Heat-Treated Steel Plates Market
Heat-Treated Steel Plates Market Size, Share, and Trends Analysis Report, By Type (Carbon, Alloy, and Stainless), By Process (Quenching & Tempering, Normalizing, Case Hardening, Annealing), By Application (Construction, Energy, Metalworking, Industrial Machinery & Equipment, Automotive & Transportation, and Others), Forecast Period (2022-2028) Update Available - Forecast 2024-2030
Heat-treated steel plates market is anticipated to grow at a CAGR of 3.2% during the forecast period. The rising demand for heat-treated steel plates from end-user industries such as construction, energy, metalworking, industrial machinery & equipment, and others is the major factor that is accelerating the industry growth. Apart from these, the rising demand for heat-treated steel plates from the shipbuilding industry globally is another prominent aspect of the market growth. Heat-treated steel plates are widely used in shipbuilding for applications, including offshore equipment, repair pieces, and structural parts. Asian countries are likely to create new growth opportunities due to rapid growth in the shipbuilding sector. Steel demand is expected to continue to grow steadily, particularly in Asia, and notably including India. According to Clarksons, China's shipbuilding totaled 22.8 million compensated gross tons accounting for 50% of the global total, in 2021.
Apart from these, significant collaboration and new product innovation by market players is another major factor that has boosted the heat-treated steel plates market growth. For instance, in July 2022, Tata Steel Nederland launched Zeremis Carbon Lite, steel with an allocated carbon footprint reduction of up to 100%. With Zeremis Carbon Lite the company meets a growing demand for low-CO2 steel, for instance in consumer-facing industries such as automotive, packaging, and white goods. In addition, in June 2018, to expand its product portfolio and global presence Nippon Steel Corp. acquired Ovako AB, a Sweden-based manufacturer of heat-treated steel plates and special steel.
Segmental Outlook
The global heat-treated steel plates market is segmented based on type, process, and application. Based on type, the market is sub-segmented into carbon, alloy, and stainless. Based on the process, the market is subdivided into quenching & tempering, normalizing, case hardening, and annealing. Among these, case hardening is projected to be the leading segment during the forecast period. The advantages offered by case hardenings such as high strength and hardness wear resistance complex structure formation, low cost and others make it an ideal process for heat-treated steel plate formation, thereby driving the segment growth. Based on application, the market is sub-categorized into construction, energy, metalworking, industrial machinery & equipment, automotive & transportation, and others. Automotive and transportation emerged as the largest segment in 2021. Rapid growth in the automotive sector and surging demand for commercial vehicles have boosted the demand for heat-treated steel plates to enhance the hardness and static and dynamic strength of components over quench and hardened steel.
Regional Outlook
Geographically, the global market is classified into four major regions including North America (the US and Canada), Europe (UK, Germany, France, Italy, Spain, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia-Pacific), and Rest of the World (Latin America and the Middle East and Africa (MEA)). Among these, the Asia-Pacific region is prognosticated to expand at the fastest rate owing to the availability of labor at cheaper rates and rise in the product demand in major economies of the region due to high consumption by end-user industries. Apart from these factors, the rapid growth in the urban population and the rise in the standards of living have further augmented product demand.
Global Heat-Treated Steel Plates Market Growth, By Region 2022-2028
North America Region to Have Considerable market size
Geographically, the North American region held a considerable market share in the market in 2021. The regional share is attributed to the increasing demand for heat-treated steel plates in the construction of buildings bridges and offshore structures. In addition, the growing aerospace manufacturing is also leading to high product demand. The surge in the number of construction projects across the region has boosted capacity expansion by leading market players. 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. The rapid growth in infrastructure development activities and rapid urbanization are expected to bring new growth opportunities to the market during the forecast period.
Market Players Outlook
The major market players in the global heat-treated steel plates market include ArcelorMittal S.A., Essar Steel, JFE Holdings, Inc., Nippon Steel Corporation, Novolipetsk Steel, Outokumpu Oyj, POSCO, Tata Steel Ltd., Thyssenkrupp AG, and among others. The market players are also contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, collaborations, and new product launches, to stay competitive in the market. For instance, in June 2022, Outokumpu expanded its product offering with its new emission-minimized product line, Circle Green. Through this product launch, the company will fulfill the global customer demand for low carbon footprint stainless steel, from construction to heavy industry and consumer products.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global heat-treated steel plates market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. BY Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.1.1.1. Overview
3.1.1.2. Financial Analysis
3.1.1.3. SWOT Analysis
3.1.1.4. Recent Developments
3.2. Key Strategy Analysis
4. Market Segmentation
4.1. Global Heat-Treated Steel Plates Market by Type
4.1.1. Carbon
4.1.2. Alloy
4.1.3. Stainless
4.2. Global Heat-Treated Steel Plates Market by Process
4.2.1. Quenching & Tempering
4.2.2. Normalizing
4.2.3. Case Hardening
4.2.4. Annealing
4.3. Global Heat-Treated Steel Plates Market by Application
4.3.1. Construction
4.3.2. Energy
4.3.3. Metalworking
4.3.4. Industrial Machinery & Equipment
4.3.5. Automotive & Transportation
4.3.6. Others
5. Regional Analysis
5.1. North America
5.1.1. US
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. Algoma Steel, Inc.
