MEA Anchors & Grouts Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 5.50 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
MEA Anchors & Grouts Market Analysis
Middle-East and African anchors and grouts market is projected to register a CAGR of over 5.5% during the forecast period.
The COVID-19 pandemic had a negative impact on the Middle East and Africa anchors and grouts market. Construction activity in the residential and non-residential sectors was interrupted due to the lockdown, lowering the consumption of anchors and grouts within the region. Following the ongoing construction activity in the Middle East and Africa area, the market developed gradually after 2020.
- In the short term, growing demand from the construction sector and increasing petrochemical plant expansions are expected to boost market demand.
- Regulations for VOC emissions and the inadequacy of skilled labor remains a constraint for the growth of the market studied.
- Growing technological innovations in the construction sector are expected to offer opportunities for the anchor and grouts market.
- Saudi Arabia is expected to dominate the anchors and grouts market in the Middle East and Africa and is also likely to witness the highest CAGR during the forecast period.
MEA Anchors & Grouts Market Trends
This section covers the major market trends shaping the MEA Anchors & Grouts Market according to our research experts:
Growing Demand from the Non - Residential Segment
- Anchors and grouts are commonly utilized for filling cavities under machinery, sealing joints and surface gaps, and reinforcing existing structures in residential and non-residential construction. Middle East and Africa have a significant market share, with major countries like Saudi Arabia, the United Arab Emirates, and South Africa driving regional demand for anchors and grouts to new heights.
- Anchors and grouts are used for new construction and repair and refurbishment in buildings. In the construction segment, they are used for sealing, masonry, flooring, and repair products.
- The Middle East's numerous government initiatives to support the expansion of the commercial sector, notably Saudi Arabia's Vision 2030 and Abu Dhabi's Economic Vision 2030, are probably going to significantly impact the growth of the market for anchors and grouts.
- Saudi Arabia's Vision 2030 agenda has unleashed essential real estate projects worth USD 1 trillion. With its USD 1.1 trillion project pipeline, the country is looking for qualified builders to shape its most ambitious projects, such as the tourist destination of the Neom super-city, the 334 km2 entertainment city of Qiddiya, the development of the UNESCO World Heritage site of Al-Ula, and the luxury and sustainable tourism focused Red Sea Project.
- In South Africa, Modderfontein New City is a Chinese-funded USD 8 billion city under construction in Modderfontein, Johannesburg-South Africa. The project will occupy 1,600 hectares of land between OR Tambo International Airport and Sandton. The city will include nine functional zones, the central business district, an international conference and exhibition center, a silver industry and retirement industry, an entertainment center, an international residential community, a sports Center, an education and training center, a trade and logistic park, and a light industry park.
- In the United Arab Emirates, the construction sector has a promising outlook in the country of various government initiatives, such as the National Strategy of Higher Education 2030, the Energy Strategy 2050, and numerous others.
- Hence, increasing demand for anchors and grouts in the non-residential segment in the Middle East and Africa is likely to dominate the market.
Saudi Arabia to Dominate the Market
- Saudi Arabia dominated the Middle East and African anchors and grouts market, with a substantial market and revenue share, and this dominance is expected to remain during the forecast period.
- Anchors and grouts are frequently utilized in the construction industry, from residences to parking garages, schools, and skyscrapers. They are also applied on roofs and as cladding for exterior walls. Furthermore, Saudi Arabia has a substantial market share in these industries, allowing it to maintain its influence across the Middle East and Africa.
- According to General Authority for Statistics (Saudi Arabia), Gross Domestic Product (GDP) Contribution by the Construction sector in Saudi Arabia was SAR 170.675 (~USD 45.5 billion) billion in 2021, which increased as compared to SAR 161.096 billion (~USD 42.95 billion) in 2020.
- The Diriyah Gate Development Authority (DGDA) has achieved many milestones, including the opening of a new 9,000 sqm food and cultural market by 2027. The DGDA has also announced the addition of 16 new hotel brands to its hospitality portfolio.
- Saudi Arabia's Qiddiya Investment Company has been given a contract worth SAR 700 million (USD 186.53 million) under the part of the Saudi Vision 2030 program to develop infrastructure. This project is planned to accelerate the construction of a mega entertainment and sports complex near Riyadh.
- In June 2022, the country launched 93 projects for upgrading its utility infrastructure. These projects, which will cost SAR 8.5 billion (~USD 2.26 billion), will support water and environmental sustainability and improve the operational efficiency of waterway transportation and distribution.
