Global Quenched and Tempered Steel
Market Report
2025
The global Quenched and Tempered Steel Market size will be USD 34514.5 million in 2024. Growing adoption in the manufacturing sector for heavy-duty machinery and equipment is expected to boost sales to USD 55422.74 million by 2031, with a Compound Annual Growth Rate (CAGR) of 7.00% from 2024 to 2031.
The base year for the calculation is 2024 and 2021 to 2024 will be historical period. The year 2025 will be estimated one while the forecasted data will be from year 2025 to 2033. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the global Quenched and Tempered Steel Market size will be USD 34514.5 million in 2024. It will expand at a compound annual growth rate (CAGR) of 7.00% from 2024 to 2031.
2019 | 2024 | 2025 | 2032 | 2033 | CAGR | |
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Global Quenched and Tempered Steel Market Sales Revenue | 121212 | $ 34514.5 Million | 121212 | 121212 | 121212 | 7% |
North America Quenched and Tempered Steel Market Sales Revenue | 121212 | $ 13805.8 Million | 121212 | 121212 | 121212 | 5.2% |
Mexico Quenched and Tempered Steel Market Sales Revenue | 121212 | $ 1256.33 Million | 121212 | 121212 | 121212 | 5.7% |
Canada Quenched and Tempered Steel Market Sales Revenue | 121212 | $ 1656.7 Million | 121212 | 121212 | 121212 | 6% |
United States Quenched and Tempered Steel Market Sales Revenue | 121212 | $ 10892.8 Million | 121212 | 121212 | 121212 | 5% |
Europe Quenched and Tempered Steel Market Sales Revenue | 121212 | $ 10354.3 Million | 121212 | 121212 | 121212 | 5.5% |
Spain Quenched and Tempered Steel Market Sales Revenue | 121212 | $ 849.06 Million | 121212 | 121212 | 121212 | 4.6% |
United Kingdom Quenched and Tempered Steel Market Sales Revenue | 121212 | $ 1739.53 Million | 121212 | 121212 | 121212 | 6.3% |
Russia Quenched and Tempered Steel Market Sales Revenue | 121212 | $ 1604.92 Million | 121212 | 121212 | 121212 | 4.5% |
Italy Quenched and Tempered Steel Market Sales Revenue | 121212 | $ 890.47 Million | 121212 | 121212 | 121212 | 4.9% |
Germany Quenched and Tempered Steel Market Sales Revenue | 121212 | $ 2050.16 Million | 121212 | 121212 | 121212 | 5.7% |
France Quenched and Tempered Steel Market Sales Revenue | 121212 | $ 952.6 Million | 121212 | 121212 | 121212 | 4.7% |
Rest of Europe Quenched and Tempered Steel Market Sales Revenue | 121212 | $ 1604.92 Million | 121212 | 121212 | 121212 | 4.2% |
Asia Pacific Quenched and Tempered Steel Market Sales Revenue | 121212 | $ 7938.34 Million | 121212 | 121212 | 121212 | 9% |
India Quenched and Tempered Steel Market Sales Revenue | 121212 | $ 952.6 Million | 121212 | 121212 | 121212 | 10.8% |
Korea Quenched and Tempered Steel Market Sales Revenue | 121212 | $ 793.83 Million | 121212 | 121212 | 121212 | 8.1% |
Japan Quenched and Tempered Steel Market Sales Revenue | 121212 | $ 1095.49 Million | 121212 | 121212 | 121212 | 7.5% |
China Quenched and Tempered Steel Market Sales Revenue | 121212 | $ 3572.25 Million | 121212 | 121212 | 121212 | 8.5% |
Australia Quenched and Tempered Steel Market Sales Revenue | 121212 | $ 412.79 Million | 121212 | 121212 | 121212 | 8.7% |
Rest of APAC Quenched and Tempered Steel Market Sales Revenue | 121212 | $ 563.62 Million | 121212 | 121212 | 121212 | 8.8% |
South America Quenched and Tempered Steel Market Sales Revenue | 121212 | $ 1725.73 Million | 121212 | 121212 | 121212 | 6.4% |
Colombia Quenched and Tempered Steel Market Sales Revenue | 121212 | $ 153.59 Million | 121212 | 121212 | 121212 | 6.2% |
Argentina Quenched and Tempered Steel Market Sales Revenue | 121212 | $ 289.92 Million | 121212 | 121212 | 121212 | 7.3% |
Brazil Quenched and Tempered Steel Market Sales Revenue | 121212 | $ 738.61 Million | 121212 | 121212 | 121212 | 7% |
Chile Quenched and Tempered Steel Market Sales Revenue | 121212 | $ 124.25 Million | 121212 | 121212 | 121212 | 6.7% |
