Global Seismic Reinforcement Materials Market, By Material (Concrete, Steel, Composites, Wood), By P

Published Date: | Report Code : MT1958297


Growing demand from end-use industry applications in developing regions and the promotion of application-specific grades by companies is expected to drive the seismic reinforcement materials market during the forecast period. This market has witnessed several key developments in terms of application-specific grade developments and strategic investments in emerging regions by companies to strengthen their market position in the global market. Some of the other key factors governing the market dynamics include regulatory scenario, exchange rates, environmental constraints, and so on. All these factors are expected to have a significant impact on the dynamics of the seismic reinforcement materials market during the forecast period.

Seismic reinforcement materials aid in providing resistance to seismic activities. With the increasing need for seismic retrofitting in buildings due to seismic activities witnessed in both rural as well as urban areas, this product has gained immense popularity.

The retrofitting methods are used in residential & commercial complexes which are prone to cyclones, tornadoes, and thunderstorms.

Segment Analysis:

The seismic reinforcement market is segmented based on the material, product, application, and end-users.

Based on the material, it is segmented into concrete, steel, composites, and wood. The composites segment is being used extensively in concrete structures such as columns, walls, etc. due to their strengthening properties.

By the product, it is segmented into rebars & rods, sheets & laminates, and columns & beams. The columns & beams are expected to grow as these are essential in making structures that can withstand earthquakes.

Based on the installation type, it is bifurcated into retrofit and new.

Based on the application, it is divided into roofing, bridges & flyovers, wall & support columns, and foundation & flooring. The bridges & flyovers segment are said to grow as these are very useful in carrying out rescue operations effectively.

Based on the end-users, the segmentation is infrastructural, residential, industrial, and commercial. This market is growing steadily in the residential sector as there has been an increasing adoption of reinforcement structures such as walls, beams, columns, etc.

Key Factors Impacting Market Growth:

  • Legislations enforced by the government regarding norms of constructions

  • The growing need for seismic proof buildings in the earthquake-prone regions

Regional Analysis:

The regional outlook section for seismic reinforcement materials market provides the region-wise market projections along with related market dynamics. Besides, this section provides further information about segments in the market on a regional basis and country-wise outlook. Major regions considered in this report include North America, Western Europe, Asia Pacific, Middle East, Eastern Europe, and the Rest of the World. North America and Western Europe have been traditional markets with a sizeable demand for advanced materials from end-use industries. North America and Western Europe with an established industrial sector having substantial contribution towards respective economies are estimated to dominate overall demand by region. Some of the major industries in this region include automotive, heavy engineering, building & construction, aerospace & defense, mining, and so on. These industries are expected to register steady growth in North America and Western Europe region during the forecast period.

Asia Pacific region is estimated to register the highest CAGRwith strong industrial and infrastructural growth. Some of the major economies, in the region, include China, India, South Korea, Japan, Australia, and so on. Besides, favorable conditions for production activities in addition to the growing market demand has attracted global companies to make strategic investments in this region. The Middle East and Eastern Europe with countries including UAE, Russia, Saudi Arabia, Turkey, and Qatar are expected to be potential markets with the growth of the industrial sector in the region. Rest of the World consisting of South America and Africa are estimated to be emerging regions for the seismic reinforcement materials market during the forecast period.

Companies Covered: Toray Industries, Inc., BASF SE, Structural Technologies, LLC, Aegion Corporation, ArcelorMittal, Tata Steel Limited, Hyundai Steel Company, and UltraTech Cement Limited...

Market Segmentation:

By Material:

  • Concrete

  • Steel

  • Composites

  • Wood

By Product:

  • Rebars & Rods

  • Sheets & Laminates

  • Columns & Beams

By Installation:

  • Retrofit

  • New

By Application:

  • Roofing

  • Bridges & Flyovers

  • Wall & Support Columns

  • Foundation & Flooring

By End Users:

  • Infrastructural

  • Residential

  • Industrial

  • Commercial

By Region:

  • North America

    • By Country (US, Canada, Mexico)

    • By Material

    • By Product

    • By Installation

    • By Application

    • By End Users

  • Western Europe

    • By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)

    • By Material

    • By Product

    • By Installation

    • By Application

    • By End Users

  • Eastern Europe

    • By Country (Russia, Turkey, Rest of Eastern Europe)

    • By Material

    • By Product

    • By Installation

    • By Application

    • By End Users

  • Asia Pacific

    • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)

    • By Material

    • By Product

    • By Installation

    • By Application

    • By End Users

  • Middle East

    • By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)

    • By Material

    • By Product

    • By Installation

    • By Application

    • By End Users

  • Rest of the World

    • By Region (South America, Africa)

    • By Material

    • By Product

    • By Installation

    • By Application

    • By End Users

Reasons to Buy This Report:

  • Market size estimation of the global seismic reinforcement materials market on a regional and global basis

  • Unique research design for market size estimation and forecast

  • Profiling of major companies operating in the market with key developments

  • Broad scope to cover all the possible segments helping every stakeholder in the market


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