Maraging Steel Market Forecast 2025-2031, Growth Drivers, Emerging Trends, and Strategic Market Insights

QY Research has recently published a research report titled, "Global Maraging Steel Market Insights, Industry Share, Sales Projections, and Demand Outlook 2025-2031". The report presented here prepares market players to achieve consistent success while effectively dealing with unique challenges in the global Maraging Steel market. The analysts and researchers authoring the report have taken into consideration multiple factors predicted to positively and negatively impact the global Maraging Steel market. The report includes SWOT and PESTLE analyses to provide a deeper understanding of the global Maraging Steel market. All of the leading companies included in the report are profiled based on gross margin, market share, future plans, recent developments, target customer demographics, products and applications, and other critical factors.

The global Maraging Steel market was valued at US$ 16.4 million in 2024 and is anticipated to reach US$ 22.2 million by 2031, witnessing a CAGR of 4.5% during the forecast period 2025-2031.

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The global market for Maraging Steel was estimated to be worth US$ 625.67 million in 2024 and is forecast to a readjusted size of US$ 883.27 million by 2031 with a CAGR of 5.31% during the forecast period 2025-2031.

North American market for Maraging Steel was valued at $ 190.96 million in 2024 and will reach $ 262.44 million by 2031, at a CAGR of 5.09% during the forecast period of 2025 through 2031.

Asia-Pacific market for Maraging Steel was valued at $ 267.17 million in 2024 and will reach $ 396.12 million by 2031, at a CAGR of 5.68% during the forecast period of 2025 through 2031.

Europe market for Maraging Steel was valued at $ 134.40 million in 2024 and will reach $ 183.07 million by 2031, at a CAGR of 5.27% during the forecast period of 2025 through 2031.

The global key companies of Maraging Steel include Proterial, Universal Stainless, Voestalpine, Dongbei Special Steel Group, Nippon Koshuha Steel, Baosteel, Daido Steel, Aubert & Dural, and Carpenter Technology, etc. In 2024, the global five largest players hold a share approximately 64.83% in terms of revenue.

Market Drivers and Restrains

This section of the Maraging Steel report discusses various drivers and restrains that have shaped the global market. The detailed study of numerous drivers of the market enable readers to get a clear perspective of the market, which includes market environment, government policies, product innovations, breakthroughs, and market risks.

The research report also points out the myriad opportunities, challenges, and market barriers present in the global Maraging Steel market. The comprehensive nature of the information will help the reader determine and plan strategies to benefit from. Restrains, challenges, and market barriers also help the reader to understand how the company can prevent itself from facing downfall.

Market Competition

The vendor landscape and competitive scenarios of the global Maraging Steel market are broadly analyzed to help market players gain competitive advantage over their competitors. Readers are provided with detailed analysis of important competitive trends of the global Maraging Steel market. Market players can use the analysis to prepare themselves for any future challenges well in advance. They will also be able to identify opportunities to attain a position of strength in the global Maraging Steel market. Furthermore, the analysis will help them to effectively channelize their strategies, strengths, and resources to gain maximum advantage in the global Maraging Steel market.

Key Players Mentioned in the Global Maraging Steel Market Research Report:

Proterial
Universal Stainless
Voestalpine
Dongbei Special Steel Group
Nippon Koshuha Steel
Baosteel
Daido Steel
Aubert & Dural
Carpenter Technology
ATI
Sandvik

Market Segments

The report comes out as an accurate and highly detailed resource for gaining significant insights into the growth of different product and application segments of the global Maraging Steel market. Each segment covered in the report is exhaustively researched about on the basis of market share, growth potential, drivers, and other crucial factors. The segmental analysis provided in the report will help market players to know when and where to invest in the global Maraging Steel market. Moreover, it will help them to identify key growth pockets of the global Maraging Steel market.

Segment by Type:

Grade 200
Grade 250
Grade 300
Grade 350
Others

Segment by Application:

Aerospace
Defense and Military
Tooling and Mold Manufacturing
Others

Regional Growth

The report offers in-depth analysis of key regional and country-level Maraging Steel markets, taking into account their market size, CAGR, market potential, future developments, and other significant parameters. It includes geographical analysis of both developed and emerging markets for Maraging Steel. This helps readers to understand the growth pattern of the Maraging Steel market in different regions and countries. In addition, the regional analysis will provide market players an extremely important resource to plan targeted strategies to expand into key regional markets or tap into unexplored ones.

Segment by Region

North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)

While planning the strategic initiatives, market participants come across various questions and uncertainties. This report resolves various queries that most market players have regarding the global Maraging Steel market.

Important Questions Answered included in the Report:

(1) Does the global Maraging Steel market have growth potential?

