TMCP Steel Market
TMCP Steel Market Analysis By Thickness (5-20, 20-50, 50-100, 100-120), By Application (Shipbuilding, Offshore Structures, Construction, Tanks, Commercial Vehicles), By Region - Global Forecast 2022 to 2032
Analysis of TMCP Steel market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
TMCP Steel Market Outlook (2022 to 2032)
Global demand for TMCP steel enjoyed year-on-year (YoY) growth of 6.1% in 2021 to reach a market valuation of US$ 127.8 billion. Consumption of TMCP steel in shipbuilding accounted for 25.5% market share, equating to US$ 32.6 billion at the end of 2021.
The global TMCP steel market is predicted to expand at 5.8% CAGR to end up at a valuation of US$ 237.6 billion by 2032. Share of TMCP steel in overall crude steel sales was 9.5% in 2021.
| Report Attributes | Details |
|---|---|
| TMCP Steel Market Size (2021A) | US$ 127.8 Billion |
| Estimated Market Value (2022E) | US$ 135.2 Bn Billion |
| Forecasted Market Value (2032F) | US$ 237.6 Billion |
| Global Market Growth Rate (2022 to 2032) | 5.8% CAGR |
| North America Market Share (2021) | ~10.1% |
| North America Market Growth Rate (2022 to 2032) | 3.8% CAGR |
| U.S. Market Growth Rate (2022 to 2032) | 4.1% CAGR |
| Market Share of Top 5 Companies | ~16.4% |
| Key Companies Profiled | Hyundai Steel; JFE Steel; Nippon Steel and Sumitomo Metal; Victor Steel; AM/NS; POSCO; Dongkuk; NLMK; Baosteel; Ansteel; Shaougang; TISCO; Voestalpine AG |
Don't Need a Global Report?
save 40%! on Country & Region specific reports
TMCP Steel Consumption Analysis (2017 to 2021) Vs. Market Forecast Outlook (2022 to 2032)
According to the latest market analysis by Fact.MR, a market research and competitive intelligence provider, market value for TMCP steel increased at a CAGR of 3.1% between 2017 and 2021.
TMCP steel consumption in shipbuilding and construction accounts for the market’s highest share, which is mainly attributed to the structural methodologies and output in the respective forms of the strength of plates.
TMCP steel has been gaining popularity because of the fine and homogenous acicular ferrite, which has the ability to improve strength and toughness. The arrest ability of this steel is higher than that of conventional steel. When it comes to formability, TMCP steel outperforms conventional steel in terms of strain ageing and line heating properties.
Due to its low carbon content, TMCP steel is usually good at preventing a drop in toughness as a result of its fine ability for welding. Because it is treated to contain particles that restrict grain formation, some TMCP steel types are exceptional at resisting toughness loss, even at high heat inputs.
Steel processed through the thermomechanical controlled process also has enough carbon equivalent levels to ensure that joint strength is not compromised when exposed to high heat, and hence, these are also known as 'high heat input resistant steels’.
Overall, the global market for TMCP steel is expected to expand at a CAGR of 5.8% through 2032.
Why is Demand for TMCP Steel Rising Steadily across Regions?
“Advancements in Thermo-mechanically Controlled Process”
Water-cooled TMCP is a method that enhances the toughness and strength of steel plates while permitting rolling control, microstructure, and phase transition. This procedure redefines the metallurgical aspects of steel micro alloying, such as niobium addition, which leads to several benefits of TMCP, including improved equipment development, steel plate distortions, weldability, and peripheral technologies such as theoretical modelling, steel making, and casting.
Cryogenic tanks, offshore structures, shipbuilding, building construction, bridges, pipelines, and penstocks are industries that use TMCP steel. There has been the evolution of 'high heat-affected zone toughness technologies', in which small particles of magnesium-holding sulphides or oxides and calcium-retaining oxides are added to improve the microstructure of the steel. Thanks to continued advancements in TMCP, growing demand for high-strength steel plates can now be met.
