Global Heat-treated Steel Plates Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Steel Type;

Carbon Steel, Alloy Steel, and Stainless Steel.

By Outlook;

Hardening & Tempering and Case Hardening.

By Application;

Bridges, Buildings, and Offshore Structures.

By End User;

Construction, Energy & Power, Industrial Machinery, Automotive & Defense Vehicles, Shipbuilding, and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn153114089 Published Date: May, 2025 Updated Date: June, 2025

Heat-treated Steel Plates Market Overview

Heat-treated Steel Plates Market (USD Million)

Heat-treated Steel Plates Market was valued at USD 129,483.44 million in the year 2024. The size of this market is expected to increase to USD 163,628.14 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 3.4%.


Global Heat-treated Steel Plates Market Growth, Share, Size, Trends and Forecast

*Market size in USD million

CAGR 3.4 %


Study Period2025 - 2031
Base Year2024
CAGR (%)3.4 %
Market Size (2024)USD 129,483.44 Million
Market Size (2031)USD 163,628.14 Million
Market ConcentrationHigh
Report Pages321
129,483.44
2024
163,628.14
2031

Major Players

  • POSCO
  • JFE Mineral & Alloy Company,Ltd.
  • thyssenKrupp Steel Europe
  • NIPPON STEEL CORPORATION
  • TATA STEEL LIMITED

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Global Heat-treated Steel Plates Market

Fragmented - Highly competitive market without dominant players


The Heat-treated Steel Plates Market is experiencing strong growth due to rising demand in structural and industrial sectors. Known for exceptional durability, mechanical strength, and resistance to wear, these plates are increasingly used in advanced engineering. Demand has surged by more than 12%, driven by booming infrastructure and precision fabrication needs across industries.

Advancements in Heat Treatment
Rapid developments in heat treatment techniques especially in quenching and tempering have improved output quality and production efficiency. The adoption of digital temperature control systems has enhanced operational efficiency by 17%, enabling producers to meet stringent industrial benchmarks and support diverse application profiles more effectively.

Industrial Applications Growth
Applications in automotive, shipbuilding, and construction sectors are expanding, with nearly 14% growth in consumption by heavy industries. Demand for plates with higher yield strength and impact resistance continues to rise, as manufacturers seek materials suited for demanding load-bearing conditions and long operational lifespans.

Market Growth Projection
With a 15% increase in demand for premium-grade heat-treated plates, the market is set for steady expansion. Strategic focus on process innovation, high-performance alloys, and industry-specific tailoring is expected to redefine production standards, keeping the market aligned with the evolving needs of modern industrial manufacturing.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Steel Type
    2. Market Snapshot, By Outlook
    3. Market Snapshot, By Application
    4. Market Snapshot, By End User
    5. Market Snapshot, By Region
  4. Heat-treated Steel Plates Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Rising Demand from End-Use Industries

        2. Growing Construction Activities

        3. Expanding Automotive Sector

      2. Restraints
        1. High Production Costs

        2. Volatility in Raw Material Prices

        3. Slow Adoption in Emerging Markets

      3. Opportunities
        1. Growing Infrastructure Investments

        2. Rising Demand for Energy Infrastructure

        3. Focus on Environmental Sustainability

    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Heat-treated Steel Plates Market, By Steel Type, 2021 - 2031 (USD Million)
      1. Carbon Steel

      2. Alloy Steel

      3. Stainless Steel

    2. Heat-treated Steel Plates Market, By Outlook, 2021 - 2031 (USD Million)

      1. Hardening & Tempering

      2. Case Hardening.

    3. Heat-treated Steel Plates Market, By Application, 2021 - 2031 (USD Million)
      1. Bridges
      2. Buildings
      3. Offshore Structures
    4. Heat-treated Steel Plates Market, By End User, 2021 - 2031 (USD Million)
      1. Construction

      2. Energy & Power

      3. Industrial Machinery

      4. Automotive & Defense Vehicles

      5. Shipbuilding

      6. Others

    5. Heat-treated Steel Plates Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. POSCO
      2. JFE Mineral & Alloy Company,Ltd.
      3. thyssenKrupp Steel Europe
      4. NIPPON STEEL CORPORATION
      5. TATA STEEL LIMITED
  7. Analyst Views
  8. Future Outlook of the Market