(2) What are the growth opportunities for the new entrants in the global Maraging Steel market?

(3) Who are the leading manufacturers operating in the global Maraging Steel market? Will they maintain their dominance in future?

(4) What are the key strategies that market players may adopt to strengthen their presence in the global Maraging Steel market?

(5) How will the competitive scenario undergo a change in years to come?

(6) What are the emerging trends that may influence the growth of the global Maraging Steel market?

(7) What are the factors that may hamper the global Maraging Steel market growth in the years ahead?

(8) Which product type segment is expected to exhibit promising growth in the near future?

(9) What application is anticipated to grab a major share in the global Maraging Steel market?

(10) Which region is likely to emerge as a lucrative regional market in the forthcoming years?

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Table of Content

1 Market Overview 1
1.1 Maraging Steel Product Introduction 1
1.2 Global Maraging Steel Market Size Forecast 1
1.2.1 Global Maraging Steel Sales Value (2020-2031) 2
1.2.2 Global Maraging Steel Sales Volume (2020-2031) 3
1.2.3 Global Maraging Steel Sales Price (2020-2031) 4
1.3 Maraging Steel Market Trends & Drivers 5
1.3.1 Maraging Steel Industry Trends 5
1.3.2 Maraging Steel Market Drivers & Opportunity 6
1.3.3 Maraging Steel Market Challenges 6
1.3.4 Maraging Steel Market Restraints 7
1.4 Assumptions and Limitations 7
1.5 Study Objectives 8
1.6 Years Considered 9

2 Competitive Analysis by Company 10
2.1 Global Maraging Steel Players Revenue Ranking (2024) 10
2.2 Global Maraging Steel Revenue by Company (2020-2025) 11
2.3 Global Maraging Steel Players Sales Volume Ranking (2024) 12
2.4 Global Maraging Steel Sales Volume by Company Players (2020-2025) 13
2.5 Global Maraging Steel Average Price by Company (2020-2025) 15
2.6 Key Manufacturers Maraging Steel Manufacturing Base and Headquarters 16
2.7 Key Manufacturers Maraging Steel Product Offered 16
2.8 Key Manufacturers Establish Date 17
2.9 Maraging Steel Market Competitive Analysis 18
2.9.1 Maraging Steel Market Concentration Rate (2020-2025) 18
2.9.2 Global 3 and 5 Largest Manufacturers by Maraging Steel Revenue in 2024 19
2.9.3 Global Top Manufacturers by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Maraging Steel as of 2024) 20
2.10 Mergers & Acquisitions, Expansion 21

3 Segmentation by Type 23
3.1 Introduction by Type 23
3.1.1 Grade 200 23
3.1.2 Grade 250 23
3.1.3 Grade 300 24
3.1.4 Grade 350 24
3.1.5 Others 25
3.2 Global Maraging Steel Sales Value by Type 25
3.2.1 Global Maraging Steel Sales Value by Type (2020 VS 2024 VS 2031) 26
3.2.2 Global Maraging Steel Sales Value, by Type (2020-2031) 27
3.2.3 Global Maraging Steel Sales Value, by Type (%) (2020-2031) 28
3.3 Global Maraging Steel Sales Volume by Type 29
3.3.1 Global Maraging Steel Sales Volume by Type (2020 VS 2024 VS 2031) 29
3.3.2 Global Maraging Steel Sales Volume, by Type (2020-2031) 31
3.3.3 Global Maraging Steel Sales Volume, by Type (%) (2020-2031) 32
3.4 Global Maraging Steel Average Price by Type (2020-2031) 33

4 Segmentation by Application 35
4.1 Introduction by Application 35
4.1.1 Aerospace 35
4.1.2 Defense and Military 35
4.1.3 Tooling and Mold Manufacturing 36
4.1.4 Others 36
4.2 Global Maraging Steel Sales Value by Application 37
4.2.1 Global Maraging Steel Sales Value by Application (2020 VS 2024 VS 2031) 38
4.2.2 Global Maraging Steel Sales Value, by Application (2020-2031) 39
4.2.3 Global Maraging Steel Sales Value, by Application (%) (2020-2031) 40
4.3 Global Maraging Steel Sales Volume by Application 41
4.3.1 Global Maraging Steel Sales Volume by Application (2020 VS 2024 VS 2031) 41
4.3.2 Global Maraging Steel Sales Volume, by Application (2020-2031) 43
4.3.3 Global Maraging Steel Sales Volume, by Application (%) (2020-2031) 43
4.4 Global Maraging Steel Average Price by Application (2020-2031) 44

