Global Ship Plate Supply, Demand and Key Producers, 2026-2032
Description
The global Ship Plate market size is expected to reach $ 42230 million by 2032, rising at a market growth of 5.1% CAGR during the forecast period (2026-2032).
The ship plate is a hot rolled steel sheet produced to manufacture hull structures as required by the code of conduct. In the 1870s carbon was added to molten iron to make steel. Iron and steel were soon being used in ship production. These irons and steels were known as ABS (American Bureau of Shipping) iron and steel. They constitute specific types of iron and steel utilized to build ships. How they are manufactured and used is regulated by the ABS standardized grading and specification system.
As the global shipping industry moves towards large-scale, high-efficiency and low-carbonization, ship plates, as the core raw materials for shipbuilding, are becoming an important direction of the marine materials industry chain through technical upgrading and structural optimization. Ship plates are mainly divided into ordinary strength ship plates (such as A, B, D grades) and high-strength ship plates (such as AH32, DH36, EH40, etc.). The former are mostly used for offshore ships and small structural parts, while the latter are widely used in key load-bearing parts of the hull such as medium and large tankers, bulk carriers, container ships, chemical tankers, etc. to meet higher strength and corrosion resistance requirements. In recent years, with the rise of new green ship types such as LNG ships and dual-fuel ships, more stringent standards have been proposed for ship plates, such as low-temperature impact toughness, hydrogen embrittlement resistance, high strength-to-toughness ratio and welding adaptability.
The major global ship plate manufacturers include POSCO, JFE Steel, NSSMC, Baostee, Valin Xiangtan Steel, etc. The top five global manufacturers account for about 50% of the market share. Asia Pacific is the world's largest ship plate market, accounting for about 80% of the market share, followed by Europe and North America, which together account for about 10% of the market share.
The future development of ship plates will revolve around four directions: higher strength grades (such as ultra-high strength steel) to reduce hull weight and improve cargo efficiency; stronger corrosion resistance to adapt to polar routes and long-term offshore operating environments; more functional composite ship plates to integrate noise reduction, flame retardant or anti-microbial adhesion properties; more environmentally friendly manufacturing processes to reduce carbon footprint and adapt to ESG standards. In addition, digital twins and intelligent manufacturing will also be integrated into the ship plate quality management and delivery system to improve production efficiency and full life cycle service capabilities.
For ship plate manufacturers, they should actively adapt to the trend of global shipping green transformation: on the one hand, they should accelerate the innovation of ship plate material systems and deploy new categories such as ultra-thick plates, high-alloy steel and nitrided steel; on the other hand, they should deepen the collaborative development mechanism with ship companies, classification societies, and shipping companies to create "customized ship plate solutions" and "batch full life cycle traceability system" to win core customers with differentiated service capabilities. At the same time, we also need to pay attention to the impact of the global carbon border adjustment mechanism (CBAM), and make preparations in advance for green smelting processes, LCA assessments, low-carbon product certification, etc., to ensure that we can maintain our dual commanding heights of technology and cost in the new round of shipbuilding industry upgrade cycle.
This report studies the global Ship Plate production, demand, key manufacturers, and key regions.
This report is a detailed and comprehensive analysis of the world market for Ship Plate and provides market size (US$ million) and Year-over-Year (YoY) Growth, considering 2025 as the base year. This report explores demand trends and competition, as well as details the characteristics of Ship Plate that contribute to its increasing demand across many markets.