The slab purity, in addition to TMCP, is a key factor in the manufacturing of exceptionally tough steel. Trace impurities in steel are well recognised to have a significant negative impact on steel toughness. As a result, a reduction in the content of impurity elements such as phosphorus and sulphur is required for the stable manufacturing of particularly strong and tough steels.
Liquefied natural gas (LNG) tanks require high toughness at low temperatures, while offshore construction components require excellent lamellar-tear resistance. Hence, in conjunction with TMCP, pure steel is required for the creation of high-strength, tough steel.
The shipbuilding and construction industry are major demand drivers of TMCP steel. Even offshore structures require high amounts of TMCP steel, and hold approximately 19.6% share in the global market.
More Insights, Lesser Cost (-50% off)
Insights on import/export production,
pricing analysis, and more – Only @ Fact.MR
Country-Wise Analysis
Why is East Asia a Large Producer of TMCP Steel?
When it comes to global steel production capability, East Asia leads the charts. China produced nearly as much steel as the rest of the world combined in 2021. However, both Japan and South Korea play significant roles in the region as well.
With China being the second-largest economic power in the world, the development of infrastructure across the country is at a high pace. China accounts for approximately 57% of global steel demand.
Further, followed by Japan and South Korea, the annual production of steel in 2021 was approximately 96.3 MMT and 70.6 MMT, making them rank 3rd and 6th in the top steel-producing countries in the world. South Korea is the largest producer of cargo ships, which is the major application of TMCP steel. Steel sees high demand in Japan's construction sector, followed by industrial machinery and vehicle industries.
East Asia is also one of the leading consumers of TMCP steel accounting for 55.8% of the global consumption. The already established steel industry in East Asia has remained the primary demand generator for TMCP steel for more innovation and product manufacturing processes.
Category-Wise Analysis
Will Shipbuilding Continue Accounting for a Huge Chunk of TMCP Steel Consumption?
The shipbuilding industry is one of the most significant users of TMCP steel and TMCP plates. The steel industry's outstanding efforts, combined with various technological advancements in the shipbuilding industry, have propelled them to new heights.
Cargo or huge ships can withstand storms and strong winds just because the steel used in them is subjected to TMCP, which improves the ship's efficiency and strength. Shipbuilding is the world's largest consumer of TMC processed steel, which is produced at several steel mills. All in all, steel is the most adaptable material for both, the ship's interiors and exteriors.
TMCP is used in the manufacturing of container vessels, oil tankers, doors, propellers, and rudder pintles. Considering oil tankers, crude petroleum causes multiple pits on traditional oil tankers, the purpose of which is still obscure. Many manufactories have searched for alternatives to these pits because they pollute the oceans.
Hence, the creation of high-strength steel bottom plates for crude petroleum tankers and reservoirs is significant. These corrosion-resistant plates keep petroleum and from contaminating the oceans.
The shipbuilding sector is projected to account for a high market share of 25.5% over the forecast period (2022 to 2032).
How is TMCP Steel Benefiting the Construction Sector?
Steel is the most essential material for heavy steel structures, particularly heavy plates. As a result, it should come as no surprise that increasing the efficiency of steel products in the design, construction, and service life of a steel structure is critical.
This TMC process is used to manufacture high-strength steel plates because it ensures good fabrication and utilisation qualities. These plates are now manufactured up to a yield strength of 500 MPa and are extensively used in great spans of iconic bridges.
However, these materials can also be used for other purposes such as industrial buildings or medium-span bridges. Furthermore, for unique structural elements in bridges and buildings, extra high-strength steel with a yield strength of up to 690 MPa is sometimes employed. A quenching and tempering process is used to create these steel types.
High-strength pipelines or even penstocks are some of the applications of TMCP steel. Pipes account for approximately 12.8% of the global TMCP share from the application segment. High-pressure penstock lines are also manufactured using TMCP steel due to its high strength and stiffness.
Owing to all these factors, the construction sector is projected to account for a market share of approximately 38.5% by 2032.
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
Competition Landscape
Hyundai Steel, JFE Steel, Nippon Steel and Sumitomo Metals, Victor Steel Co., AM/NS, POSCO, Dongkuk, Baosteel, NLMK, Ansteel, Shougang, TISCO, and Voestalpine AG are key manufacturers of TMCP steel.
