The potential growth difference for the heat-treated steel plates market between 2021 and 2026 is 18120.00 thousand tons. To get the exact yearly growth variance and the Y-O-Y growth rate, Talk to our analyst.
Key Market Dynamics:
- Market Driver - The key factor driving the global heat-treated steel plates market growth is the growing demand from the construction industry. Carbon steel is widely used in commercial, residential, and industrial buildings and other public infrastructures such as bridges, tunnels, and highways. Steel is strong, lightweight, and ductile, which makes it suitable for use in the construction of buildings and other infrastructures. Many new global infrastructural developments, such as the construction of smart cities, tech parks, shopping malls, high-rise buildings, highways, and other public infrastructure contribute largely to the global construction industry. The demand for high-strength and cost-effective construction materials is increasing in the modern construction industry, which is expected to propel the demand for heat-treated steel plates during the forecast period.
- Market Challenges - The key challenge to the global heat-treated steel plates market growth is the growing preference for carbon fiber in automotive applications. The need for lightweight automobiles has increased the use of carbon fiber composites in automobiles. The use of carbon fiber composites can reduce automobile weight by 40%-50% and increase fuel efficiency by 30%-35%. Carbon-fiber-reinforced polymers are gradually being used in the large-scale production of luxury cars such as the BMW i8 and BMW 7. Regulations regarding fuel efficiency and emissions levels are compelling the automotive industry to reduce the weight of the vehicles, thereby creating challenges in the global heat-treated steel plates market. Such factors will negatively impact the growth of the market during the forecast period.
To learn about additional key drivers, trends, and challenges - Download our FREE Sample Report right now!
Segmentation Analysis
The heat-treated steel plates market report is segmented by End-user by volume (automotive and heavy machinery, construction and infrastructure, shipbuilding and off-shore structures, energy and power, and others), and Geography (APAC, Europe, North America, MEA, and South America).
The heat-treated steel plates market in the automotive and heavy machinery segment will be significant for revenue generation. The rise in environmental concerns and the development of new innovative technologies, such as hot stamping, to achieve cost and weight reduction, fuel economy expectations, and safety performance will increase the demand for heat-treated steel plates in the automobile industry, which will support the market growth in the coming years.
Download our sample report for additional insights into the contribution of all the segments
Some Companies Mentioned
The heat-treated steel plates market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
- ArcelorMittal SA
- Baosteel Group Corp.
- Essar Global Fund Ltd.
- JFE Holdings Inc.
- Nippon Steel Corp.
- NLMK Group
- Outokumpu Oyj
- POSCO
- Tata Sons Pvt. Ltd.
- ThyssenKrupp AG
- To gain access to more vendor profiles with their key offerings available with Technavio, Click Here
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Heat Treated Steel Plates Market Scope |
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Decelerate at a CAGR of 3.50% |
Market growth 2022-2026 |
18120.00 thousand tons |
Market structure |
Fragmented |
YoY growth (%) |
3.75 |
Performing market contribution |
APAC at 78% |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
ArcelorMittal SA, Baosteel Group Corp., Essar Global Fund Ltd., JFE Holdings Inc., Nippon Steel Corp., NLMK Group, Outokumpu Oyj, POSCO, Tata Sons Pvt. Ltd., and thyssenkrupp AG |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Key Topics Covered:
1. Executive Summary
1.1 Market Overview
Exhibit 01: Key Finding 1
Exhibit 02: Key Finding 1
Exhibit 03: Key Finding 2
Exhibit 04: Key Finding 3
Exhibit 05: Key Finding 4
Exhibit 06: Key Finding 5
Exhibit 07: Key Finding 5
2. Market Landscape
2.1 Market ecosystem
Exhibit 08: Parent market
Exhibit 09: Market characteristics
2.2 Value chain analysis
Exhibit 10: Value Chain Analysis: Steel
2.2.1 Inputs
2.2.2 Inbound logistics
2.2.3 Operations
2.2.4 Outbound logistics
2.2.5 Marketing and sales
2.2.6 After-sales and service
2.2.7 Support activities