Highlights and key features of the study
Global Ship Plate total production and demand, 2021-2032, (K MT)
Global Ship Plate total production value, 2021-2032, (USD Million)
Global Ship Plate production by region & country, production, value, CAGR, 2021-2032, (USD Million) & (K MT), (based on production site)
Global Ship Plate consumption by region & country, CAGR, 2021-2032 & (K MT)
U.S. VS China: Ship Plate domestic production, consumption, key domestic manufacturers and share
Global Ship Plate production by manufacturer, production, price, value and market share 2021-2026, (USD Million) & (K MT)
Global Ship Plate production by Type, production, value, CAGR, 2021-2032, (USD Million) & (K MT)
Global Ship Plate production by Application, production, value, CAGR, 2021-2032, (USD Million) & (K MT)
This report profiles key players in the global Ship Plate market based on the following parameters - company overview, production, value, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include POSCO (South Korea), JFE Steel (Japan), Nippon Steel, Baosteel (China), Valin Xiangtan Steel (China), Chongqing Steel (China), Ansteel (China), Nanjing Steel (China), Dongkuk (South Korea), SD Steel (China), etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the World Ship Plate market
Detailed Segmentation:
Each section contains quantitative market data including market by value (US$ Millions), volume (production, consumption) & (K MT) and average price (USD/MT) by manufacturer, by Type, and by Application. Data is given for the years 2021-2032 by year with 2025 as the base year, 2026 as the estimate year, and 2027-2032 as the forecast year.
Global Ship Plate Market, By Region:
United States
China
Europe
Japan
South Korea
ASEAN
India
Rest of World
Global Ship Plate Market, Segmentation by Type:
General Strength Ship Plate
High Strength Ship Plate
Global Ship Plate Market, Segmentation by Application:
Tankers
Bulk Carriers
Container Ships
Chemical Ships
Companies Profiled:
POSCO (South Korea)
JFE Steel (Japan)
Nippon Steel
Baosteel (China)
Valin Xiangtan Steel (China)
Chongqing Steel (China)
Ansteel (China)
Nanjing Steel (China)
Dongkuk (South Korea)
SD Steel (China)
Xinyu Steel (China)
Hyundai (South Korea)
ArcelorMittal (Luxembourg)
Shougang Group (China)
Key Questions Answered:
1. How big is the global Ship Plate market?
2. What is the demand of the global Ship Plate market?
3. What is the year over year growth of the global Ship Plate market?
4. What is the production and production value of the global Ship Plate market?
5. Who are the key producers in the global Ship Plate market?
6. What are the growth factors driving the market demand?
The ship plate is a hot rolled steel sheet produced to manufacture hull structures as required by the code of conduct. In the 1870s carbon was added to molten iron to make steel. Iron and steel were soon being used in ship production. These irons and steels were known as ABS (American Bureau of Shipping) iron and steel. They constitute specific types of iron and steel utilized to build ships. How they are manufactured and used is regulated by the ABS standardized grading and specification system.
As the global shipping industry moves towards large-scale, high-efficiency and low-carbonization, ship plates, as the core raw materials for shipbuilding, are becoming an important direction of the marine materials industry chain through technical upgrading and structural optimization. Ship plates are mainly divided into ordinary strength ship plates (such as A, B, D grades) and high-strength ship plates (such as AH32, DH36, EH40, etc.). The former are mostly used for offshore ships and small structural parts, while the latter are widely used in key load-bearing parts of the hull such as medium and large tankers, bulk carriers, container ships, chemical tankers, etc. to meet higher strength and corrosion resistance requirements. In recent years, with the rise of new green ship types such as LNG ships and dual-fuel ships, more stringent standards have been proposed for ship plates, such as low-temperature impact toughness, hydrogen embrittlement resistance, high strength-to-toughness ratio and welding adaptability.
The major global ship plate manufacturers include POSCO, JFE Steel, NSSMC, Baostee, Valin Xiangtan Steel, etc. The top five global manufacturers account for about 50% of the market share. Asia Pacific is the world's largest ship plate market, accounting for about 80% of the market share, followed by Europe and North America, which together account for about 10% of the market share.
The future development of ship plates will revolve around four directions: higher strength grades (such as ultra-high strength steel) to reduce hull weight and improve cargo efficiency; stronger corrosion resistance to adapt to polar routes and long-term offshore operating environments; more functional composite ship plates to integrate noise reduction, flame retardant or anti-microbial adhesion properties; more environmentally friendly manufacturing processes to reduce carbon footprint and adapt to ESG standards. In addition, digital twins and intelligent manufacturing will also be integrated into the ship plate quality management and delivery system to improve production efficiency and full life cycle service capabilities.
