Chemical Anchor Market Report
Chemical Anchors Market is Segmented by Material Type (Pure Epoxy, Epoxy Acrylate, Unsaturated Polyester, and Others), by Product Type (Injectable Adhesive and Capsule Adhesive), by End-Use Type (Infrastructure, Industrial, Residential, and Commercial), by Substrate Type (Concrete, Masonry, Natural Stone, and Others) and by Region (North America, Europe, Asia-Pacific, and Rest of the World).
Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.
Note: The summary below might not have included insights on covid impact since we have large number of reports.
Chemical anchors are fast, secure, and pressure-free anchors that are bonded into a substrate using an adhesive system. Chemical anchors refer to the bonds between metal elements and substrate materials. In chemical anchors, no-load stress is on the base material as compared to mechanical anchors; thus, they are suitable for permanent and high strength or critical conditions.
In 2020, the sudden outburst of the COVID-19 pandemic caused severe disruptions in the construction industry. The chemical anchor market was no exception to it and witnessed a decline of -7.2% in 2020. Based on primary interviews across the value chain and the study of recovery trajectories of previous downturns, it is estimated that the market will cross its 2019-sales figure in 2021 only, marking a consistent growth during the forecast period. Overall, the chemical anchors market is likely to rebound at a promising CAGR of 6.0% in the long run to reach US$ 1.7 Billion in 2026
Based on the product type, the chemical anchors market is segmented as injectable adhesive and capsule adhesive. Injectable adhesive anchor is expected to remain the larger and the faster-growing product type in the market during the forecast period. Injectable anchors are widely used in masonry, natural stone, and rebar applications owing to ease in handling and usage.
Based on the material type, the market is segmented as pure epoxy, epoxy acrylate, unsaturated polyester, and others. Epoxy acrylate is expected to hold the major share in the market during the forecast period due to high bond strength with high load resistance, fast gelling and curing, reasonable cost, and high chemical resistance. In addition to that, epoxy acrylate is suitable for various substrates, such as concrete, masonry, and natural stone, as well as can be applied in vertical and horizontal directions.
Based on the substrate type, the market is segmented as concrete, masonry, natural stone, and others. Concrete is expected to remain the dominant as well as the fastest-growing substrate type in the market during the forecast period as concrete is the most commonly used construction material and also due to its high compressive strength.
In terms of regions, Europe is expected to remain the largest market for chemical anchors during the forecast period. The demand for chemical anchors is growing in the region due to a boost in construction activities and increasing investments in infrastructure projects. North America and Asia-Pacific are also likely to create sizeable opportunities in the coming five years, driven by an expected rebound in the construction industry.
The following are the key players in the chemical anchors market.
This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s Chemical Anchor market realities and future market possibilities for the forecast period of 2021 to 2026. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.
This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
The chemical anchors market is segmented into the following categories.
Chemical Anchor Market, by End-Use Type
Chemical Anchor Market, by Product Type
Chemical Anchor Market, by Material Type
Chemical Anchor Market, by Substrate Type
Chemical Anchor Market, by Region
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The chemical anchor market is estimated to grow at a CAGR of 6.0% during 2021-2026.
Hilti Group, Henkel AG & Company KGaA, Sika AG, Wurth Group and Fischer Group of Companies are the leading players in the chemical anchor market.
Europe is estimated to remain dominant in the chemical anchor market in the foreseen future.