Press release
Wear Resistant Steel Plate Market: Rising Demand for Durable Solutions Drives Growth
The wear-resistant steel plate has a three times longer lifespan than standard steel, and it is increasingly being used in heavy gear like earthmoving equipment. Growth in wear resistant steel plate market is mostly driven by its extensive usage in industries such as mining, construction, agriculture, and other industries.
๐๐ผ๐๐ป๐น๐ผ๐ฎ๐ฑ ๐๐ฟ๐ฒ๐ฒ ๐ฆ๐ฎ๐บ๐ฝ๐น๐ฒ ๐๐ผ๐ฝ๐ ๐ผ๐ณ ๐๐ต๐ถ๐ ๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐ -https://www.factmr.com/connectus/sample?flag=S&rep_id=522
๐ฆ๐ฒ๐ด๐บ๐ฒ๐ป๐๐ฎ๐๐ถ๐ผ๐ป ๐ผ๐ณ ๐ช๐ฒ๐ฎ๐ฟ-๐ฅ๐ฒ๐๐ถ๐๐๐ฎ๐ป๐ ๐ฆ๐๐ฒ๐ฒ๐น ๐ฃ๐น๐ฎ๐๐ฒ ๐๐ป๐ฑ๐๐๐๐ฟ๐ ๐ฅ๐ฒ๐๐ฒ๐ฎ๐ฟ๐ฐ๐ต
By Product :
A514
AR400
AR500
Other Products
By End-Use Industry :
Mining
Construction
Agriculture
Other Industries
By Region :
North America
Latin America
Europe
East Asia
South Asia & Oceania
MEA
๐๐ฒ๐ ๐๐๐๐๐ผ๐บ๐ถ๐๐ฎ๐๐ถ๐ผ๐ป ๐ผ๐ป ๐๐ต๐ถ๐ ๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐ ๐ณ๐ผ๐ฟ ๐ฆ๐ฝ๐ฒ๐ฐ๐ถ๐ณ๐ถ๐ฐ ๐ฅ๐ฒ๐๐ฒ๐ฎ๐ฟ๐ฐ๐ต ๐ฆ๐ผ๐น๐๐๐ถ๐ผ๐ป๐ -https://www.factmr.com/connectus/sample?flag=RC&rep_id=522
๐๐ฒ๐ ๐ง๐ฎ๐ธ๐ฒ๐ฎ๐๐ฎ๐๐ ๐ณ๐ฟ๐ผ๐บ ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐ฆ๐๐๐ฑ๐
The global wear-resistant steel plate market is projected to expand at a CAGR of 4.0% and be valued at US$ 43.1 billion by 2032
Europe is expected to reach a valuation of US$ 6.2 billion by the end of 2022
Under the end-use industry, the mining industry dominates the market and is valued at US$ 10.3 billion in 2022
Europe had a strong presence in the global market with a 21.2% market share in 2022
North America is expected to reach a valuation of US$ 4.4 billion by the end of 2022
๐๐ผ๐บ๐ฝ๐ฒ๐๐ถ๐๐ถ๐๐ฒ ๐๐ฎ๐ป๐ฑ๐๐ฐ๐ฎ๐ฝ๐ฒ:
Market players within the WRSP industry have been approaching the market through targeted organic and inorganic growth strategies. Market players are also involved in acquisitions and product launches to concrete their market position.
Players should increase their focus on establishing themselves in non-legacy markets through collaborations and partnerships. Strengthening the distribution network and long-term contracts with global WRSP suppliers in non-legacy markets should be the primary focus of market leaders.
In August 2022, China Baowu Steel Group Corporation Limited has announced the acquisition of Xinsteel.
In August 2021, Ansteel Group started the process of its merger with Ben Gang Group. This merger will make them the third-largest producer of steel.
