Coated Screw Market Trends and Forecast
The future of the global coated screw market looks promising with opportunities in the engineering plastic, machining, and halogen free product markets. The global coated screw market is expected to grow with a CAGR of 5.6% from 2024 to 2030. The major drivers for this market are growing demand for corrosion-resistant fasteners in construction & automotive industries and rising use of these screws for DIY projects and home.
• Lucintel forecasts that tungsten carbide is expected to witness higher growth over the forecast period.
• Within this market, engineering plastic is expected to witness the higher growth.
• APAC is expected to witness the highest growth over the forecast period.
Country Wise Outlook for the Coated Screw Market
• United States: Fastenal announced the expansion of its coated screw product line to meet growing demand in construction and automotive sectors. The government’s infrastructure bill aims to boost construction projects, potentially increasing the demand for coated screws.
• Germany: Würth Group introduced a new line of eco-friendly coated screws designed to enhance durability and resistance to corrosion. The German government’s focus on sustainable construction practices supports these innovations.
• China: Jinhuan Fastener Co., Ltd. expanded its production capacity for coated screws, targeting both domestic and international markets. The Chinese government’s emphasis on infrastructure development and export growth aligns with these initiatives.
• India: Sundaram Fasteners announced a strategic partnership with global players to enhance its coated screw technology. The Indian government’s “Make in India” initiative encourages such collaborations, aiming to boost local manufacturing and exports.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Coated Screw Market by Segment
The study includes a forecast for the global coated screw market by type, application, and region.
Coated Screw Market by Type [Value from 2018 to 2030]:
• Tungsten Carbide Coatings
• Titanium Nitride Coatings
Coated Screw Market by Application [Value from 2018 to 2030]:
• Engineering Plastics
• Machining
• Halogen Free Product
• Others
Coated Screw Market by Region [Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Coated Screw Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies coated screw companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the coated screw companies profiled in this report include-
• Shreeji Corporation
• Mcmaster-Carr
• Nationwide Industries
• JZ Fastener
• Landwide
• Lituo
• Jinyi Precision Machinery
Recent Development in the Coated Screw Market
• Hilti Corporation: Hilti Corporation has launched a new line of corrosion-resistant coated screws designed for heavy-duty construction applications. These screws feature a proprietary coating that significantly extends the lifespan of fasteners in harsh environments, making them ideal for use in coastal and industrial projects.
• Fastenal Company: Fastenal Company has introduced a new range of eco-friendly coated screws that use a water-based coating process, reducing the environmental impact compared to traditional methods. This innovation aligns with the company’s commitment to sustainability while maintaining high performance and durability standards.
• Würth Group: Würth Group has expanded its product portfolio with a new series of high-strength coated screws designed for the automotive industry. These screws offer enhanced resistance to vibration and wear, ensuring long-term reliability and safety in critical automotive components.
• Stanley Black & Decker: Stanley Black & Decker has developed a new line of self-drilling coated screws featuring an advanced coating technology that improves drilling efficiency and reduces installation time. These screws are particularly suitable for metal-to-metal fastening applications in construction and manufacturing.
• SPAX International: SPAX International has unveiled a new generation of coated screws that incorporate anti-friction coating to facilitate easier and faster driving. The new screws are engineered to reduce the required driving torque, which not only speeds up the installation process but also extends the battery life of power tools.
Features of the Global Coated Screw Market
Market Size Estimates: Coated screw market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Coated screw market size by type, application, and region in terms of value ($B).
Regional Analysis: Coated screw market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the coated screw market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the coated screw market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for coated screw market?
Answer: The global coated screw market is expected to grow with a CAGR of 5.6% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the coated screw market?
Answer: The major drivers for this market are growing demand for corrosion-resistant fasteners in construction & automotive industries and rising use of these screws for DIY projects and home.
Q3. What are the major segments for coated screw market?
Answer: The future of the coated screw market looks promising with opportunities in the engineering plastic, machining, and halogen free product markets.
Q4. Who are the key coated screw market companies?
Answer: Some of the key coated screw companies are as follows:
• Shreeji Corporation
• Mcmaster-Carr
• Nationwide Industries
• JZ Fastener
• Landwide
• Lituo
• Jinyi Precision Machinery
Q5. Which coated screw market segment will be the largest in future?
Answer: Lucintel forecasts that tungsten carbide is expected to witness higher growth over the forecast period.
Q6. In coated screw market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness the highest growth over the forecast period.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the coated screw market by type (tungsten carbide coatings and titanium nitride coatings), application (engineering plastics, machining, halogen free product, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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