Global Special Steel Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Special Steel Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Market Overview:

The latest research study on the global Special Steel market finds that the global Special Steel market reached a value of USD 210550.46 million in 2022. It’s expected that the market will achieve USD 244452.28 million by 2028, exhibiting a CAGR of 2.52% during the forecast period.

Market Challenges and Impact

Special steel enterprises should not only consider the production scale and cost, but also consider environmental factors and sustainable development. Sustainable development and environmental pollution, energy consumption, energy costs, climate change, and other issues, are every steel producer must face.
Talent advantage is a key factor in enterprise competition. Every industry and every enterprise are attracting talents and need professional talents. Special steel industry if want to have substantial progress, the most important point is to attract talent.

Region Overview:

Asia Pacific had the highest growth rate of all regions.

Company Overview:

The top three companies are NSSMC, Citic Pacific and JFE with the revenue market share of 4.05%, 4.01% and 3.12% in 2019.

Nippon Steel Corporation manufactures steel products. The Company mainly produces and sells steel plates, steel pipes, structural steel, and more. Nippon Steel also offers chemicals, new materials, and other products.

CITIC Limited focus primarily on financial services, resources and energy, manufacturing, engineering contracting and real estate.

Segmentation Overview:

Among different product types, Structural Steel segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Automobile Industry segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Special Steel market covered in Chapter 3:

SeAH Group
Aichi Steel
Aperam
DAIDO Steel
NSSMC
Sanyo
Citic Pacific
Baosteel Special Steel
JFE
Xining Special Steel
SSAB
Dongbei Special Steel
Gerdau
Hyundai Special Steel
Voestalpine
Timken Steel

In Chapter 4 and Chapter 14.2, on the basis of types, the Special Steel market from 2018 to 2029 is primarily split into:

Structural Steel
Tool Steel and Die Steel
Stainless Steel
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Special Steel market from 2018 to 2029 covers:

Automobile Industry
Machine Manufacturing
Petrochemicals & Energy Industry
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)