Global Chemical Anchors Market by Application (Infrastructure, Industrial), by Product (Injectable Adhesive, Capsule Adhesive), by Resin (Hybrid Systems, Epoxy Acrylate) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Summary of the Report

Global chemical anchors market was valued at USD 870.8 millions in 2020. It is expected to grow at a compound annual rate (CAGR of 4.1%) between 2020 and 2028. Due to its superior performance, the market growth can be attributed to rising demand in the construction sector. Due to the COVID-19 global epidemic, market growth was slowed in H1 2020. This caused the temporary closing of many construction projects across multiple countries. The government's unlock programs will allow for the restarting of projects in 2020, with tighter restrictions and social distancing. This is expected to stabilize growth in the construction industry.

Due to the increasing investments in infrastructure, the U.S. will see a rise in demand for chemical anchors. According to the American Society of Civil Engineers, there are 231,000 bridges that need to be repaired and preserved. This will increase the demand for the product in the future.

For the manufacture of chemical anchors, epoxy acrylate and polyester are the main raw materials. The choice of chemical anchor is dependent on many factors such as the performance requirement, preference of consumers, and installation environment.

Pricing of products is largely determined by the total volume of raw materials used and minimum lot sizes. The raw material prices are also affected by resource availability and government policy.

Because of their superior properties, chemical anchors are used in most steel constructions, columns bases, and scaffold anchoring. The market is still being restricted by low awareness among contractors, especially in emerging economies, about the proper use of construction chemicals for structures.

Product Insights

The largest share, over 70% of global revenue in 2020, was attributed to injectable adhesive anchors. They are the most commonly used chemical anchors. Injection chemicals are used extensively in masonry, natural stone, rebar, and other applications. They are used for fixing steel dowels, handrails and staircases, as well as building facades, sound barriers, pipes and brackets.

Injectable adhesive anchors take four times longer to cure than mechanical anchors. Manufacturers are developing new resin formulations to reduce the curing time. This makes it an attractive option for both external and internal applications.

Capsule adhesive anchors can be used on concrete surfaces and are widely used in commercial and industrial construction. They are used primarily to anchor steel structures, cranes and elevators as well as industrial machinery. Capsule adhesive anchors are a great option for companies looking to increase their production capacity after a pandemic.

Resin Insights

The largest share, 35.0%, was held by epoxy acrylate in 2020. Its key characteristics include high strength, quick curing, high load applications and resistance to corrosive and moist conditions.

Due to its popularity as an injection anchoring technology, polyester is expected to grow at 3.9% annually over the forecast period. This resin can be used for light to medium loads. It can also be used on concrete and hollow masonry surfaces.

Two-part epoxy bonded chemical anchors with a 1:1 ratio in normal and seismic conditions are available for cracking and uncracked concrete. These anchors can be used in structural applications as well as rebar connections that require high load-bearing capacities.

It is also ideal for high load applications because the bond it forms is stronger than the base material. The system is also centered on adhesion principles, which means that the base material is not subject to additional load stress. It is ideal for group anchoring, low compressive strength concrete, and close to the edge fixing.

Application Insights

In 2020, the infrastructure segment held the largest share at over 35.0% and is expected to grow the most over the forecast period. This segment is dominated by chemical anchors due to its need for superior-performing and robust products. This sector is also less affected by mechanical anchors due to its large application.

In 2020, a large portion of the market's revenue came from both commercial and residential sectors. Market growth is expected to be driven by rising construction spending in emerging countries. These countries' governments have made significant investments in infrastructures such as hospitals, offices, and housing societies.

Many industries have helped to create new manufacturing hubs in various countries. This has led to an increase in population and development of cities. These factors have a significant impact on the growth and demand for chemical anchors, both residential and commercial.

Both the growing global population and increased migration have contributed to an increase in residential building construction. According to the UN's International Migrant Stock 2019, approximately 272 million international migrants accounted for 3.5% of global population. To accommodate the increasing number of migrants living in urban areas, residential building constructions are on the rise, which means that chemical anchors are needed.

Regional Insights

Europe was the dominant market, with a greater than 30% share in 2020. The region is expected to experience significant growth during the forecast period. The economic recovery after COVID-19 lockdown is responsible for the growth of the regional markets. Construction activities in residential and infrastructural areas are expected to rebound in 2021.

The pandemic-affected countries of France, Italy, the U.K. and the U.S. are expected to rebound. This will allow for strong demand for chemical anchors. According to the Construction Products Association in the U.K., construction output will rise by 12.9% and 5.2% respectively in 2021, which is expected in order to increase product demand.

In North America, chemical anchors have been gaining prominence over the last few years, particularly in infrastructural and commercial activities. The market is expected to grow due to increased awareness about chemical anchors and growing infrastructure investment in this area.

Canada's construction industry is set to grow due to rising population, increasing urbanization and an increased immigration rate. The country's increasing number of service-providing companies is expected to drive the demand for office space, which will in turn fuel commercial construction.

Market Share Insights & Key Companies

Chemical anchor manufacturers are now focusing on acquisitions to increase their product range and geographic presence. EJOT, a Finnish manufacturer of anchoring and fastening technology, announced in January 2017 that it had acquired Sormat. EJOT sought to increase its product line of building fasteners and strengthen its presence on the Finnish market with this acquisition.

To gain consumers' trust, manufacturers have been focusing on quality certification. For instance, MungoBefestigungstechnik AG has quality certification of Swiss Safety Center AG and ISO 9001:2015. Chemfix Products Ltd. holds various quality certifications, such as ISO-9001 and ISO-14001. The following are some of the major players in the global market for chemical anchors:

• 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

Up Market Research published a new report titled “Chemical Anchors Market research report which is segmented by Application (Infrastructure, Industrial), by Product (Injectable Adhesive, Capsule Adhesive), by Resin (Hybrid Systems, Epoxy Acrylate), By Players/Companies KoelnerRawlplug IP, MungoBefestigungstechnik AG, MKT Fastening, FIXDEX Fastening Technology, Simpson Strong-Tie Company Inc, Sika AG, Fischer Group, Hilti Group, Ripple India, EJOT, Henkel AG & Company KGaA, Leviat BV, Power Fasteners, Chemfix Products Ltd, Illinois Tool Works Inc”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Chemical Anchors Market Report Segments:

The market is segmented by Application (Infrastructure, Industrial), by Product (Injectable Adhesive, Capsule Adhesive), by Resin (Hybrid Systems, Epoxy Acrylate).

Chemical Anchors Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Chemical Anchors Market

Overview of the regional outlook of the Chemical Anchors Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Chemical Anchors Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Chemical Anchors Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Infrastructure

                2. Industrial

                1. Injectable Adhesive

                2. Capsule Adhesive

                1. Hybrid Systems

                2. Epoxy Acrylate

9. Market scenario by region, sub-region, and country.
10. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
11. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
12. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Chemical Anchors Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

How you may use our products:

• Correctly Positioning New Products
• Market Entry Strategies
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Reasons to Purchase the Chemical Anchors Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.