Global Tool Steel & Die Steel Market Insights and Forecast to 2028

Tool Steel/Die Steel refers to a variety of carbon and alloy steels that are particularly well-suited to be made into tools. Tool steels are notable for their hardness, resistance to abrasion and deformation.
Market Analysis and Insights: Global Tool Steel & Die Steel Market
Due to the COVID-19 pandemic, the global Tool Steel & Die Steel market size is estimated to be worth US$ 4000.5 million in 2022 and is forecast to a readjusted size of US$ 5003.8 million by 2028 with a CAGR of 3.8% during the review period. Fully considering the economic change by this health crisis, Carbon Tool Steel accounting for % of the Tool Steel & Die Steel global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While Automotive segment is altered to an % CAGR throughout this forecast period.

On the basis of product

type, Alloy Tool Steel represent the largest share of the worldwide Tool Steel/Die Steel market, with 55.24% share.In the applications, the Automotive segment is estimated to be the largest end-use industry segment of the market in 2019, with 46.38% share of global market.Voestalpine occupies most of the world’s market, with the market share more than 20%.The Asia-Pacific holds the major share in the global market, with a share of 31.93%.
In terms of production side, this report researches the Tool Steel & Die Steel capacity, production, growth rate, market share by manufacturers and by region (region level and country level), from 2017 to 2022, and forecast to 2028.
In terms of sales side, this report focuses on the sales of Tool Steel & Die Steel by region (region level and country level), by company, by Type and by Application. from 2017 to 2022 and forecast to 2028.
Global Tool Steel & Die Steel Scope and Segment
Tool Steel & Die Steel market is segmented by Type and by Application. Players, stakeholders, and other participants in the global Tool Steel & Die Steel market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2017-2028.
Segment by Type
Carbon Tool Steel
Alloy Tool Steel
High Speed Tool Steel
Segment by Application
Automotive
Shipbuilding
Machinery
Others
By Company
Voestalpine
Schmolz + Bickenbach
Daido Steel
Sanyo Special Steel
Baowu
Nippon Koshuha Steel
Fushun Special Steel
TG
Hitachi
Crucible Industries
ArcelorMittal
Nachi-Fujikoshi
ERAMET
GMH Gruppe
Kind & Co.
Universal Stainless
Production by Region
North America
Europe
Japan
South Korea
China
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE