Advertisements

Middle East Fasteners Market Set for Steady Growth Through 2035

by Harry

Driven by increasing demand across construction, manufacturing, and packaging sectors, the Middle East market for nails, tacks, drawing pins, corrugated nails, and staples is projected to grow steadily through 2035.

According to the latest forecasts, the market is expected to expand at a compound annual growth rate (CAGR) of +0.9% in volume and +2.9% in value from 2024 to 2035.

Advertisements

By 2035, market volume is projected to reach 240,000 tons,

Advertisements

While the market value is expected to rise to approximately $623 million (at nominal wholesale prices).

Advertisements

Though growth is anticipated to decelerate compared to previous years, the overall upward consumption trend remains positive, supported by infrastructure development, increased industrialization, and growing regional demand for fastening solutions.

Advertisements

The continued rise in value—outpacing volume—suggests premiumization, value-added products, and inflationary pricing will play a role in shaping the market over the next decade.

Related topics:

Advertisements

You may also like

Meet XToolReviews, your trusted source for objective, in-depth reviews and comparisons of the latest tools and gadgets. Get expert insights, practical advice, and stay informed on industry trends to make informed buying decisions.

TAGS

Copyright © 2023 xtoolreviews.com