Hot-Work Die Steels are steels used in the fabrication of tools, dies and moulds used in high temperature working environments. This includes the hot forging, extrusion and die-casting processes which are commonly used in industrial processes. These steels have good thermal shock resistance and high resistance to thermal fatigue and softening. They are able to withstand wear and tear and allow very precise machining processes.
Hot-Work Die Steels are a key component in many manufacturing sectors such as automotive, aerospace and construction. Global production of Hot-Work Die Steels was estimated to be 11.3 million metric tons in 2020, with China producing the largest share. Major players in the global market are ThyssenKrupp AG, Hitachi Metals Ltd, Böhler Uddeholm AG, Geili Energy Ltd and others.
The global Hot-Work Die Steels market was valued at US$ 4986 million in 2022 and is anticipated to reach US$ 6147.3 million by 2029, witnessing a CAGR of 3.0% during the forecast period 2023-2029. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
A detailed market research report on Global Hot-Work Die Steels Market available at: https://www.themarketreports.com/report/global-hot-work-die-steels-market-research-report
This report aims to provide a comprehensive presentation of the global market for Hot-Work Die Steels, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Hot-Work Die Steels.
Global Hot-Work Die Steels key players include Voestalpine, Daido Steel, Hitachi Metals, Arcelor Group, Aubert & Duval, etc. Global top five manufacturers hold a share about 35%. Asia-Pacific is the largest market, with a share about 55%, followed by Europe and North America, total with a share about 40 percent. In terms of product, Hot Extrusion Die is the largest segment, with a share about 50%. And in terms of application, the largest application is Industrial Equipments, followed by Construction Industry, etc.
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