The Business Research Company’s Tool Steel Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Tool Steel Global Market Report 2023 evaluates tool steel market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global tool steel market is expected to grow from $7,784.42 million in 2027 at a rate of 6.00 %. The market is then expected to grow at a CAGR of 6.81% from 2027 and reach $10,822.76 million in 2032.
Increasing investments in infrastructure projects are expected to drive the growth of the tool steel market during the forecast period. Increasing investments create more demand for the tool steel market. For example, in August 2022, according to Business Standard, an Indian-based English-language daily edition newspaper, China is pumping trillions of yuan into infrastructure investment, a stimulus that could benefit the world’s second-largest economy well beyond this year’s gloom of COVID-19 lockdowns and property market turmoil. Beijing is making 6.8 trillion yuan (about $1 trillion) of government funds available for construction projects. Additionally, according to the India Brand Equity Foundation, an India-based trust established by the Department of Commerce, Ministry of Commerce and Industry, Government of India, India will require investment worth INR 50 trillion ($777.73 billion) across infrastructure by 2022 for sustainable development in the country. Therefore, increasing investments in infrastructure projects are expected to propel the growth of the tool steel market.
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The tool steel market segments in the report are:
1) By Thermoforming Type: Vacuum Forming, Pressure Forming, Mechanical Forming
2) By Plastic Type: Polyethylene, Polypropylene, Polystyrene, Polyvinyl Chloride, Acrylonitrile Butadiene Styrene, Bio-Degradable Polymers, Other Plastic Types
3) By Application: Healthcare And Medical, Food Packaging, Electrical And Electronics, Automotive Packaging, Construction, Consumer Goods And Appliances, Other Applications
Major Competitors Are:
- Hitachi metal ltd
- Swiss Steel Group
- Voestalpine AG
- Eramet SA
- China Baowu Steel Group Corp
The table of contents in TBRC’s tool steel market report includes:
1. Executive Summary
2. Table Of Contents
3. List Of Figures
4. List Of Tables
5. Report Structure
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18. Competitive Landscape And Company Profiles
19. Key Mergers And Acquisitions
20. Opportunities And Strategies
21. Tool Steel Market, Conclusions And Recommendations
22. Appendix
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