Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Maraging Steel Market by Type (Grade 200, Grade 250, Grade 300, Grade 350), By Application (Aerospace, Hydrospace, Tooling) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Maraging Steel Market by Type (Grade 200, Grade 250, Grade 300, Grade 350), By Application (Aerospace, Hydrospace, Tooling) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 130816 3300 Chemical & Material 377 248 Pages 4.9 (34)

Market Overview:

The global maraging steel market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for maraging steel in the aerospace, hydrospace, and tooling applications. Maraging steel is a type of high-strength steel that exhibits superior mechanical properties such as high strength, toughness, and ductility over other types of steels. It finds application in various end-use industries owing to its excellent properties.

Global Maraging Steel Industry Outlook

Product Definition:

Maraging steel is a type of steel that is highly resistant to wear and tear. It is often used in the manufacture of tools and weapons.

Grade 200:

Grade 200 is a form of carbon steel that contains 0.25% to 3% carbon and has been used in the manufacturing of automobile parts for more than 100 years. It offers high strength, ductility, hardness, and weldability as compared to other steels.

Grade 250:

Maraging steel has a composition of carbon, manganese and silicon. It is also known as grade 250 or CMC steel. It contains elements which are critical for the development of high strength steel. Grade 250 has a low carbon content which allows it to be hardened by heating at higher temperatures than other grades of steels.

Application Insights:

Aerospace was the largest application segment in 2017 and is projected to witness significant growth over the forecast period. The product is used for manufacturing fuselage, wings, empennage and other parts of an aircraft. It also finds applications in commercial airliners including Boeing, Airbus as well as military aircraft such as F-16 Fighting Falcon and Gripen NG.

Maraging steel has excellent corrosion resistance which makes it suitable for use in components that are exposed to seawater or freshwater environment where corrosion may occur rapidly due to exposure to oxygen or moisture. This type of steel can be easily fabricated into desired shapes using various techniques such as cold working, hot working &forming process without any additional machining operations required on comparison of conventional steels. These aforementioned factors are anticipated to drive the demand from marine sector over the coming years thereby propelling overall market growth during this forecast period.

Regional Analysis:

Asia Pacific was the largest market for maraging steel in 2016 and accounted for a share of over 50% owing to rapid industrialization, availability of low-cost labor, and high demand from the automotive industry. The region is expected to continue its dominance over the forecast period.

The growing manufacturing sector in emerging economies such as China and India coupled with increasing investments in aerospace & defense industry is likely to drive product demand over the next eight years. In addition, rising construction activities due to growing urbanization are anticipated to fuel product growth further.

North America accounted for a significant share of revenue on account of presence of major aircraft manufacturers such as Boeing Co., Lockheed Martin Corporation along with various other small scale aviation companies that use maraging steel products such as propellers blades, engine nacelles etc.

Growth Factors:

  • Increasing demand from the aerospace and defense sectors due to its high strength-to-weight ratio and corrosion resistance properties.
  • Growing popularity of maraging steel in the medical industry for manufacturing surgical implants and other medical devices owing to its biocompatibility.
  • Rising demand for maraging steel in the automotive sector as a replacement for traditional materials such as aluminum and cast iron, due to its superior mechanical properties.
  • Increasing use of maraging steel in energy applications such as wind turbines and power generation systems due to its excellent fatigue resistance characteristics.

Scope Of The Report

Report Attributes

Report Details

Report Title

Maraging Steel Market Research Report

By Type

Grade 200, Grade 250, Grade 300, Grade 350

By Application

Aerospace, Hydrospace, Tooling

By Companies

Hitachi Metals, Universal Stainless, Villares Metals, Dongbei Special Steel Group, NIPPON KOSHUHA, Bao steel, Daido Steel, Aubert & Dural, Bohler

Regions Covered

North America, Europe, APAC, Latin America, MEA

Base Year


Historical Year

2019 to 2020 (Data from 2010 can be provided as per availability)

Forecast Year


Number of Pages


Number of Tables & Figures


Customization Available

Yes, the report can be customized as per your need.

Global Maraging Steel Market Report Segments:

The global Maraging Steel market is segmented on the basis of:


Grade 200, Grade 250, Grade 300, Grade 350

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.