2.2.8 Innovations
3. Market Sizing
3.1 Market segment analysis
Exhibit 11: Market segments
3.2 Market size 2021
3.3 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.4 Market outlook: Forecast for 2021 - 2026
Exhibit 13: Global - Market size and forecast 2021 - 2026 (thousand tons)
Exhibit 14: Global market: Year-over-year growth 2021 - 2026 (%)
4. Five Forces Analysis
4.1 Five Forces Summary
Exhibit 16: Five forces analysis 2021 & 2026
4.2 Bargaining power of buyers
Exhibit 17: Bargaining power of buyers
4.3 Bargaining power of suppliers
Exhibit 18: Bargaining power of suppliers
4.4 Threat of new entrants
Exhibit 19: Threat of new entrants
4.5 Threat of substitutes
Exhibit 20: Threat of substitutes
4.6 Threat of rivalry
Exhibit 21: Threat of rivalry
4.7 Market condition
Exhibit 22: Market condition - Five forces 2021
5 Market Segmentation by End-user by Volume
5.1 Market segments
Exhibit 22: End-user by Volume - Market share 2021-2026 (%)
5.2 Comparison by End-user by Volume
Exhibit 23: Comparison by End-user by Volume
5.3 Automotive and heavy machinery - Market size and forecast 2021-2026 ($ millions)
Exhibit 24: Automotive and heavy machinery - Market size and forecast 2021-2026 (thousand tons)
Exhibit 25: Automotive and heavy machinery - Year-over-year growth 2021-2026 (%)
5.4 Construction and infrastructure - Market size and forecast 2021-2026 ($ millions)
Exhibit 26: Construction and infrastructure - Market size and forecast 2021-2026 (thousand tons)
Exhibit 27: Construction and infrastructure - Year-over-year growth 2021-2026 (%)
5.5 Ship building and off-shore structures - Market size and forecast 2021-2026 ($ millions)
Exhibit 28: Ship building and off-shore structures - Market size and forecast 2021-2026 (thousand tons)
Exhibit 29: Ship building and off-shore structures - Year-over-year growth 2021-2026 (%)
5.6 Energy and power - Market size and forecast 2021-2026 ($ millions)
Exhibit 30: Energy and power - Market size and forecast 2021-2026 (thousand tons)
Exhibit 31: Energy and power - Year-over-year growth 2021-2026 (%)
5.7 Others - Market size and forecast 2021-2026 ($ millions)
Exhibit 32: Others - Market size and forecast 2021-2026 (thousand tons)
Exhibit 33: Others - Year-over-year growth 2021-2026 (%)
5.8 Market opportunity by End-user by Volume
Exhibit 34: Market opportunity by End-user by Volume
6. Customer landscape
6.1 Overview
Technavio's customer landscape matrix comparing Drivers or price sensitivity, Adoption lifecycle, importance in customer price basket, Adoption rate and Key purchase criteria
Exhibit 35: ?Customer landscape?
7. Geographic Landscape
7.1 Geographic segmentation
Exhibit 36: Market share by geography 2021-2026 (%)
7.2 Geographic comparison
Exhibit 37: Geographic comparison
7.3 APAC - Market size and forecast 2021-2026
Exhibit 38: APAC - Market size and forecast 2021-2026 (thousand tons)
Exhibit 39: APAC - Year-over-year growth 2021-2026 (%)
7.4 Europe - Market size and forecast 2021-2026
Exhibit 40: Europe - Market size and forecast 2021-2026 (thousand tons)
Exhibit 41: Europe - Year-over-year growth 2021-2026 (%)
7.5 North America - Market size and forecast 2021-2026
Exhibit 42: North America - Market size and forecast 2021-2026 (thousand tons)
Exhibit 43: North America - Year-over-year growth 2021-2026 (%)
7.6 MEA - Market size and forecast 2021-2026
Exhibit 44: MEA - Market size and forecast 2021-2026 (thousand tons)
Exhibit 45: MEA - Year-over-year growth 2021-2026 (%)
7.7 South America - Market size and forecast 2021-2026
Exhibit 46: South America - Market size and forecast 2021-2026 (thousand tons)
Exhibit 47: South America - Year-over-year growth 2021-2026 (%)
8. Drivers, Challenges, and Trends
8.1 Market drivers
8.1.1 Growing demand from the construction industry
8.1.2 Large scale funds in businesses and infrastructure
8.1.3 Increasing applications in machinery production
8.2 Market challenges
8.2.1 Growing preference for carbon fiber in automotive applications
8.2.2 Volatile prices of raw materials
8.2.3 Stringent regulations by authorities
Exhibit 48: Impact of drivers and challenges
8.3 Market trends
8.3.1 Increased penetration of heat-treated steel plates in industrial applications
8.3.2 Rising demand in the wind energy sector
8.3.3 Rapid increase in urbanization
9. Vendor Landscape
9.1 Overview
Exhibit 49: Vendor landscape
The potential for the disruption of the market landscape was moderate in 2020, and its threat is expected to remain unchanged by 2025.
