Global Abrasion Resistant Steel Market Growth 2023-2029

Global Abrasion Resistant Steel Market Growth 2023-2029

The global Abrasion Resistant Steel market size is projected to grow from US$ 2947.5 million in 2022 to US$ 4056.5 million in 2029; it is expected to grow at a CAGR of 4056.5 from 2023 to 2029.

Global key players of Abrasion Resistant Steel include SSAB, JFE, ThyssenKrupp, Dillinger, Bisalloy, ESSAR Steel, and Algoma, etc. Among them, SSAB is the largest manufacturer, with a share about 32 percent. Europe is the largest market, with a share over 50%, followed by North America and Japan. In terms of product, the 500 HB Abrasion Resistant Steel is the largest segment, occupying for a share over 29%, closely followed by 400 HB Abrasion Resistant Steel. In terms of application,Mining Equipment Industry is the largest market, followed by Construction Industry and other Applications.

Abrasion Resistant Steel are carbon steels used in high abrasion environments, such as in mining equipment, shredders or dumper bodies. Their abrasion resistance is typically measured in terms of indentation hardness.

LPI (LP Information)' newest research report, the “Abrasion Resistant Steel Industry Forecast” looks at past sales and reviews total world Abrasion Resistant Steel sales in 2022, providing a comprehensive analysis by region and market sector of projected Abrasion Resistant Steel sales for 2023 through 2029. With Abrasion Resistant Steel sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Abrasion Resistant Steel industry.

This Insight Report provides a comprehensive analysis of the global Abrasion Resistant Steel landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Abrasion Resistant Steel portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Abrasion Resistant Steel market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Abrasion Resistant Steel and breaks down the forecast by brinell hardness, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Abrasion Resistant Steel.

This report presents a comprehensive overview, market shares, and growth opportunities of Abrasion Resistant Steel market by product brinell hardness, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by brinell hardness
Under HBW 400
400 HB
450 HB
500 HB
Above HBW 500

Segmentation by application
Construction Industry
Mining Equipment Industry
Other

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
SSAB
JFE
ThyssenKrupp
Dillinger
Bisalloy
ESSAR Steel Algoma
ArcelorMittal
NSSMC
NLMK Clabecq
Bisalloy Jigang
NanoSteel
Baowu Group
WUYANG Steel
ANSTEEL
TISCO
Acroni
Salzgitter

Key Questions Addressed in this Report

What is the 10-year outlook for the global Abrasion Resistant Steel market?

What factors are driving Abrasion Resistant Steel market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Abrasion Resistant Steel market opportunities vary by end market size?

How does Abrasion Resistant Steel break out brinell hardness, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.