Heat-treated Steel Plates Market - By Treatment (Stress Relieving, Normalizing, Quenching & Tempering, and Others), By Steel Type (Alloy, Carbon, and Stainless), and By Application (Industrial Machinery, Energy & Power, Construction, and Others)-Global Industry Analytics, COVID-19 Business Impact, and Trends, 2020 – 2029

                                          
Abstract
                    
The global heat-treated steel plates market was estimated at over USD 87,393 million in 2018 and is projected to accrue USD 129,759 million by 2025 growing at a CAGR of nearly 6% during 2019-2025. The report offers valuation and analysis of the heat-treated steel plates market on a global as well as regional level. The study offers a comprehensive assessment of the industry competition, limitations, sales estimates, avenues, current & emerging trends, and industry-validated market data. The report offers historical data from 2016 to 2018 along with a forecast from 2019 to 2025 based on value (USD Million).

Introduction

Heat-treated steel plates are applied for changing the physical as well as mechanical features of steel without altering the shape of the steel. Apart from this, the heat-treated procedure assists in enhancing stiffness, elasticity, strength, and ductility of the steel.

Key Driving Factors

The massive demand for new edifices across the globe as a result of swift urbanization & industrialization will steer the growth of the heat treated steel plates industry over the forthcoming years. Additionally, the surge in the demand for steel in a plethora of end-use sectors will embellish the industry trends. Apparently, large-scale fund allocation for infrastructural & industrial growth will proliferate the expansion of the heat-treated steel plates industry over the upcoming years.

Additionally, the prominent rise in the construction activities across the globe will spearhead the expansion of the heat-treated steel plates industry over the forthcoming years.


Asia Pacific To Dominate Overall Market Growth By 2025

The growth of the regional market over the forecast period is owing to an increase in the use of steel across the surging building & construction activities. Furthermore, the flourishing construction sector will amplify the growth of the market in the Asia Pacific region over the forecast period. Furthermore, India and China are projected to be the key demand pockets of the regional market over the forecast timeline.

Key players influencing the growth of the heat-treated steel plates market and profiled in the report include Baosteel, Nippon Steel & Sumitomo Metal Corporation, Thyssenkrupp AG, Essar Steel, ArcelorMittal, JFE Holdings, TATA Steel, POSCO, Outokumpu, and Novolipetsk Steel.

The global heat-treated steel plates market is segmented as follows:

By Steel Type:

	Carbon steel
	Alloy steel
	Stainless steel

By Treatment:

	Quenching & tempering
	Normalizing
	Spheroidizing
	Stress relieving

By Application:

	Construction
	Industrial machinery
	Automotive & defense vehicles
	Shipbuilding
	Energy & power

By Region

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