Wear Resistant Steel Plate Market
Wear Resistant Steel Plate Market Study by A514, AR400, and AR500 for Mining, Construction, and Agriculture from 2024 to 2034
Analysis of Wear Resistant Steel Plate Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Wear Resistant Steel Plate Market Outlook (2024 to 2034)
The global wear resistant steel plate market size is approximated at US$ 31.46 billion in 2024. Worldwide earnings from the sales of wear resistant steel plates are projected to increase at a CAGR of 4% and reach US$ 46.58 billion by 2034.
Wear resistant steel plates (WRSP) also known as abrasion-resistant steel plates are used in a range of industries for heavy-duty applications to limit the impact of wear and tear on machinery and equipment. It is a high-carbon alloy steel material designed for harsh and high-abrasion conditions offering significantly longer durability than that of conventional steel.
Wear resistant steel plate a high-strength low-alloy (HSLA) steel has less carbon and contains one or more elements such as chromium, nickel, molybdenum, vanadium, titanium, and niobium. These alloy steels have high work-hardening capabilities and offer more strength along with less weight against conventional steels or other metals. Long-term advantages and a range of other additional benefits such as being three times harder than mild steel are driving the demand for wear resistant steel plates across various industries including agriculture industry, earthmoving equipment, mining, and quarrying. Other bundled advantages such as resistivity against an acidic environment are poised to increase its demand during the forecast period.
- East Asia is anticipated to account for 37.4% of the global wear resistant steel plate market share by 2034
| Report Attribute | Detail |
|---|---|
| Wear Resistant Steel Plate Market Size (2024E) | US$ 31.46 Billion |
| Forecasted Market Value (2034F) | US$ 46.58 Billion |
| Global Market Growth Rate (2024 to 2034) | 4% CAGR |
| South Korea Market Value (2034F) | US$ 4.59 Billion |
| AR400 Demand Growth (2024 to 2034) | 4% CAGR |
| Key Companies Profiled | Nippon Steel; Sumitomo Metal Corporation; Bisalloy Steel Group Limited; China Baowu Steel Group Corporation Limited; DHS - Dillinger Hütte Saarstahl AG; GIPO AG; Ansteel Group Corporation; ArcelorMittal; JFE Holdings Incorporation; SSAB AB; Thyssenkrupp AG. |
Prevailing oil crisis in the Middle East is inducing a sense of urgency among policymakers on the importance of developing non-oil-based revenue sources. Respective governments in Middle Eastern countries are focusing their attention on boosting their services and the medical tourism sector.
Elsewhere in the Middle East, the focus on developing infrastructure projects is gaining momentum. These megatrends have led to a spike in demand for various types of construction materials and machinery. As these infrastructure projects are behemoth and complex, demand for advanced materials, such as wear resistant steel is exhibiting a spike.
- Short Term (2024 to 2027): Expanding application and incorporation of wear resistant steel plates in the mining industry and the growing need to increase the lifespan of equipment are expected to positively influence the wear resistant steel plate market growth.
- Medium Term (2027 to 2030): The Asia Pacific and MEA regions are anticipated to witness high demand of WRSP due to the ongoing construction activities in these regions, coupled with favorable government initiatives.
- Long Term (2030 to 2034): Increase in the use of wear resistant steel plates in the construction and agriculture industries and its superiority over other metal plates is anticipated to expand its demand growth.
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Why are Wear Resistant Steel Plates So Widely Adopted?
“Wear Resistant Steel Plates Increasing Lifespan of Mining Equipment”
Mining industry leaders are focusing on improving operational efficiency and reducing downtime on account of failed/non-functional machinery. The use of equipment that can withstand harsh conditions without undergoing wear and tear is gaining traction in this sector.
With momentum towards increasing the lifetime of mining equipment, the demand for wear resistant steel plates is bound to increase over the assessment period. Typical usage of heavy AR400 is done in the mining industry in large excavating and earth-moving machines which hold the capacity to shift huge tonnages.
