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India Quenched and Tempered Steel Market Report and Forecast 2025-2034

Publisher Expert Market Research
Published Jul 28, 2025
Length 106 Pages
SKU # EMAR20317864

Description

The India quenched and tempered steel market size is expected to grow at a CAGR of 3.10% between 2025 and 2034. The major market drivers are increasing infrastructural development, growing construction industry, and heightened automotive production.

Key Trends in the Market

Quenched and tempered steel is high-strength steel with high durability, ductility, and toughness that achieves its properties by undergoing processes of quenching and tempering. In quenching, the steel is heated to very high temperatures and subsequently undergoes rapid cooling. Tempering typically takes place after quenching, where the steel is heated for a certain amount of time and then cools off in air.
  • The growing construction industry due to increasing population and rapid urbanisation and industrialisation is a key trend fuelling the growth of the market for quenched and tempered steel in India.
  • Increasing initiatives taken by the government of India to strengthen the infrastructure of the country are also anticipated to positively influence the expansion of the India quenched and tempered steel market.
  • Rising demand from the automotive sector for quenched and tempered steel due to propelling requirement for vehicles and increasing disposable incomes is another key trend fuelling the growth of the India quenched and tempered steel market.
Market Segmentation

The EMR’s report titled “India Quenched and Tempered Steel Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:

Market Breakup by Grade
  • Grade 80
  • Grade 400
  • Grade 500
  • Others
Market Breakup by Thickness and Width
  • Thickness: 3 mm - 300 mm
  • Width: 1000 mm - 4500 mm
Market Breakup by Usage
  • Structural
  • Pressure Vessels
Market Breakup by Application
  • Automotive
  • Shipbuilding
  • General Engineering and Construction
  • Chemical and Petrochemical
  • Mining
  • Aerospace
  • Pulp and Paper
  • Power Plants (Thermal and Renewable)
  • Defence
  • Nuclear
  • Others
Market Breakup by Region
  • North India
  • East India
  • West India
  • South India
Market Share by Grade

Grade 80 is anticipated to account for a significant share of the India quenched and tempered steel market, over the forecast period. This is due to their wide range of applications in storage tanks, excavator and loader buckets, and high-rise buildings and bridges, among others. Meanwhile, grade 400 is projected to witness significant growth in the quenched and tempered steel market in India owing to their increased adoption in automotive industry in gear wheels. Grade 400 quenched and tempered steel is also used in making deflector plates that reduce the reverse torque by improving the coefficient of power.

Competitive Landscape

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the India quenched and tempered steel market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.

SSAB AB

SSAB AB is a steel company that was founded in 1978 and is based in Stockholm, Sweden. They specialise in processing of raw materials to produce steel and aim to create a more sustainable world.

Nippon Steel and Sumitomo Metal Corporation

Nippon Steel and Sumitomo Metal Corporation is a steel manufacturing company that was founded in 1950 and is based in Tokyo, Japan. They are focused on steel fabrication and steel making, system solutions, and chemicals, and materials, among others.

Other market players include Essar Steel Ltd (Arcelor-Nippon Steel JV), JFE Steel Corporation, ThyssenKrupp AG, Wuhan Iron & Steel Group, Anshan Iron & Steel Group, Jiangsu Shagang Group, Posco, Baosteel Group Co Ltd, Bisalloy Steel Group, and Nanjing Iron & Steel Company Ltd, among others
.

