Raipur, April 06, 2022 (GLOBE NEWSWIRE) -- Stratview Research, a leading market research firm has launched a report on the Restoration Anchors and Cleaning System Market which provides a thorough analysis of the market dynamics, current and emerging trends, industry forecast, and competitive landscape.
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How is the Report Helpful?
The report has a very high utility for the key decision-makers and strategists in terms of accurate market insights, future growth opportunities, and key success factors.
Most importantly, the report analyses the possible impact of COVID-19 on the market dynamics which offers cushioning against the uncertain business environment and helps in streamlining the resources and investment decisions in a fruitful manner.
What are the Top Market Drivers?
According to the report, the Restoration Anchors and Cleaning System Market is driven by a host of factors, some of which are noted below:
- Aging buildings and increasing spending on building maintenance.
- Growing disposable income of consumers
- Increasing share of DIY activities
The report also includes growth rate estimates based upon the intensity of drivers and constraints and provides the users with several graphical illustrations of the key insights.
Market Segmentation:
Stratview Research has segmented the market in the following ways which fulfill the market data needs of multiple stakeholders across the industry value chain.
- By Product Type –
Restoration Anchors - Mechanical Restraining Anchors, Mechanical Repair Anchors, and Helical Tie Anchors.
Restoration Cleaners and Sealants - Restoration Cleaners and Sealants - By Application Type - Masonry, Natural Stone, Precast Concrete, and Others
- By Region - North America, Europe, Asia-Pacific, and Rest of the World.
View the Report Scope and Table of Contents:
https://www.stratviewresearch.com/toc/1977/restoration-anchor-and-cleaning-system-market.html
Market Insights
Market Trends by Product Type
Amongst mechanical restraining anchors, mechanical repair anchors, and helical tie anchors, the mechanical restraining anchor is expected to remain the largest segment (product type) of the market during the forecast period due to increasing demand for mechanical restraining anchors from masonry and precast concrete applications as they eliminate the need for removal and resetting of stone, brick, or precast panels.
Simultaneously, the restoration cleaners and sealants market is segmented as restoration cleaners and sealants. Restoration cleaners are estimated to maintain their huge dominance in the market by 2026 due to the growing disposable income of consumers and increasing share of DIY activities. In addition, to extend the lifespan of buildings, owners are investing in the preservation and maintenance of buildings.
Based on the application type, amongst the segmentation as masonry, natural stone, precast concrete, and others, Masonry is expected to remain the largest application type in the market during the forecast period. Aging buildings and increasing spending on building maintenance are the major growth drivers for the use of restoration anchors and cleaning systems for masonry applications.
Which region shows growth and opportunities?
Region-wise, Europe is expected to remain the largest market for restoration anchors and cleaning systems during the forecast period.
- This region has a presence of several old and historical buildings, which makes the region a growth engine in the restoration anchors and cleaning systems market.
- In addition, stringent government regulations and the growing disposable income of consumers are the major factors uplifting the restoration of existing buildings.
North America and Asia-Pacific are also likely to create sizeable opportunities in the coming five years, driven by an expected rebound in the construction industry and increasing investments in the maintenance of old and historical buildings.
COVID-19 Impact on the Market
The construction industry declined in 2020 due to the sudden outburst of the COVID-19 pandemic. The Restoration anchors and cleaning systems market followed suit and logged a massive decline of -7.2% in 2020 amid the pandemic, quite aligned with the decline in the construction industry. However, the market is expected to recover from 2021 onwards with the increase in spending on the maintenance of buildings and houses. Overall, the restoration anchors and cleaning systems market is likely to rebound at a promising CAGR of 5.7% in the long run to reach US$ 586 Million in 2026.
To know more about the covid-19 impact, get a free sample report, here:
Who are the Top Market Players?
The major players in the restoration anchors and cleaning systems market are acquiring other regional players in order to expand their offerings and boost their geographical presence. For instance; Prosoco Inc. acquired Construction Tie Products in 2019 to expand its product offerings in the new construction and restoration masonry markets.
The following are the key players in the restoration anchors market.
- Helifix, Inc.
- Prosoco, Inc.
- Wykamol Group Ltd.
- PAM Ties Ltd.
- Fisher Group
The following are the key players in the restoration cleaners and sealants market.
- Prosoco, Inc.
- Wurth Group
- Bostik Ltd.
- FILA Solutions
- STAIN-PROOF Pty Ltd.
What deliverables will you get in this report?
- In-depth analysis of the Restoration Anchors and Cleaning System Market
- Detailed market segmentation.
- Competitive-landscape analysis.
- Historical, present, and future market size analysis.
- Industry trends, technologies, and advancements.
- Growth and operation strategies adopted by key players.
- Potential segments/regions offering promising growth.
- The geographical presence of the key players.
Related reports which might be useful:
- Mechanical Anchor Market Size
- Restoration Anchors Market Report
- Chemical Anchor Market Size, Trends, and Forecast.
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