Advanced high strength steel are used for the complete range of loading shovels, dump trucks, cutting edges, screen plates, deflectors, silos, chutes, and slide conveyors. Wear resistant steels have become the choice of material in the excavation of mineral ores in a safe and efficient manner.
Other benefits such as lower maintenance costs, high payload capacity, lighter weight, and reduced fuel consumption are contributing to the increasing demand for wear resistant steel plates. In addition, the hydroelectric sector is also witnessing rising demand for electrical steel.
“Farmers Demanding Agricultural Machinery and Equipment Made Using Wear Resistant Steel”
Wear resistant steel plates are increasingly being used in agriculture due to their long-term benefits. Continuous wear and tension are placed on agricultural gear and equipment. The machinery is very prone to abrasion during demanding field labor. The lifespan of agricultural equipment components and the frequency of wear part replacement are extended and reduced, respectively, by the use of wear resistant steel plates.
Growing demand for agricultural equipment in Eastern Europe and North Africa is expected to open up new business opportunities for wear resistant steel plate producers. Due to its additional packaged advantages, including its resistance to corrosive and acidic environments, its demand is rising from a variety of specialized applications. Wear resistant steel are becoming the preferred metal to produce garbage trucks, containers, and wear surfaces that are regularly exposed to acidic and corrosive conditions in municipal and industrial waste management.
Which Factors are Hampering Revenue Growth of Wear Resistant Steel Plate Producers?
“Rising Popularity of Aluminum to Lower Use of Wear Resistant Steel”
Aluminum is a ductile silver-white metal that is typically found in the earth's crust and is used to make aluminum plates. As per the industry application, it is stacked with different types of surface finishing, welding, and shaping.
High purity aluminum plates are widely used in a variety of industries due to their qualities such as lightweight, toughness, and increasingly popular recyclable nature. They are used in the food and beverage sector for packaging and preservation. Aluminum is also exhibiting increasing applications in transportation, military, aerospace, and the production of automotive components.
Use of aluminum plates and sheet coils in the automobile industry is increasing as a result of its advantageous features, which include lightweight, resistance to corrosion, and excellent thermal conductivity. Aluminum plates are light and thin, thus they are perfect for common items such as food and drink cans that need to be stored, sold, and transported in large quantities. Thus, the presence of alternative metal is expected to lower the use of wear resistant steel during the forecast period.
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How are Startups Set to Improve Their Market Position?
“New Companies Relying on Advanced Manufacturing Technologies”
Startups are employing digital technologies for the precise production of steel. Integration of artificial intelligence (AI), machine learning (ML), and the Internet of Things (IoT) in steel manufacturing are some of the latest wear resistant steel plate market trends.
- Mecorad a German start-up automates steel manufacturing process. The company makes use of the industrial internet of things (IIoT) for in-line precise measurement & development of hot metals forming of steel and metals. Mecorad enables workers in upstream and downstream processes to manufacture high-quality products, mitigate loss in manufacturing, and link their production unit internally along the value chain.
Country-wise Analysis
What’s Influencing Sales of Wear Resistant Steel Plates in the United States?
“Rising Construction and Mining Activities Driving Demand for Machinery Equipped with Wear Resistant Steel”
| Attribute | United States |
|---|---|
| Market Value (2024E) | US$ 4.56 Billion |
| Growth Rate (2024 to 2034) | 4% CAGR |
| Projected Value (2034F) | US$ 6.77 Billion |
Construction and mining activities are gaining momentum in the United States. These fields make use of heavy weight machinery and equipment to carry out their work. In this context, manufacturers of construction and mining machinery are constantly exploring advanced and wear resistant materials such as steels. Thus, suppliers of wear resistant steel plates are expected to earn high profits in the United States.
What is the Sales Outlook for Wear Resistant Steel Plates in Japan?
