The global strand rods market was valued at $5.8 million in 2022, and is projected to reach $14.7 million by 2032, growing at a CAGR of 10.2% from 2023 to 2032.
The strand rod is a brand-new material that was developed by the Komatsu Seiten Fabric Laboratory in Japan. It is a composite made of thermoplastic carbon fiber. A strand rod is a thermoplastic carbon fiber composite used for seismic reinforcement. Its interlining is made of innovative material carbon fiber, and its outer layer is covered in synthetic and inorganic fiber, further, it is impregnated with thermoplastic resin. The strand rod is the most aesthetically appealing seismic reinforcement and is also the lightest. A single 160-meter-long strand of CABKOMA Strand Rod weighs only 12 kg, making it five times lighter than a metal rod.
The benefits of strand rods include high tensile strength, corrosion resistance, excellent durability, low dimensional change with temperature, and less weight. Buildings that are constructed without taking seismic pressures into account cannot use earthquake-resistant construction. Strand rods, for example, have emerged to be a creative and effective solution in this situation.
Bridges use composite materials in the form of cables, strands, and rods. Prestressing tendons and suspension & stay cables are two examples of these applications. The most crucial properties that make composites such as strand rods great candidates to replace steel for these types of applications are high tensile strength, corrosion resistance, and lightweight. Traditional steel cables and tendons that corrode could result in high maintenance costs for bridges. With the right material selection and construction, composite cables may have a longer usable life than conventional bridge cables. A suspension bridge is a form of bridge in which the deck is suspended on vertical suspenders from below suspension cables. In the contemporary age, the first examples of this style of bridge were built. Simple suspension bridges without vertical braces have a long history in many hilly regions of the world. Carbon fiber-reinforced polymer (CFRP) composite cables have been used for cable-stay bridges. Compared with steel, carbon composites can provide the equivalent tensile strength with only a fraction of the weight.
The North American strand rods market is analyzed across the U.S., Canada, and Mexico. U.S. holds the major share in the North America strand rod market. The $20 trillion U.S. economy relies on a vast infrastructure network from roads and bridges to freight rail and ports. The midwestern and eastern U.S. have some regions that are more earthquake-prone than others. The most earthquake-prone areas include Charleston, South Carolina, eastern Massachusetts, the St. Lawrence River area, and the central Mississippi River Valley. The 48 contiguous states are home to more than 143 million Americans who are exposed to earthquake-related ground shaking that could be harmful.
Moreover, there is an active earthquake zone in Mexico that extends from the western Sierras at Puerta Vallarta south to the Pacific coast at the Guatemalan border. Most of Central America's western coast is seismically active as the Cocos plate rubs against the Caribbean plate. These factors are expected to drive the demand for building structures that have seismic reinforcement, thus driving the demand for strand rods.
Researchers in engineering and archaeology are still looking for materials that are more durable than the soil. Design methods of buildings are supported by science that takes advantage of what is currently known about earthquakes. Disasters such as earthquakes can have relatively little lasting impact due to the construction of buildings that are earthquake resistant. These factors are anticipated to drive the demand for strand rods. The limitation is that strand rods are yet to be accepted by any codes or standards. Before using the product, a design must adhere to the regional building code. Carbon fiber strand rod design specifications are not specifically stated in any norms or standards at the moment. To enable its utilization, performance-based design codes and specifications need to be applied.
The strand rods market is segmented into application and region. Applications covered in the report are buildings and bridges & roads. Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
KOMATSU MATERE Co., Ltd. is the only company manufacturing strand rods. Major suppliers of the raw materials operating in the global strand rods market include Hexcel Corporation, TEIJIN LIMITED, Formosa Plastics Corporation, SGL Carbon, Nippon Kokuen Group, Mitsubishi Chemical Corporation, DowAksa, TORAY INDUSTRIES, INC., and Solvay S.A.
The strand rod is a brand-new material that was developed by the Komatsu Seiten Fabric Laboratory in Japan. It is a composite made of thermoplastic carbon fiber. A strand rod is a thermoplastic carbon fiber composite used for seismic reinforcement. Its interlining is made of innovative material carbon fiber, and its outer layer is covered in synthetic and inorganic fiber, further, it is impregnated with thermoplastic resin. The strand rod is the most aesthetically appealing seismic reinforcement and is also the lightest. A single 160-meter-long strand of CABKOMA Strand Rod weighs only 12 kg, making it five times lighter than a metal rod.