Market players are opting for a mix of organic and inorganic growth strategies, such as innovation and collaborations, to increase their market shares.
Tier-1 players have remained active in terms of overall investments being done in the TMCP steel market and are looking forward to creating future revenue-generating opportunities in target markets. Tier-2 players have also been following suit by reducing their margins to target price-sensitive and growing markets, especially in the Asian regions.
Fact.MR has provided detailed information about the overall strategies adopted by players in the TMCP steel market, along with their detailed overviews, including SWOT analysis and revenue generated from targeted TMCP steel manufacturers positioned across geographies, in addition to providing sales growth information, production capacity, and speculative production expansion, in the recently published report.
Key Segments Covered in TMCP Steel Industry Survey
-
TMCP Steel Market by Thickness (mm) :
- 5 – 20
- 20 – 50
- 50 – 100
- 100 – 120
-
TMCP Steel Market by Application :
- Shipbuilding
- Offshore Structures
- Construction
- Line Pipes
- Buildings
- Bridges
- Penstocks
- Tanks
- Cryogenic Storage Tanks
- Chemical Tanks
- Commercial Vehicles
- Earth-moving Equipment
- Cranes
-
TMCP Steel Market by Region :
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- Middle East & Africa
Table of Content
- 1. Global Market - Executive Summary
- 2. Market Overview
- 3. Market Background and Foundation Data
- 4. Global Market Volume (MMT) Analysis and Forecast
- 5. Global - Pricing Analysis
- 6. Global Market Value (US$ Mn) Analysis and Forecast
- 7. Global Market Analysis and Forecast, By Thickness
- 7.1. 5 – 20 mm
- 7.2. 20 – 50 mm
- 7.3. 50 – 100 mm
- 7.4. 100 – 120 mm
- 8. Global Market Analysis and Forecast, By Application
- 8.1. Shipbuilding
- 8.2. Offshore structures
- 8.3. Construction
- 8.3.1. Line pipes
- 8.3.2. Buildings
- 8.3.3. Bridges
- 8.3.4. Penstocks
- 8.4. Tanks
- 8.4.1. Cryogenic storage tanks
- 8.4.2. Chemical tanks
- 8.5. Commercial Vehicles
- 8.5.1. Earth-moving equipment
- 8.5.2. Cranes
- 9. Global Market Analysis and Forecast, by Region
- 9.1. North America
- 9.2. Latin America
- 9.3. Europe
- 9.4. East Asia
- 9.5. South Asia & Oceania
- 9.6. Middle East & Africa
- 10. North America Market Analysis and Forecast
- 11. Latin America Market Analysis and Forecast
- 12. Europe Market Analysis and Forecast
- 13. East Asia Market Analysis and Forecast
- 14. South Asia & Oceania Market Analysis and Forecast
- 15. Middle East & Africa Market Analysis and Forecast
- 16. Country-level Market Analysis and Forecast
- 17. Global Market Structure Analysis
- 18. Global Competition Analysis
- 18.1. Hyundai Steel
- 18.2. JFE Steel
- 18.3. Nippon Steel and Sumitomo Metals
- 18.4. Victor Steel Co
- 18.5. AM/NS
- 18.6. POSCO
- 18.7. Dongkuk
- 18.8. Baosteel
- 18.9. NLMK
- 18.10. Ansteel
- 18.11. Shougang
- 18.12. TISCO
- 18.13. Voestalpine AG
- 18.14. Other Companies available on request
- 19. Assumptions & Acronyms Used
- 20. Research Methodology
Don't Need a Global Report?
