In the next few years, the Chinese fastener demand will be 12.5% ​​per year rate of growth. And other Asian countries the growth rate of 8.4% compared to first place in China in the world ranking list.

     Imbalance in production and marketing in Asia and Africa

     Introduce various countries and regions in the production of fasteners, the mention that a few countries and regions have emerged the phenomenon of production is greater than demand. The first is that Africa and the Middle East region, to 2004, annual production will reach 2.675 billion U.S. dollars, but the demand is only $ 1,175,000,000. The second area is in Asia and the Asia Pacific region, China's total output in 2004 will reach 40 billion dollars, 3.7 billion of domestic demand, but demand for the region's only 48 billion U.S. dollars. Ultra-out of production, only the strong to widen the export market.

     In 1999 investment in the fastener industry is the world's 8.1 trillion dollars, here in 2004 will become the development of close to 10 trillion. The interesting thing is 1999 -2004 will grow 19% in the United States, Western Europe increased 17%, 30% growth in the Asia-Pacific region, including Japan, an increase of 14%. China has grown 52% in 1994-1999, then 2004 will continue to grow 42%, 33% growth in other Asian countries.

     Greatest need, the United States, Europe and Asia

     This year's global demand for fasteners, the world can be divided into three major market, the largest market is the North American market by 2004, including the United States, Canada, Mexico, the total demand will reach 13.5 billion U.S. dollars, is expected to increase to 16.6 billion in 2009 Dollars, accounting for 34.30% of total global demand. Second largest market is Western Europe, from 11.1 billion in 2004 dollars to 14 billion U.S. dollars in 2009, together with Eastern Europe will account for 31.70% of total global demand. The third largest market is Asia, from 1999 of 90 billion dollars to 13.5 billion in 2004 to 2009 to 192 billion U.S. dollars, accounting for 28.4% of the global market. Three markets accounted for 94.4% of total world demand.

     Production of so many fasteners are used where? First automobile industry is the largest user, accounting for 23.2% of total sales of fasteners; the second is the maintenance of industrial market and construction industry, together accounting for 20%; the third is the electronics industry accounted for 16.6%.