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Seismic Reinforcement Materials Market By Material (Steel, Composites, Concrete, Wood) By Installation (Retrofit, New Structures) By Product (Rebars & Rods, Sheets & Laminates, And Columns & Beams) By End-User (Infrastructural, Residential, Industrial, Commercial Sectors) By Application (Roofing, Bridges & Flyovers, Foundation & Flooring, Wall & Support Columns) - Growth, Future Prospects, And Competitive Analysis, 2016 -2028

About this report

The global seismic reinforcement materials market report explores the critical analysis of the seismic reinforcement materials industry using key parameters. The report consists of investment strategies, the need for investments in the seismic reinforcement materials industry, and the multiple benefits for the investors. Importantly, this report sets out major changes in the global technical regulations for the seismic reinforcement materials industry and how economic and non-economic barriers are helping the seismic reinforcement materials market grow. Moreover, the report analyzes the global, regional, and country-level historic and forecasted market size. The report also provides a comprehensive analysis of key investment propositions, demand and supply gap, competitors positioning, STAR analysis, SRC analysis, and Tornado analysis. Key technological developments and other analyses such as porter's five forces analysis, PESTEL analysis, value chain analysis, etc.

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Key Highlights of the report

How are the major segments performing in the seismic reinforcement materials market?

  • In 2021, the composites segment was anticipated to hold a prominent share in the global seismic reinforcement materials owing to its extensive usage for strengthening applications in concrete and masonry structures.
  • In 2021, the rebars & rods captured the highest share, as they are widely utilized to expand the tensile strength of masonry structures.
  • In 2021, the retrofit segment witnessed a favorable trend due to local government authorities' enforcement of seismic codes across natural disaster-prone areas.
  • In 2021, the bridges & flyovers segment was augmented to hold a major share in the market. The seismic retrofitted bridges & flyovers can prevent the power of disaster and is highly beneficial in effectively bringing out recovery & relief operations without any disruption.
  • In 2021, the residential segment held a prominent share in the market as seismic retrofitting techniques were employed to prevent the damages caused by various seismic events and provide safety measures to building occupants.

Which region dominated the Seismic Reinforcement Materials market?

In 2021, the North American region was anticipated to hold a prominent share in the global seismic reinforcement materials market. Introducing strict regulation in the region increases awareness about the seismic strengthening of building structures. Also, many grants such as seismic retrofit and earthquake grants are being announced to promote seismic retrofitting among the public.

What is the competitive environment of the seismic reinforcement materials market?

The seismic reinforcement materials industry's competitive environment offers information on the total economic profit made by suppliers and businesses, the sales and revenues produced in this sector, the Seismic Reinforcement Materials market share globally, the business organization overview, the launch of new products, and the opportunities for the industrial seismic reinforcement materials market. For instance, in June 2022, Greenlam Industries acquired the laminate manufacturing facility of Gujarat-based Bloom Dekor in a Rs 36 crore deal. With this investment, Greenlam will now have four strategically encountered laminate manufacturing facilities in India, situated at Nalagarh (Himachal Pradesh), Behror (Rajasthan), Naidupeta (Andhra Pradesh - Under Construction) and currently Prantij (Gujarat). This laminate manufacturing structure has an established capacity of 3.4 mn sheets per annum.

Executive Summary

What was the impact of the COVID-19 pandemic on the seismic reinforcement materials market?

The COVID-19 pandemic negatively impacted various end-use industries' seismic reinforcement materials market. Consumer demand has also subsequently reduced as individuals are now more keen on eliminating non-essential expenses from their respective budgets as the general economic status of most individuals has been severely affected by this outbreak. Furthermore, numerous construction and other extra businesses have been stopped. Owing to the universal lockdown leads to a decrease in the demand for reinforcement materials. Owing to disruptions in the universal supply chain, petrochemicals actions, and interruptions in the cleansing are key consumers of aramid fiber, the market of aramid fiber is discretely pretentious.

Which are the key investments by the players in the seismic reinforcement materials industry market?

These players are immersed in platform expansion and strategic collaborations to extend their portfolios and acquire a robust footing in the global Seismic Reinforcement Materials market. For instance, in August 2022, Skyrora Ltd. introduced Skyrora XL, a composites-intensive 22.7-meter three-stage, light class launch vehicle intended to place payloads into sun-synchronous orbit (SSO) between a range of 500-1,000 kilometers in altitude and Polar Orbit between 200-1,000 kilometers in altitude.

Some of the major players in the seismic reinforcement materials market are Hyundai Steel Company, Tata Steel Limited, ArcelorMittal, Structural Technologies LLC, BASF SE, West Fraser Timber Company Limited, Aegion Corporation, Toray Industries Inc., Simpson Strong-Tie Company Inc., Sika AG, Weyerhaeuser Company, LafargeHolcim Limited, UltraTech Cement Limited.  

What are the Major Driving Factors for the Seismic Reinforcement Materials Market?

The increasing need for seismic-proof buildings in earthquake-prone regions is a major driver for the seismic reinforcement materials market. Special reinforcement materials are employed in building structures to minimize earthquake damage. Adopting building codes in different regions will compel the contractor & engineers to utilize seismic reinforcement materials. Such trends will boost the market demand within the forecast period. The structural building codes establish the guidelines regarding the design, building and supervision of structures to protect the health and welfare of residents. International Residential Code (IRC), International Building Code (IBC), and International Existing Building Code (IEBC) are some regulatory bodies reliable for the provision of seismic codes and their enforcement by regional government bodies, which help in the mitigation of seismic hazards. Due to urbanization, the need for infrastructure rehabilitation projects in the water management, transportation, and energy sectors is growing. This, in turn, will extend the seismic reinforcement materials market demand during the forecast period.

