Asia-Pacific Anchors and Grouts Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2030

Asia-Pacific Anchors and Grouts Market Analysis

The Asia-Pacific Anchors And Grouts Market size is estimated at USD 1.05 billion in 2025, and is expected to reach USD 1.52 billion by 2030, at a CAGR of 7.54% during the forecast period (2025-2030).

The Asia-Pacific anchors and grouts industry is experiencing significant transformation driven by extensive infrastructure development initiatives across the region. Governments are increasingly prioritizing infrastructure projects to stimulate economic growth and attract foreign investments. China's public spending on transport infrastructure reached USD 165.6 billion in 2022, demonstrating the region's commitment to infrastructure development. The construction sector is witnessing a notable shift towards sustainable and technologically advanced building practices, with increasing emphasis on durability and structural integrity. These developments are reshaping industry standards and creating new opportunities for innovative concrete anchoring and grouting solutions.

The commercial construction sector is undergoing substantial evolution, particularly in warehouse and logistics facility development. Thailand's warehousing space expanded by 203,150 square meters in the first half of 2023, reflecting the growing demand for modern storage facilities. The rise of e-commerce and same-day delivery services is driving the need for strategically located distribution centers, consequently increasing the demand for high-performance construction fasteners and construction grouts solutions. This trend is particularly evident in emerging economies where rapid urbanization and digital transformation are catalyzing commercial infrastructure development.

A significant trend reshaping the market is the relocation of manufacturing facilities across the region. Vietnam's construction sector attracted foreign direct investment (FDI) capital of USD 71.44 million in 2023, highlighting the region's growing appeal as a manufacturing hub. Companies are increasingly choosing to establish or relocate their production facilities in Southeast Asian countries, driven by factors such as competitive labor costs and strategic geographical positioning. This industrial migration is creating substantial demand for specialized industrial grouting solutions required in manufacturing facility construction.

The market is witnessing increased adoption of advanced grouting technologies and sustainable construction practices. Construction companies are increasingly focusing on environmentally friendly solutions that offer superior performance characteristics. The integration of innovative materials and application techniques is enhancing the efficiency and durability of construction fixing and construction grouts solutions. This technological advancement is particularly evident in large-scale infrastructure projects, where the demand for high-performance, long-lasting solutions is paramount. The industry is also seeing a growing preference for products that offer reduced installation time and improved cost-effectiveness while maintaining high-quality standards.

Asia-Pacific Anchors and Grouts Market Trends

Rising retail and office spaces in countries such as India to boost the Asia-Pacific commercial construction sector

• In 2022, Asia-Pacific witnessed a 3.23% decline in its commercial new floor area compared to the previous year. This setback was attributed to factors such as regulatory pressures, higher inflation, and a surge in mortgage rates. In 2023, the region rebounded, with commercial construction new floor area increasing by approximately 146 million sq. ft. This surge was primarily driven by a rise in foreign direct investment (FDI), which spurred the demand for new offices, warehouses, retail outlets, and other facilities. Notably, the Vietnamese construction sector attracted an FDI capital of USD 71.44 million in 2023.
• In 2020, the Asia-Pacific region experienced a significant setback in commercial new floor area, with a volume decline of 21.92% compared to 2019. This decline was primarily due to widespread government lockdowns, which disrupted project work and severely impacted supply chains, equipment, and labor. However, as restrictions eased, the region witnessed a remarkable rebound, with its commercial new floor area surging by 20.98% in 2021, reaching a volume of approximately 526 million sq. ft.
• Asia-Pacific's commercial new floor area is projected to witness substantial growth, with an estimated increase of 1.41 billion sq. ft by 2030 compared to 2023. This surge is fueled by a rising demand for shopping malls, office spaces, retail outlets, and more. The Asia-Pacific region is emerging as a global retail powerhouse, contributing to nearly three-quarters of the worldwide retail growth. For instance, the Indian Grade A office market in its top seven cities may to expand to 1 billion sq. ft by 2026 and further to 1.2 billion sq. ft. by 2030. Overall, the commercial new floor area in Asia-Pacific is projected to witness a volume CAGR of 5.16% during the forecast period.

Rising affordable housing units, such as India’s likely to reach 25 million by 2030, to augment the residential constructions in the region

• In 2022, the residential new floor area in the Asia-Pacific region saw a volume decline of approximately 5.39% from the previous year. This dip was a result of the sector normalizing after a surge in building activity during the COVID-19 pandemic. The region's residential sector is driven by a growing population, increasing wealth, and rapid urbanization. The residential new floor area in the region was expected to rise by 410 million sq. ft in 2023 compared to 2022.
• In 2020, the residential new floor area in Asia-Pacific declined in volume by around 5.06% compared to 2019. This was primarily due to government-imposed lockdowns, disruptions in the supply chain, labor shortages, reduced construction productivity, and low foreign investments. However, as restrictions eased, the region saw a significant rebound, with the residential new floor area surging by about 1.4 billion sq. ft in 2021, driven by the addition of new residential housing units. For instance, in 2021 alone, the Indian residential real estate market introduced approximately 163 thousand new residential units across its top seven cities.
• The residential new floor area in the Asia-Pacific region is projected to witness a CAGR of 3.98% during the forecast period. This growth can be attributed to the demand for housing, increased investments, and favorable government policies. The focus on constructing more affordable housing units is expected to rejuvenate the residential construction sector in the region, aiding its recovery. By 2030, it is estimated that over 40% of India's population will reside in urban areas, leading to a demand for an additional 25 million affordable housing units. This surge in demand is expected to push the Indian residential real estate market to reach 1.5 million units by 2030.

OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT

Segment Analysis: End Use Sector

Residential Segment in Asia-Pacific Anchors and Grouts Market

The residential sector maintains its dominant position in the Asia-Pacific anchors and grouts market, commanding approximately 31% of the total market value in 2024. This substantial market share is primarily driven by the extensive application of construction grouts in residential construction activities, including flooring installations, tiled walls, and joint filling applications. The segment's prominence is further reinforced by the region's robust housing development initiatives, particularly in emerging economies like India, where the residential real estate market is expected to introduce approximately 1.5 million new housing units by 2030. Additionally, the growing trend toward high-quality home finishes and the increasing adoption of modern construction techniques in residential projects continue to fuel the demand for anchors and grouts in this segment.

Industrial and Institutional Segment in Asia-Pacific Anchors and Grouts Market

The industrial and institutional segment is emerging as the most dynamic sector in the Asia-Pacific anchors and grouts market, projected to grow at approximately 9% during 2024-2029. This remarkable growth trajectory is fueled by several factors, including the expansion of manufacturing facilities across the region and the construction of new educational and healthcare institutions. The segment's growth is particularly evident in countries like Japan, where companies are increasingly relocating their manufacturing facilities, and in Vietnam, where foreign direct investment is driving the construction of new industrial facilities. The demand is further amplified by the rising trend of warehousing spaces, with countries like Thailand experiencing significant expansion in their industrial real estate sector. The use of adhesive anchors in these facilities is becoming increasingly prevalent due to their reliability and strength.

Remaining Segments in End Use Sector

The commercial and infrastructure segments also play crucial roles in shaping the Asia-Pacific anchors and grouts market. The commercial sector's demand is primarily driven by the construction of shopping malls, office spaces, and retail outlets, particularly in rapidly developing urban centers. The infrastructure segment, on the other hand, benefits from extensive government investments in transportation networks, energy projects, and public facilities. Both segments demonstrate strong potential for growth, supported by various regional development initiatives and the increasing focus on sustainable construction practices in commercial and infrastructure projects across the Asia-Pacific region. The application of undercut anchors in infrastructure projects is becoming more common due to their superior load-bearing capabilities.

Segment Analysis: Sub Product

Resin Fixing Segment in Asia-Pacific Anchors and Grouts Market

The resin fixing segment, comprising epoxy grouts and polyurethane-based grouts, dominates the Asia-Pacific anchors and grouts market, commanding approximately 65% of the market share in 2024. This segment's prominence can be attributed to its superior properties, including high chemical resistance, excellent adhesive strength, enhanced durability, and lower maintenance requirements compared to traditional alternatives. Contractors and professionals increasingly favor resin-based solutions, particularly in specialized applications and critical installations. The segment is also experiencing the fastest growth trajectory, with epoxy grouts projected to achieve a growth rate of around 8% during 2024-2029, driven by stringent government regulations emphasizing the repair and renovation of older buildings for safety purposes. The expanding applications in industrial facilities, infrastructure projects, and commercial constructions further solidify its market leadership position.

Cementitious Fixing Segment in Asia-Pacific Anchors and Grouts Market

The cementitious grouts segment maintains its position as a crucial component of the Asia-Pacific anchors and grouts market, holding nearly 30% market share in 2024. This segment's significance stems from its widespread use in various construction applications, particularly in projects with budget constraints. Cementitious grouts are preferred for their cost-effectiveness, versatility, and ability to provide adequate strength for most construction applications. The segment's growth is supported by the increasing demand from residential construction activities and infrastructure development projects across the region. Despite facing competition from resin-based alternatives, cementitious fixing continues to be the go-to choice for basic construction needs and general-purpose applications.

Remaining Segments in Sub Product Market

Other types of anchors and grouts, including bituminous and chemical grouts, play a specialized role in the market. These alternatives are particularly valuable in specific applications such as structural works involving concrete and masonry, as well as non-structural tasks like tiling. Bituminous grouting is especially preferred in scenarios involving larger voids or high water flow, where conventional grouting methods might risk washout. Meanwhile, bentonite grouting has carved out a niche in underground water applications, specifically for reducing hydraulic conductivity by sealing fractures or cracks. These specialized solutions, while representing a smaller market share, remain essential for specific construction challenges that require unique properties not offered by mainstream alternatives.

