Heat Treated Steel Plates Market by End-user by Volume and Geography - Forecast and Analysis 2022-2026

Published: Mar 2022 Pages: 120 SKU: IRTNTR72991

The heat treated steel plates market share is expected to increase by 18120.00 thousand tons from 2021 to 2026, at a CAGR of 3.50%.

This heat treated steel plates market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers heat treated steel plates market segmentation 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 report also offers information on several market vendors, including 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 among others.

What will the Heat Treated Steel Plates Market Size be During the Forecast Period?

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Heat Treated Steel Plates Market: Key Drivers, Trends, and Challenges

The growing demand from the construction industry is notably driving the heat treated steel plates market growth, although factors such as growing preference for carbon fiber in automotive applications may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the heat treated steel plates industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Heat Treated Steel Plates Market Driver

One of the key factors 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.

Key Heat Treated Steel Plates Market Trend

Increased penetration of heat-treated steel plates in industrial applications is one of the key heat treated steel plates market trends that is expected to impact the industry positively in the forecast period. Heat-treated steel plates are used in many industrial applications for the storage and conveyance of liquid, air, and gas. Stainless steel retains and enhances the strength of heat-treated steel plates. It also enhances the appearance of the surface and prevents corrosion. Thus, it improves the safety performance of vehicles, which is a primary requirement for modern automobiles. Superior mechanical and corrosion resistance properties of heat-treated steel plates are driving their use in industrial applications. Such factors will further support the growth of the market during the forecast years.

Key Heat Treated Steel Plates Market Challenge

One of the key challenges 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.

This heat treated steel plates market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global heat treated steel plates market as a part of the global steel market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the heat treated steel plates market during the forecast period.

Who are the Major Heat Treated Steel Plates Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • ArcelorMittal SA
  • Baosteel Group Corp.
  • Essar Global Fund Ltd.
  • JFE Holdings Inc.
  • Nippon Steel Corp.
  • NLMK Group
  • Outokumpu Oyj
  • POSCO
  • Tata Sons Pvt. Ltd.
  • thyssenkrupp AG

 

This statistical study of the heat treated steel plates market encompasses successful business strategies deployed by the key vendors. The heat treated steel plates market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

  • ArcelorMittal SA - Through the ACIS segment, the company offers a combination of flat, long, and tubular products through its facilities, which are located in Africa and the Commonwealth of Independent States.

  • ArcelorMittal SA - The company offers high carbon and quenchable steel hot rolled steel plates and coil for hardening and wear resistance.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The heat treated steel plates market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Heat Treated Steel Plates Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the heat treated steel plates market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Heat Treated Steel Plates Market?

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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. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

In 2020, the outbreak of COVID-19 affected the growth of the market, as there was a decline in the demand for heat-treated steel plates products from end-users such as oil and gas, construction, and automotive. For instance, in Q1 2020, China witnessed a decline of more than 40% in automotive sales compared with that in Q1 2019. Owing to lockdown measures in 2020, various government-imposed restrictions on the movement of vehicles and individuals that affected the import and export of heat-treated steel plates products in the region. However, the recovery of economies from the COVID-19-induced crisis and the reopening of several manufacturing facilities are anticipated to drive the growth of the market in the region during the forecast period. The market in APAC is dominated by various players such as Essar Steel, and TATA Steel Ltd. These vendors are implementing various strategic alliances such as new product launches, construction of new plants, and collaborations to drive the growth of the market during the forecast period.

What are the Revenue-generating End-user by Volume Segments in the Heat Treated Steel Plates Market?

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The heat treated steel plates market share growth by the automotive and heavy machinery segment will be significant during the forecast period. 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.

This report provides an accurate prediction of the contribution of all the segments to the growth of the heat treated steel plates market size and actionable market insights on post COVID-19 impact on each segment.

