Global Special Steel Market Growth 2023-2029

Global Special Steel Market Growth 2023-2029

We can change the organizational structure of the steel by adding one or several alloy elements into carbon steel. And the steel can have a variety of special performance.

Special steel refers to steel produced using special techniques, with special characteristics and special purposes. Categorized by shape, special steel includes bar steel, plates, strip steel, tube steel and wire steel.

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

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

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

The global Special Steel market size is projected to grow from US$ 228060 million in 2022 to US$ 265190 million in 2029; it is expected to grow at a CAGR of 265190 from 2023 to 2029.

For industry structure analysis, the Special Steel industry is not concentrated. These manufacturers range from large multinational corporations to small privately owned companies compete in this industry. The top five producers include NSSMC, POSCO, JFE, Gerdau and Citic Pacific, account for 17% of the revenue market.

Asia-Pacific occupied 62% of the sales market. It is followed by Europe and North America, which respectively account for around 16% and 13% of the global total industry. Other countries have a smaller amount of sales.

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

Market Segmentation:

Segmentation by type

Structural Steel

Tool Steel and Die Steel

Stainless Steel

Others

Segmentation by application

Automobile Industry

Machinery Industry

Petrochemicals & Energy 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.

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

Key Questions Addressed in this Report

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

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

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

How do Special Steel market opportunities vary by end market size?

How does Special 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.