Peru Quenched and Tempered Steel Market Sales Revenue | 121212 | $ 141.51 Million | 121212 | 121212 | 121212 | 6.6% |
Rest of South America Quenched and Tempered Steel Market Sales Revenue | 121212 | $ 277.84 Million | 121212 | 121212 | 121212 | 5.5% |
Middle East and Africa Quenched and Tempered Steel Market Sales Revenue | 121212 | $ 690.29 Million | 121212 | 121212 | 121212 | 6.7% |
Turkey Quenched and Tempered Steel Market Sales Revenue | 121212 | $ 59.36 Million | 121212 | 121212 | 121212 | 6.2% |
Egypt Quenched and Tempered Steel Market Sales Revenue | 121212 | $ 72.48 Million | 121212 | 121212 | 121212 | 7% |
Rest of MEA Quenched and Tempered Steel Market Sales Revenue | 121212 | $ 81.45 Million | 121212 | 121212 | 121212 | 5.7% |
Base Year | 2024 |
Historical Data Time Period | 2021-2024 |
Forecast Period | 2025-2033 |
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List of Competitors |
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Regional Analysis |
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Quenched and Tempered Steel Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Quenched and Tempered Steel is a type of high-strength steel that undergoes a two-step heat treatment process to enhance its mechanical properties, such as hardness, strength, toughness, and flexibility. The process begins with quenching, where the steel is heated to its austenitizing temperature (typically 800-950°C, depending on the alloy) to transform its microstructure into austenite. It is then rapidly cooled in a medium like water, oil, or air, which changes the microstructure to martensite, a hard and brittle phase. This quenching step significantly increases hardness and strength but reduces flexibility and impact resistance. To balance these properties, the steel is subjected to tempering, where it is reheated to a lower temperature (typically 150-700°C) and held for a specific time before cooling. This step relieves internal stresses, refines the microstructure, and adjusts the hardness to achieve the desired combination of strength and toughness. The exact temperature and duration of tempering depend on the intended application.
Increasing demand for high-strength materials in the automotive industry is a significant driver for the quenched and tempered steel market. As automakers strive to improve vehicle safety, fuel efficiency, and overall performance, they are increasingly turning to advanced materials like quenched and tempered steel. This steel offers superior strength, durability, and resistance to wear, making it ideal for critical automotive components such as chassis, body panels, and suspension systems. The need for lighter vehicles with higher fuel efficiency while maintaining safety standards has pushed manufacturers to adopt high-strength materials that reduce weight without compromising strength. Additionally, the stringent safety regulations and consumer preference for robust, long-lasting vehicles further contribute to the rising demand for high-strength steel.
This growing demand for quenched and tempered steel is primarily driven by the increasing infrastructure and construction activities worldwide. As cities expand and the need for resilient infrastructure rises, construction projects require steel that can withstand harsh conditions and heavy loads. Quenched and tempered steel, known for its exceptional hardness, strength, and durability, is ideal for critical applications such as bridges, buildings, and other heavy-duty structures. The accelerated pace of urbanization and the ongoing development of transportation networks, including roads, railways, and airports, has significantly amplified the demand for high-performance steel products. Additionally, the rise in industrial activities, particularly in sectors like manufacturing and energy, further drives the need for robust materials capable of withstanding extreme stress and environmental challenges.
