Anchors And Grout Market Overview
As per MRFR analysis, the Anchors And Grout Market Size was estimated at 3.04 (USD Billion) in 2022.The Anchors And Grout Market Industry is expected to grow from 3.2(USD Billion) in 2023 to 5.1 (USD Billion) by 2032. The Anchors And Grout Market CAGR (growth rate) is expected to be around 5.32% during the forecast period (2024 - 2032).
Key Anchors And Grout Market Trends Highlighted
The anchors and grout market is projected to witness significant growth due to increasing construction activities in various sectors, including residential, commercial, and infrastructure. Urbanization and population growth drive the need for new buildings and infrastructure, fueling the demand for anchors and grout. Additionally, rising awareness of safety and durability in construction projects has led to the adoption of advanced anchoring systems and high-performance grout.
Key market drivers include the growing popularity of concrete structures, which require anchors and grout for reliable connections. Moreover, increasing investments in renewable energy projects, such as wind farms and solar power plants, create opportunities for specialized anchors and grout solutions designed to withstand harsh environmental conditions. Technological advancements in anchor and grout systems, such as self-drilling anchors and fiber-reinforced grout, offer superior performance and ease of installation.
Recent trends in the anchors and grout market include the growing emphasis on sustainable construction practices. Environmentally friendly anchors and grout products, such as bio-based or recycled materials, are gaining traction. Furthermore, advancements in anchoring techniques, such as concealed anchors and post-installed systems, provide aesthetic and design flexibility in construction projects. These trends are expected to shape the future of the anchors and grout market, driving innovation and product development to meet the evolving needs of the construction industry.
Figure1: Anchors And Grout Market, 2018 - 2032 (USD Billion)
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Anchors And Grout Market Drivers
Rising Demand for Infrastructure Development
The Anchors And Grout Market Industry is majorly driven by the increasing requirements of infrastructure development. Particularly, the emerging economies are focused on developing such scenarios and installing anchors and grout to enhance the infrastructure. These products are employed to anchor any structure with the foundations, and grout is suitable material to fill the existing voids, which shall increase the connection strength. The continuous growth of the construction sector, which is linked with urbanization and the rise in population, shall pave the way for these products.In addition, the implementation of the government measures and policies is also a reason for the increasing demand for infrastructure, thereby having a positive effect on the Anchors And Grout Market Industry.
Increasing Adoption of Advanced Construction Techniques
Another factor increasing the industry is the advancement of construction procedure that has resulted in the adoption of modern construction products. The adoption of modular construction, precast concrete components, and off-site fabrication is increasing across various areas. Due to this high rate of adoption, there is a constant need for the use of certain anchors and grouts to ensure the final structure’s durability. Moreover, investors and developers are inclining towards the modern construction approaches that adhere to the new designs and standards and support sustainable and robust energy certification.
Expansion of the Renewable Energy Sector
The increased demand for clean energy sources has opened new opportunities for the Anchors And Grout Market Industry. In particular, solar and wind farms depend on the most stable anchoring system possible to fix the structure to the ground. Thus, this technology relies on grout to enable secure and long-term fixture of the anchoring device. In other words, as the world shifts to clean energy, the demand for anchors and grout will grow.
Anchors And Grout Market Segment Insights
Anchors And Grout Market Anchor Type Insights
The Anchors And Grout Market is segmented into several types of anchors, including mechanical anchors, chemical anchors, expansion anchors, stud anchors, and adhesive anchors. Each type of anchor has its own unique characteristics and applications. Mechanical anchors are the most common type of anchor, and they are typically used in concrete applications. They are made of a variety of materials, including steel, stainless steel, and aluminum. Mechanical anchors work by expanding against the sides of the hole in the concrete, creating a secure connection.
Chemical anchors are a type of anchor that uses a chemical adhesive to bond the anchor to the concrete. They are typically used in applications where high strength is required, such as in structural applications. Chemical anchors are available in a variety of formulations, each with its own unique properties. Expansion anchors are a type of anchor that expands against the sides of the hole in the concrete, creating a secure connection. They are typically used in applications where high strength is not required. Expansion anchors are available in a variety of sizes and shapes, each with its own unique properties.
Stud anchors are a type of anchor that is typically used to connect steel members to concrete. They are made of a threaded stud that is inserted into a hole in the concrete and then tightened. Stud anchors are available in a variety of sizes and lengths, each with its own unique properties. Adhesive anchors are a type of anchor that uses an adhesive to bond the anchor to the concrete. They are typically used in applications where high strength is not required. This growth is expected to be driven by the increasing demand for anchors in the construction industry.The construction industry is expected to grow as the population grows and more people move into urban areas. This growth is expected to continue as the world's population continues to grow and more people move into urban areas.