6.2. ArcelorMittal S.A.
6.3. Bisalloy Steel Group, Ltd.
6.4. China Baowu Steel Group Corp., Ltd.
6.5. Essar Steel
6.6. Evraz North America
6.7. Hyundai Steel Co., Ltd.
6.8. JFE Holdings, Inc.
6.9. Jiangsu Shagang Group
6.10. Jindal Steel & Power, Ltd.
6.11. JSW Steel USA
6.12. Nippon Steel Corp.
6.13. Novolipetsk Steel
6.14. Outokumpu Oyj
6.15. POSCO
6.16. Stanch Stainless Steel Co., Ltd.
6.17. Tata Steel Europe Ltd.
6.18. Thyssenkrupp AG
6.19. Triton Alloys, Inc.
6.20. Vítkovice Steel, A.S.
1. GLOBAL HEAT-TREATED STEEL PLATES MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
2. GLOBAL CARBON HEAT-TREATED STEEL PLATES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
3. GLOBAL ALLOY HEAT-TREATED STEEL PLATES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
4. GLOBAL STAINLESS HEAT-TREATED STEEL PLATES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
5. GLOBAL HEAT-TREATED STEEL PLATES MARKET RESEARCH AND ANALYSIS BY PROCESS, 2021-2028 ($ MILLION)
6. GLOBAL QUENCHING & TEMPERING PROCESS IN HEAT-TREATED STEEL PLATES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
7. GLOBAL NORMALIZING PROCESS IN HEAT-TREATED STEEL PLATES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
8. GLOBAL CASE HARDENING PROCESS IN HEAT-TREATED STEEL PLATES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
9. GLOBAL ANNEALING PROCESS IN HEAT-TREATED STEEL PLATES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
10. GLOBAL HEAT-TREATED STEEL PLATES MARKET RESEARCH AND ANALYSIS BY END-USER INDUSTRY, 2021-2028 ($ MILLION)
11. GLOBAL HEAT-TREATED STEEL PLATES IN CONSTRUCTION MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
12. GLOBAL HEAT-TREATED STEEL PLATES IN ENERGY MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
13. GLOBAL HEAT-TREATED STEEL PLATES IN METAL WORKING MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
14. GLOBAL HEAT-TREATED STEEL PLATES IN INDUSTRIAL MACHINERY & EQUIPMENT MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
15. GLOBAL HEAT-TREATED STEEL PLATES IN AUTOMOTIVE & TRANSPORTATION MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
16. GLOBAL HEAT-TREATED STEEL PLATES IN OTHERS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
17. GLOBAL HEAT-TREATED STEEL PLATES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
18. NORTH AMERICAN HEAT-TREATED STEEL PLATES MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
19. NORTH AMERICAN HEAT-TREATED STEEL PLATES MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
20. NORTH AMERICAN HEAT-TREATED STEEL PLATES MARKET RESEARCH AND ANALYSIS BY PROCESS, 2021-2028 ($ MILLION)
21. NORTH AMERICAN HEAT-TREATED STEEL PLATES MARKET RESEARCH AND ANALYSIS BY END-USER INDUSTRY, 2021-2028 ($ MILLION)
22. EUROPEAN HEAT-TREATED STEEL PLATES MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
23. EUROPEAN HEAT-TREATED STEEL PLATES MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
24. EUROPEAN HEAT-TREATED STEEL PLATES MARKET RESEARCH AND ANALYSIS BY PROCESS, 2021-2028 ($ MILLION)
25. EUROPEAN HEAT-TREATED STEEL PLATES MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
26. ASIA-PACIFIC HEAT-TREATED STEEL PLATES MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
27. ASIA-PACIFIC HEAT-TREATED STEEL PLATES MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
