High Speed Steel Market
High Speed Steel Market Analysis by Conventional HSS, Powder Metallurgy HSS, and Spray Forming HSS for Cutting Tools and Metal Cutting from 2023 to 2033
Analysis of High Speed Steel Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
High-Speed Steel Market Growth Outlook (2023 to 2033)
The High Speed Steel market size was valued at US$ 2.6 billion in 2022 & is expected to expand at a compound annual growth rate (CAGR) of 6.7% from 2023 to 2033
Sales of high-speed steel market are valued to be US$ 2.7 billion in 2023 and to reach US$ 5.2 billion by the end of 2033.
High-speed steels, abbreviated as HSS, are steel alloys named primarily for their ability to machine and cut materials at high speeds. It is often used in power-saw blades and drill bits. High-speed steel is superior to older high-carbon steel tools in that it can withstand higher temperatures without losing its temper.
| Report Attributes | Details |
|---|---|
| High-Speed Steel Market Size (2022A) | US$ 2.6 Billion |
| Estimated Market Value (2023E) | US$ 2.7 Billion |
| Forecasted Market Value (2033F) | US$ 5.2 Billion |
| Global Market Growth Rate (2023 to 2033) | 6.7% CAGR |
| North America Market Share (2023) | 23.9% |
| US Market Growth Rate (2023 to 2033) | 6.1% CAGR |
| Key Companies Profiled | Erasteel; Kennametal; Voestalpine AG; Graphite India Ltd.; NACHI-FUJIKOSHI CORP.; Tiangong International Co. Ltd |
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Historic and Future Pathway Analysis for the High-Speed Steel Market
Major building components of HSS are alloys of carbon, vanadium, chromium, molybdenum or tungsten, or combinations. These raw materials are adding value to high-speed steel with improved chemical composition to cater to applications and use cases in end-use industries.
The demand for high-speed steel is growing across various industries due to its properties such as durability, good hardness retention capabilities, high working hardness, and high wear resistance. HSS continues to make its path for mass production and also for its high-temperature operations.
Due to this, over the past half-decade, high-speed steel has portrayed absolute growth at a CAGR of 4.2% from 2018 to 2022.
- Short Term (2023 to 2026): Rising use of cutting tools applications to bolster the HSS market growth in the short run.
- Medium Term (2026 to 2029): Growth in lightweight vehicle demand in the automobile sector to pave the way for the high-speed steel market.
- Long Term (2029 to 2033): Asia pacific markets like China and India will lead the demand in long run pertaining to the growing automotive and manufacturing industries demanding keen tools for various operations.
According to the Fact.MR, a market research and competitive intelligence provider, the market is projected to exhibit growth at 6.7% CAGR between 2023 and 2033.
Market Dynamics Overview
“Versatility and Requisition in HSS Encourages Consumption among Industries”
HSS is used in mechanical engineering, automotive, dies and molds, aerospace, machine tool, and other industries. HSS proves versatile and is used in shaper cutters, milling cutters, broaches, hobs, shaver cutters, and bevel cutters for fabricating gears. Subsequent development and research have made variations on molybdenum and tungsten balancing.
HSS properties such as wear resistance, hardness, and temperature resistance, among others, open a plethora of applications for the HSS market players.
Other elements such as cobalt and vanadium are added to enhance the further properties of HSS. Upcoming technology in HSS production forms will provide further space to HSS in the market for a variety of unexplored applications.
“Availability of Alternatives to Hamper HSS Market Growth”
Carbide tools and their application remained a major competition and a strong alternative to high-speed steel tools. Carbide steel tools have 6-7 times higher speed than steel and offer exceptional hardness and wear resistance. Cemented carbide is an extremely hard material used as a cutting tool in numerous industrial applications. Carbide drills also offer strong strength and toughness used for high-volume whole production with high material removal rate.
Manufacturing companies continue to maintain a cut-throat competition between carbide and HSS tools. Despite being better in many instances, carbide tools hold a drawback in pricing. HSS tools are quite economical compared to carbide tools. This helps HSS to compete against the carbide tool market and sustain its position in industries. Presently, cutting tool industries are procuring both carbide and HSS as their cutting tool.
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Country-wise Insights
Why the Demand for High-Speed Steel is Growing Faster in China Compared to Other Countries?
