Chemicals Industry Today
Screw Fastener Market to Witness Steady Long-Term Expansion, Rising from USD 86.84 Billion in 2025 to USD 110.3 Billion by 2035
According to MRFR analysis, the Screw Fastener Market Size is valued at USD 84.79 billion in 2024. The market is expected to expand from USD 86.84 billion in 2025 to USD 110.3 billion by 2035, registering a CAGR of 2.42% during the 2025–2035 forecast period.Screw fasteners are mechanical components used to join materials together securely. The market includes screws, bolts, nuts, and washers, made from stainless steel, alloy, and other metals. Rising construction activities, automotive manufacturing, and electronics production are driving demand. Additionally, the trend toward high-strength and corrosion-resistant fasteners supports market growth.
Key Drivers of Market Growth
- Construction Industry Expansion: Urbanization and infrastructure projects increase fastener demand.
- Automotive Manufacturing Growth: Vehicles require durable fasteners for assembly.
- Electronics Industry Boom: Smartphones, appliances, and gadgets drive precision fastener use.
- Material Innovation: Development of corrosion-resistant and high-strength fasteners enhances market adoption.
- Global Trade Expansion: Increased manufacturing and exports require standardized fasteners.
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Types of Membrane Separation Materials
Membrane filtration is used in fastener manufacturing for surface treatment and metal purification:
- PTFE Membranes: Chemical resistance during plating and cleaning processes.
- PVDF Membranes: For high-purity filtration of liquids.
- Major Players
- Fastenal (US), Hilti (LI), Stanley Black & Decker (US), Screws and Fasteners (US), Nucor Fastener (US), Würth Group (DE), Bossard Group (CH), SFS Group (CH), ITW (US)
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Regional Insights
- North America & Europe: Mature markets with stable demand from automotive and industrial sectors.
- Asia-Pacific: Rapid industrialization in China, India, and Japan drives high growth.
- Rest of the World: Emerging markets in Latin America and MEA show moderate demand due to construction and manufacturing growth.
Future Outlook
The Screw Fastener Market will continue to grow, supported by industrialization, new material development, and expansion in automotive and electronics sectors.
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