save 40%! on Country & Region specific reports
List Of Table
Table 01: Global Market Volume (MMT) and Forecast By Thickness, 2018 to 2032
Table 02: Global Market Value (US$ Mn) and Forecast By Thickness, 2018 to 2032
Table 03: Global Market Volume (MMT) and Forecast By Application, 2018 to 2032
Table 04: Global Market Value (US$ Mn) and Forecast By Application, 2018 to 2032
Table 05: Global Market Volume (MMT) and Forecast By Region, 2018 to 2032
Table 06: Global Market Value (US$ Mn) and Forecast By Region, 2018 to 2032
Table 07: North America Market Volume (MMT) and Forecast By Thickness, 2018 to 2032
Table 08: North America Market Value (US$ Mn) and Forecast By Thickness, 2018 to 2032
Table 09: North America Market Volume (MMT) and Forecast By Application, 2018 to 2032
Table 10: North America Market Value (US$ Mn) and Forecast By Application, 2018 to 2032
Table 11: North America Market Volume (MMT) and Forecast by Country, 2018 to 2032
Table 12: North America Market Value (US$ Mn) and Forecast by Country, 2018 to 2032
Table 13: Latin America Market Volume (MMT) and Forecast By Thickness, 2018 to 2032
Table 14: Latin America Market Value (US$ Mn) and Forecast By Thickness, 2018 to 2032
Table 15: Latin America Market Volume (MMT) and Forecast By Application, 2018 to 2032
Table 16: Latin America Market Value (US$ Mn) and Forecast By Application, 2018 to 2032
Table 17: Latin America Market Volume (MMT) and Forecast By Country, 2018 to 2032
Table 18: Latin America Market Value (US$ Mn) and Forecast By Country, 2018 to 2032
Table 19: Europe Market Volume (MMT) and Forecast By Thickness, 2018 to 2032
Table 20: Europe Market Value (US$ Mn) and Forecast By Thickness, 2018 to 2032
Table 21: Europe Market Volume (MMT) and Forecast By Application, 2018 to 2032
Table 22: Europe Market Value (US$ Mn) and Forecast By Application, 2018 to 2032
Table 23: Europe Market Volume (MMT) and Forecast By Country, 2018 to 2032
Table 24: Europe Market Value (US$ Mn) and Forecast By Country, 2018 to 2032
Table 25: East Asia Market Volume (MMT) and Forecast By Thickness, 2018 to 2032
Table 26: East Asia Market Value (US$ Mn) and Forecast By Thickness, 2018 to 2032
Table 27: East Asia Market Volume (MMT) and Forecast By Application, 2018 to 2032
Table 28: East Asia Market Value (US$ Mn) and Forecast By Application, 2018 to 2032
Table 29: East Asia Market Volume (MMT) and Forecast By Country, 2018 to 2032
Table 30: East Asia Market Value (US$ Mn) and Forecast By Country, 2018 to 2032
Table 31: SAO Market Volume (MMT) and Forecast By Thickness, 2018 to 2032
Table 32: SAO Market Value (US$ Mn) and Forecast By Thickness, 2018 to 2032
Table 33: SAO Market Volume (MMT) and Forecast By Application, 2018 to 2032
Table 34: SAO Market Value (US$ Mn) and Forecast By Application, 2018 to 2032
Table 35: SAO Market Volume (MMT) and Forecast By Country, 2018 to 2032
Table 36: SAO Market Value (US$ Mn) and Forecast By Country, 2018 to 2032
Table 37: MEA Market Volume (MMT) and Forecast By Thickness, 2018 to 2032
Table 38: MEA Market Value (US$ Mn) and Forecast By Thickness, 2018 to 2032
Table 39: MEA Market Volume (MMT) and Forecast By Application, 2018 to 2032
Table 40: MEA Market Value (US$ Mn) and Forecast By Application, 2018 to 2032
Table 41: MEA Market Volume (MMT) and Forecast By Country, 2018 to 2032
Table 42: MEA Market Value (US$ Mn) and Forecast By Country, 2018 to 2032
More Insights, Lesser Cost (-50% off)
Insights on import/export production,
pricing analysis, and more – Only @ Fact.MR
List Of Figures
