The rise in demand for Chemical Anchors in the construction sector can be ascribed to its enhanced performance over mechanical anchors. The outbreak of COVID-19 across the globe has resulted in the temporary shutdown of numerous building projects and various other industrial operations across several countries. As a result, it is likely to slow down the development of the global Chemical Anchors market in the next few months to come. However, the expansion of the construction industry is projected to be stabilized by the resumption of projects soon after the normalization of the situation and with tougher controls and social distancing as part of government initiatives to unlock.
The requirement for chemical anchor is projected to rise in the US as the spending on infrastructure grows. As per the findings of American Society of Civil Engineers (ASCE), around 231,000 bridges out of 617,000 are in need of preservation or repair, which is likely to drive up demand for Chemical Anchors over the next few years to come. Epoxy, epoxy acrylate, vinyl ester, hybrid mortar, and polyester are some of the most common basic materials utilized to make chemical anchors. In addition to that , the selection of a chemical anchor is influenced by a number of factors, including the deployment environment, customer preferences, and performance requirements.
Transparency market research offers a comprehensive understanding of the global chemical anchors market through this report. It offers well-researched data on various facets of the market to offer valuable business input for profit generation.
For example, in January 2017, EJOT declared the purchasing of Sormat, a fastening and anchoring technology firm located in Finland. EJOT sought to extend its construction fasteners product line and improve its foothold in the Finland market with this acquisition.
The noted players that are operational in the global chemical anchors market are Simpson Strong-Tie Company, Inc., MungoBefestigungstechnik AG, FIXDEX Fastening Technology, KoelnerRawlplug IP, Henkel AG & Company, KGaA, and Illinois Tool Works Inc.
Below-mentioned market trends and opportunities mark the global chemical anchors market:
Chemical anchoring refers to a method of attaching concrete, cement, and other comparable substrates to provide more flexibility and load bearing capability. Chemical anchoring is widely used in many end-use industries. Before the steel or iron stud is enclosed in a chemical anchoring procedure, a polymeric resin is injected into the hole. The chemical glue fills or closes all gaps and imperfections naturally in this process, making the hole airtight and adhesion-friendly. Increased strength is created by the extra adhesion created by chemical anchoring.
Chemical anchors are deployed in the most of the scaffold anchoring, column bases, and steel structures, and because they have better properties than their equivalents. However, low levels of understanding amongst contractors, especially in the developing nations, about the proper usage construction chemicals for buildings is likely to limit the expansion of the global chemical anchors market in the near future.
Europe is likely to come up as one of the leading regions in the global chemical anchors market and is likely to retain its dominance throughout the forecast timeframe, from 2021 to 2031. Nations that were hard impacted by the outbreak of Covid-19, including Italy, France, and the UK, are anticipated to recover. In these nations, the demand for chemical anchors is likely to remain significantly high. As per the findings of the Construction Products Association, construction production in the UK is expected to rise in the forthcoming years.
Chemical anchors have been more popular in North America in the recent years, particularly in commercial as well as infrastructure projects. During the projected period, the Chemical Anchors market is expected to increase due to increased understanding of chemical anchoring and rising infrastructural expenditure in the region.
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