The main consumer of steel in Asia is the construction industry, which is expected to rise significantly during the projected period. The construction sector accounts for almost two-thirds of all steel consumption in Asian nations, which continues to be a positive sign for the high-speed steel market growth.
The automotive industry is one of the key manufacturing sectors in the country. China produces more than half of the automobiles in the Asia-Pacific region. Being a developing country, continuously increasing spending on infrastructure development will lead to higher demand for HSS in China.
What Factors are making the US dominate the demand for High-Speed Steel?
The U.S. developed industrial sector is one of the main factors supporting HSS market growth. The manufacturing industry accounts for 10.8% of the United States economy calculated by gross domestic product (GDP), according to CMS' Office of the Actuary estimates.
The United States continues to be one of the greatest markets in the world for industrial equipment, making it a lucrative market for producers of HSS tools. Additionally, significant end-use industries in the United States, including automotive and transportation, oil and gas, and construction, are anticipated to fuel the HSS market growth.
Category-wise Insights
Why Powder Metallurgy is Gaining Traction?
Manufacturers in the high-speed steel market focus on the production method of HSS such as powder metallurgy and spray forming to secure upper-hand capabilities in this competitive market. Key players in the high-speed steel market are focusing on providing better production methods compared to conventional HSS technology to deliver the required material to meet the end-user’s requirement for keen-edge tools.
Other methods are also used to produce high-speed steel which also accounts for a certain share of the market.
Which End-Use Industry is driving High-Speed Steel Market?
The automotive industry holds approximately 1/4th of the total demand for high-speed steel. The rising demand for high-end industrial machinery and equipment from the automotive industry is the main reason for overall growth.
High-speed steel is highly used in the production of various spare parts and components for passenger and commercial vehicles due to numerous properties offered by them like high strength, resistance to abrasion and wear, more hardness, and others.
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Eminent Players Key Stratagems
Prominent high-speed steel manufacturers are Erasteel, Kennametal, Voestalpine AG, Graphite India Ltd., NACHI-FUJIKOSHI CORP., Tiangong International Co. Ltd., ThyssenKrupp AG, Sandvik AB, Hitachi Metals Ltd., and DAIDO STEEL, among others.
The market has various well-established market players and numerous strategies such as collaboration and long-term trade relations to remain competitive. New entrants are entering the market by leveraging the power of advancing technologies and price differentiation strategy.
Fact.MR has provided detailed information about the price points of key manufacturers of high-speed steel positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.
Segmentation of High-Speed Steel Industry Research
-
By Production Method :
- Conventional HSS
- Powder Metallurgy (PM) HSS
- Spray Forming (SF) HSS
-
By Grade :
- M Grade
- T Grade
- Advance Grade
-
By Application :
- Cutting Tools
- Drills
- Taps
- Milling Cutters
- Tools Bits
- Hobbing Cutters
- Saw Blades
- Router Bits
- Metal Cutting
- Milling
- Others
- Cutting Tools
-
By End-Use Industry :
- Automobiles
- Manufacturing
- Aerospace
- Mechanical Engineering
- Construction
- Others
-
By Region :
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- Middle East & Africa
Table of Content
- 1. Market - Executive Summary
- 2. Market Overview
- 3. Market Background and Foundation Data
- 4. Global Demand (Tons) Analysis and Forecast
- 5. Global Market - Pricing Analysis
- 6. Global Market Value (US$ million) Analysis and Forecast
- 7. Global Market Analysis and Forecast, By Production Method
- 7.1. Conventional
- 7.2. Powder Metallurgy (PM)
- 7.3. Spray Forming (SF)
- 8. Global Market Analysis and Forecast, By Grade
- 8.1. M Grade
- 8.2. T Grade
- 8.3. Advance Grade
- 9. Global Market Analysis and Forecast, By Application
- 9.1. Cutting Tools
- 9.1.1. Drills
- 9.1.2. Taps
- 9.1.3. Milling Cutters
- 9.1.4. Tools Bits
- 9.1.5. Hobbing Cutters
- 9.1.6. Saw Blades
- 9.1.7. Router Bits
- 9.2. Metal Cutting
- 9.3. Milling
- 9.4. Others
- 9.1. Cutting Tools
- 10. Global Market Analysis and Forecast, By End-Use Industry
- 10.1. Automobiles
- 10.2. Manufacturing
- 10.3. Aerospace
- 10.4. Mechanical Engineering
- 10.5. Construction
- 10.6. Others
- 11. Global Market Analysis and Forecast, By Region
- 11.1. North America
- 11.2. Latin America
- 11.3. Europe
- 11.4. East Asia
- 11.5. South Asia & Oceania
- 11.6. Middle East & Africa
- 12. North America Market Analysis and Forecast
- 13. Latin America Market Analysis and Forecast
- 14. Europe Market Analysis and Forecast
- 15. East Asia Market Analysis and Forecast
- 16. South Asia & Oceania Market Analysis and Forecast
- 17. Middle East & Africa Market Analysis and Forecast
- 18. Country-level Market Analysis and Forecast
- 19. Market Structure Analysis
- 20. Competition Analysis
- 20.1. Erasteel
- 20.2. Kennametal
- 20.3. Voestalpine AG
- 20.4. Graphite India Ltd.
