Global Tool Steel & Die Steel Market Growth 2025-2031

Global Tool Steel & Die Steel Market Growth 2025-2031

The global Tool Steel & Die Steel market size is predicted to grow from US$ 8561 million in 2025 to US$ 9381 million in 2031; it is expected to grow at a CAGR of 1.5% from 2025 to 2031.

Tool Steel refers to a variety of carbon and alloy steels that are particularly well-suited to be made into tools. Tool steels are notable for their hardness, resistance to abrasion and deformation. Today, tool steel is widely used in various specific tool applications like dies, cutting, mold-making and hammers (personal or industrial). Tool Steel can retain a cutting edge at very high temperatures which is why they are often used in the shaping of other materials through cutting, pressing, coining or extruding. Their resistance to abrasion lends to their use in the production of injection molds.

The global key manufacturers of Tool Steel & Die Steel include Voestalpine, Swiss Steel Group and Tiangong International, etc, top 3 manufacturers hold a share approximately 27%. Voestalpine is the world's largest Tool Steel & Die Steel manufacturer, with a market share of more than 15%. Americas, Asia-Pacific and Europe are the major Tool Steel & Die Steel market, they have a market share of more than 96%. Americas is the largest market with a share of 36%. In terms of product type, Alloy Tool Steel is the largest market segment with a share of more than 61%.

LP Information, Inc. (LPI) ' newest research report, the “Tool Steel & Die Steel Industry Forecast” looks at past sales and reviews total world Tool Steel & Die Steel sales in 2024, providing a comprehensive analysis by region and market sector of projected Tool Steel & Die Steel sales for 2025 through 2031. With Tool Steel & Die Steel sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Tool Steel & Die Steel industry.

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

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

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

Segmentation by Type:
Carbon Tool Steel
Alloy Tool Steel
High Speed Tool Steel

Segmentation by Application:
Automotive
Household Appliances
Telecommunications
Construction
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.
Voestalpine
Swiss Steel Group
Tiangong International
Daido Steel
Sanyo Special Steel
SIJ Metal Ravne
SeAH CSS
Dongbei Special Steel
Proterial (Hitachi Metals)
Crucible Industries
Pangang
ArcelorMittal
Baosteel
Nippon Koshuha Steel
Nachi-Fujikoshi
Qilu Special Steel

Key Questions Addressed in this Report

What is the 10-year outlook for the global Tool Steel & Die Steel market?

What factors are driving Tool Steel & Die Steel market growth, globally and by region?

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

How do Tool Steel & Die Steel market opportunities vary by end market size?

How does Tool Steel & Die Steel break out by Type, by Application?

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