Global Chemical Anchors Market: Overview
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.
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Global Chemical Anchors Market: Notable Developments
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.
Global Chemical Anchors Market: Key Trends
Below-mentioned market trends and opportunities mark the global chemical anchors market:
High Demand from the Construction Sector to Boost Demand in the 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.
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Global Chemical Anchors Market: Geographical Analysis
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.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.