Asia-Pacific Anchors and Grouts Market Geography Segment Analysis

Asia-Pacific Anchors and Grouts Market in China

China continues to dominate the Asia-Pacific anchors and grouts market, commanding approximately 65% of the total market value in 2024. The country's market leadership is primarily driven by its massive infrastructure development initiatives, including the ambitious USD 1 trillion investment in mega-construction projects. The government's strategic focus on urban development and modernization has created substantial demand for mechanical anchors and chemical anchors across various construction sectors. The industrial sector, in particular, has emerged as a significant growth driver, with numerous manufacturing facilities incorporating advanced technologies and requiring specialized grouting solutions. The commercial construction segment has also witnessed remarkable expansion, particularly in tier-2 and tier-3 cities, where rapid urbanization has necessitated the development of new office spaces, retail centers, and warehouses. Additionally, the country's emphasis on sustainable construction practices has led to increased adoption of high-performance anchors and grouts that meet stringent environmental standards.

Asia-Pacific Anchors and Grouts Market in Japan

Japan's anchors and grouts market is positioned for remarkable expansion, with projections indicating a growth rate of approximately 8% from 2024 to 2029. The market's robust growth trajectory is underpinned by several strategic initiatives, including significant investments in urban infrastructure development and the notable USD 3.5 billion Tokyo subway system project. The country's construction sector is experiencing a transformative phase, particularly in the industrial and institutional segments, as companies increasingly relocate their manufacturing facilities back to Japan amid geopolitical tensions and currency fluctuations. This reshoring trend has catalyzed the development of new production facilities, creating substantial demand for high-performance construction anchors and grouting solutions. The market is also benefiting from the country's stringent building safety regulations and seismic resistance requirements, which necessitate the use of premium-quality construction materials. Furthermore, the renovation and modernization of aging infrastructure have emerged as crucial drivers for the anchors and grouts market, particularly in urban centers where building rehabilitation projects are gaining momentum.

Asia-Pacific Anchors and Grouts Market in India

India's anchors and grouts market is experiencing robust growth, driven by extensive infrastructure development initiatives and rapid urbanization. The government's ambitious Smart City Project and the Pradhan Mantri Awas Yojana housing scheme have created substantial opportunities for anchors and grouts applications across various construction segments. The industrial and institutional sector has emerged as a particularly dynamic market segment, bolstered by investments from global tech giants such as Apple, Amazon, and Foxconn, who are expanding their manufacturing presence in the country. The development of industrial corridors and the modernization of railway infrastructure, including the revamping of 600 railway stations, have further amplified the demand for high-quality concrete anchoring solutions. The market is also benefiting from the growing trend toward sustainable construction practices and the increasing adoption of advanced construction technologies. Additionally, the surge in commercial real estate development, particularly in tier-1 cities, has created significant opportunities for specialized anchoring and grouting applications.

Asia-Pacific Anchors and Grouts Market in South Korea

South Korea's anchors and grouts market demonstrates strong potential, supported by significant developments in both residential and commercial construction sectors. The government's comprehensive plan to construct 2.5 million housing units over the coming years has created substantial opportunities for anchoring and grouting applications in residential construction. The commercial sector has shown particular dynamism, driven by the rapid expansion of e-commerce facilities and the growing demand for modern warehousing solutions. The country's focus on technological advancement in construction practices has led to increased adoption of innovative masonry anchoring and grouting solutions that offer superior performance characteristics. The infrastructure sector has also emerged as a significant growth driver, with various urban development projects requiring specialized construction chemicals. Furthermore, the market is benefiting from the country's emphasis on quality and safety standards in construction, which has led to increased demand for high-performance anchoring and grouting solutions.

Asia-Pacific Anchors and Grouts Market in Other Countries

The anchors and grouts market in other Asia-Pacific countries, including Indonesia, Thailand, Vietnam, Malaysia, Singapore, the Philippines, Bangladesh, Cambodia, and New Zealand, exhibits diverse growth patterns influenced by their respective construction sector dynamics. These markets are characterized by increasing urbanization, infrastructure development, and industrial expansion. Countries like Vietnam and Indonesia are experiencing particularly strong growth in their construction sectors, driven by foreign direct investments and government initiatives to improve infrastructure. The commercial and residential construction segments in these countries are witnessing significant development, particularly in major urban centers. Thailand and Malaysia are seeing increased activity in industrial construction, with numerous multinational companies establishing manufacturing facilities. Meanwhile, emerging markets like Cambodia and Bangladesh are experiencing growth in basic infrastructure development, creating new opportunities for anchors and grouts applications. The construction chemicals market in these countries is also evolving, with growing awareness about the benefits of high-quality concrete anchoring solutions in ensuring structural durability and safety.

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We provide a complimentary and exhaustive set of data points on global and regional metrics that present the fundamental structure of the industry. Presented in the form of 24+ free charts, the section covers rare data on newly built floor area, infrastructural spending, and existing construction floor area across residential, commercial, industrial and institutional sectors.