- 20.5. NACHI-FUJIKOSHI CORP.
- 20.6. Tiangong International Co. Ltd
- 20.7. ThyssenKrupp AG
- 20.8. Sandvik AB
- 20.9. Hitachi Metals Ltd.
- 20.10. DAIDO STEEL
- 20.11. Other Prominent Market Players
- 21. Assumptions & Acronyms Used
- 22. Research Methodology
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List Of Table
Table 1: Global Market Value (US$ million), By Region, 2018 to 2022
Table 2: Global Market Value (US$ million) and Forecast By Region, 2023 to 2033
Table 3: Global Market Volume (Tons), By Region, 2018 to 2022
Table 4: Global Market Volume (Tons) and Forecast By Region, 2023 to 2033
Table 5: Global Market Value (US$ million), By Production Method, 2018 to 2022
Table 6: Global Market Value (US$ million) and Forecast By Production Method, 2023 to 2033
Table 7: Global Market Volume (Tons), By Production Method, 2018 to 2022
Table 8: Global Market Volume (Tons) and Forecast By Production Method, 2023 to 2033
Table 9: Global Market Value (US$ million), By Grade, 2018 to 2022
Table 10: Global Market Value (US$ million) and Forecast By Grade, 2023 to 2033
Table 11: Global Market Volume (Tons), By Grade, 2018 to 2022
Table 12: Global Market Volume (Tons) and Forecast By Grade, 2023 to 2033
Table 13: Global Market Value (US$ million), By Application, 2018 to 2022
Table 14: Global Market Value (US$ million) and Forecast By Application, 2023 to 2033
Table 15: Global Market Volume (Tons), By Application, 2018 to 2022
Table 16: Global Market Volume (Tons) and Forecast By Application, 2023 to 2033
Table 17: Global Market Value (US$ million), By End-Use Industry, 2018 to 2022
Table 18: Global Market Value (US$ million) and Forecast By End-Use Industry, 2023 to 2033
Table 19: Global Market Volume (Tons), By End-Use Industry, 2018 to 2022
Table 20: Global Market Volume (Tons) and Forecast By End-Use Industry, 2023 to 2033
Table 21: North America Market Value (US$ million), By Country, 2018 to 2022
Table 22: North America Market Value (US$ million) and Forecast By Country, 2023 to 2033
Table 23: North America Market Volume (Tons), By Country, 2018 to 2022
Table 24: North America Market Volume (Tons) and Forecast By Country, 2023 to 2033
Table 25: North America Market Value (US$ million), By Production Method, 2018 to 2022
Table 26: North America Market Value (US$ million) and Forecast By Production Method, 2023 to 2033
Table 27: North America Market Volume (Tons), By Production Method, 2018 to 2022
Table 28: North America Market Volume (Tons) and Forecast By Production Method, 2023 to 2033
Table 29: North America Market Value (US$ million), By Grade, 2018 to 2022
Table 30: North America Market Value (US$ million) and Forecast By Grade, 2023 to 2033
Table 31: North America Market Volume (Tons), By Grade, 2018 to 2022
Table 32: North America Market Volume (Tons) and Forecast By Grade, 2023 to 2033
Table 33: North America Market Value (US$ million), By Application, 2018 to 2022
Table 34: North America Market Value (US$ million) and Forecast By Application, 2023 to 2033
Table 35: North America Market Volume (Tons), By Application, 2018 to 2022
Table 36: North America Market Volume (Tons) and Forecast By Application, 2023 to 2033
Table 37: North America Market Value (US$ million), By End-Use Industry, 2018 to 2022
Table 38: North America Market Value (US$ million) and Forecast By End-Use Industry, 2023 to 2033
Table 39: North America Market Volume (Tons), By End-Use Industry, 2018 to 2022
Table 40: North America Market Volume (Tons) and Forecast By End-Use Industry, 2023 to 2033
Table 41: Latin America Market Value (US$ million), By Country, 2018 to 2022
Table 42: Latin America Market Value (US$ million) and Forecast By Country, 2023 to 2033
