Market Size of South 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 | > 5.00 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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South America Anchors & Grouts Market Analysis
The South American anchors and grouts market is projected to register a CAGR of over 5% during the forecast period. The COVID-19 pandemic negatively impacted the anchors and grouts market in South America. During the pandemic, construction operations in the residential and non-residential segments were temporarily halted, reducing the region's consumption of anchors and grouts. After 2020, the market grew steadily owing to the growing construction activities within the region.
- In the short term, the growing demand for anchors and grouts from the construction industry will benefit the market demand.
- High pressure on existing infrastructure due to the rising population is another blooming opportunity for the anchor and grouts market.
- Regulations for VOC emissions and the inadequacy of skilled labor remains a constraint for the growth of the market studied.
- Brazil is expected to dominate the anchors and grouts market in South America and is also likely to witness the highest CAGR during the forecast period.
