Tool Steel Market Size, Share, Growth Report 2030
Tool Steel Market by Material (Tungsten, Vanadium, Molybdenum, and Chromium), by Product Class (Cold-Work, High Speed, Hot-Work, Plastic Mold, and Others), by Application (Injection Molding, Forging, Die Work, and Others), and by End-Use (Automotive Parts, Food and Packaging, Aerospace, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2026
Global tool steel market expected to generate around USD 7.38 billion by 2026, at a CAGR of around 4.9% between 2019 and 2026. The application of tool steel is majorly found across various industries, such as packaging, automotive, construction, and manufacturing.
The report covers a forecast and an analysis of the tool steel market on a global and regional level. The study provides historical data from 2016 to 2018 along with a forecast from 2019 to 2026 based on both volume (Kilotons) and revenue (USD Billion). The study includes the drivers and restraints of the tool steel market along with their impact on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the tool steel market on a global level.
In order to give the users of this report a comprehensive view of the tool steel market, we have included a detailed value chain analysis. To understand the competitive landscape in the market, an analysis of Porter’s Five Forces model for the tool steel market has also been included. The study encompasses a market attractiveness analysis, wherein all the segments are benchmarked based on their market size, growth rate, and general attractiveness.
The study provides a decisive view of the tool steel market by segmenting it based on material, product class, application, end-use, and region. All the segments have been analyzed based on present and future trends and the market is estimated from 2019 to 2026. The regional segment includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Some major players operating in the global tool steel market are Sandvik, Voestalpine, Schmolz + Bickenbach, Hitachi, Universal Stainless, Baosteel Group, Nachi-Fujikoshi, Buderus Edelstahl, SeAH Changwon Integrated Special Steel, Hudson Tool Steel Corporation, Eramet, and Tiangong International.
This report segments the global tool steel market into:
Global Tool Steel Market: By Material
- Tungsten
- Vanadium
- Molybdenum
- Chromium
Global Tool Steel Market: By Product Class
- Cold-Work
- Hot-Work
- High Speed
- Plastic Mold
- Others
Global Tool Steel Market: By Application
- Injection Molding
- Die Work
- Forging
- Others
Global Tool Steel Market: By End-Use
- Automotive Parts
- Aerospace
- Food and Packaging
- Others
Global Tool Steel Market: By Region
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- Middle East and Africa
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