Press release
Tool Steel 2018 Global Key Country Analysis: Nachi-Fujikoshi, Voestalpine AG, Sandvik, Baosteel Group, Samuel, Hitachi Metal, Eramet SA, Schmiedewerke Gröditz
Tool Steel Market
Global Tool Steel Market Information Report, By Format Type (Round Format, Square Format and Other Format), By Application (Automotive, Machinery and Shipbuilding), By Process (Forged and Rolled) and By Region - Forecast To 2023
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Market Highlights
The global tool steel market is marked with growth potential in the coming years. Major factors that have driven the tool steel market are growing automotive industry, growing forging industry and expansion of global tool steel manufacturers into emerging markets. However, the market growth is hindered by the fluctuating prices of steel. Despite this factors, the tool steel market is expected to show a good market figure owing to the broader scope in developing nations and other. As per MRFR analysis, the global tool steel market was valued at USD 4,178.1 million in 2016, which is expected to reach USD 5,861.6 million by 2023 with a CAGR 5.05% during the forecast period 2017-2023.
Market Research Analysis
Tool Steel refers to a wide range of carbon and alloy steels that are well-suited to be converted into tools. Tool steels are known for their hardness, deformation and resistance to abrasion. One of the key growth drivers of tool steel market are the increase in the demand for tool steels for manufacturing various cutting tools, such as tool bits, drills, taps, gear cutters, saw blades, planers, jointer blades, milling cutters, router bits, punches, and dies. Tool steel provides certain benefits such as high resistance to wear, good thermal conductivity and good hardenability, cost-effective machinability and excellent polishing and acid-treatment properties. These properties make tool steel, suitable for use in various end use industries including automotive industry, mechanical and plant engineering, power-generation, aviation, food and packaging industries, structural and civil engineering and mining, thereby driving the growth of the market.
Scope of the Report
This study provides an overview of the global tool steel market, tracking two market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next 6 years for each region. The scope of the study segments the global tool steel market by its format type, application, process and regions.
Global Tool Steel Market, By Format Type
Round Format
Square Format
Others
Global Tool Steel Market, By Application
Automotive
Machinery
Shipbuilding
Global Tool Steel Market, By Process
Forged
Rolled
Global Tool Steel Market, By Region
North America
Europe
Asia Pacific
South America
Middle East & Africa
The Major Players Operating in Global Tool Steel Market, Who Have Adopted The Strategies Such As:
geographic expansion, mergers, and acquisitions are Nachi-Fujikoshi Corp (Japan), Voestalpine AG (Austria), Sandvik (Sweden), Baosteel Group (China), Samuel, Son & Co (Canada), Hitachi Metal (Japan), Eramet SA (France), Schmiedewerke Gröditz (Germany), Universal Stainless (US), QiLu Special Steel Co,.Ltd (China), Hudson Tool Steel Corporation (US), GERDAU S.A (Brazil) and Pennsylvania Steel Company (US).
Get Complete Report Details of Tool Steel Market @ https://www.marketresearchfuture.com/reports/tool-steel-market-2754
Table of Contents
1 Executive Summary
2 Introduction
3 Research Methodology
4 Market Dynamics
5 Global Tool Steel Market, By Type
6 Global Tool Steel Market, By Format Type
7 Global Tool Steel Market, By Application
8 Global Tool Steel Market, By Process
9 Global Tool Steel Market, By Region
10 Company Profiles
11 List of Tables
12 List of Figures
Continued…….
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