Heat-Treated Steel Plates Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts, 2019–2025

Report Code: ZMR-4831 | Report Format : | Status : Upcoming |

Abstract

Global Heat-Treated Steel Plates Market: Overview

Heat-treated steel plates are majorly utilized to alter the physical and mechanical features of steel without altering its basic form. This heat treatment method helps to improve or increase steel’s ductility, elasticity, hardness, and toughness.

Global Heat-Treated Steel Plates Market: Growth Factors

The major aspects projected to fuel the heat-treated steel plates market are growing urbanization, rising construction in developing economies, and escalating investments made in infrastructural and industrial sectors across the world. Furthermore, the growing product demand from construction and manufacturing sectors along with the increasing popularity of infrastructures like dams, bridges, engineering structures, and commercial hubs are other aspects that are projected to drive the heat-treated steel plates market development on a global scale.

Global Heat-Treated Steel Plates Market: Segmentation

The heat-treated steel plates market is fragmented based on steel type, treatment, and application. Based on steel, the market includes alloy, stainless, and carbon. The carbon segment was a major division of the global market in 2018 and is anticipated to remain dominant in the upcoming years as well. Carbon steel is among the most common steel type, which is readily accessible at economical prices along with being suitable for utilization for various applications. This is the major aspect of fuelling the carbon steel segment. By application, the global market for heat-treated steel plates is categorized into building and construction, industrial machinery, automotive, energy and power, and shipbuilding. The building and construction segment will hold a major market share in the future, owing to the increasing urbanization and growing demand for infrastructures like bridges, engineering structures, and commercial hubs. The treatment segment comprises stress relieving, spheroidizing, normalizing, and quenching and tempering.

Global Heat-Treated Steel Plates Market: Regional Analysis

On the basis of consumption, the Asia Pacific will hold the maximum share of the heat-treated steel plates market. The Asia Pacific market will remain dominant in the future, owing to the increasing steel demand across different end-use sectors to meet the needs of the ever-growing regional population. India and China are the most important countries that majorly demand heat-treated steel plates in the region. The rising popularity of heat-treated steel plates in industrial and construction machinery in India and China, which are highly-populated regions, are major manufacturing centers globally, will also fuel the Asia Pacific market. Europe is likely to account for a noteworthy share of the heat-treated steel plates market in the upcoming years, owing to the regional presence of several key automotive companies. North America is likely to be another prominent region in the global heat-treated steel plates market, owing to the presence of leading end-user sectors like defense, automotive, and shipbuilding and the U.S. financial system’s revival.

Global Heat-Treated Steel Plates Market: Competitive Players

Some main participants of the heat-treated steel plates market are Thyssenkrupp, ArcelorMittal, POSCO, Baosteel, TATA Steel, JFE Holdings, Outokumpu, Novolipetsk Steel, Nippon Steel, Sumitomo Metal, and Essar Steel, among others.

Global Heat-Treated Steel Plates Market: Regional Segment Analysis

  • North America
    • The U.S.
  • Europe
    • The UK
    • France
    • Germany
  • The Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

What Reports Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

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