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Heat-Treated Steel Plates Market Analysis- Industry Size, Share, Research Report, Insights, Covid-19 Impact, Statistics, Trends, Growth and Forecast 2022-2030

Published Date: July, 2022
No of Pages: 170
Delivery Format: PDF+EXCEL

$2,950.00

The market for heat-treated steel plates was valued at USD 99.59 Billion in 2016 and is projected to reach USD 121.77 Billion by 2022, at a CAGR of 3.53% from 2017.

The report aims at estimating the market size and future growth potential of the heat-treated steel plates market across different segments such as steel type, treatment, application, and region. The other objectives include providing detailed information regarding the main factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges). It also aims to study the individual growth trends, future prospects, and contribution of various segments to the total market. The study also analyzes opportunities in the market for stakeholders and details of the competitive landscape for the market leaders. The study strategically profiles key players and comprehensively analyzes their core competencies.

The research methodology used to estimate and forecast the heat-treated steel plates market begins with capturing data on key vendor revenues through secondary research and associations such as World Steel Association, The European Steel Association (EUROFER), EUROMETAL, and British Stainless Steel Association. The vendor offerings are also taken into consideration to determine the market segmentation. The bottom-up procedure was employed to arrive at the overall size of the global heat-treated steel plates market from the revenues of the key players. After arriving at the overall market size, the total market was split into several segments and sub-segments, which were then verified through primary research by conducting extensive interviews with key people such as CEOs, VPs, directors, and executives. These data triangulation and market breakdown procedures were employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments.

The market ecosystem includes various stakeholders involved in the supply chain of the heat-treated steel plates industry starting from raw materials suppliers, research & development, and manufacturing. Post this, the marketing and sales of the products take place, which is only possible if an efficient distribution channel is developed. Finally, the end products are made available to the consumers. The global market for the heat-treated steel plates market is dominated by players such as ArcelorMittal (Luxembourg), Thyssenkrupp AG (Germany), POSCO (South Korea), TATA Steel (India), Baosteel (China), Outokumpu (Finland), JFE Holdings (Japan), Nippon Steel & Sumitomo Metal Corporation (Japan), Novolipetsk Steel (Russia), and Essar Steel (India).

Target audience

  • Heat-treated steel plate manufacturers
  • Raw material producers and suppliers
  • Heat-treated steel plate distributors and traders
  • End-use sectors
  • Governments and R&D institutions
  • Market research and consulting firms
  • Associations and industry bodies

Heat-Treated Steel Plates Market Report Scope and Segmentation

ATTRIBUTESDETAILS
ESTIMATED YEAR2022
BASE YEAR2021
FORECAST YEAR2030
HISTORICAL YEAR2017-2021
UNITValue (USD Million/Billion)
BY REGIONNorth America, Europe, Asia Pacific, Latin America, Middle East and Africa

 

The research report segments the heat-treated steel plates market into the following submarkets:

By Steel Type:

  • Carbon steel
  • Alloy steel
  • Stainless steel

By Treatment:

  • Quenching & tempering
  • Normalizing
  • Spheroidizing
  • Stress relieving

By Application:

  • Construction
  • Industrial machinery
  • Automotive & defense vehicles
  • Shipbuilding
  • Energy & power

Regional Analysis

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • Italy
    • France
    • UK
    • Spain
    • Poland
    • Russia
    • The Netherlands
    • Norway
    • Czech Republic
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Indonesia
    • Malaysia
    • Thailand
    • Singapore
    • Australia & New Zealand
    • Rest of Asia Pacific
  • South America
    • Brazil
    • Argentina
    • Colombia
    • Rest of South America
  • The Middle East & Africa
    • Saudi Arabia
    • UAE
    • South Africa
    • Northern Africa

Rest of MEA

MarketsandMarkets projects that the heat-treated steel plates market will grow from USD 102.36 Billion in 2017 to USD 121.77 Billion by 2022, at an estimated CAGR of 3.53%. Rise in building & construction activities, large-scale investments in infrastructure & industrial sectors, and rapid urbanization in developing economies are boosting the growth of the heat-treated steel plates market. The construction segment is projected to account for the largest market share and dominate the market from 2017 to 2022. The growth in adoption and development of industrial machinery plays a key role in changing the market; this segment is projected to grow at the second-highest rate during the forecast period.

