Abrasion Resistant Steel Sheet Market Revenue was valued at USD 15.2 Billion in 2024 and is estimated to reach USD 22.5 Billion by 2033, growing at a CAGR of 5.5% from 2026 to 2033.
The global Abrasion Resistant Steel Sheet market was valued at approximately USD 7.3 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 5.8% during the forecast period, reaching around USD 11.8 billion by 2030. The demand for abrasion resistant steel sheets is driven by their increasing use in industries such as construction, mining, and manufacturing, where equipment durability and resistance to wear are crucial. The markets growth is primarily attributed to the rising need for high performance materials in heavy duty applications. With a rising emphasis on reducing maintenance costs and extending the lifespan of machinery, the need for abrasion resistant materials is escalating globally.
Regionally, North America held the largest market share in 2022, accounting for over 35% of the total market value, due to the strong industrial base and advancements in the automotive and construction sectors. Europe followed with a substantial share, owing to stringent environmental regulations and the growth of the mining industry. Meanwhile, the Asia Pacific region is projected to witness the highest CAGR during the forecast period, driven by increasing industrialization, urbanization, and the demand for steel in emerging economies like China and India. These regions offer significant opportunities for market players, with expanding infrastructure projects and manufacturing activities creating a strong demand for abrasion resistant steel sheets.
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SSAB
JFE
ThyssenKrupp
ESSAR Steel Algoma
Dillinger
NSSMC
NLMK Clabecq
Bisalloy
ArcelorMittal
Acroni
Bisalloy Jigang
Salzgitter
Baowu Group
NanoSteel
ANSTEEL
WUYANG Steel
TISCO
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 Abrasion Resistant Steel Sheet Market
High-Strength Steel Sheets
Low-Strength Steel Sheets
Wear Resistant Plates
Quench and Tempered Steel Sheets
Mining and Mineral Processing
Construction and Earth Moving
Material Handling and Storage
Agricultural Equipment
Oil and Gas
Aerospace
Automotive
Heavy Machinery
Shipbuilding
Defense
Thin Sheets (≤ 6 mm)
Medium Sheets (6 mm - 15 mm)
Thick Sheets (> 15 mm)
Hot Rolled Steel Sheets
Cold Rolled Steel Sheets
Plasma Cut Sheets
Laser Cut Sheets
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 Abrasion Resistant Steel Sheet 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 Abrasion Resistant Steel Sheet Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Abrasion Resistant Steel Sheet Market, By Type
6. Global Abrasion Resistant Steel Sheet Market, By Application
7. Global Abrasion Resistant Steel Sheet Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Abrasion Resistant Steel Sheet Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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