Ship Plate Market to Reach US$ 39.48 Billion by 2031, Growing at 5.2% CAGR During 2025-2031

Market Summary -

The global market for Ship Plate was estimated to be worth US$ 27.68 billion in 2024 and is forecast to a readjusted size of US$ 39.48 billion by 2031 with a CAGR of 5.2% during the forecast period 2025-2031.

According to QY Research, a new publication titled "Global Ship Plate Market Share and Ranking, Overall Sales and Demand Forecast 2025-2031" provides an in-depth, data-driven analysis of the global Ship Plate market to support informed decision-making and sustainable growth strategies. Authored by experienced market analysts and subject-matter experts, the report delivers accurate market data, validated insights, and actionable recommendations for industry participants. It evaluates historical performance alongside future forecasts to clearly explain competitive dynamics, key growth drivers, market challenges, and emerging opportunities. With detailed coverage of market dynamics, segmentation, leading companies, and regional trends, this comprehensive report serves as a reliable strategic resource for businesses looking to gain a competitive edge in the global Ship Plate market.

Get Full PDF Sample Copy of the Report: (Including Full TOC, Tables & Charts): https://qyresearch.in/request-sample/chemical-material-ship-plate-market-share-and-ranking-overall-sales-and-demand-forecast-2025-2031

This report provides a comprehensive assessment of recent tariff adjustments and international strategic countermeasures on Ship Plate cross-border industrial footprints, capital allocation patterns, regional economic interdependencies, and supply chain reconfigurations.

The ship plate is a hot rolled steel sheet produced to manufacture hull structures as required by the code of conduct. In the 1870s carbon was added to molten iron to make steel. Iron and steel were soon being used in ship production. These irons and steels were known as ABS (American Bureau of Shipping) iron and steel. They constitute specific types of iron and steel utilized to build ships. How they are manufactured and used is regulated by the ABS standardized grading and specification system.

As the global shipping industry moves towards large-scale, high-efficiency and low-carbonization, ship plates, as the core raw materials for shipbuilding, are becoming an important direction of the marine materials industry chain through technical upgrading and structural optimization. Ship plates are mainly divided into ordinary strength ship plates (such as A, B, D grades) and high-strength ship plates (such as AH32, DH36, EH40, etc.). The former are mostly used for offshore ships and small structural parts, while the latter are widely used in key load-bearing parts of the hull such as medium and large tankers, bulk carriers, container ships, chemical tankers, etc. to meet higher strength and corrosion resistance requirements. In recent years, with the rise of new green ship types such as LNG ships and dual-fuel ships, more stringent standards have been proposed for ship plates, such as low-temperature impact toughness, hydrogen embrittlement resistance, high strength-to-toughness ratio and welding adaptability.

The major global ship plate manufacturers include POSCO, JFE Steel, NSSMC, Baostee, Valin Xiangtan Steel, etc. The top five global manufacturers account for about 50% of the market share. Asia Pacific is the world's largest ship plate market, accounting for about 80% of the market share, followed by Europe and North America, which together account for about 10% of the market share.

Major Company Included: -

POSCO (South Korea)
JFE Steel (Japan)
Nippon Steel
Baosteel (China)
Valin Xiangtan Steel (China)
Chongqing Steel (China)
Ansteel (China)
Nanjing Steel (China)
Dongkuk (South Korea)
SD Steel (China)
Xinyu Steel (China)
Hyundai (South Korea)
ArcelorMittal (Luxembourg)
Shougang Group (China)

Recent Developments -

The future development of ship plates will revolve around four directions: higher strength grades (such as ultra-high strength steel) to reduce hull weight and improve cargo efficiency; stronger corrosion resistance to adapt to polar routes and long-term offshore operating environments; more functional composite ship plates to integrate noise reduction, flame retardant or anti-microbial adhesion properties; more environmentally friendly manufacturing processes to reduce carbon footprint and adapt to ESG standards. In addition, digital twins and intelligent manufacturing will also be integrated into the ship plate quality management and delivery system to improve production efficiency and full life cycle service capabilities.