The segmentation for this report is based on steel type, treatment, application, and region. The energy & power segment is projected to be the fastest-growing segment in the heat-treated steel plates market during the forecast period. There are various heat-treated steel plates used in major boilers, pressure vessels, storage tanks, and other structural parts in the energy & power sector. The power sector requires these plates to withstand adverse conditions, such as high pressure and high temperature.

Heat-treated steel plates are used in construction, energy & power, industrial machinery, automotive & defense vehicles, and shipbuilding. The global market, in terms of application, was dominated by the construction industry in 2016. The rise in disposable incomes of the urban population is leading to the construction of new houses in urban regions, thereby giving rise to an increased demand for heat-treated steel plates. Growth in construction expenditures in the non-residential sector will continue to support the demand for heat-treated steel plates.

The carbon steel type segment dominated the market in 2016, and is projected to be the fastest-growing application in the next five years, as a result of its economical price, easy availability, and wide application areas in manufacturing and construction industries.

Asia Pacific dominated the market for heat-treated steel plates in 2016. China contributes a major market share in the Asia Pacific market. Easy availability of raw materials and cheap labor, coupled with significant domestic demand, makes this market very attractive for industry participants. The growth in middle-class population and the rise in the standards of living of the population are expected to drive the demand for heat-treated steel plates due to the rise in demand for steel across various industries. The market in this region is growing rapidly due to the presence of numerous leading players.

In 2017, Asia Pacific is estimated as the largest consumer of heat-treated steel plates, with China, India, Japan, South Korea, and Australia being the major markets. The Asia Pacific heat-treated steel plates market is projected to register the highest CAGR during the forecast period. The growth of the building & construction industry and economic development in the region have led to the increase in demand for heat-treated steel plates.

Volatile raw material prices and excess supply of steel in some regions pose a challenge to the growth of the heat-treated steel plates market. The global heat-treated steel plates market is dominated by players such as ArcelorMittal (Luxembourg), Thyssenkrupp AG (Germany), POSCO (South Korea), TATA Steel (India), Baosteel (China), Outokumpu (Finland), JFE Holdings (Japan), Nippon Steel & Sumitomo Metal Corporation (Japan), Novolipetsk Steel (Russia), and Essar Steel (India). These players majorly adopted strategies, such as expansions and agreements to meet the demand.

Table Of Content

Table of Contents

1 Introduction (Page No. – 18)
1.1 Objectives of the Study
1.2 Market Definition
1.3 Study Scope
1.3.1 Regional Scope
1.3.2 Years Considered for the Study
1.4 Currency Considered
1.5 Unit Considered
1.6 Stakeholders

2 Research Methodology (Page No. – 22)
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.3 Primary Data
2.1.3.1 Key Data From Primary Sources
2.1.3.2 Breakdown of Primaries
2.2 Market Size Estimation
2.3 Data Triangulation
2.4 Research Assumptions & Limitations

3 Executive Summary (Page No. – 30)

4 Premium Insights (Page No. – 34)
4.1 Emerging Economies to Register High Growth in Terms of Demand for Heat-Treated Steel Plates
4.2 Heat-Treated Steel Plates Market, By Steel Type
4.3 Heat-Treated Steel Plates Market, By Application
4.4 Heat-Treated Steel Plates Market, By Treatment
4.5 Asia Pacific: Heat-Treated Steel Plates Market, By Application & Country
4.6 Heat-Treated Steel Plates Market: Country Snapshot