9.2 Landscape disruption
Exhibit 50: ?Landscape disruption?
Exhibit 51: Industry risks
9.3 Competitive scenario
10. Vendor Analysis
10.1 Vendors covered
Exhibit 52: Vendors covered
10.2 Market positioning of vendors
Exhibit 53: ?Market positioning of vendors?
10.3 ArcelorMittal SA
Exhibit 54: ArcelorMittal SA - Overview
Exhibit 55: ArcelorMittal SA - Business segments
Exhibit 56: ArcelorMittal SA - Key offerings
Exhibit 57: ArcelorMittal SA - Segment focus
10.4 Baosteel Group Corp.
Exhibit 58: Baosteel Group Corp. - Overview
Exhibit 59: Baosteel Group Corp. - Product and service
Exhibit 60: Baosteel Group Corp. - Key offerings
10.5 Essar Global Fund Ltd.
Exhibit 61: Essar Global Fund Ltd. - Overview
Exhibit 62: Essar Global Fund Ltd. - Product and service
Exhibit 63: Essar Global Fund Ltd. - Key offerings
10.6 JFE Holdings Inc.
Exhibit 64: JFE Holdings Inc. - Overview
Exhibit 65: JFE Holdings Inc. - Business segments
Exhibit 66: JFE Holdings Inc. - Key offerings
Exhibit 67: JFE Holdings Inc. - Segment focus
10.7 Nippon Steel Corp.
Exhibit 68: Nippon Steel Corp. - Overview
Exhibit 69: Nippon Steel Corp. - Business segments
Exhibit 70: Nippon Steel Corp. - Key offerings
10.8 NLMK Group
Exhibit 72: NLMK Group - Overview
Exhibit 73: NLMK Group - Business segments
Exhibit 74: NLMK Group - Key offerings
Exhibit 75: NLMK Group - Segment focus
10.9 Outokumpu Oyj
Exhibit 76: Outokumpu Oyj - Overview
Exhibit 77: Outokumpu Oyj - Business segments
Exhibit 78: Outokumpu Oyj - Key offerings
Exhibit 79: Outokumpu Oyj - Segment focus
10.10 POSCO
Exhibit 80: POSCO - Overview
Exhibit 81: POSCO - Business segments
Exhibit 82: POSCO - Key offerings
Exhibit 83: POSCO - Segment focus
10.11 Tata Sons Pvt. Ltd.
Exhibit 84: Tata Sons Pvt. Ltd. - Overview
Exhibit 85: Tata Sons Pvt. Ltd. - Business segments
Exhibit 86: Tata Sons Pvt. Ltd. - Key offerings
Exhibit 87: Tata Sons Pvt. Ltd. - Segment focus
10.12 thyssenkrupp AG
Exhibit 88: thyssenkrupp AG - Overview
Exhibit 89: thyssenkrupp AG - Business segments
Exhibit 90: thyssenkrupp AG - Key offerings
Exhibit 91: thyssenkrupp AG - Segment focus
11. Appendix
11.1 Scope of the report
11.1.1Market definition
11.1.2 Objectives
11.1.3 Notes and Caveats
11.2 Currency conversion rates for US$
Exhibit 92: Currency conversion rates for US$
11.3 Research Methodology
Exhibit 93:Research Methodology
Exhibit 94:Validation techniques employed for market sizing
Exhibit 95: Information sources
11.4 List of abbreviations
Exhibit 96: List of abbreviations
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