Heat-Treated Steel Plates Market Expected To Expand At A Steady CAGR Through 2023
Market Insights
Asia-Pacific
is projected to be the largest and the fastest growing regional market for
Heat-Treated Steel Plates during the forecast period owing to increasing
consumption of the product in manufacturing offshore structures and hydropower
stations. Rapid urbanization and industrialization are among the key factors of
growing demand for the product in this region. The emerging economies such as
China and India are focusing on generating power from renewable sources, which
is expected to boost the constructions of hydropower stations and fuel the
demand for heat-treated steel plates in the coming years. In addition, growing
use of the product in construction of storage tanks and pressure vessels in the
chemicals industry is likely to drive growth of the regional market during the
assessment period. Furthermore, growing offshore constructions in the region is
expected to propel the growth of heat-treated steel plates market during the
forecast period.
Segmental
Analysis
The Global Heat-Treated Steel Plates Market
has been categorized into type, treatment process, application, end-use
industry, and region.
On the basis of type, the global heat-treated
steel plates market has been segmented into carbon, alloy, stainless steel, and
clad.
Based on treatment process, the global
heat-treated steel plates market has been divided into annealing, hardening,
surface hardening, normalizing, spheroidizing, and others.
Bridges, buildings, ships, offshore
structures, hydro power stations, storage tanks, boilers and pressure vessels,
and machinery among others are the major application segments of the global
heat-treated steel plates market.
By end-use industry, the global heat-treated
steel plates market has been segmented as building & construction, energy
& power, shipbuilding, defense, and others.
Key Players
·
JFE Holdings Inc.
·
ArcelorMittal
·
Essar Steel
·
NLMK Group
·
Thyssenkrupp AG
·
Nippon Steel & Sumitomo Metal Corporation
·
POSCO
·
Tata Steel
·
Baosteel Group Hu
·
SAIL
·
SHAGANG GROUP Inc
·
VÍTKOVICE STEEL a.s.
·
Outokumpu
·
Meusburger Georg GmbH & Co KG
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Regional
Analysis
The US is anticipated to lead the market in
North America owing to the increasing demand of product in the offshore
constructions and manufacturing of various machine components in the
industries. Increasing exploration & production of oil and gas in the US
leading to a demand of high strength steel for building offshore construction
is expected to be the key factor of driving regional market growth during the
forecast period.
Heat-treated steel plates market in Latin
America and Middle East & Africa are estimated to witness substantial
growth during the forecast period. Most of the offshore constructions in the
Middle East region are aging and require repair and maintenance, due to which
the demand of product increases and expected to fuel market growth in the
coming years.
TABLE OF CONTENTS
1 Executive Summary
2 Scope Of The
Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research
Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Forecast Model
4 Market Landscape
4.1 Supply Chain Analysis
4.1.1 Raw Material Suppliers
4.1.2 Manufacturers/Producers
4.1.3 Distributors/Retailers/Wholesalers/E-Commerce
Merchants
4.1.4 End-Use Industry/Applications
4.2 Porter’s Five Forces Analysis
4.2.1 Threat Of New Entrants
4.2.2 Bargaining Power Of Buyers
4.2.3 Bargaining Power Of Suppliers
4.2.4 Threat Of Substitutes
4.2.5 Intensity Of Competitive Rivalry
5 Industry Overview
Of Global Heat-Treated Steel Plates Market
5.1 Introduction
5.2 Drivers
5.3 Restraints
5.4 Opportunities
5.5 Challenges
6 Market Trends
6.1 Introduction
6.2 Growth Trends
6.3 Impact Analysis
Continued….
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