Figure 01: Global Market Volume (MMT), Value (US$ Mn), Forecast and Analysis, 2022 to 2032
Figure 02: Global Market Value Y-o-Y Growth and Forecast, 2018 to 2032
Figure 03: Global Market incremental $ opportunity, 2020 to 2032
Figure 04: Global Market Share Forecast By Thickness, 2022 and 2032
Figure 05: Global Market Y-o-Y Growth Rate By Thickness type, 2018 to 2032
Figure 06: Global Market Volume (MMT) and Forecast By Thickness, 2018 to 2032
Figure 07: Global Market Value (US$ Mn) and Forecast By Thickness, 2018 to 2032
Figure 08: Global Market Attractiveness Analysis By Thickness, 2022 to 2032
Figure 09: Global Market Share Forecast By Application, 2022 and 2032
Figure 10: Global Market Y-o-Y Growth Rate By Application, 2018 to 2032
Figure 11: Global Market Volume (MMT) and Forecast By Application, 2018 to 2032
Figure 12: Global Market Value (US$ Mn) and Forecast By Application, 2018 to 2032
Figure 13: Global Market Attractiveness Analysis By Application, 2022 to 2032
Figure 14: Global Market Share Forecast By Region, 2022 and 2032
Figure 15: Global Market Y-o-Y Growth Rate By Region, 2018 to 2032
Figure 16: Global Market Volume (MMT) and Forecast By Region, 2018 to 2032
Figure 17: Global Market Value (US$ Mn) and Forecast By Region, 2018 to 2032
Figure 18: Global Market Attractiveness Analysis By Region, 2022 to 2032
Figure 19: North America Market Volume (MMT), Value (US$ Mn), Forecast and Analysis, 2022 to 2032
Figure 20: North America Market Share Forecast By Thickness, 2022 and 2032
Figure 21: North America Market Y-o-Y Growth Rate By Thickness type, 2018 to 2032
Figure 22: North America Market Volume (MMT) and Forecast By Thickness, 2018 to 2032
Figure 23: North America Market Value (US$ Mn) and Forecast By Thickness, 2018 to 2032
Figure 24: North America Market Attractiveness Analysis By Thickness, 2022 to 2032
Figure 25: North America Market Share Forecast By Application, 2022 and 2032
Figure 26: North America Market Y-o-Y Growth Rate By Application, 2018 to 2032
Figure 27: North America Market Volume (MMT) and Forecast By Application, 2018 to 2032
Figure 28: North America Market Value (US$ Mn) and Forecast By Application, 2018 to 2032
Figure 29: North America Market Attractiveness Analysis By Application, 2022 to 2032
Figure 30: North America Market Share Forecast By Country, 2022 and 2032
Figure 31: North America Market Y-o-Y Growth Rate By Country, 2018 to 2032
Figure 32: North America Market Volume (MMT) and Forecast By Country, 2018 to 2032
Figure 33: North America Market Value (US$ Mn) and Forecast By Country, 2018 to 2032
Figure 34: North America Market Attractiveness Analysis by Country, 2022 to 2032
Figure 35: North America Market Incremental $ opportunity by Country, 2020 to 2032
Figure 36: Latin America Market Volume (MMT), Value (US$ Mn), Forecast and Analysis, 2022 to 2032
Figure 37: Latin America Market Share Forecast By Thickness, 2022 and 2032
Figure 38: Latin America Market Y-o-Y Growth Rate By Thickness type, 2018 to 2032
Figure 39: Latin America Market Volume (MMT) and Forecast By Thickness, 2018 to 2032
Figure 40: Latin America Market Value (US$ Mn) and Forecast By Thickness, 2018 to 2032
Figure 41: Latin America Market Attractiveness Analysis By Thickness, 2022 to 2032
Figure 42: Latin America Market Share Forecast By Application, 2022 and 2032
Figure 43: Latin America Market Y-o-Y Growth Rate By Application, 2018 to 2032
Figure 44: Latin America Market Volume (MMT) and Forecast By Application, 2018 to 2032
Figure 45: Latin America Market Value (US$ Mn) and Forecast By Application, 2018 to 2032