Table 43: Latin America Market Volume (Tons), By Country, 2018 to 2022
Table 44: Latin America Market Volume (Tons) and Forecast By Country, 2023 to 2033
Table 45: Latin America Market Value (US$ million), By Production Method, 2018 to 2022
Table 46: Latin America Market Value (US$ million) and Forecast By Production Method, 2023 to 2033
Table 47: Latin America Market Volume (Tons), By Production Method, 2018 to 2022
Table 48: Latin America Market Volume (Tons) and Forecast By Production Method, 2023 to 2033
Table 49: Latin America Market Value (US$ million), By Grade, 2018 to 2022
Table 50: Latin America Market Value (US$ million) and Forecast By Grade, 2023 to 2033
Table 51: Latin America Market Volume (Tons), By Grade, 2018 to 2022
Table 52: Latin America Market Volume (Tons) and Forecast By Grade, 2023 to 2033
Table 53: Latin America Market Value (US$ million), By Application, 2018 to 2022
Table 54: Latin America Market Value (US$ million) and Forecast By Application, 2023 to 2033
Table 55: Latin America Market Volume (Tons), By Application, 2018 to 2022
Table 56: Latin America Market Volume (Tons) and Forecast By Application, 2023 to 2033
Table 57: Latin America Market Value (US$ million), By End-Use Industry, 2018 to 2022
Table 58: Latin America Market Value (US$ million) and Forecast By End-Use Industry, 2023 to 2033
Table 59: Latin America Market Volume (Tons), By End-Use Industry, 2018 to 2022
Table 60: Latin America Market Volume (Tons) and Forecast By End-Use Industry, 2023 to 2033
Table 61: Europe Market Value (US$ million), By Country, 2018 to 2022
Table 62: Europe Market Value (US$ million) and Forecast By Country, 2023 to 2033
Table 63: Europe Market Volume (Tons), By Country, 2018 to 2022
Table 64: Europe Market Volume (Tons) and Forecast By Country, 2023 to 2033
Table 65: Europe Market Value (US$ million), By Production Method, 2018 to 2022
Table 66: Europe Market Value (US$ million) and Forecast By Production Method, 2023 to 2033
Table 67: Europe Market Volume (Tons), By Production Method, 2018 to 2022
Table 68: Europe Market Volume (Tons) and Forecast By Production Method, 2023 to 2033
Table 69: Europe Market Value (US$ million), By Grade, 2018 to 2022
Table 70: Europe Market Value (US$ million) and Forecast By Grade, 2023 to 2033
Table 71: Europe Market Volume (Tons), By Grade, 2018 to 2022
Table 72: Europe Market Volume (Tons) and Forecast By Grade, 2023 to 2033
Table 73: Europe Market Value (US$ million), By Application, 2018 to 2022
Table 74: Europe Market Value (US$ million) and Forecast By Application, 2023 to 2033
Table 75: Europe Market Volume (Tons), By Application, 2018 to 2022
Table 76: Europe Market Volume (Tons) and Forecast By Application, 2023 to 2033
Table 77: Europe Market Value (US$ million), By End-Use Industry, 2018 to 2022
Table 78: Europe Market Value (US$ million) and Forecast By End-Use Industry, 2023 to 2033
Table 79: Europe Market Volume (Tons), By End-Use Industry, 2018 to 2022
Table 80: Europe Market Volume (Tons) and Forecast By End-Use Industry, 2023 to 2033
Table 81: East Asia Market Value (US$ million), By Country, 2018 to 2022
Table 82: East Asia Market Value (US$ million) and Forecast By Country, 2023 to 2033
Table 83: East Asia Market Volume (Tons), By Country, 2018 to 2022
Table 84: East Asia Market Volume (Tons) and Forecast By Country, 2023 to 2033
Table 85: East Asia Market Value (US$ million), By Production Method, 2018 to 2022
Table 86: East Asia Market Value (US$ million) and Forecast By Production Method, 2023 to 2033
Table 87: East Asia Market Volume (Tons), By Production Method, 2018 to 2022
Table 88: East Asia Market Volume (Tons) and Forecast By Production Method, 2023 to 2033
