Market Overview:
The global powder metallurgical HSS 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 PM HSS steel from various end-use industries, such as automotive, aerospace, and construction. In terms of type, the molybdenum type segment is expected to lead the market during the forecast period owing to its superior properties as compared to other types of PM HSS steels. In terms of application, cutting tools are expected to account for a major share of the global powder metallurgical HSS steel market during the forecast period.
Product Definition:
Powder Metallurgical HSS Steel is a type of steel that is made by powder metallurgy. It has high hardness, wear resistance and toughness. It is often used in tooling, die and mold applications.
Molybdenum Type:
Molybdenum is a chemical element that has been a long-lasting challenge for scientists. It was first identified in 1803 as an unexpected by-product of the smelting process, but it took another two centuries before its identity was confirmed. Molybdenum and its compounds are now known to be among the most useful materials for several industrial applications including lubricants, pigments, chemicals, and catalysts owing to their high heat resistance properties.
Wolfram Type:
Wolfram Type is a high-grade steel with excellent properties such as low carbon, low alloying elements and good hardenability. It has been developed by modifying the standard mild steel manufacturing process to enhance its characteristics. The major modifications include increasing the temperature of liquid metal during solidification, introduction of different types of carbides at different stages in the solidification sequence and controlling gas evolution during cooling.
Application Insights:
The global demand for HSS steel has witnessed a paradigm shift due to the development of advanced cutting tools and cold work molding machines. The market is categorized based on applications into cutting tool, cold work mold, others and includes hot shear blades, saws & knives, molds & dies, grinding wheels & discs/rotary blades/centrifugal force feeders among others.
The demand for the product in cutting tools was valued at USD 536.5 million in 2016 owing to its ability to provide high hardness with excellent wear resistance as well as good toughness at low cost.
Regional Analysis:
Asia Pacific dominated the global powder metallurgical HSS steel market in 2017 and is expected to continue its dominance over the forecast period. The presence of key players such as WEG, Nippon Steel & Sumitomo Metal Corporation has boosted the growth of this region. In addition, rising demand for high-quality steel products from various end-use industries such as automotive and construction is anticipated to drive regional growth over the next eight years.
The European market accounted for a significant share in terms of volume owing to rapid product adoption across numerous applications in Germany, France and other countries. However, slow economic growth coupled with stringent environmental regulations may hinder industry expansion over the coming years.
North America was valued at USD X billion in 2017 owing to growing demand from several end-use industries including aerospace manufacturing and defense equipment along with increasing construction spending on houses & buildings etc., which will fuel industry expansion during the forecast period (2018 - 2030).
Growth Factors:
- Increasing demand from automotive and aerospace industries
- Growing popularity of powder metallurgical HSS steel in medical implants and prostheses
- Rising use of PM HSS steel in energy sector for components such as valves, bearings, and gears
- Technological advancements that have led to the development of new grades of PM HSS steel
- Growing demand for high-strength, lightweight materials in construction industry
Scope Of The Report
Report Attributes
Report Details
Report Title
Powder Metallurgical HSS Steel Market Research Report
By Type
Molybdenum Type, Wolfram Type, Others
By Application
Cutting Tool, Cold Work Mold, Others
By Companies
Daido Steel, Carpenter Technology Corporation, Griggs, Aubert & Dural, Bohler, Erasteel, Hitachi Metals, KIND & Co, Sanyo Special Steel, Daido 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
173
Number of Tables & Figures
122
Customization Available
Yes, the report can be customized as per your need.
Global Powder Metallurgical HSS Steel Market Report Segments:
The global Powder Metallurgical HSS Steel market is segmented on the basis of:
Types
Molybdenum Type, Wolfram Type, Others
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
Cutting Tool, Cold Work Mold, 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:
- Daido Steel
- Carpenter Technology Corporation
- Griggs
- Aubert & Dural
- Bohler
- Erasteel
- Hitachi Metals
- KIND & Co
- Sanyo Special Steel
- Daido Steel
Highlights of The Powder Metallurgical HSS 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:
- Molybdenum Type
- Wolfram Type
- Others
- By Application:
- Cutting Tool
- Cold Work Mold
- 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 Powder Metallurgical HSS 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.
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- Correctly Positioning New Products
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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?
Powder metallurgical HSS steel is a type of high-strength steel that is made from iron and carbon. It has a higher strength than other types of steel, but it also has a lower ductility. This means that it is less able to be stretched or bent without breaking.
Some of the major companies in the powder metallurgical hss steel market are Daido Steel, Carpenter Technology Corporation, Griggs, Aubert & Dural, Bohler, Erasteel, Hitachi Metals, KIND & Co, Sanyo Special Steel, Daido Steel.
The powder metallurgical hss 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 Powder Metallurgical HSS 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 Powder Metallurgical HSS Steel Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Powder Metallurgical HSS 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 Powder Metallurgical HSS 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 Powder Metallurgical HSS Steel Market Size & Forecast, 2018-2028 4.5.1 Powder Metallurgical HSS Steel Market Size and Y-o-Y Growth 4.5.2 Powder Metallurgical HSS Steel Market Absolute $ Opportunity
Chapter 5 Global Powder Metallurgical HSS 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 Powder Metallurgical HSS Steel Market Size Forecast by Type
5.2.1 Molybdenum Type
5.2.2 Wolfram Type
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Powder Metallurgical HSS 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 Powder Metallurgical HSS Steel Market Size Forecast by Applications
6.2.1 Cutting Tool
6.2.2 Cold Work Mold
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Powder Metallurgical HSS 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 Powder Metallurgical HSS 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 Powder Metallurgical HSS Steel Analysis and Forecast
9.1 Introduction
9.2 North America Powder Metallurgical HSS 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 Powder Metallurgical HSS Steel Market Size Forecast by Type
9.6.1 Molybdenum Type
9.6.2 Wolfram Type
9.6.3 Others
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 Powder Metallurgical HSS Steel Market Size Forecast by Applications
9.10.1 Cutting Tool
9.10.2 Cold Work Mold
9.10.3 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 Powder Metallurgical HSS Steel Analysis and Forecast
10.1 Introduction
10.2 Europe Powder Metallurgical HSS 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 Powder Metallurgical HSS Steel Market Size Forecast by Type
10.6.1 Molybdenum Type
10.6.2 Wolfram Type
10.6.3 Others
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 Powder Metallurgical HSS Steel Market Size Forecast by Applications
10.10.1 Cutting Tool
10.10.2 Cold Work Mold
10.10.3 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 Powder Metallurgical HSS Steel Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Powder Metallurgical HSS 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 Powder Metallurgical HSS Steel Market Size Forecast by Type
11.6.1 Molybdenum Type
11.6.2 Wolfram Type
11.6.3 Others
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 Powder Metallurgical HSS Steel Market Size Forecast by Applications
11.10.1 Cutting Tool
11.10.2 Cold Work Mold
11.10.3 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 Powder Metallurgical HSS Steel Analysis and Forecast
12.1 Introduction
12.2 Latin America Powder Metallurgical HSS 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 Powder Metallurgical HSS Steel Market Size Forecast by Type
12.6.1 Molybdenum Type
12.6.2 Wolfram Type
12.6.3 Others
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 Powder Metallurgical HSS Steel Market Size Forecast by Applications
12.10.1 Cutting Tool
12.10.2 Cold Work Mold
12.10.3 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) Powder Metallurgical HSS Steel Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Powder Metallurgical HSS 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) Powder Metallurgical HSS Steel Market Size Forecast by Type
13.6.1 Molybdenum Type
13.6.2 Wolfram Type
13.6.3 Others
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) Powder Metallurgical HSS Steel Market Size Forecast by Applications
13.10.1 Cutting Tool
13.10.2 Cold Work Mold
13.10.3 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 Powder Metallurgical HSS Steel Market: Competitive Dashboard
14.2 Global Powder Metallurgical HSS Steel Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Daido Steel
14.3.2 Carpenter Technology Corporation
14.3.3 Griggs
14.3.4 Aubert & Dural
14.3.5 Bohler
14.3.6 Erasteel
14.3.7 Hitachi Metals
14.3.8 KIND & Co
14.3.9 Sanyo Special Steel
14.3.10 Daido Steel