The Global Heat-Treated Steel Plates Market is projected to reach USD 8,667.9 Million by 2028, and register a CAGR of 4.60%. Growing construction activities, large-scale investment in infrastructure manufacturing, and rapid urbanization in emerging economies are boosting growth in demand for heat-treated steel plates. The construction segment will account for the largest market share.
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Further key findings from the report suggest
- The automotive and transport segments accounted for the largest share and are expected to hold their position in the coming years. Growing demand from aircraft due to increased air passenger traffic and rapidly evolving electric vehicles are the main factors responsible for growth in the segment.
- The construction industry’s optimistic outlook in the emerging economies and increased investment in highways, railways, and bridges is projected to boost demand for heat-treated steel plates.
- Quenching and tempering are projected to witness sustained growth due to a growing need among end-use industries for enhanced hardness, toughness, and strength in different areas.
- Key players in the market include Nippon Steel Sumitomo Metal Corporation, Posco, ArcelorMittal, Baosteel, TATA Steel, Thyssenkrupp AG, Novolipetsk Steel, Essar Steel, JFE Holdings and Outokumpu, among others.
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For this report, Reports and Data have segmented into the global Heat-Treated Steel Plates Market based on Product, Manufacturing Process, Application, and region:
Steel Type Outlook (Revenue: USD Billion; Volume: Million Tons; 2018-2028)
Treatment Type Outlook (Revenue: USD Billion; Volume: Million Tons; 2018-2028)
- Quenching Hardening
- Case Hardening
Application Outlook (Revenue: USD Billion; Volume: Million Tons; 2018-2028)
- Industrial Machinery
To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/heat-treated-steel-plates-market
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