Wear Resistant Steel Plate Market Forecast Based on Trend Analysis and Growth opportunities during 2017-2026

Wear resistant steel plates, typically manufactured in as-rolled condition, seek widespread application in harsh environment conditions, where longer lifespan of structures is of prime importance. Construction industry experts and architects prefer wear resistant steel plate where extension of critical component’s service life is an essential requirements. In the agriculture sector, high-quality treatment of soil entails requirement for agricultural equipment & machinery that have longer lifespans. Quality of the machine determines quality of performed agricultural operations, thereby influencing productivity. Steel parts used in agricultural machinery must therefore possess high mechanical strength, wear resistance and hardness. Manufacturers are therefore developing new competitive wear resistant steel plates with higher yield strengths for agricultural machine building industry. This report by FactMR delivers an extensive forecast on the global Wear Resistant Steel Plate Market, so that companies manufacturing wear resistant steel plate can leverage the information for making better business decisions. This report offers valuable insights on the wear resistant steel plate market at a global scale, reflecting impacts of recent industry trends on the market expansion and addressing key concerns of wear resistant steel plate manufacturers. The report will also serve as a credible business document for the market players.

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Extending the service life of steel plates is a major industrial concern, taking into account that steel plates when exposed to harsh conditions get damaged by mechanical abrasion. The wearing out of steel plates ends up costing millions of dollars in losses for heavy industries and manufacturing sector players. Replacing these damaged steel plates is an infrastructural dilemma for mining and construction activities, which has characteristically propelled the adoption of wear resistant steel plates.

In the future, wear resistant steel plates will witness an evolving demand as the specifications of end-users will become more diversified. FactMR foresees that offering steel plates for variety of abrasive industrial applications will be a key focus area for leading manufacturers of wear resistant steel plates in the world. The study observes that the global market for wear resistant steel plates shall reflect a growth at 3.9% CAGR in terms of value over the forecast period. Volume-wise, more than 31,300 thousand tons of wear resistant steel plates will be sold worldwide by the end of 2026.

Heat-Treated AR400 Steel Plates to Witness Soaring Adoption

Manufacturing of wear resistant steel plates remains predominantly inclined towards standard products such A514 steel plates, which will showcase a high demand through 2026. High strength of A514 steel plates will bolster their use as structural steel in building construction activities of the future. By 2026-end, the estimated sales of A514 wear resistant steel plates across the globe will record a volume of nearly 11,000 thousand tons. In addition, the scope of AR400 wear resistant steel plates will also exhibit a high traction in terms of sales. Over the forecast period, AR400 wear resistant steel plates will reflect highest volume CAGR of 4.1%. Heat-treated characteristics of AR400 wear resistant steel plates will drive their sales, while manufacturers will also focus on improving the welding and forming capabilities of these premium products.

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Providing innovative solutions to meet the specifications will be a prominent trend exercised by wear resistant steel plate manufacturers across the globe. Top steel producing companies such as ArcelorMittal, China Baowu Steel Group Corporation Limited, Nippon Steel & Sumitomo Metal Corporation and Ansteel Group Corporation will be actively partaking in the global production of wear resistant steel plates in the future. The global manufacturing landscape for wear resistant steel plates will also witness the presence of companies namely, SSAB AB, Thyssenkrupp AG, DHS – Dillinger Hütte Saarstahl AG, A R Brown McFarlane & Co Ltd., Voestalpine AG, Precision Grinding, Inc., Xinyu Iron & Steel Co., Ltd., Bisalloy Steel Group Limited, Salzgitter Aktiengesellschaft, and Novolipetsk Steel.

Table of Contents

1. Global Economic Outlook
2. Global Wear Resistant Steel Plate Market – Executive Summary

2.1. Global Wear Resistant Steel Plate Market – Opportunity Analysis

3. Global Wear Resistant Steel Plate Market Overview

3.1. Introduction

3.1.1. Global Wear Resistant Steel Plate Market Taxonomy

3.1.2. Global Wear Resistant Steel Plate Market Definition

3.2. Global Wear Resistant Steel Plate Market Size (US$ Mn) & Volume (‘000 Tonnes) and Forecast, 2012-2026

3.2.1. Global Wear Resistant Steel Plate Market Y-o-Y Growth

3.3. Global Wear Resistant Steel Plate Market Dynamics

3.4. Steel Industry Overview

3.4.1. Finished Steel Products Consumption Comparison

3.4.1.1. Y-o-Y Growth rate Comparison of Finished Steel Products By Region

3.5. Key Crude Steel Producing Countries

3.6. Industry Wise Application Analysis

3.7. Supply Chain

3.8. Cost structure

3.9. Forecast Factors

3.10. Forecast Scenario

3.11. Region Wise Market Positioning Assessment

3.12. Porter’s Analysis

3.13. Investment Feasibility Matrix

3.14. Market Competition Structure

3.15. Key Participants Market Presence (Intensity Map) By Region

4. Global Wear Resistant Steel Plate Market Supply Demand Analysis

4.1. Production Volume (‘000 Tonnes) by Key Players

4.2. Importer Concentration by Region

Continued……………………

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