Insights on the Steel Plate Global Market to 2026 - Massive Demand from End-users to Proliferate the Expansion - ResearchAndMarkets.com

The "Steel Plate Market By Process, By Application, And By Regions - Global & Regional Industry Perspective, Comprehensive Analysis, and Forecast 2021 - 2026" report has been added to ResearchAndMarkets.com's offering.

According to the report, the global steel plate market was valued at approximately USD 107.8 Billion in 2020 and is expected to reach a value of around USD 145.8 Billion by 2026, at a CAGR of around 4.7% between 2021 and 2026.

Steel Plate is a kind of steel sheet material that can be easily cut and joined to produce a more elegant substance. It is manufactured by compressing many steel layers together into one form of a steel plate which is used to fortify the foundations as well as sustain mass units of weight such as bridges. Moreover, the steel plate has formed a foundation for constructing huge materials and non-workable components.

Moreover, the anti-corrosive and abrasion-resistant feature of the steel plate has made in popular across the globe. It finds a large spectrum of applications in the industries where the super-structural framework and indestructible durability is the necessary condition.

Massive demand from end-users to proliferate the market expansion

The escalating usage of steel plates in the automotive, construction, and industrial sectors will drive the expansion of the market over the forecast period. Moreover, the burgeoning steel demand with rapid industrialization will propel the expansion of the steel plate industry over the forecast timeline.

Furthermore, the large-scale urbanization & thriving economy of the Asia Pacific countries is projected to generate lucrative demand for the steel plates over the forecast timeline. Apart from this, the rapidly expanding construction sector in countries like China, India, and Japan in the region will further propel the surge of the steel plate industry over the forecast timespan. Nevertheless, with the steel plate business reaching the point of saturation due to the entry of a large number of new steels plate manufacturers and suppliers, the market growth is likely to experience deterioration over the forecast timeline.

Carbon steel segment to register highest CAGR over the forecast period

The segment is projected to record the highest growth rate of nearly over 4.0% during the forecast timeline. The product possesses a perfect combination of ductility and strength and can be carburized as well as hardened. Carbon steel finds lucrative applications in construction, wire production, and automotive.

Construction sector dominate the application landscape in terms of revenue

The segmental growth is due to the massive usage of steel plates in bridges, roads, houses, buildings, and airport construction activities. Moreover, the product is used in the construction sector due to its low weight, reduced costs, and high strength.

The Asia Pacific to retain a leading position in the global market during the forecast period

The growth of the regional market over the forecast timeline is due to the flourishing construction and automotive sectors in the region. China is likely to be a major regional revenue contributor due to its strong production base.

 

Key Topics Covered:

 

Chapter 1 Executive Summary

 

Chapter 2 Steel Plate Market - Process Analysis

2.1. Global Steel Plate Market - Process Overview

2.2. Global Steel Plate Market Share, by Process, 2019 & 2026 (USD Billion)

2.3. Hardening & Tempering

2.3.1. Global Hardening & Tempering Steel Plate Market, 2016 - 2026 (USD Billion)

2.4. Case Hardening

2.4.1. Global Case Hardening Steel Plate Market, 2016 - 2026 (USD Billion)

2.5. Annealing

2.5.1. Global Annealing Steel Plate Market, 2016 - 2026 (USD Billion)

2.6. Normalizing

2.6.1. Global Normalizing Steel Plate Market, 2016 - 2026 (USD Billion)

2.7. Others

2.7.1. Global Others Steel Plate Market, 2016 - 2026 (USD Billion)

 

Chapter 3 Steel Plate Market - Application Analysis

3.1. Global Steel Plate Market - Application Overview

3.2. Global Steel Plate Market Share, by Application, 2019 & 2026 (USD Billion)

3.3. Automotive & Transportation

3.3.1. Global Automotive & Transportation Steel Plate Market, 2016 - 2026 (USD Billion)

3.4. Metalworking

3.4.1. Global Metalworking Steel Plate Market, 2016 - 2026 (USD Billion)

3.5. Industrial Machinery & Equipment

3.5.1. Global Industrial Machinery & Equipment Steel Plate Market, 2016 - 2026 (USD Billion)

3.6. Construction

3.6.1. Global Construction Steel Plate Market, 2016 - 2026 (USD Billion)

3.7. Others

3.7.1. Global Others Steel Plate Market, 2016 - 2026 (USD Billion)

 

Chapter 4 Steel Plate Market - Regional Analysis

 

Chapter 5 Steel Plate Market - Competitive Landscape

5.1. Competitor Market Share - Revenue

5.2. Market Concentration Rate Analysis, Top 3 and Top 5 Players

5.3. Strategic Developments

5.3.1. Acquisitions and Mergers

5.3.2. New Products

5.3.3. Research & Development Activities

 

Chapter 6 Company Profiles

 

Chapter 7 Steel Plate - Industry Analysis

7.1. Introduction and Taxonomy

7.2. Steel Plate Market - Key Trends

7.2.1. Market Drivers

7.2.2. Market Restraints

7.2.3. Market Opportunities

7.3. Value Chain Analysis

7.4. Key Mandates and Regulations

7.5. Technology Roadmap and Timeline

7.6. Steel Plate Market - Attractiveness Analysis

7.6.1. By Process

7.6.2. By Application

7.6.3. By Region

 

Chapter 8 Industrial Chain, Sourcing Strategy, and Downstream Buyers

8.1. Steel Plate Industrial Chain Analysis

8.2. Downstream Buyers

8.3. Distributors/Traders List

 

Chapter 9 Marketing Strategy Analysis

 

Chapter 10 Report Conclusion & Key Insights

 

Chapter 11 Research Approach & Methodology

 

For more information about this report visit https://www.researchandmarkets.com/r/7znib7.