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Report
India Quenched and Tempered Steel Market Report and Forecast 2023-2028
Market Report I 2023-10-23 I 180 Pages I EMR Inc.
India Quenched and Tempered Steel Market Report and Forecast 2023-2028
Market Outlook
According to the report by Expert Market Research (EMR), the India quenched and tempered steel market is projected to grow at a CAGR of 3.1% between 2023 and 2028. Aided by the increasing infrastructural development and heightened automotive production, the market is expected to grow significantly by 2028.
Quenched and tempered steel is a high-strength, wear-resistant steel that has undergone a heat treatment process known as quenching and tempering. This process enhances the steel's mechanical properties, such as hardness, strength, and ductility, making it an essential material in various products, including automobile parts, machinery, and construction equipment.
The increasing consumer preference for high-strength steel products is driving the India quenched and tempered steel market growth. With the growing awareness of the performance benefits associated with the use of high-strength steels, there has been a significant shift towards quenched and tempered steel products. Additionally, the rising trend of infrastructure development and rapid industrialisation has further contributed to the increasing popularity of quenched and tempered steel, as it is a common material in the construction of buildings, bridges, and various types of machinery.
The expanding applications of quenched and tempered steel in various industries also play a significant role in propelling the India quenched and tempered steel market development. In the automotive industry, quenched and tempered steel is used to produce parts that are resistant to wear and tear, thus extending the lifespan of vehicles.
The construction industry utilises quenched and tempered steel for its high strength and durability, which are crucial in the building of robust and long-lasting structures. Moreover, quenched and tempered steel's high resistance to wear makes it an essential component in the manufacturing of machinery used in various sectors, including mining, agriculture, and transportation, thus increasing the India quenched and tempered steel market demand.
Further, the growing demand for high-quality steel in the manufacturing and construction sectors has led to an increased focus on quenched and tempered steel as a viable material. With the rise of modern construction techniques and the increasing popularity of high-performance machinery, quenched and tempered steel has emerged as a critical component in the production of various products, thereby boosting the India quenched and tempered steel market expansion.
Market Segmentation
The market can be divided based on grade, thickness and width, usage, application, and region.
Market Breakup by Grade
- Grade 80
- Grade 400
- Grade 500
- Others
Market Breakup by Thickness and Width
- Thickness: 3 mm - 300 mm
- Width: 1000 mm - 4500 mm
Market Breakup by Usage
- Structural
- Pressure Vessels
Market Breakup by Application
- Automotive
- Shipbuilding
- General Engineering and Construction
- Chemical and Petrochemical
- Mining
- Aerospace
- Pulp and Paper
- Power Plants (Thermal and Renewable)
- Defence
- Nuclear
- Others
Market Breakup by Region
- North India
- East India
- West India
- South India
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the India quenched and tempered steel companies. Some of the major key players explored in the report by Expert Market Research are as follows:
- Essar Steel Ltd (Arcelor-Nippon Steel JV)
- SSAB AB
- JFE Steel Corporation
- Nippon Steel and Sumitomo Metal Corporation
- ThyssenKrupp AG
- Wuhan Iron & Steel Group
- Anshan Iron & Steel Group
- Jiangsu Shagang Group
- Posco
- Baosteel Group Co Ltd
- Bisalloy Steel Group
- Nanjing Iron & Steel Company Ltd
- Others
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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 India Quenched and Tempered Steel Market Overview
8.1 Key Industry Highlights
8.2 India Quenched and Tempered Steel Historical Market (2018-2022)
8.3 India Quenched and Tempered Steel Market Forecast (2023-2028)
9 India Quenched and Tempered Steel Market by Grade
9.1 Grade 80
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.2 Grade 400
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
9.3 Grade 500
9.3.1 Historical Trend (2018-2022)
9.3.2 Forecast Trend (2023-2028)
9.4 Others
10 India Quenched and Tempered Steel Market by Thickness and Width
10.1 Thickness: 3 mm - 300 mm
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.2 Width: 1000 mm - 4500 mm
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
11 India Quenched and Tempered Steel Market by Usage
11.1 Structural
11.1.1 Historical Trend (2018-2022)
11.1.2 Forecast Trend (2023-2028)
11.2 Pressure Vessels
11.2.1 Historical Trend (2018-2022)
