DUBLIN--(BUSINESS WIRE)--The "Heat-treated Steel Plates Market by Steel Type (Carbon, Alloy, and Stainless), Treatment (Quenching & Tempering, Normalizing, and Stress Relieving), Application (Construction, Energy, Industrial Machinery), and Region - Global Forecast to 2022" report has been added to ResearchAndMarkets.com's offering.
The heat-treated steel plates market size is projected to grow at a CAGR of 3.53%, and reach USD 121.77 billion by 2022 from USD 102.36 billion in 2017.
The market is driven by factors such as rapid urbanization, rise in construction activities in emerging economies, and large-scale investments in the industrial and infrastructure sectors.
The carbon steel segment is projected to grow at the highest rate, because of its increasing demand from manufacturing and construction industries. The presence of high carbon content lowers the melting point and temperature-resistance of the steel plate. This property of carbon steel is further boosting the demand for carbon heat-treated steel plates.
The Asia Pacific region is projected to be the fastest-growing market during the forecast period. Factors such as the rise in population and increase in income levels are driving the per capita spending on construction. The markets in China and India are projected to be lucrative due to their rising middle-class population and increasing consumer spending on construction sectors.
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.
- Rise in Demand From End-Use Industries
- Ability to Reduce the Weight of the Structures
- Growth in Demand From the Asia Pacific Region
- No Substitutes for Heat-Treated Steel Plates
- Matured Market
- Impact of Economic Downturn
- Imposition of Anti-Dumping Duties on Import
- Volatile Raw Material Prices
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Heat-Treated Steel Plates Market, by Steel Type
8 Heat-Treated Steel Plates Market, by Treatment
9 Heat-Treated Steel Plates Market, by Application
10 Heat-Treated Steel Plates Market, by Region
11 Competitive Landscape
12 Company Profiles
- Allergheny Technologies
- Bisalloy Jigang (Shandong) Steel Plate
- Essar Steel
- Evraz North America
- Hyundai Steel
- JFE Holdings
- JSW Steel
- Jiangsu Shagang Group
- Jindal Steel & Power
- Metinvest Holding
- Nippon Steel & Sumitomo Metal Corporation
- Novolipetsk Steel
- Simplex Metal & Alloys
- Stanch Stainless Steel
- Steel Authority of India Limited
- Tata Steel
- Thyssenkrupp AG
- Triton Alloys
- Vitkovice Steel
For more information about this report visit https://www.researchandmarkets.com/research/9nk9vl/global?w=4