Press release
Cryogenic Steel Market: Explosive Growth
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Additionally, authors of the report have provided the competitive scenario by emphasizing on the prominent strategic activities such as mergers and acquisitions, product development, collaboration, business expansion, and portfolio expansion taking place in Cryogenic Steel business. This research report as a whole acts like a key tool for the vendors to obtain clear understanding of the present and future development scenario of the Cryogenic Steel industry.
In order to broaden the overall understanding of the global Cryogenic Steel industry, the report has segregated the global Cryogenic Steel business into varied segments comprising product type, application, and end user. This examination has been carried out based on parameters like size, CAGR, share, production, and consumption. Also, region-wise assessment, wherein lucrative prospects that a region or country is likely to offer has been explored.
Cryogenic Steel report published by QYResearch reveals that COVID-19 and Russia-Ukraine War impacted the market dually in 2022. Global Cryogenic Steel market is projected to reach US$ 6824.8 million in 2029, increasing from US$ 4195 million in 2022, with the CAGR of 7.2% during the period of 2023 to 2029. Demand from Petrochemical and Energy are the major drivers for the industry.
North America, Europe and Asia Pacific are the key regions for Cryogenic Steel industry. Among those areas, stimulated by rigid demand from downstream industries, Asia Pacific is estimated to experience fast growth, with the CAGR of % during 2023 to 2029.
Globally, Cryogenic Steel key manufacturers include Taiyuan Iron & Steel (Group) Co., Ltd., Angang Steel Group Limited, CHINA BAOWU STEEL GROUP, Nanjing Iron&Steel Co.,Ltd., Xiangtan Iron & Steel Group Co., Ltd., Wuyang Steel Co., Ltd., Nippon Steel, Baoshan Iron & Steel Co., Ltd. and ArcelorMittal, etc. Taiyuan Iron & Steel (Group) Co., Ltd., Angang Steel Group Limited, CHINA BAOWU STEEL GROUP are top 3 players and held % sales share in total in 2022.
Cryogenic Steel can be divided into Austenitic Low Temperature Steel, Low Carbon Martensitic Low Temperature Steel and Ferritic Low Temperature Steel,, etc. Austenitic Low Temperature Steel is the mainstream product in the market, accounting for % sales share globally in 2022.
Cryogenic Steel is widely used in various fields, such as Petrochemical, Energy, Ship and Ocean Engineering and Aerospace, etc. Petrochemical provides greatest supports to the Cryogenic Steel industry development. In 2022, global % sales of Cryogenic Steel went into Petrochemical filed.
Report Scope
This report, based on historical analysis (2018-2022) and forecast calculation (2023-2029), aims to help readers to get a comprehensive understanding of global Cryogenic Steel market with multiple angles, which provides sufficient supports to readers' strategy and decision making.
Manufacturers, Type, Application and Regions Listed in the Report:
By Company
Taiyuan Iron & Steel (Group) Co., Ltd.
Angang Steel Group Limited
CHINA BAOWU STEEL GROUP
Nanjing Iron&Steel Co.,Ltd.
Xiangtan Iron & Steel Group Co., Ltd.
Wuyang Steel Co., Ltd.
Nippon Steel
Baoshan Iron & Steel Co., Ltd.
ArcelorMittal
Segment by Type
Austenitic Low Temperature Steel
Low Carbon Martensitic Low Temperature Steel
Ferritic Low Temperature Steel
Segment by Application
Petrochemical
Energy
Ship and Ocean Engineering
Aerospace
Other
Segment by Region
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Southeast Asia
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE
Each chapter of the report provides detailed information for readers to understand the Cryogenic Steel market further:
Chapter 1: Product Definition, Product Types, Volume and Revenue analysis of Each Type in North America, Europe, Asia-Pacific, Latin America, Middle East and Africa from 2018 to 2023.
Chapter 2: Manufacturer Competition Status, including Sales and Revenue comparison, Manufacturers' commercial date of Cryogenic Steel, product type offered by each manufacturer, Mergers & Acquisitions activities, Expansion activities occurred in the Cryogenic Steel industry.
Chapter 3: Historical (2018-2022) and forecast (2023-2029) volume and revenue analysis of Cryogenic Steel in North America, Europe, Asia-Pacific, Latin America, Middle East and Africa.
Chapter 4: Product Application, Volume and Revenue analysis of Each Application in North America, Europe, Asia-Pacific, Latin America, Middle East and Africa from 2018 to 2023.
Chapter 5 to 9: Country Level analysis of North America, Europe, Asia-Pacific, Latin America, Middle East and Africa, including volume and revenue analysis.
Chapter 10: Manufacturers' Outline, covering company's basic information like headquarter, contact information, major business, Cryogenic Steel introduction, etc. Cryogenic Steel Sales, Revenue, Price and Gross Margin of each company as well as Recent Development are also contained in this part.
Chapter 11: Industry Chain, like raw materials, manufacturing cost, are covered. In addition, market opportunities and challenges are emphasized as well in the chapter.
Chapter 12: Market Channel, Distributors and Customers are listed.
Chapter 13: QYResearch's Conclusions of Cryogenic Steel market based on comprehensive survey.
Chapter 14: Methodology and Data Sources adopted by QYResearch.
Contact Us
QY RESEARCH, INC.
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+1 626 539 9760 / +91 8669986909
rahul@qyresearch.com / enquiry@qyresearch.com
About Us:
QYResearch is a leading global market research and consulting company established in 2007. With over 16 years' experience and professional research team in various cities over the world QY Research focuses on management consulting, database and seminar services, IPO consulting, industry chain research and customized research to help our clients in providing non-linear revenue model and make them successful. We are globally recognized for our expansive portfolio of services, good corporate citizenship, and our strong commitment to sustainability.
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