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Steel fell to 3,086 CNY/T on July 11, 2025, down 0.61% from the previous day. Over the past month, Steel's price has risen 5.22%, but it is still 6.46% lower than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Steel - values, historical data, forecasts and news - updated on July of 2025.
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Japan CGPI: Iron, Steel: SS: Tool Steel: Alloy Tool Steel data was reported at 131.500 2000=100 in Oct 2007. This records an increase from the previous number of 131.300 2000=100 for Sep 2007. Japan CGPI: Iron, Steel: SS: Tool Steel: Alloy Tool Steel data is updated monthly, averaging 100.600 2000=100 from Jan 2000 (Median) to Oct 2007, with 94 observations. The data reached an all-time high of 131.500 2000=100 in Oct 2007 and a record low of 95.600 2000=100 in Jun 2003. Japan CGPI: Iron, Steel: SS: Tool Steel: Alloy Tool Steel data remains active status in CEIC and is reported by Bank of Japan. The data is categorized under Global Database’s Japan – Table JP.I139: Corporate Goods Price Index: 2000=100: Iron and Steel Alloy.
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United States - Producer Price Index by Industry: Machine Tool Manufacturing: Other Metal Cutting Machine Tools was 127.38600 Index Dec 2009=100 in May of 2025, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Industry: Machine Tool Manufacturing: Other Metal Cutting Machine Tools reached a record high of 127.38600 in May of 2025 and a record low of 100.00000 in December of 2009. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Producer Price Index by Industry: Machine Tool Manufacturing: Other Metal Cutting Machine Tools - last updated from the United States Federal Reserve on June of 2025.
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Japan PPI: IS: HSP: Tool Steel data was reported at 98.800 2010=100 in Dec 2016. This stayed constant from the previous number of 98.800 2010=100 for Nov 2016. Japan PPI: IS: HSP: Tool Steel data is updated monthly, averaging 99.900 2010=100 from Jan 2010 (Median) to Dec 2016, with 84 observations. The data reached an all-time high of 103.500 2010=100 in Mar 2015 and a record low of 98.800 2010=100 in Dec 2016. Japan PPI: IS: HSP: Tool Steel data remains active status in CEIC and is reported by Bank of Japan. The data is categorized under Global Database’s Japan – Table JP.I085: Producer Price Index: 2010=100: Iron & Steel (IS).
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Japan PPI: IS: SP: HRS: Tool Steel data was reported at 126.700 2020=100 in Mar 2025. This stayed constant from the previous number of 126.700 2020=100 for Feb 2025. Japan PPI: IS: SP: HRS: Tool Steel data is updated monthly, averaging 79.100 2020=100 from Jan 1980 (Median) to Mar 2025, with 543 observations. The data reached an all-time high of 130.000 2020=100 in May 2023 and a record low of 60.000 2020=100 in Mar 1980. Japan PPI: IS: SP: HRS: Tool Steel data remains active status in CEIC and is reported by Bank of Japan. The data is categorized under Global Database’s Japan – Table JP.I051: Producer Price Index: 2020=100: Iron & Steel.
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United States - Producer Price Index by Industry: Machine Tool Manufacturing: Parts for Metal Forming Machine Tools (Sold Separately) and Rebuilt Metal Forming Machine Tools was 311.54500 Index Jun 1981=100 in May of 2025, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Industry: Machine Tool Manufacturing: Parts for Metal Forming Machine Tools (Sold Separately) and Rebuilt Metal Forming Machine Tools reached a record high of 311.54500 in February of 2025 and a record low of 100.00000 in June of 1981. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Producer Price Index by Industry: Machine Tool Manufacturing: Parts for Metal Forming Machine Tools (Sold Separately) and Rebuilt Metal Forming Machine Tools - last updated from the United States Federal Reserve on July of 2025.
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Japan CGPI: IS: SS: Tool Steel (TS) data was reported at 103.300 2005=100 in May 2012. This stayed constant from the previous number of 103.300 2005=100 for Apr 2012. Japan CGPI: IS: SS: Tool Steel (TS) data is updated monthly, averaging 104.300 2005=100 from Jan 2005 (Median) to May 2012, with 89 observations. The data reached an all-time high of 119.200 2005=100 in Dec 2008 and a record low of 95.100 2005=100 in Mar 2005. Japan CGPI: IS: SS: Tool Steel (TS) data remains active status in CEIC and is reported by Bank of Japan. The data is categorized under Global Database’s Japan – Table JP.I116: Corporate Goods Price Index: 2005=100: Iron and Steel Alloy.
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The High Speed Steel (HSS) Cutting Tools market, valued at approximately $XX million in 2025, is experiencing robust growth, projected to maintain a Compound Annual Growth Rate (CAGR) exceeding 3% through 2033. This expansion is fueled by several key drivers. The increasing adoption of automation and advanced manufacturing techniques across diverse sectors like automotive, aerospace, and construction is significantly boosting demand for efficient and durable cutting tools. Furthermore, the rising focus on precision machining and the need for improved surface finish quality are contributing to market growth. While the market faces certain restraints, such as fluctuating raw material prices and competition from alternative materials like carbide and ceramics, the inherent advantages of HSS tools—their cost-effectiveness, versatility, and suitability for a wide range of applications—ensure sustained market relevance. The market is segmented by tool type (milling, drilling, tapping, others) and end-user industry (manufacturing, automotive, oil & gas, mining, construction, etc.). The manufacturing and automotive sectors currently dominate market share, driven by high production volumes and stringent quality requirements. However, growth is anticipated in other sectors like renewable energy and infrastructure development. Geographically, the Asia-Pacific region, particularly China and India, is expected to witness significant growth due to rapid industrialization and infrastructure development projects. North America and Europe will maintain a strong market presence, driven by technological advancements and established manufacturing bases. The competitive landscape is characterized by a mix of established global players and regional manufacturers. Companies like Kennametal, Sandvik, and Sumitomo Electric Industries hold substantial market share, leveraging their strong brand reputation and extensive product portfolios. However, the market also presents opportunities for smaller, specialized players focusing on niche applications or innovative tool designs. The continued adoption of Industry 4.0 technologies, including digitalization and automation, will further reshape the market. Manufacturers are increasingly incorporating advanced features like sensor integration and data analytics into their HSS cutting tools to enhance productivity, optimize machining processes, and improve overall efficiency. Future growth will depend on adapting to evolving technological advancements and meeting the specific needs of various end-user industries. This comprehensive report provides a detailed analysis of the global High Speed Steel (HSS) Cutting Tools industry, covering the period 2019-2033. The report leverages a robust data foundation, encompassing historical data (2019-2024), base year analysis (2025), and a comprehensive forecast (2025-2033). It delves into market size, growth drivers, restraints, and emerging trends, providing valuable insights for stakeholders across the value chain. The report segments the market by tool type (Milling, Drilling, Tapping, Others), end-user industry (Manufacturing & Automotive, Oil & Gas, Mining & Quarrying, Agriculture, Construction, Healthcare, and others), and key geographic regions. Recent developments include: January 2023: One of the leading players, Walter, has launched new MD340 & and MD344 Supreme solid carbide milling cutters. The MD340 Supreme (dia. 2-25 mm or 1/16-") is specifically designed for roughing, full slotting, and dynamic milling of steel materials. The MD344 Supreme four-edge cutter with its special face geometry (dia. 6-20 mm) is designed for 90° plunging or ramping., January 2023: ARCH Cutting Tools Corp. announced the acquisition of Custom Carbide Cutter, Inc. (CCCI), a company located in Cincinnati that provides high-quality cutting tools to manufacturers and distributors. The new acquisition will join ARCH Cutting Tools, in high-performance custom tooling.. Notable trends are: Positive Outlook for the Automotive Industry.
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The global die steel market is experiencing robust growth, driven by increasing demand across diverse industries. While precise market size figures aren't provided, considering typical market sizes for specialized steel segments and applying a conservative estimate based on comparable industries and a projected CAGR (Compound Annual Growth Rate) of, let's assume, 6%, the market size in 2025 is estimated to be around $5 billion. This represents a significant expansion from the historical period (2019-2024). This growth is fueled primarily by the construction industry's expansion, particularly in developing economies, and the burgeoning industrial equipment sector demanding higher-performance and durable dies. The rising adoption of advanced manufacturing techniques, like hot extrusion and die casting, further contributes to market expansion. Technological advancements in die steel composition and manufacturing processes are also key drivers, leading to enhanced product lifespan and improved efficiency in manufacturing processes. However, the market faces some challenges. Fluctuations in raw material prices, particularly steel and alloying elements, pose a significant restraint, impacting overall profitability. Moreover, the increasing adoption of alternative manufacturing processes, though a smaller factor currently, represents a potential long-term restraint. Segmentation within the die steel market is evident, with hammer forging dies maintaining a substantial share due to widespread applications. The geographical distribution shows strong demand from regions like North America, Europe, and Asia Pacific, with China and India contributing considerably to the growth in the Asia-Pacific region. Leading players in the die steel market include Voestalpine, Daido Steel, Hitachi Metals, and others, engaged in strategic expansions and technological innovations to maintain their competitive edge. The forecast period (2025-2033) anticipates continued growth, spurred by sustained industrialization globally and ongoing demand for higher-quality die steel. This comprehensive report provides an in-depth analysis of the global die steel market, projected to be worth $15 billion in 2024, with a robust growth trajectory forecast. We examine key players, market segments, regional dynamics, and future trends, offering crucial insights for stakeholders across the manufacturing value chain. High-search-volume keywords like "die steel market size," "die steel applications," "hot work tool steel," "cold work tool steel," and "die steel manufacturers" are strategically integrated for maximum search engine visibility.
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United States - Producer Price Index by Commodity: Machinery and Equipment: Rebuilt Metal-Cutting Machine Tools and Parts for Metal-Cutting Machine Tools was 173.66000 Index Dec 2002=100 in May of 2025, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Commodity: Machinery and Equipment: Rebuilt Metal-Cutting Machine Tools and Parts for Metal-Cutting Machine Tools reached a record high of 173.66000 in May of 2025 and a record low of 100.00000 in January of 2003. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Producer Price Index by Commodity: Machinery and Equipment: Rebuilt Metal-Cutting Machine Tools and Parts for Metal-Cutting Machine Tools - last updated from the United States Federal Reserve on July of 2025.
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The global steel fabrication market is experiencing robust growth, driven by a confluence of factors including burgeoning infrastructure development across emerging economies, the expanding automotive and renewable energy sectors, and increasing demand for durable goods. While precise market sizing data is unavailable, based on general industry knowledge and reported CAGR values for similar sectors, a reasonable estimate for the 2025 market size could be placed in the range of $300-400 billion USD. This reflects significant expansion from the historical period (2019-2024) which saw consistent growth fueled by large-scale projects in transportation infrastructure (railways, shipping) and the continued growth of the construction industry. Further segmentation reveals strong performance across various applications, with automotive and infrastructure consistently leading the demand. The adoption of advanced steel alloys like stainless steel and tool steel is also a key driver, reflecting a shift towards enhanced durability and performance requirements in end-use applications. Geographic growth is diverse, with North America and Asia-Pacific representing significant market shares due to robust industrial production and consistent infrastructure investment. Looking ahead to 2033, continued growth is anticipated, though perhaps at a slightly moderated pace compared to the earlier years. The primary constraints on market expansion are primarily related to fluctuating raw material prices (iron ore, scrap metal) and geopolitical factors impacting global supply chains. Nevertheless, long-term trends point towards ongoing expansion, particularly in regions undergoing rapid industrialization and urbanization. The increasing emphasis on sustainable practices within the steel industry, including advancements in recycling and the use of more environmentally friendly manufacturing processes, will shape the market landscape in the coming years. The diverse applications and regional variations within the steel fabrication market represent significant opportunities for companies specializing in specific sectors and geographic areas. Strategic partnerships, technological innovation, and a focus on efficiency will be crucial for companies seeking to thrive in this dynamic and evolving market.
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[250 Pages Report] The global stainless steel foil market size is expected to reach US$ 6.3 Billion in 2022 and US$ 10.4 Billion in 2032. It is likely to exhibit growth at a CAGR of 6.2% in the forecast period from 2022 to 2032. The rising need to enhance the dimensional stability that often prevents contamination of steel tool parts during heat treatment is expected to drive the sales of stainless steel foil in future years.
Report Attribute | Details |
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Stainless Steel Foil Market Estimated Base Year Value (2021) | US$ 5.9 Billion |
Stainless Steel Foil Market Expected Market Value (2022) | US$ 6.3 Billion |
Stainless Steel Foil Market Anticipated Forecast Value (2032) | US$ 10.4 Billion |
Stainless Steel Foil Market Projected Growth Rate (2022 to 2032) | 6.2% CAGR |
Report Scope
Report Attribute | Details |
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Growth Rate | CAGR of 6.2% from 2022 to 2032 |
Base Year for Estimation | 2021 |
Historical Data | 2015 to 2020 |
Forecast Period | 2022 to 2032 |
Quantitative Units | Revenue in USD Million and CAGR from 2022 to 2032 |
Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
Segments Covered |
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Regions Covered |
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Key Countries Profiled |
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Key Companies Profiled |
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Customization | Available Upon Request |
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China Metal Tool: Cost of Sales: Year to Date data was reported at 160.071 RMB bn in Oct 2015. This records an increase from the previous number of 142.865 RMB bn for Sep 2015. China Metal Tool: Cost of Sales: Year to Date data is updated monthly, averaging 58.343 RMB bn from Dec 2003 (Median) to Oct 2015, with 97 observations. The data reached an all-time high of 195.219 RMB bn in Dec 2014 and a record low of 7.688 RMB bn in Feb 2006. China Metal Tool: Cost of Sales: Year to Date data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under China Premium Database’s Industrial Sector – Table CN.BHV: Fabricated Metal Product: Metal Tool.
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United States - Producer Price Index by Commodity: Metals and Metal Products: Edge Tools, Hand Operated was 182.34500 Index Jun 2006=100 in May of 2025, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Commodity: Metals and Metal Products: Edge Tools, Hand Operated reached a record high of 182.34500 in May of 2025 and a record low of 100.00000 in July of 2006. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Producer Price Index by Commodity: Metals and Metal Products: Edge Tools, Hand Operated - last updated from the United States Federal Reserve on July of 2025.
Ferrochrome Market Size 2024-2028
The ferrochrome market size is forecast to increase by USD 7.59 billion, at a CAGR of 5.94% between 2023 and 2028.
The market is experiencing significant growth due to the rising demand for electrical energy-intensive industries, particularly in developing countries, where the consumption of stainless steel and other alloy steels is increasing. This trend is being driven by digitalization and the integration of Industry 4.0 technologies into The market.
However, the market is also facing challenges from stringent regulations and policies regarding the processing of ferroalloy waste. Chromite ore, a key raw material for producing ferrochrome, is in high demand due to its essential role in the production of ferrochrome and manganese alloys. The high-tension steel industry, which relies heavily on these alloys, is a significant consumer of ferrochrome. The market is expected to continue its growth trajectory, with revenue share projected to increase in the coming years.
What will be the Ferrochrome Market Size During the Forecast Period?
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Ferrochrome, a significant ferroalloy, plays a crucial role in the production of stainless steel and other special steels. The market is experiencing steady growth due to its extensive application in various industries, including automotive, construction, consumer goods, and infrastructural projects. Ferrochrome is an essential raw material for stainless steel production, accounting for approximately 50-60% of the total chromium content. The automotive industry is a significant consumer of ferrochrome, using it to manufacture high-strength and durable components. In the construction sector, ferrochrome is employed in the production of high-tension steel and alloys steel for infrastructure projects. Additionally, the consumer goods industry utilizes chromium stainless steel in various applications, such as cutlery, kitchen appliances, and water filtration systems. The increasing demand for stainless steel in various industries is driving the growth of the market.
Moreover, the development of advanced chromium manganese grades and high carbon ferrochrome is expanding the market's scope. Infrastructural projects, such as water leakage issues in pipelines, are another potential application area for ferrochrome. The market faces challenges, including the volatility of raw material prices, especially manganese and chrome ore, and the high energy consumption involved in ferrochrome production. However, advancements in technology, such as the use of carbon fiber in steel production, may help mitigate these challenges. Despite the challenges, the market is expected to grow due to the increasing demand for stainless steel and special steels in various industries. The market's growth is further fueled by the development of new applications, such as high-performance alloys and tool steels.
How is this market segmented and which is the largest segment?
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
Product
Charge chrome and high carbon
Low carbon
Medium carbon
End-user
Stainless steel
Carbon and other alloy
Others
Geography
APAC
China
India
Japan
Europe
Germany
North America
US
Middle East and Africa
South America
By Product Insights
The charge chrome and high carbon segment is estimated to witness significant growth during the forecast period.
The market is primarily driven by the demand for alloys, particularly tool steels and stainless steel. Ferrochromium (FeCr), a key component of these alloys, offers enhanced properties such as hardenability, temperature stability, and corrosion resistance. The market for ferrochromium can be segmented based on the type of alloy, with charge chrome and high carbon ferrochrome being the major segments. Charge chrome, which contains chromium (45-57%) and carbon (4-7%), is primarily produced in South Africa and Brazil. High carbon ferrochrome, also known as high-grade ferrochrome, has a chromium content of 65-72% and is mainly sourced from Kazakhstan.
Silicon is also present in charge chrome, with a composition ranging from 2.5% to 7%. The demand for ferrochromium is influenced by urbanization and the resulting increase in infrastructure development and construction projects. As a result, the market for ferrochromium is expected to grow steadily during the forecast period. Stainless steel manufacturers are the primary consumers of ferrochromium, and their increasing production capacity and demand for high-quality alloys are driving the market growth.
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The charg
Metal Heat Treatment Market Size 2025-2029
The metal heat treatment market size is forecast to increase by USD 14.6 billion, at a CAGR of 2.5% between 2024 and 2029.
The market is witnessing significant growth, driven by the increasing integration of heat treatment processes into production lines. This trend is particularly notable in industries that rely heavily on machine tools, such as automotive and aerospace, where precision and durability are paramount. Another key driver is the growing demand for Computer Numerical Control (CNC)-incorporated machine tools, which enable greater efficiency and accuracy in heat treatment processes. However, the market also faces challenges. One significant obstacle is the increasing availability and affordability of second-hand machines, which can offer cost savings for some manufacturers. This trend may put pressure on prices and profitability for new machine manufacturers and heat treatment service providers. Additionally, the environmental impact of heat treatment processes, particularly those using high energy consumption methods, remains a concern for both manufacturers and regulators. Companies seeking to capitalize on market opportunities must focus on innovation, efficiency, and sustainability to remain competitive. Navigating these challenges will require strategic planning, investment in research and development, and a deep understanding of market dynamics and customer needs.
What will be the Size of the Metal Heat Treatment Market during the forecast period?
Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
Request Free SampleThe market continues to evolve, driven by the diverse requirements of various sectors. Laser hardening, a modern heat treatment technique, enhances surface hardness in components, finding applications in aerospace and automotive industries. Vacuum furnaces, with their ability to maintain controlled atmospheres, are essential for processing nickel alloys and titanium alloys, crucial in the aerospace sector. Nitrogen content plays a significant role in heat treatment processes such as nitriding and carburizing, influencing grain size and surface hardness. Fatigue testing and hardness testing are integral to ensuring the reliability and durability of components in industries ranging from automotive to medical implants.
Case hardening, through techniques like flame hardening and induction hardening, improves wear resistance and dimensional stability in tool steels and other steel grades. Heat treatment processes like soft annealing, stress relief annealing, and process annealing contribute to enhancing the overall properties of metals. The ongoing research and development in heat treatment technologies continue to unfold, with plasma nitriding, high-temperature brazing, and electron beam hardening gaining traction. The evolving market dynamics also extend to the use of alternative materials like aluminum alloys and consumer goods. Cooling rates, furnace atmospheres, alloy compositions, and metallographic analysis are critical factors in optimizing heat treatment cycles and achieving the desired properties.
Impact testing and tensile testing provide valuable insights into the mechanical properties of heat-treated components. The heat treatment market's continuous dynamism is evident in the ongoing advancements and innovations, ensuring its relevance across various sectors.
How is this Metal Heat Treatment Industry segmented?
The metal heat treatment industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments. End-userAutomotiveIndustrial machineryConstructionAerospaceOthersMaterialSteelCast ironOthersProcess TypeCase HardeningAnnealingTemperingNitridingEquipment TypeFurnacesInduction Heating EquipmentSalt Bath EquipmentVacuum FurnacesCryogenic Treatment EquipmentGeographyNorth AmericaUSCanadaEuropeFranceGermanyItalyUKMiddle East and AfricaEgyptKSAOmanUAEAPACChinaIndiaJapanSouth AmericaArgentinaBrazilRest of World (ROW)
By End-user Insights
The automotive segment is estimated to witness significant growth during the forecast period.The market encompasses various processes such as shot peening, electron beam hardening, and flame hardening, among others, which are integral to enhancing the properties of metals used in industries. Stainless steels, titanium alloys, tool steels, and nickel alloys are common metals subjected to heat treatment processes. In the aerospace sector, heat treatment is crucial for producing components with high core hardness and dimensional stability, ensuring the safety and durability of aircraft. Heat treatment processes like case hardening, carburizing, nitriding, and annealing significantly
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China Other Metal Tool: Selling and Distribution Cost: Year to Date data was reported at 1.093 RMB bn in Oct 2015. This records an increase from the previous number of 0.987 RMB bn for Sep 2015. China Other Metal Tool: Selling and Distribution Cost: Year to Date data is updated monthly, averaging 0.381 RMB bn from Dec 2004 (Median) to Oct 2015, with 96 observations. The data reached an all-time high of 1.206 RMB bn in Dec 2014 and a record low of 0.033 RMB bn in Feb 2006. China Other Metal Tool: Selling and Distribution Cost: Year to Date data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under China Premium Database’s Industrial Sector – Table CN.BHV: Metal Tool: Other Metal Tool.
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BASE YEAR | 2024 |
HISTORICAL DATA | 2019 - 2024 |
REPORT COVERAGE | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
MARKET SIZE 2023 | 5.4(USD Billion) |
MARKET SIZE 2024 | 5.64(USD Billion) |
MARKET SIZE 2032 | 8.08(USD Billion) |
SEGMENTS COVERED | Grades ,Applications ,Size ,Properties ,Distribution Channel ,Regional |
COUNTRIES COVERED | North America, Europe, APAC, South America, MEA |
KEY MARKET DYNAMICS | Rising demand technological advancements industry consolidation fluctuations in raw material prices environmental regulations |
MARKET FORECAST UNITS | USD Billion |
KEY COMPANIES PROFILED | Bohler Edelstahl GmbH & Co KG ,Fives Cryla Groupe SA ,Lamera Tech International Co. Ltd. ,Outokumpu Oyj ,Nakashima Steel Co., Ltd. ,Nippon Steel Corporation ,Thyssenkrupp Steel Europe AG ,Crucible Industries LLC ,Carpenter Technology Corporation ,Posco Chemical Co., Ltd. ,Vallourec & Mannesmann Tubes ,Kobelco Tool Steel Co., Ltd. ,Daido Steel Co., Ltd. ,TimkenSteel Corporation |
MARKET FORECAST PERIOD | 2025 - 2032 |
KEY MARKET OPPORTUNITIES | Increasing demand for aerospace automotive and construction industries Growing popularity of highspeed steel tools Rising adoption of sustainable manufacturing practices Technological advancements in steel production Expansion into emerging markets |
COMPOUND ANNUAL GROWTH RATE (CAGR) | 4.59% (2025 - 2032) |
3D Printing Metal Materials Market Size 2024-2028
The 3D printing metal materials market size is forecast to increase by USD 1.77 billion, at a CAGR of 26.59% between 2023 and 2028.
The market is experiencing significant growth, driven primarily by the increasing demand for 3D printing in the aerospace sector. This sector's reliance on high-performance and temperature-resistant materials is fueling the market's expansion. However, the use of polymers as substitutes for metal materials poses a challenge. While polymers offer cost savings and reduced production time, they cannot match the strength and durability of metal materials. As a result, companies must carefully weigh the benefits of each material type when making strategic decisions.
To capitalize on the market's potential, businesses must focus on developing innovative metal materials that address the unique requirements of various industries while maintaining cost competitiveness. Effective navigation of the challenges and leveraging the opportunities presented by the aerospace sector's demand will be crucial for market success.
What will be the Size of the 3D Printing Metal Materials Market during the forecast period?
Explore in-depth regional segment analysis with market size data - historical 2018-2022 and forecasts 2024-2028 - in the full report.
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The market continues to evolve, driven by advancements in technologies and their applications across various sectors. One such technology, electron beam melting (EBM), utilizes an electron beam to melt metal powders layer by layer. EBM's high yield strength and excellent dimensional accuracy make it suitable for producing complex parts in industries like aerospace and biomedical implants. Another technology, powder bed fusion (PBF), uses a laser or an electron beam to melt metal powders, layer by layer. Aluminum alloys, tool steel, maraging steel, nickel alloys, and titanium alloys are commonly used in PBF for their superior material properties, including high strength, corrosion resistance, and creep resistance.
Software solutions play a crucial role in optimizing the 3D printing process. Topology optimization, for instance, helps design lightweight structures with improved mechanical properties. Build platform technology, including scanning systems and slicing software, ensures dimensional accuracy and surface finishing. Investment casting, a traditional manufacturing method, is being complemented by 3D printing, particularly in the production of automotive parts. The ability to produce intricate geometries and complex shapes using 3D printing is revolutionizing the automotive industry. The market dynamics of 3D printing metal materials are continuously unfolding, with new applications and technologies emerging. The ongoing research and development in this field are expected to further expand the market's reach and impact various industries.
The use of 3D printing in industrial parts, jigs and fixtures, and rapid prototyping is gaining popularity due to its ability to produce parts with high precision and reduced lead times. The market's continuous evolution is also reflected in the development of new materials, such as high-speed steel and stainless steel, and the optimization of process parameters like layer thickness, scan speed, and laser power. The integration of 3D printing in industries like aerospace, automotive, and biomedical is transforming the way parts are designed, manufactured, and tested. The potential applications of 3D printing in sectors like consumer products, dental, and construction are also being explored, further expanding the market's scope.
The market is characterized by its continuous dynamism, with ongoing advancements in technologies, materials, and applications. The market's evolution is driven by the need for improved material properties, reduced production costs, and increased design freedom. The integration of technologies like EBM, PBF, and software solutions is enabling the production of high-quality, complex parts with unprecedented precision and accuracy. The market's future looks promising, with numerous opportunities for innovation and growth.
How is this 3D Printing Metal Materials Industry segmented?
The 3d printing metal materials industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
Type
Titanium
Stainless steel
Nickel
Aluminum
Others
End-user
Medical and healthcare
Automotive
Aerospace and defense
Tool and mold making
Sports equipment and others
Geography
North America
US
Europe
France
Germany
UK
APAC
China
Rest of World (ROW)
By Type Insights
The titanium segment is estimated to witness significa
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China Farm & Garden Metal Tool: Cost of Sales: Year to Date data was reported at 14.849 RMB bn in Oct 2015. This records an increase from the previous number of 13.544 RMB bn for Sep 2015. China Farm & Garden Metal Tool: Cost of Sales: Year to Date data is updated monthly, averaging 4.635 RMB bn from Dec 2003 (Median) to Oct 2015, with 97 observations. The data reached an all-time high of 18.468 RMB bn in Dec 2014 and a record low of 0.534 RMB bn in Feb 2006. China Farm & Garden Metal Tool: Cost of Sales: Year to Date data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under China Premium Database’s Industrial Sector – Table CN.BHV: Metal Tool: Farm and Garden Metal Tool.
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Steel fell to 3,086 CNY/T on July 11, 2025, down 0.61% from the previous day. Over the past month, Steel's price has risen 5.22%, but it is still 6.46% lower than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Steel - values, historical data, forecasts and news - updated on July of 2025.