Special Steel Market & Detailed analysis of current Industry Figures with forecasts Growth 2031

The automotive segment held the highest share in 2021, accounting for nearly two-fifths of the global special steel market, and is projected to maintain its leadership status by 2031. Moreover, this segment is projected to witness the highest CAGR of 3.9% from 2022 to 2031. This is due to rise in demand for passenger and …

Special Steel Market: Expanding Application Areas to Drive the Global Market Growth

Asia-Pacific contributed to the highest market share in terms of revenue in 2021, accounting for more than half of the global special steel market, and is projected to continue its lead position by 2031. This is attributed to the presence of key players and huge consumer base, rise in demand from electric vehicle, building & …

Special Steel Market Demand and Growth Opportunities Detailed Analysis Report 2021-2031

Rise in infrastructural developments, replacement of existing railway gauges with modern gauges, the deployment of smart power grids, and increase in building & construction activities drive the growth of the global special steel market. Moreover, the development of electric vehicles and incentives to deploy them and charging infrastructure raises the demand for special steel in …

Special Steel Market to Thrive on its Increased Uptake Across Various End Use Sectors

The global special steel industry generated $195.4 billion in 2021, and is expected to reach $276.8 billion by 2031, witnessing a CAGR of 3.5% from 2022 to 2031. Drivers, Restraints, and Opportunities Rise in infrastructural developments, replacement of existing railway gauges with modern gauges, the deployment of smart power grids, and increase in building & …