Figure 46: Latin America Market Attractiveness Analysis By Application, 2022 to 2032
Figure 47: Latin America Market Share Forecast By Country, 2022 and 2032
Figure 48: Latin America Market Y-o-Y Growth Rate By Country, 2018 to 2032
Figure 49: Latin America Market Volume (MMT) and Forecast By Country, 2018 to 2032
Figure 50: Latin America Market Value (US$ Mn) and Forecast By Country, 2018 to 2032
Figure 51: Latin America Market Attractiveness Analysis by Country, 2022 to 2032
Figure 52: Latin America Market Incremental $ opportunity by Country, 2020 to 2032
Figure 53: Europe Market Volume (MMT), Value (US$ Mn), Forecast and Analysis, 2022 to 2032
Figure 54: Europe Market Share Forecast By Thickness, 2022 and 2032
Figure 55: Europe Market Y-o-Y Growth Rate By Thickness type, 2018 to 2032
Figure 56: Europe Market Volume (MMT) and Forecast By Thickness, 2018 to 2032
Figure 57: Europe Market Value (US$ Mn) and Forecast By Thickness, 2018 to 2032
Figure 58: Europe Market Attractiveness Analysis By Thickness, 2022 to 2032
Figure 59: Europe Market Share Forecast By Application, 2022 and 2032
Figure 60: Europe Market Y-o-Y Growth Rate By Application, 2018 to 2032
Figure 61: Europe Market Volume (MMT) and Forecast By Application, 2018 to 2032
Figure 62: Europe Market Value (US$ Mn) and Forecast By Application, 2018 to 2032
Figure 63: Europe Market Attractiveness Analysis By Application, 2022 to 2032
Figure 64: Europe Market Share Forecast By Country, 2022 and 2032
Figure 65: Europe Market Y-o-Y Growth Rate By Country, 2018 to 2032
Figure 66: Europe Market Volume (MMT) and Forecast By Country, 2018 to 2032
Figure 67: Europe Market Value (US$ Mn) and Forecast By Country, 2018 to 2032
Figure 68: Europe Market Attractiveness Analysis by Country, 2022 to 2032
Figure 69: Europe Market Incremental $ opportunity by Country, 2020 to 2032
Figure 70: East Asia Market Volume (MMT), Value (US$ Mn), Forecast and Analysis, 2022 to 2032
Figure 71: East Asia Market Share Forecast By Thickness, 2022 and 2032
Figure 72: East Asia Market Y-o-Y Growth Rate By Thickness type, 2018 to 2032
Figure 73: East Asia Market Volume (MMT) and Forecast By Thickness, 2018 to 2032
Figure 74: East Asia Market Value (US$ Mn) and Forecast By Thickness, 2018 to 2032
Figure 75: East Asia Market Attractiveness Analysis By Thickness, 2022 to 2032
Figure 76: East Asia Market Share Forecast By Application, 2022 and 2032
Figure 77: East Asia Market Y-o-Y Growth Rate By Application, 2018 to 2032
Figure 78: East Asia Market Volume (MMT) and Forecast By Application, 2018 to 2032
Figure 79: East Asia Market Value (US$ Mn) and Forecast By Application, 2018 to 2032
Figure 80: East Asia Market Attractiveness Analysis By Application, 2022 to 2032
Figure 81: East Asia Market Share Forecast By Country, 2022 and 2032
Figure 82: East Asia Market Y-o-Y Growth Rate By Country, 2018 to 2032
Figure 83: East Asia Market Volume (MMT) and Forecast By Country, 2018 to 2032
Figure 84: East Asia Market Value (US$ Mn) and Forecast By Country, 2018 to 2032
Figure 85: East Asia Market Attractiveness Analysis by Country, 2022 to 2032
Figure 86: East Asia Market Incremental $ opportunity by Country, 2020 to 2032
Figure 87: SAO Market Volume (MMT), Value (US$ Mn), Forecast and Analysis, 2022 to 2032
Figure 88: SAO Market Share Forecast By Thickness, 2022 and 2032
Figure 89: SAO Market Y-o-Y Growth Rate By Thickness type, 2018 to 2032
Figure 90: SAO Market Volume (MMT) and Forecast By Thickness, 2018 to 2032