11.2.2 Forecast Trend (2023-2028)
12 India Quenched and Tempered Steel Market by Application
12.1 Automotive
12.1.1 Historical Trend (2018-2022)
12.1.2 Forecast Trend (2023-2028)
12.2 Shipbuilding
12.2.1 Historical Trend (2018-2022)
12.2.2 Forecast Trend (2023-2028)
12.3 General Engineering and Construction
12.3.1 Historical Trend (2018-2022)
12.3.2 Forecast Trend (2023-2028)
12.4 Chemical and Petrochemical
12.4.1 Historical Trend (2018-2022)
12.4.2 Forecast Trend (2023-2028)
12.5 Mining
12.5.1 Historical Trend (2018-2022)
12.5.2 Forecast Trend (2023-2028)
12.6 Aerospace
12.6.1 Historical Trend (2018-2022)
12.6.2 Forecast Trend (2023-2028)
12.7 Pulp and Paper
12.7.1 Historical Trend (2018-2022)
12.7.2 Forecast Trend (2023-2028)
12.8 Power Plants (Thermal and Renewable)
12.8.1 Historical Trend (2018-2022)
12.8.2 Forecast Trend (2023-2028)
12.9 Defence
12.9.1 Historical Trend (2018-2022)
12.9.2 Forecast Trend (2023-2028)
12.10 Nuclear
12.10.1 Historical Trend (2018-2022)
12.10.2 Forecast Trend (2023-2028)
12.11 Others
13 India Quenched and Tempered Steel Market by Region
13.1 North India
13.1.1 Historical Trend (2018-2022)
13.1.2 Forecast Trend (2023-2028)
13.2 East India
13.2.1 Historical Trend (2018-2022)
13.2.2 Forecast Trend (2023-2028)
13.3 West India
13.3.1 Historical Trend (2018-2022)
13.3.2 Forecast Trend (2023-2028)
13.4 South India
13.4.1 Historical Trend (2018-2022)
13.4.2 Forecast Trend (2023-2028)
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter's Five Forces Analysis
14.2.1 Supplier's Power
14.2.2 Buyer's Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
15 Innovations and Trends
16 Three Year Projects in the Market
17 Price Analysis
18 Competitive Landscape
18.1 Market Structure
18.2 Company Profiles
18.2.1 Essar Steel Ltd (Arcelor-Nippon Steel JV)
18.2.1.1 Company Overview
18.2.1.2 Product Portfolio
18.2.1.3 Demographic Reach and Achievements
18.2.1.4 Certifications
18.2.2 SSAB AB
18.2.2.1 Company Overview
18.2.2.2 Product Portfolio
18.2.2.3 Demographic Reach and Achievements
18.2.2.4 Certifications
18.2.3 JFE Steel Corporation
18.2.3.1 Company Overview
18.2.3.2 Product Portfolio
18.2.3.3 Demographic Reach and Achievements
18.2.3.4 Certifications
18.2.4 Nippon Steel and Sumitomo Metal Corporation
18.2.4.1 Company Overview
18.2.4.2 Product Portfolio
18.2.4.3 Demographic Reach and Achievements
18.2.4.4 Certifications
18.2.5 ThyssenKrupp AG
18.2.5.1 Company Overview
18.2.5.2 Product Portfolio
18.2.5.3 Demographic Reach and Achievements
18.2.5.4 Certifications
18.2.6 Wuhan Iron & Steel Group
18.2.6.1 Company Overview
18.2.6.2 Product Portfolio
18.2.6.3 Demographic Reach and Achievements
18.2.6.4 Certifications
18.2.7 Anshan Iron & Steel Group
18.2.7.1 Company Overview
18.2.7.2 Product Portfolio
18.2.7.3 Demographic Reach and Achievements
18.2.7.4 Certifications
18.2.8 Jiangsu Shagang Group
18.2.8.1 Company Overview
18.2.8.2 Product Portfolio
18.2.8.3 Demographic Reach and Achievements
18.2.8.4 Certifications
18.2.9 Posco
18.2.9.1 Company Overview
18.2.9.2 Product Portfolio
18.2.9.3 Demographic Reach and Achievements
18.2.9.4 Certifications
18.2.10 Baosteel Group Co Ltd
18.2.10.1 Company Overview
18.2.10.2 Product Portfolio
18.2.10.3 Demographic Reach and Achievements
18.2.10.4 Certifications
18.2.11 Bisalloy Steel Group
18.2.11.1 Company Overview
18.2.11.2 Product Portfolio
18.2.11.3 Demographic Reach and Achievements
18.2.11.4 Certifications
18.2.12 Nanjing Iron & Steel Company Ltd
18.2.12.1 Company Overview
18.2.12.2 Product Portfolio
18.2.12.3 Demographic Reach and Achievements
18.2.12.4 Certifications
18.2.13 Others
19 Key Trends and Developments in the Market
20 Strategic Recommendations
20.1 Product Mix
20.2 Pricing Strategies
20.3 Key End-Use and Region to focus.
List of Key Figures and Tables
1. India Quenched and Tempered Steel Market: Key Industry Highlights, 2018 and 2028
2. India Quenched and Tempered Steel Historical Market: Breakup by Grade (USD Million), 2018-2022
3. India Quenched and Tempered Steel Market Forecast: Breakup by Grade (USD Million), 2023-2028
4. India Quenched and Tempered Steel Historical Market: Breakup by Thickness and Width (USD Million), 2018-2022
5. India Quenched and Tempered Steel Market Forecast: Breakup by Thickness and Width (USD Million), 2023-2028
6. India Quenched and Tempered Steel Historical Market: Breakup by Usages (USD Million), 2018-2022
7. India Quenched and Tempered Steel Market Forecast: Breakup by Usages (USD Million), 2023-2028
8. India Quenched and Tempered Steel Historical Market: Breakup by Application (USD Million), 2018-2022
9. India Quenched and Tempered Steel Market Forecast: Breakup by Application (USD Million), 2023-2028
10. India Quenched and Tempered Steel Historical Market: Breakup by Region (USD Million), 2018-2022
11. India Quenched and Tempered Steel Market Forecast: Breakup by Region (USD Million), 2023-2028
12. India Quenched and Tempered Steel Market Structure
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