Global Pressure Vessel Steel Market Growth 2025-2031
Description
The global Pressure Vessel Steel market size is predicted to grow from US$ 60670 million in 2025 to US$ 77430 million in 2031; it is expected to grow at a CAGR of 4.1% from 2025 to 2031.
The impact of the latest U.S. tariff measures and the corresponding policy responses from countries worldwide on market competitiveness, regional economic performance, and supply chain configurations will be comprehensively evaluated in this report.
Pressure vessel steel is used to manufacture pressure vessels or other similar equipment for petroleum, chemical, petrochemical, gas separation and gas storage and transportation. It includes carbon steel, carbon manganese steel, microalloy steel, low-alloy high-strength steel and low temperature Use steel. The working temperature is generally between -20°C and 500°C, and some can reach 560°C.
United States market for Pressure Vessel Steel is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.
China market for Pressure Vessel Steel is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.
Europe market for Pressure Vessel Steel is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.
Global key Pressure Vessel Steel players cover JFE Steel, Aperam, Nippon Steel Corporation, ThyssenKrupp AG, POSCO, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2024.
LP Information, Inc. (LPI) ' newest research report, the “Pressure Vessel Steel Industry Forecast” looks at past sales and reviews total world Pressure Vessel Steel sales in 2024, providing a comprehensive analysis by region and market sector of projected Pressure Vessel Steel sales for 2025 through 2031. With Pressure Vessel Steel sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Pressure Vessel Steel industry.
This Insight Report provides a comprehensive analysis of the global Pressure Vessel Steel landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Pressure Vessel Steel portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Pressure Vessel Steel market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Pressure Vessel Steel and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Pressure Vessel Steel.
This report presents a comprehensive overview, market shares, and growth opportunities of Pressure Vessel Steel market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
Carbon Steel
Microalloyed Steel
Low-alloy High-strength Steel
Segmentation by Application:
Metallurgical
Chemical Industrial
Defense
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
JFE Steel
Aperam
Nippon Steel Corporation
ThyssenKrupp AG
POSCO
Hyundai Steel
Gerdau
United States Steel
SAIL
Baowu
HBIS Company
Jiangsu Shagang Group
Ansteel
Shandong iron & Steel Group
Key Questions Addressed in this Report
What is the 10-year outlook for the global Pressure Vessel Steel market?
What factors are driving Pressure Vessel Steel market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Pressure Vessel Steel market opportunities vary by end market size?
How does Pressure Vessel Steel break out by Type, by Application?
Please note: The report will take approximately 2 business days to prepare and deliver.
The impact of the latest U.S. tariff measures and the corresponding policy responses from countries worldwide on market competitiveness, regional economic performance, and supply chain configurations will be comprehensively evaluated in this report.
Pressure vessel steel is used to manufacture pressure vessels or other similar equipment for petroleum, chemical, petrochemical, gas separation and gas storage and transportation. It includes carbon steel, carbon manganese steel, microalloy steel, low-alloy high-strength steel and low temperature Use steel. The working temperature is generally between -20°C and 500°C, and some can reach 560°C.
United States market for Pressure Vessel Steel is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.
China market for Pressure Vessel Steel is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.
Europe market for Pressure Vessel Steel is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.
Global key Pressure Vessel Steel players cover JFE Steel, Aperam, Nippon Steel Corporation, ThyssenKrupp AG, POSCO, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2024.
LP Information, Inc. (LPI) ' newest research report, the “Pressure Vessel Steel Industry Forecast” looks at past sales and reviews total world Pressure Vessel Steel sales in 2024, providing a comprehensive analysis by region and market sector of projected Pressure Vessel Steel sales for 2025 through 2031. With Pressure Vessel Steel sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Pressure Vessel Steel industry.
This Insight Report provides a comprehensive analysis of the global Pressure Vessel Steel landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Pressure Vessel Steel portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Pressure Vessel Steel market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Pressure Vessel Steel and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Pressure Vessel Steel.
This report presents a comprehensive overview, market shares, and growth opportunities of Pressure Vessel Steel market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
Carbon Steel
Microalloyed Steel
Low-alloy High-strength Steel
Segmentation by Application:
Metallurgical
Chemical Industrial
Defense
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
JFE Steel
Aperam
Nippon Steel Corporation
ThyssenKrupp AG
POSCO
Hyundai Steel
Gerdau
United States Steel
SAIL
Baowu
HBIS Company
Jiangsu Shagang Group
Ansteel
Shandong iron & Steel Group
Key Questions Addressed in this Report
What is the 10-year outlook for the global Pressure Vessel Steel market?
What factors are driving Pressure Vessel Steel market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Pressure Vessel Steel market opportunities vary by end market size?
How does Pressure Vessel Steel break out by Type, by Application?
Please note: The report will take approximately 2 business days to prepare and deliver.
Table of Contents
113 Pages
- *This is a tentative TOC and the final deliverable is subject to change.*
- 1 Scope of the Report
- 2 Executive Summary
- 3 Global by Company
- 4 World Historic Review for Pressure Vessel Steel by Geographic Region
- 5 Americas
- 6 APAC
- 7 Europe
- 8 Middle East & Africa
- 9 Market Drivers, Challenges and Trends
- 10 Manufacturing Cost Structure Analysis
- 11 Marketing, Distributors and Customer
- 12 World Forecast Review for Pressure Vessel Steel by Geographic Region
- 13 Key Players Analysis
- 14 Research Findings and Conclusion
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