Market Size of india anchors and grouts Industry
| Icons | Lable | Value |
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Study Period | 2018 - 2030 |
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Market Size (2024) | USD 76.41 Million |
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Market Size (2030) | USD 116.07 Million |
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Largest Share by End Use Sector | Commercial |
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CAGR (2024 - 2030) | 7.22 % |
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Fastest Growing by End Use Sector | Industrial and Institutional |
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Market Concentration | Low |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
India Anchors and Grouts Market Analysis
The India Anchors and Grouts Market size is estimated at 76.41 million USD in 2024, and is expected to reach 116.07 million USD by 2030, growing at a CAGR of 7.22% during the forecast period (2024-2030).
76.41 Million
Market Size in 2024 (USD)
116.07 Million
Market Size in 2030 (USD)
4.29 %
CAGR (2018-2023)
7.22 %
CAGR (2024-2030)
Largest Market by Sub Product
57.98 %
value share, Resin Fixing, 2023
Owing to its widespread applications in residential and industrial constructions, due to its properties such as corrosion-resistant, vibration-resistant, etc., the segment holds the largest share.
Fastest Market by Sub Product
7.92 %
Projected CAGR, Resin Fixing, 2024-2030
With the growing demand for housing construction coupled with the government plans for the construction industry, the resin fixing segment is expected to register the fastest growth during the forecast period.
Largest Market by End Use Sector
34.65 %
value share, Commercial, 2023
Due to the growing usage of anchors and grouts, coupled with the increasing construction activities in the Indian commercial sector, the segment occupied the largest share of the market.
Fastest Market by End Use Sector
8.99 %
Projected CAGR, Industrial and Institutional, 2024-2030
The growing manufacturing sector, along with rapid urbanization and industrialization, coupled with rising applications of anchors and grouts, are expected to drive the demand in the industrial and institutional sector.
Leading Company
9.95 %
market share, Sika AG, 2022
The company's broad range of high-quality products, well-established network in the country, robust supply chain, and strategic expansions and acquisitions in the construction industry make it a major player in the market.
Owing to the growth in manufacturing industries, the industrial sector is likely to be the fastest-growing end-use sector for the Indian anchors and grouts market
- In 2022, the market value increased by USD 4.8 million compared to the previous year, reflecting the growing demand from end-use sectors. Considering the steady expansion of India's construction industry, which is expected to reach USD 1.4 trillion by 2025, the Indian anchors and grouts market was projected to record a significant increase in value in 2023.
- The commercial sector remains the primary consumer of anchors and grouts in India, largely due to the ongoing construction of new buildings. In 2022, the sector added approximately 47 million sq. ft of new floor area, a reflection of the steady economic growth. The sector's need for repair, restoration, and seismic strengthening applications also contributes to this consumption.
- The residential sector is another major user of anchors and grouts in India, particularly for tile joint filling. This is in line with the higher preference for tile or marble flooring in Indian homes. India's status as the second-largest producer of ceramic tiles, with a production volume of around 2.3 billion sq. m in 2022, underscores the high demand for tile joint grouts.
- Significant construction developments are expected in India's manufacturing, healthcare, skill development, and education sectors. The manufacturing sector, for example, is expected to reach a value of USD 1 trillion by 2030, with investments in Industry 4.0 technologies having been projected to reach USD 1.3 billion in 2023. The industrial and institutional sector is expected to experience the most rapid growth in market value, with a CAGR of 9.1% during the forecast period (2023-2030).
Understand The Key Trends Shaping This Market
India Anchors and Grouts Industry Segmentation
Commercial, Industrial and Institutional, Infrastructure, Residential are covered as segments by End Use Sector. Cementitious Fixing, Resin Fixing are covered as segments by Sub Product.
- In 2022, the market value increased by USD 4.8 million compared to the previous year, reflecting the growing demand from end-use sectors. Considering the steady expansion of India's construction industry, which is expected to reach USD 1.4 trillion by 2025, the Indian anchors and grouts market was projected to record a significant increase in value in 2023.
- The commercial sector remains the primary consumer of anchors and grouts in India, largely due to the ongoing construction of new buildings. In 2022, the sector added approximately 47 million sq. ft of new floor area, a reflection of the steady economic growth. The sector's need for repair, restoration, and seismic strengthening applications also contributes to this consumption.
- The residential sector is another major user of anchors and grouts in India, particularly for tile joint filling. This is in line with the higher preference for tile or marble flooring in Indian homes. India's status as the second-largest producer of ceramic tiles, with a production volume of around 2.3 billion sq. m in 2022, underscores the high demand for tile joint grouts.
- Significant construction developments are expected in India's manufacturing, healthcare, skill development, and education sectors. The manufacturing sector, for example, is expected to reach a value of USD 1 trillion by 2030, with investments in Industry 4.0 technologies having been projected to reach USD 1.3 billion in 2023. The industrial and institutional sector is expected to experience the most rapid growth in market value, with a CAGR of 9.1% during the forecast period (2023-2030).
| End Use Sector | |
| Commercial | |
| Industrial and Institutional | |
| Infrastructure | |
| Residential |
| Sub Product | ||||||
| Cementitious Fixing | ||||||
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| Other Types |
Need A Different Region Or Segment?
India Anchors and Grouts Market Size Summary
The India Anchors and Grouts Market is experiencing a robust expansion, driven by the burgeoning construction industry and increasing demand from various sectors. The commercial sector, in particular, is a significant consumer due to ongoing construction activities and the need for repair and seismic strengthening applications. The residential sector also contributes to the market's growth, with a high demand for tile joint filling, aligning with the country's status as a leading producer of ceramic tiles. The market is further bolstered by substantial developments in manufacturing, healthcare, skill development, and education sectors, with the industrial and institutional segments expected to witness the most rapid growth. The retail sector, especially in major cities, is seeing a surge in demand for new commercial spaces, fueled by foreign direct investment.
The market landscape is characterized by fragmentation, with major players like Ardex Group, Fosroc, Inc., MBCC Group, Saint-Gobain, and Sika AG holding significant shares. Recent strategic acquisitions, such as Sika's acquisition of the MBCC Group, highlight the competitive dynamics and efforts to enhance market presence. The market's growth trajectory is supported by favorable government policies, increased investments, and a sustained demand for housing, particularly in urban areas. As India's population continues to urbanize, the demand for affordable housing units is expected to rise, further driving the anchors and grouts market. The forecast period indicates a steady growth rate, reflecting the sector's resilience and potential for expansion.
India Anchors and Grouts Market Size - Table of Contents
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1. MARKET SEGMENTATION (includes market size, forecasts up to 2030 and analysis of growth prospects.)
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1.1 End Use Sector
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1.1.1 Commercial
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1.1.2 Industrial and Institutional
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1.1.3 Infrastructure
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1.1.4 Residential
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1.2 Sub Product
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1.2.1 Cementitious Fixing
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1.2.2 Resin Fixing
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1.2.2.1 By Technology
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1.2.2.1.1 Epoxy Grout
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1.2.2.1.2 Polyurethane (PU) Grout
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1.2.3 Other Types
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India Anchors and Grouts Market Size FAQs
How big is the India Anchors and Grouts Market?
The India Anchors and Grouts Market size is expected to reach USD 76.41 million in 2024 and grow at a CAGR of 7.22% to reach USD 116.07 million by 2030.
What is the current India Anchors and Grouts Market size?
In 2024, the India Anchors and Grouts Market size is expected to reach USD 76.41 million.