Table 89: East Asia Market Value (US$ million), By Grade, 2018 to 2022
Table 90: East Asia Market Value (US$ million) and Forecast By Grade, 2023 to 2033
Table 91: East Asia Market Volume (Tons), By Grade, 2018 to 2022
Table 92: East Asia Market Volume (Tons) and Forecast By Grade, 2023 to 2033
Table 93: East Asia Market Value (US$ million), By Application, 2018 to 2022
Table 94: East Asia Market Value (US$ million) and Forecast By Application, 2023 to 2033
Table 95: East Asia Market Volume (Tons), By Application, 2018 to 2022
Table 96: East Asia Market Volume (Tons) and Forecast By Application, 2023 to 2033
Table 97: East Asia Market Value (US$ million), By End-Use Industry, 2018 to 2022
Table 98: East Asia Market Value (US$ million) and Forecast By End-Use Industry, 2023 to 2033
Table 99: East Asia Market Volume (Tons), By End-Use Industry, 2018 to 2022
Table 100: East Asia Market Volume (Tons) and Forecast By End-Use Industry, 2023 to 2033
Table 101: South Asia & Oceania Market Value (US$ million), By Country, 2018 to 2022
Table 102: South Asia & Oceania Market Value (US$ million) and Forecast By Country, 2023 to 2033
Table 103: South Asia & Oceania Market Volume (Tons), By Country, 2018 to 2022
Table 104: South Asia & Oceania Market Volume (Tons) and Forecast By Country, 2023 to 2033
Table 105: South Asia & Oceania Market Value (US$ million), By Production Method, 2018 to 2022
Table 106: South Asia & Oceania Market Value (US$ million) and Forecast By Production Method, 2023 to 2033
Table 107: South Asia & Oceania Market Volume (Tons), By Production Method, 2018 to 2022
Table 108: South Asia & Oceania Market Volume (Tons) and Forecast By Production Method, 2023 to 2033
Table 109: South Asia & Oceania Market Value (US$ million), By Grade, 2018 to 2022
Table 110: South Asia & Oceania Market Value (US$ million) and Forecast By Grade, 2023 to 2033
Table 111: South Asia & Oceania Market Volume (Tons), By Grade, 2018 to 2022
Table 112: South Asia & Oceania Market Volume (Tons) and Forecast By Grade, 2023 to 2033
Table 113: South Asia & Oceania Market Value (US$ million), By Application, 2018 to 2022
Table 114: South Asia & Oceania Market Value (US$ million) and Forecast By Application, 2023 to 2033
Table 115: South Asia & Oceania Market Volume (Tons), By Application, 2018 to 2022
Table 116: South Asia & Oceania Market Volume (Tons) and Forecast By Application, 2023 to 2033
Table 117: South Asia & Oceania Market Value (US$ million), By End-Use Industry, 2018 to 2022
Table 118: South Asia & Oceania Market Value (US$ million) and Forecast By End-Use Industry, 2023 to 2033
Table 119: South Asia & Oceania Market Volume (Tons), By End-Use Industry, 2018 to 2022
Table 120: South Asia & Oceania Market Volume (Tons) and Forecast By End-Use Industry, 2023 to 2033
Table 121: MEA Market Value (US$ million), By Country, 2018 to 2022
Table 122: MEA Market Value (US$ million) and Forecast By Country, 2023 to 2033
Table 123: MEA Market Volume (Tons), By Country, 2018 to 2022
Table 124: MEA Market Volume (Tons) and Forecast By Country, 2023 to 2033
Table 125: MEA Market Value (US$ million), By Production Method, 2018 to 2022
Table 126: MEA Market Value (US$ million) and Forecast By Production Method, 2023 to 2033
Table 127: MEA Market Volume (Tons), By Production Method, 2018 to 2022
Table 128: MEA Market Volume (Tons) and Forecast By Production Method, 2023 to 2033
Table 129: MEA Market Value (US$ million), By Grade, 2018 to 2022
Table 130: MEA Market Value (US$ million) and Forecast By Grade, 2023 to 2033
Table 131: MEA Market Volume (Tons), By Grade, 2018 to 2022
Table 132: MEA Market Volume (Tons) and Forecast By Grade, 2023 to 2033