5 Segmentation by Region 46
5.1 Global Maraging Steel Sales Value by Region 46
5.1.1 Global Maraging Steel Sales Value by Region: 2020 VS 2024 VS 2031 46
5.1.2 Global Maraging Steel Sales Value by Region (2020-2025) 46
5.1.3 Global Maraging Steel Sales Value by Region (2026-2031) 47
5.1.4 Global Maraging Steel Sales Value by Region (%), (2020-2031) 47
5.2 Global Maraging Steel Sales Volume by Region 48
5.2.1 Global Maraging Steel Sales Volume by Region: 2020 VS 2024 VS 2031 48
5.2.2 Global Maraging Steel Sales Volume by Region (2020-2025) 48
5.2.3 Global Maraging Steel Sales Volume by Region (2026-2031) 49
5.2.4 Global Maraging Steel Sales Volume by Region (%), (2020-2031) 49
5.3 Global Maraging Steel Average Price by Region (2020-2031) 50
5.4 North America 51
5.4.1 North America Maraging Steel Sales Value, 2020-2031 51
5.4.2 North America Maraging Steel Sales Value by Country (%), 2024 VS 2031 52
5.5 Europe 53
5.5.1 Europe Maraging Steel Sales Value, 2020-2031 53
5.5.2 Europe Maraging Steel Sales Value by Country (%), 2024 VS 2031 54
5.6 Asia Pacific 55
5.6.1 Asia Pacific Maraging Steel Sales Value, 2020-2031 55
5.6.2 Asia Pacific Maraging Steel Sales Value by Region (%), 2024 VS 2031 56
5.7 Latin America 57
5.7.1 Latin America Maraging Steel Sales Value, 2020-2031 57
5.7.2 Latin America Maraging Steel Sales Value by Country (%), 2024 VS 2031 58
5.8 Middle East & Africa 59
5.8.1 Middle East & Africa Maraging Steel Sales Value, 2020-2031 59

6 Segmentation by Key Countries/Regions 60
6.1 Key Countries/Regions Maraging Steel Sales Value Growth Trends, 2020 VS 2024 VS 2031 60
6.2 Key Countries/Regions Maraging Steel Sales Value and Sales Volume 61
6.2.1 Key Countries/Regions Maraging Steel Sales Value, 2020-2031 61
6.2.2 Key Countries/Regions Maraging Steel Sales Volume, 2020-2031 63
6.3 United States 65
6.3.1 United States Maraging Steel Sales Value, 2020-2031 65
6.3.2 United States Maraging Steel Sales Value by Type (%), 2024 VS 2031 66
6.3.3 United States Maraging Steel Sales Value by Application, 2024 VS 2031 67
6.4 Europe 68
6.4.1 Europe Maraging Steel Sales Value, 2020-2031 68
6.4.2 Europe Maraging Steel Sales Value by Type (%), 2024 VS 2031 68
6.4.3 Europe Maraging Steel Sales Value by Application, 2024 VS 2031 69
6.5 China 70
6.5.1 China Maraging Steel Sales Value, 2020-2031 70
6.5.2 China Maraging Steel Sales Value by Type (%), 2024 VS 2031 71
6.5.3 China Maraging Steel Sales Value by Application, 2024 VS 2031 72
6.6 Japan 73
6.6.1 Japan Maraging Steel Sales Value, 2020-2031 73
6.6.2 Japan Maraging Steel Sales Value by Type (%), 2024 VS 2031 73
6.6.3 Japan Maraging Steel Sales Value by Application, 2024 VS 2031 74
6.7 South Korea 75
6.7.1 South Korea Maraging Steel Sales Value, 2020-2031 75
6.7.2 South Korea Maraging Steel Sales Value by Type (%), 2024 VS 2031 76
6.7.3 South Korea Maraging Steel Sales Value by Application, 2024 VS 2031 77
6.8 India 78
6.8.1 India Maraging Steel Sales Value, 2020-2031 78
6.8.2 India Maraging Steel Sales Value by Type (%), 2024 VS 2031 78
6.8.3 India Maraging Steel Sales Value by Application, 2024 VS 2031 79
6.9 Southeast Asia 80
6.9.1 Southeast Asia Maraging Steel Sales Value, 2020-2031 80
6.9.2 Southeast Asia Maraging Steel Sales Value by Type (%), 2024 VS 2031 81
6.9.3 Southeast Asia Maraging Steel Sales Value by Application, 2024 VS 2031 82

