DUBLIN, March 14, 2018 /PRNewswire/ --
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.
It is projected that the heat-treated steel plates market will grow from USD 102.36 Billion in 2017 to USD 121.77 Billion by 2022, at an estimated CAGR of 3.53%.
Rise in building & construction activities, large-scale investments in infrastructure & industrial sectors, and rapid urbanization in developing economies are boosting the growth of the heat-treated steel plates market. The construction segment is projected to account for the largest market share and dominate the market from 2017 to 2022. The growth in adoption and development of industrial machinery plays a key role in changing the market; this segment is projected to grow at the second-highest rate during the forecast period.
The segmentation for this report is based on steel type, treatment, application, and region. The energy & power segment is projected to be the fastest-growing segment in the heat-treated steel plates market during the forecast period. There are various heat-treated steel plates used in major boilers, pressure vessels, storage tanks, and other structural parts in the energy & power sector. The power sector requires these plates to withstand adverse conditions, such as high pressure and high temperature.
Heat-treated steel plates are used in construction, energy & power, industrial machinery, automotive & defense vehicles, and shipbuilding. The global market, in terms of application, was dominated by the construction industry in 2016. 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. Growth in construction expenditures in the non-residential sector will continue to support the demand for heat-treated steel plates.
The carbon steel type segment dominated the market in 2016, and is projected to be the fastest-growing application in the next five years, as a result of its economical price, easy availability, and wide application areas in manufacturing and construction industries.
Asia Pacific dominated the market for heat-treated steel plates in 2016. China contributes a major market share in the Asia Pacific market. Easy availability of raw materials and cheap labor, coupled with significant domestic demand, makes this market very attractive for industry participants. The growth in middle-class population and the rise in the standards of living of the population are expected to drive the demand for heat-treated steel plates due to the rise in demand for steel across various industries. The market in this region is growing rapidly due to the presence of numerous leading players.
In 2017, Asia Pacific is estimated as the largest consumer of heat-treated steel plates, with China, India, Japan, South Korea, and Australia being the major markets. The Asia Pacific heat-treated steel plates market is projected to register the highest CAGR during the forecast period. The growth of the building & construction industry and economic development in the region have led to the increase in demand for heat-treated steel plates.
Volatile raw material prices and excess supply of steel in some regions pose a challenge to the growth of the heat-treated steel plates market. 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.
Key Topics Covered:
1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Study Scope
1.3.1 Regional Scope
1.3.2 Years Considered for the Study
1.4 Currency Considered
1.5 Unit Considered
1.6 Stakeholders
2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.3 Primary Data
2.1.3.1 Key Data From Primary Sources
2.1.3.2 Breakdown of Primaries
2.2 Market Size Estimation
2.3 Data Triangulation
2.4 Research Assumptions & Limitations
3 Executive Summary
4 Premium Insights
4.1 Emerging Economies to Register High Growth in Terms of Demand for Heat-Treated Steel Plates
4.2 Heat-Treated Steel Plates Market, By Steel Type
4.3 Heat-Treated Steel Plates Market, By Application
4.4 Heat-Treated Steel Plates Market, By Treatment
4.5 Asia Pacific: Heat-Treated Steel Plates Market, By Application & Country
4.6 Heat-Treated Steel Plates Market: Country Snapshot
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Rise in Demand From End-Use Industries
5.2.1.2 Ability to Reduce the Weight of the Structures
5.2.1.3 Growth in Demand From the Asia Pacific Region
5.2.1.4 No Substitutes for Heat-Treated Steel Plates
5.2.2 Restraints
5.2.2.1 Matured Market
5.2.2.2 Impact of Economic Downturn
5.2.3 Opportunities
5.2.3.1 Imposition of Anti-Dumping Duties on Import
5.2.4 Challenges
5.2.4.1 Volatile Raw Material Prices
6 Industry Trends
6.1 Introduction
6.2 Supply Chain Analysis
6.3 Porter's Five Forces Analysis
6.3.1 Threat of New Entrants
6.3.2 Threat of Substitutes
6.3.3 Bargaining Power of Suppliers
6.3.4 Bargaining Power of Buyers
6.3.5 Intensity of Competitive Rivalry
6.4 Macroeconomic Overview
6.4.1 GDP & Contribution of the Construction Industry, By Country
6.4.2 Global Automotive Industry Outlook
7 Heat-Treated Steel Plates Market, By Steel Type
7.1 Introduction
7.2 Carbon Steel
7.3 Alloy Steel
7.4 Stainless Steel
8 Heat-Treated Steel Plates Market, By Treatment
8.1 Introduction
8.2 Quenching & Tempering
8.3 Normalizing
8.4 Spheroidizing
8.5 Stress Relieving
8.6 Others
9 Heat-Treated Steel Plates Market, By Application
9.1 Introduction
9.2 Construction
9.3 Energy & Power
9.4 Industrial Machinery
9.5 Automotive & Defense Vehicles
9.6 Shipbuilding
9.7 Others
10 Heat-Treated Steel Plates Market, By Region
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.2.4 Rest of North America
10.3 Europe
10.3.1 Germany
10.3.2 Russia
10.3.3 Italy
10.3.4 France
10.3.5 UK
10.3.6 Spain
10.3.7 Rest of Europe
10.4 Asia Pacific
10.4.1 China
10.4.2 India
10.4.3 Japan
10.4.4 South Korea
10.4.5 Australia
10.4.6 Rest of Asia Pacific
10.5 Middle East & Africa
10.5.1 UAE
10.5.2 Turkey
10.5.3 Iran
10.5.4 Saudi Arabia
10.5.5 South Africa
10.5.6 Rest of the Middle East & Africa
10.6 South America
10.6.1 Brazil
10.6.2 Argentina
10.6.3 Rest of South America
11 Competitive Landscape
11.1 Overview
11.2 Market Ranking
11.3 Competitive Scenario
11.3.1 Expansions
11.3.2 Agreements
11.3.3 Acquisitions
11.3.4 Investments
11.3.5 Divestments
11.3.6 New Product Launches
11.3.7 Mergers
11.3.8 Joint Ventures
11.3.9 Partnerships
12 Company Profiles
12.1 Arcelormittal
12.2 Posco
12.3 Nippon Steel & Sumitomo Metal Corporation
12.4 JFE Holdings
12.5 Baosteel
12.6 Thyssenkrupp AG
12.7 Tata Steel
12.8 Outokumpu
12.9 Novolipetsk Steel
12.10 Vitkovice Steel
12.11 Essar Steel
12.12 Other Players
12.12.1 Hyundai Steel
12.12.2 Voestalpine
12.12.3 Ansteel
12.12.4 Steel Authority of India Limited
12.12.5 Jiangsu Shagang Group
12.12.6 Jindal Steel & Power
12.12.7 Evraz North America
12.12.8 Simplex Metal & Alloys
12.12.9 Stanch Stainless Steel
12.12.10 Metinvest Holding
12.12.11 Allergheny Technologies
12.12.12 JSW Steel
12.12.13 Triton Alloys
12.12.14 Bisalloy Jigang (Shandong) Steel Plate
For more information about this report visit https://www.researchandmarkets.com/research/z4dp4c/heattreated?w=5
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