“Strict Environmental Regulations Increasing Use of Wear Resistant Steel Plates in Vehicle Production”
| Attribute | Japan |
|---|---|
| Market Value (2024E) | US$ 3.04 Billion |
| Growth Rate (2024 to 2034) | 3.8% CAGR |
| Projected Value (2034F) | US$ 4.4 Billion |
- According to International Trade Administration, after China, the United States, and India, Japan is the 4th largest producer of automobiles.
Strict environmental regulations are driving the use of advanced high strength steel in vehicle production to mitigate carbon gases and lower the weight of automotive components. Japanese automakers are widely using wear resistant steel plates in vehicle production to achieve improved safety and to align with sustainability trend.
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Category-wise Analysis
Which Industry is a Key user of Wear Resistant Steel Plates?
“Wear Resistant Steel Plates Increasing Mining Machinery Lifespan”
| Attribute | Mining |
|---|---|
| Segment Value (2024E) | US$ 13.12 Billion |
| Growth Rate (2024 to 2034) | 3.9% CAGR |
| Projected Value (2034F) | US$ 19.23 Billion |
The mining industry is poised to remain a key consumer of wear resistant steel plates in the manufacturing of earthmoving equipment and attachments. The constant loading and unloading is leading to abrasion of mining machinery as ores are constantly poured or slid over them. Mining activities create wear plates to shield machinery from deterioration. As a result, the need for wear resistant steel plates is anticipated to rise due to the increasing mining operations across the globe.
Why are A514 Steel Plates Widely Preferred?
“Multifaceted Features Driving Use of A514 Wear Resistant Steel Plates”
| Attribute | A514 Wear Resistant Steel Plates |
|---|---|
| Segment Value (2024E) | US$ 10.19 Billion |
| Growth Rate (2024 to 2034) | 3.9% CAGR |
| Projected Value (2034F) | US$ 14.95 Billion |
A514 wear resistant steel plate is a common type of quenched and tempered (Q&T) steel that offers excellent strength, machinability, and weldability. Due to these qualities, A514 is frequently used in applications including crane booms, hauling equipment, mining equipment, and lifting equipment where wear resistance and the capacity to withstand heavy impact are crucial.
They are mostly used for heavy-duty tasks including excavating, clearing, and scraping. It is primarily intended for use in welded bridges and other structures, as well as in mining and construction, hauling and lifting equipment, bucket parts, and several other high-impact abrasion-resistant applications.
Competitive Landscape
Some of prominent wear resistant steel plate manufacturers are Bisalloy Steel Group Limited, China Baowu Steel Group Corporation Limited, JFE Holdings Incorporation, Nippon Steel, Sumitomo Metal Corporation, SSAB AB, Thyssenkrupp AG, and Voestalpine AG.
Key players in the wear resistant steel plate market are employing various organic and inorganic growth strategies. They are also involved in acquisitions and product launches to concrete their market position. Furthermore, they are driving their focus on establishing themselves in non-legacy markets through collaborations and partnerships. Strengthening the distribution network and long-term contracts with global suppliers is anticipated to increase their market shares.
- In 2022, China Baowu Steel Group Corporation Limited announced the acquisition of 51% shares of Xinsteel.
Fact.MR provides detailed information about the price points of key providers of wear resistant steel plates positioned across the world, sales growth, production capacity, and speculative technological expansion, in the recently updated market report.
