Market Size of Middle-East and Africa Anchors and Grouts Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 5.50 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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MEA Anchors & Grouts Market Analysis
Middle-East and African anchors and grouts market is projected to register a CAGR of over 5.5% during the forecast period.
The COVID-19 pandemic had a negative impact on the Middle East and Africa anchors and grouts market. Construction activity in the residential and non-residential sectors was interrupted due to the lockdown, lowering the consumption of anchors and grouts within the region. Following the ongoing construction activity in the Middle East and Africa area, the market developed gradually after 2020.
- In the short term, growing demand from the construction sector and increasing petrochemical plant expansions are expected to boost market demand.
- Regulations for VOC emissions and the inadequacy of skilled labor remains a constraint for the growth of the market studied.
- Growing technological innovations in the construction sector are expected to offer opportunities for the anchor and grouts market.
- Saudi Arabia is expected to dominate the anchors and grouts market in the Middle East and Africa and is also likely to witness the highest CAGR during the forecast period.
