Some of the key players profiled in the Tool Steel Market includeFushun Special Steel, TG, Schmolz + Bickenbach, Nachi-Fujikoshi, BaoSteel, Hudson Tool Steel, Voestalpine, ERAMET, Hitachi, Sandvik, Qilu Special Steel, and Universal Stainless.
Gaithersburg, Maryland, United States – January 8, 2020 /MarketersMedia/ —
Rising growth of the manufacturing sector and increasing investments in infrastructure projects in developed countries are the major factors driving the market growth. However, the growing use of carbide-based cutting tools for cutting hard material is restraining market growth.
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Tool steel refers to a variety of carbon and alloy steels that are particularly well-suited to be made into tools. Their suitability comes from their distinctive hardness, resistance to abrasion and deformation, and their ability to hold a cutting edge at elevated temperatures. As a result, tool steels are suited for use in the shaping of other materials.
Based on the end-user, the automotive segment is likely to have a huge demand due to the increasing expansion of the automotive industry, the introduction of new innovations and customized requirements of the automotive applications in the formation of tools and dies used for forming and working for plastic components.
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By geography, Asia Pacific is going to have a lucrative growth during the forecast period owing to increasing demand for residential as well as commercial buildings and rising investments across India, China and Japan.
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Materials Covered:
• Vanadium
• Tungsten
• Molybdenum
• Chromium
Processes Covered:
• Forged
• Rolled
Products Covered:
• Plastic Mold
• Hot Work
• High Speed
• Cold Work
• Carbon Tool Steel
• Alloy Tool Steel
• Shock-Resisting
• Water-Hardening
• Special Purpose
Applications Covered:
• Injection Molding
• Die Work
• Forging
End Users Covered:
• Electrical and Electronics
• Manufacturing
• Food and Packaging
• Automotive
• Defense and Aerospace
• Ship Building
• Machinery
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
– Market share assessments for the regional and country level segments
– Market share analysis of the top industry players
– Strategic recommendations for the new entrants
– Market forecasts for a minimum of 9 years of all the mentioned segments, sub-segments, and the regional markets
– Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
– Strategic recommendations in key business segments based on the market estimations
– Competitive landscaping mapping the key common trends
– Company profiling with detailed strategies, financials, and recent developments
– Supply chain trends mapping the latest technological advancements
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Source: MarketersMedia
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