Global Tool Steel Market Development and Forecast to 2024 - PowerPoint PPT Presentation

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Global Tool Steel Market Development and Forecast to 2024

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Title: Global Tool Steel Market Development and Forecast to 2024


1
Tool steel Market Growth, Application Analysis
from 2018 to 2024
2017 Global Market Insights, Inc. USA. All
Rights Reserved
www.gminsights.com
2
Global Market Scenario of Tool Steel Market
  • Tool Steel Market size is set to surpass USD 6.5
    billion by 2024 according to a new research
    report by Global Market Insights, Inc.
  • Growing demand for cutting instruments from
    various industries such as power generation, food
    packaging, aviation and automotive sectors
    should accelerate tool steel market growth.
  • This product finds extensive use in the
    manufacture of gear cutters, tool bits, planers,
    saw blades, punches, router bits, drills and
    taps. It provides numerous advantages including
    high thermal conductivity, wear resistance,
    cheaper machinability and allows better polishing
    making it suitable for cutting instrument
    manufacture and stimulating tool steel industry
    growth.
  • In 2017, chromium tool steel market size exceeded
    USD 1.3 billion. It imparts various beneficial
    properties such as oxidation, corrosion and heat
    resistance.
  • This product is economical as compared to
    molybdenum tungsten grade items and find wide
    use in several aircraft components such as
    catapult hooks, cable lugs, elevon hinges and
    airframe structures which is likely to further
    boost product demand.

2017 Global Market Insights, Inc. USA. All
Rights Reserved
www.gminsights.com
3
Continue-
  • Molybdenum tool steel market size may exhibit
    gains over 4 in the forecasted period. It
    improves products toughness, hardenability and
    wear resistance which prevents breaking or
    chipping on impact.
  • Also, the materials find extensive adoption in
    cold-work uses such as punches blanking dies,
    cutting tools which include milling cutters end
    mills and automobile cam-rings which should
    stimulate the market growth.

2017 Global Market Insights, Inc. USA. All
Rights Reserved
www.gminsights.com
4
U.S. Tool Steel Market Size, By Product class,
2017 2024, (Kilo Tons)
Request Sample Copy of This Research Report_at_
https//bit.ly/2CIZUr4
2017 Global Market Insights, Inc. USA. All
Rights Reserved
www.gminsights.com
5
360 Industry Analysis
  • U.S. hot-work tool steel market size should
    register gains of about 4.5 by 2024. Significant
    economic development in the country owing to
    growth in the oil gas industry has stimulated
    the demand for forging applications. These
    products allow operations at high temperatures,
    good toughness and ductility which makes them
    suitable for various forging processes such as
    extrusion, piercing, heading and die casting,
    which may industry growth.

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Rights Reserved
www.gminsights.com
6
  • Regional Analysis
  • Germany tool steel market size from injection
    molding applications may register gains of over
    3.5 up to 2024. The country is experiencing
    growing demand for molded products from the
    packaging sector on account of improved
    performance, cost savings, durability and
    strength imparted by plastics. They possess
    various advantages for plastic molding such as
    resistance to corrosion temperature, hardness
    and thermal stability which should stimulate
    market growth.
  • Competitive Analysis
  • Hitachi Metals, Ltd., Voestalpine, Sandvik, and
    Dongbei Special Steel Group Co., Ltd are the
    major manufacturers in the global tool steel
    market. Other manufacturers include BOHLER,
    Eramet SA, Baosteel Group, Buderus Edelstahl GmbH
    and Nachi-Fujikoshi. Several industry
    participants focus on attracting new customers by
    launching new products and on strategic
    acquisitions to expand product portfolio, thus
    attaining competitive advantage.

Make An Inquiry To Purchase This Report _at_
https//bit.ly/2R2ZnJp
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Rights Reserved
www.gminsights.com
7
Latest Research Report On Tool Steel Market_at_
https//bit.ly/2SyQAvE Request for sample of
this research report_at_ https//bit.ly/2CIZUr4
2017 Global Market Insights, Inc. USA. All
Rights Reserved
www.gminsights.com
8
Stay In Touch You can visit us at
www.gminsights.com
Thank You!
2017 Global Market Insights, Inc. USA. All
Rights Reserved
www.gminsights.com
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