Global Heat-treated Steel Plates Market Size study, by Steel Type, by Treatment, by Application, and Regional Forecasts 2022-2032

Description

The Global Heat-treated Steel Plates Market is valued approximately at USD 126.07 billion in 2023 and is anticipated to grow with a healthy growth rate of 3.53% over the forecast period 2024-2032. Heat-treated steel plates form a fundamental part of various industries by offering enhanced mechanical properties like increased strength, ductility, and wear resistance. These plates undergo specific treatment processes such as quenching, tempering, and stress relieving to achieve the desired performance attributes, making them indispensable for demanding applications in construction, energy production, and industrial machinery. Their critical role in enhancing safety and operational efficiency across sectors underscores the growing market demand.

The market's expansion is driven by the escalating construction activities globally, bolstered by increasing investments in infrastructure development. The energy sector, with its rising emphasis on renewable and non-renewable power generation, further fuels the demand for durable and high-performance steel plates. For instance, advancements in quenching and tempering technologies have enabled manufacturers to produce plates with superior fatigue resistance, extending their application to high-stress environments. However, the industry faces challenges such as high production costs and stringent environmental regulations, which may impede growth. Nevertheless, ongoing innovations and the adoption of sustainable manufacturing practices present promising opportunities for market players.

Key regions considered in the Global Heat-treated Steel Plates Market study include North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. In 2023, Asia Pacific dominated the market, driven by robust growth in industrial activities and construction projects, particularly in emerging economies like China and India. Europe and North America follow closely, leveraging advancements in manufacturing technologies and a focus on energy-efficient solutions. Meanwhile, Latin America and the Middle East & Africa are poised for substantial growth, supported by infrastructural development and industrial expansion.

Prominent players in the Global Heat-treated Steel Plates Market include Nippon Steel Corporation, ArcelorMittal, JFE Steel Corporation, Tata Steel, Essar Steel, POSCO, Thyssenkrupp AG, SSAB AB, Outokumpu, United States Steel Corporation, Baosteel Group Corporation, Nucor Corporation, Ansteel Group Corporation, Hyundai Steel, and Voestalpine AG.

The detailed segments and sub-segments of the market are explained below:

By Steel Type

Carbon
Alloy
Stainless

By Treatment

Quenching & Tempering
Normalizing
Stress Relieving

By Application

Construction
Energy
Industrial Machinery

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
Rest of Europe
Asia Pacific
China
India
Japan
Australia
South Korea
Rest of Asia Pacific
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Years considered for the study are as follows:

Historical year: 2022
Base year: 2023
Forecast period: 2024 to 2032

Key Takeaways:

Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and regional-level analysis for each market segment.
Detailed analysis of the geographical landscape with country-level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approaches.
Analysis of the competitive structure of the market.
Demand-side and supply-side analysis of the market.

Chapter 1. Global Heat-treated Steel Plates Market Executive Summary 1.1. Global Heat-treated Steel Plates Market Size & Forecast (2022-2032)

1.2. Regional Summary
1.3. Segmental Summary
- 1.3.1. By Steel Type
- 1.3.2. By Treatment
- 1.3.3. By Application
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Heat-treated Steel Plates Market Definition and Research Assumptions 2.1. Research Objective

2.2. Market Definition
2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
  - 2.3.3.1. Availability
  - 2.3.3.2. Infrastructure
  - 2.3.3.3. Regulatory Environment
  - 2.3.3.4. Market Competition
  - 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
  - 2.3.4.1. Regulatory Frameworks
  - 2.3.4.2. Technological Advancements
  - 2.3.4.3. Environmental Considerations
  - 2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

Chapter 3. Global Heat-treated Steel Plates Market Dynamics 3.1. Market Drivers

3.1.1. Escalating Global Construction Activities
3.1.2. Rising Demand in the Energy Sector
3.1.3. Technological Advancements in Heat Treatment Processes

3.2. Market Challenges
- 3.2.1. High Production Costs
- 3.2.2. Stringent Environmental Regulations
3.3. Market Opportunities
- 3.3.1. Innovation in Sustainable Manufacturing Practices
- 3.3.2. Expansion in Emerging Markets
- 3.3.3. Increased Adoption in Industrial Machinery

