NEW YORK , April 7, 2022 /PRNewswire/ -- The "Heat Treated Steel Plates Market by Geography (APAC, Europe , North America , MEA, and South America ) & End Users by Volume (automotive and heavy machinery, construction and infrastructure, shipbuilding and off-shore structures, energy and power, and others) - Forecast and Analysis 2022-2026" report has been added to Technavio's offering. With ISO 9001:2015 certification, Technavio is proudly partnering with more than 100 Fortune 500 companies for over 16 years. 78% of the market's growth will originate from APAC during the forecast period. China , India , Japan , and Russian Federation are the key markets for heat-treated steel plates in APAC. Market growth in this region will be faster than the growth of the market in South America and Europe . The significant increase in the demand for heat-treated steel plates, owing to rapid industrialization and infrastructural developments, will facilitate the heat-treated steel plates market growth in APAC over the forecast period
The potential growth difference for the heat-treated steel plates market between 2021 and 2026 is 18120.00 thousand tons. To get the exact yearly growth variance and the Y-O-Y growth rate, Talk to our analyst.
Market Driver - The key factor driving the global heat-treated steel plates market growth is the growing demand from the construction industry. Carbon steel is widely used in commercial, residential, and industrial buildings and other public infrastructures such as bridges, tunnels, and highways. Steel is strong, lightweight, and ductile, which makes it suitable for use in the construction of buildings and other infrastructures. Many new global infrastructural developments, such as the construction of smart cities, tech parks, shopping malls, high-rise buildings, highways, and other public infrastructure contribute largely to the global construction industry. The demand for high-strength and cost-effective construction materials is increasing in the modern construction industry, which is expected to propel the demand for heat-treated steel plates during the forecast period.
Market Challenges - The key challenge to the global heat-treated steel plates market growth is the growing preference for carbon fiber in automotive applications. The need for lightweight automobiles has increased the use of carbon fiber composites in automobiles. The use of carbon fiber composites can reduce automobile weight by 40%-50% and increase fuel efficiency by 30%-35%. Carbon-fiber-reinforced polymers are gradually being used in the large-scale production of luxury cars such as the BMW i8 and BMW 7. Regulations regarding fuel efficiency and emissions levels are compelling the automotive industry to reduce the weight of the vehicles, thereby creating challenges in the global heat-treated steel plates market. Such factors will negatively impact the growth of the market during the forecast period.
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The heat-treated steel plates market report is segmented by End-user by volume (automotive and heavy machinery, construction and infrastructure, shipbuilding and off-shore structures, energy and power, and others), and Geography (APAC, Europe , North America , MEA, and South America ).
The heat-treated steel plates market in the automotive and heavy machinery segment will be significant for revenue generation. The rise in environmental concerns and the development of new innovative technologies, such as hot stamping, to achieve cost and weight reduction, fuel economy expectations, and safety performance will increase the demand for heat-treated steel plates in the automobile industry, which will support the market growth in the coming years.
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The heat-treated steel plates market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
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The sheet metal market share is expected to increase by USD 76.39 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 4.14%. Download a free sample now!
The stainless steel market share is expected to increase by 15836.08 thousand MT from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 5.35%. Download a free sample now!
Heat Treated Steel Plates Market Scope
Decelerate at a CAGR of 3.50%
Leading companies, competitive strategies, consumer engagement scope
ArcelorMittal SA, Baosteel Group Corp., Essar Global Fund Ltd., JFE Holdings Inc., Nippon Steel Corp., NLMK Group, Outokumpu Oyj, POSCO, Tata Sons Pvt. Ltd., and thyssenkrupp AG
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period.
