Global Maraging Steel Market Growth 2023-2029

Global Maraging Steel Market Growth 2023-2029

Maraging steel is 18% nickel, cobalt strengthened steel (C-type) with excellent properties, workability and heat treatment characteristics. Maraging is double vacuum melted by VIM (Vacuum Induction Melt) followed by VAR (Vacuum Arc Remelt). Maraging material is supplied in the annealed and descaled condition. The alloy is very tough, relatively soft (RC 30/35), readily machined or formed. Maraging provides a high value for critical parts in aerospace, structural, component and tooling Application.
LPI (LP Information)' newest research report, the “Maraging Steel Industry Forecast” looks at past sales and reviews total world Maraging Steel sales in 2022, providing a comprehensive analysis by region and market sector of projected Maraging Steel sales for 2023 through 2029. With Maraging Steel sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Maraging Steel industry.
This Insight Report provides a comprehensive analysis of the global Maraging 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 Maraging Steel portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Maraging Steel market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Maraging Steel and breaks down the forecast by type, 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 Maraging Steel.
The global Maraging Steel market size is projected to grow from US$ 15 million in 2022 to US$ 20 million in 2029; it is expected to grow at a CAGR of 20 from 2023 to 2029.
The major global producers of maraging Steel include Hitachi Metals, Universal Stainless, Villares Metals, Dongbei Special Steel Group, Nippon Koshuha, Bao Steel, Daido Steel, Aubert & Dural and Bohler, which together account for over 90% of the market share. Japan is the largest supplier of maraging steel, with a market share of nearly 35%. China is the second largest supplier of maraging steel, with a market share of about 22%. North America is the biggest consumer, with a market share of nearly 30%. Europe is the second largest consumer market after North America, with a consumer market share of 26%.
This report presents a comprehensive overview, market shares, and growth opportunities of Maraging Steel market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Grade 200
Grade 250
Grade 300
Grade 350
Segmentation by application
Aerospace
Hydrospace
Tooling
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.
Hitachi Metals
Universal Stainless
Villares Metals
Dongbei Special Steel Group
NIPPON KOSHUHA
Bao steel
Daido Steel
Aubert & Dural
Bohler
Key Questions Addressed in this Report
What is the 10-year outlook for the global Maraging Steel market?
What factors are driving Maraging Steel market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Maraging Steel market opportunities vary by end market size?
How does Maraging Steel break out type, 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.