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Seismic Reinforcement Material Market Trends

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

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Seismic Reinforcement Material Market Trends

Carbon fiber-based materials are increasingly being used for seismic reinforcement due to their high strength-to-weight ratio, corrosion resistance, and ease of installation. CFRP materials are particularly useful for retrofitting buildings without adding significant weight to the structure. The use of base isolators, which decouple a building from ground motion during an earthquake, is becoming more common.

These isolators allow buildings to absorb seismic energy and reduce the risk of damage. As sustainability becomes more important in construction, there is a growing demand for environmentally friendly seismic reinforcement materials. Materials like recycled FRP and low-carbon concrete are becoming more common as the industry seeks to reduce its environmental footprint.

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.