Press release
Shipbuilding Steel Plate Market: Growth Driven by Demand for New Ships, Technological Advancements, and Sustainability Trends
Shipbuilding Steel Plate Market
โถ ๐๐๐ญ ๐ ๐ฎ๐ฅ๐ฅ ๐๐๐๐๐ฌ๐ฌ ๐ญ๐จ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ฉ๐ฒ: https://www.wiseguyreports.com/sample-request?id=588928
Factors such as rising international trade, the expansion of the global shipping fleet, and investments in offshore oil and gas exploration are also contributing to market growth. Additionally, the shift towards environmentally friendly and energy-efficient ships, including those using alternative fuels, is influencing the demand for high-quality, advanced steel materials.
The Shipbuilding Steel Plate Market was valued at USD 5.27 billion in 2023 and is projected to grow from USD 5.48 billion in 2024 to USD 7.5 billion by 2032, at a CAGR of 4.01% during the forecast period (2024-2032). This growth is driven by the rising demand for new ship construction, repair, and technological advancements in steel plate production.
๐๐๐ฒ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐๐ง๐๐ฌ
Increased Demand for Ship Construction and Repair: The global demand for new ships and vessels, particularly in emerging economies, is fueling the need for shipbuilding steel plates. This demand is attributed to growing global trade, offshore exploration, and tourism.
Technological Advancements: The development of ultra-high-strength steel plates and advanced manufacturing techniques, such as laser cutting and robotic welding, is enhancing the efficiency and durability of ships. Additionally, the integration of digital technologies such as CAD and FEA is optimizing steel plate design.
Focus on Sustainability: With increasing environmental concerns, shipbuilders are adopting eco-friendly and lightweight steel plates, contributing to reduced emissions and improved fuel efficiency.
Growing Naval and Commercial Demand: The expansion of naval modernization programs and offshore exploration is driving the demand for shipbuilding steel plates, especially in countries like China, South Korea, and India.
๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐ข๐ฏ๐๐ซ๐ฌ
Rising Demand for New Ships: The global expansion of maritime trade, energy exploration, and tourism is driving the need for new ships, leading to an increased demand for steel plates.
Technological Advancements in Shipbuilding: The adoption of advanced manufacturing techniques such as robotic welding and laser cutting is improving the precision and efficiency of shipbuilding.
Focus on Maintenance and Repair: As ships age, regular maintenance and repairs are required, boosting the demand for steel plates for replacement and upgrades to meet new safety and environmental standards.
โถ ๐๐๐ค๐ ๐ ๐๐ข๐ซ๐๐๐ญ ๐๐ฎ๐ซ๐๐ก๐๐ฌ๐: https://www.wiseguyreports.com/checkout?currency=one_user-USD&report_id=588928
๐๐๐ซ๐ค๐๐ญ ๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ
๐๐ฒ ๐๐ก๐ข๐ฉ ๐๐ฒ๐ฉ๐:
Dry Cargo Ships: The largest segment, driven by the demand for raw material transport.
Tankers: Significant growth due to global energy demand.
Container Ships: Growth is tied to increasing global trade.
Offshore Vessels: Driven by offshore energy exploration.
Passenger Ships: Growth driven by increasing travel and tourism.
๐๐ฒ ๐๐ญ๐๐๐ฅ ๐๐ซ๐๐๐:
AH36 and EH36 dominate the market, offering high-strength and corrosion-resistant steel suitable for ship construction, particularly for hulls and decks.
๐๐ฒ ๐๐ฉ๐ฉ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง:
Hull: The largest share, driven by the need for durable and high-strength plates.
Superstructure and Decks: Gaining traction due to the demand for lightweight and corrosion-resistant materials.
Interior Structures: Moderate growth driven by lightweight and fire-resistant materials.
๐๐ฒ ๐๐๐ ๐ข๐จ๐ง:
Asia Pacific (APAC): The dominant market, with countries like China, South Korea, and India leading shipbuilding activities.
North America and Europe: Significant growth due to high demand for military and commercial vessels.
