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.
|Market Size||USD 3.20 billion by 2030|
|Growth Rate||CAGR of 6.1% From 2021 to 2030|
|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|
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.
FIXDEX Fastening Technology
Illinois Tool Works Inc.
Simpson Strong-Tie Company, Inc.
Henkel AG & Company, KGaA
Chemfix Products Ltd.
Central & South America
Middle East & Africa
The Chemical Anchors market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Chemical Anchors market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Chemical Anchors market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Chemical Anchors market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Chemical Anchors market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Chemical Anchors capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Chemical Anchors by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Chemical Anchors market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Chemical Anchors market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Chemical Anchors market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Chemical Anchors industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
Chemical Anchors market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Chemical Anchors market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Chemical Anchors market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Chemical Anchors market. These factors have benefited the growth of the global market for Chemical Anchors. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Chemical Anchors. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of Chemical Anchors are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
The study objectives of this report are:
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