Chapter 4. Global Heat-treated Steel Plates Market Industry Analysis 4.1. Porter's 5 Force Model

4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter's 5 Force Model
4.1.7. Porter's 5 Force Impact Analysis

4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top Investment Opportunities
4.4. Top Winning Strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Heat-treated Steel Plates Market Size & Forecasts by Steel Type 2022-2032 5.1. Segment Dashboard

5.2. Global Heat-treated Steel Plates Market: Steel Type Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 5.2.1. Carbon
- 5.2.2. Alloy
- 5.2.3. Stainless

Chapter 6. Global Heat-treated Steel Plates Market Size & Forecasts by Treatment 2022-2032 6.1. Segment Dashboard

6.2. Global Heat-treated Steel Plates Market: Treatment Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 6.2.1. Quenching & Tempering
- 6.2.2. Normalizing
- 6.2.3. Stress Relieving

Chapter 7. Global Heat-treated Steel Plates Market Size & Forecasts by Application 2022-2032 7.1. Segment Dashboard

7.2. Global Heat-treated Steel Plates Market: Application Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 7.2.1. Construction
- 7.2.2. Energy
- 7.2.3. Industrial Machinery

Chapter 8. Global Heat-treated Steel Plates Market Size & Forecasts by Region 2022-2032 8.1. North America Heat-treated Steel Plates Market

8.1.1. U.S. Heat-treated Steel Plates Market
- 8.1.1.1. Carbon Steel Breakdown Size & Forecasts, 2022-2032
- 8.1.1.2. Application Breakdown Size & Forecasts, 2022-2032
8.1.2. Canada Heat-treated Steel Plates Market

8.2. Europe Heat-treated Steel Plates Market
- 8.2.1. UK Heat-treated Steel Plates Market
- 8.2.2. Germany Heat-treated Steel Plates Market
- 8.2.3. France Heat-treated Steel Plates Market
- 8.2.4. Spain Heat-treated Steel Plates Market
- 8.2.5. Italy Heat-treated Steel Plates Market
- 8.2.6. Rest of Europe Heat-treated Steel Plates Market
8.3. Asia-Pacific Heat-treated Steel Plates Market
- 8.3.1. China Heat-treated Steel Plates Market
- 8.3.2. India Heat-treated Steel Plates Market
- 8.3.3. Japan Heat-treated Steel Plates Market
- 8.3.4. Australia Heat-treated Steel Plates Market
- 8.3.5. South Korea Heat-treated Steel Plates Market
- 8.3.6. Rest of Asia Pacific Heat-treated Steel Plates Market
8.4. Latin America Heat-treated Steel Plates Market
- 8.4.1. Brazil Heat-treated Steel Plates Market
- 8.4.2. Mexico Heat-treated Steel Plates Market
- 8.4.3. Rest of Latin America Heat-treated Steel Plates Market
8.5. Middle East & Africa Heat-treated Steel Plates Market
- 8.5.1. Saudi Arabia Heat-treated Steel Plates Market
- 8.5.2. South Africa Heat-treated Steel Plates Market
- 8.5.3. Rest of Middle East & Africa Heat-treated Steel Plates Market

Chapter 9. Competitive Intelligence 9.1. Key Company SWOT Analysis

9.1.1. Nippon Steel Corporation
9.1.2. ArcelorMittal
9.1.3. JFE Steel Corporation

9.2. Top Market Strategies
9.3. Company Profiles
- 9.3.1. Nippon Steel Corporation
  - 9.3.1.1. Key Information
  - 9.3.1.2. Overview
  - 9.3.1.3. Financial (Subject to Data Availability)
  - 9.3.1.4. Product Summary
  - 9.3.1.5. Market Strategies
- 9.3.2. ArcelorMittal
- 9.3.3. JFE Steel Corporation
- 9.3.4. Tata Steel
- 9.3.5. Essar Steel
- 9.3.6. POSCO
- 9.3.7. Thyssenkrupp AG
- 9.3.8. SSAB AB
- 9.3.9. Outokumpu
- 9.3.10. United States Steel Corporation

Chapter 10. Research Process 10.1. Research Process

10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing

10.2. Research Attributes