Global Heat-treated Steel Plates Market (Business Opportunities - Money Making)

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Item ID 8675400 in Category: Business Opportunities - Money Making

Global Heat-treated Steel Plates Market


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Global Heat-treated Steel Plates Market is expected to reach USD XX Billion by 2026 from USD XX Billion in 2018 at a CAGR of XX %.

Global Heat-treated Steel Plates Market

Rise in demand from end-use industries, ability to reduce the weight of the structure, growth in demand from the Asia Pacific region, no substitutes for heat-treated steel plates drives the growth of heat treated steel plates market. Volatile raw material prices will hamper the market.

Carbon steel type segment leads the market. Carbon steel type segment offer excellent ductility, hardness, yield strength tensile strength and impact resistance. Stainless steel is second largest segment of the market. Economical price, wide applications in end-use industries and easy availability of carbon steel attracts the market.

Energy & power segment is expected to hold largest shares of the market during the forecast period. This is due to the larges use of heat-treated steel plates in boilers, storage tanks, pressure vessels and other structural parts.

Geographically, the heat-treated steel plates market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America. Asia Pacific is expected to be the largest market for heat-treated steel plates during the forecast period. The growth of this region is attributed to the easy availability of raw materials, cheap labour and increasing demand for steel across various end-use industries.


Target Nation: All Nations
Target City : All Cities
Last Update : 26 September 2020
Number of Views: 29
Item  Owner  : ashwini
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2020-11-26 (0.071 sec)