Industry Background:
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.This growth is primarily driven by Rapid Urbanization Translating to a Large Number of New Construction Projects
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Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Volume Unit | K Units |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Construction & Engineering sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Manufacturers, such as 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), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
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.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.
Regulatory Insights:
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.
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
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Manufacturers landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Chemical Anchors Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Chemical Anchors Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Chemical Anchors players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Chemical Anchors Study Sheds Light on
The Chemical Anchors Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Chemical Anchors industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Chemical Anchors industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Manufacturers can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.