๐๐ฒ๐ ๐๐ผ๐บ๐ฝ๐ฎ๐ป๐ถ๐ฒ๐ ๐ฃ๐ฟ๐ผ๐ณ๐ถ๐น๐ฒ๐ฑ
Ansteel Group Corporation
ArcelorMittal
Bisalloy Steel Group Limited
China Baowu Steel Group Corporation Limited
DHS - Dillinger Hรผtte Saarstahl AG
GIPO AG
JFE Holdings Incorporation
Nippon Steel & Sumitomo Metal Corporation
SSAB AB
Thyssenkrupp AG
๐๐ผ๐ฟ ๐ถ๐ป-๐ฑ๐ฒ๐ฝ๐๐ต ๐ฐ๐ผ๐บ๐ฝ๐ฒ๐๐ถ๐๐ถ๐๐ฒ ๐ฎ๐ป๐ฎ๐น๐๐๐ถ๐, ๐๐๐ ๐ก๐ผ๐ -https://www.factmr.com/checkout/522
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
Email : sales@factmr.com
Website : https://www.factmr.com
Market research and consulting agency with a difference! That's why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range - from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analysed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we'll be an able research partner.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Wear Resistant Steel Plate Market: Rising Demand for Durable Solutions Drives Growth here
News-ID: 3082668 • Views: โฆ
More Releases from Fact Mr
Global Feed Grain Market Gains Traction With $69.9 Billion Valuation Forecast by โฆ
The global feed grain market is a crucial pillar of the agricultural and animal husbandry sectors. Feed grains, such as corn, wheat, barley, oats, sorghum, and rye, form the foundation of livestock diets, fueling growth and productivity across poultry, cattle, swine, and aquaculture industries. With the growing global demand for meat, dairy, and animal-derived products, feed grains play an essential role in sustaining the supply chain. As the population increasesโฆ
Edible Food Perfumes Market Set to Flourish Amid Rising Culinary Innovations Glo โฆ
The global edible food perfumes market is undergoing a transformative shift, as the intersection of sensory indulgence and culinary innovation fuels demand for novel food experiences. Edible food perfumes-aromatic sprays or essences applied directly to food or used during preparation-are quickly emerging as a premium trend in the global food and beverage industry. Designed to enhance flavor perception through olfactory stimulation, these fragrances offer consumers a multisensory experience that elevatesโฆ
Global Alginate Market Gains Traction Amid Rising Demand Across Key Applications
The global alginate market is steadily gaining momentum, driven by the diverse applications of this natural polysaccharide in industries ranging from food and beverage to pharmaceuticals and textiles. Derived from brown seaweed, alginate has found increasing relevance due to its unique thickening, gelling, and stabilizing properties. As consumer preference shifts towards clean-label, plant-based, and environmentally sustainable ingredients, the demand for alginate is rising across the globe. The market is poisedโฆ
Global Food-Grade Molds Market Poised for Expansion With 3.2% CAGR Over the Next โฆ
The food industry is undergoing a remarkable transformation, driven by innovations in manufacturing technologies and increasing demand for quality, safety, and consistency. Among the many unsung heroes facilitating this evolution are food grade molds-essential tools that play a pivotal role in shaping, forming, and maintaining hygiene standards during food production. The global food grade molds market is witnessing significant expansion, fueled by advancements in food processing, increasing demand for customizedโฆ
More Releases for Steel
Steel Beams Market is Booming Worldwide with Steel Dynamics, JSW Steel, JFE Stee โฆ
HTF MI just released the Global Steel Beams Market Study, a comprehensive analysis of the market that spans more than 143+ pages and describes the product and industry scope as well as the market prognosis and status for 2025-2032. The marketization process is being accelerated by the market study's segmentation by important regions. The market is currently expanding its reach.
Major Giants in Steel Beams Market are:
ArcelorMittal (Luxembourg), Nippon Steel (Japan),โฆ
Special Ball Bearing Steel Market : Eminent Players - Nippon Steel, Suzhou Steel โฆ
Market Description -
Los Angeles, (United States) - The information made available in the Special Ball Bearing Steel report will definitely facilitate to increase the knowledge and decision-making skills of the business, thus providing an immense opportunity for growth. This will at last increase the return rate and drive the competitive edge within. Being a custom market report, it provides services tailored to the exact challenge. Whether it is survey work,โฆ
Miscellaneous Steel Detailing | Steel Detailer | Steel Detailing Services
We provide the highest quality of finished projects in the industry. Boasting unmatched turnaround times, and superb accuracy. WorldSteel Detailings has onboard team of experienced steel detailers and engineers with a wide range of experience from industrial and commercial projects to high rise buildings. By using innovative technologies and latest softwares, our structural steel detailing team provides accurate services as per your requirements based on country standards.Our steel detailing professionalsโฆ
What's driving the Structural Steel Market trends? ArcelorMittal, Tata Steel, Ni โฆ
A detailed study on โStructural Steel marketโ formulated by Market Study Report, LLC, puts together a concise analysis of the growth factors impacting the current business scenario across assorted regions. Significant information pertaining to the industryโs size, share, application, and statistics are also summed in the report in order to present an ensemble prediction. In addition, this report undertakes an accurate competitive analysis illustrating the status of market majors inโฆ
What's driving the Structural Steel Market trends? ArcelorMittal, Tata Steel, Ni โฆ
A detailed study on โStructural Steel marketโ formulated by Market Study Report, LLC, puts together a concise analysis of the growth factors impacting the current business scenario across assorted regions. Significant information pertaining to the industryโs size, share, application, and statistics are also summed in the report in order to present an ensemble prediction. In addition, this report undertakes an accurate competitive analysis illustrating the status of market majors inโฆ
What's driving the Structural Steel Market trends? ArcelorMittal, Tata Steel, Ni โฆ
A detailed study on โStructural Steel marketโ formulated by Market Study Report, LLC, puts together a concise analysis of the growth factors impacting the current business scenario across assorted regions. Significant information pertaining to the industryโs size, share, application, and statistics are also summed in the report in order to present an ensemble prediction. In addition, this report undertakes an accurate competitive analysis illustrating the status of market majors inโฆ
