Demand For Wear Resistant Steel Plates, Creating An Absolute $ Opportunity Of Us$ 570 Mn By The End Of 2029
A recently released Fact.MR report on the Survey of Wear Resistant Steel Plate Market is intended to offer reliable data on various key factors shaping the growth curve & outlook of Wear Resistant Steel Plate market. This report works as a rich source of information for key entities such as policy makers, end-use industries, investors, and opinion leaders.
The Market survey of Wear Resistant Steel Plate offers a comprehensive analysis of diverse features, including production capacities analysis of Wear Resistant Steel Plate, demand, product developments, revenue generation, and Size of Wear Resistant Steel Plate Market across the globe.
The Demand analysis of Wear Resistant Steel Plate Market offers a comprehensive analysis of diverse features, demand, product developments, revenue generation, and sales of Wear Resistant Steel Plate Market across the globe.
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Wear Resistant Steel Plate Market: Segmentation
Fact.MR has segmented the wear resistant steel plate market on the basis of product, end-use industry, and region.
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Untapped Applications Will Offer Remunerative Opportunities for Players
The global wear resistant steel plate market is relatively fragmented, in which SSAB AB, ArcelorMittal, Nippon Steel & Sumitomo Metal Corporation, Thyssenkrupp AG, Bisalloy Steel Group Limited and DHS – Dillinger Hutte Saarstahl AG are some of the key stakeholders.
To leverage the immense potential of the global wear resistant steel plate market, several organic and inorganic strategies have been observed by prominent players.
- For instance, in November 2018, SSAB, producer of advanced high-strength steels (AHSS) and quenched & tempered steels (Q&T), announced an investment of approximately US $100 million in Alabama to increases its high-strength steel production capacity by 130 kilotons.
- Similarly, in September 2019, ArcelorMittal, multinational steel manufacturer have announced an investment of US $500 million in Liberia’s mine to extend its mine life to ship around 15 million tons of ore per year. The mining activity will provide the necessary raw material to manufacture abrasion and impact resistant steels for an extended period.
- Furthermore, in March 2018, NIPPON STEEL CORPORATION, announced near US $5.5 billion of investment to expand its market reach worldwide considering mergers and acquisitions for the next three years.