 

Heat Treated Steel Plates Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Decelerate at a CAGR of 3.50%

Market growth 2022-2026

18120.00 th tons

Market structure

Fragmented

YoY growth (%)

3.75

Regional analysis

APAC, Europe, North America, MEA, and South America

Performing market contribution

APAC at 78%

Key consumer countries

China, India, Japan, US, and Russian Federation

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

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

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

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What are the Key Data Covered in this Heat Treated Steel Plates Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive heat treated steel plates market growth during the next five years
  • Precise estimation of the heat treated steel plates market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the heat treated steel plates industry across APAC, Europe, North America, MEA, and South America
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of heat treated steel plates market vendors

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***1. Executive Summary                         

               **1.1 Market Overview 

                              *Exhibit 01:  Key Finding 1

                              *Exhibit 02:  Key Finding 1

                              *Exhibit 03:  Key Finding 2

                              *Exhibit 04:  Key Finding 3

                              *Exhibit 05:  Key Finding 4

                              *Exhibit 06:  Key Finding 5

                              *Exhibit 07:  Key Finding 5

***2. Market Landscape                            

               **2.1 Market ecosystem             

                              *Exhibit 08:  Parent market

                              *Exhibit 09:  Market characteristics

               **2.2 Value chain analysis           

                              *Exhibit 10:  Value Chain Analysis: Steel

                              *2.2.1 Inputs

                              *2.2.2 Inbound logistics

                              *2.2.3 Operations

                              *2.2.4 Outbound logistics

                              *2.2.5 Marketing and sales

                              *2.2.6 After-sales and service

                              *2.2.7 Support activities

                              *2.2.8 Innovations

***3. Market Sizing                      

               **3.1 Market segment analysis  

                              *Exhibit 11:  Market segments

               **3.2 Market size 2021 

               **3.3 Market definition

                              *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 (%)

***4. Five Forces Analysis                         

               **4.1 Five Forces Summary         

                              *Exhibit 16:  Five forces analysis 2021 & 2026

               **4.2 Bargaining power of buyers            

                              *Exhibit 17: Bargaining power of buyers

               **4.3 Bargaining power of suppliers        

                              *Exhibit 18: Bargaining power of suppliers

               **4.4 Threat of new entrants     

                              *Exhibit 19: Threat of new entrants

               **4.5 Threat of substitutes          

                              *Exhibit 20: Threat of substitutes

               **4.6 Threat of rivalry   

                              *Exhibit 21: Threat of rivalry

               **4.7 Market condition 

                              *Exhibit 22:  Market condition - Five forces 2021

***5 Market Segmentation by End-user by Volume                      

               **5.1 Market segments

                              *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

***6. Customer landscape                        

               **6.1 Overview

                              *Technavio’s customer landscape matrix comparing Drivers or price sensitivity, Adoption lifecycle, importance in customer price basket, Adoption rate and Key purchase criteria

                              *Exhibit 35: ?Customer landscape?

***7. Geographic Landscape                    

               **7.1 Geographic segmentation

                              *Exhibit 36:  Market share by geography 2021-2026 (%)

               **7.2 Geographic comparison    

                              *Exhibit 37: Geographic comparison

               **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. Drivers, Challenges, and Trends                  

               **8.1 Market drivers      

                              *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 Market challenges              

                              *8.2.1 Growing preference for carbon fiber in automotive applications

                              *8.2.2 Volatile prices of raw materials

                              *8.2.3 Stringent regulations by authorities

                              *Exhibit 48:  Impact of drivers and challenges

               **8.3 Market trends      

                              *8.3.1 Increased penetration of heat-treated steel plates in industrial applications

                              *8.3.2 Rising demand in the wind energy sector

                              *8.3.3 Rapid increase in urbanization

***9. Vendor Landscape                            

               **9.1 Overview

                              *Exhibit 49: Vendor landscape

                              *The potential for the disruption of the market landscape was moderate in 2020, and its threat is expected to remain unchanged by 2025. 

