw material prices and the competition from other materials such as aluminum.
Some of the key trends in the Non-Structural Stainless Steel Fastener Market include the increasing use of stainless steel in lightweight applications and the development of new production technologies.
The outlook for the Non-Structural Stainless Steel Fastener Market is positive, with growth expected to continue in the coming years.