What are the Major Risks for the Seismic Reinforcement Materials Market?

The lack of awareness associated with seismic techniques will hinder market growth. Due to the uncertainty of earthquakes, people are unwilling to implement seismic measures for their less or negligible economic returns. Moreover, the expensive and complicated method of carbon fiber processing, issues related to the recycling and removal of glass fibers, and the hefty weight of particulate matter-reinforced composites are hindering the growth of the demand for reinforcing materials during the forecast period.

Which is the key application in the seismic reinforcement materials market?

During the forecast period, the residential sector is anticipated to hold a prominent share in the global seismic reinforcement materials market. Choosing specialty reinforcement materials for structural applications such as frames, walls, beams, joints, roof structures, columns, etc. Seismic retrofitting methods control the damages induced by different seismic events and deliver safety measures to building occupants. The infrastructural sector captured the most elevated share as seismic reinforcement materials are widely utilized in transportation infrastructures such as tunnels, bridges, flyovers, etc. Implementing cutting-edge technology to construct these infrastructures will boost the market during the forecast period.

How is the seismic reinforcement materials market performing in regions?

The Asia-Pacific is anticipated to control the seismic reinforcement material market during the forecast period due to the fast-growing automotive manufacturing in China and India. The Asia Pacific can assist the reinforcement materials market in improving exponential development through tenure. The extensive urbanization and development in recent set-up will assist as protruding growth factors. Furthermore, the Asia Pacific has been experiencing a high rate of urbanization, development of infrastructure, and an expansion in population over the last few years. Demand for seismic reinforcement materials has been high in developing countries of Asia Pacific, including India and China, due to a rise in the number of construction and infrastructure development projects taken up by governments, an increase in urbanization, and improvement in the standards of living of people in these countries. Moreover, the rise in the infrastructural development &renovation activities in the Asia Pacific zone is projected to steer the market growth in the region. Additionally, substantial inflation in the region's population is one of the major factors triggering the need for a robust infrastructural facility, thereby facilitating regional growth.

What is the regulatory landscape for the seismic reinforcement materials market?

Several functions deliver calculations of the moment-rotation association of plastic hinges in columns and beams, immediate determination of simplified nonlinear structural standards, the post-processing of the effects of analyses and structural performance assessment with various methods. The user can add unique functions to the PBEE toolbox to help additional procedures for the seismic performance assessment of RC frames or modify the rules for selecting the moment-rotation relationship of plastic hinges in queues and beams, the primary source of uncertainty in simplified nonlinear models. 

What is the Market Size of Seismic Reinforcement Materials regarding value?

The global seismic reinforcement materials market is anticipated to grow at a substantial CAGR of 4.30% in the upcoming years. The global seismic reinforcement materials industry was estimated to be worth USD 31.5 billion in 2021 and was expected to be worth USD 40.55 billion by 2028.

What are the major players planning for the future of the seismic reinforcement materials market?

Growing regional existence and investment in downstream applications are expected to provide a competitive edge in the market. Presentation of high-value outcomes, such as steel, composites, concrete, and wood utilized in applications other than bridges & flyovers, is anticipated to be the primary strategy. 

Segmentation of Global Seismic Reinforcement Materials Market-

Global Seismic Reinforcement Materials Market – By Material

  • Steel
  • Composites
  • Concrete
  • Wood

Global Seismic Reinforcement Materials Market – By Installation

  • Retrofit
  • New Structures

Global Seismic Reinforcement Materials Market – By Product

  • Rebars & Rods
  • Sheets & Laminates
  • And Columns & Beams

Global Seismic Reinforcement Materials Market – By End-User

  • Infrastructural
  • Residential
  • Industrial
  • Commercial Sectors

Global Seismic Reinforcement Materials Market – By Application

  • Roofing
  • Bridges & Flyovers
  • Foundation & Flooring
  • Wall & Support Columns.

Global Seismic Reinforcement Materials Market – By Region

  • North America
    • US.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • South-east Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East and Africa

Frequently asked questions about the global Seismic Reinforcement Materials Market-

The COVID-19 pandemic negatively impacted several end-use industries' seismic reinforcement materials market.

North America accounted for the most heightened share in the global seismic reinforcement materials market.

Favorable norms and regulations, increasing earthquake frequency, and high growth in the building and construction sector in BRICS nations drive market growth.

The composites segment had a major share in the global market in 2021.

The rebars & rods segment had a major share in the global market in 2021and is anticipated to continue during the forecast period.

Seismic Reinforcement Materials Market Scope

Report Attribute Details
Market Value in 2021 USD 31.5 billion
Market Value in 2028 USD 40.55 billion
CAGR 4.30%
Benchmarking Year 2021
Past data 2016 – 2021
Forecast period 2022 – 2028
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Trusted By
Godaddy
Published Date:  Oct 2022
Category:  Advanced Materials
Report ID:   60718
Report Format:   PDF
Pages:   120
Rating:    4.6 (40)
Delivery Time: 24 Hours to 48 Hours   
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