Published July 2023 | 110 pages, 23 tables, 11 figures | Download table of contents
Specialty Steels Market Outlook 2023-2033: High-Performance Materials Driving Growth in Automotive, Aerospace and Industrial Applications
Specialty steels refer to value-added steel grades designed for enhanced properties like strength, wear resistance, machinability, and corrosion resistance. Key product segments include tool steel, stainless steel, silicone steel, and electrical steel. Rising demand from automotive, oil & gas, power generation, and industrial machinery will drive growth.
Specialty Steel Types:
- Tool Steel
- Stainless Steel
- Alloy Steel
- Wear Resistant Steel
- High Strength Steel
This section analyzes the properties, processing, and applications for major specialty steel categories and advanced specialty steel materials under development.
Market Drivers:
- Demand for lightweight, high performance materials in automotive and aerospace
- Expansion of oil and gas exploration activities
- Industrial machinery innovation requiring specialized steels
- Growth in power generation infrastructure
Specialty Steel Market Outlook 2023-2033:
- Global and regional demand forecasts for specialty steels broken out by end user industry: automotive, machinery, oil and gas, mold tooling, etc.
- Pricing trends and competitive landscape analysis
- Assessment of how specialty steel innovations are enabling emerging applications
Leading Specialty Steel Companies:
Profiles of major players including capabilities, key financials, specialty steel offerings, production capacities, partnerships, and expansion plans. Companies profiled include Aperam, Baosteel, Nippon Steel, Tata Steel, ThyssenKrupp, Voestalpine, etc.
High-performance specialty steels will see continued strong growth in demand over the next decade, driven by trends in key end-use industries towards higher efficiency, durability and lightweighting.
The Global Market for Specialty Steel 2023-2033 includes 27 company profiles. Companies profiled include Aperam, Baosteel Group, JSW Steel, Nippon Steel Corp, Posco, Tata Steel, ThyssenKrupp Steel.
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1 RESEARCH METHODOLOGY
2 TERMS AND DEFINITIONS
3 INTRODUCTION
- 3.1 What is specialty steel? 12
- 3.1.1 Types 12
- 3.1.2 Properties 13
- 3.2 Advanced materials in specialty steel 15
- 3.2.1 High entropy alloys (HEA) 15
- 3.2.2 Metal matrix composites 16
- 3.2.3 Graphene 17
- 3.2.4 Nano-twinned grains 19
- 3.2.5 Maraging steel 20
- 3.2.6 Dual phase steel 21
- 3.2.7 TRIP steel 22
- 3.2.8 Nano-structured ceramic and carbon coatings 23
- 3.2.9 Companies developing advanced materials for specialty steel 24
- 3.3 Advantages and disadvantages 27
- 3.4 Markets and applications 29
4 THE GLOBAL MARKET
- 4.1 The global steel market 2022-2023 31
- 4.1.1 Steel prices 32
- 4.1.2 Specialty steel prices 34
- 4.2 Market map 37
- 4.3 SWOT analysis 39
- 4.4 Market trends and opportunities 40
- 4.5 Recent industry developments and innovation 42
- 4.6 Market growth drivers 44
- 4.6.1 Vehicle lightweighting 45
- 4.6.2 High strength materials in construction 45
- 4.6.3 Oil & gas industry projects and developments 46
- 4.6.4 Power infrastructure 47
- 4.6.5 Lightweighting in aerospace 47
- 4.6.6 Demand from manufacturing industries 48
- 4.6.7 Demand from consumer goods market 49
- 4.7 Market challenges 50
- 4.8 Market segmentation 52
- 4.8.1 Tool steel 52
- 4.8.2 Stainless steel 53
- 4.8.3 Electrical steel 54
- 4.8.4 Wear resistant steel 55
- 4.8.5 High strength steel 56
- 4.8.6 Silicone steel 57
- 4.8.7 Magnet alloys 58
- 4.9 End-use industries 58
- 4.9.1 Automotive 58
- 4.9.2 Machinery 60
- 4.9.3 Oil & gas 61
- 4.9.4 Aerospace 63
- 4.9.5 Power generation 64
- 4.9.6 Mold tooling 66
- 4.10 Global market revenues 2018-2033 68
- 4.10.1 Total market 2018-2033 68
- 4.10.2 By end-use industry 69
- 4.10.3 By region 70
- 4.10.3.1 North America 71
- 4.10.3.2 Europe 72
- 4.10.3.3 Asia Pacific 73
- 4.10.3.4 Middle East & Africa 74
- 4.10.3.5 South America 75
- 4.11 Competitive landscape 77
- 4.12 Future market outlook 79
5 COMPANY PROFILES (27 company profiles)
6 REFERENCES
List of Tables
- Table 1. Types of specialty steel. 12
- Table 2. Properties of specialty steels. 13
- Table 3. Companies developing advanced materials for specialty steel. 24
- Table 4. Advantages and disadvantages. 27
- Table 5. Markets and applications: specialty steels. 29
- Table 6. Recent industry developments and innovation in specialty steel. 42
- Table 7. Summary of market growth drivers for specialty steel. 49
- Table 8. Market challenges in specialty steel. 50
- Table 9. Applications of specialty steel in the automotive industry. 58
- Table 10. Applications of specialty steel in the machinery industry. 60
- Table 11. Applications of specialty steel in the oil & gas industry. 61
- Table 12. Applications of specialty steel in the aerospace industry. 63
- Table 13. Applications of specialty steel in the power generation industry. 64
- Table 14. Applications of specialty steel in the mold tooling industry. 66
- Table 15. Global market revenues for specialty steel, 2018-2033 (Billions USD). 68
- Table 16. Global market revenues for specialty steel, by end-use industry, 2018-2033 (Billions USD). 69
- Table 17. Global market revenues for specialty steel, by region, 2018-2033 (Billions USD). 70
- Table 18. Global market revenues for specialty steel, in North America, 2018-2033 (Billions USD). 71
- Table 19. Global market revenues for specialty steel, in Europe, 2018-2033 (Billions USD). 72
- Table 20. Global market revenues for specialty steel, in Asia-Pacific, 2018-2033 (Billions USD). 73
- Table 21. Global market revenues for specialty steel, in Middle East & Africa, 2018-2033 (Billions USD). 74
- Table 22. Global market revenues for specialty steel, in South America, 2018-2033 (Billions USD). 75
- Table 23. Key players in specialty steel. 77
List of Figures
- Figure 1. Global steel prices 2022-2023. 33
- Figure 2. Specialty steel market map. 37
- Figure 3. SWOT analysis: specialty steel. 40
- Figure 4. Global market revenues for specialty steel, 2018-2033 (Billions USD). 69
- Figure 5. Global market revenues for specialty steel, by end-use industry, 2018-2033 (Billions USD). 70
- Figure 6. Global market revenues for specialty steel, by region, 2018-2033 (Billions USD). 71
- Figure 7. Global market revenues for specialty steel, in North America, 2018-2033 (Billions USD). 72
- Figure 8. Global market revenues for specialty steel, in Europe, 2018-2033 (Billions USD). 73
- Figure 9. Global market revenues for specialty steel, in Asia-Pacific, 2018-2033 (Billions USD). 74
- Figure 10. Global market revenues for specialty steel, in Middle East and Africa, 2018-2033 (Billions USD). 75
- Figure 11. Global market revenues for specialty steel, in South America, 2018-2033 (Billions USD). 76
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To purchase by invoice (bank transfer) or in an alternative currency please contact info@futuremarketsinc.com or select Bank Transfer (Invoice) as a payment method at checkout.
