Steel Plate Market Insights by Growing Trends and Demands Analysis to 2030

The global steel plate market size was significantly robust in 2021 and is expected to register rapid revenue CAGR over the forecast period.

The global steel plate market size was significantly robust in 2021 and is expected to register rapid revenue CAGR over the forecast period. Steel plates are helpful for changing the physical and mechanical characteristics of steel since they vary the form. This heat-treated procedure may be used to increase and improve its hardness, ductility, elasticity, and toughness. Heat treatment procedures are classified into four types: annealing, pooling, normalizing, and chilling. They are used to modify the mechanical and physical properties of ordinary steel without changing its form. Qualities such as durability, corrosion, and abrasion resistance are major factors driving market revenue growth.

Steel plate is just sheet material that may be cut and welded to create a more complex product. It is formed by compressing many steel layers together to produce a thin sheet or a plate. It is frequently used to reinforce foundations and support massive units of weight such as bridges. It also serves as a foundation for the development of bigger materials and non-workable sections. It is resistant to corrosion and abrasion. It is produced in a significantly wider variety of thicknesses than standard steel sheets. These plates are typically utilized in situations requiring a super-structural structure and unbreakable durability.

Top Companies Operating in the Global Steel Plate Market:

  • ArcelorMittal S.A.(Luxembourg)
  • Thyssenkrupp AG (Germany)
  • POSCO (South Korea)
  • TATA Iron Steel Co. Ltd. (India)
  • Baosteel Iron Steel Co. Ltd. (China)
  • Outokumpu Oyj (Finland)
  • JFE Holdings Co. Ltd. (Japan)
  • Nippon Steel Engineering Co. Ltd.
  • Sumitomo Metal Industry Ltd. (Japan)
  • Novolipetsk Steel Group (Russia)
  • Essar Steel India Ltd. (India)

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Major Factors Contributing to the Global Materials and Chemicals Market Revenue Growth

The global materials chemicals market revenue growth is primarily attributed to factors such as fast-paced industrialization across the globe, rising demand for essential consumer goods (including packaged foods beverages, personal care cosmetic products, and household hygiene products), and increasing applications of raw materials and chemicals in a wide range of industries including the buildings construction, food beverage, pharmaceutical, agriculture, and textile industries. Other important factors contributing to the global market revenue growth are increasing industrial applications of specialty chemicals, growing use of high-performance, organic agrochemicals in the agriculture industry, rising environmental concerns among the population, growing need for environmentally friendly and sustainable raw materials and chemicals, and increasing government investments in the materials chemicals industry.

Table of Contents:

  1. Report Overview 
    1.1 Research Scope
    1.2 Key Steel Plate market segments
    1.3 Major players
    1.4 Market analysis by product type
    1.5 Market analysis by application
    1.6 Report timeline
  2. Global Growth Trends
    2.1 Global Steel Plate market size
    2.2 Latest regional market trends
    2.3 Emerging growth trends
  3. Competitive Outlook
    3.1 Global Steel Plate market key players
    3.2 Global Steel Plate size by manufacturers
    3.3 Products of major players
    3.4 Entry barriers in the Steel Plate market
    3.5 Mergers, acquisitions, joint ventures, and other strategic alliances

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Key Regional Markets Covered in the Report:

  • North America (U.S.A., Canada, Mexico)
  • Europe (Italy, U.K., Germany, France, Rest of Europe)
  • Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
  • Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
  • Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)

Steel Plate Market Segmentation

Process Type Outlook (Revenue, USD Billion; 2019-2030)

  • Hardening Tempering
  • Case Hardening
  • Annealing
  • Normalizing

Application/End-Use Outlook (Revenue, USD Billion; 2019-2030)

  • Automotive Transportation
  • Metal Working
  • Industrial Machinery Equipment
  • Construction
  • Others

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