Seismic Reinforcement Materials Market Size By Material (Steel, Composites [CFRP, GFRP], Wood, Concrete), By Product (Rebars & Rods, Columns & Beams, Sheets & Laminates), By Installation (Retrofit, New Structures), By Application (Roofing, Wall & Support

Seismic Reinforcement Materials Market Size By Material (Steel, Composites [CFRP, GFRP], Wood, Concrete), By Product (Rebars & Rods, Columns & Beams, Sheets & Laminates), By Installation (Retrofit, New Structures), By Application (Roofing, Wall & Support Columns, Foundation & Flooring, Bridges & Flyovers),By End-Use (Residential, Commercial, Industrial, Infrastructural), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, France, Italy, Romania, Ukraine, Greece, China, India, Japan, Thailand, Indonesia, Malaysia, South Korea, Brazil, Mexico, Peru, Turkey, South Africa, Saudi Arabia, Turkey, Iran), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019 - 2025

Seismic Reinforcement Materials Market will surpass USD 40 billion by 2025; according to a new research report.

Rapid rise of seismic events globally due to climate change has resulted in hefty loss of life, property and assets. It is the main reason that influences the growth of the product demand in the market. Seismic reinforcement materials are mainly used in strengthening of buildings and other structures such as masonry, bridges, flyovers, etc. It aids in order to reduce or minimize the impact of damage possibilities during or after natural calamities. Rising awareness of several building regulations across the globe and their implementation at various regions will compel the use of seismic reinforcement materials by many construction companies and contractors. Moreover, growing urbanization and increasing need for renovative projects in developed economies will surge seismic reinforcement materials market in the near future.

The USGS recorded over 1,550 earthquakes across the globe with Richter scale magnitude more than 5 in 2015, with an estimated number of death of more than 9,600. Rising ecological changes have increased the number of earthquakes over the year. In 2018, over 14,500 earthquakes were recorded globally, of which around 12,700 were marked below 5 on the Richter scale. This mounting rate of earthquakes is expected to escalate the need for seismic reinforcement materials in numerous construction activities, directly augmenting the product industry for the estimated timespan.

Based on material, the product market is segmented into steel, composites, concrete and wood. The steel segment comprises of rebars & rods along with columns & beams. Wood segment is demonstrating a reasonable growth rate of around 4.5% during the forecast timespan.

Seismic reinforcement material market on the basis of product is bifurcated into sheets & laminates, columns & beams, rebars & rods, etc. The sheets & laminates segment registered a market share of over 15% in 2018. Rising importance in providing strength to buildings and structures will propel the product market by 2025.

On the basis of installation, new structures segment will illustrate a fair growth rate above 4% by 2025 new structures are expected to witness heavy growth due to the growing infrastructure and rehabilitation activities along with housing demands in developed economies.

Based on applications, seismic reinforcement material market is segmented into walls & columns, roofing, foundation & flooring, bridges & flyovers and other, that include silos, chimneys, etc. Foundation & flooring segment accounts for more than 5 billion and shows a reasonable growth rate for the expected timespan.

Seismic reinforcement materials market according to end-use is categorized into industrial, residential, infrastructure and commercial construction. The industrial sector holds nearly 12% of overall market share, with several initiatives taken by governments to promote safe and strong infrastructure, which is projected to fuel the seismic reinforcement materials market in the forecast timeframe.

North America will demonstrate exceptional growth rate for more than 3.5% in the projected timespan. The region is prone to natural calamities and with strict regulation to adhere building codes will further strengthen the product demand in the region.

Some of major players in seismic reinforcement materials market are Simpson Strong-Tie Inc., Hyundai Steel Co., Toray Industries, LafargeHolcim Ltd., ArcelorMittal, West Fraser Timber Co., BASF, Tata Steel, Aegion Corp., UltraTech Cement and Weyerhaeuser.

Seismic reinforcement materials market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in thousand units & revenue in USD million from 2014 to 2025, for the following segments:

Seismic Reinforcement Materials Market Materials by Product

Steel

Rebars & rods
Columns & beams
Others

Composites

CFRP

Rebars & rods

Sheets & laminates
GFRP

Rebars & rods

Sheets & laminates
Others

Rebars & rods

Sheets & laminates

Wood

Columns & beams

Concrete

Columns & beams
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

Seismic Reinforcement Materials Market by Application

Roofing

Walls & support columns

Foundation & flooring

Bridges & flyovers

Others

Seismic Reinforcement Materials Market by End-use Sector

Residential

Commercial

Industrial

Infrastructural

The above information is provided on a regional and country basis for the following:

North America

U.S.
Canada

Europe

Germany
France
Italy
Romania
Ukraine
Greece

Asia Pacific

China
India
Japan
Thailand
Indonesia
Malaysia
South Korea

Latin America (LATAM)

Brazil
Mexico
Peru

Middle East & Africa (MEA)

South Africa
Saudi Arabia
Turkey
Iran