Press release
Heat-Treated Steel Plates Market to Witness Robust Expansion by 2028
The global heat-treated steel plates market is anticipated to grow at a CAGR of 3.2% during the forecast period. The global heat-treated steel plates market growth is driven by the increasing shipbuilding activities globally, especially in Asia-Pacific countries, such as Japan, South Korea, China, and Southeast Asian countries. Heat-treated steel plates are widely used in shipbuilding for applications, including offshore equipment, repair pieces, and structural parts. Demand for steel plates is projected to rise over the coming years due to the growth of the shipbuilding sector owing to carbo transportation. As per the UNCTAD, in 2016, 10,303 million tons of loads were transported through waterways, which increased to 11,055 million tons in 2019 and 10,631 million tons in 2020.To Request a Sample of our Report on Heat-Treated Steel Plates Market: https://www.omrglobal.com/request-sample/heat-treated-steel-plates-market
In addition, the increased inclination of cargo vessel manufacturers to develop better and more efficient container carriers of different sizes and capacities propels the demand for heat-treated steel plates. Furthermore, the increasing investment by ship manufacturers in eco-friendly ships and digital ship technology including hydrogen infrastructure is likely to boost the product demand during the forecast period. For instance, in September 2021, Hyundai Heavy revealed plans to use about $660 million to invest in future technologies which include digital ship technology. Apart from these, in March 2022, the National Shipbuilding Strategy (NSbS) invested $4.61 billion to galvanize and support shipyards and suppliers across the UK. The investment accelerated the shipbuilding activities along with heat-treated steel plate demand.
Market Coverage
The market number available for - 2021-2028
Base year- 2021
Forecast period- 2022-2028
Segment Covered-
By Type
By Process
By Application
Regions Covered-
North America
Europe
Asia-Pacific
Rest of the World
Competitive Landscape- ArcelorMittal S.A., Essar Steel, JFE Holdings, Inc., Nippon Steel Corporation, Novolipetsk Steel, Outokumpu Oyj, POSCO, Tata Steel Europe Ltd., Thyssenkrupp AG, among others.
A full Report of Heat-Treated Steel Plates Market is Available @ https://www.omrglobal.com/industry-reports/heat-treated-steel-plates-market
Heat-Treated Steel Plates Market Report by Segment
By Type
Carbon
Alloy
Stainless
By Process
Quenching & Tempering
Normalizing
Case Hardening
Annealing
By Application
Construction
Energy
Metalworking
Industrial Machinery & Equipment
Automotive & Transportation
Others
Heat-Treated Steel Plates Market Report by Region
North America
United States
Canada
Europe
UK
Germany
Spain
France
Italy
Rest of Europe
Asia-Pacific
India
China
Japan
South Korea
Rest of APAC
Rest of the World
Latin America
Middle East and Africa
Company Profiles
Algoma Steel, Inc.
ArcelorMittal S.A.
Bisalloy Steel Group, Ltd.
China Baowu Steel Group Corp., Ltd.
Essar Steel
Evraz North America
Hyundai Steel Co., Ltd.
JFE Holdings, Inc.
Jiangsu Shagang Group
Jindal Steel & Power, Ltd.
JSW Steel USA
Nippon Steel Corp.
Novolipetsk Steel
Outokumpu Oyj
POSCO
Stanch Stainless Steel Co., Ltd.
Tata Steel Europe Ltd.
Thyssenkrupp AG
Triton Alloys, Inc.
Vítkovice Steel, A.S.
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More than 120 countries are for analysis.
Over 100+ paid data sources mined for investigation.
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Media Contact:
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Contact Person: Mr. Anurag Tiwari
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Contact no: +91 7803040404
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.
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