The benefits of strand rods include high tensile strength, corrosion resistance, excellent durability, low dimensional change with temperature, and less weight. Buildings that are constructed without taking seismic pressures into account cannot use earthquake-resistant construction. Strand rods, for example, have emerged to be a creative and effective solution in this situation.
Bridges use composite materials in the form of cables, strands, and rods. Prestressing tendons and suspension & stay cables are two examples of these applications. The most crucial properties that make composites such as strand rods great candidates to replace steel for these types of applications are high tensile strength, corrosion resistance, and lightweight. Traditional steel cables and tendons that corrode could result in high maintenance costs for bridges. With the right material selection and construction, composite cables may have a longer usable life than conventional bridge cables. A suspension bridge is a form of bridge in which the deck is suspended on vertical suspenders from below suspension cables. In the contemporary age, the first examples of this style of bridge were built. Simple suspension bridges without vertical braces have a long history in many hilly regions of the world. Carbon fiber-reinforced polymer (CFRP) composite cables have been used for cable-stay bridges. Compared with steel, carbon composites can provide the equivalent tensile strength with only a fraction of the weight.
The North American strand rods market is analyzed across the U.S., Canada, and Mexico. U.S. holds the major share in the North America strand rod market. The $20 trillion U.S. economy relies on a vast infrastructure network from roads and bridges to freight rail and ports. The midwestern and eastern U.S. have some regions that are more earthquake-prone than others. The most earthquake-prone areas include Charleston, South Carolina, eastern Massachusetts, the St. Lawrence River area, and the central Mississippi River Valley. The 48 contiguous states are home to more than 143 million Americans who are exposed to earthquake-related ground shaking that could be harmful.
Moreover, there is an active earthquake zone in Mexico that extends from the western Sierras at Puerta Vallarta south to the Pacific coast at the Guatemalan border. Most of Central America's western coast is seismically active as the Cocos plate rubs against the Caribbean plate. These factors are expected to drive the demand for building structures that have seismic reinforcement, thus driving the demand for strand rods.
Researchers in engineering and archaeology are still looking for materials that are more durable than the soil. Design methods of buildings are supported by science that takes advantage of what is currently known about earthquakes. Disasters such as earthquakes can have relatively little lasting impact due to the construction of buildings that are earthquake resistant. These factors are anticipated to drive the demand for strand rods. The limitation is that strand rods are yet to be accepted by any codes or standards. Before using the product, a design must adhere to the regional building code. Carbon fiber strand rod design specifications are not specifically stated in any norms or standards at the moment. To enable its utilization, performance-based design codes and specifications need to be applied.
The strand rods market is segmented into application and region. Applications covered in the report are buildings and bridges & roads. Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
KOMATSU MATERE Co., Ltd. is the only company manufacturing strand rods. Major suppliers of the raw materials operating in the global strand rods market include Hexcel Corporation, TEIJIN LIMITED, Formosa Plastics Corporation, SGL Carbon, Nippon Kokuen Group, Mitsubishi Chemical Corporation, DowAksa, TORAY INDUSTRIES, INC., and Solvay S.A.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the strand rods market analysis from 2022 to 2032 to identify the prevailing strand rods market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the strand rods market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global strand rods market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Application
- Buildings
- Bridges and Roads
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Spain
- Turkey
- Italy
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Indonesia
- Philippines
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Argentina
- Saudi Arabia
- Rest of LAMEA
Key Market Players
- DowAksa
- Formosa Plastics Corporation
- Hexcel Corporation
- KOMATSU MATERE Co.,Ltd.
- Mitsubishi Chemical Corporation
- Nippon Kokuen Group
- SGL Carbon
- Solvay S.A.
- TEIJIN LIMITED
- TORAY INDUSTRIES, INC.
Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: STRAND RODS MARKET, BY APPLICATION
CHAPTER 5: STRAND RODS MARKET, BY REGION
CHAPTER 6: COMPETITIVE LANDSCAPE
CHAPTER 7: COMPANY PROFILES
List of Tables
List of Figures
Companies Mentioned
- DowAksa
- Formosa Plastics Corporation
- Hexcel Corporation
- KOMATSU MATERE Co.,Ltd.
- Mitsubishi Chemical Corporation
- Nippon Kokuen Group
- SGL Carbon
- Solvay S.A.
- TEIJIN LIMITED
- TORAY INDUSTRIES, INC.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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