For ship plate manufacturers, they should actively adapt to the trend of global shipping green transformation: on the one hand, they should accelerate the innovation of ship plate material systems and deploy new categories such as ultra-thick plates, high-alloy steel and nitrided steel; on the other hand, they should deepen the collaborative development mechanism with ship companies, classification societies, and shipping companies to create "customized ship plate solutions" and "batch full life cycle traceability system" to win core customers with differentiated service capabilities. At the same time, we also need to pay attention to the impact of the global carbon border adjustment mechanism (CBAM), and make preparations in advance for green smelting processes, LCA assessments, low-carbon product certification, etc., to ensure that we can maintain our dual commanding heights of technology and cost in the new round of shipbuilding industry upgrade cycle.

Market Drivers, Challenges & Restraints -

This section outlines the various elements influencing the trajectory of the Ship Plate market:

Key Growth Drivers -

- Supportive policy frameworks and regulatory reforms
- Advancement in product innovation and technological breakthroughs
- Growing demand in emerging application areas
- Shift in global supply chain structures

Restraints & Challenges -

- Regulatory uncertainties
- Competitive pricing pressures
- Operational risks
- Market-entry barriers

Market Segmentation and Regional -

By Type

General Strength Ship Plate
High Strength Ship Plate

By Application

Tankers
Bulk Carriers
Container Ships
Chemical Ships

The report provides valuable insights into the key segments of the global Ship Plate market, with a strong focus on CAGR, market size, market share, and future growth potential. The market is comprehensively segmented by product type, application, and region, with each segment thoroughly analyzed to identify growth prospects, demand patterns, and emerging trends. This detailed segmental analysis plays a crucial role in uncovering high-growth and high-return opportunities across the market. By offering precise data on product- and application-level demand, the report enables businesses to prioritize profitable segments and develop targeted strategies within the global Ship Plate market.

Regional Analysis -

✔ North America (U.S., Canada, China)
✔ Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
✔ Asia-Pacific (Japan, South Korea, China Taiwan, Southeast Asia, India)
✔ Middle East, Africa, Latin America (Brazil, Mexico, Turkey, Israel, GCC Countries)

Reasons to Procure this Report: -

►The research would help top administration/policymakers/professionals/product advancements/sales managers and stakeholders in this market in the following ways.

►The report provides Ship Plate market revenues at the worldwide, regional, and country-level with a complete analysis to 2028 permitting companies to analyze their market share and analyze projections, and find new markets to aim.

►The research includes the Ship Plate market split by different types, applications, technologies, and end-uses. This segmentation helps leaders plan their products and finances based on the upcoming development rates of each segment.

►Ship Plate market analysis benefits investors by knowing the scope and position of the market giving them information on key drivers, challenges, restraints, and expansion chances of the market and moderate threats.

►This report would help to understand competition better with a detailed analysis and key strategies of their competitors and plan their position in the business.

►The study helps evaluate Ship Plate business predictions by region, key countries, and top companies' information to channel their investments.

Key questions answered in the report include:

►This Ship Plate report gives all the information about the industry analysis, revenue, and overview, of this market.

►What will be the rate of increase in Ship Plate market size and growth rate by the end of the forecast period?

►What are the major global Ship Plate market trends influencing the development of the market?

►What are the vital results of SWOT analysis of the major players operating in the Ship Plate market?

►What are the potential growth opportunities and threats faced by Major competitors in the Ship Plate market?

►What are the market opportunities and threats faced by vendors in the Global Ship Plate market?

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Table of Contents - Major Key Points:

