Heat-Treated Steel Plates Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Report Covers Global Heat-Treated Steel Plates Industry Analysis and It is Segmented by Steel Type (Carbon Steel, Stainless Steel, And Alloy Steel), Heat Treatment Type (Annealing, Tempering, Normalizing, And Quenching), End-user Industry (Automotive and Heavy Machinery, Building and Construction, Ship Building and Off-Shore Structures, Energy and Power, And Other End-User Industries), And Geography (Asia Pacific, North America, Europe, South America, And Middle-East and Africa). The Report Offers Market Size and Forecasts for Heat-Treated Steel Plates in Revenue (USD Million) for all the Above Segments.

Heat-Treated Steel Plates Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Heat-Treated Steel Plates Market Size

Heat-treated Steel Plates Market Summary
Study Period 2019 - 2030
Market Size (2025) USD 7.62 Billion
Market Size (2030) USD 9.27 Billion
CAGR (2025 - 2030) 4.00 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific
Market Concentration Low

Major Players

Heat-treated Steel Plates Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Heat-Treated Steel Plates Market Analysis

The Heat-treated Steel Plates Market size is estimated at USD 7.62 billion in 2025, and is expected to reach USD 9.27 billion by 2030, at a CAGR of greater than 4% during the forecast period (2025-2030).

The market was significantly impacted by COVID-19 in 2020. Several countries were forced to go in lockdown owing to the pandemic scenario, which led to a shutdown of manufacturing facilities of almost every industry worldwide for a specified time. Disruption of industrial production impacted metals production, especially steel production. Furthermore, the building and construction industry experienced a temporary slowdown during the period. Currently, the market has recovered from the pandemic and is growing at a significant rate. COVID-19 negatively impacted the market in 2020. However, the market reached pre-pandemic levels in 2022 and is expected to grow steadily in the future.

  • The increasing applications in the production of heavy machinery and growing demand from the construction industry in developing countries are driving the market growth.
  • Fluctuating raw material prices is expected to hinder the market growth for heat-treated steel plates.
  • Increasing application in the energy and power sector is expected to act as an opportunity in the future.
  • Due to rapid industrialization and the growing construction sector, the Asia-Pacific region is expected to dominate the heat-treated steel plates market, globally.

Heat-Treated Steel Plates Industry Overview

The heat-treated steel plates market is partly fragmented in nature. The major players in the studied market (not in any particular order) include POSCO, NIPPON STEEL CORPORATION, TATA STEEL LIMITED, JFE Mineral & Alloy Company,Ltd., and thyssenKrupp Steel Europe, among others.

Heat-Treated Steel Plates Market Leaders

  1. POSCO

  2. JFE Mineral & Alloy Company,Ltd.

  3. thyssenKrupp Steel Europe

  4. NIPPON STEEL CORPORATION

  5. TATA STEEL LIMITED

  6. *Disclaimer: Major Players sorted in no particular order
Heat-treated Steel Market Concentration
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Heat-Treated Steel Plates Market News

  • October 2023: Tata Steel breaks the ground for its upcoming 7,50,000 tonne per annum scrap-based electric arc furnace (EAF) steel plant in Ludhiana.
  • September 2023: Tata Steel and the UK Government jointly agree on a proposal for the largest investment in the UK Steel Industry in developing the proposed transition pathway for the future of sustainable steelmaking in the UK.

Heat-Treated Steel Plates Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Drivers
    • 4.1.1 Increasing Applications in Machinery Production
    • 4.1.2 Growing Demand from Construction Industry in Developing Countries
    • 4.1.3 Other Drivers
  • 4.2 Restraints
    • 4.2.1 Fluctuating Raw Material Prices
    • 4.2.2 Other Restraints
  • 4.3 Industry Value Chain Analysis
  • 4.4 Porter's Five Forces Analysis
    • 4.4.1 Bargaining Power of Suppliers
    • 4.4.2 Bargaining Power of Buyers
    • 4.4.3 Threat of New Entrants
    • 4.4.4 Threat of Substitute Products and Services
    • 4.4.5 Degree of Competition