Aerospace, Hydrospace, Tooling

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:

  1. Hitachi Metals
  2. Universal Stainless
  3. Villares Metals
  4. Dongbei Special Steel Group
  6. Bao steel
  7. Daido Steel
  8. Aubert & Dural
  9. Bohler

Global Maraging Steel Market Overview

Highlights of The Maraging Steel Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Grade 200
    2. Grade 250
    3. Grade 300
    4. Grade 350
  1. By Application:

    1. Aerospace
    2. Hydrospace
    3. Tooling
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Maraging 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

Global Maraging Steel Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. Customization of the Report Available

Frequently Asked Questions?

Maraging steel is a type of steel that has been treated with a heat treatment process called maraging. The treatment makes the metal more resistant to wear and tear, making it ideal for use in high-stress areas such as engine parts.

Some of the major companies in the maraging steel market are Hitachi Metals, Universal Stainless, Villares Metals, Dongbei Special Steel Group, NIPPON KOSHUHA, Bao steel, Daido Steel, Aubert & Dural, Bohler.

The maraging steel market is expected to register a CAGR of 5.5%.

1. Executive Summary

2. Assumptions and Acronyms Used

3. Research Methodology

4. Maraging Steel Market Overview
   4.1. Introduction
      4.1.1. Market Taxonomy
      4.1.2. Market Definition
   4.2. Macro-Economic Factors
      4.2.1. Industry Outlook
   4.3. Maraging Steel Market Dynamics
      4.3.1. Market Drivers
      4.3.2. Market Restraints
      4.3.3. Opportunity
      4.3.4. Market Trends
   4.4. Maraging Steel Market - Supply Chain
   4.5. Global Maraging Steel Market Forecast
      4.5.1. Maraging Steel Market Size (US$ Mn) and Y-o-Y Growth
      4.5.2. Maraging Steel Market Size (000’ Units) and Y-o-Y Growth
      4.5.3. Maraging Steel Market Absolute $ Opportunity

5. Global Maraging Steel Market Analysis and Forecast by Type
   5.1. Market Trends
   5.2. Introduction
      5.2.1. Basis Point Share (BPS) Analysis by Type
      5.2.2. Y-o-Y Growth Projections by Type
   5.3. Maraging Steel Market Size and Volume Forecast by Type
      5.3.1. Grade 200
      5.3.2. Grade 250
      5.3.3. Grade 300
      5.3.4. Grade 350
   5.4. Absolute $ Opportunity Assessment by Type
   5.5. Market Attractiveness/Growth Potential Analysis by Type

6. Global Maraging Steel Market Analysis and Forecast by Application
   6.1. Market Trends
   6.2. Introduction
      6.2.1. Basis Point Share (BPS) Analysis by Application
      6.2.2. Y-o-Y Growth Projections by Application
   6.3. Maraging Steel Market Size and Volume Forecast by Application
      6.3.1. Aerospace
      6.3.2. Hydrospace
      6.3.3. Tooling
   6.4. Absolute $ Opportunity Assessment by Application
   6.5. Market Attractiveness/Growth Potential Analysis by Application

7. Global Maraging Steel Market Analysis and Forecast by Sales Channel
   7.1. Market Trends
   7.2. Introduction
      7.2.1. Basis Point Share (BPS) Analysis by Sales Channel 
      7.2.2. Y-o-Y Growth Projections by Sales Channel
   7.3. Maraging Steel Market Size and Volume Forecast by Sales Channel 
      7.3.1. Manufacturer/Distributor/Service Provider
      7.3.2. Aftermarket
   7.4. Absolute $ Opportunity Assessment by Sales Channel
   7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel

8. Global Maraging Steel Market Analysis and Forecast by Region
   8.1. Market Trends
   8.2. Introduction
      8.2.1. Basis Point Share (BPS) Analysis by Region
      8.2.2. Y-o-Y Growth Projections by Region
   8.3. Maraging Steel Market Size and Volume Forecast by Region
      8.3.1. North America
      8.3.2. Latin America
      8.3.3. Europe
      8.3.4. Asia Pacific
      8.3.5. Middle East and Africa (MEA)
   8.4. Absolute $ Opportunity Assessment by Region
   8.5. Market Attractiveness/Growth Potential Analysis by Region
   8.6. Global Maraging Steel Demand Share Forecast, 2019-2029

