Report Code: A15925 | Pages: NA | Jul 2023 | 894 Views | ||
Author(s) : NA | Tables: NA | Charts: NA |
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Heat-treated Steel Plates Market
Request Now !Heat-treated steel plates are generally applied for changing the mechanical as well as physical features of the steel without altering the shape of the steel. These steel plates are made up of that type of steel that has resisted a scaling temperature of 500°C.
This heat-treated process is helpful in increasing and improving hardness, ductility, elasticity, and toughness of the steel. Heat treating processes are of four types such as annealing, tempering, normalizing, and quenching. They are widely used in energy & power, construction, industrial machinery, automotive & defense vehicles, & shipbuilding. However, there is some limitation to heat treatment processes and volatile raw material prices might hamper the growth of the market.
COVID-19 Impact AnalysisÂ
Top Impacting Factor
Key factors expected to drive growth of the global heat-treated steel plates market include increase in urbanization, construction activities in emerging economies, and large-scale investments in the industrial and infrastructure industries across the globe.
In addition, increase in demand from manufacturing and construction industries coupled with the rise in demand for infrastructure such as manufacturing of bridges, dams, commercial hubs, engineering structures are some other factors expected to drive growth of the global heat-treated steel plates market. Furthermore, increasing usage of heat-treated steel plates in energy & power, industrial machinery, automotive & defense vehicles, and shipbuilding are other factors expected to drive growth of the target market over the forecasted period.
Market Trends
Key Benefits of Report
Questions Answered in Heat-treated Steel Plates Market Report
Heat-treated Steel Plates Market Report Highlights
Aspects | Details |
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By Type |
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By Treatment |
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By Application |
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By Region |
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Key Market Players | Tata Steel, NLMK,, ArcelorMittal, Outokumpu, JFE Holdings, Inc., Baosteel Group Hu ICP, POSCO, ThyssenKrupp AG, AM/NS India, NIPPON STEEL CORPORATION |
Other Key Market Players | Precision Steel Warehouse Inc., JSW, METINVEST, Simplex Metal & Alloys., Jindal Steel & Power Ltd, SHAGANG GROUP Inc., SAIL, China Ansteel Group Corporation Limited, Voestalpine AG, HYUNDAI STEEL |
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