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Seismic Reinforcement Material Market Share

Report ID: GMI3356
Published Date: Nov 2024
Report Format: PDF

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Seismic Reinforcement Material Market Share

Seismic Reinforcement Material Market Analysis, 2023

In 2023, key companies like Hilti Group, BASF, Sika, 3M, Freyssinet, Hitech Materials, Alemite, Arcelor Mittal held a combined market share of 5%-10%. These companies are actively engaging in mergers, acquisitions, facility expansions, and collaborations to enhance their product portfolios, reach more customers, and strengthen their market positions.

Resellers that consistently deliver high-quality products and reliable performance often secure a competitive advantage. Upholding stringent testing and refurbishment standards is crucial for earning customer trust. Introducing warranties or return policies can distinguish resellers in the market. By offering customer support and repair services, resellers bolster buyer confidence, rendering them more appealing. A robust online presence, characterized by user-friendly websites and active social media engagement, enables resellers to connect with a wider audience. Strategic marketing initiatives can further differentiate them from their competitors.

Seismic Reinforcement Material Market Companies

Major players operating in the seismic reinforcement material industry are:

3M
Alemite
Arcelor Mittal
Arup Group
BASF
Freyssinet
Hilti Group
Hitech Materials Inc.
Lintec & Toray
Mammoet
Schneider Electric
Sika AG
Tata Steel
Tensar International
U.S. Concrete

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The market size of seismic reinforcement material reached USD 32.2 billion in 2023 and is set to grow at a 5.5% CAGR from 2024 to 2032, driven by rapid urbanization and growing construction needs.

The steel segment accounted for USD 13.2 billion in revenue in 2023 and is expected to grow at a 6% CAGR until 2032, owing to its superior strength and durability.

The U.S. market accounted for 82% of the revenue share in 2023, led by increased awareness of earthquake risks in regions like California, Alaska, and the Pacific Northwest.

Key players in the industry include 3M, Alemite, Arcelor Mittal, Arup Group, BASF, Freyssinet, Hilti Group, Hitech Materials Inc., Lintec & Toray, Mammoet, Schneider Electric, Sika AG, Tata Steel, Tensar International, and U.S. Concrete.