About Chemical Anchors
Chemical anchors, also known as resin anchors or chemical fixings, are specialized fastening systems used in construction and engineering applications to secure objects to various substrates, primarily concrete, masonry, or stone. Unlike mechanical anchors (such as screws or bolts), which rely on friction and mechanical interlocking, chemical anchors utilize a chemical adhesive to bond the anchor to the base material.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players explore new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that German and United States Manufacturers will contribute the maximum growth to Global Chemical Anchors market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Evonik Industries AG (Germany), Chemfix Products Ltd (United Kingdom), Sika AG (Switzerland), HALFEN (Germany), Shanghai Xupu Fasteners Co., Ltd. (China), FIXDEX Fastening Technology Co Ltd. (China), ITW (United States), Fischer Fixing (United States), Rawlplug (Poland) and Socom (France) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Hilti (Liechtenstein), Henkel (Germany) and Simpson Strong Tie (United States).
Segmentation Overview
AMA Research has segmented the market of Global Chemical Anchors market by Type (Unsaturated Polyester, Capsule Adhesive, Epoxy Acrylate, Pure Epoxy and Hybrid), Application (Residential, Industrial, Infrastructure, Commercial and Other) and Region.
On the basis of geography, the market of Chemical Anchors has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Elements, the sub-segment i.e. Threaded Rods will boost the Chemical Anchors market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Expanding Commercial and Residential Construction Sectors
Market Growth Drivers:
Rapid Urbanization Translating to a Large Number of New Construction Projects and Technology Advancement in Construction Industry
Challenges:
More Sensitive to Poor Hole Cleaning as compared to Mechanical Anchors and Installing Time is Quite Longer as they require More Care
Restraints:
Chemical Anchors are more expensive than a Mechanical Anchor
Opportunities:
Infrastructure and Industrial Development in Emerging Economies
Market Leaders and their expansionary development strategies
November 6, 2018: Sika has acquired the global Concrete Fibers business from Propex Holding, LLC. The acquisition of the Concrete Fibers business, based in Chattanooga, Tennessee, is a further step in Sika’s expansion in fibers.
March 20, 2019: Simpson Strong-Tie Launches Online Resource Center Promoting Construction Practices Designed to Resist High-Wind Events. The High-Performance Solutions for High-Wind Forces online resource center provides contractors, inspectors, specifiers, and homeowners with customized resources for safeguarding the structural integrity of homes and buildings during hurricanes, tornadoes, and other high-wind events.
In the United States, organizations such as the International Code Council (ICC) and Occupational Safety and Health Administration (OSHA) provide guidelines and standards related to construction practices, including the use of chemical anchors. Additionally, industry organizations like the American Concrete Institute (ACI) may provide specific guidelines for chemical anchor usage.
Key Target Audience
Manufacturers of Chemical Anchors, Suppliers of Chemical Anchors, Wholesalers, Distributors, and Retailers of Chemical Anchors, Construction Industry and Governmental Bodies
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.