Figure 91: SAO Market Value (US$ Mn) and Forecast By Thickness, 2018 to 2032
Figure 92: SAO Market Attractiveness Analysis By Thickness, 2022 to 2032
Figure 93: SAO Market Share Forecast By Application, 2022 and 2032
Figure 94: SAO Market Y-o-Y Growth Rate By Application, 2018 to 2032
Figure 95: SAO Market Volume (MMT) and Forecast By Application, 2018 to 2032
Figure 96: SAO Market Value (US$ Mn) and Forecast By Application, 2018 to 2032
Figure 97: SAO Market Attractiveness Analysis By Application, 2022 to 2032
Figure 98: SAO Market Share Forecast By Country, 2022 and 2032
Figure 99: SAO Market Y-o-Y Growth Rate By Country, 2018 to 2032
Figure 100: SAO Market Volume (MMT) and Forecast By Country, 2018 to 2032
Figure 101: SAO Market Value (US$ Mn) and Forecast By Country, 2018 to 2032
Figure 102: SAO Market Attractiveness Analysis by Country, 2022 to 2032
Figure 103: SAO Market Incremental $ opportunity by Country, 2020-
Figure 104: MEA Market Volume (MMT), Value (US$ Mn), Forecast and Analysis, 2022 to 2032
Figure 105: MEA Market Share Forecast By Thickness, 2022 and 2032
Figure 106: MEA Market Y-o-Y Growth Rate By Thickness type, 2018 to 2032
Figure 107: MEA Market Volume (MMT) and Forecast By Thickness, 2018 to 2032
Figure 108: MEA Market Value (US$ Mn) and Forecast By Thickness, 2018 to 2032
Figure 109: MEA Market Attractiveness Analysis By Thickness, 2022 to 2032
Figure 110: MEA Market Share Forecast By Application, 2022 and 2032
Figure 111: MEA Market Y-o-Y Growth Rate By Application, 2018 to 2032
Figure 112: MEA Market Volume (MMT) and Forecast By Application, 2018 to 2032
Figure 113: MEA Market Value (US$ Mn) and Forecast By Application, 2018 to 2032
Figure 114: MEA Market Attractiveness Analysis By Application, 2022 to 2032
Figure 115: MEA Market Share Forecast By Country, 2022 and 2032
Figure 116: MEA Market Y-o-Y Growth Rate By Country, 2018 to 2032
Figure 117: MEA Market Volume (MMT) and Forecast By Country, 2018 to 2032
Figure 118: MEA Market Value (US$ Mn) and Forecast By Country, 2018 to 2032
Figure 119: MEA Market Attractiveness Analysis by Country, 2022 to 2032
Figure 120: MEA Market Incremental $ opportunity by Country, 2020-
Figure 121: US Market Volume (MMT), Value (US$ Mn), Forecast and Analysis, 2022 to 2032
Figure 122: US Market Value, By Thickness, 2022 & 2032
Figure 123: US Market Value, By Application, 2022 & 2032
Figure 124: Canada Market Volume (MMT), Value (US$ Mn), Forecast and Analysis, 2022 to 2032
Figure 125: Canada Market Value, By Thickness, 2022 & 2032
Figure 126: Canada Market Value, By Application, 2022 & 2032
Figure 127: Mexico Market Volume (MMT), Value (US$ Mn), Forecast and Analysis, 2022 to 2032
Figure 128: Mexico Market Value, By Thickness, 2022 & 2032
Figure 129: Mexico Market Value, By Application, 2022 & 2032
Figure 130: Brazil Market Volume (MMT), Value (US$ Mn), Forecast and Analysis, 2022 to 2032
Figure 131: Brazil Market Value, By Thickness, 2022 & 2032
Figure 132: Brazil Market Value, By Application, 2022 & 2032
Figure 133: Germany Market Volume (MMT), Value (US$ Mn), Forecast and Analysis, 2022 to 2032
Figure 134: Germany Market Value, By Thickness, 2022 & 2032
Figure 135: Germany Market Value, By Application, 2022 & 2032
Figure 136: France Market Volume (MMT), Value (US$ Mn), Forecast and Analysis, 2022 to 2032
Figure 137: France Market Value, By Thickness, 2022 & 2032
Figure 138: France Market Value, By Application, 2022 & 2032
Figure 139: Italy Market Volume (MMT), Value (US$ Mn), Forecast and Analysis, 2022 to 2032