7 Company Profiles 83
7.1 Proterial 83
7.1.1 Proterial Company Information 83
7.1.2 Proterial Introduction and Business Overview 83
7.1.3 Proterial Maraging Steel Sales, Revenue, Price and Gross Margin (2020-2025) 84
7.1.4 Proterial Maraging Steel Product Offerings 84
7.1.5 Proterial Recent Development 85
7.2 Universal Stainless 85
7.2.1 Universal Stainless Company Information 86
7.2.2 Universal Stainless Introduction and Business Overview 86
7.2.3 Universal Stainless Maraging Steel Sales, Revenue, Price and Gross Margin (2020-2025) 87
7.2.4 Universal Stainless Maraging Steel Product Offerings 87
7.2.5 Universal Stainless Recent Development 88
7.3 Voestalpine 88
7.3.1 Voestalpine Company Information 88
7.3.2 Voestalpine Introduction and Business Overview 89
7.3.3 Voestalpine Maraging Steel Sales, Revenue, Price and Gross Margin (2020-2025) 89
7.3.4 Voestalpine Maraging Steel Product Offerings 90
7.4 Dongbei Special Steel Group 91
7.4.1 Dongbei Special Steel Group Company Information 91
7.4.2 Dongbei Special Steel Group Introduction and Business Overview 92
7.4.3 Dongbei Special Steel Group Maraging Steel Sales, Revenue, Price and Gross Margin (2020-2025) 92
7.4.4 Dongbei Special Steel Group Maraging Steel Product Offerings 93
7.5 Nippon Koshuha Steel 93
7.5.1 Nippon Koshuha Steel Company Information 93
7.5.2 Nippon Koshuha Steel Introduction and Business Overview 94
7.5.3 Nippon Koshuha Steel Maraging Steel Sales, Revenue, Price and Gross Margin (2020-2025) 94
7.5.4 Nippon Koshuha Steel Maraging Steel Product Offerings 95
7.6 Baosteel 95
7.6.1 Baosteel Company Information 95
7.6.2 Baosteel Introduction and Business Overview 96
7.6.3 Baosteel Maraging Steel Sales, Revenue, Price and Gross Margin (2020-2025) 96
7.6.4 Baosteel Maraging Steel Product Offerings 97
7.6.5 Baosteel Recent Development 97
7.7 Daido Steel 98
7.7.1 Daido Steel Company Information 98
7.7.2 Daido Steel Introduction and Business Overview 98
7.7.3 Daido Steel Maraging Steel Sales, Revenue, Price and Gross Margin (2020-2025) 99
7.7.4 Daido Steel Maraging Steel Product Offerings 99
7.8 Aubert & Dural 99
7.8.1 Aubert & Dural Company Information 100
7.8.2 Aubert & Dural Introduction and Business Overview 100
7.8.3 Aubert & Dural Maraging Steel Sales, Revenue, Price and Gross Margin (2020-2025) 101
7.8.4 Aubert & Dural Maraging Steel Product Offerings 101
7.8.5 Aubert & Dural Recent Development 102
7.9 Carpenter Technology 102
7.9.1 Carpenter Technology Company Information 102
7.9.2 Carpenter Technology Introduction and Business Overview 103
7.9.3 Carpenter Technology Maraging Steel Sales, Revenue, Price and Gross Margin (2020-2025) 104
7.9.4 Carpenter Technology Maraging Steel Product Offerings 104
7.10 ATI 104
7.10.1 ATI Company Information 105
7.10.2 ATI Introduction and Business Overview 105
7.10.3 ATI Maraging Steel Sales, Revenue, Price and Gross Margin (2020-2025) 106
7.10.4 ATI Maraging Steel Product Offerings 106
7.10.5 ATI Recent Development 107
7.11 Sandvik 108
7.11.1 Sandvik Company Information 108
7.11.2 Sandvik Introduction and Business Overview 108
7.11.3 Sandvik Maraging Steel Sales, Revenue, Price and Gross Margin (2020-2025) 109
7.11.4 Sandvik Maraging Steel Product Offerings 109
7.11.5 Sandvik Recent Development 110

8 Industry Chain Analysis 111
8.1 Maraging Steel Industrial Chain 111
8.2 Maraging Steel Upstream Analysis 111
8.2.1 Key Raw Materials 111
8.2.2 Raw Materials Key Suppliers 112
8.2.3 Manufacturing Cost Structure 113
8.3 Midstream Analysis 113
8.4 Downstream Analysis (Customers Analysis) 114
8.5 Sales Model and Sales Channels 115
8.5.1 Maraging Steel Sales Model 115
8.5.2 Sales Channel 115
8.5.3 Maraging Steel Distributors 116

9 Research Findings and Conclusion 117

10 Appendix 118
10.1 Research Methodology 118
10.1.1 Methodology/Research Approach 118
10.1.2 Data Source 121
10.2 Author Details 124
10.3 Disclaimer 124

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