South America and Middle East & Africa: Moderate growth driven by increasing shipbuilding activities.
๐ ๐๐๐ฒ ๐๐๐ซ๐ค๐๐ญ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ
ArcelorMittal
POSCO
Hyundai Steel
Nippon Steel Corporation
Tata Steel
JFE Steel Corporation
๐ ๐๐๐ฅ๐ฏ๐ ๐ข๐ง๐ญ๐จ ๐๐๐ญ๐๐ข๐ฅ๐๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ: https://www.wiseguyreports.com/reports/shipbuilding-steel-plate-market
๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐ฆ๐๐ง๐ญ๐ฌ
Hyundai Heavy Industries secured a USD 1.2 billion order for six LNG carriers, signaling strong demand for new vessels.
China's shipbuilding sector has seen a surge in orders, driven by global vessel demand.
The Shipbuilding Steel Plate Market continues to evolve, driven by technological innovations, sustainability trends, and the growing need for modernized and efficient ships across the globe.
ยซ ยป ๐๐ซ๐๐ง๐๐ข๐ง๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐ข๐ง ๐๐ก๐๐ฆ๐ข๐๐๐ฅ๐ฌ ๐๐ง๐ ๐๐๐ญ๐๐ซ๐ข๐๐ฅ๐ฌ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ
Iodine 131 Market: https://www.wiseguyreports.com/reports/iodine-131-market
Natural Rubber Vacuum Membrane Market: https://www.wiseguyreports.com/reports/natural-rubber-vacuum-membrane-market
White Cement Clinker Market: https://www.wiseguyreports.com/reports/white-cement-clinker-market
R Propylene Carbonate Market: https://www.wiseguyreports.com/reports/r-propylene-carbonate-market
Ammonium Nitrate Prill Market: https://www.wiseguyreports.com/reports/ammonium-nitrate-prill-market
๐๐จ๐ง๐ญ๐๐๐ญ ๐๐ฌ
WISEGUY RESEARCH CONSULTANTS PVT LTD
Office No. 528, Amanora Chambers Pune - 411028 Maharashtra, India 411028
Sales +91 20 6912 2998
๐๐๐จ๐ฎ๐ญ ๐๐ข๐ฌ๐๐๐ฎ๐ฒ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ
We Are One Of The World's Largest Premium Market Research & Statistical Reports Centre
Wise Guy Reports is pleased to introduce itself as a leading provider of insightful market research solutions that adapt to the ever-changing demands of businesses around the globe. By offering comprehensive market intelligence, our company enables corporate organizations to make informed choices, drive growth, and stay ahead in competitive markets.
Integrity and ethical conduct are at the core of everything done within Wise Guy Reports. We ensure transparency, fairness, and integrity in all aspects of our business operations, including interactions with clients, partners, and stakeholders, by abiding by the highest ethical standards.
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 Shipbuilding Steel Plate Market: Growth Driven by Demand for New Ships, Technological Advancements, and Sustainability Trends here
News-ID: 3730680 • Views: โฆ
More Releases from Market Research Future (MRFR)
Payment Service Provider Market Projected to Hit USD 140.91 Billion at a 5.48% C โฆ
Market Overview:
The Payment Service Provider (PSP) market has witnessed substantial growth over the past decade, driven by the explosive rise in digital commerce, mobile payments, and cross-border transactions. As businesses strive to streamline payment processes and deliver frictionless experiences to customers, the demand for robust, secure, and scalable PSP solutions has surged.
PSPs serve as intermediaries between merchants and financial institutions, enabling the acceptance of electronic payments via multiple methodsโฆ
Boundary Scan Hardware Market Poised for Growth, Reaching USD 3.16 Billion by 20 โฆ
Market Overview:
The Boundary Scan Hardware Market has emerged as a crucial segment within the electronics testing and debugging industry, offering advanced solutions for fault detection and circuit verification in integrated circuits (ICs) and printed circuit boards (PCBs). Leveraging the IEEE 1149.1 standard, boundary scan commonly referred to as JTAG (Joint Test Action Group) provides a non-invasive and efficient testing methodology that minimizes the need for physical probes. Boundary Scan Hardwareโฆ
Metaverse for Automotive Market is Expected to Touch USD 123.51 Billion By 2034
Market Overview:
The Metaverse for Automotive Market is redefining how automakers, suppliers, and consumers interact in a digitally immersive world. With the integration of AR/VR, IoT, blockchain, and AI technologies, the automotive industry is stepping into the virtual realm to enhance everything from product design and manufacturing to marketing, sales, and customer service.