Table of Contents

106 Pages
1 Executive Summary
1.1 Market Size 2024-2025
1.2 Market Growth 2025(F)-2034(F)
1.3 Key Demand Drivers
1.4 Key Players and Competitive Structure
1.5 Industry Best Practices
1.6 Recent Trends and Developments
1.7 Industry Outlook
2 Market Overview and Stakeholder Insights
2.1 Market Trends
2.2 Key Verticals
2.3 Key Regions
2.4 Supplier Power
2.5 Buyer Power
2.6 Key Market Opportunities and Risks
2.7 Key Initiatives by Stakeholders
3 Economic Summary
3.1 GDP Outlook
3.2 GDP Per Capita Growth
3.3 Inflation Trends
3.4 Democracy Index
3.5 Gross Public Debt Ratios
3.6 Balance of Payment (BoP) Position
3.7 Population Outlook
3.8 Urbanisation Trends
4 Country Risk Profiles
4.1 Country Risk
4.2 Business Climate
5 India Quenched and Tempered Steel Market Overview
5.1 Key Industry Highlights
5.2 India Quenched and Tempered Steel Historical Market (2018-2024)
5.3 India Quenched and Tempered Steel Market Forecast (2025-2034)
6 India Quenched and Tempered Steel Market by Grade
6.1 Grade 80
6.1.1 Historical Trend (2018-2024)
6.1.2 Forecast Trend (2025-2034)
6.2 Grade 400
6.2.1 Historical Trend (2018-2024)
6.2.2 Forecast Trend (2025-2034)
6.3 Grade 500
6.3.1 Historical Trend (2018-2024)
6.3.2 Forecast Trend (2025-2034)
6.4 Others
7 India Quenched and Tempered Steel Market by Thickness and Width
7.1 Thickness: 3 mm - 300 mm
7.1.1 Historical Trend (2018-2024)
7.1.2 Forecast Trend (2025-2034)
7.2 Width: 1000 mm - 4500 mm
7.2.1 Historical Trend (2018-2024)
7.2.2 Forecast Trend (2025-2034)
8 India Quenched and Tempered Steel Market by Usage
8.1 Structural
8.1.1 Historical Trend (2018-2024)
8.1.2 Forecast Trend (2025-2034)
8.2 Pressure Vessels
8.2.1 Historical Trend (2018-2024)
8.2.2 Forecast Trend (2025-2034)
9 India Quenched and Tempered Steel Market by Application
9.1 Automotive
9.1.1 Historical Trend (2018-2024)
9.1.2 Forecast Trend (2025-2034)
9.2 Shipbuilding
9.2.1 Historical Trend (2018-2024)
9.2.2 Forecast Trend (2025-2034)
9.3 General Engineering and Construction
9.3.1 Historical Trend (2018-2024)
9.3.2 Forecast Trend (2025-2034)
9.4 Chemical and Petrochemical
9.4.1 Historical Trend (2018-2024)
9.4.2 Forecast Trend (2025-2034)
9.5 Mining
9.5.1 Historical Trend (2018-2024)
9.5.2 Forecast Trend (2025-2034)
9.6 Aerospace
9.6.1 Historical Trend (2018-2024)
9.6.2 Forecast Trend (2025-2034)
9.7 Pulp and Paper
9.7.1 Historical Trend (2018-2024)
9.7.2 Forecast Trend (2025-2034)
9.8 Power Plants (Thermal and Renewable)
9.8.1 Historical Trend (2018-2024)
9.8.2 Forecast Trend (2025-2034)
9.9 Defence
9.9.1 Historical Trend (2018-2024)
9.9.2 Forecast Trend (2025-2034)
9.10 Nuclear
9.10.1 Historical Trend (2018-2024)
9.10.2 Forecast Trend (2025-2034)
9.11 Others
10 India Quenched and Tempered Steel Market by Region
10.1 North India
10.1.1 Historical Trend (2018-2024)
10.1.2 Forecast Trend (2025-2034)
10.2 East India
10.2.1 Historical Trend (2018-2024)
10.2.2 Forecast Trend (2025-2034)
10.3 West India
10.3.1 Historical Trend (2018-2024)
10.3.2 Forecast Trend (2025-2034)
10.4 South India
10.4.1 Historical Trend (2018-2024)
10.4.2 Forecast Trend (2025-2034)
11 Market Dynamics
11.1 SWOT Analysis
11.1.1 Strengths
11.1.2 Weaknesses
11.1.3 Opportunities
11.1.4 Threats
11.2 Porter’s Five Forces Analysis
11.2.1 Supplier’s Power
11.2.2 Buyer’s Power
11.2.3 Threat of New Entrants
11.2.4 Degree of Rivalry
11.2.5 Threat of Substitutes
12 Innovations and Trends
13 Three Year Projects in the Market
14 Price Analysis
15 Competitive Landscape
15.1 Supplier Selection
15.2 Key Global Players
15.3 Key Regional Players
15.4 Key Player Strategies
15.5 Company Profiles
15.5.1 Essar Steel Ltd (Arcelor-Nippon Steel JV)
15.5.1.1 Company Overview
15.5.1.2 Product Portfolio
15.5.1.3 Demographic Reach and Achievements
15.5.1.4 Certifications
15.5.2 SSAB AB
15.5.2.1 Company Overview
15.5.2.2 Product Portfolio
15.5.2.3 Demographic Reach and Achievements
15.5.2.4 Certifications
15.5.3 JFE Steel Corporation
15.5.3.1 Company Overview
15.5.3.2 Product Portfolio
15.5.3.3 Demographic Reach and Achievements
15.5.3.4 Certifications
15.5.4 Nippon Steel and Sumitomo Metal Corporation
15.5.4.1 Company Overview
15.5.4.2 Product Portfolio
15.5.4.3 Demographic Reach and Achievements
15.5.4.4 Certifications
15.5.5 ThyssenKrupp AG
15.5.5.1 Company Overview
15.5.5.2 Product Portfolio
15.5.5.3 Demographic Reach and Achievements
15.5.5.4 Certifications
15.5.6 Wuhan Iron & Steel Group
15.5.6.1 Company Overview
15.5.6.2 Product Portfolio
15.5.6.3 Demographic Reach and Achievements
15.5.6.4 Certifications
15.5.7 Anshan Iron & Steel Group
15.5.7.1 Company Overview
15.5.7.2 Product Portfolio
15.5.7.3 Demographic Reach and Achievements
15.5.7.4 Certifications
15.5.8 Jiangsu Shagang Group
15.5.8.1 Company Overview
15.5.8.2 Product Portfolio
15.5.8.3 Demographic Reach and Achievements
15.5.8.4 Certifications
15.5.9 Posco
15.5.9.1 Company Overview
15.5.9.2 Product Portfolio
15.5.9.3 Demographic Reach and Achievements
15.5.9.4 Certifications
15.5.10 Baosteel Group Co Ltd
15.5.10.1 Company Overview
15.5.10.2 Product Portfolio
15.5.10.3 Demographic Reach and Achievements
15.5.10.4 Certifications
15.5.11 Bisalloy Steel Group
15.5.11.1 Company Overview
15.5.11.2 Product Portfolio
15.5.11.3 Demographic Reach and Achievements
15.5.11.4 Certifications
15.5.12 Nanjing Iron & Steel Company Ltd
15.5.12.1 Company Overview
15.5.12.2 Product Portfolio
15.5.12.3 Demographic Reach and Achievements
15.5.12.4 Certifications
15.5.13 Others
16 Strategic Recommendations
16.1 Product Mix
16.2 Pricing Strategies
16.3 Key End-Use and Region to focus.

Pricing

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