TBRC covers the heat treated steel plates market drivers and restraints, market size, major players, and the impact of COVID-19 on the market.
LONDON, GREATER LONDON, UK, May 19, 2022 /EINPresswire.com/ — According to ‘Heat Treated Steel Plates Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026’ published by The Business Research Company, the heat treated steel plates market size is expected to grow to $76.25 billion in 2026 at a CAGR of 4.4%. According to the heat treated steel plates market forecast, the growing number of shipbuilding activities is significantly driving the heat treated steel plates market growth.
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The heat-treated steel plates market consists of sales of heat-treated steel plates by entities (organizations, partnerships, and sole proprietors) that are used to change the microstructure of metals and alloys, including steel and aluminum, to give them properties, such as improved surface stiffness, temperature tolerance, ductility, and resilience, which is expected to help them last longer. Heat treating steel is a step-by-step procedure that begins with heating, continues with changing the physical properties of the plates, and concludes with cooling.
Global Heat Treated Steel Plates Market Trends
Business collaboration is one of the key heat treated steel plates market trends gaining popularity. Major companies operating in the heat-treated steel plates sector are focused on business collaboration through business contracts, MoUs, and strategic partnerships to strengthen their position. For instance, in July 2021, Tenova LOI Thermprocess, a leading global company in the field of heat treatment plants based in Essen has been contracted by VIZ-Stal, part of the Russian NLMK Group, to supply a decarburization and coating line (DCL) for VIZ-Ekaterinburg Stal’s factory in Russia. The contract involves heat treatment, mechanical and process equipment engineering, supply, and monitoring, and related electrical, measurement, and control systems for a DCL line.
Global Heat Treated Steel Plates Market Segments
The global heat treated steel plates market is segmented:
By Type: Carbon Steel, Alloy Steel, Stainless Steel
By Heat Treatment Type: Annealing, Tempering, Normalizing, Quenching
By End-user: Automotive and Heavy Machinery, Building and Construction, Ship Building and Off-Shore Structures, Energy and Power, Other End-user Industries
By Geography: The global heat treated steel plates market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific accounts for the largest share.
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Heat Treated Steel Plates Global Market Report 2022 is one of a series of new reports from The Business Research Company that provides heat treated steel plates market overviews, analyzes and forecasts market size and growth for the global heat treated steel plates market, market share, market segments and geographies, market players, market leading competitor revenues, profiles and market shares. The heat treated steel plates market report identifies top countries and segments for opportunities and strategies based on market trends and key competitors’ approaches.
TBRC’s Heat Treated Steel Plates Global Market Report 2022 includes information on the following:
Data Segmentations: Market Size, Global, By Region and Country, Historic and Forecast, and Growth Rates for 60 Geographies
Key Market Players: Arcelormittal S.A., ThyssenKrupp AG, POSCO, Tata Steel Limited, Baosteel Group, Outokumpu, JFE Holdings, Nippon Steel Corporation, Novolipetsk Steel, Essar Steel, Gerdau S.A., Jiangsu Shagang Group, US Steel, Ansteel Group Corporation Limited.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
And so much more.
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