North America Anchors and Grouts Market Size (2024 - 2029)

The North America anchors and grouts market is experiencing growth, recovering from the negative impacts of the COVID-19 pandemic that halted construction projects. The market size is expected to expand due to the development of petrochemical plants and the construction industry. However, growth is challenged by VOC emission restrictions and a skilled workforce shortage. Despite these challenges, advancements in technology and a focus on green building materials present promising opportunities for the market's expansion.

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Market Size of North America Anchors and Grouts Industry

North America Anchors and Grouts Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 4.00 %
Market Concentration Low

Major Players

North America Anchors and Grouts Market Major Players

*Disclaimer: Major Players sorted in no particular order

North America Anchors & Grouts Market Analysis

The North America anchors and grouts market is anticipated to register a CAGR greater than 4% during the forecast period.

During the outbreak of COVID-19, there has been a negative impact on the anchors and grouts market in the North America region as construction projects in the residential and commercial sectors came to a halt. The North America anchors and grouts market has recovered from the pandemic and is growing significantly.

  • Over the short term, expansions of petrochemical plants and significant development in the construction industry are projected to fuel market growth throughout the forecast period.
  • However, it is estimated that VOC emission restrictions and a shortage of skilled workforce are the major factors that are likely to hamper the growth of the North America anchors and grouts market size.
  • Nevertheless, increasing technological innovations in the construction industry and a greater emphasis on green building materials will likely create lucrative delivery opportunities for the North America anchors and grouts market over the forecast period.

North America Anchors & Grouts Industry Segmentation

Anchors and grouts are composite materials made of water, cement, and sand. It is commonly used to fill holes beneath machines or other structural parts, seal seams and openings in surfaces, and reinforce existing structures. The Anchors and grouts market is segmented by product type, end-user industry, and geography. By product type, the market is segmented into cementitious fixing, resin fixing, and other product types. The end-user industry segments the market into residential, non-residential, and infrastructure. The report covers the market size and forecast for the anchors and grouts market in 3 countries across the North America region. For each segment, the market sizing and forecasts have been done based on revenue (USD million).

Product Type
Cementitious Fixing
Resin Fixing
Other Product Types
End-user Industry
Residential
Non-residential
Infrastructure
Geography
United States
Canada
Mexico
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North America Anchors and Grouts Market Size Summary

The North America anchors and grouts market is poised for significant growth, driven by expansions in the petrochemical sector and robust developments in the construction industry. The market, which experienced a downturn during the COVID-19 pandemic due to halted construction projects, has since rebounded and is expected to continue its upward trajectory. Key factors such as technological advancements in construction and a focus on sustainable building materials are anticipated to create lucrative opportunities. However, challenges like VOC emission restrictions and a shortage of skilled labor may impede growth. Anchors and grouts are extensively used in non-residential sectors for building repairs and new constructions, offering benefits like corrosion resistance and rapid strength growth, which are particularly valued in industrial applications.

The United States holds a dominant position in the North America anchors and grouts market, supported by a substantial construction industry that significantly contributes to the national economy. The country's construction sector is experiencing a surge in spending, with private construction outpacing governmental investments. The increasing number of petrochemical projects and planned capacity expansions are expected to further drive demand for anchors and grouts. The market is characterized by fragmentation, with major players like MAPEI SpA, Sika AG, and Fosroc Inc. actively participating. Recent acquisitions, such as Sika AG's purchase of United Gilsonite Laboratories, highlight the strategic moves by companies to enhance their offerings in the construction sector.

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North America Anchors and Grouts Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Expansions of Petrochemical Plants

      2. 1.1.2 Development in the Construction Industry

    2. 1.2 Restraints

      1. 1.2.1 VOC Emission Restrictions

      2. 1.2.2 Shortage of Skilled Manpower

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Buyers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION (Market Size in Value)

    1. 2.1 Product Type

      1. 2.1.1 Cementitious Fixing

      2. 2.1.2 Resin Fixing

      3. 2.1.3 Other Product Types

    2. 2.2 End-user Industry

      1. 2.2.1 Residential

      2. 2.2.2 Non-residential

      3. 2.2.3 Infrastructure

    3. 2.3 Geography

      1. 2.3.1 United States

      2. 2.3.2 Canada

      3. 2.3.3 Mexico

North America Anchors and Grouts Market Size FAQs

The North America Anchors and Grouts Market is projected to register a CAGR of greater than 4% during the forecast period (2024-2029)

MAPEI SpA , Sika AG , Fosroc Inc. , Saint-Gobain Weber and MBCC group are the major companies operating in the North America Anchors and Grouts Market.

North America Anchors and Grouts Report Snapshots

North America Anchors and Grouts Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)