Global Wear Plate Market is valued at approximately USD XX billion in 2021 and is anticipated to grow with a healthy growth rate of more than XX % over the forecast period 2022-2028. Wear plate is an expendable item that is used to prevent excessive wear or damage to expensive equipment. A wear plate is commonly a type of abrasion-resistant steel plate that is considered extremely durable, especially under harsh conditions. The expansion by the companies due to surge in demand and growing waste management sector has led to the adoption of Wear Plate across the forecast period. For Instance: In 2021, ArcelorMittal announced that its Sestao steel facility in Spain will be the first full-scale zero-carbon steel plant in the world and in 2021, Bennes Vincent was the first tipper body manufacturer in France to introduce a new Hardox 500 Tuf steel-only product range. Also, with the growing research and development activities, the adoption & demand for Wear Plate is likely to increase the market growth during the forecast period. However, lack of raw materials impedes the growth of the market over the forecast period of 2022-2028.
The key regions considered for the Global Wear Plate Market study include Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading region across the world in terms of market share owing to the increasing demand from end-use applications, growing industrialization and increased demand for equipment protection materials. Whereas, Asia-Pacific is also anticipated to exhibit the highest growth rate over the forecast period 2022-2028. Factors such as the increasing application in iron and steel market would create lucrative growth prospects for the Wear Plate Market across Asia-Pacific region.
Major market players included in this report are:
PGI Steel
Thyssenkrupp
EMSCO
Ergotem USA
NeoNickel
Brown Mc Farlane
Hoverdale
voestalpine Stahl GmbH
Castolin GmbH
ASGCO
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Material Type:
Mild Steel
Austenitic Stainless Steel
Alloy
Bronze
Others
By End-use:
Mining
Power Generation
Cement & Refractories
Sugar
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year - 2018, 2019, 2020
Base year - 2021
Forecast period - 2022 to 2028
Target Audience of the Global Wear Plate Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors