Global Tool Steel & Die Steel Market 2026 by Manufacturers, Regions, Type and Application, Forecast to 2032
Description
According to our (Global Info Research) latest study, the global Tool Steel & Die Steel market size was valued at US$ 8907 million in 2025 and is forecast to a readjusted size of US$ 11360 million by 2032 with a CAGR of 3.6% during review period.
In 2024, global tool steel and die steel production reached approximately 2.93 million tons.
Tool Steel refers to a variety of carbon and alloy steels that are particularly well-suited to be made into tools. Tool steels are notable for their hardness, resistance to abrasion and deformation. Today, tool steel is widely used in various specific tool applications like dies, cutting, mold-making and hammers (personal or industrial). Tool Steel can retain a cutting edge at very high temperatures which is why they are often used in the shaping of other materials through cutting, pressing, coining or extruding. Their resistance to abrasion lends to their use in the production of injection molds.
The global market for tool and die steel is driven by industrial advancements, particularly in manufacturing sectors like automotive, aerospace, and electronics. As these industries grow, the demand for high-performance steels continues to rise, as they are essential for producing components with high precision and long service lives. In recent years, there has been an increasing demand for tool and die steels with enhanced properties, such as improved corrosion resistance and better heat treatment capabilities. This trend is fueled by the continuous push for innovation and efficiency in manufacturing processes, where tool steels with superior performance characteristics can significantly reduce downtime and increase productivity. Additionally, the expansion of emerging markets in Asia, particularly China and India, has played a key role in boosting the global consumption of tool and die steels. The competitive landscape is also witnessing technological advancements in steel production, with manufacturers focusing on producing steels that offer a better balance between cost-effectiveness and performance.
This report is a detailed and comprehensive analysis for global Tool Steel & Die Steel market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.
Key Features:
Global Tool Steel & Die Steel market size and forecasts, in consumption value ($ Million), sales quantity (Kilotons), and average selling prices (US$/Ton), 2021-2032
Global Tool Steel & Die Steel market size and forecasts by region and country, in consumption value ($ Million), sales quantity (Kilotons), and average selling prices (US$/Ton), 2021-2032
Global Tool Steel & Die Steel market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (Kilotons), and average selling prices (US$/Ton), 2021-2032
Global Tool Steel & Die Steel market shares of main players, shipments in revenue ($ Million), sales quantity (Kilotons), and ASP (US$/Ton), 2021-2026
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Tool Steel & Die Steel
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Tool Steel & Die Steel market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Voestalpine, Swiss Steel Group, Tiangong International, Daido Steel, Sanyo Special Steel, Dongbei Special Steel, SIJ Metal Ravne, SeAH CSS, Proterial (Hitachi Metals), Pangang, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Market Segmentation
Tool Steel & Die Steel market is split by Type and by Application. For the period 2021-2032, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
Carbon Tool Steel & Die Steel
Alloy Tool Steel & Die Steel
High Speed Tool Steel & Die Steel
Market segment by Application
Automotive
Household Appliances
Telecommunications
Construction
Others
Major players covered
Voestalpine
Swiss Steel Group
Tiangong International
Daido Steel
Sanyo Special Steel
Dongbei Special Steel
SIJ Metal Ravne
SeAH CSS
Proterial (Hitachi Metals)
Pangang
Baosteel
ArcelorMittal
Nippon Koshuha Steel
Nachi-Fujikoshi
Qilu Special Steel
Market segment by region, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Tool Steel & Die Steel product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Tool Steel & Die Steel, with price, sales quantity, revenue, and global market share of Tool Steel & Die Steel from 2021 to 2026.
Chapter 3, the Tool Steel & Die Steel competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Tool Steel & Die Steel breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2021 to 2032.
Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2021 to 2032.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2021 to 2026.and Tool Steel & Die Steel market forecast, by regions, by Type, and by Application, with sales and revenue, from 2027 to 2032.
Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of Tool Steel & Die Steel.
Chapter 14 and 15, to describe Tool Steel & Die Steel sales channel, distributors, customers, research findings and conclusion.
In 2024, global tool steel and die steel production reached approximately 2.93 million tons.
Tool Steel refers to a variety of carbon and alloy steels that are particularly well-suited to be made into tools. Tool steels are notable for their hardness, resistance to abrasion and deformation. Today, tool steel is widely used in various specific tool applications like dies, cutting, mold-making and hammers (personal or industrial). Tool Steel can retain a cutting edge at very high temperatures which is why they are often used in the shaping of other materials through cutting, pressing, coining or extruding. Their resistance to abrasion lends to their use in the production of injection molds.
The global market for tool and die steel is driven by industrial advancements, particularly in manufacturing sectors like automotive, aerospace, and electronics. As these industries grow, the demand for high-performance steels continues to rise, as they are essential for producing components with high precision and long service lives. In recent years, there has been an increasing demand for tool and die steels with enhanced properties, such as improved corrosion resistance and better heat treatment capabilities. This trend is fueled by the continuous push for innovation and efficiency in manufacturing processes, where tool steels with superior performance characteristics can significantly reduce downtime and increase productivity. Additionally, the expansion of emerging markets in Asia, particularly China and India, has played a key role in boosting the global consumption of tool and die steels. The competitive landscape is also witnessing technological advancements in steel production, with manufacturers focusing on producing steels that offer a better balance between cost-effectiveness and performance.
This report is a detailed and comprehensive analysis for global Tool Steel & Die Steel market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.
Key Features:
Global Tool Steel & Die Steel market size and forecasts, in consumption value ($ Million), sales quantity (Kilotons), and average selling prices (US$/Ton), 2021-2032
Global Tool Steel & Die Steel market size and forecasts by region and country, in consumption value ($ Million), sales quantity (Kilotons), and average selling prices (US$/Ton), 2021-2032
Global Tool Steel & Die Steel market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (Kilotons), and average selling prices (US$/Ton), 2021-2032
Global Tool Steel & Die Steel market shares of main players, shipments in revenue ($ Million), sales quantity (Kilotons), and ASP (US$/Ton), 2021-2026
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Tool Steel & Die Steel
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Tool Steel & Die Steel market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Voestalpine, Swiss Steel Group, Tiangong International, Daido Steel, Sanyo Special Steel, Dongbei Special Steel, SIJ Metal Ravne, SeAH CSS, Proterial (Hitachi Metals), Pangang, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Market Segmentation
Tool Steel & Die Steel market is split by Type and by Application. For the period 2021-2032, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
Carbon Tool Steel & Die Steel
Alloy Tool Steel & Die Steel
High Speed Tool Steel & Die Steel
Market segment by Application
Automotive
Household Appliances
Telecommunications
Construction
Others
Major players covered
Voestalpine
Swiss Steel Group
Tiangong International
Daido Steel
Sanyo Special Steel
Dongbei Special Steel
SIJ Metal Ravne
SeAH CSS
Proterial (Hitachi Metals)
Pangang
Baosteel
ArcelorMittal
Nippon Koshuha Steel
Nachi-Fujikoshi
Qilu Special Steel
Market segment by region, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Tool Steel & Die Steel product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Tool Steel & Die Steel, with price, sales quantity, revenue, and global market share of Tool Steel & Die Steel from 2021 to 2026.
Chapter 3, the Tool Steel & Die Steel competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Tool Steel & Die Steel breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2021 to 2032.
Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2021 to 2032.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2021 to 2026.and Tool Steel & Die Steel market forecast, by regions, by Type, and by Application, with sales and revenue, from 2027 to 2032.
Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of Tool Steel & Die Steel.
Chapter 14 and 15, to describe Tool Steel & Die Steel sales channel, distributors, customers, research findings and conclusion.
Table of Contents
107 Pages
- 1 Market Overview
- 2 Manufacturers Profiles
- 3 Competitive Environment: Tool Steel & Die Steel by Manufacturer
- 4 Consumption Analysis by Region
- 5 Market Segment by Type
- 6 Market Segment by Application
- 7 North America
- 8 Europe
- 9 Asia-Pacific
- 10 South America
- 11 Middle East & Africa
- 12 Market Dynamics
- 13 Raw Material and Industry Chain
- 14 Shipments by Distribution Channel
- 15 Research Findings and Conclusion
- 16 Appendix
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