For ship plate manufacturers, they should actively adapt to the trend of global shipping green transformation: on the one hand, they should accelerate the innovation of ship plate material systems and deploy new categories such as ultra-thick plates, high-alloy steel and nitrided steel; on the other hand, they should deepen the collaborative development mechanism with ship companies, classification societies, and shipping companies to create "customized ship plate solutions" and "batch full life cycle traceability system" to win core customers with differentiated service capabilities. At the same time, we also need to pay attention to the impact of the global carbon border adjustment mechanism (CBAM), and make preparations in advance for green smelting processes, LCA assessments, low-carbon product certification, etc., to ensure that we can maintain our dual commanding heights of technology and cost in the new round of shipbuilding industry upgrade cycle.
This report studies the global Ship Plate production, demand, key manufacturers, and key regions.
This report is a detailed and comprehensive analysis of the world market for Ship Plate and provides market size (US$ million) and Year-over-Year (YoY) Growth, considering 2025 as the base year. This report explores demand trends and competition, as well as details the characteristics of Ship Plate that contribute to its increasing demand across many markets.
Highlights and key features of the study
Global Ship Plate total production and demand, 2021-2032, (K MT)
Global Ship Plate total production value, 2021-2032, (USD Million)
Global Ship Plate production by region & country, production, value, CAGR, 2021-2032, (USD Million) & (K MT), (based on production site)
Global Ship Plate consumption by region & country, CAGR, 2021-2032 & (K MT)
U.S. VS China: Ship Plate domestic production, consumption, key domestic manufacturers and share
Global Ship Plate production by manufacturer, production, price, value and market share 2021-2026, (USD Million) & (K MT)
Global Ship Plate production by Type, production, value, CAGR, 2021-2032, (USD Million) & (K MT)
Global Ship Plate production by Application, production, value, CAGR, 2021-2032, (USD Million) & (K MT)
This report profiles key players in the global Ship Plate market based on the following parameters - company overview, production, value, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include POSCO (South Korea), JFE Steel (Japan), Nippon Steel, Baosteel (China), Valin Xiangtan Steel (China), Chongqing Steel (China), Ansteel (China), Nanjing Steel (China), Dongkuk (South Korea), SD Steel (China), etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the World Ship Plate market
Detailed Segmentation:
Each section contains quantitative market data including market by value (US$ Millions), volume (production, consumption) & (K MT) and average price (USD/MT) by manufacturer, by Type, and by Application. Data is given for the years 2021-2032 by year with 2025 as the base year, 2026 as the estimate year, and 2027-2032 as the forecast year.
Global Ship Plate Market, By Region:
United States
China
Europe
Japan
South Korea
ASEAN
India
Rest of World
Global Ship Plate Market, Segmentation by Type:
General Strength Ship Plate
High Strength Ship Plate
Global Ship Plate Market, Segmentation by Application:
Tankers
Bulk Carriers
Container Ships
Chemical Ships
Companies Profiled:
POSCO (South Korea)
JFE Steel (Japan)
Nippon Steel
Baosteel (China)
Valin Xiangtan Steel (China)
Chongqing Steel (China)
Ansteel (China)
Nanjing Steel (China)
Dongkuk (South Korea)
SD Steel (China)
Xinyu Steel (China)
Hyundai (South Korea)
ArcelorMittal (Luxembourg)
Shougang Group (China)
Key Questions Answered:
1. How big is the global Ship Plate market?
2. What is the demand of the global Ship Plate market?
3. What is the year over year growth of the global Ship Plate market?
4. What is the production and production value of the global Ship Plate market?
5. Who are the key producers in the global Ship Plate market?
6. What are the growth factors driving the market demand?
Table of Contents
118 Pages
- 1 Supply Summary
- 2 Demand Summary
- 3 World Manufacturers Competitive Analysis
- 4 United States VS China VS Rest of the World
- 5 Market Analysis by Type
- 6 Market Analysis by Application
- 7 Company Profiles
- 8 Industry Chain Analysis
- 9 Research Findings and Conclusion
- 10 Appendix
Pricing
Currency Rates
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