Table of Contents
Historical Data, Premium Insights, Market Dynamic, Analysis and Projection, By Product, Analysis and Projection, By Application, Analysis and Projection, By End-Use, Analysis and Projection, By Regional Analysis, Competitive Landscape, Company Profiles, Market Revenue, Sale & Price Analysis
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According to a research report published by Spherical Insights & Consulting, The Global Anchors and Grouts Market Size is Expected to Grow from USD 3.434 Billion in 2023 to USD 5.352 Billion by 2033, at a CAGR of 4.54% during the forecast period 2023-2033.
Browse key industry insights spread across 210 pages with 110 Market data tables and figures & charts from the report on the Global Anchors and Grouts Market Size, Share, and COVID-19 Impact Analysis, By Type (Cementitious Fixing, Resin Fixing, Epoxy Grout, Polyurethane Grout, and Others), By Application (Residential, Commercial, Industrial, and Infrastructural), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.
The production, distribution, and usage of anchoring and grouting materials for structural stability in a range of building projects are all included in the global anchors and grouts market. These goods are essential for maintaining the structural soundness and longevity of industrial facilities, infrastructure, and structures. The need for sophisticated grouts and anchor goods is further increased by the growth of transportation infrastructure, including highways, bridges, tunnels, and metro systems. For the projection period, it is anticipated that the growing emphasis on creating strong, long-lasting structures that can endure seismic and environmental challenges will accelerate the use of high-performance grouting and anchoring systems. Technological advancements and specialized grout formulations like epoxy-based and cementitious are improving product performance and creating new market opportunities. These products offer superior load-bearing capacity, resistance to chemical and moisture damage, and rapid curing properties. The increasing use of anchors and grouts in renewable energy projects, such as wind turbines and solar panels, is also driving market growth. However, the industry grapples with fluctuating raw material prices, particularly for cement and chemical additives, which can affect manufacturing costs and hinder market expansion in price-sensitive regions.
The cementitious fixing segment accounted for the largest share in 2023 and is expected to grow at a significant CAGR during the forecast period.
Based on the type, the anchors and grouts market is classified into cementitious fixing, resin fixing, epoxy grout, polyurethane grout, and others. Among these, the cementitious fixing segment accounted for the largest share in 2023 and is expected to grow at a significant CAGR during the forecast period. The main reasons for this dominance are cementitious fastening methods' affordability and adaptability, which make them the go-to option for a variety of construction applications. In non-critical applications where high load capacity is not a crucial requirement, including masonry and unreinforced substrates, cementitious fixes are often employed because of their reliable performance.
The commercial segment accounted for the highest market share in 2023 and is expected to grow at a significant CAGR during the forecast period.
Based on the application, the anchors and grouts market is divided into residential, commercial, industrial, and infrastructural. Among these, the commercial segment accounted for the highest market share in 2023 and is expected to grow at a significant CAGR during the forecast period. The capacity of anchors and grouts to offer a safe mounting mechanism for hanging objects to block, brick, or concrete walls makes them popular in commercial applications. For the forecast period, the demand for various anchors and grouts in commercial applications is anticipated to be fueled by the thriving commercial sector in developing economies.
Asia Pacific is estimated to hold the largest share of the anchors and grouts market over the forecast period.
Asia Pacific is estimated to hold the largest share of the anchors and grouts market over the forecast period. Elements include optimism toward the region's construction sector as a whole. Furthermore, advantageous trade policies and the penetration of global brands are supporting the expansion of the Asia Pacific construction industry. The ensuing surge in the building of offices, factories, industrial plants, and infrastructure development projects throughout the region is anticipated to increase demand for grouts and anchors.
North America is predicted to have the fastest CAGR growth in the anchors and grouts market over the forecast period. It is fueled by a high level of market penetration in the region's industrialized countries, namely the United States and Canada. The main driver of these products' uptake is the expansion of construction activity in emerging nations like Mexico. The primary drivers of this market's expansion are rising disposable incomes and increased investment in the refurbishment of existing residential buildings.
Company Profiling
Major key players in the anchors and grouts market include Powers Fasteners, DeWalt, HIT RE 500, Mungo, BASF, Fischer, Ramset, Sika, Red Head, Ancon, Bostik, Hilti, Wurth, Simpson StrongTie, and Others.
Recent Development
Key Target Audience
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the anchors and grouts market based on the below-mentioned segments:
Global Anchors and Grouts Market, By Type
Global Anchors and Grouts Market, By Application
Global Anchors and Grouts Market, By Regional Analysis
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