Market Overview:
The global cold and hot tool steel market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for automotive, shipbuilding, machinery, construction, and other applications across the globe. In terms of type, the hot work tool steel segment is expected to hold a major share of the global cold and hot tool steel market during the forecast period. This can be attributed to its properties such as high toughness and wear resistance that make it suitable for use in various applications such as forging dies, extrusion dies, punches & shears blades among others.
Product Definition:
Cold and Hot Tool Steel are types of steel that are used for different purposes. Cold Tool Steel is a type of steel that is hardened through air-cooling, while Hot Tool Steel is a type of steel that has been heated and quenched in oil or water. The main difference between the two types of steels is the way in which they are hardened.
Hot Work Tool Steel:
Hot work tool steel is a special type of steel that gets hardened by heat. It has better malleability and ductility as compared to cold work tool steels. The demand for hot work tool steels is increasing in the manufacturing sector owing to its ability to perform under severe working conditions without any damage or degradation.
The major application areas of hot work tools include automotive, aerospace & defense, construction equipment, heavy machinery (material handling), marine and railways among others.
Cold Work Tool Steel:
The steel is manufactured by the fusion welding of two different metals, which are then allowed to cool and solidify. The process produces a high amount of carbon and low amount of manganese, in order to improve the hardenability. It also has a lower content of sulfur than other steels, making it suitable for use in applications that require good hardness but need low-carbon chromium content.
Application Insights:
The global demand for cold.
Automotive, machinery, construction and shipbuilding are the key end-use industries. In 2017, automotive accounted for a share of over 50% in terms of volume. The growth rate of this segment is expected to be high during the forecast period owing to increasing production capacities in China, Japan and South Korea. Automotive components such as fasteners used in automobiles require tools such as taps and dies that are made from cold or hot work tool steel depending upon their hardness requirements.
In terms of revenue, automotive was followed by construction which accounted for 23% in 2017 due to an increase in spending on infrastructure development across various countries including India China U.S.
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, Indonesia and Malaysia. These countries are witnessing strong economic growth owing to various factors such as increasing population, rising disposable income of consumers and business owners along with rapid urbanization & industrialization.
China emerged as a major consumer for both cold work tool steel as well as hot work tool steel across the globe due to presence of numerous automotive companies in country that use these products for manufacturing body parts such as engine blocks or transmission boxes etc. In addition, growing shipbuilding industry in Asia Pacific owing to rise in demand from cruise ships & fishing vessels also acts an important role for market growth across this region.
Growth Factors:
- Increasing demand from automotive and aerospace industries
- Growing demand for high-performance tool steel in the form of bars, sheets, and plates
- Rising popularity of powder metallurgy (P/M) tool steels
- Increasing use of tool steels in die casting and plastic injection molding applications
- Technological advancements that are resulting in the development of new grades of tool steel
Scope Of The Report
Report Attributes
Report Details
Report Title
Cold and Hot Tool Steel Market Research Report
By Type
Hot Work Tool Steel, Cold Work Tool Steel
By Application
Automotive, Shipbuilding, Machinery, Construction, Others
By Companies
Voestalpine, SCHMOLZ + BICKENBACH, Sandvik, Fushun Special Steel, BaoSteel, TG, Nachi-Fujikoshi, Qilu Special Steel, Hitachi, ERAMET, Daido Steel, Sanyo Special Steel, Baowu, Nippon Koshuha Steel, Crucible Industries, ArcelorMittal, GMH Gruppe, Kind & Co., Universal Stainless, Hudson Tool Steel, Otai Special Steel
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
122
Number of Tables & Figures
86
Customization Available
Yes, the report can be customized as per your need.
Global Cold and Hot Tool Steel Market Report Segments:
The global Cold and Hot Tool Steel market is segmented on the basis of:
Types
Hot Work Tool Steel, Cold Work Tool Steel
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
Automotive, Shipbuilding, Machinery, Construction, Others
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:
- Voestalpine
- SCHMOLZ + BICKENBACH
- Sandvik
- Fushun Special Steel
- BaoSteel
- TG
- Nachi-Fujikoshi
- Qilu Special Steel
- Hitachi
- ERAMET
- Daido Steel
- Sanyo Special Steel
- Baowu
- Nippon Koshuha Steel
- Crucible Industries
- ArcelorMittal
- GMH Gruppe
- Kind & Co.
- Universal Stainless
- Hudson Tool Steel
- Otai Special Steel
Highlights of The Cold and Hot Tool 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:
- Hot Work Tool Steel
- Cold Work Tool Steel
- By Application:
- Automotive
- Shipbuilding
- Machinery
- Construction
- Others
- 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 Cold and Hot Tool 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?
Cold tool steel is a type of steel that is less ductile than hot tool steel. This makes it more difficult to work with, but also results in a stronger and more durable blade.