Figure2: Anchors And Grout Market, By Anchors Type, 2023 & 2032 (USD billion)
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Anchors And Grout Market Grout Type Insights
Epoxy grouts are likely to lead the market for anchors and grout by occupying the largest share in the years to come. These grouts are strong, durable, and resist to chemicals. They have found application in the most demanding industries, such as industrial flooring, bridges, and high-rise construction. The anchors and grout market for epoxy grouts is expected to amount to USD 1.2 billion even by 2027, and its CAGR at the period in question is projected at 5.7%. Cement grouts are also commonly used, since they are cheap and easy to apply.
They are used in residential and commercial construction and infrastructure. The anchors and grout market for cement grouts, according to the experts, will grow at the CAGR of 4.5% and reach the amount of USD 0.9 billion by 2027. The demand for polymer grouts is also growing, since they are highly resistant to chemicals, abrasion, and are strong and flexible. They are used to load chemical, power, and marine applications. The market for anchors and grout for polymer grouts by 2027 is projected to reach the amount of USD 0.7 billion, its CAGR to be 6.2%.
Metallic grouts are strong and used to anchor heavy and other constructions, e.g. machinery or steel. The projected CAGR of the market for metallic grouts is equal to 4.8%, and by 2027, its value is expected to reach USD 0.5 billion. Finally, the so called pre-packed grouts are both strong and easy to apply, since they are pre-mixed in some packages. They thus find application in confined space or complex geometries. The market for pre-packed grouts will have reached the sum of USD 0.4 billion even by 2027, and its CAGR is projected at 5.3%.
Anchors And Grout Market Application Insights
The application segment of the Anchors And Grout Market is diverse, comprising Commercial Construction, Industrial Construction, Infrastructure Development, Residential Construction, and Repair and Renovation. Commercial Construction held the largest market share in 2023, driven by the growing demand for commercial buildings and infrastructure projects. Industrial Construction is expected to witness significant growth, fueled by the expansion of manufacturing and industrial facilities. Infrastructure Development is projected to contribute substantially to the market, as governments invest in roads, bridges, and other infrastructure projects.Residential Construction is expected to remain stable, driven by the demand for new housing and home renovations. Repair and Renovation is anticipated to grow steadily, as existing structures require maintenance and upgrades. In 2023, the Anchors And Grout Market revenue for Commercial Construction was valued at 1.2 billion USD, Industrial Construction at 1 billion USD, Infrastructure Development at 0.9 billion USD, Residential Construction at 0.8 billion USD, and Repair and Renovation at 0.7 billion USD.
Anchors And Grout Market End-User Insights
The End-User segment of the Anchors And Grout Market is expected to see significant growth in the coming years. The construction industry is a major driver of demand for anchors and grout, as these products are essential for the safe and secure installation of a wide range of structures. The Anchors And Grout Market is expected to be worth USD 3.2 billion in 2023, and is projected to reach USD 5.1 billion by 2032, exhibiting a CAGR of 5.32%. The growth of the market is attributed to the increasing demand for construction projects across the globe.Construction companies are the largest end-users of anchors and grout, with a market share of over 50%. The demand for anchors and grout from construction companies is expected to remain strong in the coming years as the construction industry continues to grow. The growth of the construction industry is being driven by the increasing demand for new residential and commercial buildings, as well as the need for infrastructure improvements. Contractors are another major end-user of anchors and grout, with a market share of over 20%. The demand for anchors and grout from contractors is expected to remain steady in the coming years as the construction industry continues to grow.Construction companies and contractors are expected to continue to invest in anchors and grout in order to ensure the safety and security of their projects.
Anchors And Grout Market Regional Insights
The Anchors And Grout Market is segmented into North America, Europe, APAC, South America, and MEA. Among these regions, North America is expected to hold the largest market share in 2023, owing to the presence of well-established construction industry and increasing infrastructure spending. Europe is expected to be the second largest market, followed by APAC. APAC is expected to witness significant growth over the forecast period, due to the rising construction activities in developing countries such as China and India. South America and MEA are expected to have a moderate growth rate during the forecast period.
