Market Size of North America Anchors and Grouts Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 4.00 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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North America Anchors & Grouts Market Analysis
The North America anchors and grouts market is anticipated to register a CAGR greater than 4% during the forecast period.
During the outbreak of COVID-19, there has been a negative impact on the anchors and grouts market in the North America region as construction projects in the residential and commercial sectors came to a halt. The North America anchors and grouts market has 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 North America 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 North America anchors and grouts market over the forecast period.
