Southeast Asia Anchors and Grouts Market Size (2024 - 2029)

Southeast Asia Anchors & Grouts Market Analysis

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

During the COVID-19 outbreak, there was a negative impact on the anchors and grouts market in the Southeast Asia region as construction projects in the residential and commercial sectors came to a halt. The Southeast Asia anchors and grouts market 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 Southeast Asia 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 Southeast Asia anchors and grouts market over the forecast period.

Southeast Asia 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 Southeast Asia anchors and grouts market is segmented by product type, sector, and geography. By product type, the market is segmented into cementitious fixing, resin fixing, and other product types. The market is segmented by sector: residential, commercial, industrial, and infrastructure. The report covers the market size and forecast for the anchors and grouts market in five countries across the Southeast Asia region. For each segment, the market sizing and forecasts have been done based on value (USD million).