Heat-Treated Steel Plates Market to Grow USD 133.54 billion in 2025 Worldwide Industry Players, Deployment, End-User, Technology

Global Heat-Treated Steel Plates Market is expected to reach USD 133.54 billion by 2025, from USD 102.20 billion in 2017, growing at a CAGR of 3.4% during the forecast period of 2018 to 2028. The upcoming market report contains data for historic years 2015 & 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.

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Market Definition: Global Heat-Treated Steel Plates Market
This market report defines the market trends and forecast the upcoming opportunities and threats of the global heat-treated steel plates market in the next 8 years. Heat-treated steel plates are that type of steel which have resisting scaling temperature of 500°C .These types of steel plates are widely used in construction, energy & power, industrial machinery, automotive & defence vehicles, & shipbuilding. .Bisalloy Company is involved in manufacturing and providing heat treated steel plates products. Some of them are bisalloy wear, bisalloy armour, bisalloy structural, bisalloy protection.

Rise in construction sector is one of the important applications for the growth of heat-treated steel plates markets .According to the article published by U.S. Census Bureau, in 2016, total construction has been increased by 6.5% as compared to the previous year. Due to this, the global heat treated steel plates market is anticipated to observed significant rise. According to the article published by worldsteel, in 2017, demand of steel rose by 0.3% as compared to the previous year. China is the major contributor and accounts for 45% of global steel demand. This has indirectly affected the market growth.

Competitive Analysis: Global Heat-Treated Steel Plates Market

The global heat-treated steel plates is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of heat-treated steel plates market for global, Europe, North America, Asia Pacific and South America.

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Major Market Drivers and Restraints:

Rise in demand from end-use industries
Growth in construction energy & power application
Growth in demand from the Asia Pacific region
Ability to reduce the weight of the structures.
Impact of economic downturn

Market Segmentation: Global Heat-Treated Steel Plates Market

The global heat-treated steel plates market is segmented based on steel type, treatment, application, and geographical segments.

Based on steel type, the global heat-treated steel plates market is segmented into carbon, alloy, and stainless.

On the basis of treatment, the global heat-treated steel plates market is segmented into quenching & tempering, normalizing, and stress relieving and others.

On the basis of application, the global heat-treated steel plates market is segmented into construction, energy, industrial machinery and others.
Based on geography, the global heat-treated steel plates market export covers data points for 28 countries across multiple geographies namely North America & South America, Europe, Asia-pacific and, middle east & Africa. some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa and, Brazil among others.

Major Market Competitors/Players: Global Heat-Treated Steel Plates Market
Some of the major players operating in the global heat-treated steel plates are ArcelorMittal, thyssenkrupp AG, POSCO , Tata Steel, Baosteel Group Hu ICP , Outokumpu , JFE Holdings, Inc., NIPPON STEEL & SUMITOMO METAL CORPORATION, NLMK., Essar Steel , Bloomberg L.P. Precision Steel Warehouse, AHT , JSW , ATI. METINVEST HOLDING, LLC, Stanch, Simplex Metal & Alloys. , Jindal Steel & Power Ltd. SHAGANG GROUP Inc , SAIL ,en.ansteel.cn , voestalpine AG ,hyundai-steel, among others.

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