The global special steel market size was US$ 195.4 billion in 2021. The global special steel market size is forecast to reach US$ 276.8 billion by 2030, growing at a compound annual growth rate (CAGR) of 3.5% during the forecast period from 2022 to 2030.
Specialty steel is a type of value-added steel that is created by putting completed steel through a series of procedures such as coating, plating, heat treatment, and others to make it more valuable. Apart from the vehicle industry, specialized capital goods, building & construction, and so on, it can employ in many applications such as military, space, and electricity. Compared to regular steel, special steel provides higher strength, superior physical and chemical qualities, recycling, high performance, and other benefits. Round bars, round-cornered squares in straight bars, wire rods, hot-rolled sheets, cold-rolled sheets, and other special steel products are available in a variety of profiles.
Factors Influencing Market Growth
Impact Analysis of COVID-19
The COVID-19 pandemic had a negative impact on the global special steel market growth. Due to the COVID-19 pandemic, a temporary ban on import and export and manufacturing and processing activities across various industries was imposed, reducing demand for special steel from consumers like automotive, building and construction, machinery and manufacturing, railways, and others. Furthermore, due to a lack of labor, a halt in renewable power plants, automobile manufacturing industries, consumer electronics manufacturing industries, and a rise in the demand-supply gap, the special steel market growth is hampered during the pandemic era.
Regional Insights
Asia Pacific region garnered the major special steel market share and is forecast to remain dominant during the forecast period. Rising production of the manufacturing sector of the Asia Pacific region to cater to the domestic needs for superior quality products and increasing exports from the region fuel the market growth in the region.
Leading Competitors
The leading prominent companies profiled in the global special steel market are:
Scope of the Report
The global special steel market segmentation focuses on Type, Application, and Region.
Segmentation based on Type
Segmentation based on Application
Segmentation based on Region
[TABLE OF CONTENTS]
1 INTRODUCTION OF GLOBAL SPECIAL STEEL MARKET
1.1 OVERVIEW OF THE MARKET
1.2 SCOPE OF REPORT
1.3 ASSUMPTIONS
2 EXECUTIVE SUMMARY
3 RESEARCH METHODOLOGY
3.1 DATA MINING
3.2 VALIDATION
3.3 PRIMARY INTERVIEWS
3.4 LIST OF DATA SOURCES
4 GLOBAL SPECIAL STEEL MARKET OUTLOOK
4.1 OVERVIEW
4.2 MARKET DYNAMICS
4.2.1 DRIVERS
4.2.2 RESTRAINTS
4.2.3 OPPORTUNITIES
4.3 PORTERS FIVE FORCE MODEL
4.4 VALUE CHAIN ANALYSIS
5 GLOBAL SPECIAL STEEL MARKET, BY TYPE
5.1 OVERVIEW
5.2 STAINLESS STEEL
5.3 STRUCTURAL STEEL
5.4 TOOL AND DIE STEEL
6 GLOBAL SPECIAL STEEL MARKET, BY APPLICATION
6.1 OVERVIEW
6.2 AUTOMOTIVE
6.3 MACHINERY AND MANUFACTURING
6.4 PETROCHEMICALS AND ENERGY
6.5 RAILWAYS
6.6 AEROSPACE AND DEFENSE
6.7 BUILDING AND CONSTRUCTION
6.8 OTHERS
7 GLOBAL SPECIAL STEEL MARKET, BY GEOGRAPHY
7.1 OVERVIEW
7.2 NORTH AMERICA
7.2.1 NORTH AMERICA MARKET SNAPSHOT
7.2.2 U.S.
7.2.3 CANADA
7.2.4 MEXICO
7.3 EUROPE
7.3.1 EUROPE MARKET SNAPSHOT
7.3.2 WESTERN EUROPE
7.3.2.1 THE UK
7.3.2.2 GERMANY
7.3.2.3 FRANCE
7.3.2.4 ITALY
7.3.2.5 SPAIN
7.3.2.6 REST OF WESTERN EUROPE
7.3.3 EASTERN EUROPE
7.3.3. 1 POLAND
7.3.3.2 RUSSIA
7.3.3.3 REST OF EASTERN EUROPE
7.4 ASIA PACIFIC
7.4.1 ASIA PACIFIC MARKET SNAPSHOT
7.4.2 CHINA
7.4.3 JAPAN
7.4.4 INDIA
7.4.5 AUSTRALIA & NEW ZEALAND
7.4.6 ASEAN
7.4.7 REST OF ASIA PACIFIC
7.5 MIDDLE EAST & AFRICA
7.5.1 MIDDLE EAST & AFRICA MARKET SNAPSHOT
7.5.2 UAE
7.5.3 SAUDI ARABIA
7.5.4 SOUTH AFRICA
7.5.5 REST OF MEA
7.6 SOUTH AMERICA
7.6.1 SOUTH AMERICA MARKET SNAPSHOT
7.6.2 BRAZIL
7.6.3 ARGENTINA
7.6.4 REST OF SOUTH AMERICA
8 GLOBAL SPECIAL STEEL MARKET COMPETITIVE LANDSCAPE
8.1 OVERVIEW
8.2 COMPANY MARKET RANKING
8.3 KEY DEVELOPMENT STRATEGIES
9 COMPANY PROFILES
9.1 DONGBEI SPECIAL STEEL GROUP
9.1.1 OVERVIEW
9.1.2 FINANCIAL PERFORMANCE
9.1.3 PRODUCT OUTLOOK
9.1.4 KEY DEVELOPMENTS
9.2 DAIDO STEEL CO. LIMITED
9.2.1 OVERVIEW
9.2.2 FINANCIAL PERFORMANCE
9.2.3 PRODUCT OUTLOOK
9.2.4 KEY DEVELOPMENTS
9.3 HYUNDAI STEEL CO., LIMITED
9.3.1 OVERVIEW
9.3.2 FINANCIAL PERFORMANCE
9.3.3 PRODUCT OUTLOOK
9.3.4 KEY DEVELOPMENTS
9.4 NIPPON STEEL CORPORATION
9.4.1 OVERVIEW
9.4.2 FINANCIAL PERFORMANCE
9.4.3 PRODUCT OUTLOOK
9.4.4 KEY DEVELOPMENTS
9.5 AICHI STEEL CORPORATION
9.5.1 OVERVIEW
9.5.2 FINANCIAL PERFORMANCE
9.5.3 PRODUCT OUTLOOK
9.5.4 KEY DEVELOPMENTS
9.6 CLEVELAND CLIFFS, INCORPORATED
9.6.1 OVERVIEW
9.6.2 FINANCIAL PERFORMANCE
9.6.3 PRODUCT OUTLOOK
9.6.4 KEY DEVELOPMENTS
9.7 JSW STEEL
9.7.1 OVERVIEW
9.7.2 FINANCIAL PERFORMANCE
9.7.3 PRODUCT OUTLOOK
9.7.4 KEY DEVELOPMENTS
9.8 BAOSTEEL GROUP
9.8.1 OVERVIEW
9.8.2 FINANCIAL PERFORMANCE
9.8.3 PRODUCT OUTLOOK
9.8.4 KEY DEVELOPMENTS
9.9 JIANGSU SHAGANG GROUP
9.9.1 OVERVIEW
9.9.2 FINANCIAL PERFORMANCE
9.9.3 PRODUCT OUTLOOK
9.9.4 KEY DEVELOPMENTS
9.10 ARCELORMITTAL
9.10.1 OVERVIEW
9.10.2 FINANCIAL PERFORMANCE
9.10.3 PRODUCT OUTLOOK
9.10.4 KEY DEVELOPMENTS
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