India Anchors and Grouts Market Size

India Anchors and Grouts Market Analysis

The India Anchors and Grouts Market size is estimated at 76.41 million USD in 2024, and is expected to reach 116.07 million USD by 2030, growing at a CAGR of 7.22% during the forecast period (2024-2030).

Want to share this? Click here to share on social media or embed it on your website.

76.41 Million

Market Size in 2024 (USD)

116.07 Million

Market Size in 2030 (USD)

4.29 %

CAGR (2018-2023)

7.22 %

CAGR (2024-2030)

Largest Market by Sub Product

57.98 %

value share, Resin Fixing, 2023

Owing to its widespread applications in residential and industrial constructions, due to its properties such as corrosion-resistant, vibration-resistant, etc., the segment holds the largest share.

Fastest Market by Sub Product

7.92 %

Projected CAGR, Resin Fixing, 2024-2030

With the growing demand for housing construction coupled with the government plans for the construction industry, the resin fixing segment is expected to register the fastest growth during the forecast period.

Largest Market by End Use Sector

34.65 %

value share, Commercial, 2023

Due to the growing usage of anchors and grouts, coupled with the increasing construction activities in the Indian commercial sector, the segment occupied the largest share of the market.

Fastest Market by End Use Sector

8.99 %

Projected CAGR, Industrial and Institutional, 2024-2030

The growing manufacturing sector, along with rapid urbanization and industrialization, coupled with rising applications of anchors and grouts, are expected to drive the demand in the industrial and institutional sector.

Leading Company

9.95 %

market share, Sika AG, 2022

The company's broad range of high-quality products, well-established network in the country, robust supply chain, and strategic expansions and acquisitions in the construction industry make it a major player in the market.

Owing to the growth in manufacturing industries, the industrial sector is likely to be the fastest-growing end-use sector for the Indian anchors and grouts market

India Anchors and Grouts Industry Segmentation

Commercial, Industrial and Institutional, Infrastructure, Residential are covered as segments by End Use Sector. Cementitious Fixing, Resin Fixing are covered as segments by Sub Product.

• In 2022, the market value increased by USD 4.8 million compared to the previous year, reflecting the growing demand from end-use sectors. Considering the steady expansion of India's construction industry, which is expected to reach USD 1.4 trillion by 2025, the Indian anchors and grouts market was projected to record a significant increase in value in 2023.
• The commercial sector remains the primary consumer of anchors and grouts in India, largely due to the ongoing construction of new buildings. In 2022, the sector added approximately 47 million sq. ft of new floor area, a reflection of the steady economic growth. The sector's need for repair, restoration, and seismic strengthening applications also contributes to this consumption.
• The residential sector is another major user of anchors and grouts in India, particularly for tile joint filling. This is in line with the higher preference for tile or marble flooring in Indian homes. India's status as the second-largest producer of ceramic tiles, with a production volume of around 2.3 billion sq. m in 2022, underscores the high demand for tile joint grouts.
• Significant construction developments are expected in India's manufacturing, healthcare, skill development, and education sectors. The manufacturing sector, for example, is expected to reach a value of USD 1 trillion by 2030, with investments in Industry 4.0 technologies having been projected to reach USD 1.3 billion in 2023. The industrial and institutional sector is expected to experience the most rapid growth in market value, with a CAGR of 9.1% during the forecast period (2023-2030).