Global Wood Construction Screws Market Size is expected to grow to $1369.16 million by 2029

Global Wood Construction Screws Market Overview

According to Global Market Monitor, the global wood construction screws market size was $1157.48 million in 2023 and is expected to grow to $1369.16 million by 2029. With the continuous development of the global economy, the construction industry continues to grow, and the application of wood structure screws is more widespread. The global wood structure screws market is expected to show moderate growth during the forecast period.

Advantages of Wood Construction Screws: Wide Applications

Wood construction screws are suited for applications that involve plywood, lumber, and other wood materials or be used to attach door hinges, locks, and other non-wood objects. It is an ideal product for wood-based panels and plastic parts and has been widely used in sheet metal, furniture products, house decoration, wall panels, decks, engineering construction, water conservancy projects, etc. All wood screws have a destructive thread to hold the wood. It has a sharp edge, good product hardness, and is easy to screw in. A screw-free part makes it difficult to withdraw after screwing in. This property of wood screws to increase the durability of joined parts is expected to augment the market. In addition, some wood screws have a coating to prevent corrosion. And if the fastener is supposed to remain exposed after assembly, wood screws are provided with decorative heads and finishes. All this makes them an ideal choice among consumers. The largest application is the construction sector, with a market share of 76.07% in 2023.

The main materials of building structures such as concrete, steel, and brick masonry are all high-energy-consuming. The situation has forced countries to find more energy-saving and environmentally friendly building materials. Both ancient and modern wood have entered the sight of choice. In western developed countries, wood structure has become the main building form of residential houses. This architectural form can also be used in larger-scale commercial and public buildings. For example, the Canadian Forest Products Research Institute (Forintek), a forest product research base in Vancouver, Canada, covers an area of 9,300 square meters (100,000 square feet) for office and experimental buildings, which is an example of the large-scale use of lightweight frame structures. Many countries have gradually developed this kind of modern light wood structure system. In modern wood structures, especially light wood structures, steel plates, and wood construction screws are widely used to connect the wood structure. Such a trend of preferring light wood structure system building in the construction industry promises to create good conditions for the development of the wood screw market.

Company Name	Wurth Group
Website	www.wurthusa.com
Established Time	1969
Plants Distribution	Mainly in North America
Sales Region	Worldwide
Latest News	In March 2023, Wurth Group agreed with a group of TIM’s shareholders including main shareholder Krzysztof Folta to acquire around 40 percent of the shares in TIM S.A. and issued a public tender offer for all shares to the shareholders of TIM S.A. The transaction was subject to the approval of the responsible competition authorities. On January 25th, 2024, this approval was granted including a condition acceptable to the buyer.