The Heat-Treated Steel Plates Market was valued at $6.24 Billion in 2018 and is forecast to grow at a modest 4.6 % CAGR between 2018 and 2025, culminating in 2026 global sales of $xx.33 Billion.
Industry at a Glance.
Heat-treated steel plates are applied for changing the physical as well as mechanical features of steel without altering the shape of the steel. Heat treating is often used to alter the mechanical properties of a metallic alloy, manipulating properties such as the hardness, strength, toughness, ductility, and elasticity.
Rising demand for shipbuilding activities, offshore equipment, structural parts, specialized and modified vessels in emerging countries such as China, South Korea, Malaysia, and Singapore, is projected to propel the heat treated steel plates in the coming future.
Heat Treated Steel Plates is also playing a major role in construction, infrastructure, jet, and automotive manufacturing. For instant, U.S. government has sanctioned approximately $2.5 trillion to recover and renew the construction and infrastructure sector. Which is anticipated to push the infrastructure material with a noteworthy way over the forecast period.
Iran has a steel production capacity of 34 million tons per year. It has set a target to achieve an annual production capacity of 55 million tons and export about 25 million tons a year by 2025. The World Steel Association has ranked Iran as the world’s 11th biggest steel producer.
“Optimal Price Point (OPP) for Global Heat Treated Steel Plates”
Estimated Average product/ service cost – $ xx globally. However, with improving access and availability of options, OPP and range of acceptable Prices (RAP) are going to change. We at Ameri Research continuously track these prices with our proprietary pricing model.
Due to the wide array of products available in the market, pricing, positioning, and sales channel optimization play a vital role in the success of a product. On average, in Global Heat Treated Steel Plates are available at USD xxx- USD xxxx. However, high-end products are available at much higher prices. The prices in emerging countries and developed countries vary significantly due to the difference in purchasing power and availability of the latest products.
Global Heat Treated Steel Plates Market by “Key Process Categories”
We have segmented the Global Heat Treated Steel Plates-based on Key Process categories as Hardening & Tempering, Case Hardening, Annealing, Normalizing, and Others.
We have observed the rapid growth of Heat Treated Steel Plates followed by Case Hardening segment with a CAGR of x.8% and is expected to propel the market growth over the forecast period. It is a heat treatment process that produces a surface which is resistant to wear, while maintaining toughness and strength of the core. It also decreases the material usage and improves machinability and formability of the steel plate.
We also noticed the Hardening & Tempering segment anticipated to drive the market with a CAGR of 3.2% from 2018 to 2026. Hardening makes the metal more rigid but more brittle, and tempering, forgoes some hardness for increased toughness
Global Heat Treated Steel Plates Market by “Application Categories”
We have segmented the Global Heat Treated Steel Plates-based on Application Categories as Automotive & transportation, Metalworking, Industrial machinery & equipment, and Construction.
We have observed the rapid growth of Heat Treated Steel Plates followed by the Automotive & transportation segment has the largest market share of 51% in 2018 and is estimated to grow during the prediction period. These segments playing a crucial role in steel industry owing to its dynamic strength, hardness, handle the bending and rotating stress as well as frequently used in railways, marine and automotive parts.
We also noticed the Industrial machinery & equipment segment anticipated to drive the market with a CAGR of 5.8% from 2018 to 2026. Several machining equipment such as sanding, drilling, lathe equipment, edging, cutting, and grinding equipment. This equipment consists the strength, hardness and can sustained the temperature.
North America and Asia Pacific accounted for the maximum revenue share of over xx% in 2018 due to increased demand for Global Heat Treated Steel Plates followed by EU- Top 5 countries contribute $X.9 Billion in 2018 and expected to reach $x.5 Billion by 2026.
The Asia Pacific is having the largest market share in the global market in 2018. China and India used this factor to enhance their refinery capacity and freshwater production.
The North America region led the market and accounted for the second-largest share, in terms of developing market and End-use industries, in the global market. Factors such as large crude oil industry and refinery expansion.
“Competitive Landscape” and “Merger & Acquisition Insights”
The key market participants are Thyssenkrupp AG, Essar Steel, Novolipetsk Steel, ippon Steel Corporation, Baosteel, Tata Steel, ArcelorMittal, POSCO, Outokumpu, and JFE Holdings are few major players in Global Heat Treated Steel Plates markets. The Global Heat Treated Steel Plates market is fragmented with a large number of global & local players. Merger &Acquisitions, collaborations & new products launch are some of the major strategies adopted by key market players. Apart from this innovation & new product development are major focus areas for dominant companies.
Global Heat Treated Steel Plates Market by Key Process categories (Revenue, Million, 2018 – 2026)
- Hardening & Tempering
- Case Hardening
Global Heat Treated Steel Plates Market by Application Categories (Revenue, Million, 2018 – 2026)
- Automotive & transportation
- Industrial machinery & equipment
Global Heat Treated Steel Plates Market Regional Outlook (Revenue, USD Million, 2018-2026)
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
- South Africa
- Saudi Arabia
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