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
Exhibit 10: Value Chain Analysis: Steel
Exhibit 12: Offerings of vendors included in the market definition
3.4 Market outlook: Forecast for 2021 - 2026
Exhibit 13: Global - Market size and forecast 2021 - 2026 (thousand tons)
Exhibit 14: Global market: Year-over-year growth 2021 - 2026 (%)
Exhibit 16: Five forces analysis 2021 & 2026
Exhibit 17: Bargaining power of buyers
Exhibit 18: Bargaining power of suppliers
Exhibit 19: Threat of new entrants
Exhibit 22: Market condition - Five forces 2021
5 Market Segmentation by End-user by Volume
Exhibit 22: End-user by Volume - Market share 2021-2026 (%)
5.2 Comparison by End-user by Volume
Exhibit 23: Comparison by End-user by Volume
5.3 Automotive and heavy machinery - Market size and forecast 2021-2026 ($ millions)
Exhibit 24: Automotive and heavy machinery - Market size and forecast 2021-2026 (thousand tons)
Exhibit 25: Automotive and heavy machinery - Year-over-year growth 2021-2026 (%)
5.4 Construction and infrastructure - Market size and forecast 2021-2026 ($ millions)
Exhibit 26: Construction and infrastructure - Market size and forecast 2021-2026 (thousand tons)
Exhibit 27: Construction and infrastructure - Year-over-year growth 2021-2026 (%)
5.5 Ship building and off-shore structures - Market size and forecast 2021-2026 ($ millions)
Exhibit 28: Ship building and off-shore structures - Market size and forecast 2021-2026 (thousand tons)
Exhibit 29: Ship building and off-shore structures - Year-over-year growth 2021-2026 (%)
5.6 Energy and power - Market size and forecast 2021-2026 ($ millions)
Exhibit 30: Energy and power - Market size and forecast 2021-2026 (thousand tons)
Exhibit 31: Energy and power - Year-over-year growth 2021-2026 (%)
5.7 Others - Market size and forecast 2021-2026 ($ millions)
Exhibit 32: Others - Market size and forecast 2021-2026 (thousand tons)
Exhibit 33: Others - Year-over-year growth 2021-2026 (%)
5.8 Market opportunity by End-user by Volume
Exhibit 34: Market opportunity by End-user by Volume
Technavio's customer landscape matrix comparing Drivers or price sensitivity, Adoption lifecycle, importance in customer price basket, Adoption rate and Key purchase criteria
Exhibit 36: Market share by geography 2021-2026 (%)
7.3 APAC - Market size and forecast 2021-2026
Exhibit 38: APAC - Market size and forecast 2021-2026 (thousand tons)
Exhibit 39: APAC - Year-over-year growth 2021-2026 (%)
7.4 Europe - Market size and forecast 2021-2026
Exhibit 40: Europe - Market size and forecast 2021-2026 (thousand tons)
Exhibit 41: Europe - Year-over-year growth 2021-2026 (%)
7.5 North America - Market size and forecast 2021-2026
Exhibit 42: North America - Market size and forecast 2021-2026 (thousand tons)
Exhibit 43: North America - Year-over-year growth 2021-2026 (%)
7.6 MEA - Market size and forecast 2021-2026
Exhibit 44: MEA - Market size and forecast 2021-2026 (thousand tons)
Exhibit 45: MEA - Year-over-year growth 2021-2026 (%)
7.7 South America - Market size and forecast 2021-2026
Exhibit 46: South America - Market size and forecast 2021-2026 (thousand tons)
Exhibit 47: South America - Year-over-year growth 2021-2026 (%)
8.1.1 Growing demand from the construction industry
8.1.2 Large scale funds in businesses and infrastructure
8.1.3 Increasing applications in machinery production
8.2.1 Growing preference for carbon fiber in automotive applications
8.2.2 Volatile prices of raw materials
Exhibit 48: Impact of drivers and challenges
8.3.1 Increased penetration of heat-treated steel plates in industrial applications
8.3.2 Rising demand in the wind energy sector
The potential for the disruption of the market landscape was moderate in 2020, and its threat is expected to remain unchanged by 2025.
Exhibit 53: ?Market positioning of vendors?
Exhibit 54: ArcelorMittal SA - Overview
Exhibit 55: ArcelorMittal SA - Business segments
Exhibit 56: ArcelorMittal SA - Key offerings
Exhibit 57: ArcelorMittal SA - Segment focus
Exhibit 58: Baosteel Group Corp. - Overview
Exhibit 59: Baosteel Group Corp. - Product and service
Exhibit 60: Baosteel Group Corp. - Key offerings
Exhibit 61: Essar Global Fund Ltd. - Overview
Exhibit 62: Essar Global Fund Ltd. - Product and service
Exhibit 63: Essar Global Fund Ltd. - Key offerings
Exhibit 64: JFE Holdings Inc. - Overview
Exhibit 65: JFE Holdings Inc. - Business segments
Exhibit 66: JFE Holdings Inc. - Key offerings
Exhibit 67: JFE Holdings Inc. - Segment focus
Exhibit 68: Nippon Steel Corp. - Overview
Exhibit 69: Nippon Steel Corp. - Business segments
Exhibit 70: Nippon Steel Corp. - Key offerings
Exhibit 72: NLMK Group - Overview
Exhibit 73: NLMK Group - Business segments
Exhibit 74: NLMK Group - Key offerings
Exhibit 75: NLMK Group - Segment focus
Exhibit 76: Outokumpu Oyj - Overview
Exhibit 77: Outokumpu Oyj - Business segments
Exhibit 78: Outokumpu Oyj - Key offerings
Exhibit 79: Outokumpu Oyj - Segment focus
Exhibit 81: POSCO - Business segments
Exhibit 82: POSCO - Key offerings
Exhibit 83: POSCO - Segment focus
Exhibit 84: Tata Sons Pvt. Ltd. - Overview
Exhibit 85: Tata Sons Pvt. Ltd. - Business segments
Exhibit 86: Tata Sons Pvt. Ltd. - Key offerings
Exhibit 87: Tata Sons Pvt. Ltd. - Segment focus
Exhibit 88: thyssenkrupp AG - Overview
Exhibit 89: thyssenkrupp AG - Business segments
Exhibit 90: thyssenkrupp AG - Key offerings
Exhibit 91: thyssenkrupp AG - Segment focus
11.2 Currency conversion rates for US$
Exhibit 92: Currency conversion rates for US$
Exhibit 94:Validation techniques employed for market sizing
About Us Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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