Tool 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. Today, tool steel is widely used in various specific tool applications like dies, cutting, mold-making and hammers (personal or industrial).
Tool Steel can retain a cutting edge at very high temperatures which is why they are often used in the shaping of other materials through cutting, pressing, coining or extruding. Their resistance to abrasion lends to their use in the production of injection molds.
This report contains market size and forecasts of Tool Steel in global, including the following market information:
Global Tool Steel Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Tool Steel Market Sales, 2017-2022, 2023-2028, (K MT)
Global top five Tool Steel companies in 2021 (%)
The global Tool Steel market was valued at 7593.7 million in 2021 and is projected to reach US$ 11220 million by 2028, at a CAGR of 5.7% during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Carbon Tool Steel Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Tool Steel include Voestalpine, Tiangong International, Swiss Steel Group, SIJ Metal Ravne, Daido Steel, Sanyo Special Steel, Dongbei Special Steel, SeAH CSS and Hitachi, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Tool Steel manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Tool Steel Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (K MT)
Global Tool Steel Market Segment Percentages, by Type, 2021 (%)
Carbon Tool Steel
Alloy Tool Steel
High Speed Tool Steel
Global Tool Steel Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (K MT)
Global Tool Steel Market Segment Percentages, by Application, 2021 (%)
Automotive
Household Appliances
Telecommunications
Construction
Others
Global Tool Steel Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (K MT)
Global Tool Steel Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Tool Steel revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Tool Steel revenues share in global market, 2021 (%)
Key companies Tool Steel sales in global market, 2017-2022 (Estimated), (K MT)
Key companies Tool Steel sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Voestalpine
Tiangong International
Swiss Steel Group
SIJ Metal Ravne
Daido Steel
Sanyo Special Steel
Dongbei Special Steel
SeAH CSS
Hitachi
Pangang
Crucible Industries
Nippon Koshuha Steel
Baosteel
ArcelorMittal
Nachi-Fujikoshi
Qilu Special Steel