Global Strength Members Market by Type (FRP Strength Members, Steel Strength Members), By Application (Sports and Leisure, Oil and Gas, Construction, Cranes, Arboriculture, Others) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028
The global strength members market is projected to grow from $10.5 billion in 2018 to $12.3 billion by 2028, at a compound annual growth rate (CAGR) of 3.1%. The global steel strength members market size is expected to reach $4.9 billion by 2028 and the FRP strength members market size is expected to reach $6.4 billion by 2028, at a CAGR of 4% and 5%, respectively during the forecast period (2018-2028).
Strength members are structural segments that hold the load of a building. They often include steel, concrete, and wood beams, as well as pre-cast or cast-in-place slabs and columns. Strength members can be made from a variety of materials including steel, concrete, or wood beams as well as pre-cast slabs and columns. The size of strength members is typically calculated by area rather than height because it’s easier to measure, with each square foot costing anywhere from $0.70 to $120, depending on the material and job site conditions.
On the basis of type, the global strength members market is segmented into FRP (fiber reinforced plastics) and steel.
FRP (Fiber Reinforced Plastics)
Fiber-reinforced plastics (FRP) are a type of composite material made from two or more components. The most common FRPs in the market today consist of three layers: organic fiber, carbon fibers, and epoxy resin which act as a binding agent. The fiber layer is typically made of glass, which has a high strength-to-weight ratio and low density. The carbon fibers are used to provide the material with extra toughness or rigidity and increase its ability to withstand extreme temperatures like an oil fire for example. In recent years there have been some innovations in FRP materials where they use other types of organic fibers such as polyester, nylon, aramid (Kevlar), or cotton instead of glass fiber to make it stronger than before. The epoxy resin provides FRPs with good chemical resistance against fuels oils and acids that might be found in steel tanks at an industrial facility for example. Carbon nanotubes can also act as reinforcement agents by strengthening the bond between layers of FRP composites.
Steel
Steel strength members are used in various construction and oil & gas applications. They include steel angle, I-section, round chord, and flat bar among others that can be welded or bolted to form a structure of the required shape with adequate resistance against loads as well as corrosion protection.
Steel angle, I-section, and round chord are common in construction applications. Flat bars of various lengths can be used for assembly purposes but they also find use as strength members across a variety of industries including oil & gas where their resistance to corrosion is an added benefit.
On the basis of application, the global strength members market is segmented into the sports & leisure industry, oil & gas industry, construction industry, cranes arboriculture, and others.
Sports and Leisure Industry
The sports and leisure industry has been one of the major end-users of steel strength members. The demand for these types of products is mostly driven by sports stadiums, gymnasiums, fitness center buildings, etc. The sports and leisure industry also includes facilities such as ski resorts, water parks, bowling alleys, etc., which require lifting equipment with a higher load capacity than other industries to handle heavier loads in order to avoid potential injuries or accidents due to safety concerns. However it should be noted that at present time there are not many suppliers who offer FRP strength member solutions specifically for this segment.
Oil & Gas Industry
The application of strength members in the oil & gas industry includes offshore rigs and platforms, as well as onshore facilities. Oil production is typically carried out from a platform or rig, which can have up to several thousand tons of equipment mounted on it that requires structural support. In addition to providing required stability for structures like drilling rigs and tanks at ports, steel pipe life span is extended by installing FRP reinforcement (or even replacing all piping with fiberglass).
Construction Industry
Strength members are used in construction to provide support and stability for a structure, most commonly during the building of scaffolding. They're also used as reinforcements on bridges and buildings before they're finished being constructed. Strength members can be made from either steel or FRP materials. Steel is more durable than FRP, but it's heavier - meaning that if you need to move them around extensively while building your project strength members will take up more space (and cost) than their FRP counterparts. However, this trade-off could make sense depending on what kind of structures you'll be working with since there are some projects where weight isn't as important an issue.
Crane Arboriculture
The application of strength members in crane arboriculture is to support the crane's load. Strength members are used as secondary support for the application of cranes in arboriculture, and they can be made from steel or fiberglass. A crane's arboriculture would require steel strength members that resist corrosion from rain or snow exposure while maintaining rigidity against bending during use.
On the basis of region, the global strength members market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
North America is the largest regional market for strength members as of 2016. This region has a major share in this market due to its high demand from construction sectors such as oil and gas or the sports and leisure industry. The North American markets are also bigger than other regions because it's home to some of the biggest companies that offer various types of strength member products and services like Alcoa Inc., which manufactures aluminum alloys used extensively in manufacturing steel structures with excellent corrosion resistance properties; Siemens AG, one of the leading manufacturers worldwide who offers FRP-strength members made by their subsidiary company Werner+Leimen GmbH (News - Alert); Star Steel Corporation, which specializes in the manufacturing of steel strength parts and products for oilfield industries; Tenaris SA, a corporation involved with producing seamless pipe production.
Growth Factors
Growth in construction activity and the related need for steel strength members is one of the key factors that will drive demand. For instance, China’s real estate industry has been growing at a rapid pace with new homes built each year despite the declining population growth rate. Moreover, as oil prices stabilized over recent years before rebounding to levels higher than $100/bbl by 2018-2019 through increased production from OPEC countries and economic recovery across most regions; this helped increase capital expenditure (CAPEX) on energy exploration projects, upstream oil & gas activities such as drilling wells or pipeline laying during 2017-2018 which will support market growth in future years.
Up Market Research published a new report titled “Strength Members Market research report which is segmented by Types (FRP Strength Members, Steel Strength Members), By Applications (Sports and Leisure, Oil and Gas, Construction, Cranes, Arboriculture, Others), By Players/Companies Multicom, DowDuPont, Cortland, Roblon, Phillystran, Hec-Holland”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.
Report Scope
Report Attributes | Report Details |
Report Title | Strength Members Market Research Report |
By Type | FRP Strength Members, Steel Strength Members |
By Application | Sports and Leisure, Oil and Gas, Construction, Cranes, Arboriculture, Others |
By Companies | Multicom, DowDuPont, Cortland, Roblon, Phillystran, Hec-Holland |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 244 |
Number of Tables & Figures | 171 |
Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
Global Strength Members Market Report Segments:
The market is segmented by Type FRP Strength Members, Steel Strength Members and By Application Sports and Leisure, Oil and Gas, Construction, Cranes, Arboriculture, Others.
Some of the companies that are profiled in this report are:
- Multicom
- DowDuPont
- Cortland
- Roblon
- Phillystran
- Hec-Holland
Strength Members Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
- Industry drivers, restraints, and opportunities covered in the study
- Neutral perspective on the market performance
- Recent industry trends and developments
- Competitive landscape & strategies of key players
- Potential & niche segments and regions exhibiting promising growth covered
- Historical, current, and projected market size, in terms of value
- In-depth analysis of the Strength Members Market
Overview of the regional outlook of the Strength Members Market:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
Highlights of The Strength Members Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of Strength Members Market.
- Historical data and forecast.
- Estimations for the forecast period 2028.
- Developments and trends in the market.
- By Type:
1. FRP Strength Members
2. Steel Strength Members
7. By Application:1. Sports and Leisure
2. Oil and Gas
3. Construction
4. Cranes
5. Arboriculture
6. Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Strength Members Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
Reasons to Purchase the Strength Members Market Report:
- The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
- Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
- Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
- The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
- Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Strength Members Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Strength Members Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Strength Members Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Strength Members Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Strength Members Market Size & Forecast, 2018-2028
4.5.1 Strength Members Market Size and Y-o-Y Growth
4.5.2 Strength Members Market Absolute $ Opportunity
Chapter 5 Global Strength Members Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Strength Members Market Size Forecast by Type
5.2.1 FRP Strength Members
5.2.2 Steel Strength Members
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Strength Members Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Strength Members Market Size Forecast by Applications
6.2.1 Sports and Leisure
6.2.2 Oil and Gas
6.2.3 Construction
6.2.4 Cranes
6.2.5 Arboriculture
6.2.6 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Strength Members Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Strength Members Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Strength Members Analysis and Forecast
9.1 Introduction
9.2 North America Strength Members Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Strength Members Market Size Forecast by Type
9.6.1 FRP Strength Members
9.6.2 Steel Strength Members
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Strength Members Market Size Forecast by Applications
9.10.1 Sports and Leisure
9.10.2 Oil and Gas
9.10.3 Construction
9.10.4 Cranes
9.10.5 Arboriculture
9.10.6 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Strength Members Analysis and Forecast
10.1 Introduction
10.2 Europe Strength Members Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Strength Members Market Size Forecast by Type
10.6.1 FRP Strength Members
10.6.2 Steel Strength Members
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Strength Members Market Size Forecast by Applications
10.10.1 Sports and Leisure
10.10.2 Oil and Gas
10.10.3 Construction
10.10.4 Cranes
10.10.5 Arboriculture
10.10.6 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Strength Members Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Strength Members Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Strength Members Market Size Forecast by Type
11.6.1 FRP Strength Members
11.6.2 Steel Strength Members
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Strength Members Market Size Forecast by Applications
11.10.1 Sports and Leisure
11.10.2 Oil and Gas
11.10.3 Construction
11.10.4 Cranes
11.10.5 Arboriculture
11.10.6 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Strength Members Analysis and Forecast
12.1 Introduction
12.2 Latin America Strength Members Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Strength Members Market Size Forecast by Type
12.6.1 FRP Strength Members
12.6.2 Steel Strength Members
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Strength Members Market Size Forecast by Applications
12.10.1 Sports and Leisure
12.10.2 Oil and Gas
12.10.3 Construction
12.10.4 Cranes
12.10.5 Arboriculture
12.10.6 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Strength Members Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Strength Members Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Strength Members Market Size Forecast by Type
13.6.1 FRP Strength Members
13.6.2 Steel Strength Members
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Strength Members Market Size Forecast by Applications
13.10.1 Sports and Leisure
13.10.2 Oil and Gas
13.10.3 Construction
13.10.4 Cranes
13.10.5 Arboriculture
13.10.6 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Strength Members Market: Competitive Dashboard
14.2 Global Strength Members Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Multicom
14.3.2 DowDuPont
14.3.3 Cortland
14.3.4 Roblon
14.3.5 Phillystran
14.3.6 Hec-Holland