9. North America Maraging Steel Market Analysis and Forecast
   9.1. Introduction
      9.1.1. Basis Point Share (BPS) Analysis by Country
      9.1.2. Y-o-Y Growth Projections by Country
   9.2. North America Maraging Steel Market Size and Volume Forecast by Country
      9.2.1. U.S.
      9.2.2. Canada
   9.3. Absolute $ Opportunity Assessment by Country
   9.4. North America Maraging Steel Market Size and Volume Forecast by Application
      9.4.1. Aerospace
      9.4.2. Hydrospace
      9.4.3. Tooling
   9.5. Basis Point Share (BPS) Analysis by Application
   9.6. Y-o-Y Growth Projections by Application
   9.7. North America Maraging Steel Market Size and Volume Forecast by Type
      9.7.1. Grade 200
      9.7.2. Grade 250
      9.7.3. Grade 300
      9.7.4. Grade 350
   9.8. Basis Point Share (BPS) Analysis by Type
   9.9. Y-o-Y Growth Projections by Type
   9.10. Market Attractiveness/Growth Potential Analysis
      9.10.1. By Country
      9.10.2. By Product Type
      9.10.3. By Application
      9.10.4. By Sales Channel
   9.11. North America Maraging Steel Demand Share Forecast, 2019-2029

10. Latin America Maraging Steel Market Analysis and Forecast
   10.1. Introduction
      10.1.1. Basis Point Share (BPS) Analysis by Country
      10.1.2. Y-o-Y Growth Projections by Country
      10.1.3. Latin America Average Pricing Analysis
   10.2. Latin America Maraging Steel Market Size and Volume Forecast by Country
      10.2.1. Brazil
      10.2.2. Mexico
      10.2.3. Rest of Latin America
   10.3. Absolute $ Opportunity Assessment by Country
   10.4. Latin America Maraging Steel Market Size and Volume Forecast by Application
      10.4.1. Aerospace
      10.4.2. Hydrospace
      10.4.3. Tooling
   10.5. Basis Point Share (BPS) Analysis by Application
   10.6. Y-o-Y Growth Projections by Application
   10.7. Latin America Maraging Steel Market Size and Volume Forecast by Type
      10.7.1. Grade 200
      10.7.2. Grade 250
      10.7.3. Grade 300
      10.7.4. Grade 350
   10.8. Basis Point Share (BPS) Analysis by Type
   10.9. Y-o-Y Growth Projections by Type
   10.10. Market Attractiveness/Growth Potential Analysis
      10.10.1. By Country
      10.10.2. By Product Type
      10.10.3. By Application
      10.10.4. By Sales Channel
   10.11. Latin America Maraging Steel Demand Share Forecast, 2019-2029

11. Europe Maraging Steel Market Analysis and Forecast
   11.1. Introduction
      11.1.1. Basis Point Share (BPS) Analysis by Country
      11.1.2. Y-o-Y Growth Projections by Country
      11.1.3. Europe Average Pricing Analysis
   11.2. Europe Maraging Steel Market Size and Volume Forecast by Country
      11.2.1. Germany
      11.2.2. France
      11.2.3. Italy
      11.2.4. U.K.
      11.2.5. Spain
      11.2.6. Russia
      11.2.7. Rest of Europe
   11.3. Absolute $ Opportunity Assessment by Country
   11.4. Europe Maraging Steel Market Size and Volume Forecast by Application
      11.4.1. Aerospace
      11.4.2. Hydrospace
      11.4.3. Tooling
   11.5. Basis Point Share (BPS) Analysis by Application
   11.6. Y-o-Y Growth Projections by Application
   11.7. Europe Maraging Steel Market Size and Volume Forecast by Type
      11.7.1. Grade 200
      11.7.2. Grade 250
      11.7.3. Grade 300
      11.7.4. Grade 350
   11.8. Basis Point Share (BPS) Analysis by Type
   11.9. Y-o-Y Growth Projections by Type
   11.10. Market Attractiveness/Growth Poential Analysis
      11.10.1. By Country
      11.10.2. By Product Type
      11.10.3. By Application
      11.10.4. By Sales Channel
   11.11. Europe Maraging Steel Demand Share, 2019-2029

