It also saves money on maintenance because it outlasts all other steels. The use of wear-resistant steel plates reduces the weight of the equipment by 30-40%. As a result, the global wear plates market is expected to grow at a CAGR of 6.3 percent between 2021 and 2031.
During the prediction era, Future Market Insights adopted a multidisciplinary approach to shed light on the success and progress of the Wear Plates Market. The study poses a profound plunge into the current growth dynamics and their major revenues of 2019, with key prospects over the forecast period.
The analysts at Future Market Insights have leveraged extensive rounds of critical and detailed secondary research to arrive at different Wear Plates Market forecasts and predictions, both national and international levels. They have utilized various industry-wide unmistakable business merge estimations, figures, and market information into income assessments and projections in the Wear Plates Market.
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Global Wear Plate Market by Category
By Material Type:
- Mild Steel
- Hardox
- Abrasion Resistant Grade
- Flame Hardened Grade
- Austenitic Stainless Steel
- Duplex
- Niobium Carbide
- Alloys
- Tungsten Carbide Coated Steel
- Chromium Carbide Coated Steel
- Boron Carbide Coated Steel
- Bronze
- Carbon Graphite
By Plate Thickness:
- 3 to 6 mm
- 6 to 10 mm
- 10 to 15 mm
- 15 to 20 mm
- 20 to 25 mm
- 25 to 50 mm
- 60 to 120 mm
- 120 to 150 mm
By End Use:
- Mining
- Power Generation
- Cement & Refractories
- Sugar
- Off-Road Construction & Earthmoving Equipment
- Waste Management
- Pulp & Paper
- Chemicals
- Steel & Aluminium Mills
- Others
By Region:
- North America
- Latin America
- Europe
- South Asia and Pacific
- East Asia
- Middle East & Africa (MEA)
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Key Players
Some of the key market participants in the global Wear Plates market, identified across the value chain include:
- SSAB
- JFE
- ThyssenKrupp
- Dillinger
- ArcelorMittal
- Essar Steel Algoma
- NSSMC
- Wuyang Steel
- Xinyu Iron & Steel
- NLMK Clabecq
- Baosteel Group
- Baohua Resistant Steel
- Bisalloy
- ANSTEEL
- TISCO
- Bisalloy Jigang
According to Future Market Insights (FMI), the wear plates market is likely to witness robust growth in the near future, on the back of expansion of end-use industries and applications in manufacturing.
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