Global Anchors and Grouts Market - Segmented by Product Type, End-user Industry, and Geography - Growth, Trends, and Forecast (2018 - 2023)
The market for anchors and grouts is expected to register a CAGR of 6.10% during the forecast period, 2018 to 2023.This tremendous growth is significantly driven by the recovering construction industry in Europe.
Recovering Construction Industry in Europe
The European construction sector is recovering and is expected to grow steadily over the next five years, owing to the increased public expenditure on infrastructure. The recovery would significantly support the growth of the anchors and grouts market, during the forecast period. The FIFA World Cup 2018, in Moscow is another key opportunity for the anchors and grouts market, owing to the infrastructure developments planned and those under implementation.
Cementitious Fixing Segment to Dominate the Market
Among the product types, cementitious fixing segment provides the largest market segment for anchors and grouts with more than 50% share of global market. Cementitious grout can be used to repair many civil projects including concrete and earthen dams, sanitary sewer systems, water and waste retention systems, mine shafts, tunnels, subways, and parking garages, etc. This grout is also used for some surface applications, like anchoring base plates, securing rails and bridge bearings, and permanently set structure bolts. Cement injection grouts can be further segmented into three categories namely ordinary Portland cement grout, micro fine grout, and ultrafine grout. The steadily growing cementitious grout segment drives the demand for global anchors and grouts market in the nearby future
Asia-Pacific to Dominate the Market
Asia-Pacific represents the largest regional market for global anchors and grouts market in 2017 with a share of nearly 50%. Owing to their business potential, countries, like Indonesia, China, Malaysia, Singapore, and South Korea, have become hosts to numerous national and international events. This move has accelerated the demand for hotels, shopping malls, high-rise buildings, arenas, and stadiums (both outdoor and indoor), thereby, boosting the construction industry in the respective regions. The large market size coupled with the huge growth of Asia-Pacific is quite instrumental in expansion of the global anchors and grouts market.
Key Developments in the Market
July 2017: BASF launched MasterFlow 9000 series ultra-high strength grout solutions for cost-efficient, durable wind turbines in Japan
Major Players: BASF, Weber, Fosroc, Sika AG, Parex Ltd., and Thermax Global, among others.
Reasons to Purchase this Report
Identify the current and future prospects of the global anchors and grouts market in the developed and emerging markets
Analyze various perspectives of the market with the help of Porter’s five forces analysis
Information of the segment that is expected to dominate the market
Identify the region that is expected to witness fastest growth during the forecast period
Identify the latest developments, market shares, and strategies employed by the major market players
3-month analyst support, along with the Market Estimate sheet (in excel)
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