The global rise in digital transformation, coupled with increasing consumer demand for interactive and customized experiences, is fuelingโฆ
AGV Software Market to Grow at 10.82% CAGR, Hitting USD 6.46 Billion by 2034
Market Overview:
The AGV Software Market is rapidly evolving as industries shift towards intelligent automation and digital transformation in their logistics and material handling operations. AGV software acts as the brain of autonomous vehicles, enabling seamless navigation, scheduling, route optimization, fleet coordination, and task management. With the growing demand for efficient, contactless, and error-free logistics, AGV systems have found significant adoption across warehouses, manufacturing plants, ports, and healthcare facilities. AGV Softwareโฆ
More Releases for Ship
Ship Leasing Market to Eyewitness Massive Growth by 2030: Global Ship Lease, Fir โฆ
Advance Market Analytics published a new research publication on "Ship Leasing Market Insights, to 2028" with 232 pages and enriched with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the Ship Leasing market was mainly driven by the increasing R&D spending across the world. Some of the key players profiledโฆ
Cargo Shipping Market : Bulk Carriers, General Cargo Ship, Container Ship, Tanke โฆ
According to a new report published by Allied Market Research, titled, "Cargo Shipping Market," The global cargo shipping market size was valued at $2.2 trillion in 2021, and is projected to reach $4.2 trillion by 2031, growing at a CAGR of 7% from 2022 to 2031.
Asia-Pacific dominated the global cargo shipping market in 2021. China is expected to hold a dominant revenue share throughout the forecast period owing to theโฆ
Cargo Shipping Market : Bulk Carriers, General Cargo Ship, Container Ship, Tanke โฆ
According to a new report published by Allied Market Research, titled, "Cargo Shipping Market," The cargo shipping market was valued at $2.2 trillion in 2021, and is estimated to reach $4.2 trillion by 2031, growing at a CAGR of 7% from 2022 to 2031.
Asia-Pacific dominated the global cargo shipping market in 2021. China is expected to hold a dominant revenue share throughout the forecast period owing to the presence ofโฆ
Debut at the Port of Emden: Ship-to-Ship Refueling with LNG
โFill Her Up, Please!โ Siem Confucius, a 200-Meter-Long Car Carrier, Is Taking on LNG Fuel From the 108-Meter-Long LNG Bunker Ship Engie Zeebrugge.
Emden | 14. August 2020
It takes some eight hours for approximately 1500 metric tons of cryogenic (-163 degrees C) liquefied natural gas to transfer from ship to ship. The car carrier Siem Confucius had already called the Ems Quay in mid-June for loading vehicles at the Port ofโฆ
Ship Leasing Market Growth Scenario 2025 | Hamburg Commercial Bank, First Ship L โฆ
A latest study released by HTF MI on Global Ship Leasing Market covering key business segments and wide scope geographies to get deep dive analysed market data. The study is a perfect balance bridging both qualitative and quantitative information of Ship Leasing market. The study provides historical data (i.e. Volume** & Value) from 2013 to 2018 and forecasted till 2025*. Some are the key & emerging players that are partโฆ
Ship Solar Power System Installed on Large General Cargo Ship MV Panamana
Ship solar power system & associated equipment installed by crew whilst ship operated normally
Fukuoka, Japan โ 24th May 2019 โ Eco Marine Power (EMP) is pleased to announce its Aquarius MAS + Solar solution has been installed on the large general cargo ship MV Panamana. This installation was carried out by the shipโs crew with remote support provided by Zeaborn Ship Management (Singapore) Pte. Ltd. and EMP from Japan.โฆ
