Global Maraging Steel Market: North America expected to have high demand for grades of steel

Press Release   •   Oct 13, 2016 17:16 EDT

The maraging steel is the iron alloy which has iron along with nickel, cobalt, molybdenum, titanium and aluminium. Maraging steel can also be defined as aged steel which is treated with heat and other techniques to cool slowly for strong materials. There is high scope for the Maraging Steel Market in various regions across the globe in the upcoming years.

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Scope and Regional Forecast of the Maraging Steel Market:

In the Maraging Steel Market, these steels are often opted due to the maraging steel properties and maraging steel mechanical properties which is usually attained due to maraging steel heat treatment process. The mix of alloys and procedure of production decides the maraging steel grades for use in industries.

Asia Pacific is expected to have huge potential in the Maraging Steel Market due to the size of the region, increasing investment by the companies and rise in industrialization and infrastructure activities in the next five years.

North America and Europe are expected to have healthy demand for the Maraging Steel Market. The US, Germany, France and Russia are the prominent countries for this market growth in these respective regions in future.

The Maraging Steel Market is a rapidly growing market with increasing demand for the maraging steel microstructure of different material grade for industrial and construction applications in various regions across the globe. This market is anticipated to witness high growth owing to the increasing demand for maraging stainless steel, increasing supply by the maraging steel suppliers for the global requirement of maragine trip steel across the globe in the upcoming years.

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Segmentation and Key Players of the Maraging Steel Market:

The Maraging Steel Market is segmented into various categories by product type, by application, region and by company as follows:

  • By product type: 18Ni (200), 18Ni (250) and others
  • By application: Construction industry, Industrial equipment and others
  • By region: Belgium, China, Germany, Japan, France, Russia, USA and others
  • By company: Eramet, Aubert & Dural, Indus steel, Schmiede werke Groditz GmbH, Daido Steel, Fukagawa, Nippon Koshuha steel, Sanyo Special Steel, Severstal, Hitachi Metals, Creusot, Schneider, KIND & Co, Era steel, Edelstahl werk, Tobata, Toyama Plant, Kuwana, Wakamatsu, Yasugi, ChangzhouZhengtai, ShanghaiRiqun, Arcelor Group, Tito and Yangang

The key players in the Maraging Steel Market are as follows:

  • Nippon Koshuha steel
  • Sanyo Special Steel
  • Hitachi Metals
  • Schmiede werke Groditz GmbH
  • Schneider

The maraging steel grades are different and depend on the alloy mixture and heat treatment. There is high demand for various types of alloys in industries in the upcoming years.

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