The global chemical anchors market size is expected to be worth around US$ 3.20 billion by 2030, according to a new report by Vision Research Reports.
The global chemical anchors market size was valued at US$ 880.8 million in 2020 and is anticipated to grow at a CAGR of 6.1% during forecast period 2021 to 2030.
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Chemical Anchors Market (By Product: Injectable Adhesive, Capsule Adhesive; By Resin: Polyester, Unsaturated Polyester, Epoxy Acrylate, Pure Epoxy, Hybrid Systems; By Application: Residential, Commercial, Infrastructure, Industrial) – Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook 2021 – 2030
Report Coverage
| Report Scope | Details |
| Market Size | USD 3.20 billion by 2030 |
| Growth Rate | CAGR of 6.1% From 2021 to 2030 |
| Base Year | 2021 |
| Forecast Period | 2021 to 2030 |
| Segments Covered | Product, Resin, Application |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
| Companies Mentioned | Hilti Group; Illinois Tool Works Inc.; Sika AG; Simpson Strong-Tie Company, Inc.; Henkel AG & Company, KGaA; MKT Fastening; Power Fasteners; FIXDEX Fastening Technology; EJOT; Ripple India; KoelnerRawlplug IP; MungoBefestigungstechnik AG; Chemfix Products Ltd.; Leviat B.V.; Fischer Group |
Growth Factors
Rising demand for chemical anchors across industrial and infrastructure projects owing to their superior performance and durability is expected to propel market growth.
Furthermore, the growing demand for anchors that are easy to install and are more efficient and reliable, coupled with the popularity of the technologies used in its production, is driving manufacturers to continuously engage in innovation, requiring them to take the necessary steps to maintain and improve the product standards.
The market growth is attributed to the rising demand for the product in the construction industry owing to its superior performance as compared to mechanical anchors. The market growth was dampened in the H1 of 2020 due to the global outbreak of the COVID-19, which lead to the temporary closure of construction projects and other industrial activities across several countries. However, the restart of projects in the second half of 2020 with stricter restrictions and social distancing, as part of the unlock programs by governments, is expected to stabilize the growth of the construction industry.
By Product Analysis
Injectable adhesive anchors dominated for the largest share of over 71.0% of the global revenue in 2020. They are the most often used chemical anchors. Injection chemicals are widely used during masonry, natural stone, and rebar applications. They are commonly used to fix steel dowels, staircases, handrails, building facades, sound barriers, pipes, brackets, and post-installation rebar connections.
Capsule adhesive anchors are used on a concrete surface and find application in industrial and commercial construction. These are primarily used in anchoring steel structures, cranes, elevators, and industrial machinery. Post-pandemic growth in industrial and commercial output is encouraging companies to expand their manufacturing capacity, thereby providing ample growth opportunities for capsule adhesive anchors.
By Resin Analysis
Epoxy acrylate dominated for the largest share of over 36.0% in 2020. Key characteristics of the resin including high strength, fast curing, ideal for high load applications, and resistance to corrosive or moist conditions promote its use across the construction sector.
Polyester is projected to register a CAGR of 4.9% over the forecast period owing to it being a popular injection anchoring technology. This resin is popular for use in light to medium loads and can be used across concrete, solid, and hollow masonry surfaces.
By Application Analysis
The infrastructure segment dominated for the largest share of over 36.0% in 2020 and is expected to witness the fastest growth over the forecast period. Chemical anchors are primarily used in this segment due to the need for robust and superior-performing products. Further, the cost factor over mechanical anchors impacts this sector the least owing to the scale of application.
The residential and commercial sectors collectively accounted for a significant revenue share in 2020. The rise in construction spending in emerging economies is expected to be the major driver for the market.
The growing global population and migration have boosted the overall construction of residential buildings. The International Migrant Stock 2019, a UN statistic, estimates that the number of international migrants reached roughly 272 million, or 3.5% of the global population.
By Regional Analysis
Europe accounted the market with a share of more than 31.0% in 2020 and is expected to witness significant growth over the forecast period. The growth of the regional market is attributed to the economic recovery post-COVID-19 lockdown, which was lifted with construction activities in the residential and infrastructural sectors expected to bounce back in 2021.
Chemical anchors have gained prominence in North America over the past few years, especially in commercial and infrastructural activities. Increasing awareness of chemical anchors and the growing infrastructure investment in the area are anticipated to boost the market growth during the forecast period.
Key Players
- Hilti Group
- MKT Fastening
- Power Fasteners
- FIXDEX Fastening Technology
- Illinois Tool Works Inc.
- Sika AG
- Simpson Strong-Tie Company, Inc.
- Henkel AG & Company, KGaA
- EJOT
- Ripple India
- KoelnerRawlplug IP
- MungoBefestigungstechnik AG
- Chemfix Products Ltd.
- Leviat B.V.
- Fischer Group
Market Segmentation
- Product
- Injectable Adhesive
- Capsule Adhesive
- Resin
- Polyester
- Unsaturated Polyester
- Epoxy Acrylate
- Pure Epoxy
- Hybrid Systems
- Application
- Residential
- Commercial
- Infrastructure
- Industrial
- Regional
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Asia Pacific
- China
- India
- Japan
- South Korea
- Central & South America
- Brazil
- Middle East & Africa
- Saudi Arabia
- North America
The study objectives of this report are:
- To analyze and study the global market capacity, production, value, consumption, status (2017-2020) and forecast (2021-2030);
- Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
- To define, describe and forecast the market by type, application and region.
- To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
- To identify significant trends and factors driving or inhibiting the market growth.
- To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
- To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
- To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
- To strategically profile the key players and comprehensively analyze their growth strategies.
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