Figure3: Anchors And Grout Market, By Region, 2023 & 2032 (USD billion)
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Anchors And Grout Market Key Players And Competitive Insights
Major players in Anchors And Grout Market are constantly striving to gain a competitive edge in the industry. Leading Anchors And Grout Market players are focusing on developing innovative products and expanding their reach. The Anchors And Grout Market industry is characterized by intense competition, with several key players vying for market share. These players are investing heavily in research and development to stay ahead of the curve and meet the evolving needs of customers. The Anchors And Grout Market Competitive Landscape is expected to remain dynamic, with mergers and acquisitions shaping the industry in the coming years.Hilti Group, a leading company in the Anchors And Grout Market, has a strong presence and a diverse product portfolio. The company is focused on providing innovative solutions to meet the growing demand for reliable and efficient anchoring systems. Hilti Group is known for its commitment to quality and customer satisfaction, and has a wide distribution network to reach its target customers. The company's strong brand reputation and loyal customer base are key factors contributing to its success in the Anchors And Grout Market.DeWalt, a competitor in the Anchors And Grout Market, is another major player with a presence. The company offers a wide range of anchors and grouts, catering to the needs of various industries, including construction, infrastructure, and manufacturing. DeWalt is known for its durable and high-performance products, and has a strong reputation for quality and reliability. The company has a well-established distribution network and a strong brand presence, which helps it to reach a large customer base. DeWalt's focus on innovation and customer-centric approach has enabled it to gain a strong position in the Anchors And Grout Market.
Key Companies in the Anchors And Grout Market Include
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Powers Fasteners
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DeWalt
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HIT RE 500
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Mungo
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BASF
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Fischer
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Ramset
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Sika
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Red Head
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Ancon
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Bostik
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Hilti
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Wurth
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Simpson StrongTie
Anchors And Grout Market Industry Developments
The Anchors And Grout Market is projected to reach a value of USD 5.1 billion by 2032, exhibiting a CAGR of 5.32% during the forecast period (2024-2032). The market is driven by the increasing demand for anchors and grouts in the construction industry, particularly in emerging economies.Recent news developments and current affairs in the Anchors And Grout Market include:Hilti Group, a leading manufacturer of anchors and grouts, has launched a new line of high-performance anchors designed for use in seismic applications.Simpson Strong-Tie, another major player in the market, has acquired the assets of Ancon Building Products, a manufacturer of structural steel connectors and anchors.The American Concrete Institute (ACI) has released a new code for the design and construction of concrete structures, which includes updated provisions for the use of anchors and grouts.These developments indicate that the Anchors And Grout Market is poised for continued growth in the coming years.
Anchors And Grout Market Segmentation Insights
Anchors And Grout Market Anchor Type Outlook
- Mechanical Anchors
- Chemical Anchors
- Expansion Anchors
- Stud Anchors
- Adhesive Anchors
Anchors And Grout Market Grout Type Outlook
- Epoxy Grouts
- Cement Grouts
- Polymer Grouts
- Metallic Grouts
- Pre-Packed Grouts
Anchors And Grout Market Application Outlook
- Commercial Construction
- Industrial Construction
- Infrastructure Development
- Residential Construction
- Repair and Renovation
Anchors And Grout Market End-User Outlook
- Construction Companies
- Contractors
- Architects and Engineers
- Building Owners
- Government Agencies
Anchors And Grout Market Regional Outlook
- North America
- Europe
- South America
- Asia Pacific
- Middle East and Africa
| Report Attribute/Metric |
Details |
| Market Size 2022 |
3.04(USD Billion) |
| Market Size 2023 |
3.2(USD Billion) |
| Market Size 2032 |
5.1(USD Billion) |
| Compound Annual Growth Rate (CAGR) |
5.32% (2024 - 2032) |
| Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year |
2023 |
| Market Forecast Period |
2024 - 2032 |
| Historical Data |
2019 - 2023 |
| Market Forecast Units |
USD Billion |
| Key Companies Profiled |
Powers Fasteners ,DeWalt ,HIT RE 500 ,Mungo ,BASF ,Fischer ,Ramset ,Sika ,Red Head ,Ancon ,Bostik ,Hilti ,Wurth ,Simpson StrongTie |
| Segments Covered |
Anchor Type ,Grout Type ,Application ,End-User ,Regional |
| Key Market Opportunities |
Growing infrastructure developmentIncreasing demand for lightweight and durable materialsAdvancements in construction techniquesEnvironmental sustainability concernsExpansion into emerging markets |
| Key Market Dynamics |
Growing construction industry Increasing urbanization Rising demand for infrastructure development Technological advancements Government regulations |
| Countries Covered |
North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The Anchors and Grout Market is estimated to be valued at USD 3.2 Billion in 2023.
The Anchors and Grout Market is projected to grow at a CAGR of 5.32% from 2023 to 2032.
The Anchors and Grout Market is expected to reach a value of USD 5.1 Billion by 2032.
