Insights on the Heat-Treated Steel Plates Global Market to 2028 - by Treatment Type, Application and Region - ResearchAndMarkets.com

3 June 2021

The "Heat-Treated Steel Plates Market Size, Share & Analysis, By Steel Type, By Treatment Type, By Application And By Region, Global Forecast To 2028" report has been added to ResearchAndMarkets.com's offering.

The global heat-treated steel plates market size is expected to reach USD 8,667.9 Million in 2028, and register a CAGR of 4.6% during the forecast period.

Market growth is expected to be driven by growing consumption of heat-treated steel plates from end-use industries such as energy, nuclear power plants, pressure vessels, and process equipment, among others. Increasing power consumption and increasing investments for upgrading existing power plants to increase capacity are major factors expected to drive demand for heat-treated steel plates, thereby driving market growth.

Increasing demand for heat-treated steel plates in the ship-building industry to build the body of the ship, and cruise ship cabins, increasing construction of ship vessels, and growing marine-trade activities are expected to result in high consumption of heat-treated steel plates. This is another major factor driving growth of the global heat-treated steel plates market.

Some Key Findings From the Report:

Among the steel type segments, the carbon steel type segment accounted for the highest revenue share in the global heat-treated steel plates market in 2020.
Among the treatment type segments, the quenching and hardening segment accounted for the second-largest revenue share in the global market in 2020. The case hardening segment is expected to register the highest revenue growth rate during the forecast period.
Among the application segments, the automotive and transportation segment accounted for the largest revenue share in 2020. The construction segment accounted for significantly large revenue share in 2020.
The Asia Pacific market accounted for the largest revenue share in 2020, due to increasing adoption of products in various end-use industries.
The North America market is expected to register substantially high revenue growth rate during the forecast period, due to increasing construction and renovation activities in residential as well as commercial sector, growing adoption of automobiles, and growing demand for the product from aerospace sector.

Reasons to Buy the Report

A robust analysis and estimation of the Heat-Treated Steel Plates Market with four levels of quality check - in-house database, expert interviews, governmental regulation, and a forecast specifically done through time series analysis
A holistic competitive landscape of all the major players in the Heat-Treated Steel Plates Market. The report covers their market shares, strategic initiatives, new product launches, R&D expenditure, M&As, Joint ventures, expansionary plans, product wise metric space analysis and key developments
Go-to-market strategies specifically formulated in line with location analysis which takes into the factors such as government regulations, supplier mapping, supply chain obstacles, and feedback from local vendors
Most deep dive segmental bifurcation available currently in the market. Our stellar methodology helps us understand the overall gamut of the supply chain and will help you explain the current market dynamics
Special focus given on vendor landscape, supplier portfolio, customer mapping, production capacity, and yearly capacity utilization

Market Dynamics

Drivers

  • Rapid urbanization
  • Rise in construction activities
  • Rise in large-scale investments in the industrial and infrastructure sectors

Restraints

  • Fluctuating raw material prices
  • Lack of skilled labor

Companies Mentioned

  • Nippon Steel & Sumitomo Metal Corporation
  • Posco
  • ArcelorMittal
  • Baosteel
  • TATA Steel
  • Thyssenkrupp AG
  • Novolipetsk Steel
  • Essar Steel
  • JFE Holdings
  • Outokumpu

For more information about this report visit https://www.researchandmarkets.com/r/6tcpwb

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Source: businesswire.com