Global Abrasion Resistant Steel Market Growth 2024-2030

Global Abrasion Resistant Steel Market Growth 2024-2030

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.

The global Abrasion Resistant Steel market size is projected to grow from US$ 4329 million in 2024 to US$ 5750 million in 2030; it is expected to grow at a CAGR of 4.8% from 2024 to 2030.

LP Information, Inc. (LPI) ' newest research report, the “Abrasion Resistant Steel Industry Forecast” looks at past sales and reviews total world Abrasion Resistant Steel sales in 2023, providing a comprehensive analysis by region and market sector of projected Abrasion Resistant Steel sales for 2024 through 2030. 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.

The core global manufacturers of Abrasion Resistant Steel include SSAB, JFE, ThyssenKrupp, Dillinger, Bisalloy and ESSAR Steel Algoma. The top three manufacturers account for approximately 43% of the global share. The Asia-Pacific region is the world's largest market, accounting for nearly 35% of the market share.

In terms of product type, 500HB occupies a dominant position, accounting for 32% of the market share. At the same time, in terms of application, mining equipment is the largest application field, accounting for 57%.

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

Segmentation by Brinell Hardness:
Under HBW 400
400 HB
450 HB
500 HB
Above HBW 500

Segmentation by Application:
Construction
Mining Equipment
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 analysing the company's coverage, product portfolio, its market penetration.
SSAB
JFE
ThyssenKrupp
Dillinger
Bisalloy
ESSAR Steel Algoma
ArcelorMittal
NSSMC
NLMK Clabecq
Acroni
Salzgitter
Valin Steel
HBIS
Baowu Group
Bisalloy Jigang
NanoSteel

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 by Brinell Hardness, by Application?

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