Global Medium Carbon Steel Market Growth 2024-2030

Global Medium Carbon Steel Market Growth 2024-2030

Medium-carbon steel, often referred to as M2 steel contains approximately 0.30% to 0.60% carbon and 0.60% to 1.65% manganese. The term M2 steel denotes its specific composition and properties. Its chemical name is typically a combination of iron (Fe), carbon (C), manganese (Mn), and other alloying elements. The structure of medium-carbon steel consists of a crystalline lattice of iron atoms with carbon and manganese atoms interspersed. This composition allows medium-carbon steel to be quenched and tempered for increased strength. It is primarily used for manufacturing axles, couplings, shafts, crankshafts, forgings, and gears, while higher carbon content variants (0.40% to 0.60%) are employed in applications such as: rail axles, railway wheels, and rails.

The global Medium Carbon Steel market size is projected to grow from US$ million in 2024 to US$ million in 2030; it is expected to grow at a CAGR of %from 2024 to 2030.

LP Information, Inc. (LPI) ' newest research report, the “Medium Carbon Steel Industry Forecast” looks at past sales and reviews total world Medium Carbon Steel sales in 2023, providing a comprehensive analysis by region and market sector of projected Medium Carbon Steel sales for 2024 through 2030. With Medium Carbon Steel sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Medium Carbon Steel industry.

This Insight Report provides a comprehensive analysis of the global Medium Carbon 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 Medium Carbon Steel portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Medium Carbon Steel market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Medium Carbon 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 Medium Carbon Steel.

United States market for Medium Carbon Steel is estimated to increase from US$ million in 2023 to US$ million by 2030, at a CAGR of % from 2024 through 2030.

China market for Medium Carbon Steel is estimated to increase from US$ million in 2023 to US$ million by 2030, at a CAGR of % from 2024 through 2030.

Europe market for Medium Carbon Steel is estimated to increase from US$ million in 2023 to US$ million by 2030, at a CAGR of % from 2024 through 2030.

Global key Medium Carbon Steel players cover DALSIN INDUSTRIES, O’Hare Precision Metals, MORY INDUSTRIES, Aichi Steel, Posco Group, etc. In terms of revenue, the global two largest companies occupied for a share nearly

% in 2023.

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

Segmentation by Type:
4140 Steel
1060 Steel
1045 Steel
Others

Segmentation by Application:
Railway Tracks
Train Wheels
Crankshafts for Enginesheels
Machinery Parts
Others

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.
DALSIN INDUSTRIES
O’Hare Precision Metals
MORY INDUSTRIES
Aichi Steel
Posco Group
TAKASAGO TEKKO
Nova Steel Corporation
Champak Industries
Newzel Industries
Dhanwant Metal
Baosteel Group
Meidi Steel (Shandong)
Shandong Haorui Metal Material
Jinan Tianzan Steel
Jinan Xinhua Shengda Steel Pipe

Key Questions Addressed in this Report

What is the 10-year outlook for the global Medium Carbon Steel market?

What factors are driving Medium Carbon Steel market growth, globally and by region?

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

How do Medium Carbon Steel market opportunities vary by end market size?

How does Medium Carbon Steel break out by Type, by Application?

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