Title: Seismic Reinforcement Materials Market Outlook To 2025: Emerging Trends, New Growth Opportunities, Regional Analysis
1 Seismic Reinforcement Materials Market Trends
Research and Projections for 2019 - 2025
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2Global Market Scenario of Seismic Reinforcement
Materials Industry
- 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. - Seismic Reinforcement Materials Market Size will
surpass USD 40 billion by 2025 according to a
new research report by Global Market Insights,
Inc.
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3Continue-
- 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. - On the basis of material, the seismic
reinforcement materials market is segmented into
composites, steel, concrete and wood. The
composites segment comprises of carbon fiber
reinforced polymers, glass fiber reinforced
polymers and other (aramid or hybrid) composites.
- Steel segment will be worth about 19 billion,
exhibiting decent growth rate over the forecast
time period due to its extensive usage as a
reinforcement material in form of rebars, beams,
columns, etc.
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5360 Industry Analysis
- 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. -
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6Industry Background
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7- Competitive Analysis
- 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.
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8Latest Research Report On Seismic Reinforcement
Materials Market_at_ https//bit.ly/2RB6Xbb
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