Global Clad Steel Plate Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2031

According to our (Global Info Research) latest study, the global Clad Steel Plate market size was valued at US$ 1903 million in 2024 and is forecast to a readjusted size of USD 2554 million by 2031 with a CAGR of 4.3% during review period.

Clad steel plate is a composite steel plate made by bonding stainless steel, etc. (cladding material) to either or both sides of a carbon steel or low-alloy steel (base metal). Clad steel plate combines the necessary strength of a structural material (base metal) with the resistance to heat and corrosion (cladding material). Moreover, it offers substantial economic benefit, because it costs substantially less than plate made entirely of the cladding material.

Global key players of clad steel plate include Voestalpine, JFE, JSW, etc. Asia-Pacific is the largest producer of clad steel plate, holds a share about 60%, followed by Europe, and America. In terms of product, explosion bonded clad plate is the largest segment, with a share over 60%. And in terms of application, the largest segment is oil and gas, with a share about 60%.

The global clad steel plate market is witnessing strong growth, largely driven by rising demand across various industries, particularly in the oil & gas and chemical sectors. Clad steel plates, known for their corrosion resistance, are crucial in environments exposed to harsh chemicals, extreme temperatures, and pressures. With the expansion of oil exploration activities and the increasing need for reliable materials in petrochemical infrastructure, clad steel plates have become indispensable. Additionally, as energy companies continue to develop offshore drilling operations, the demand for corrosion-resistant materials like clad steel plates is expected to rise.

Another key factor driving the growth of the clad steel plate market is the increasing focus on infrastructure development, particularly in the renewable energy sector. Wind turbines, solar power plants, and hydropower installations often require durable, corrosion-resistant materials to ensure longevity and efficiency. As governments and corporations worldwide invest in green energy projects, the market for clad steel plates is benefiting from this shift toward sustainable infrastructure. Moreover, the growing need for high-performance materials in nuclear power plants, where safety and durability are critical, is also contributing to the market's expansion.

Technological advancements in the production of clad steel plates are further boosting market growth. Manufacturers are increasingly developing innovative cladding techniques that improve the quality and cost-effectiveness of the materials. Explosive cladding, for example, has gained popularity due to its ability to bond dissimilar metals with enhanced durability and resistance. This has led to wider adoption in diverse industries, including shipbuilding, aerospace, and construction. The ability of clad steel plates to combine the strength of steel with the corrosion resistance of materials like stainless steel or titanium makes them an attractive choice in applications where performance and longevity are paramount.

This report is a detailed and comprehensive analysis for global Clad Steel Plate market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.

Key Features:

Global Clad Steel Plate market size and forecasts, in consumption value ($ Million), sales quantity (K MT), and average selling prices (USD/MT), 2020-2031

Global Clad Steel Plate market size and forecasts by region and country, in consumption value ($ Million), sales quantity (K MT), and average selling prices (USD/MT), 2020-2031

Global Clad Steel Plate market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (K MT), and average selling prices (USD/MT), 2020-2031

Global Clad Steel Plate market shares of main players, shipments in revenue ($ Million), sales quantity (K MT), and ASP (USD/MT), 2020-2025

The Primary Objectives in This Report Are:

To determine the size of the total market opportunity of global and key countries

To assess the growth potential for Clad Steel Plate

To forecast future growth in each product and end-use market

To assess competitive factors affecting the marketplace

This report profiles key players in the global Clad Steel Plate market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Nobelclad, TISCO, Energometall, Shanxi Baotai, Dalian Shipbuilding, Voestalpine, JSW, JFE, Nippon Steel, Shandong Baode Metal, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.

Market Segmentation

Clad Steel Plate market is split by Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.

Market segment by Type
Explosion Bonded Clad Plate
Roll Bonded Clad Plate

Market segment by Application
Oil & Gas
Chemical Industry
Water Treatment
Others

Major players covered
Nobelclad
TISCO
Energometall
Shanxi Baotai
Dalian Shipbuilding
Voestalpine
JSW
JFE
Nippon Steel
Shandong Baode Metal
Jiangsu Huahong
Sichuan Jinglei
Xian Tianli

Market segment by region, regional analysis covers

North America (United States, Canada, and Mexico)

Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)

Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)

South America (Brazil, Argentina, Colombia, and Rest of South America)

Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

The content of the study subjects, includes a total of 15 chapters:

Chapter 1, to describe Clad Steel Plate product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top manufacturers of Clad Steel Plate, with price, sales quantity, revenue, and global market share of Clad Steel Plate from 2020 to 2025.

Chapter 3, the Clad Steel Plate competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.

Chapter 4, the Clad Steel Plate breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2020 to 2031.

Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2020 to 2031.

Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2020 to 2025.and Clad Steel Plate market forecast, by regions, by Type, and by Application, with sales and revenue, from 2026 to 2031.

Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.

Chapter 13, the key raw materials and key suppliers, and industry chain of Clad Steel Plate.

Chapter 14 and 15, to describe Clad Steel Plate sales channel, distributors, customers, research findings and conclusion.