Market Overview:
The global ferrite heat resisting steels 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 ferrite heat resisting steels from various end-use industries, such as architecture, petrifaction, food, mechanical and electrical. In terms of type, the 00Cr12 segment is expected to lead the global market during the forecast period due to its superior properties such as high resistance against thermal shock and corrosion. In terms of application, the architecture industry segment is projected to lead the global market during 2018-2030 owing to an increase in construction activities across regions.
Product Definition:
Ferrite Heat Resisting Steels are a type of steel that is specifically designed to resist high levels of heat. This type of steel is typically used in situations where there is a high risk for exposure to excessive heat, such as in the manufacturing of metal parts or in the construction industry. Ferrite Heat Resisting Steels can withstand temperatures up to 1000 degrees Celsius without losing their structural integrity, making them an ideal choice for applications where extreme heat resistance is required.
00Cr12:
00Cr12 is a ferrite material, which contains iron and chromium. It has low corrosion resistance but excellent magnetic properties. 00Cr12 can be used as an alternative to the commonly used Cr-Ni alloys in applications where high temperature resistance is required, such as automotive parts or electric motors.
00Cr12 has been gaining importance owing to its ability to withstand higher temperatures than other Cr-based materials without significant changes in volume or shape.
0Cr13Al:
The global ferrite heat resisting steels market is expected to witness significant growth on account of increasing demand from the automotive industry. The automotive industry extensively uses these products for manufacturing engine components, brake systems and transmission components among others. Ferrite heat resisting steels are used in combination with other materials such as nickel, chromium and molybdenum which enhance their magnetic properties.
Application Insights:
The architecture industry segment accounted for the largest volume share of over 30% in 2017. The growth can be attributed to increasing construction activities in emerging economies such as India, China and Brazil. In addition, demand from developed countries like the U.S., Canada and Germany is also rising steadily owing to high housing completions.
The pneumatic tool industry has been witnessing significant growth over the past few years on account of technological advancements coupled with increased industrialization levels across developing countries including China, India and Bangladesh. This factor is expected to promote ferrite heat resistant steel consumption at a CAGR of XX% from 2018 to 2030 globally due to its growing usage in air tools used by various industries including automotive, aerospace and medical equipment among others.
Regional Analysis:
Asia Pacific dominated the global ferrite heat resisting steel market in 2016 and is expected to continue its dominance over the forecast period. The presence of key manufacturers such as Nippon Steel & Sumitomo Metal Corporation in Japan, JFE Corporation in Mexico, and SAIL in India has led to a significant production of this product type. Furthermore, increasing demand from end-use industries such as mechanical engineering for industrial machinery and electricity industry for transformers is anticipated to drive growth over the next eight years.
The European region accounted for 24% of the total revenue share owing to high consumption levels coupled with growing application sectors across countries like Germany, Italy, France among others are expected to propel growth during the forecast period.
Growth Factors:
- Increasing demand from the automotive and aerospace industries
- Growing popularity of ferrite heat resisting steels in China and other developing countries
- Rising investments in research and development by leading players to develop new products
- Emergence of nanotechnology-based ferrite heat resisting steels products
- Increasing use of ferrite heat resisting steels in energy-efficient applications
Scope Of The Report
Report Attributes
Report Details
Report Title
Ferrite Heat Resisting Steels Market Research Report
By Type
00Cr12, 0Cr13Al, 1Cr17, 2Cr25N
By Application
Architecture Industry, Petrifaction Industry, Food Industry, Mechanical Industry, Electricity Industry, Others
By Companies
Acerinox, Aperam, Thyssenkrupp, POSCO, Ta Chen International, Jindal Stainless, ATI Metals, AK Steel, Outokumpu
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
170
Number of Tables & Figures
119
Customization Available
Yes, the report can be customized as per your need.