Figure 140: Italy Market Value, By Thickness, 2022 & 2032
Figure 141: Italy Market Value, By Application, 2022 & 2032
Figure 142: Spain Market Volume (MMT), Value (US$ Mn),Forecast and Analysis, 2022 to 2032
Figure 143: Spain Market Value, By Thickness, 2022 & 2032
Figure 144: Spain Market Value, By Application, 2022 & 2032
Figure 145: UK Market Volume (MMT), Value (US$ Mn), Forecast and Analysis, 2022 to 2032
Figure 146: UK Market Value, By Thickness, 2022 & 2032
Figure 147: UK Market Value, By Application, 2022 & 2032
Figure 148: Russia Market Volume (MMT), Value (US$ Mn), Forecast and Analysis, 2022 to 2032
Figure 149: Russia Market Value, By Thickness, 2022 & 2032
Figure 150: Russia Market Value, By Application, 2022 & 2032
Figure 151: China Market Volume (MMT), Value (US$ Mn), Forecast and Analysis, 2022 to 2032
Figure 152: China Market Value, By Thickness, 2022 & 2032
Figure 153: China Market Value, By Application, 2022 & 2032
Figure 154: India Market Volume (MMT), Value (US$ Mn), Forecast and Analysis, 2022 to 2032
Figure 155: India Market Value, By Thickness, 2022 & 2032
Figure 156: India Market Value, By Application, 2022 & 2032
Figure 157: Japan Market Volume (MMT), Value (US$ Mn), Forecast and Analysis, 2022 to 2032
Figure 158: Japan Market Value, By Thickness, 2022 & 2032
Figure 159: Japan Market Value, By Application, 2022 & 2032
Figure 160: South Korea Market Volume (MMT), Value (US$ Mn), Forecast and Analysis, 2022 to 2032
Figure 161: South Korea Market Value, By Thickness, 2022 & 2032
Figure 162: South Korea Market Value, By Application, 2022 & 2032
Figure 163: Australia Market Volume (MMT), Value (US$ Mn), Forecast and Analysis, 2022 to 2032
Figure 164: Australia Market Value, By Thickness, 2022 & 2032
Figure 165: Australia Market Value, By Application, 2022 & 2032
Figure 166: Saudi Arabia Market Volume (MMT), Value (US$ Mn), Forecast and Analysis, 2022 to 2032
Figure 167: Saudi Arabia Market Value, By Thickness, 2022 & 2032
Figure 168: Saudi Arabia Market Value, By Application, 2022 & 2032
Figure 169: South Africa Market Volume (MMT), Value (US$ Mn), Forecast and Analysis, 2022 to 2032
Figure 170: South Africa Market Value, By Thickness, 2022 & 2032
Figure 171: South Africa Market Value, By Application, 2022 & 2032
Figure 172: UAE Market Volume (MMT), Value (US$ Mn), Forecast and Analysis, 2022 to 2032
Figure 173: UAE Market Value, By Thickness, 2022 & 2032
Figure 174: UAE Market Value, By Application, 2022 & 2032
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
How much is the TMCP steel market valued at?
The global TMCP steel market stands at US$ 135.2 billion in 2022.
At what CAGR is the market expected to evolve?
Worldwide TMCP steel consumption is anticipated to increase at a CAGR of 5.8% through 2032.
How did the market fare over the past few years?
TMCP steel market size expanded at a CAGR of 3.1% between 2017 and 2021.
How are key players reacting to developments in the market?
Key TMCP steel manufacturers are involved in investing in R&D to reduce overall production complexity and are focussing on price stabilization to gain a competitive advantage in the market.
Who are the prominent TMCP steel manufacturers?
Top companies manufacturing TMCP steel are Hyundai Steel, JFE Steel, Nippon Steel and Sumitomo Metals, Victor Steel Co. AM/NS, POSCO, Dongkuk, Baosteel, NLMK, Ansteel, Shougang, TISCO and Voestalpine AG.
What outlook does the North America TMCP steel market provide?
North America is estimated to hold over 10% share of the global TMCP steel market.
TMCP Steel Market