Anchors And Grouts Market Segment Analysis by Product Type and Application

 The global anchors and grouts market was valued at USD 3.52 billion in 2024 and is forecast to climb to USD 4.56 billion by 2030. This expansion represents a Compound Annual Growth Rate (CAGR) of 4.5% over the period from 2025 to 2030. The market’s upward trajectory is primarily fueled by the rapid expansion of the construction and infrastructure sectors, particularly across emerging economies.

 

Increasing urbanization and industrialization are driving the development of major residential, commercial, and industrial projects. These large-scale constructions demand reliable anchoring and grouting solutions to ensure structural stability.

 

Furthermore, the significant build-out of transportation infrastructure, including highways, bridges, tunnels, and metro systems, further stimulates the need for sophisticated grout and anchor products. A growing emphasis on constructing structures that are resilient and durable enough to withstand environmental and seismic challenges is expected to accelerate the adoption of high-performance grouting and anchoring systems throughout the forecast period.

 

Key Market Trends & Insights

  • In 2024, the Asia Pacific anchors and grouts market was the largest and fastest-growing segment, generating a revenue share of 31.4% and a value of USD 1.10 billion in the global market. A positive outlook for the overall construction industry, coupled with the penetration of multinational brands supported by favorable trade policies, is driving the construction sector's growth in the region.
  • The North American anchors and grouts market accounted for a 29.5% revenue share in 2024, largely attributable to high market penetration across the region’s developed economies, such as the U.S. and Canada.
  • By anchors product, the mechanical anchors segment dominated the market in 2024 with 67.3% of revenue. This dominance is due to the high durability, rigidity, and ease of maintenance offered by these construction anchors, leading to their surged global adoption.
  • In the grouts product category, the cementitious grouts segment generated the largest revenue of USD 156.0 million in 2024. This is driven by their cost-effectiveness, versatility, and compatibility with traditional construction materials. Cementitious grout is a fundamental component in infrastructure projects (like tunnels, bridges, and dams) and is extensively used for filling voids and reinforcing concrete structures.
  • Based on application, commercial buildings led the global market in 2024, capturing a revenue share of 31.3% of the overall market. Anchors and grouts are widely used in commercial applications because of their ability to provide secure mounting systems for safely hanging items on concrete, brick, or block walls.

 

Order a free sample PDF of the Anchors And Grouts Market Intelligence Study, published by Grand View Research.

 

Market Size & Forecast

  • 2024 Market Size: USD 3.52 billion
  • 2030 Projected Market Size: USD 4.56 billion
  • CAGR (2025-2030): 4.5%
  • Asia Pacific: Largest market in 2024

 

Key Companies & Market Share Insights

Some key players operating in the market include Sika AG, BASF SE, Mapei S.p.A., Fosroc International Ltd., and W. R. Grace & Co.:

  • Sika AG offers a broad portfolio of anchors and grouts (epoxy, cementitious, and hybrid) for construction, infrastructure, and industrial applications. Known for its innovation, the company prioritizes sustainability with low-emission, high-performance products. Its strong global footprint in over 100 countries ensures reliable distribution and technical support.
  • BASF SE, through its Master Builders Solutions brand, provides premium anchoring and grouting solutions. Its portfolio includes advanced chemical grouts, epoxy anchors, and high-strength cementitious materials tailored for demanding applications. Based in Ludwigshafen, Germany, BASF focuses heavily on R&D, delivering solutions that meet the requirements of large-scale infrastructure and energy projects.

Saint-Gobain Weber, Ardex Group, LATICRETE International Inc., Chemfix Products Ltd., and MYK Laticrete are noted as some emerging market participants:

  • Saint-Gobain Weber, a subsidiary of the French conglomerate Saint-Gobain, specializes in high-performance construction materials. Its product line features advanced cement-based and resin-based grouts for residential, commercial, and industrial use. With a significant presence in Europe and Asia, the company concentrates on sustainable and innovative solutions for durable and efficient construction.
  • LATICRETE International Inc. provides a wide range of high-performance epoxy and cementitious grouts known for precision and durability. LATICRETE emphasizes eco-friendly practices, offering low-VOC and energy-efficient products suitable for both small-scale and large-scale construction projects.

 

Key Players

  • Sika AG
  • BASF SE (Master Builders Solutions)
  • Mapei S.p.A.
  • Fosroc International Ltd.
  • W. R. Grace & Co.
  • Saint-Gobain Weber
  • Ardex Group
  • LATICRETE International Inc.
  • Chemfix Products Ltd.
  • MYK Laticrete

 

Explore Horizon Databook – The world's most expansive market intelligence platform developed by Grand View Research.

 

Conclusion

The anchors and grouts market is poised for steady growth, projected to increase from USD 3.52 billion in 2024 to USD 4.56 billion by 2030 at a 4.5% CAGR. This expansion is fundamentally driven by global infrastructure development and rapid urbanization, with Asia Pacific acting as the largest and fastest-growing regional market. The market shows a strong preference for mechanical anchors and cementitious grouts, with commercial buildings being the leading application sector, underscoring the critical role these products play in ensuring the structural integrity and durability of modern construction projects worldwide.

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