Table 133: MEA Market Value (US$ million), By Application, 2018 to 2022
Table 134: MEA Market Value (US$ million) and Forecast By Application, 2023 to 2033
Table 135: MEA Market Volume (Tons), By Application, 2018 to 2022
Table 136: MEA Market Volume (Tons) and Forecast By Application, 2023 to 2033
Table 137: MEA Market Value (US$ million), By End-Use Industry, 2018 to 2022
Table 138: MEA Market Value (US$ million) and Forecast By End-Use Industry, 2023 to 2033
Table 139: MEA Market Volume (Tons), By End-Use Industry, 2018 to 2022
Table 140: MEA Market Volume (Tons) and Forecast By End-Use Industry, 2023 to 2033
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List Of Figures
Figure 1: Global Market Value (US$ million) and Volume (Tons) Forecast, 2023 to 2033
Figure 2: Global Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 3: Global Market Value (US$ million) and Volume (Tons) By Region, 2023 & 2033
Figure 4: Global Market Y-o-Y Growth Rate By Region, 2023 to 2033
Figure 5: Global Market Value (US$ million) and Volume (Tons) By Production Method, 2023 & 2033
Figure 6: Global Market Y-o-Y Growth Rate By Production Method, 2023 to 2033
Figure 7: Global Market Value (US$ million) and Volume (Tons) By Grade, 2023 & 2033
Figure 8: Global Market Y-o-Y Growth Rate By Grade, 2023 to 2033
Figure 9: Global Market Value (US$ million) and Volume (Tons) By Application, 2023 & 2033
Figure 10: Global Market Y-o-Y Growth Rate By Application, 2023 to 2033
Figure 11: Global Market Value (US$ million) and Volume (Tons) By End-Use Industry, 2023 & 2033
Figure 12: Global Market Y-o-Y Growth Rate By End-Use Industry, 2023 to 2033
Figure 13: North America Market Value (US$ million) and Volume (Tons) Forecast, 2023 to 2033
Figure 14: North America Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 15: North America Market Value (US$ million) and Volume (Tons) By Country, 2023 & 2033
Figure 16: North America Market Y-o-Y Growth Rate By Country, 2023 to 2033
Figure 17: North America Market Value (US$ million) and Volume (Tons) By Production Method, 2023 & 2033
Figure 18: North America Market Y-o-Y Growth Rate By Production Method, 2023 to 2033
Figure 19: North America Market Value (US$ million) and Volume (Tons) By Grade, 2023 & 2033
Figure 20: North America Market Y-o-Y Growth Rate By Grade, 2023 to 2033
Figure 21: North America Market Value (US$ million) and Volume (Tons) By Application, 2023 & 2033
Figure 22: North America Market Y-o-Y Growth Rate By Application, 2023 to 2033
Figure 23: North America Market Value (US$ million) and Volume (Tons) By End-Use Industry, 2023 & 2033
Figure 24: North America Market Y-o-Y Growth Rate By End-Use Industry, 2023 to 2033
Figure 25: North America Market Attractiveness Analysis By Country, 2023 to 2033
Figure 26: North America Market Attractiveness Analysis By Production Method, 2023 to 2033
Figure 27: North America Market Attractiveness Analysis By Grade, 2023 to 2033
Figure 28: North America Market Attractiveness Analysis By Application, 2023 to 2033
Figure 29: North America Market Attractiveness Analysis By End-Use Industry, 2023 to 2033
Figure 30: Latin America Market Value (US$ million) and Volume (Tons) Forecast, 2023 to 2033
Figure 31: Latin America Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 32: Latin America Market Value (US$ million) and Volume (Tons) By Country, 2023 & 2033
Figure 33: Latin America Market Y-o-Y Growth Rate By Country, 2023 to 2033
Figure 34: Latin America Market Value (US$ million) and Volume (Tons) By Production Method, 2023 & 2033
Figure 35: Latin America Market Y-o-Y Growth Rate By Production Method, 2023 to 2033
Figure 36: Latin America Market Value (US$ million) and Volume (Tons) By Grade, 2023 & 2033