Intense competition from alternative materials such as aluminum and composites. These materials offer several advantages, including lighter weight, greater corrosion resistance, and enhanced flexibility, which make them attractive for industries like automotive, aerospace, and construction. Aluminum, for example, is increasingly used in vehicle manufacturing to reduce weight and improve fuel efficiency. At the same time, composite materials, like carbon fiber, are favored for their strength-to-weight ratio and ability to withstand extreme conditions. As industries move toward more sustainable and energy-efficient solutions, these alternatives are gaining ground, posing a challenge to quenched and tempered steel, which is often heavier and less resistant to corrosion without additional treatments.
The COVID-19 pandemic significantly impacted the quenched and tempered steel industry, as it disrupted both supply chains and demand. The global shutdowns, factory closures, and restrictions on movement led to a shortage of raw materials and delays in production, affecting steel mills that rely on a steady supply of inputs like iron ore, coal, and scrap metal. Additionally, many steel plants had to reduce their operations or temporarily halt production due to health and safety concerns for workers. On the demand side, industries that traditionally rely on quenched and tempered steel, such as automotive, construction, and manufacturing, experienced severe slowdowns as businesses reduced investments, delayed projects, or closed temporarily.
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In the Quenched and Tempered (Q&T) Steel market is highly competitive, driven by increasing demand from construction, automotive, and energy sectors for high-strength, durable materials. Key players include global steel giants such as ArcelorMittal, SSAB AB, Thyssenkrupp AG, and POSCO, along with numerous regional producers striving for market share through innovation and cost efficiency. Companies focus on enhancing product quality, customizing solutions for specific industries, and investing in advanced manufacturing technologies to meet evolving customer requirements.
Top Companies Market Share in Quenched and Tempered Steel Industry: (In no particular order of Rank)
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According to Cognitive Market Research, North America currently dominates the Quenched and Tempered Steel market, and the region is automotive, construction, and manufacturing, where strength and durability are paramount. This heat-treated steel undergoes a process of heating to high temperatures, followed by rapid cooling (quenching) and reheating to a lower temperature (tempering), which increases its toughness and hardness. In North America, the demand for quenched and tempered steel has seen steady growth, driven by the region's robust manufacturing and infrastructure sectors. The U.S. is a significant consumer of this steel due to its extensive automotive industry, which requires high-strength steel for vehicle components.
Asia-Pacific is expected to make significant gains during the projected period, with the greatest compound annual growth rate (CAGR). Rapid industrialization, urbanization, and increased infrastructure development are occurring across key countries like China, India, Japan, and South Korea. The demand for quenched and tempered steel, known for its enhanced strength and durability, is high in industries such as automotive, construction, machinery, and heavy equipment manufacturing. China, as the largest producer and consumer, dominates the market, with substantial investments in infrastructure and manufacturing sectors. India's growing automotive and construction industries contribute to the rising demand for high-strength steel products, especially in the production of safety-critical components.
The current report Scope analyzes Quenched and Tempered Steel Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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According to Cognitive Market Research, the global Quenched and Tempered Steel Market size was estimated at USD 34514.5 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 13805.80 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.2% from 2024 to 2031.
According to Cognitive Market Research, the global Quenched and Tempered Steel Market size was estimated at USD 34514.5 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 10354.35 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.5% from 2024 to 2031.
According to Cognitive Market Research, the global Quenched and Tempered Steel Market size was estimated at USD 34514.5 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 7938.34 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.0% from 2024 to 2031.
According to Cognitive Market Research, the global Quenched and Tempered Steel Market size was estimated at USD 34514.5 Million, out of which Latin America held the market share of around 5% of the global revenue with a market size of USD 1725.73 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.4% from 2024 to 2031.
According to Cognitive Market Research, the global Quenched and Tempered Steel Market size was estimated at USD 34514.5 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 690.29 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.7% from 2024 to 2031..
