TOP CATEGORY: Chemicals & Materials | Life Sciences | Banking & Finance | ICT Media
Download Report PDF Instantly
Report overview
The China Clad Steel Plate market size was valued at US$ 1.23 billion in 2024 and is projected to reach US$ 1.75 billion by 2030, at a CAGR of 6.0% during the forecast period 2024-2030.
Clad Steel Plate is a composite material consisting of two or more metal layers bonded together, combining the strength of one metal with the corrosion resistance or other properties of another, used in various industries requiring high-performance materials.
China's Clad Steel Plate market is growing robustly, driven by increasing demand in chemical processing, oil & gas, and shipbuilding industries. In 2023, China produced approximately 850,000 metric tons of clad steel plates, with 70% consumed domestically and 30% exported. The chemical and petrochemical sector remains the largest consumer, accounting for 45% of demand, followed by oil & gas at 30% and shipbuilding at 15%. The market benefited significantly from China's investments in new chemical plants and refinery upgrades, leading to a 25% increase in demand for corrosion-resistant clad plates in 2023. Technological advancements have focused on improving the bonding process and expanding the range of material combinations, with new products offering 30% better interfacial strength and 20% higher corrosion resistance compared to 2020 standards. The market is seeing strong growth in titanium-clad steel plates, increasing at 12% annually, driven by demands in offshore and desalination applications. In 2023, new environmental regulations in the chemical industry led to a 35% increase in the use of high-performance clad materials for processing equipment. The industry faces challenges from high production costs and competition from alternative materials, but the superior performance and long-term cost-effectiveness of clad steel continue to drive adoption in critical applications. Emerging applications in renewable energy infrastructure are showing promise, with clad steel for green hydrogen production facilities growing at 20% CAGR, albeit from a small base of 2% market share. Looking ahead, the market is expected to benefit from China's push towards advanced manufacturing, with specialized clad steel for next-generation nuclear reactors projected to grow at 15% CAGR through 2030.
This report contains market size and forecasts of Clad Steel Plate in China, including the following market information:
• China Clad Steel Plate Market Revenue, 2019-2024, 2024-2030, ($ millions)
• China Clad Steel Plate Market Sales, 2019-2024, 2024-2030,
• China Top five Clad Steel Plate companies in 2023 (%)
Report Includes
This report presents an overview of China market for Clad Steel Plate , sales, revenue and price. Analyses of the China market trends, with historic market revenue/sales data for 2019 - 2023, estimates for 2024, and projections of CAGR through 2030.
This report focuses on the Clad Steel Plate sales, revenue, market share and industry ranking of main manufacturers, data from 2019 to 2024. Identification of the major stakeholders in the China Clad Steel Plate market, and analysis of their competitive landscape and market positioning based on recent developments and segmental revenues.
This report will help stakeholders to understand the competitive landscape and gain more insights and position their businesses and market strategies in a better way.
This report analyzes the segments data by Type, and by Sales Channels, sales, revenue, and price, from 2019 to 2030. Evaluation and forecast the market size for Humidifier sales, projected growth trends, production technology, sales channels and end-user industry.
• Explosion Bonded
• Roll Bonded
• Oil & Gas
• Chemical Industry
• Water Treatment
• Other
Key Companies covered in this report:
• Angang Steel Company Limited
• Baosteel Group Corporation
• Wuhan Iron and Steel Corporation
• Jiangsu Shagang Group
• Ansteel Group Corporation
• Jinan Iron and Steel Group Corporation
• Benxi Steel Group Corporation
• Hebei Iron and Steel Group Co., Ltd
• Shandong Iron and Steel Group Co., Ltd
• Shougang Group Co., Ltd
Including or excluding key companies relevant to your analysis.
The report also provides analysis of leading market participants including:
• Key companies Clad Steel Plate revenues in Chinan market, 2019-2024 (Estimated), ($ millions)
• Key companies Clad Steel Plate revenues share in Chinan market, 2023 (%)
• Key companies Clad Steel Plate sales in Chinan market, 2019-2024 (Estimated),
• Key companies Clad Steel Plate sales share in Chinan market, 2023 (%)
Key Indicators Analysed
• Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2019-2030 & Sales with a thorough analysis of the market’s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.
• Chinan Market Analysis: The report includes Chinan market status and outlook 2019-2030. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.
• Market Trends: Market key trends which include Increased Competition and Continuous Innovations.
• Opportunities and Drivers: Identifying the Growing Demands and New Technology
• Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.
Key Benefits of This Market Research:
• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Clad Steel Plate Market
• Overview of the regional outlook of the Clad Steel Plate Market
Key Reasons to Buy this Report:
• Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change
• This enables you to anticipate market changes to remain ahead of your competitors
• You will be able to copy data from the Excel spreadsheet straight into your marketing plans, business presentations or other strategic documents
• The concise analysis, clear graph, and table format will enable you to pinpoint the information you require quickly
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry concerning recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 6-month post-sales analyst support
We offer additional regional and global reports that are similar:
• Global Clad Steel Plate Market
• United States Clad Steel Plate Market
• Japan Clad Steel Plate Market
• Germany Clad Steel Plate Market
• South Korea Clad Steel Plate Market
• Indonesia Clad Steel Plate Market
• Brazil Clad Steel Plate Market
Customization of the Report: In case of any queries or customization requirements, please connect with our sales team, who will ensure that your requirements are meet.
