Acknowledging the kind of traction gained by this market, recently published a study report asserts the global Hot-Work Die Steels Market size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of around 3.1% during the review period (2022 to 2027).
Hot-work die steels are usually working in the hot-forming of iron, nonferrous metals, and alloy derivatives at extremely high temperatures. Pressure die casting, drop forging, extrusion, tube and glass fabrication, and other industrial operations use these steels extensively. When tools and equipment manufactured of hot-work die steels come into contact with the material to be processed, they are exposed to high temperatures and variable thermic loads. High tempering resistance, robust thermal shock resistance, strong wear resistance, and high-temperature toughness are the main properties of hot-work die steels. Hot-work die steels of high quality are widely used throughout industries to achieve maximum operational productivity and efficiency. Hot-Work Die Steels technology is much mature now, and new enterprises can not surpass existing famous brands on reputation or design in the short term. So, the study group recommends the new entrants need to be considered carefully before enter into this field.
The market is driven by the growing automotive industry, rapid industrialization in developing economies, and increasing demand for hot-work die steels from the die & mold industry. Hot-work die steels are a class of heat-resistant alloys that are widely used in the hot-working operations of several industries, such as metalforming, plastics processing, and glassmaking. These steels can maintain their high strength and hardness at temperatures exceeding 1000°F (538°C). The ability of hot-work die steels to resist thermal fatigue cracking makes them suitable for manufacturing dies and molds for mass production. The automotive industry is one of the major consumers of hot-work die steels. The industry uses these steels for various applications, such as engine blocks and exhaust manifolds. The rising demand for vehicles equipped with advanced features, such as turbochargers and diesel particulate filters, is expected to fuel the growth of the hot-work die steel market. Moreover, the increasing production of electric vehicles is anticipated to create new opportunities for market players in the coming years.
The report aspects discussed the profile of the top manufacturers of the global Hot-Work Die Steels Market. These aspects include financial status of major companies, trending advancements and entire market scenario. Growth of the report have examined Hot-Work Die Steels Market production, demand and growth potential, geographic analysis, as well as current market developments invarious regions and countries.
April 12, 2022: Daido Steel introduces hot die steel-based powders for Additive Manufacturing--
Speciality steel manufacturer Daido Steel, headquartered in Nagoya, Japan, has released hot die steel-based powders for Additive Manufacturing. DAP™-AM HTC™ (Daido Alloy Powder for Additive Manufacturing with High Thermal Conductivity) is a cobalt-free powder suitable for Laser Beam Powder Bed Fusion (PBF-LB) Additive Manufacturing, based on H13 steel.
Hot-Work Die Steels Market is segmented based on the type, applications, companies and regions.
By Type, Hot-Work Die Steels Market has been segmented into
By Application, Hot-Work Die Steels Market has been segmented into
The report offers in-depth assessment of the growth and other aspects of the Hot-Work Die Steels Market in important regions, including the U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, Taiwan, Southeast Asia, Mexico, and Brazil, etc. Key regions covered in the report are North America, Europe, Asia-Pacific and Latin America.
Europe has the largest global export quantity and manufacturers in Hot-Work Die Steels market, while the Japan is the second sales volume market for Hot-Work Die Steels in 2016. In the industry, ASSAB GROUP profits most in 2016 and recent years, while Daido Steel and Hitachi Metals ranked 2 and 3. The market share of them is 8.01%, 7.37% and 7.14% in 2016. The gap of market share is keeping on enlarged due to different strategy. APAC is the second-largest market for hot-work die steels, accounting for more than 30% of the global demand. The region is expected to witness the highest growth over the forecast period. North America is the third-largest market for hot-work die steels, accounting for more than 20% of the global demand.
Report Attributes
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Report Details |
Forecast Period 2022 to 2027 CAGR |
CAGR of 3.1% during the review period (2022 to 2027). |
By Type |
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By Application |
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By Companies
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Voestalpine, Daido Steel, Hitachi Metals, Arcelor, Aubert & Duval, Kind & Co., Nachi, Schmiede Werke Grfiditz, Sanyo Special Steel, Nippon Koshuha Steel, Kalyani Carpenter, Baosteel, East Tool & Die, Fushun Special Steel AG, Ellwood Specialty Metals, Crucible Industries, Finkl Steel and others. |
Regions Covered
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Countries Covered |
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Base Year
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2022 |
Historical Year
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2017 to 2021 |
Forecast Year
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2022 to 2027 |
Customization Available
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Yes, the report can be customized as per your needs |
All our reports are customizable to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report to your needs.
What is the study period of this market?
The Hot-Work Die Steels Market is studied from 2017 - 2027.
What is the growth rate of Hot-Work Die Steels Market?
The Hot-Work Die Steels Market is growing at a CAGR of 3.1% over the next 5 years.
Who are the key players in Hot-Work Die Steels Market?
Voestalpine, Daido Steel, Hitachi Metals, Arcelor, Aubert & Duval, Kind & Co., Nachi, Schmiede Werke Grfiditz, Sanyo Special Steel, Nippon Koshuha Steel, Kalyani Carpenter, Baosteel, East Tool & Die, Fushun Special Steel AG, Ellwood Specialty Metals, Crucible Industries, Finkl Steel and others.
What region does this Hot-Work Die Steels Market report covers?
North America (the United States, Canada, and Mexico) Europe (Germany, France, UK, Russia, and Italy) Asia-Pacific (China, Japan, Korea, India, and Southeast Asia) South America (Brazil, Argentina, Colombia, etc.) The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
What are the significant types of Hot-Work Die Steels Market?
Hammer Forging Die, Hot Extrusion Die, Die casting Die
What are the major end-use applications of Hot-Work Die Steels Market?
Construction Industry, Industrial Equipment, Others
Application_List
SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
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