5 Market Overview (Page No. – 39)
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Rise in Demand From End-Use Industries
5.2.1.2 Ability to Reduce the Weight of the Structures
5.2.1.3 Growth in Demand From the Asia Pacific Region
5.2.1.4 No Substitutes for Heat-Treated Steel Plates
5.2.2 Restraints
5.2.2.1 Matured Market
5.2.2.2 Impact of Economic Downturn
5.2.3 Opportunities
5.2.3.1 Imposition of Anti-Dumping Duties on Import
5.2.4 Challenges
5.2.4.1 Volatile Raw Material Prices

6 Industry Trends (Page No. – 44)
6.1 Introduction
6.2 Supply Chain Analysis
6.3 Porter’s Five Forces Analysis
6.3.1 Threat of New Entrants
6.3.2 Threat of Substitutes
6.3.3 Bargaining Power of Suppliers
6.3.4 Bargaining Power of Buyers
6.3.5 Intensity of Competitive Rivalry
6.4 Macroeconomic Overview
6.4.1 GDP & Contribution of the Construction Industry, By Country
6.4.2 Global Automotive Industry Outlook

7 Heat-Treated Steel Plates Market, By Steel Type (Page No. – 53)
7.1 Introduction
7.2 Carbon Steel
7.3 Alloy Steel
7.4 Stainless Steel

8 Heat-Treated Steel Plates Market, By Treatment (Page No. – 57)
8.1 Introduction
8.2 Quenching & Tempering
8.3 Normalizing
8.4 Spheroidizing
8.5 Stress Relieving
8.6 Others

9 Heat-Treated Steel Plates Market, By Application (Page No. – 62)
9.1 Introduction
9.2 Construction
9.3 Energy & Power
9.4 Industrial Machinery
9.5 Automotive & Defense Vehicles
9.6 Shipbuilding
9.7 Others

10 Heat-Treated Steel Plates Market, By Region (Page No. – 67)
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.2.4 Rest of North America
10.3 Europe
10.3.1 Germany
10.3.2 Russia
10.3.3 Italy
10.3.4 France
10.3.5 UK
10.3.6 Spain
10.3.7 Rest of Europe
10.4 Asia Pacific
10.4.1 China
10.4.2 India
10.4.3 Japan
10.4.4 South Korea
10.4.5 Australia
10.4.6 Rest of Asia Pacific
10.5 Middle East & Africa
10.5.1 UAE
10.5.2 Turkey
10.5.3 Iran
10.5.4 Saudi Arabia
10.5.5 South Africa
10.5.6 Rest of the Middle East & Africa
10.6 South America
10.6.1 Brazil
10.6.2 Argentina
10.6.3 Rest of South America

11 Competitive Landscape (Page No. – 136)
11.1 Overview
11.2 Market Ranking
11.3 Competitive Scenario
11.3.1 Expansions
11.3.2 Agreements
11.3.3 Acquisitions
11.3.4 Investments
11.3.5 Divestments
11.3.6 New Product Launches
11.3.7 Mergers
11.3.8 Joint Ventures
11.3.9 Partnerships

12 Company Profiles (Page No. – 147)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis & MWR View)*
12.1 Arcelormittal
12.2 Posco
12.3 Nippon Steel & Sumitomo Metal Corporation
12.4 JFE Holdings
12.5 Baosteel
12.6 Thyssenkrupp AG
12.7 Tata Steel
12.8 Outokumpu
12.9 Novolipetsk Steel
12.10 Vitkovice Steel
12.11 Essar Steel

Segmentation

By Steel Type:

  • Carbon steel
  • Alloy steel
  • Stainless steel

By Treatment:

  • Quenching & tempering
  • Normalizing
  • Spheroidizing
  • Stress relieving

By Application:

  • Construction
  • Industrial machinery
  • Automotive & defense vehicles
  • Shipbuilding
  • Energy & power

Major Companies

 ArcelorMittal (Luxembourg)

Thyssenkrupp AG (Germany)

POSCO (South Korea)

TATA Steel (India)

Baosteel (China)

Outokumpu (Finland)

JFE Holdings (Japan)

Nippon Steel & Sumitomo Metal Corporation (Japan)

Novolipetsk Steel (Russia), and Essar Steel (India).

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