Key Segments of Wear Resistant Steel Plate Market Research
-
By Product :
- A514
- AR400
- AR500
- Others
-
By End-use Industry :
- Mining
- Construction
- Agriculture
- Others
-
By Region :
- North America
- Latin America
- Western Europe
- Eastern Europe
- East Asia
- South Asia & Pacific
- Middle East & Africa
Table of Content
1. Executive Summary 2. Industry Introduction, including Taxonomy and Market Definition 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments 4. Global Market Demand Analysis 2019 to 2023 and Forecast 2024 to 2034, including Historical Analysis and Future Projections 5. Pricing Analysis 6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034 6.1. Product 6.2. End-use Industry 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Product 7.1. A514 7.2. AR400 7.3. AR500 7.4. Others 8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by End-use Industry 8.1. Mining 8.2. Construction 8.3. Agriculture 8.4. Others 9. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Region 9.1. North America 9.2. Latin America 9.3. Western Europe 9.4. Eastern Europe 9.5. East Asia 9.6. South Asia & Pacific 9.7. Middle East & Africa 10. North America Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 11. Latin America Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 12. Western Europe Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 13. Eastern Europe Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 14. East Asia Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 15. South Asia & Pacific Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 16. Middle East & Africa Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 17. Sales Forecast 2024 to 2034 by Product, End-use Industry, and Region for 30 Countries 18. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard 19. Company Profile 19.1. Nippon Steel 19.2. Sumitomo Metal Corporation 19.3. Bisalloy Steel Group Limited 19.4. China Baowu Steel Group Corporation Limited 19.5. DHS - Dillinger Hütte Saarstahl AG 19.6. GIPO AG 19.7. Ansteel Group Corporation 19.8. ArcelorMittal 19.9. JFE Holdings Incorporation 19.10. SSAB AB 19.11. Thyssenkrupp AG 20. Assumptions and Acronyms Used 21. Research Methodology
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List Of Table
Table 01: Global Market Value (US$ Mn) Analysis, by Product, 2019 to 2023
Table 02: Global Market Value (US$ Mn) Analysis, by Product, 2024 to 2034
Table 03: Global Market Value (US$ Mn) Opportunity Analysis, by Product, 2024 to 2034
Table 04: Global Market Value (US$ Mn) Analysis, by End-use Industry, 2019 to 2023
Table 05: Global Market Value (US$ Mn) Analysis, by End-use Industry, 2024 to 2034
Table 06: Global Market Value (US$ Mn) Opportunity Analysis, by End-use Industry, 2024 to 2034
Table 07: Global Market Value (US$ Mn) Analysis, by Region, 2019 to 2023
Table 08: Global Market Value (US$ Mn) Analysis, by Region, 2024 to 2034
Table 09: Global Market Value (US$ Mn) Opportunity Analysis, by Region, 2024 to 2034
Table 10: North America Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 11: North America Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 12: North America Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 13: North America Market Value (US$ Mn) Analysis, by Product, 2019 to 2023
Table 14: North America Market Value (US$ Mn) Analysis, by Product, 2024 to 2034
Table 15: North America Market Value (US$ Mn) Opportunity Analysis, by Product, 2024 to 2034
Table 16: North America Market Value (US$ Mn) Analysis, by End-use Industry, 2019 to 2023
Table 17: North America Market Value (US$ Mn) Analysis, by End-use Industry, 2024 to 2034
Table 18: North America Market Value (US$ Mn) Opportunity Analysis, by End-use Industry, 2024 to 2034
Table 19: Latin America Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 20: Latin America Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 21: Latin America Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 22: Latin America Market Value (US$ Mn) Analysis, by Product, 2019 to 2023
Table 23: Latin America Market Value (US$ Mn) Analysis, by Product, 2024 to 2034
Table 24: Latin America Market Value (US$ Mn) Opportunity Analysis, by Product, 2024 to 2034
Table 25: Latin America Market Value (US$ Mn) Analysis, by End-use Industry, 2019 to 2023
Table 26: Latin America Market Value (US$ Mn) Analysis, by End-use Industry, 2024 to 2034
