South Korea Concrete Expansion Anchor Market was valued at USD 0.2 Billion in 2022 and is projected to reach USD 0.35 Billion by 2030, growing at a CAGR of 6.9% from 2024 to 2030.
The South Korean Concrete Expansion Anchor Market has seen significant growth over the past decade, driven by increasing demand across multiple industries. These expansion anchors are essential components in construction, civil engineering, and manufacturing sectors, used to secure heavy structures to concrete surfaces. The need for reliable, high-performance anchoring solutions is growing as South Korea continues to develop infrastructure projects, particularly in the fields of residential, commercial, and industrial construction.
Among the many factors driving the demand for concrete expansion anchors in South Korea are the rapid urbanization, a strong construction industry, and ongoing investments in infrastructure development. Industries, especially in manufacturing, automotive, and technology sectors, are increasingly relying on these anchors to support the installation of heavy equipment and machinery. The rise in construction projects and the expansion of existing buildings require efficient, secure, and robust anchoring systems, placing more focus on expansion anchors as a go-to solution for long-lasting and stable installations.
Industries have specific requirements for concrete expansion anchors, such as high tensile strength, corrosion resistance, and ability to bear extreme loads. In particular, the construction sector demands anchors that can withstand seismic activities, a key factor in South Korea's building codes and regulations. Companies often seek out products that provide fast and easy installation without compromising on safety and reliability.
Furthermore, as the market grows, there is an increasing emphasis on environmentally sustainable materials. Manufacturers are innovating to produce eco-friendly concrete expansion anchors that reduce environmental impact while meeting the performance standards expected by industries. These advancements are particularly important as South Korea looks to become a leader in green construction technologies.
In conclusion, the South Korean Concrete Expansion Anchor Market is expanding rapidly, driven by strong industrial demand and construction needs. As infrastructure and construction projects continue to evolve, the market for these anchors is expected to grow, leading to even more innovations in design and material composition.
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Expandet
Nord-Lock International
Ancon Building Products
Concrete Fasteners
ABB(Cooper Industries)
DEWALT
Fastenal
Hilti
Hohmann & Barnard
Hua Wei Industrial
ITW
L.H. Dottie
Powers Fasteners
Ramset
Tanner Fasteners & Industrial
Concrete Fasteners
Inc
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the South Korea Concrete Expansion Anchor Market
Mechanical Anchors
Chemical Anchors
Hybrid Anchors
Other Types
Steel Anchors
Stainless Steel Anchors
Plastic Anchors
Others
Construction Industry
Infrastructure Projects
DIY Projects
Industrial Applications
Light Load Anchors
Medium Load Anchors
Heavy Load Anchors
Ultra Heavy Load Anchors
Residential Users
Commercial Contractors
Industrial Users
Government and Public Sector
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Concrete Expansion Anchor Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. South Korea Concrete Expansion Anchor Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Concrete Expansion Anchor Market, By Type
6. South Korea Concrete Expansion Anchor Market, By Application
7. South Korea Concrete Expansion Anchor Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Concrete Expansion Anchor Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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