Global Abrasion Resistant Steel Plate Market Outlook 2022

Abrasion Resistant Steel Plate are carbon steels used in high abrasion environments, such as in mining equipment, shredders or dumper bodies. Their abrasion resistance is typically measured in terms of indentation hardness.
Global key players of Abrasion Resistant Steel Plate include SSAB JFE, ThyssenKrupp, ESSAR, Steel Algoma and Dillinger, etc. Among them, SSAB is the largest manufacturer, with a share about 40 percent. Europe is the largest market, with a share over 50%, followed by North America and Japan. In terms of product, the 400 HB Abrasion Resistant Steel Plate is the largest segment, occupying for a share over 29%, followed by 500 HB Abrasion Resistant Steel Plate. In terms of application, Mining Equipment Industry is the largest market, followed by Construction Industry and other Industries.

Market Analysis and Insights: Global Abrasion Resistant Steel Plate Market
The global Abrasion Resistant Steel Plate market was valued at US$ 2660.6 million in 2020 and it is expected to reach US$ 3924.5 million by the end of 2027, growing at a CAGR of 4.5% during 2021-2027.

Global Abrasion Resistant Steel Plate Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.

Global Abrasion Resistant Steel Plate Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027. by Application segment also provides consumption during the forecast period of 2016 to 2027. Understanding the segments helps in identifying the importance of different factors that aid the market growth.

Segment by Brinell Hardness
Under HBW 400
400 HB
450 HB
500 HB
Above HBW 500

Segment by Application
Construction
Mining Equipment
Other

By Company
SSAB
JFE
ThyssenKrupp
ESSAR Steel Algoma
Dillinger
NSSMC
NLMK Clabecq
Bisalloy
ArcelorMittal
Acroni
Bisalloy Jigang
Salzgitter
Baowu Group
NanoSteel
ANSTEEL
WUYANG Steel
TISCO

Production by Region
Europe
North America
Japan
China

Consumption by Region
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Indonesia
Thailand
Malaysia
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE