Market Overview:
The global abrasion resistant steel market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for abrasion resistant steel from various end-use industries, such as general semiconductor & LED, automotive & industrial, and advanced packaging. In terms of type, the Cu wire bonding segment is expected to lead the global market during the forecast period due to its high corrosion resistance and electrical conductivity properties. In terms of application, the general semiconductor & LED segment is projected to lead the global market during 2018-2030 owing to rising demand for LEDs in lighting applications across different regions.
Product Definition:
Abrasion resistant steel is a type of steel that has been specifically designed to resist wear and tear. It is often used in applications where there is a high risk of abrasion, such as in mining or construction.
Cu Wire Bonding:
Cu wire bonding is a process of making electrical connection by using copper wires. It is widely used in abrasive resistant steel pipes and fittings for gas, water, and wastewater treatment plants. Cu wire bonding offers several advantages over traditional methods such as mechanical fasteners or welding; it provides high strength which is not achievable through mechanical means.
The market for cu wire bonding in the global Abrasion Resistant Steel (ARSR) market size was valued at USD 556 million in 2016.
Au Wire Bonding:
Au wire bonding is a process where two wires are connected by an adhesive alloy which is made up of tin and silver. The process takes place through the steel substrate which acts as a carrier for the wires. This helps in increasing the strength of bond between two substrates, thus preventing them from moving or rotating on each other.
Application Insights:
The global abrasion resistant steel market is segmented on the basis of application into general semiconductor & LED, automotive & industrial, and advanced packaging. General semiconductor & LED was estimated as the largest application segment in 2017 owing to high demand for LEDs from various end-use industries such as general lighting, automotive headlamps and decorative applications.
Automotive & industrial was estimated as one of the fastest growing segments over the forecast period due to increasing use of abrasion resistant steel in components such as beams, channels and structural parts that are manufactured using automated equipment welding processes. The growth can be attributed to factors such as an increase in production volumes for vehicles along with rising awareness regarding product benefits among customers involved directly or indirectly related with manufacturing activities within an automobile plant premises. Increasing investments by OEMs (original equipment manufacturers) towards research activities pertaining towards electric vehicles development is also expected to boost market growth over the coming years.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region is home to several emerging economies, including China, India, Taiwan and South Korea. These countries are making efforts to develop their manufacturing sector by offering incentives such as tax benefits and low-interest rates on foreign direct investments (FDI). This has resulted in a significant rise in foreign players investing in these markets for manufacturing agarwood resins owing to their high demand from end-use industries such as construction materials, automotive interior coating adhesives & sealants.
The Asia Pacific regional market was followed by Europe which accounted for a revenue share of more than 20%in 2017 owing to rising product demand from various application sectors across Germany, France Italy Spain U.K., Turkey Russia Poland among others.
Growth Factors:
- Increasing demand from end-use industries such as construction, automotive and mining
- Rising awareness about the benefits of using Abrasion Resistant Steel among consumers
- Technological advancements in manufacturing processes that lead to higher quality products
- Growing popularity of abrasive wear resistant coatings and linings for various applications
- Expansion of global trade leading to increased demand for Abrasion Resistant Steel products
Scope Of The Report
Report Attributes
Report Details
Report Title
Abrasion Resistant Steel Market Research Report
By Type
Cu Wire Bonding, Au Wire Bonding, Ag Wire Bonding
By Application
General Semiconductor & LED, Automotive & Industrial, Advanced Packaging
By Companies
K&S, SPT, PECO, KOSMA, Megtas, TOTO, Adamant
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
181
Number of Tables & Figures
127
Customization Available
Yes, the report can be customized as per your need.
Global Abrasion Resistant Steel Market Report Segments:
The global Abrasion Resistant Steel market is segmented on the basis of:
Types
Cu Wire Bonding, Au Wire Bonding, Ag Wire Bonding
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
General Semiconductor & LED, Automotive & Industrial, Advanced Packaging
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- K&S
- SPT
- PECO
- KOSMA
- Megtas
- TOTO
- Adamant
Highlights of The Abrasion Resistant Steel Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Cu Wire Bonding
- Au Wire Bonding
- Ag Wire Bonding
- By Application:
- General Semiconductor & LED
- Automotive & Industrial
- Advanced Packaging
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Abrasion Resistant Steel Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Abrasion resistant steel is a type of steel that is designed to resist wear and tear. This type of steel is often used in products that are subjected to heavy use, such as construction materials.
Some of the major players in the abrasion resistant steel market are K&S, SPT, PECO, KOSMA, Megtas, TOTO, Adamant.
The abrasion resistant steel market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Abrasion Resistant Steel Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Abrasion Resistant Steel Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Abrasion Resistant Steel Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Abrasion Resistant Steel Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Abrasion Resistant Steel Market Size & Forecast, 2020-2028
4.5.1 Abrasion Resistant Steel Market Size and Y-o-Y Growth
4.5.2 Abrasion Resistant Steel Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Cu Wire Bonding
5.2.2 Au Wire Bonding
5.2.3 Ag Wire Bonding
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 General Semiconductor & LED
6.2.2 Automotive & Industrial
6.2.3 Advanced Packaging
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Abrasion Resistant Steel Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Abrasion Resistant Steel Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Cu Wire Bonding
9.6.2 Au Wire Bonding
9.6.3 Ag Wire Bonding
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 General Semiconductor & LED
9.10.2 Automotive & Industrial
9.10.3 Advanced Packaging
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Cu Wire Bonding
10.6.2 Au Wire Bonding
10.6.3 Ag Wire Bonding
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 General Semiconductor & LED
10.10.2 Automotive & Industrial
10.10.3 Advanced Packaging
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Cu Wire Bonding
11.6.2 Au Wire Bonding
11.6.3 Ag Wire Bonding
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 General Semiconductor & LED
11.10.2 Automotive & Industrial
11.10.3 Advanced Packaging
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Cu Wire Bonding
12.6.2 Au Wire Bonding
12.6.3 Ag Wire Bonding
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 General Semiconductor & LED
12.10.2 Automotive & Industrial
12.10.3 Advanced Packaging
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Cu Wire Bonding
13.6.2 Au Wire Bonding
13.6.3 Ag Wire Bonding
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 General Semiconductor & LED
13.10.2 Automotive & Industrial
13.10.3 Advanced Packaging
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Abrasion Resistant Steel Market: Competitive Dashboard
14.2 Global Abrasion Resistant Steel Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 K&S
14.3.2 SPT
14.3.3 PECO
14.3.4 KOSMA
14.3.5 Megtas
14.3.6 TOTO
14.3.7 Adamant