1 Market Overview
1.1 Ship Plate Product Introduction
1.2 Global Ship Plate Market Size Forecast
1.2.1 Global Ship Plate Sales Value (2020-2031)
1.2.2 Global Ship Plate Sales Volume (2020-2031)
1.2.3 Global Ship Plate Sales Price (2020-2031)
1.3 Ship Plate Market Trends & Drivers
1.3.1 Ship Plate Industry Trends
1.3.2 Ship Plate Market Drivers & Opportunity
1.3.3 Ship Plate Market Challenges
1.3.4 Ship Plate Market Restraints
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Competitive Analysis by Company
2.1 Global Ship Plate Players Revenue Ranking (2024)
2.2 Global Ship Plate Revenue by Company (2020-2025)
2.3 Global Ship Plate Players Sales Volume Ranking (2024)
2.4 Global Ship Plate Sales Volume by Company Players (2020-2025)
2.5 Global Ship Plate Average Price by Company (2020-2025)
2.6 Key Manufacturers Ship Plate Manufacturing Base and Headquarters
2.7 Key Manufacturers Ship Plate Product Offered
2.8 Key Manufacturers Time to Begin Mass Production of Ship Plate
2.9 Ship Plate Market Competitive Analysis
2.9.1 Ship Plate Market Concentration Rate (2020-2025)
2.9.2 Global 5 and 10 Largest Manufacturers by Ship Plate Revenue in 2024
2.9.3 Global Top Manufacturers by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Ship Plate as of 2024)
2.10 Mergers & Acquisitions, Expansion
3 Segmentation by Type
3.1 Introduction by Type
3.1.1 General Strength Ship Plate
3.1.2 High Strength Ship Plate
3.2 Global Ship Plate Sales Value by Type
3.2.1 Global Ship Plate Sales Value by Type (2020 VS 2024 VS 2031)
3.2.2 Global Ship Plate Sales Value, by Type (2020-2031)
3.2.3 Global Ship Plate Sales Value, by Type (%) (2020-2031)
3.3 Global Ship Plate Sales Volume by Type
3.3.1 Global Ship Plate Sales Volume by Type (2020 VS 2024 VS 2031)
3.3.2 Global Ship Plate Sales Volume, by Type (2020-2031)
3.3.3 Global Ship Plate Sales Volume, by Type (%) (2020-2031)
3.4 Global Ship Plate Average Price by Type (2020-2031)
4 Segmentation by Application
4.1 Introduction by Application
4.1.1 Tankers
4.1.2 Bulk Carriers
4.1.3 Container Ships
4.1.4 Chemical Ships
4.2 Global Ship Plate Sales Value by Application
4.2.1 Global Ship Plate Sales Value by Application (2020 VS 2024 VS 2031)
4.2.2 Global Ship Plate Sales Value, by Application (2020-2031)
4.2.3 Global Ship Plate Sales Value, by Application (%) (2020-2031)
4.3 Global Ship Plate Sales Volume by Application
4.3.1 Global Ship Plate Sales Volume by Application (2020 VS 2024 VS 2031)
4.3.2 Global Ship Plate Sales Volume, by Application (2020-2031)
4.3.3 Global Ship Plate Sales Volume, by Application (%) (2020-2031)
4.4 Global Ship Plate Average Price by Application (2020-2031)
5 Segmentation by Region
5.1 Global Ship Plate Sales Value by Region
5.1.1 Global Ship Plate Sales Value by Region: 2020 VS 2024 VS 2031
5.1.2 Global Ship Plate Sales Value by Region (2020-2025)
5.1.3 Global Ship Plate Sales Value by Region (2026-2031)
5.1.4 Global Ship Plate Sales Value by Region (%), (2020-2031)
5.2 Global Ship Plate Sales Volume by Region
5.2.1 Global Ship Plate Sales Volume by Region: 2020 VS 2024 VS 2031
5.2.2 Global Ship Plate Sales Volume by Region (2020-2025)
5.2.3 Global Ship Plate Sales Volume by Region (2026-2031)
5.2.4 Global Ship Plate Sales Volume by Region (%), (2020-2031)
5.3 Global Ship Plate Average Price by Region (2020-2031)
5.4 North America
5.4.1 North America Ship Plate Sales Value, 2020-2031
5.4.2 North America Ship Plate Sales Value by Country (%), 2024 VS 2031
5.5 Europe
5.5.1 Europe Ship Plate Sales Value, 2020-2031
5.5.2 Europe Ship Plate Sales Value by Country (%), 2024 VS 2031
5.6 Asia Pacific
5.6.1 Asia Pacific Ship Plate Sales Value, 2020-2031