Figure 37: Latin America Market Y-o-Y Growth Rate By Grade, 2023 to 2033
Figure 38: Latin America Market Value (US$ million) and Volume (Tons) By Application, 2023 & 2033
Figure 39: Latin America Market Y-o-Y Growth Rate By Application, 2023 to 2033
Figure 40: Latin America Market Value (US$ million) and Volume (Tons) By End-Use Industry, 2023 & 2033
Figure 41: Latin America Market Y-o-Y Growth Rate By End-Use Industry, 2023 to 2033
Figure 42: Latin America Market Attractiveness Analysis By Country, 2023 to 2033
Figure 43: Latin America Market Attractiveness Analysis By Production Method, 2023 to 2033
Figure 44: Latin America Market Attractiveness Analysis By Grade, 2023 to 2033
Figure 45: Latin America Market Attractiveness Analysis By Application, 2023 to 2033
Figure 46: Latin America Market Attractiveness Analysis By End-Use Industry, 2023 to 2033
Figure 47: Europe Market Value (US$ million) and Volume (Tons) Forecast, 2023 to 2033
Figure 48: Europe Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 49: Europe Market Value (US$ million) and Volume (Tons) By Country, 2023 & 2033
Figure 50: Europe Market Y-o-Y Growth Rate By Country, 2023 to 2033
Figure 51: Europe Market Value (US$ million) and Volume (Tons) By Production Method, 2023 & 2033
Figure 52: Europe Market Y-o-Y Growth Rate By Production Method, 2023 to 2033
Figure 53: Europe Market Value (US$ million) and Volume (Tons) By Grade, 2023 & 2033
Figure 54: Europe Market Y-o-Y Growth Rate By Grade, 2023 to 2033
Figure 55: Europe Market Value (US$ million) and Volume (Tons) By Application, 2023 & 2033
Figure 56: Europe Market Y-o-Y Growth Rate By Application, 2023 to 2033
Figure 57: Europe Market Value (US$ million) and Volume (Tons) By End-Use Industry, 2023 & 2033
Figure 58: Europe Market Y-o-Y Growth Rate By End-Use Industry, 2023 to 2033
Figure 59: Europe Market Attractiveness Analysis By Country, 2023 to 2033
Figure 60: Europe Market Attractiveness Analysis By Production Method, 2023 to 2033
Figure 61: Europe Market Attractiveness Analysis By Grade, 2023 to 2033
Figure 62: Europe Market Attractiveness Analysis By Application, 2023 to 2033
Figure 63: Europe Market Attractiveness Analysis By End-Use Industry, 2023 to 2033
Figure 64: East Asia Market Value (US$ million) and Volume (Tons) Forecast, 2023 to 2033
Figure 65: East Asia Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 66: East Asia Market Value (US$ million) and Volume (Tons) By Country, 2023 & 2033
Figure 67: East Asia Market Y-o-Y Growth Rate By Country, 2023 to 2033
Figure 68: East Asia Market Value (US$ million) and Volume (Tons) By Production Method, 2023 & 2033
Figure 69: East Asia Market Y-o-Y Growth Rate By Production Method, 2023 to 2033
Figure 70: East Asia Market Value (US$ million) and Volume (Tons) By Grade, 2023 & 2033
Figure 71: East Asia Market Value (US$ million) and Volume (Tons) By Application, 2023 & 2033
Figure 72: East Asia Market Y-o-Y Growth Rate By Application, 2023 to 2033
Figure 73: Europe Market Value (US$ million) and Volume (Tons) By End-Use Industry, 2023 & 2033
Figure 74: Europe Market Y-o-Y Growth Rate By End-Use Industry, 2023 to 2033
Figure 75: East Asia Market Attractiveness Analysis By Country, 2023 to 2033
Figure 76: East Asia Market Attractiveness Analysis By Production Method, 2023 to 2033
Figure 77: East Asia Market Attractiveness Analysis By Grade, 2023 to 2033
Figure 78: East Asia Market Attractiveness Analysis By Application, 2023 to 2033
Figure 79: East Asia Market Attractiveness Analysis By End-Use Industry, 2023 to 2033
Figure 80: South Asia & Oceania Market Value (US$ million) and Volume (Tons) Forecast, 2023 to 2033
