Shipbuilding Steel Plate Market size was valued at USD 30 Billion in 2024 and is projected to reach USD 45 Billion by 2033, exhibiting a CAGR of 5% from 2026 to 2033.
The global shipbuilding steel plate market was valued at approximately USD 7.8 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of around 5.2% from 2023 to 2030. The market growth is driven by the increasing demand for shipbuilding, particularly in emerging economies, along with advancements in steel manufacturing technology. The shipbuilding steel plate market is influenced by the rise in global trade, growing maritime industries, and the need for sustainable and durable materials for building large vessels such as tankers, cargo ships, and passenger ships. Additionally, innovations in steel grades and production processes are enhancing the performance and longevity of ships, contributing to market expansion. These factors will continue to foster market growth throughout the forecast period.
Regionally, Asia Pacific is the dominant region in the shipbuilding steel plate market, accounting for over 50% of the market share in 2022. The region's growth can be attributed to the high concentration of shipbuilding activities in countries such as China, South Korea, and Japan. North America and Europe also hold significant shares, driven by robust shipbuilding industries and increasing demand for specialized vessels. The Middle East and Africa, along with Latin America, are expected to exhibit strong growth rates, fueled by infrastructural developments, rising international trade, and advancements in shipbuilding technologies. The regional dynamics reflect diverse opportunities for market players to cater to the varying demands for shipbuilding steel plates across different global markets.
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POSCO
Hyundai Steel
JFE Steel
Kobelco
Nippon Steel
Arcelormittal
Hunan Valin Xiangtan Iron and Steel
China Minmetals Corporation
NISCO
Xin Steel
An Steel Group
Sha Steel
Shougang Group
Shandong Iron & Steel Group
Baowu Group
Voestalpine
Metinvest
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Shipbuilding Steel Plate Market
Hot Rolled Steel Plates
Cold Rolled Steel Plates
Quenched and Tempered Steel Plates
Electro-Galvanized Steel Plates
High Strength Low Alloy (HSLA) Steel
Structural Steel
Marine Grade Steel
Carbon Steel
Commercial Shipbuilding
Civil Engineering Projects
Military Vessels
Offshore Structures
Private Sector Shipbuilders
Government Agencies
Marine Equipment Manufacturers
Shipping and Logistics Companies
Thin Plates (Up to 10mm)
Medium Thickness Plates (10mm to 40mm)
Thick Plates (Above 40mm)
Customized Thickness Plates
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Shipbuilding Steel Plate Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Shipbuilding Steel Plate Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Shipbuilding Steel Plate Market, By Type
6. Global Shipbuilding Steel Plate Market, By Application
7. Global Shipbuilding Steel Plate Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Shipbuilding Steel Plate Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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