Global Ferrite Heat Resisting Steels Market Report Segments:
The global Ferrite Heat Resisting Steels market is segmented on the basis of:
Types
00Cr12, 0Cr13Al, 1Cr17, 2Cr25N
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
Architecture Industry, Petrifaction Industry, Food Industry, Mechanical Industry, Electricity Industry, 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:
- Acerinox
- Aperam
- Thyssenkrupp
- POSCO
- Ta Chen International
- Jindal Stainless
- ATI Metals
- AK Steel
- Outokumpu
Highlights of The Ferrite Heat Resisting Steels 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:
- 00Cr12
- 0Cr13Al
- 1Cr17
- 2Cr25N
- By Application:
- Architecture Industry
- Petrifaction Industry
- Food Industry
- Mechanical Industry
- Electricity Industry
- 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 Ferrite Heat Resisting Steels 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.
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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?
Ferrite heat resisting steels are a type of steel that is designed to resist high temperatures. They are often used in applications where high temperatures are expected, such as in the automotive industry or the aerospace industry.
Some of the major companies in the ferrite heat resisting steels market are Acerinox, Aperam, Thyssenkrupp, POSCO, Ta Chen International, Jindal Stainless, ATI Metals, AK Steel, Outokumpu.
The ferrite heat resisting steels 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 Ferrite Heat Resisting Steels 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 Ferrite Heat Resisting Steels Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Ferrite Heat Resisting Steels 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 Ferrite Heat Resisting Steels 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 Ferrite Heat Resisting Steels Market Size & Forecast, 2020-2028
4.5.1 Ferrite Heat Resisting Steels Market Size and Y-o-Y Growth
4.5.2 Ferrite Heat Resisting Steels 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 00Cr12
5.2.2 0Cr13Al
5.2.3 1Cr17
5.2.4 2Cr25N
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 Architecture Industry
6.2.2 Petrifaction Industry
6.2.3 Food Industry
6.2.4 Mechanical Industry
6.2.5 Electricity Industry
6.2.6 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Ferrite Heat Resisting Steels 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 Ferrite Heat Resisting Steels 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 00Cr12
9.6.2 0Cr13Al
9.6.3 1Cr17
9.6.4 2Cr25N
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 Architecture Industry
9.10.2 Petrifaction Industry
9.10.3 Food Industry
9.10.4 Mechanical Industry
9.10.5 Electricity Industry
9.10.6 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 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 00Cr12
10.6.2 0Cr13Al
10.6.3 1Cr17
10.6.4 2Cr25N
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 Architecture Industry
10.10.2 Petrifaction Industry
10.10.3 Food Industry
10.10.4 Mechanical Industry
10.10.5 Electricity Industry
10.10.6 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 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 00Cr12
11.6.2 0Cr13Al
11.6.3 1Cr17
11.6.4 2Cr25N
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 Architecture Industry
11.10.2 Petrifaction Industry
11.10.3 Food Industry
11.10.4 Mechanical Industry
11.10.5 Electricity Industry
11.10.6 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 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 00Cr12
12.6.2 0Cr13Al
12.6.3 1Cr17
12.6.4 2Cr25N
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 Architecture Industry
12.10.2 Petrifaction Industry
12.10.3 Food Industry
12.10.4 Mechanical Industry
12.10.5 Electricity Industry
12.10.6 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) 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 00Cr12
13.6.2 0Cr13Al
13.6.3 1Cr17
13.6.4 2Cr25N
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 Architecture Industry
13.10.2 Petrifaction Industry
13.10.3 Food Industry
13.10.4 Mechanical Industry
13.10.5 Electricity Industry
13.10.6 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 Ferrite Heat Resisting Steels Market: Competitive Dashboard
14.2 Global Ferrite Heat Resisting Steels Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Acerinox
14.3.2 Aperam
14.3.3 Thyssenkrupp
14.3.4 POSCO
14.3.5 Ta Chen International
14.3.6 Jindal Stainless
14.3.7 ATI Metals
14.3.8 AK Steel
14.3.9 Outokumpu
