The global demand for iron or steel self-tapping screws is growing, and the market is expected to continue expanding in the coming decade. By 2035, the market volume is projected to reach 2.4 million tons, with an estimated market value of $8.9 billion in nominal prices.
This growth is fueled by the increasing need for these screws across various industries worldwide. The market is expected to maintain a steady upward trend, with a compound annual growth rate (CAGR) of 1.2% from 2024 to 2035. By the end of 2035, the market volume is forecast to reach 2.4 million tons.
In terms of value, the market is projected to grow at a CAGR of 1.9% over the same period, reaching a market value of $8.9 billion by 2035, based on nominal wholesale prices.
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