Strong growth forecast for post-installed anchors

The post-installed anchors market is forecast to reach US$4.7 billion in 2028, rising at a compound annual growth rate (CAGR) of 5% during 2023 to 2028, says Stratview Research. Post-installed anchor bolts are installed in a pre-drilled hole, whereas cast-in-place anchor bolts are installed inside of a cavity that's later filled with additional concrete. The market is segmented into the mechanical anchor and chemical anchor. The mechanical anchor segment is expected to remain the larger segment in the market during the forecast period owing to the ease of installation, increasing demand from various end-use applications, and expanding construction industry. In addition to that, mechanical anchors are usually cheaper than chemical anchors, provide stable performance, and are best for time-critical projects as one can apply loads to mechanical fasteners immediately after installation. The market comprises infrastructure, commercial, residential, and industrial segments with infrastructure holding the largest share of the market. Post-installed anchor market drivers include the rise in spending on infrastructure development and increasing demand from the commercial and residential construction sectors.