Table 27: Latin America Market Value (US$ Mn) Opportunity Analysis, by End-use Industry, 2024 to 2034
Table 28: Western Europe Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 29: Western Europe Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 30: Western Europe Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 31: Western Europe Market Value (US$ Mn) Analysis, by Product, 2019 to 2023
Table 32: Western Europe Market Value (US$ Mn) Analysis, by Product, 2024 to 2034
Table 33: Western Europe Market Value (US$ Mn) Opportunity Analysis, by Product, 2024 to 2034
Table 34: Western Europe Market Value (US$ Mn) Analysis, by End-use Industry, 2019 to 2023
Table 35: Western Europe Market Value (US$ Mn) Analysis, by End-use Industry, 2024 to 2034
Table 36: Western Europe Market Value (US$ Mn) Opportunity Analysis, by End-use Industry, 2024 to 2034
Table 37: Eastern Europe Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 38: Eastern Europe Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 39: Eastern Europe Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 40: Eastern Europe Market Value (US$ Mn) Analysis, by Product, 2019 to 2023
Table 41: Eastern Europe Market Value (US$ Mn) Analysis, by Product, 2024 to 2034
Table 42: Eastern Europe Market Value (US$ Mn) Opportunity Analysis, by Product, 2024 to 2034
Table 43: Eastern Europe Market Value (US$ Mn) Analysis, by End-use Industry, 2019 to 2023
Table 44: Eastern Europe Market Value (US$ Mn) Analysis, by End-use Industry, 2024 to 2034
Table 45: Eastern Europe Market Value (US$ Mn) Opportunity Analysis, by End-use Industry, 2024 to 2034
Table 46: East Asia Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 47: East Asia Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 48: East Asia Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 49: East Asia Market Value (US$ Mn) Analysis, by Product, 2019 to 2023
Table 50: East Asia Market Value (US$ Mn) Analysis, by Product, 2024 to 2034
Table 51: East Asia Market Value (US$ Mn) Opportunity Analysis, by Product, 2024 to 2034
Table 52: East Asia Market Value (US$ Mn) Analysis, by End-use Industry, 2019 to 2023
Table 53: East Asia Market Value (US$ Mn) Analysis, by End-use Industry, 2024 to 2034
Table 54: East Asia Market Value (US$ Mn) Opportunity Analysis, by End-use Industry, 2024 to 2034
Table 55: South Asia & Pacific Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 56: South Asia & Pacific Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 57: South Asia & Pacific Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 58: South Asia & Pacific Market Value (US$ Mn) Analysis, by Product, 2019 to 2023
Table 59: South Asia & Pacific Market Value (US$ Mn) Analysis, by Product, 2024 to 2034
Table 60: South Asia & Pacific Market Value (US$ Mn) Opportunity Analysis, by Product, 2024 to 2034
Table 61: South Asia & Pacific Market Value (US$ Mn) Analysis, by End-use Industry, 2019 to 2023
Table 62: South Asia & Pacific Market Value (US$ Mn) Analysis, by End-use Industry, 2024 to 2034
Table 63: South Asia & Pacific Market Value (US$ Mn) Opportunity Analysis, by End-use Industry, 2024 to 2034
Table 64: MEA Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 65: MEA Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 66: MEA Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 67: MEA Market Value (US$ Mn) Analysis, by Product, 2019 to 2023
Table 68: MEA Market Value (US$ Mn) Analysis, by Product, 2024 to 2034
Table 69: MEA Market Value (US$ Mn) Opportunity Analysis, by Product, 2024 to 2034
Table 70: MEA Market Value (US$ Mn) Analysis, by End-use Industry, 2019 to 2023
Table 71: MEA Market Value (US$ Mn) Analysis, by End-use Industry, 2024 to 2034
Table 72: MEA Market Value (US$ Mn) Opportunity Analysis, by End-use Industry, 2024 to 2034
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List Of Figures
Figure 01: Global Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 02: Global Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 03: Global Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 04: Global Market Incremental $ Opportunity, 2024 to 2034
Figure 05: Global Market Share and BPS Analysis by Product, 2024 & 2034
Figure 06: Global Market Y-o-Y Growth Projections by Product, 2024 to 2034
Figure 07: Global Market Attractiveness Analysis by Product, 2024 to 2034
Figure 08: Global Market Share and BPS Analysis by End-use Industry, 2024 & 2034