28. ASIA-PACIFIC HEAT-TREATED STEEL PLATES MARKET RESEARCH AND ANALYSIS BY PROCESS, 2021-2028 ($ MILLION)
29. ASIA-PACIFIC HEAT-TREATED STEEL PLATES MARKET RESEARCH AND ANALYSIS BY END-USER INDUSTRY, 2021-2028 ($ MILLION)
30. REST OF THE WORLD HEAT-TREATED STEEL PLATES MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
31. REST OF THE WORLD HEAT-TREATED STEEL PLATES MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
32. REST OF THE WORLD HEAT-TREATED STEEL PLATES MARKET RESEARCH AND ANALYSIS BY PROCESS, 2021-2028 ($ MILLION)
33. REST OF THE WORLD HEAT-TREATED STEEL PLATES MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
1. GLOBAL HEAT-TREATED STEEL PLATES MARKET SHARE BY TYPE, 2021 VS 2028 (%)
2. GLOBAL HEAT-TREATED STEEL PLATES MARKET SHARE BY PROCESS, 2021 VS 2028 (%)
3. GLOBAL HEAT-TREATED STEEL PLATES MARKET SHARE BY APPLICATION, 2021 VS 2028 (%)
4. GLOBAL HEAT-TREATED STEEL PLATES MARKET SHARE BY REGION, 2021 VS 2028 (%)
5. GLOBAL CARBON HEAT-TREATED STEEL PLATES MARKET SHARE BY REGION, 2021 VS 2028 (%)
6. GLOBAL ALLOY HEAT-TREATED STEEL PLATES MARKET SHARE BY REGION, 2021 VS 2028 (%)
7. GLOBAL STAINLESS HEAT-TREATED STEEL PLATES MARKET SHARE BY REGION, 2021 VS 2028 (%)
8. GLOBAL QUENCHING & TEMPERING PROCESS IN HEAT-TREATED STEEL PLATES MARKET SHARE BY REGION, 2021 VS 2028 (%)
9. GLOBAL NORMALIZING PROCESS IN HEAT-TREATED STEEL PLATES MARKET SHARE BY REGION, 2021 VS 2028 (%)
10. GLOBAL CASE HARDENING PROCESS IN HEAT-TREATED STEEL PLATES MARKET SHARE BY REGION, 2021 VS 2028 (%)
11. GLOBAL ANNEALING PROCESS IN HEAT-TREATED STEEL PLATES MARKET SHARE BY REGION, 2021 VS 2028 (%)
12. GLOBAL HEAT-TREATED STEEL PLATES IN CONSTRUCTION MARKET SHARE BY REGION, 2021 VS 2028 (%)
13. GLOBAL HEAT-TREATED STEEL PLATES IN ENERGY MARKET SHARE BY REGION, 2021 VS 2028 (%)
14. GLOBAL HEAT-TREATED STEEL PLATES IN METAL WORKING MARKET SHARE BY REGION, 2021 VS 2028 (%)
15. GLOBAL HEAT-TREATED STEEL PLATES IN INDUSTRIAL MACHINERY & EQUIPMENT MARKET SHARE BY REGION, 2021 VS 2028 (%)
16. GLOBAL HEAT-TREATED STEEL PLATES IN AUTOMOTIVE & TRANSPORTATION MARKET SHARE BY REGION, 2021 VS 2028 (%)
17. GLOBAL HEAT-TREATED STEEL PLATES IN OTHERS MARKET SHARE BY REGION, 2021 VS 2028 (%)
18. US HEAT-TREATED STEEL PLATES MARKET SIZE, 2021-2028 ($ MILLION)
19. CANADA HEAT-TREATED STEEL PLATES MARKET SIZE, 2021-2028 ($ MILLION)
20. UK HEAT-TREATED STEEL PLATES MARKET SIZE, 2021-2028 ($ MILLION)
21. FRANCE HEAT-TREATED STEEL PLATES MARKET SIZE, 2021-2028 ($ MILLION)
22. GERMANY HEAT-TREATED STEEL PLATES MARKET SIZE, 2021-2028 ($ MILLION)
23. ITALY HEAT-TREATED STEEL PLATES MARKET SIZE, 2021-2028 ($ MILLION)
24. SPAIN HEAT-TREATED STEEL PLATES MARKET SIZE, 2021-2028 ($ MILLION)
25. REST OF EUROPE HEAT-TREATED STEEL PLATES MARKET SIZE, 2021-2028 ($ MILLION)
26. INDIA HEAT-TREATED STEEL PLATES MARKET SIZE, 2021-2028 ($ MILLION)
27. CHINA HEAT-TREATED STEEL PLATES MARKET SIZE, 2021-2028 ($ MILLION)
28. JAPAN HEAT-TREATED STEEL PLATES MARKET SIZE, 2021-2028 ($ MILLION)
29. SOUTH KOREA HEAT-TREATED STEEL PLATES MARKET SIZE, 2021-2028 ($ MILLION)
30. REST OF ASIA-PACIFIC HEAT-TREATED STEEL PLATES MARKET SIZE, 2021-2028 ($ MILLION)
31. REST OF THE WORLD HEAT-TREATED STEEL PLATES MARKET SIZE, 2021-2028 ($ MILLION)
