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Seismic Reinforcement Material Market | Covid-19 Impact Analysis
The Seismic Reinforcement Material Market is Segmented by Material Type (Steel, Composites, Wood, and Concrete), by Product Type (Rebar & Rod, Column & Beam, Sheet & Laminate, and Others), by Application Type (Roofing, Wall & Support Column, Foundation & Flooring, Bridge & Flyover, and Others), by Installation Type (Retrofit, New Structure), by End-Use Industry Type (Residential, Commercial, Industrial, and Infrastructural), and by Region (North America, Europe, Asia-Pacific, and Rest of the World)
Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.
Note: The summary below might not have included insights on covid impact since we have large number of reports.
Seismic reinforcement material market is likely to witness a healthy CAGR of 4.4% during the forecast period. The prime factor that is contributing to the demand for seismic reinforcement materials is the increasing need for seismic-proof buildings in earthquake prone regions. Rising urbanization and increasing need for infrastructure rehabilitation to boost the seismic reinforcement materials demand during the forecast period.
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Seismic Reinforcement Material Market - Snapshot |
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Growth |
4.4% for the next five years |
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Dominant Product Type |
Rebar & Rod |
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Dominant Installation Type |
New Structure |
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Dominant End-use Industry Type |
Residential |
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Key Players |
ArcelorMittal, Canfor Corporation, HBIS Group Co., Ltd., Hyundai Steel Company, Jiangsu Shagang Group Co., Ltd., LafargeHolcim Ltd., Tata Steel Limited, Toray Industries Inc., UltraTech Cement Limited, Weyerhaeuser Company, and Others. |
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Based on the product type, the market is segmented as rebar & rod, column & beam, sheet & laminate, and others. Rebar & rod held the largest share of the market in 2020, and are expected to remain dominant during the forecast period. They are widely used to increase the tensile strength of concrete and masonry structures and are essential in framing structures to withstand earthquake loading.
Based on the installation type, the seismic reinforcement material market is segmented as retrofit and new structure. New structures to continue to dominate the seismic reinforcement material market. However, retrofit which accounts for a smaller share is expected to register higher growth during the forecast period due to the enforcement of seismic codes by local government authorities in earthquake prone areas.
Based on the end-use industry type, the seismic reinforcement material market is segmented as residential, commercial, industrial, and infrastructural. The residential segment accounted for the largest share and is expected to drive the demand for seismic reinforcement material over the forecast period due to the adoption of these materials in structural applications such as walls, frames, joints, beam, column, roof, and others.
In terms of regions, North America is estimated to register healthy growth during the forecast period due to the enforcement of stringent regulations with increased awareness on building’s strength falling under earthquake belt or seismic zone. Rising infrastructural activities in Asia-Pacific to provide significant opportunities in the coming years.
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Some of the major seismic reinforcement material manufacturers are-
Seismic reinforcement materials market is bolstered by seismic retrofitting measures as used by various residential and commercial buildings. Favorable government regulations and building norms will support the overall market demand over the forecast period. Sociological and economical inhibitions associated with seismic reinforcement techniques may hinder the market growth in coming years.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
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Seismic Reinforcement Material Market Research Report - Features |
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Market Segmentation |
6 |
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Regions Covered |
4 |
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Countries/Sub-Regions Covered |
17 |
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No. of Figures & Tables |
>150 |
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Company Profiles |
10 |
The seismic reinforcement material market is segmented into the following categories.
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This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
Market Segmentation
Competitive Benchmarking
Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected].
The seismic reinforcement material market is expected to witness an impressive growth of 4.4% CAGR in the foreseeable future.
ArcelorMittal, Canfor Corporation, HBIS Group Co., Ltd., Hyundai Steel Company, Jiangsu Shagang Group Co., Ltd., LafargeHolcim Ltd., Tata Steel Limited, Toray Industries Inc., UltraTech Cement Limited, Weyerhaeuser Company, and Others are among the key players in the seismic reinforcement material market.
North America is expected to register healthy growth in the seismic reinforcement material market during the next five years.
Reber & rod are expected to remain the dominant product in the seismic reinforcement material market in the coming years.
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