5. MARKET SEGMENTATION (Market Size in Value)

  • 5.1 By Steel Type
    • 5.1.1 Carbon Steel
    • 5.1.2 Stainless Steel
    • 5.1.3 Alloy Steel
  • 5.2 By Heat Treatment Type
    • 5.2.1 Annealing
    • 5.2.2 Tempering
    • 5.2.3 Normalizing
    • 5.2.4 Quenching
  • 5.3 By End-user Industry
    • 5.3.1 Automotive and Heavy Machinery
    • 5.3.2 Building and Construction
    • 5.3.3 Ship Building and Off-Shore Structures
    • 5.3.4 Energy and Power
    • 5.3.5 Others (Metalworking, Transportation, etc.)
  • 5.4 By Geography
    • 5.4.1 Asia Pacific
    • 5.4.1.1 China
    • 5.4.1.2 India
    • 5.4.1.3 Japan
    • 5.4.1.4 South Korea
    • 5.4.1.5 Malaysia
    • 5.4.1.6 Thailand
    • 5.4.1.7 Indonesia
    • 5.4.1.8 Vietnam
    • 5.4.1.9 Rest of Asia Pacific
    • 5.4.2 North America
    • 5.4.2.1 United States
    • 5.4.2.2 Canada
    • 5.4.2.3 Mexico
    • 5.4.3 Europe
    • 5.4.3.1 Germany
    • 5.4.3.2 United Kingdom
    • 5.4.3.3 France
    • 5.4.3.4 Italy
    • 5.4.3.5 Spain
    • 5.4.3.6 NORDIC
    • 5.4.3.7 Turkey
    • 5.4.3.8 Russia
    • 5.4.3.9 Rest of Europe
    • 5.4.4 South America
    • 5.4.4.1 Brazil
    • 5.4.4.2 Argentina
    • 5.4.4.3 Colombia
    • 5.4.4.4 Rest of South America
    • 5.4.5 Middle-East and Africa
    • 5.4.5.1 Saudi Arabia
    • 5.4.5.2 South Africa
    • 5.4.5.3 Nigeria
    • 5.4.5.4 Qatar
    • 5.4.5.5 Egypt
    • 5.4.5.6 UAE
    • 5.4.5.7 Rest of Middle-East and Africa

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Market Share (%)**/Ranking Analysis
  • 6.3 Strategies Adopted by Leading Players
  • 6.4 Company Profiles
    • 6.4.1 ArcelorMittal
    • 6.4.2 Baosteel Group
    • 6.4.3 HYUNDAI STEEL
    • 6.4.4 JFE Mineral & Alloy Company,Ltd.
    • 6.4.5 NIPPON STEEL CORPORATION
    • 6.4.6 NUCOR
    • 6.4.7 Outokumpu
    • 6.4.8 POSCO
    • 6.4.9 TATA STEEL LIMITED
    • 6.4.10 thyssenKrupp Steel Europe
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  • 7.1 Increasing Applications in Energy and Power
  • 7.2 Other Opportunities
**Subject to Availability
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Heat-Treated Steel Plates Industry Segmentation

Heat treatment is a controlled process used to change the microstructure of metals and alloys, like steel and aluminum. Heat treatment provides properties such as improved surface stiffness, temperature tolerance, ductility, and resilience to metal and alloys which is expected to help them last longer. With numerous benefits, heat-treated steel plates play an important role in the construction, infrastructure, and industrial machinery markets.

The heat-treated steel plates market is segmented by steel type, heat treatment type, end-user industry, and geography. By steel type, the market is segmented into carbon steel, stainless steel, and alloy steel. By heat treatment type, the market is segmented into annealing, tempering, normalizing, and quenching. By end-user industry, the market is segmented into automotive and heavy machinery, building and construction, shipbuilding and off-shore structures, energy and power, and others (metalworking, transportation, etc). The report also covers the market size and forecasts for the market in 27 countries across the globe. For each segment, the market sizing and forecasts have been done on the basis of value (USD).

By Steel Type Carbon Steel
Stainless Steel
Alloy Steel
By Heat Treatment Type Annealing
Tempering
Normalizing
Quenching
By End-user Industry Automotive and Heavy Machinery
Building and Construction
Ship Building and Off-Shore Structures
Energy and Power
Others (Metalworking, Transportation, etc.)
By Geography Asia Pacific China
India
Japan
South Korea
Malaysia
Thailand
Indonesia
Vietnam
Rest of Asia Pacific
North America United States
Canada
Mexico
Europe Germany
United Kingdom
France
Italy
Spain
NORDIC
Turkey
Russia
Rest of Europe
South America Brazil
Argentina
Colombia
Rest of South America
Middle-East and Africa Saudi Arabia
South Africa
Nigeria
Qatar
Egypt
UAE
Rest of Middle-East and Africa
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Heat-Treated Steel Plates Market Research FAQs

How big is the Heat-treated Steel Plates Market?

The Heat-treated Steel Plates Market size is expected to reach USD 7.62 billion in 2025 and grow at a CAGR of greater than 4% to reach USD 9.27 billion by 2030.

What is the current Heat-treated Steel Plates Market size?

In 2025, the Heat-treated Steel Plates Market size is expected to reach USD 7.62 billion.

Who are the key players in Heat-treated Steel Plates Market?

POSCO, JFE Mineral & Alloy Company,Ltd., thyssenKrupp Steel Europe, NIPPON STEEL CORPORATION and TATA STEEL LIMITED are the major companies operating in the Heat-treated Steel Plates Market.

Which is the fastest growing region in Heat-treated Steel Plates Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in Heat-treated Steel Plates Market?

In 2025, the Asia Pacific accounts for the largest market share in Heat-treated Steel Plates Market.

What years does this Heat-treated Steel Plates Market cover, and what was the market size in 2024?

In 2024, the Heat-treated Steel Plates Market size was estimated at USD 7.32 billion. The report covers the Heat-treated Steel Plates Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Heat-treated Steel Plates Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Heat Treated Steel Plates Industry Report

Statistics for the 2025 Heat-treated Steel Plates market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Heat-treated Steel Plates analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.