Global Untempered Steel Market Growth 2023-2029

Global Untempered Steel Market Growth 2023-2029

Non-quenched and tempered steel is based on medium carbon manganese steel with vanadium, titanium, niobium microalloying elements, so that it is dissolved in austenite during heating, due to the solidification of vanadium, titanium, and niobium in austenite The solubility decreases with cooling. The microalloying elements vanadium, titanium, and niobium will be precipitated in the first precipitated ferrite and pearlite in the form of fine carbides and nitrides. These precipitates maintain a coherent relationship with the parent phase to strengthen the steel. The mechanical properties of this type of steel in the hot-rolled state, forged state or normalized state are equal to or close to that of modulated steel, which not only shortens the production cycle, but also saves energy.
LPI (LP Information)' newest research report, the “Untempered Steel Industry Forecast” looks at past sales and reviews total world Untempered Steel sales in 2022, providing a comprehensive analysis by region and market sector of projected Untempered Steel sales for 2023 through 2029. With Untempered Steel sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Untempered Steel industry.
This Insight Report provides a comprehensive analysis of the global Untempered 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 Untempered Steel portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Untempered Steel market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Untempered 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 Untempered Steel.
The global Untempered Steel market size is projected to grow from US$ 7220.9 million in 2022 to US$ 8699.6 million in 2029; it is expected to grow at a CAGR of 8699.6 from 2023 to 2029.
Global Untempered Steel key players include NSSC, ThyssenKrupp, Kobelco, etc. Global top four manufacturers hold a share over 45%.
Japan is the largest market, with a share about 40%, followed by China, and Germany, both have a share about 40 percent.
In terms of product, Ferrite-pearlite Steel is the largest segment, with a share about 60%. And in terms of application, the largest application is Automotive Parts, followed by Mechanical Processing, etc.
This report presents a comprehensive overview, market shares, and growth opportunities of Untempered Steel market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Ferrite-pearlite Steel
Bainite Steel
Martensitic Steel
Segmentation by application
Automotive Parts
Mechanical Processing
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 analyzing the company's coverage, product portfolio, its market penetration.
NSSC
ThyssenKrupp
Kobelco
DAIDO STEEL
Key Questions Addressed in this Report
What is the 10-year outlook for the global Untempered Steel market?
What factors are driving Untempered Steel market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Untempered Steel market opportunities vary by end market size?
How does Untempered Steel break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.