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Aerospace Fasteners Market to Reach $12.8 Billion by 2030 with 5.5% CAGR

by Harry

The global aerospace fasteners market, valued at $7.42 billion in 2020, is expected to grow to $12.81 billion by 2030. This represents a compound annual growth rate (CAGR) of 5.5% from 2021 to 2030.

Aerospace fasteners are essential hardware components used to join or secure parts in aircraft manufacturing and design. These include nuts, bolts, rivets, screws, and other specialized components.

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Typically made from materials such as aluminum, alloy steel, titanium, and nickel-based alloys, aerospace fasteners must be lightweight and strong. They are designed to withstand extreme conditions like high temperatures and corrosion, which helps improve fuel efficiency and maintain safety.

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These fasteners are widely used across military aircraft, ballistic missiles, satellites, commercial planes, and civil aviation, making them critical to the aerospace industry’s operations.

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