North America Market Insight: Construction Boom Drives Demand for Non-Structural Stainless Steel Fasteners
According to a report published by GlobeNewswire, the North America non-structural stainless steel fasteners market size is expected to reach USD 390.8 million by 2030, registering a CAGR of 4.7% from 2023 1 to 2030. Refer to the GlobeNewswire report.(https://www.globenewswire.com/news-release/2023/12/08/2793157/28124/en/North-America-Non-structural-Stainless-Steel-Fasteners-Market-Driven-by-Construction-and-Remodeling-Trends-2023-2030.html)
This growth can be attributed to the flourishing construction industry in North America. Population growth and rising disposable incomes of consumers have fueled the construction industry, leading to increased home remodeling and building activities. Non-structural stainless steel fasteners are particularly sought after in the construction sector due to their excellent corrosion resistance and aesthetic appeal.
The report indicates that the increase in consumer disposable income is one of the key factors driving market growth. As people's living standards improve, demands for building quality and aesthetics also rise, thereby stimulating the demand for high-quality building materials, including stainless steel bolts.
Looking ahead, the North American non-structural stainless steel fasteners market is expected to continue to benefit from the sustained growth of the construction industry and consumers' preference for high-quality building materials. Market participants need to pay close attention to industry trends and seize market opportunities.
