High Speed Steels Market by Product Type, End-Use Industry & Region - Global Forecasts to 2021 - Research and Markets

The "High Speed Steels Market - Global Forecasts to 2021" report has been added to Research and Markets' offering.

The tool steel market is projected to grow from USD 2.1 billion in 2016 to USD 2.7 billion by 2021, at a CAGR of 5.3% between 2016 and 2021.

Increasing demand for machinery made of tool steels from various end-use industries, such as automotive, aerospace, and plastics, among others is expected to drive the demand for tool steels during the forecast period, thereby fueling the growth of the tool steel market during the forecast period. The major restraint for the tool steel market is the increasing use of carbide-based cutting tools in various end-use industries.

Among product types, the metal cutting tools segment of the tool steel market is projected to grow at the highest CAGR during the forecast period. The growth of the metal cutting tools segment of the market can be attributed to the fact that metal cutting tools made from tool steels ensure effective manufacturing of critical and complex components with ease and utmost accuracy.

On the basis of end-use industry, the tool steel market has been segmented into automotive industry, plastic industry, aerospace industry, energy sector, and others. The automotive end-use industry segment is projected to lead the tool steel market during the forecast period, 2016 to 2021 due to increasing demand for high-end industrial machinery and equipment from the automotive industry. Tool steels are widely used in the manufacturing of spare parts and components of railways and of passenger and commercial vehicles, owing to various properties offered by them, which include high strength, increased hardness, and high resistance to wearing and abrasion.

Companies Mentioned

  • Arcelormittal S.A.
  • Big Kaiser Precision Tooling Inc.
  • Carpenter
  • Crucible Industries LLC
  • Daido Steel Co., Ltd.
  • Dneprospetsstal
  • Erasteel
  • Feida Group
  • Friedr. Lohmann GmbH
  • Graphite India Limited
  • Guhring Inc.
  • Heye Special Steel Co., Ltd.
  • Hudson Tool Steel Corporation
  • Jiangsu Fuda Special Steel Co., Ltd
  • (10+ Others)

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Industry Trends

7 High Speed Steels Market, By Product Type

8 High Speed Steels Market, By End-Use Industry

9 Regional Analysis

10 Competitive Landscape

11 Company Profiles

For more information about this report visit https://www.researchandmarkets.com/research/g8k33g/high_speed_steel