Global Alloy Steel Market Growth 2019-2024

Alloy steels are made by combining carbon steel with one or several alloying elements, such as manganese, silicon, nickel, titanium, copper, chromium and aluminum. These metals are added to produce specific properties that are not found in regular carbon steel. The elements are added in varying proportions (or combinations) making the material take on different aspects such as increased hardness, increased corrosion resistance, increased strength, improved formability (ductility); the weld ability can also change.
The technical barriers of Alloy Steel are low, and the Alloy Steel market concentration degree is relatively lower.
This industry is affected by the economy and policy, so it’s important to put an eye to economic indexes and leaders’ prefer. With the global economic recovery, more and more people pay attention to rising environment standards, especially in underdevelopment regions that have a large population and fast economic growth, the need will increase.
We tend to believe this industry now is close to mature, and the consumption increasing degree will show a smooth curve. On product prices, the slow downward trend in recent years will maintain in the future, as competition intensifies, prices gap between different brands will go narrowing. Similarly, there will be fluctuation in gross margin.

According to this study, over the next five years the Alloy Steel market will register a 1.4% CAGR in terms of revenue, the global market size will reach US$ 143500 million by 2024, from US$ 132400 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Alloy Steel business, shared in Chapter 3.

This report presents a comprehensive overview, market shares, and growth opportunities of Alloy Steel market by product type, application, key manufacturers and key regions and countries.

This study considers the Alloy Steel value and volume generated from the sales of the following segments:

Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Flat Products
Long/Tubular Products
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Automotive
Machinery
Oil and Gas
Others

This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
ArcelorMittal
Tsingshan
Baowu Group
Shanxi TISCO
NSSMC
POSCO
Acerinox
Outokumpu
JFE Steel
Hesteel Group
Nucor Corporation
Hyundai Steel
Tata Steel
Ansteel Group
Shagang Group
ThyssenKrupp
JSW Steel Ltd
USSteel
Valin Steel Group
Maanshan Steel
NLMK Group
Evraz
Gerdau
Shougang
SAIL
Benxi Steel Group
Shandong Steel

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Research objectives
To study and analyze the global Alloy Steel consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Alloy Steel market by identifying its various subsegments.
Focuses on the key global Alloy Steel manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Alloy Steel with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Alloy Steel submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.