5.6.2 Asia Pacific Ship Plate Sales Value by Region (%), 2024 VS 2031
5.7 South America
5.7.1 South America Ship Plate Sales Value, 2020-2031
5.7.2 South America Ship Plate Sales Value by Country (%), 2024 VS 2031
5.8 Middle East & Africa
5.8.1 Middle East & Africa Ship Plate Sales Value, 2020-2031
5.8.2 Middle East & Africa Ship Plate Sales Value by Country (%), 2024 VS 2031
6 Segmentation by Key Countries/Regions
6.1 Key Countries/Regions Ship Plate Sales Value Growth Trends, 2020 VS 2024 VS 2031
6.2 Key Countries/Regions Ship Plate Sales Value and Sales Volume
6.2.1 Key Countries/Regions Ship Plate Sales Value, 2020-2031
6.2.2 Key Countries/Regions Ship Plate Sales Volume, 2020-2031
6.3 United States
6.3.1 United States Ship Plate Sales Value, 2020-2031
6.3.2 United States Ship Plate Sales Value by Type (%), 2024 VS 2031
6.3.3 United States Ship Plate Sales Value by Application, 2024 VS 2031
6.4 Europe
6.4.1 Europe Ship Plate Sales Value, 2020-2031
6.4.2 Europe Ship Plate Sales Value by Type (%), 2024 VS 2031
6.4.3 Europe Ship Plate Sales Value by Application, 2024 VS 2031
6.5 China
6.5.1 China Ship Plate Sales Value, 2020-2031
6.5.2 China Ship Plate Sales Value by Type (%), 2024 VS 2031
6.5.3 China Ship Plate Sales Value by Application, 2024 VS 2031
6.6 Japan
6.6.1 Japan Ship Plate Sales Value, 2020-2031
6.6.2 Japan Ship Plate Sales Value by Type (%), 2024 VS 2031
6.6.3 Japan Ship Plate Sales Value by Application, 2024 VS 2031
6.7 South Korea
6.7.1 South Korea Ship Plate Sales Value, 2020-2031
6.7.2 South Korea Ship Plate Sales Value by Type (%), 2024 VS 2031
6.7.3 South Korea Ship Plate Sales Value by Application, 2024 VS 2031
6.8 Southeast Asia
6.8.1 Southeast Asia Ship Plate Sales Value, 2020-2031
6.8.2 Southeast Asia Ship Plate Sales Value by Type (%), 2024 VS 2031
6.8.3 Southeast Asia Ship Plate Sales Value by Application, 2024 VS 2031
6.9 India
6.9.1 India Ship Plate Sales Value, 2020-2031
6.9.2 India Ship Plate Sales Value by Type (%), 2024 VS 2031
6.9.3 India Ship Plate Sales Value by Application, 2024 VS 2031
7 Company Profiles
7.1 POSCO (South Korea)
7.1.1 POSCO (South Korea) Company Information
7.1.2 POSCO (South Korea) Introduction and Business Overview
7.1.3 POSCO (South Korea) Ship Plate Sales, Revenue, Price and Gross Margin (2020-2025)
7.1.4 POSCO (South Korea) Ship Plate Product Offerings
7.1.5 POSCO (South Korea) Recent Development
7.2 JFE Steel (Japan)
7.2.1 JFE Steel (Japan) Company Information
7.2.2 JFE Steel (Japan) Introduction and Business Overview
7.2.3 JFE Steel (Japan) Ship Plate Sales, Revenue, Price and Gross Margin (2020-2025)
7.2.4 JFE Steel (Japan) Ship Plate Product Offerings
7.2.5 JFE Steel (Japan) Recent Development
7.3 Nippon Steel
7.3.1 Nippon Steel Company Information
7.3.2 Nippon Steel Introduction and Business Overview
7.3.3 Nippon Steel Ship Plate Sales, Revenue, Price and Gross Margin (2020-2025)
7.3.4 Nippon Steel Ship Plate Product Offerings
7.3.5 Nippon Steel Recent Development
7.4 Baosteel (China)
7.4.1 Baosteel (China) Company Information
7.4.2 Baosteel (China) Introduction and Business Overview
7.4.3 Baosteel (China) Ship Plate Sales, Revenue, Price and Gross Margin (2020-2025)
7.4.4 Baosteel (China) Ship Plate Product Offerings
7.4.5 Baosteel (China) Recent Development
7.5 Valin Xiangtan Steel (China)
7.5.1 Valin Xiangtan Steel (China) Company Information
7.5.2 Valin Xiangtan Steel (China) Introduction and Business Overview
7.5.3 Valin Xiangtan Steel (China) Ship Plate Sales, Revenue, Price and Gross Margin (2020-2025)
7.5.4 Valin Xiangtan Steel (China) Ship Plate Product Offerings
7.5.5 Valin Xiangtan Steel (China) Recent Development
7.6 Chongqing Steel (China)