               **9.2 Landscape disruption         

                              *Exhibit 50: ?Landscape disruption?

                              *Exhibit 51: Industry risks

               **9.3 Competitive scenario        

***10. Vendor Analysis               

               **10.1 Vendors covered              

                              *Exhibit 52: Vendors covered

               **10.2 Market positioning of vendors    

                              *Exhibit 53: ?Market positioning of vendors?

               **10.3 ArcelorMittal SA

                              *Exhibit 54:  ArcelorMittal SA - Overview

                              *Exhibit 55:  ArcelorMittal SA - Business segments

                              *Exhibit 56:  ArcelorMittal SA - Key offerings

                              *Exhibit 57:  ArcelorMittal SA - Segment focus

               **10.4 Baosteel Group Corp.     

                              *Exhibit 58:  Baosteel Group Corp. - Overview

                              *Exhibit 59:  Baosteel Group Corp. - Product and service

                              *Exhibit 60:  Baosteel Group Corp. - Key offerings

               **10.5 Essar Global Fund Ltd.    

                              *Exhibit 61:  Essar Global Fund Ltd. - Overview

                              *Exhibit 62:  Essar Global Fund Ltd. - Product and service

                              *Exhibit 63:  Essar Global Fund Ltd. - Key offerings

               **10.6 JFE Holdings Inc.

                              *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

               **10.7 Nippon Steel Corp.          

                              *Exhibit 68:  Nippon Steel Corp. - Overview

                              *Exhibit 69:  Nippon Steel Corp. - Business segments

                              *Exhibit 70:  Nippon Steel Corp. - Key offerings

               **10.8 NLMK Group       

                              *Exhibit 72:  NLMK Group - Overview

                              *Exhibit 73:  NLMK Group - Business segments

                              *Exhibit 74:  NLMK Group - Key offerings

                              *Exhibit 75:  NLMK Group - Segment focus

               **10.9 Outokumpu Oyj 

                              *Exhibit 76:  Outokumpu Oyj - Overview

                              *Exhibit 77:  Outokumpu Oyj - Business segments

                              *Exhibit 78:  Outokumpu Oyj - Key offerings

                              *Exhibit 79:  Outokumpu Oyj - Segment focus

               **10.10 POSCO

                              *Exhibit 80:  POSCO - Overview

                              *Exhibit 81:  POSCO - Business segments

                              *Exhibit 82:  POSCO - Key offerings

                              *Exhibit 83:  POSCO - Segment focus

               **10.11 Tata Sons Pvt. Ltd.         

                              *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

               **10.12 thyssenkrupp AG           

                              *Exhibit 88:  thyssenkrupp AG - Overview

                              *Exhibit 89:  thyssenkrupp AG - Business segments

                              *Exhibit 90:  thyssenkrupp AG - Key offerings

                              *Exhibit 91:  thyssenkrupp AG - Segment focus

***11. Appendix                           

               **11.1 Scope of the report         

                              *11.1.1 ????Market definition

                              *11.1.2 ????Objectives

                              *11.1.3 Notes and Caveats

               **11.2 Currency conversion rates for US$            

                              *Exhibit 92: ?Currency conversion rates for US$?

               **11.3 Research Methodology   

                              *Exhibit 93: ?Research Methodology

                              *Exhibit 94: ??Validation techniques employed for market sizing?

                              *Exhibit 95: ??Information sources

               **11.4 List of abbreviations        

                              *Exhibit 96: List of abbreviations

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases

DATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts

REPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape

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Key Questions Answered

  • What are the key global market and the regional market share?
  • What are the revenue-generating key market segments?
  • What are the key factors driving and challenging this market’s growth?
  • Who are the key market vendors and their growth strategies?
  • What are the latest trends influencing the growth of this market?
  • What are the variables influencing the market growth in the primary regions?
  • What are the factors influencing the growth of the parent market?

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