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Seismic Reinforcement Materials Market is Projected to Witness Exponential Growth by 2025

Author : Rahul Varpe | Published Date : 2019-07-04 

Global Seismic Reinforcement Materials Market research report is added by Global market insights, inc by covering all major market aspects. The report also touches the key scenarios like top players, competition, types, applications, regions, recent developments and future market predictions.

Asia Pacific region will dominate the market with more than 60% of the global share in 2025. A long list of earthquake prone countries in the region such as China, India, Indonesia, Thailand, Philippines, etc. will further strengthen the regional demand. Increasing population and urbanization trend will further give an up thrust to seismic reinforcement materials market in region.
 
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Increasing seismic activities across the globe resulting in loss of life and assets is the prime reason influencing the growth of seismic reinforcement materials market. The products are majorly used in buildings to strengthen the structures in order to minimize damage possibilities during or after earthquakes.

Increasing awareness and implementation of various building codes across the globe will compel the engineers and contractors to use seismic reinforcement materials, thus catapulting the overall product demand. Increasing urbanization and rising demand for renovation projects in developed economies are also contributing for product market growth.

According to United States Geological Survey (USGS) in year 2015 around 1,565 earthquakes ranging from 5 to more than 8 on Richter magnitude scale had caused the death of around 9,600 people worldwide. The number of earthquakes is increasing with each passing year as in 2018 more than 1,800 earthquakes were recorded. This will upscale the seismic reinforcement materials market over forecast timeframe.

Seismic Reinforcement Materials Market by Product

 

  • Rebars & rods
  • Columns & beams
  • Sheets & laminates
  • Others

Seismic Reinforcement Materials Market by Installation

  • Carbon Steel
  • Alloy Steel
  • Stainless Steel
  • Others

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Based on product, the seismic reinforcement material market is bifurcated into columns & beams, rebars & rods, sheets & laminates & others. The others segment includes the anchors, plates and other reinforcement systems. The column & beam segment will hold sway the market showing an annual growth rate of over 4% from 2019 to 2025 due to its importance in providing structural strength to buildings.

On installation basis, retrofit segment shows a decent growth rate of around 4% over forecast timeframe due to increasing housing demand and infrastructure rehabilitation activities in developed nations.

Seismic reinforcement materials have applications in roofing, walls & columns, bridges & flyovers, foundation & flooring and other areas which include chimneys, silos, etc. Among this the bridges & flyover segment accounts almost 4 billion and shows a fair growth rate from 2018 to 2025 owing to increasing investment in infrastructure sector of developing economies.

On the basis of end-use the seismic reinforcement materials market categorized into residential, industrial, commercial and infrastructure. The residential sector holds around 30% of the overall market, with initiatives taken by governments to implement building codes for new residential buildings the sector is expected to show promising growth rate over forecast timeframe.

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Some of prominent players in seismic reinforcement materials market share are Hyundai Steel Company, Simpson Strong-Tie Company Inc., Toray Industries, Inc., ArcelorMittal, LafargeHolcim Ltd., West Fraser Timber Co. Ltd., Tata Steel Limited, BASF SE, Aegion Corporation, Weyerhaeuser Company, UltraTech Cement Limited, etc.

 

Partial Chapter of the Table of Content

Chapter 6. Seismic Reinforcement Materials Market, By Application

6.1. Global seismic reinforcement materials market application insights

6.2. Roofing

6.2.1. Market estimates and forecast, 2014 – 2025

6.2.2. Market estimates and forecast, by region, 2014 – 2025

6.3. Walls & support columns

6.3.1. Market estimates and forecast, 2014 – 2025

6.3.2. Market estimates and forecast, by region, 2014 – 2025

6.4. Foundation & flooring

6.4.1. Market estimates and forecast, 2014 – 2025

6.4.2. Market estimates and forecast, by region, 2014 – 2025

6.5. Bridges & flyovers

6.5.1. Market estimates and forecast, 2014 – 2025

6.5.2. Market estimates and forecast, by region, 2014 – 2025

6.6. Others (chimneys, silos, other infrastructures, etc.)

6.6.1. Market estimates and forecast, 2014 – 2025

6.6.2. Market estimates and forecast, by region, 2014 – 2025

Chapter 7. Seismic Reinforcement Materials Market, By Installation

7.1. Global seismic reinforcement materials market installation insights

7.2. Retrofit

7.2.1. Market estimates and forecast, 2014 – 2025

7.2.2. Market estimates and forecast, by region, 2014 – 2025

7.3. New structures

7.3.1. Market estimates and forecast, 2014 – 2025

7.3.2. Market estimates and forecast, by region, 2014 – 2025

Read more - https://www.marketwatch.com/press-release/seismic-reinforcement-materials-market-by-regional-statistics-growth-forecast-2019-2025-2019-06-18

About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid reader, his other hobbies include music and sketching. He can be contacted at- [email protected] | https://twitter.com/varperahul

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