Rockville, MD -- (SBWire) -- 06/29/2018 --In the future, wear resistant steel plates will witness an evolving demand as the specifications of end-users will become more diversified. Fact.MR 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.

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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.

Mining End-use of Wear Resistant Steel Plates to Translate High Profits

The overall end-use of wear resistant steel plates will be highest in the mining industry. In 2017, more than 7,600 thousand tons of wear resistant steel plates will be used for mining activities across the globe. Hydroelectric operations, excavating processes, slide conveyors, loaders, deflectors and chutes will be among the key applications of wear resistant steel plates in the mining industry. The end-use of wear resistant steel plates in construction industry will also remain lucrative, reflecting an average 27% share on global wear resistant steel plate market volumes through 2026.

Competitor Analysis: ArcelorMittal to Reflect Distinct Contribution towards Market Growth

ArcelorMittal, the world's largest steel producer, is a key stakeholder in the global market for wear resistant steel plates. The industry leader will witness stiff competition from prominent steel producers namely, Nippon Steel & Sumitomo Metal Corporation, China Baowu Steel Group Corporation Limited, and Ansteel Group Corporation. The global wear resistant steel plate competition landscape will also exhibit a consolidate participation of companies such as SSAB AB, Thyssenkrupp AG, DHS - Dillinger Hütte Saarstahl AG, Voestalpine AG, A R Brown McFarlane & Co Ltd, Precision Grinding, Inc., Xinyu Iron & Steel Co., Ltd., Bisalloy Steel Group Limited, Novolipetsk Steel, and Salzgitter Aktiengesellschaft. Collectively, these players will be responsible for catering to the global demands of wear resistant steel plates in the near future.

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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

5. Pricing Point Analysis
5.1. Price Point Assessment by Region
...

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