7.6.1 Chongqing Steel (China) Company Information
7.6.2 Chongqing Steel (China) Introduction and Business Overview
7.6.3 Chongqing Steel (China) Ship Plate Sales, Revenue, Price and Gross Margin (2020-2025)
7.6.4 Chongqing Steel (China) Ship Plate Product Offerings
7.6.5 Chongqing Steel (China) Recent Development
7.7 Ansteel (China)
7.7.1 Ansteel (China) Company Information
7.7.2 Ansteel (China) Introduction and Business Overview
7.7.3 Ansteel (China) Ship Plate Sales, Revenue, Price and Gross Margin (2020-2025)
7.7.4 Ansteel (China) Ship Plate Product Offerings
7.7.5 Ansteel (China) Recent Development
7.8 Nanjing Steel (China)
7.8.1 Nanjing Steel (China) Company Information
7.8.2 Nanjing Steel (China) Introduction and Business Overview
7.8.3 Nanjing Steel (China) Ship Plate Sales, Revenue, Price and Gross Margin (2020-2025)
7.8.4 Nanjing Steel (China) Ship Plate Product Offerings
7.8.5 Nanjing Steel (China) Recent Development
7.9 Dongkuk (South Korea)
7.9.1 Dongkuk (South Korea) Company Information
7.9.2 Dongkuk (South Korea) Introduction and Business Overview
7.9.3 Dongkuk (South Korea) Ship Plate Sales, Revenue, Price and Gross Margin (2020-2025)
7.9.4 Dongkuk (South Korea) Ship Plate Product Offerings
7.9.5 Dongkuk (South Korea) Recent Development
7.10 SD Steel (China)
7.10.1 SD Steel (China) Company Information
7.10.2 SD Steel (China) Introduction and Business Overview
7.10.3 SD Steel (China) Ship Plate Sales, Revenue, Price and Gross Margin (2020-2025)
7.10.4 SD Steel (China) Ship Plate Product Offerings
7.10.5 SD Steel (China) Recent Development
7.11 Xinyu Steel (China)
7.11.1 Xinyu Steel (China) Company Information
7.11.2 Xinyu Steel (China) Introduction and Business Overview
7.11.3 Xinyu Steel (China) Ship Plate Sales, Revenue, Price and Gross Margin (2020-2025)
7.11.4 Xinyu Steel (China) Ship Plate Product Offerings
7.11.5 Xinyu Steel (China) Recent Development
7.12 Hyundai (South Korea)
7.12.1 Hyundai (South Korea) Company Information
7.12.2 Hyundai (South Korea) Introduction and Business Overview
7.12.3 Hyundai (South Korea) Ship Plate Sales, Revenue, Price and Gross Margin (2020-2025)
7.12.4 Hyundai (South Korea) Ship Plate Product Offerings
7.12.5 Hyundai (South Korea) Recent Development
7.13 ArcelorMittal (Luxembourg)
7.13.1 ArcelorMittal (Luxembourg) Company Information
7.13.2 ArcelorMittal (Luxembourg) Introduction and Business Overview
7.13.3 ArcelorMittal (Luxembourg) Ship Plate Sales, Revenue, Price and Gross Margin (2020-2025)
7.13.4 ArcelorMittal (Luxembourg) Ship Plate Product Offerings
7.13.5 ArcelorMittal (Luxembourg) Recent Development
7.14 Shougang Group (China)
7.14.1 Shougang Group (China) Company Information
7.14.2 Shougang Group (China) Introduction and Business Overview
7.14.3 Shougang Group (China) Ship Plate Sales, Revenue, Price and Gross Margin (2020-2025)
7.14.4 Shougang Group (China) Ship Plate Product Offerings
7.14.5 Shougang Group (China) Recent Development
8 Industry Chain Analysis
8.1 Ship Plate Industrial Chain
8.2 Ship Plate Upstream Analysis
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.2.3 Manufacturing Cost Structure
8.3 Midstream Analysis
8.4 Downstream Analysis (Customers Analysis)
8.5 Sales Model and Sales Channels
8.5.1 Ship Plate Sales Model
8.5.2 Sales Channel
8.5.3 Ship Plate Distributors
9 Research Findings and Conclusion
10 Appendix
10.1 Research Methodology
10.1.1 Methodology/Research Approach
10.1.1.1 Research Programs/Design
10.1.1.2 Market Size Estimation
10.1.1.3 Market Breakdown and Data Triangulation
10.1.2 Data Source
10.1.2.1 Secondary Sources
10.1.2.2 Primary Sources
10.2 Author Details
10.3 Disclaimer

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