Figure 09: Global Market Y-o-Y Growth Projections by End-use Industry, 2024 to 2034
Figure 10: Global Market Attractiveness Analysis by End-use Industry, 2024 to 2034
Figure 11: Global Market Share and BPS Analysis by Region, 2024 & 2034
Figure 12: Global Market Y-o-Y Growth Projections by Region, 2024 to 2034
Figure 13: Global Market Attractiveness Analysis by Region, 2024 to 2034
Figure 14: North America Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 15: North America Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 16: North America Market Value Y-o-Y Growth and Forecast, 2034
Figure 17: North America Market Incremental $ Opportunity, 2024 to 2034
Figure 18: North America Market Share Analysis by Country, 2024 & 2034
Figure 19: North America Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 20: North America Market Attractiveness Analysis by Country, 2024 to 2034
Figure 21: North America Market Share and BPS Analysis by Product, 2024 & 2034
Figure 22: North America Market Y-o-Y Growth Projections by Product, 2024 to 2034
Figure 23: North America Market Attractiveness Analysis by Product, 2024 to 2034
Figure 24: North America Market Share and BPS Analysis by End-use Industry, 2024 & 2034
Figure 25: North America Market Y-o-Y Growth Projections by End-use Industry, 2024 to 2034
Figure 26: North America Market Attractiveness Analysis by End-use Industry, 2024 to 2034
Figure 27: Latin America Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 28: Latin America Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 29: Latin America Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 30: Latin America Market Incremental $ Opportunity, 2024 to 2034
Figure 31: Latin America Market Share Analysis by Country, 2024 & 2034
Figure 32: Latin America Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 33: Latin America Market Attractiveness Analysis by Country, 2024 to 2034
Figure 34: Latin America Market Share and BPS Analysis by Product, 2024 & 2034
Figure 35: Latin America Market Y-o-Y Growth Projections by Product, 2024 to 2034
Figure 36: Latin America Market Attractiveness Analysis by Product, 2024 to 2034
Figure 37: Latin America Market Share and BPS Analysis by End-use Industry, 2024 & 2034
Figure 38: Latin America Market Y-o-Y Growth Projections by End-use Industry, 2024 to 2034
Figure 39: Latin America Market Attractiveness Analysis by End-use Industry, 2024 to 2034
Figure 40: Western Europe Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 41: Western Europe Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 42: Western Europe Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 43: Western Europe Market Incremental $ Opportunity, 2024 to 2034
Figure 44: Western Europe Market Share Analysis by Country, 2024 & 2034
Figure 45: Western Europe Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 46: Western Europe Market Attractiveness Analysis by Country, 2024 to 2034
Figure 47: Western Europe Market Share and BPS Analysis by Product, 2024 & 2034
Figure 48: Western Europe Market Y-o-Y Growth Projections by Product, 2024 to 2034
Figure 49: Western Europe Market Attractiveness Analysis by Product, 2024 to 2034
Figure 50: Western Europe Market Share and BPS Analysis by End-use Industry, 2024 & 2034
Figure 51: Western Europe Market Y-o-Y Growth Projections by End-use Industry, 2024 to 2034
Figure 52: Western Europe Market Attractiveness Analysis by End-use Industry, 2024 to 2034
Figure 53: Eastern Europe Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 54: Eastern Europe Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 55: Eastern Europe Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 56: Eastern Europe Market Incremental $ Opportunity, 2024 to 2034
Figure 57: Eastern Europe Market Share Analysis by Country, 2024 & 2034
Figure 58: Eastern Europe Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 59: Eastern Europe Market Attractiveness Analysis by Country, 2024 to 2034
Figure 60: Eastern Europe Market Share and BPS Analysis by Product, 2024 & 2034
Figure 61: Eastern Europe Market Y-o-Y Growth Projections by Product, 2024 to 2034
Figure 62: Eastern Europe Market Attractiveness Analysis by Product, 2024 to 2034
Figure 63: Eastern Europe Market Share and BPS Analysis by End-use Industry, 2024 & 2034
Figure 64: Eastern Europe Market Y-o-Y Growth Projections by End-use Industry, 2024 to 2034
