Maraging Steel Market Size, Status and Growth Outlook 2022-2028

In 2020, the global Maraging Steel market size was US$ 14 million and it is expected to reach US$ 19.5 million by the end of 2028, with a CAGR of 4.5% during 2022-2028.

Global Maraging Steel Market Insights, Forecast to 2028

This Global Maraging Steel Market Research Report Forecast 2022-2028 is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data which enhances the understanding, scope, and application of this report.

Top Leading Players in the Global Maraging Steel Market are Hitachi Metals, Universal Stainless, Villares Metals, Dongbei Special Steel Group, NIPPON KOSHUHA, Bao steel, Daido Steel, Aubert & Dural, Bohler and others.

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Market Overview:

Maraging steel is 18% nickel, cobalt strengthened steel (C-type) with excellent properties, workability and heat treatment characteristics. Maraging is double vacuum melted by VIM (Vacuum Induction Melt) followed by VAR (Vacuum Arc Remelt). Maraging material is supplied in the annealed and descaled condition. The alloy is very tough, relatively soft (RC 30/35), readily machined or formed. Maraging provides a high value for critical parts in aerospace, structural, component and tooling Application.

The major global producers of maraging Steel include Hitachi Metals, Universal Stainless, Villares Metals, Dongbei Special Steel Group, Nippon Koshuha, Bao Steel, Daido Steel, Aubert & Dural and Bohler, which together account for over 90% of the market share. Japan is the largest supplier of maraging steel, with a market share of nearly 35%. China is the second largest supplier of maraging steel, with a market share of about 22%. North America is the biggest consumer, with a market share of nearly 30%. Europe is the second largest consumer market after North America, with a consumer market share of 26%.

Industry News:

Agni missile steel now from Durgapur

Durgapur: The Alloy Steel Plant (ASP) in Durgapur has come up with an alternative to 'Maraging Steel' that is used in the outer motor casing of Agni missiles.

(Source: timesofindia.indiatimes.com)

This report segments the global Maraging Steel market based on Types are:

Grade 200
Grade 250
Grade 300
Grade 350

Based on Application, the Global Maraging Steel market is segmented into:

Aerospace
Hydrospace
Tooling

Regional Analysis for Maraging Steel Market:

- North America (the United States, Canada, and Mexico)
- Europe (Germany, France, United Kingdom, Russia, Italy, and the Rest of Europe)
- Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
- South America (Brazil, Argentina, Colombia, and the Rest of South America)
- Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and the Rest of the Middle East & Africa)
- Rest of the world

Crucial Elements from the Table of Contents of Global Maraging Steel Market:

- Global Market Overview
- Global Market Competition, Profiles/Analysis, Strategies
- Global Market Capacity, Production, Revenue (Value) by Region (2016-2021)
- Global Market Supply (Production), Consumption, Export, Import by Region (2016-2021)
- Global Market Regional Highlights
- Industrial Chain, Sourcing Strategy, and Downstream Buyers
- Marketing Strategy Analysis, Distributors/Traders
- Market Effect Factors Analysis
- Market Decisions concerning the present scenario
- Global Maraging Steel Market Forecast (2022-2028)
- Case Studies
- Research Findings and Conclusion

The research includes historic data from 2016 to 2021 and forecasts until 2028 which makes the report an invaluable resource for industry executives, marketing, sales, and product managers, consultants, analysts, and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.

Finally, the Maraging Steel Market report is a believable source for gaining the market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request, market development rate and figure, and so on. Maraging Steel industry report additionally Presents new task SWOT examination, speculation attainability investigation, and venture return investigation.

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