Global Quenched and Tempered Steel Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Quenched and Tempered Steel Industry growth. Quenched and Tempered Steel market has been segmented with the help of its Type Outlook:, Application Outlook: End-Use Industry Outlook:, and others. Quenched and Tempered Steel market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
How are Segments Performing in the Global Quenched and Tempered Steel Market?
According to Cognitive Market Research, Carbon Q&T steel, characterized by its high strength, wear resistance, and cost-effectiveness, is widely used in construction, automotive, and structural applications where moderate strength and hardness are required. It offers excellent machinability and weldability, making it a preferred choice for manufacturing components like gears, shafts, and machinery parts.
The alloy Q&T steel is enhanced with additional elements such as chromium, nickel, and molybdenum, providing superior mechanical properties, including higher tensile strength, toughness, and resistance to wear and corrosion. These qualities make it ideal for demanding applications in industries such as oil and gas, mining, aerospace, and heavy equipment manufacturing. Alloy Q&T steel is preferred for critical components like drill bits, high-performance tools, and structural components exposed to extreme conditions.
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According to Cognitive Market Research, in the construction industry, Q&T steel is integral for infrastructure development, including bridges, high-rise buildings, and structural frameworks. Its ability to withstand high stress and resist deformation under extreme loads makes it ideal for applications requiring structural integrity and longevity. With increasing urbanization and infrastructure investments globally, the demand for Q&T steel in construction continues to grow.
In the Quenched and Tempered Steel Market, the automotive and transportation sector heavily relies on Q&T steel for manufacturing vehicle components such as chassis, suspension systems, and crash-resistant structures. The steel’s lightweight yet robust characteristics contribute to fuel efficiency and passenger safety. The rising trend of electric vehicles further boosts the demand for Q&T steel, as manufacturers aim to optimize vehicle weight without compromising strength.
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According to Cognitive Market Research, the Construction & Infrastructure sector, quenched and tempered steel is widely utilized in heavy machinery, bridges, high-rise buildings, and structural components due to its high load-bearing capacity and resistance to environmental stressors. Its ability to withstand dynamic forces makes it a preferred material in the construction of modern infrastructure projects, where durability and safety are paramount.
In the Quenched and Tempered Steel Market, the Energy & Power segment leverages this steel's high tensile strength and temperature resistance. It is crucial in manufacturing pipelines, pressure vessels, and components for power plants, especially in demanding environments like oil and gas exploration, renewable energy systems, and nuclear power plants. These applications demand materials that can endure extreme conditions without compromising performance or safety.
According to Cognitive Market Research, the Up to 20mm segment comprises thin, high-strength Q&T steel plates, which are primarily used in applications requiring lightweight yet durable materials. These plates are often employed in industries such as automotive, construction, and consumer goods, where weight reduction without compromising strength is a critical factor. Their excellent machinability and weldability also make them ideal for intricate designs and components.
20-50mm Q&T steel plates in this thickness range are used in heavy-duty applications requiring enhanced durability, impact resistance, and load-bearing capacity. They are common in sectors such as mining, defense, and energy, where structural integrity under extreme conditions is crucial. Examples include manufacturing heavy machinery, pressure vessels, and industrial tools. The ability of this segment to withstand high stress and wear makes it a preferred choice for demanding environments.
According to Cognitive Market Research, the Direct sales channel, manufacturers sell Q&T steel products directly to end-users, such as industries in construction, automotive, and defense. This channel is preferred by large-scale buyers requiring customized solutions, ensuring quality control and reduced lead times. Direct sales also foster strong relationships between manufacturers and buyers, allowing tailored contracts and volume-based pricing. This segment benefits from the rise in infrastructural projects and industrial applications that demand high-performance materials.
In the Quenched and Tempered Steel Market, the Distributors and wholesalers play a vital role in expanding market reach by catering to smaller or geographically dispersed customers. They provide an extensive inventory, enabling quicker access to products and better service for small-scale industries and contractors. Wholesalers often bridge the gap for buyers who require lower quantities of Q&T steel or lack direct access to manufacturers. This channel thrives on its ability to supply a variety of grades and types of steel efficiently, supporting regional demand in sectors like mining, energy, and agriculture.
