Global Land Survey Equipment System Market Is Currently Valued At US$ 7.79 Billion By 2032

According to the latest market analysis by Fact.MR, a market research and competitive intelligence provider, market value for TMCP steel increased at a CAGR of 3.1% between 2017 and 2021.

TMCP steel consumption in shipbuilding and construction accounts for the market’s highest share, which is mainly attributed to the structural methodologies and output in the respective forms of the strength of plates.

TMCP steel has been gaining popularity because of the fine and homogenous acicular ferrite, which has the ability to improve strength and toughness. The arrest ability of this steel is higher than that of conventional steel. When it comes to formability, TMCP steel outperforms conventional steel in terms of strain ageing and line heating properties.

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Due to its low carbon content, TMCP steel is usually good at preventing a drop in toughness as a result of its fine ability for welding. Because it is treated to contain particles that restrict grain formation, some TMCP steel types are exceptional at resisting toughness loss, even at high heat inputs.

Steel processed through the thermomechanical controlled process also has enough carbon equivalent levels to ensure that joint strength is not compromised when exposed to high heat, and hence, these are also known as ‘high heat input resistant steels’.

Overall, the global market for TMCP steel is expected to expand at a CAGR of 5.8% through 2032.

Key Segments Covered in TMCP Steel Industry Survey

  • TMCP Steel Market by Thickness (mm) :

    • 5 – 20
    • 20 – 50
    • 50 – 100
    • 100 – 120
  • TMCP Steel Market by Application :

    • Shipbuilding
    • Offshore Structures
    • Construction
      • Line Pipes
      • Buildings
      • Bridges
      • Penstocks
    • Tanks
      • Cryogenic Storage Tanks
      • Chemical Tanks
    • Commercial Vehicles
      • Earth-moving Equipment
      • Cranes
  • TMCP Steel Market by Region :

    • North America
    • Latin America
    • Europe
    • East Asia
    • South Asia & Oceania
    • Middle East & Africa

Key Companies Profiled:

  • Hyundai Steel
  • JFE Steel
  • Nippon Steel and Sumitomo Metal
  • Victor Steel
  • AM/NS
  • Dongkuk
  • NLMK
  • Baosteel
  • Ansteel
  • Shaougang
  • Voestalpine AG

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