The global special steel market is expected to grow at a CAGR of 3.5% during the forecast period, to reach USD 8.2 billion by 2030 from USD 7.1 billion in 2018. The growth of the market is driven by factors such as increasing demand for high-quality steel products and rising investments in infrastructure projects across the globe.
Structural Steel: Structural steel is used in construction and engineering applications, such as bridges, buildings, and other structures that require high strength and durability properties. The structural steel segment accounted for over 50% of the total revenue share in 2018 due to its wide application across various industries including automotive industry, machine manufacturing industry, petrochemicals & energy industry etc, which are witnessing significant growth owing to increased demand for infrastructure development globally.
Tool Steel: Tool steels are used extensively in cutting tools like saw blades or drill bits because they have a very hard surface layer that resists wear from contact with other metals or materials being cut or drilled through; this makes them ideal for use on metalworking machines like lathes and mills where they can be used to cut metal parts with precision accuracy without damaging their cutting edges or surfaces too much during operation.
Die Steel: Die steels are typically made from low carbon tool steels that have been hardened through heat treatment processes; these types of steels are often used as dies (molds) into which molten metal is poured so it can be shaped into specific shapes before cooling down into a solid form - this process is known as die casting (or die-casting).
5a) Steel prices have been declining since 2014 due to oversupply from China; however, this trend may reverse as Chinese production slows down and supply becomes tighter than demand.
5b) Demand from emerging markets such as India has increased significantly in recent years because of their growing middle class populations.
Some Of The Growth Factors Of This Market:
- The demand for steel is expected to grow by 2% annually, which will lead to a need for more steel production.
- The global population is expected to grow by 1 billion people in the next 20 years, which will increase the demand for steel products and services.
- The construction industry is one of the largest consumers of steel products and services, so as construction activity increases, so does the demand for steel products and services.
- Steel prices are currently low due to oversupply in China's market, but this could change if China's economy slows down or if there are any other changes in global economic conditions that affect China's economy or its ability to produce enough steel at a competitive price point.
Industry Growth Insights published a new data on “Special Steel Market”. The research report is titled “Special Steel Market research by Types (Structural Steel, Tool Steel and Die Steel, Stainless Steel, Others), By Applications (Automobile Industry, Machine Manufacturing, Petrochemicals & Energy Industry), By Players/Companies NSSMC, POSCO, JFE, Gerdau, Citic Pacific, ThyssenKrupp AG, TISCO, Aperam, Outokumpu, Dongbei Special Steel, Nanjing Steel, Voestalpine, Hyundai, AK Steel, Baosteel, DAIDO Steel, SSAB, Sandvik, HBIS, Sanyo, Ovako, Xining Special Steel, Shagang Group, Aichi Steel, Nippon Koshuha, Timken Steel”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Special Steel Market Research Report
By Type
Structural Steel, Tool Steel and Die Steel, Stainless Steel, Others
By Application
Automobile Industry, Machine Manufacturing, Petrochemicals & Energy Industry
By Companies
NSSMC, POSCO, JFE, Gerdau, Citic Pacific, ThyssenKrupp AG, TISCO, Aperam, Outokumpu, Dongbei Special Steel, Nanjing Steel, Voestalpine, Hyundai, AK Steel, Baosteel, DAIDO Steel, SSAB, Sandvik, HBIS, Sanyo, Ovako, Xining Special Steel, Shagang Group, Aichi Steel, Nippon Koshuha, Timken 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
246
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Special Steel Market Report Segments:
The global Special Steel market is segmented on the basis of:
Types
Structural Steel, Tool Steel and Die Steel, Stainless Steel, 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
Automobile Industry, Machine Manufacturing, Petrochemicals & Energy Industry
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:
- NSSMC
- POSCO
- JFE
- Gerdau
- Citic Pacific
- ThyssenKrupp AG
- TISCO
- Aperam
- Outokumpu
- Dongbei Special Steel
- Nanjing Steel
- Voestalpine
- Hyundai
- AK Steel
- Baosteel
- DAIDO Steel
- SSAB
- Sandvik
- HBIS
- Sanyo
- Ovako
- Xining Special Steel
- Shagang Group
- Aichi Steel
- Nippon Koshuha
- Timken Steel
Highlights of The Special 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:
- Structural Steel
- Tool Steel and Die Steel
- Stainless Steel
- Others
- By Application:
- Automobile Industry
- Machine Manufacturing
- Petrochemicals & Energy Industry
- 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 Special 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?