Figure 81: South Asia & Oceania Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 82: South Asia & Oceania Market Value (US$ million) and Volume (Tons) By Country, 2023 & 2033
Figure 83: South Asia & Oceania Market Y-o-Y Growth Rate By Country, 2023 to 2033
Figure 84: South Asia & Oceania Market Value (US$ million) and Volume (Tons) By Production Method, 2023 & 2033
Figure 85: South Asia & Oceania Market Y-o-Y Growth Rate By Production Method, 2023 to 2033
Figure 86: South Asia & Oceania Market Value (US$ million) and Volume (Tons) By Grade, 2023 & 2033
Figure 87: South Asia & Oceania Market Y-o-Y Growth Rate By Grade, 2023 to 2033
Figure 88: South Asia & Oceania Market Value (US$ million) and Volume (Tons) By Application, 2023 & 2033
Figure 89: South Asia & Oceania Market Y-o-Y Growth Rate By Application, 2023 to 2033
Figure 90: South Asia & Oceania Market Value (US$ million) and Volume (Tons) By End-Use Industry, 2023 & 2033
Figure 91: South Asia & Oceania Market Y-o-Y Growth Rate By End-Use Industry, 2023 to 2033
Figure 92: South Asia & Oceania Market Attractiveness Analysis By Country, 2023 to 2033
Figure 93: South Asia & Oceania Market Attractiveness Analysis By Production Method, 2023 to 2033
Figure 94: South Asia & Oceania Market Attractiveness Analysis By Grade, 2023 to 2033
Figure 95: South Asia & Oceania Market Attractiveness Analysis By Application, 2023 to 2033
Figure 96: South Asia & Oceania Market Attractiveness Analysis By End-Use Industry, 2023 to 2033
Figure 97: MEA Market Value (US$ million) and Volume (Tons) Forecast, 2023 to 2033
Figure 98: MEA Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 99: MEA Market Value (US$ million) and Volume (Tons) By Country, 2023 & 2033
Figure 100: MEA Market Y-o-Y Growth Rate By Country, 2023 to 2033
Figure 101: MEA Market Value (US$ million) and Volume (Tons) By Production Method, 2023 & 2033
Figure 102: MEA Market Y-o-Y Growth Rate By Production Method, 2023 to 2033
Figure 103: MEA Market Value (US$ million) and Volume (Tons) By Grade, 2023 & 2033
Figure 104: MEA Market Y-o-Y Growth Rate By Grade, 2023 to 2033
Figure 105: MEA Market Value (US$ million) and Volume (Tons) By Application, 2023 & 2033
Figure 106: MEA Market Y-o-Y Growth Rate By Application, 2023 to 2033
Figure 107: MEA Market Value (US$ million) and Volume (Tons) By End-Use Industry, 2023 & 2033
Figure 108: MEA Market Y-o-Y Growth Rate By End-Use Industry, 2023 to 2033
Figure 109: MEA Market Attractiveness Analysis By Country, 2023 to 2033
Figure 110: MEA Market Attractiveness Analysis By Production Method, 2023 to 2033
Figure 111: MEA Market Attractiveness Analysis By Application, 2023 to 2033
Figure 112: MEA Market Attractiveness Analysis By End-Use Industry, 2023 to 2033
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- FAQs -
What is the Global High-Speed Steel Market Size in 2023?
The global high-speed steel market is estimated to be valued at US$ 2.7 billion in 2023.
What is the Projected CAGR for the High-Speed Steel Market from 2023 to 2033?
The high-speed steel market is projected to expand at a CAGR of 6.7% during the forecast period 2023 to 2033.
Which Regional High-Speed Steel Market accounts for a Leading Market Share?
North America in the global high-speed steel market is anticipated to account for 23.9% market share in 2023.
What are the Regions considered in the High-Speed Steel Market?
Regions include North America, Latin America, Europe, the Middle East & Africa, East Asia, South Asia, and Oceania are prominent regions considered in the high-speed steel market.
What was the Global High-Speed Steel Market Size in 2022?
The global high-speed steel market is valued at US$ 2.6 billion in 2022.
High Speed Steel Market