Steel Plate Market Trend Analysis and Future Growth Prospects to 2030

Steel plates are helpful for changing the physical and mechanical characteristics of steel since they vary the form.

The global Steel Plate Market size was robust in 2021 and is expected to register a steady revenue CAGR over the forecast period. One of the key factors driving market revenue growth is increased consumption of the material from industrial applications such as restaurants, clinics, commercial complexes, and others. They are used to cover the inside and outside of buildings, as well as to create ornamental and aesthetic glass mosaics. Porcelain tiles are bits of glass that have been molded into uniform forms. They have grown in popularity as field and accent tiles in recent years. This trend can be linked to recent technological advancements as well as the intrinsic features of tiles, notably their ability to impart strong color and reflect light, as well as their water resistance. These reasons are driving revenue growth of the market during the forecast period.

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Top Leading Players:

  • ArcelorMittal S.A.(Luxembourg)
  • Thyssenkrupp AG (Germany)
  • POSCO (South Korea)
  • TATA Iron & Steel Co. Ltd. (India)
  • Baosteel Iron & Steel Co. Ltd. (China)
  • Outokumpu Oyj (Finland)
  • JFE Holdings Co. Ltd. (Japan)
  • Nippon Steel Engineering Co. Ltd.
  • Sumitomo Metal Industry Ltd. (Japan)
  • Novolipetsk Steel Group (Russia)
  • Essar Steel India Ltd. (India)

Key Regional Markets Covered in the Report:

North America (U.S.A., Canada, Mexico)

Europe (Italy, U.K., Germany, France, Rest of Europe)

Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)

Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)

Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

 

Major Factors Driving Revenue Growth of the Global Steel Plate Market:

Increased urbanization, building activity in emerging nations, and large-scale investments in enterprises and infrastructure globally are expected to drive revenue growth of the market. Other factors that are expected to drive revenue growth of the global heat-treated steel plates industry include rising demand from the heavy industries and allied sectors for infrastructures such as bridge construction, reservoirs, and shopping complexes, and industrial facilities. Furthermore, increasing use of steel plates in electrical and electronics, industrial equipment, military and automobiles, and shipyards are some other factors that are expected to drive revenue growth in the target industry during the forecast period.

Key questions covered in the global Steel Plate Market report:

·         What is the expected market size of the global Steel Plate Market during the forecast period?

·         What factors are expected to hamper global Steel Plate Market growth over the forecast period?

·         What key factors are expected to drive global revenue growth between 2021 and 2028?

·         Which application segment is expected to dominate other application segments over the forecast period?

·         Which region is expected to dominate in terms of revenue during the forecast period?

·         What are the key outcomes of Porter’s Five Forces analysis and SWOT analysis?

·         Which leading players are operating in the global Polyvinyl Alcohol market?

Segments covered in the report:

Process Type Outlook (Revenue, USD Billion; 2019-2030)

  • Hardening & Tempering
  • Case Hardening
  • Annealing
  • Normalizing

Application/End-Use Outlook (Revenue, USD Billion; 2019-2030)

  • Automotive & Transportation
  • Metal Working
  • Industrial Machinery & Equipment
  • Construction
  • Others

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