Special Steel is a type of steel that has been specifically treated to make it stronger and more durable than other types of steel. This treatment can include things like adding elements such as titanium or nickel, which makes the steel resistant to corrosion and less likely to break.
Some of the major companies in the special steel market are NSSMC, POSCO, JFE, Gerdau, Citic Pacific, ThyssenKrupp AG, TISCO, Aperam, Outokumpu, Dongbei Special Steel, Nanjing Steel, Voestalpine, Hyundai, AK Steel, Baosteel, DAIDO Steel, SSAB, Sandvik, HBIS, Sanyo, Ovako, Xining Special Steel, Shagang Group, Aichi Steel, Nippon Koshuha, Timken Steel.
The special steel market is expected to grow at a compound annual growth rate of 3.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Special 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. Special Steel Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Special Steel Market - Supply Chain
4.5. Global Special Steel Market Forecast
4.5.1. Special Steel Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Special Steel Market Size (000 Units) and Y-o-Y Growth
4.5.3. Special Steel Market Absolute $ Opportunity
5. Global Special 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. Special Steel Market Size and Volume Forecast by Type
5.3.1. Structural Steel
5.3.2. Tool Steel and Die Steel
5.3.3. Stainless Steel
5.3.4. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Special 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. Special Steel Market Size and Volume Forecast by Application
6.3.1. Automobile Industry
6.3.2. Machine Manufacturing
6.3.3. Petrochemicals & Energy Industry
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Special 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. Special 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 Special 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. Special 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 Special Steel Demand Share Forecast, 2019-2026
9. North America Special 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 Special 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 Special Steel Market Size and Volume Forecast by Application
9.4.1. Automobile Industry
9.4.2. Machine Manufacturing
9.4.3. Petrochemicals & Energy Industry
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Special Steel Market Size and Volume Forecast by Type
9.7.1. Structural Steel
9.7.2. Tool Steel and Die Steel
9.7.3. Stainless Steel
9.7.4. Others
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 Special Steel Demand Share Forecast, 2019-2026
10. Latin America Special 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 Special 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 Special Steel Market Size and Volume Forecast by Application
10.4.1. Automobile Industry
10.4.2. Machine Manufacturing
10.4.3. Petrochemicals & Energy Industry
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Special Steel Market Size and Volume Forecast by Type
10.7.1. Structural Steel
10.7.2. Tool Steel and Die Steel
10.7.3. Stainless Steel
10.7.4. Others
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 Special Steel Demand Share Forecast, 2019-2026
11. Europe Special 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 Special 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 Special Steel Market Size and Volume Forecast by Application
11.4.1. Automobile Industry
11.4.2. Machine Manufacturing
11.4.3. Petrochemicals & Energy Industry
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Special Steel Market Size and Volume Forecast by Type
11.7.1. Structural Steel
11.7.2. Tool Steel and Die Steel
11.7.3. Stainless Steel
11.7.4. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential 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 Special Steel Demand Share, 2019-2026
12. Asia Pacific Special 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 Special 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 Special Steel Market Size and Volume Forecast by Application
12.4.1. Automobile Industry
12.4.2. Machine Manufacturing
12.4.3. Petrochemicals & Energy Industry
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Special Steel Market Size and Volume Forecast by Type
12.7.1. Structural Steel
12.7.2. Tool Steel and Die Steel
12.7.3. Stainless Steel
12.7.4. Others
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 Special Steel Demand Share, 2019-2026
13. Middle East & Africa Special 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 Special 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 Special Steel Market Size and Volume Forecast by Application
13.4.1. Automobile Industry
13.4.2. Machine Manufacturing
13.4.3. Petrochemicals & Energy Industry
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Special Steel Market Size and Volume Forecast by Type
13.7.1. Structural Steel
13.7.2. Tool Steel and Die Steel
13.7.3. Stainless Steel
13.7.4. Others
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 Special Steel Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Special Steel Market: Market Share Analysis
14.2. Special Steel Distributors and Customers
14.3. Special Steel Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. NSSMC
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. POSCO
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. JFE
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Gerdau
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Citic Pacific
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. ThyssenKrupp AG
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. TISCO
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Aperam
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Outokumpu
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Dongbei Special Steel
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Nanjing Steel
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Voestalpine
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Hyundai
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. AK Steel
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Baosteel
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. DAIDO Steel
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. SSAB
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Sandvik
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. HBIS
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Sanyo
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
