Market Size of indonesia anchors and grouts Industry
| Icons | Lable | Value |
|---|---|---|
|
Study Period | 2018 - 2030 |
|
Market Size (2024) | USD 27.09 Million |
|
|
Market Size (2030) | USD 40.70 Million |
|
Largest Share by End Use Sector | Residential |
|
|
CAGR (2024 - 2030) | 7.02 % |
|
|
Fastest Growing by End Use Sector | Industrial and Institutional |
|
|
Market Concentration | Low |
Major Players |
||
|
||
|
*Disclaimer: Major Players sorted in no particular order |
Indonesia Anchors and Grouts Market Analysis
The Indonesia Anchors and Grouts Market size is estimated at 27.09 million USD in 2024, and is expected to reach 40.70 million USD by 2030, growing at a CAGR of 7.02% during the forecast period (2024-2030).
27.09 Million
Market Size in 2024 (USD)
40.70 Million
Market Size in 2030 (USD)
4.11 %
CAGR (2018-2023)
7.02 %
CAGR (2024-2030)
Largest Market by Sub Product
59.95 %
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
7.22 %
Projected CAGR, Resin Fixing, 2024-2030
Initiatives such as the One Million Houses Program by the government will propel the construction of residential units in the country and are expected to support the demand for resin-fixing grout in the coming years.
Largest Market by End Use Sector
32.74 %
value share, Residential, 2023
Due to the increasing usage of anchors and grouts for applications, such as flooring, tiled walls, tile joints, etc., to build high-quality and attractive homes, apartments, etc., the residential sector holds the largest share.
Fastest Market by End Use Sector
8.58 %
Projected CAGR, Industrial and Institutional, 2024-2030
With the rising usage of anchors and grouts in applications like machine foundations and bedding for the construction of automobiles, oil & gas, food industries, etc., the sector is expected to become the fastest growing in the market.
Leading Company
14.21 %
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.
The manufacturing sector's domination in the national economy provides a significant boost in the demand for anchors and grouts
- In 2022, the market witnessed growth across multiple sectors, with its value surpassing that of 2021 by 2.2%. The construction sector grew in 2023, driven by economic expansion and foreign investments. This growth was expected to fuel the demand for anchors and grouts. For instance, the Ministry for Public Works and Housing set a target of constructing 47 apartment towers in Nusantara City in 2023, indicating a projected demand increase of 6.8% over 2022.
- The residential segment is the primary consumer of anchors and grouts in the country, largely due to the rising popularity of prefabricated houses, which necessitate substantial usage of anchors and grouts for installation. Among the various types, the sector predominantly favors resin fixing anchors and grouts, accounting for a significant 57% volume share in 2022.
- Given the manufacturing sector's dominant role in Indonesia's economy, contributing approximately 18.34% to the GDP in 2022, the construction activities in industrial facilities create a sizable market for anchors and grouts. This trend makes the industrial and institutional segment the second-largest consumer. The preference for epoxy-based anchors and grouts over polyurethane-based ones is evident, with epoxy variants representing 32% of the resin fixing type demand in 2022, owing to their superior chemical resistance.
- Driven by factors like a surging urban population, low per capita income, affordable labor, a burgeoning middle class, and relatively lower land costs, there is a notable uptick in the construction of facilities, including manufacturing, education, and healthcare. This trend is attracting investors. Notably, the industrial and institutional sector is projected to witness the highest CAGR of 8.82% during the forecast period (2023-2030).
Understand The Key Trends Shaping This Market
Indonesia 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 witnessed growth across multiple sectors, with its value surpassing that of 2021 by 2.2%. The construction sector grew in 2023, driven by economic expansion and foreign investments. This growth was expected to fuel the demand for anchors and grouts. For instance, the Ministry for Public Works and Housing set a target of constructing 47 apartment towers in Nusantara City in 2023, indicating a projected demand increase of 6.8% over 2022.
- The residential segment is the primary consumer of anchors and grouts in the country, largely due to the rising popularity of prefabricated houses, which necessitate substantial usage of anchors and grouts for installation. Among the various types, the sector predominantly favors resin fixing anchors and grouts, accounting for a significant 57% volume share in 2022.
- Given the manufacturing sector's dominant role in Indonesia's economy, contributing approximately 18.34% to the GDP in 2022, the construction activities in industrial facilities create a sizable market for anchors and grouts. This trend makes the industrial and institutional segment the second-largest consumer. The preference for epoxy-based anchors and grouts over polyurethane-based ones is evident, with epoxy variants representing 32% of the resin fixing type demand in 2022, owing to their superior chemical resistance.
- Driven by factors like a surging urban population, low per capita income, affordable labor, a burgeoning middle class, and relatively lower land costs, there is a notable uptick in the construction of facilities, including manufacturing, education, and healthcare. This trend is attracting investors. Notably, the industrial and institutional sector is projected to witness the highest CAGR of 8.82% during the forecast period (2023-2030).
| End Use Sector | |
| Commercial | |
| Industrial and Institutional | |
| Infrastructure | |
| Residential |
| Sub Product | ||||||
| Cementitious Fixing | ||||||
| ||||||
| Other Types |
Need A Different Region Or Segment?
Indonesia Anchors and Grouts Market Size Summary
The Indonesia Anchors and Grouts Market is experiencing a dynamic phase of growth, driven by the robust expansion of the construction sector and increasing foreign investments. The market is primarily fueled by the residential segment, which is seeing a surge in the popularity of prefabricated houses that require significant use of anchors and grouts. The industrial and institutional sectors also contribute substantially to the market, with a preference for epoxy-based products due to their superior chemical resistance. The construction of facilities in manufacturing, education, and healthcare is on the rise, supported by a growing urban population and a burgeoning middle class. This trend is attracting investors and is expected to sustain the market's growth trajectory over the forecast period.
The market landscape is characterized by a fragmented structure, with major players like Fosroc, Inc., MAPEI S.p.A., MBCC Group, Saint-Gobain, and Sika AG holding significant shares. Recent strategic moves, such as Sika's acquisition of the MBCC Group, highlight the competitive nature of the market and the ongoing efforts to enhance product offerings and market presence. The demand for anchors and grouts is further bolstered by the recovery of the commercial real estate sector, which is witnessing increased activity due to foreign direct investments. As the country continues to address its housing needs through government initiatives and private investments, the anchors and grouts market is poised for sustained growth, aligning with the broader economic expansion and infrastructure development goals.
Indonesia Anchors and Grouts Market Size - Table of Contents
-
1. MARKET SEGMENTATION (includes market size, forecasts up to 2030 and analysis of growth prospects.)
-
1.1 End Use Sector
-
1.1.1 Commercial
-
1.1.2 Industrial and Institutional
-
1.1.3 Infrastructure
-
1.1.4 Residential
-
-
1.2 Sub Product
-
1.2.1 Cementitious Fixing
-
1.2.2 Resin Fixing
-
1.2.2.1 By Technology
-
1.2.2.1.1 Epoxy Grout
-
1.2.2.1.2 Polyurethane (PU) Grout
-
-
-
1.2.3 Other Types
-
-
Indonesia Anchors and Grouts Market Size FAQs
How big is the Indonesia Anchors and Grouts Market?
The Indonesia Anchors and Grouts Market size is expected to reach USD 27.09 million in 2024 and grow at a CAGR of 7.02% to reach USD 40.70 million by 2030.
What is the current Indonesia Anchors and Grouts Market size?
In 2024, the Indonesia Anchors and Grouts Market size is expected to reach USD 27.09 million.
