Global Extra-thick Crack Arrest Steel Plate Market Growth 2024-2030

Global Extra-thick Crack Arrest Steel Plate Market Growth 2024-2030

Crack resistant steel plate refers to steel plates that have the ability to prevent high-speed crack propagation. Extra thick steel plate usually refers to steel plates with a thickness greater than 50mm but not greater than 100mm.

The global Extra-thick Crack Arrest Steel Plate market size is projected to grow from US$ 508 million in 2024 to US$ 701 million in 2030; it is expected to grow at a CAGR of 5.5% from 2024 to 2030.

LP Information, Inc. (LPI) ' newest research report, the “Extra-thick Crack Arrest Steel Plate Industry Forecast” looks at past sales and reviews total world Extra-thick Crack Arrest Steel Plate sales in 2023, providing a comprehensive analysis by region and market sector of projected Extra-thick Crack Arrest Steel Plate sales for 2024 through 2030. With Extra-thick Crack Arrest Steel Plate sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Extra-thick Crack Arrest Steel Plate industry.

This Insight Report provides a comprehensive analysis of the global Extra-thick Crack Arrest Steel Plate landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Extra-thick Crack Arrest Steel Plate portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Extra-thick Crack Arrest Steel Plate market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Extra-thick Crack Arrest Steel Plate and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Extra-thick Crack Arrest Steel Plate.

The large-scale development of container ships will drive the demand for crack arrest steel. The development of global trade has driven the continuous increase of maritime cargo transportation volume. In order to pursue higher ship transportation efficiency, container ships are constantly developing towards large-scale and ultra large sizes. Starting from the construction of the first generation of container ships in the mid-1960s, after only 50 years of development, container ships have grown from a few hundred TEUs to over 20000 TEUs today, and may even develop into super container ships of 30000 TEUs. The emergence of ultra large container ships not only brings huge opportunities and challenges to the market, construction, environmental protection, port construction, etc., but also poses a series of challenges to shipbuilding materials and welding technology, and puts forward higher requirements for the selection of construction materials and ship safety. Brittle fracture of materials will lead to accidents on large container ships. The application of extra-thick crack arrest steel plates will effectively prevent such situations from occurring, so the large-scale container ships will drive the market demand for extra-thick crack arrest steel plates in container ships.

Previously, the extra-thick crack arrest steel plates for container ships market was mainly monopolized by steel companies in Japan, South Korea, and other countries. In recent years, with the successful development of high-strength crack arrest steel by major domestic steel mills such as Baosteel, Ansteel, Nanjing Iron and Steel, and Xiangtan Iron and Steel, China has surpassed in the field of anti cracking steel for large container ships and become the world's number one.

This report presents a comprehensive overview, market shares, and growth opportunities of Extra-thick Crack Arrest Steel Plate market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
80-90 mm
90-100 mm
Other

Segmentation by Application:
Container Ship Hull
Anti Torsion Box
Other

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
POSCO
JFE Steel Corporation
Nippon Steel Corporation
Kobe Steel
Baowu Group
Xiangtan Iron and Steel
ANSTEEL
Shagang Group
Nanjing Iron and Steel

Key Questions Addressed in this Report

What is the 10-year outlook for the global Extra-thick Crack Arrest Steel Plate market?

What factors are driving Extra-thick Crack Arrest Steel Plate market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Extra-thick Crack Arrest Steel Plate market opportunities vary by end market size?

How does Extra-thick Crack Arrest Steel Plate break out by Type, by Application?

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