Figure 65: Eastern Europe Market Attractiveness Analysis by End-use Industry, 2024 to 2034
Figure 66: East Asia Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 67: East Asia Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 68: East Asia Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 69: East Asia Market Incremental $ Opportunity, 2024 to 2034
Figure 70: East Asia Market Share Analysis by Country, 2024 & 2034
Figure 71: East Asia Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 72: East Asia Market Attractiveness Analysis by Country, 2024 to 2034
Figure 73: East Asia Market Share and BPS Analysis by Product, 2024 & 2034
Figure 74: East Asia Market Y-o-Y Growth Projections by Product, 2024 to 2034
Figure 75: East Asia Market Attractiveness Analysis by Product, 2024 to 2034
Figure 76: East Asia Market Share and BPS Analysis by End-use Industry, 2024 & 2034
Figure 77: East Asia Market Y-o-Y Growth Projections by End-use Industry, 2024 to 2034
Figure 78: East Asia Market Attractiveness Analysis by End-use Industry, 2024 to 2034
Figure 79: South Asia & Pacific Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 80: South Asia & Pacific Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 81: South Asia & Pacific Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 82: South Asia & Pacific Market Incremental $ Opportunity, 2024 to 2034
Figure 83: South Asia & Pacific Market Share Analysis by Country, 2024 & 2034
Figure 84: South Asia & Pacific Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 85: South Asia & Pacific Market Attractiveness Analysis by Country, 2024 to 2034
Figure 86: South Asia & Pacific Market Share and BPS Analysis by Product, 2024 & 2034
Figure 87: South Asia & Pacific Market Y-o-Y Growth Projections by Product, 2024 to 2034
Figure 88: South Asia & Pacific Market Attractiveness Analysis by Product, 2024 to 2034
Figure 89: South Asia & Pacific Market Share and BPS Analysis by End-use Industry, 2024 & 2034
Figure 90: South Asia & Pacific Market Y-o-Y Growth Projections by End-use Industry, 2024 to 2034
Figure 91: South Asia & Pacific Market Attractiveness Analysis by End-use Industry, 2024 to 2034
Figure 92: MEA Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 93: MEA Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 94: MEA Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 95: MEA Market Incremental $ Opportunity, 2024 to 2034
Figure 96: MEA Market Share Analysis by Country, 2024 & 2034
Figure 97: MEA Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 98: MEA Market Attractiveness Analysis by Country, 2024 to 2034
Figure 99: MEA Market Share and BPS Analysis by Product, 2024 & 2034
Figure 100: MEA Market Y-o-Y Growth Projections by Product, 2024 to 2034
Figure 101: MEA Market Attractiveness Analysis by Product, 2024 to 2034
Figure 102: MEA Market Share and BPS Analysis by End-use Industry, 2024 & 2034
Figure 103: MEA Market Y-o-Y Growth Projections by End-use Industry, 2024 to 2034
Figure 104: MEA Market Attractiveness Analysis by End-use Industry, 2024 to 2034
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- FAQs -
How big is the wear resistant steel plate market size in 2024?
The global wear resistant steel plate market is calculated at US$ 31.46 billion for 2024.
What are the projections for the wear resistant steel plate market?
Sales of wear resistant steel plates are projected to increase at a CAGR of 4% from 2024 to 2034.
What is the expected value of the global market for 2034?
The market for wear resistant steel plates is projected to reach US$ 46.58 billion by 2034.
Which region accounts for a leading share of the global market?
East Asia is expected to hold 37.4% of the global market share by 2034.
How is the market or wear resistant steel plates faring in Japan?
Demand for wear resistant steel plates in Japan is foreseen to rise at a CAGR of 3.8% through 2034.
Which type of wear resistant steel plate is in more demand?
Sales of A514 steel plates are forecasted to reach US$ 14.95 billion by 2034.
Who are top 3 producers of wear resistant steel plates?
Some of the leading companies are China Baowu Steel Group Corporation Limited, JFE Holdings Incorporation, and Nippon Steel.
What are the different grades of wear resistant steel?
Wear resistant steel grades include 300HB, 400HB, 450HB, 500HB, 550HB and 600HB.
Wear Resistant Steel Plate Market