- All aforementioned factors are likely to fuel the growth of the anchors and grouts market in Saudi Arabia over the forecast period.
MEA Anchors & Grouts Industry Overview
Middle-East and African anchors and grouts market is fragmented in nature. Some of the major players in the market (Not in any particular order) include MAPEI SpA, Sika AG, Saint-Gobain Weber, MBCC Group, and Saudi Vetonit Co. Ltd., among others.
MEA Anchors & Grouts Market Leaders
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MAPEI SpA
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Sika AG
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Saint-Gobain Weber
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MBCC Group
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Saudi Vetonit Co. Ltd.
*Disclaimer: Major Players sorted in no particular order
MEA Anchors & Grouts Market News
- In January 2022, Saint-Gobain Weber inaugurated A new construction chemical plant to expand its footprint in the Kingdom of Saudi Arabia (KSA).
- In November 2021, Sika AG signed an agreement to acquire MBCC Group (former part of BASF Construction Chemicals). Through this acquisition, Sika and MBCC both will accelerate their leadership in the construction industry.
MEA Anchors & Grouts Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Drivers
4.1.1 Growing Demand for Anchors and Grouts from the Construction Industry
4.1.2 High Pressure on Existing Infrastructure Due to the Rising Population
4.2 Restraints
4.2.1 Regulations for VOC Emissions and Inadequacy of Skilled Labor
4.2.2 Other Restraints
4.3 Industry ValueChain Analysis
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Consumers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Degree of Competition
5. MARKET SEGMENTATION (Market Size in Value)
5.1 Type
5.1.1 Cementitious Fixing
5.1.2 Resin Fixing
5.1.3 Bedding Mortars
5.1.4 Others
5.2 End-user Industry
5.2.1 Residential
5.2.2 Non-residential
5.2.3 Infrastructure
5.3 Geography
5.3.1 Saudi Arabia
5.3.2 United Arab Emirates
5.3.3 South Africa
5.3.4 Rest of Middle-East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Share(%)**/Rank Analysis
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
6.4.1 Bayshield International IBM
6.4.2 CIKO MIDDLE EAST
6.4.3 Colmef Monneli
6.4.4 Corrotech Construction Chemicals (CCC)
6.4.5 Don Construction Products Ltd.
6.4.6 Elmrr
6.4.7 LATICRETE Middle East LLC
6.4.8 MAPEI S.p.A.
6.4.9 MBCC Group
6.4.10 RPM International Inc
6.4.11 Saint-Gobain Weber
6.4.12 Saudi Vetonit Co. Ltd.
6.4.13 Sika AG
6.4.14 Stick a Tile
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
7.1 Growing Technological Innovations in the Construction Sector
MEA Anchors & Grouts Industry Segmentation
Anchors and grouts are mortar, cement, and resin-based compounds used in conjunction with anchoring methods to fill stress spaces and install permanent anchors and fixes. Middle East and Africa anchors and grouts market is segmented by type, end-user industry, and geography. By type, the market is segmented into cementitious fixing, resin fixing, bedding mortars, and other types. By end-user industry, the market is segmented into residential, non-residential, and infrastructure. The report also covers the market size and forecasts for the anchors and grouts market in 3 countries across the Middle East and Africa region. For each segment, the market sizing and forecasts have been done based on revenue (USD million).
| Type | |
| Cementitious Fixing | |
| Resin Fixing | |
| Bedding Mortars | |
| Others |
| End-user Industry | |
| Residential | |
| Non-residential | |
| Infrastructure |
| Geography | |
| Saudi Arabia | |
| United Arab Emirates | |
| South Africa | |
| Rest of Middle-East and Africa |
MEA Anchors & Grouts Market Research FAQs
What is the current Middle-East and Africa Anchors and Grouts Market size?
The Middle-East and Africa Anchors and Grouts Market is projected to register a CAGR of greater than 5.5% during the forecast period (2024-2029)
Who are the key players in Middle-East and Africa Anchors and Grouts Market?
MAPEI SpA , Sika AG , Saint-Gobain Weber, MBCC Group and Saudi Vetonit Co. Ltd. are the major companies operating in the Middle-East and Africa Anchors and Grouts Market.
What years does this Middle-East and Africa Anchors and Grouts Market cover?
The report covers the Middle-East and Africa Anchors and Grouts Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Middle-East and Africa Anchors and Grouts Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Middle-East and Africa Anchors and Grouts Industry Report
Statistics for the 2024 Middle-East and Africa Anchors and Grouts market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Middle-East and Africa Anchors and Grouts analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