12. Asia Pacific Maraging Steel Market Analysis and Forecast
   12.1. Introduction
      12.1.1. Basis Point Share (BPS) Analysis by Country
      12.1.2. Y-o-Y Growth Projections by Country
      12.1.3. Asia Pacific Average Pricing Analysis
   12.2. Asia Pacific Maraging Steel Market Size and Volume Forecast by Country
      12.2.1. China
      12.2.2. Japan
      12.2.3. South Korea
      12.2.4. India
      12.2.5. Australia
      12.2.6. Rest of Asia Pacific (APAC)
   12.3. Absolute $ Opportunity Assessment by Country
   12.4. Asia Pacific Maraging Steel Market Size and Volume Forecast by Application
      12.4.1. Aerospace
      12.4.2. Hydrospace
      12.4.3. Tooling
   12.5. Basis Point Share (BPS) Analysis by Application
   12.6. Y-o-Y Growth Projections by Application
   12.7. Asia Pacific Maraging Steel Market Size and Volume Forecast by Type
      12.7.1. Grade 200
      12.7.2. Grade 250
      12.7.3. Grade 300
      12.7.4. Grade 350
   12.8. Basis Point Share (BPS) Analysis by Type
   12.9. Y-o-Y Growth Projections by Type
   12.10. Market Attractiveness/Growth Potential Analysis
      12.10.1. By Country
      12.10.2. By Product Type
      12.10.3. By Application
      12.10.4. By Sales Channel
   12.11. Asia Pacific Maraging Steel Demand Share, 2019-2029

13. Middle East & Africa Maraging Steel Market Analysis and Forecast
   13.1. Introduction
      13.1.1. Basis Point Share (BPS) Analysis by Country
      13.1.2. Y-o-Y Growth Projections by Country
      13.1.3. Asia Pacific Average Pricing Analysis
   13.2. Middle East & Africa Maraging Steel Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
   13.4. Middle East & Africa Maraging Steel Market Size and Volume Forecast by Application
      13.4.1. Aerospace
      13.4.2. Hydrospace
      13.4.3. Tooling
   13.5. Basis Point Share (BPS) Analysis by Application
   13.6. Y-o-Y Growth Projections by Application
   13.7. Middle East & Africa Maraging Steel Market Size and Volume Forecast by Type
      13.7.1. Grade 200
      13.7.2. Grade 250
      13.7.3. Grade 300
      13.7.4. Grade 350
   13.8. Basis Point Share (BPS) Analysis by Type
   13.9. Y-o-Y Growth Projections by Type
   13.10. Market Attractiveness/Growth Potential Analysis
      13.10.1. By Country
      13.10.2. By Product Type
      13.10.3. By Application
      13.10.4. By Sales Channel
   13.11. Middle East & Africa Maraging Steel Demand Share, 2019-2029

14. Competition Landscape
   14.1. Global Maraging Steel Market: Market Share Analysis
   14.2. Maraging Steel Distributors and Customers
   14.3. Maraging Steel Market: Competitive Dashboard
   14.4. Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.4.1. Hitachi Metals Overview Financials Developments Strategic Outlook
      14.4.2. Universal Stainless Overview Financials Developments Strategic Outlook
      14.4.3. Villares Metals Overview Financials Developments Strategic Outlook
      14.4.4. Dongbei Special Steel Group Overview Financials Developments Strategic Outlook
      14.4.5. NIPPON KOSHUHA Overview Financials Developments Strategic Outlook
      14.4.6. Bao steel Overview Financials Developments Strategic Outlook
      14.4.7. Daido Steel Overview Financials Developments Strategic Outlook
      14.4.8. Aubert & Dural Overview Financials Developments Strategic Outlook
      14.4.9. Bohler Overview Financials Developments Strategic Outlook
      14.4.10. COMPANY 10 Overview Financials Developments Strategic Outlook
      14.4.11. COMPANY 11 Overview Financials Developments Strategic Outlook
      14.4.12. COMPANY 12 Overview Financials Developments Strategic Outlook
      14.4.13. COMPANY 13 Overview Financials Developments Strategic Outlook
      14.4.14. COMPANY 14 Overview Financials Developments Strategic Outlook
      14.4.15. COMPANY 15 Overview Financials Developments Strategic Outlook
      14.4.16. COMPANY 16 Overview Financials Developments Strategic Outlook
      14.4.17. COMPANY 17 Overview Financials Developments Strategic Outlook
      14.4.18. COMPANY 18 Overview Financials Developments Strategic Outlook
      14.4.19. COMPANY 19 Overview Financials Developments Strategic Outlook
      14.4.20. COMPANY 20 Overview Financials Developments Strategic Outlook

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