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Conclusion
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Type Outlook: | Carbon Quenched and Tempered Steel, Alloy Quenched and Tempered Steel, Stainless Quenched and Tempered Steel, Others |
Application Outlook: | Construction, Automotive and Transportation, Oil & Gas, Mining and Machinery, Power Generation, Defense and Military, Other Applications |
End-Use Industry Outlook: | Construction and Infrastructure, Energy and Power, Automotive and Transportation, Industrial Equipment and Machinery, Defense and Aerospace, Others |
Thickness Outlook: | Up to 20mm, 20-50mm, Above 50mm |
Distribution Channel Outlook: | Direct Sales, Distributors/Wholesalers, Online Sales |
List of Competitors | Hebei Iron and Steel Group, ArcelorMittal, Baosteel Group, Wuhan Iron & Steel Group, JFE, Anshan Iron & Steel Group, Nippon Steel, Jiangsu Shagang Group, Posco, Dillinger, Brown McFarlane, Leeco Steel, Bisalloy Steel, Ruukki, Nucor Corporation, SSAB |
This chapter will help you gain GLOBAL Market Analysis of Quenched and Tempered Steel. Further deep in this chapter, you will be able to review Global Quenched and Tempered Steel Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
This chapter will help you gain North America Market Analysis of Quenched and Tempered Steel. Further deep in this chapter, you will be able to review North America Quenched and Tempered Steel Market Split by various segments and Country Split.
Chapter 2 North America Market Analysis
This chapter will help you gain Europe Market Analysis of Quenched and Tempered Steel. Further deep in this chapter, you will be able to review Europe Quenched and Tempered Steel Market Split by various segments and Country Split.
Chapter 3 Europe Market Analysis
This chapter will help you gain Asia Pacific Market Analysis of Quenched and Tempered Steel. Further deep in this chapter, you will be able to review Asia Pacific Quenched and Tempered Steel Market Split by various segments and Country Split.
Chapter 4 Asia Pacific Market Analysis
This chapter will help you gain South America Market Analysis of Quenched and Tempered Steel. Further deep in this chapter, you will be able to review South America Quenched and Tempered Steel Market Split by various segments and Country Split.
Chapter 5 South America Market Analysis
This chapter will help you gain Middle East and Africa Market Analysis of Quenched and Tempered Steel. Further deep in this chapter, you will be able to review Middle East and Africa Quenched and Tempered Steel Market Split by various segments and Country Split.
Chapter 6 Middle East and Africa Market Analysis
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Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
This chapter provides an in-depth analysis of the market share among key competitors of Quenched and Tempered Steel. The analysis highlights each competitor's position in the market, growth trends, and financial performance, offering insights into competitive dynamics, and emerging players.
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
This chapter would comprehensively cover market drivers, trends, restraints, opportunities, and various in-depth analyses like industrial chain, PESTEL, Porter’s Five Forces, and ESG, among others. It would also include product life cycle, technological advancements, and patent insights.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Outlook: Analysis 2019 -2031, will provide market size split by Type Outlook:. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Outlook: Analysis 2021 - 2033
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Chapter 11 Market Split by Application Outlook: Analysis 2021 - 2033
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Chapter 12 Market Split by End-Use Industry Outlook: Analysis 2021 - 2033
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Chapter 13 Market Split by Thickness Outlook: Analysis 2021 - 2033
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Chapter 14 Market Split by Distribution Channel Outlook: Analysis 2021 - 2033
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Quenched and Tempered Steel market
Chapter 15 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Carbon Quenched and Tempered Steel have a significant impact on Quenched and Tempered Steel market? |
What are the key factors affecting the Carbon Quenched and Tempered Steel and Alloy Quenched and Tempered Steel of Quenched and Tempered Steel Market? |
What is the CAGR/Growth Rate of Construction during the forecast period? |
By type, which segment accounted for largest share of the global Quenched and Tempered Steel Market? |
Which region is expected to dominate the global Quenched and Tempered Steel Market within the forecast period? |
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