Some of the key players operating in the cold and hot tool steel market are Voestalpine, SCHMOLZ + BICKENBACH, Sandvik, Fushun Special Steel, BaoSteel, TG, Nachi-Fujikoshi, Qilu Special Steel, Hitachi, ERAMET, Daido Steel, Sanyo Special Steel, Baowu, Nippon Koshuha Steel, Crucible Industries, ArcelorMittal, GMH Gruppe, Kind & Co., Universal Stainless, Hudson Tool Steel, Otai Special Steel.
The cold and hot tool steel market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Cold and Hot Tool 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 Cold and Hot Tool Steel Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Cold and Hot Tool 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 Cold and Hot Tool 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 Cold and Hot Tool Steel Market Size & Forecast, 2018-2028
4.5.1 Cold and Hot Tool Steel Market Size and Y-o-Y Growth
4.5.2 Cold and Hot Tool Steel Market Absolute $ Opportunity
Chapter 5 Global Cold and Hot Tool Steel 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 Cold and Hot Tool Steel Market Size Forecast by Type
5.2.1 Hot Work Tool Steel
5.2.2 Cold Work Tool Steel
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Cold and Hot Tool Steel 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 Cold and Hot Tool Steel Market Size Forecast by Applications
6.2.1 Automotive
6.2.2 Shipbuilding
6.2.3 Machinery
6.2.4 Construction
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Cold and Hot Tool 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 Cold and Hot Tool 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 Cold and Hot Tool Steel Analysis and Forecast
9.1 Introduction
9.2 North America Cold and Hot Tool Steel 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 Cold and Hot Tool Steel Market Size Forecast by Type
9.6.1 Hot Work Tool Steel
9.6.2 Cold Work Tool Steel
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 Cold and Hot Tool Steel Market Size Forecast by Applications
9.10.1 Automotive
9.10.2 Shipbuilding
9.10.3 Machinery
9.10.4 Construction
9.10.5 Others
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 Cold and Hot Tool Steel Analysis and Forecast
10.1 Introduction
10.2 Europe Cold and Hot Tool Steel 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 Cold and Hot Tool Steel Market Size Forecast by Type
10.6.1 Hot Work Tool Steel
10.6.2 Cold Work Tool Steel
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 Cold and Hot Tool Steel Market Size Forecast by Applications
10.10.1 Automotive
10.10.2 Shipbuilding
10.10.3 Machinery
10.10.4 Construction
10.10.5 Others
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 Cold and Hot Tool Steel Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Cold and Hot Tool Steel 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 Cold and Hot Tool Steel Market Size Forecast by Type
11.6.1 Hot Work Tool Steel
11.6.2 Cold Work Tool Steel
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 Cold and Hot Tool Steel Market Size Forecast by Applications
11.10.1 Automotive
11.10.2 Shipbuilding
11.10.3 Machinery
11.10.4 Construction
11.10.5 Others
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 Cold and Hot Tool Steel Analysis and Forecast
12.1 Introduction
12.2 Latin America Cold and Hot Tool Steel 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 Cold and Hot Tool Steel Market Size Forecast by Type
12.6.1 Hot Work Tool Steel
12.6.2 Cold Work Tool Steel
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 Cold and Hot Tool Steel Market Size Forecast by Applications
12.10.1 Automotive
12.10.2 Shipbuilding
12.10.3 Machinery
12.10.4 Construction
12.10.5 Others
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) Cold and Hot Tool Steel Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Cold and Hot Tool Steel 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) Cold and Hot Tool Steel Market Size Forecast by Type
13.6.1 Hot Work Tool Steel
13.6.2 Cold Work Tool Steel
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) Cold and Hot Tool Steel Market Size Forecast by Applications
13.10.1 Automotive
13.10.2 Shipbuilding
13.10.3 Machinery
13.10.4 Construction
13.10.5 Others
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 Cold and Hot Tool Steel Market: Competitive Dashboard
14.2 Global Cold and Hot Tool Steel Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Voestalpine
14.3.2 SCHMOLZ + BICKENBACH
14.3.3 Sandvik
14.3.4 Fushun Special Steel
14.3.5 BaoSteel
14.3.6 TG
14.3.7 Nachi-Fujikoshi
14.3.8 Qilu Special Steel
14.3.9 Hitachi
14.3.10 ERAMET
14.3.11 Daido Steel
14.3.12 Sanyo Special Steel
14.3.13 Baowu
14.3.14 Nippon Koshuha Steel
14.3.15 Crucible Industries
14.3.16 ArcelorMittal
14.3.17 GMH Gruppe
14.3.18 Kind & Co.
14.3.19 Universal Stainless
14.3.20 Hudson Tool Steel
14.3.21 Otai Special Steel
