Report code - SR1140Published On : Feb,2023No. of Pages: 120
Chemical Anchor Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2023-2028
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Chemical Anchor Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2023-2028
Chemical Anchor MarketbyProduct Type (Injectable Adhesive and Capsule Adhesive), Material Type (Pure Epoxy, Epoxy Acrylate, Unsaturated Polyester, and Others), Substrate Type (Concrete, Masonry, Natural Stone, and Others), End-Use Type (Infrastructure, Commercial, Residential, and Industrial), and Region (North America [The USA, Canada, and Mexico], Europe [Germany, France, The UK, Russia, and Rest of Europe], Asia-Pacific [China, Japan, India, and Rest of Asia-Pacific], and Rest of the World [Brazil, Saudi Arabia, and Others]).
Chemical Anchor Market by Product Type (Injectable Adhesive and Capsule Adhesive), Material Type (Pure Epoxy, Epoxy Acrylate, Unsaturated Polyester, and Others), Substrate Type (Concrete, Masonry, Natural Stone, and Others), End-Use Type...
"The global chemical anchor market is estimated to grow at a healthy CAGR of 5.1% during the forecast period to reach a value of US$ 1.9 billion by 2028."
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.
Major factors such as the growing construction industry and government spending on infrastructural development are likely to be the major demand generators for chemical anchors during the forecast period. Further, rapid urbanization and industrialization, population growth, and a rise in disposable income are expected to fuel the growth of the chemical anchors market.
COVID-19 Impact
In the year 2020, the outbreak of the COVID-19 pandemic hit hard the construction industry. The pandemic caused major disruptions in global supply chains, labor and raw material shortages, cancellation or postponement of many construction projects, and lockdowns across the world were some of the major consequences of COVID-19 witnessed across the industry. The chemical anchor market was no exception to it and witnessed a decline of -9.6% in 2020. However, the construction industry started showing recovery from 2021 onwards. In the same year, the chemical anchors market witnessed an excellent growth of 17.6%.
Segment Analysis
Segmentations
List of Sub-Segments
Dominant and Fastest-Growing Segments
Product-Type Analysis
Injectable Adhesive and Capsule Adhesive
Injectable adhesive is most likely to remain the largest segment by product type in the years to come.
Material-Type Analysis
Pure epoxy, Epoxy acrylate, Unsaturated polyester, and Others
Epoxy acrylate is estimated to hold the major share during the forecast period.
Substrate-Type Analysis
Concrete, Masonry, Natural Stone, and Others
Concrete is estimated to remain the largest substrate type for chemical anchors during the forecast period.
End-User-Type Analysis
Infrastructure, Commercial, Residential, and Industrial
Infrastructure remains the biggest demand generator during the forecast period.
Regional Analysis
North America, Europe, Asia-Pacific, and the Rest of the World
Europe is expected to remain the largest market over the next five years, whereas Asia-Pacific is likely to grow at the fastest rate.
Product Trends
"The injectable adhesive anchor segment accounted for the largest market share."
The chemical anchors market is segmented as injectable adhesive and capsule adhesive. Injectable adhesive anchor is expected to remain the larger and faster-growing product type in the market during the forecast period. Injectable adhesive anchors are designed to provide high strength and reliable bonding between the anchor and the surrounding substrate, are easy to install, are suitable for a wide range of substrates, are cost-effective, and durable, thus are widely used in masonry, natural stone, and rebar applications for their strength, versatility, and ease of use.
Material Trends
"Epoxy acrylatesegment accounted for the largest market share."
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.
Substrate Trends
"Concretesegment accounted for the largest market share."
The market is segmented as concrete, masonry, natural stone, and others. Concrete is expected to remain the largest segment of the market during the forecast period. Concrete is the most commonly used construction material as it poses high compressive strength and durability.
End-User Trends
"Infrastructure segment accounted for the largest market share."
The market is segmented as infrastructure, commercial, residential, and industrial. Infrastructure held the largest share of the market due to increased spending on infrastructure projects, a focus on infrastructure development, especially in emerging economies, coupled with urbanization, and economic expansion.
Regional Insights
"Europeaccounted for the largest market share."
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 the growing construction industry, particularly in the residential and commercial sectors, 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 market is highly populated with the presence of several local, regional, and global players. Most of the major players compete in some of the governing factors including price, product offerings, regional presence, etc. The following are the key players in the chemical anchor market.
Note: The above list does not necessarily include all the top players in the market.
Are you the leading player in this market? We would love to include your name. Write to us at sales@stratviewresearch.com
Report Features
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.
What deliverables will you get in this report?
Key questions this report answers
Relevant contents in the report
How big is the sales opportunity?
In-depth analysis of the Chemical Anchor Market
How lucrative is the future?
Market forecast and trend data and emerging trends
Which regions offer the best sales opportunities?
Global, regional and country level historical data and forecasts
Which are the most attractive market segments?
Market segment analysis and forecast
Which are the top players and their market positioning?
Porter’s five forces analysis, PEST analysis, Life cycle analysis
What are the factors affecting the market?
Drivers & challenges
Will I get the information on my specific requirement?
10% free customization
Research Methodology
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. 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 1,000 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 12 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.
Customization Options
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
Detailed profiling of additional market players (up to three players)
SWOT analysis of key players (up to three players)
Competitive Benchmarking
Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances
Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com
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The chemical anchor market is estimated to grow at a CAGR of 5.1% by 2028 owing to expanding construction industry globally due to population growth, rapid urbanization, economic growth, and investment by the government in infrastructure development.
Hilti Corporation, Henkel AG & Company, KGaA, Fischer Group, Würth Group, Sika AG, Illinois Tool Works Inc., and EJOT Holding GmBH & Co.KG are the leading players in the chemical anchor market.
Europe is estimated to remain dominant in the chemical anchor market in the foreseeable future. Increasing demand for residential buildings, commercial buildings, and infrastructure development coupled with increasing population and demand for sustainable buildings are likely to fuel the growth of the region’s market.
Asia-Pacific is estimated to remain the fastest-growing market for chemical anchors in the foreseeable future. The construction industry in Asia-Pacific has been expanding rapidly in recent years, particularly in countries like China and India. In addition to that, increasing demand for residential construction and infrastructure development due to urbanization and population increase is further expected to fuel the region’s market growth.
Infrastructure is likely to maintain its dominance in the market in the next five years owing to rapid economic growth coupled with rising infrastructure development and urbanization, especially in emerging economies such as China and India.
Major factors such as the growing construction industry and government spending on infrastructural development are likely to be the major demand generators for chemical anchors during the forecast period. Further, rapid urbanization and industrialization, population growth, and a rise in disposable income are expected to fuel the growth of the chemical anchors market.
