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Maraging Steel-Global Market Insights and Sales Trends 2025
Synopsis
Maraging steel is 18% nickel, cobalt strengthened steel (C-type) with excellent properties, workability and heat treatment characteristics. Maraging is double vacuum melted by VIM (Vacuum Induction Melt) followed by VAR (Vacuum Arc Remelt). Maraging material is supplied in the annealed and descaled condition. The alloy is very tough, relatively soft (RC 30/35), readily machined or formed. Maraging provides a high value for critical parts in aerospace, structural, component and tooling Application.
The global Maraging Steel market size is expected to reach US$ 20 million by 2029, growing at a CAGR of 4.5% from 2023 to 2029. The market is mainly driven by the significant applications of Maraging Steel in various end use industries. The expanding demands from the Aerospace, Hydrospace and Tooling,, are propelling Maraging Steel market. Grade 200, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Grade 250 segment is estimated at % CAGR for the next seven-year period.
The major global producers of maraging Steel include Hitachi Metals, Universal Stainless, Villares Metals, Dongbei Special Steel Group, Nippon Koshuha, Bao Steel, Daido Steel, Aubert & Dural and Bohler, which together account for over 90% of the market share. Japan is the largest supplier of maraging steel, with a market share of nearly 35%. China is the second largest supplier of maraging steel, with a market share of about 22%. North America is the biggest consumer, with a market share of nearly 30%. Europe is the second largest consumer market after North America, with a consumer market share of 26%.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Maraging Steel, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Maraging Steel market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Maraging Steel market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Maraging Steel sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Maraging Steel covered in this report include Hitachi Metals, Universal Stainless, Villares Metals, Dongbei Special Steel Group, NIPPON KOSHUHA, Bao steel, Daido Steel, Aubert & Dural and Bohler, etc.
The global Maraging Steel market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Hitachi Metals
Universal Stainless
Villares Metals
Dongbei Special Steel Group
NIPPON KOSHUHA
Bao steel
Daido Steel
Aubert & Dural
Bohler
Global Maraging Steel market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Maraging Steel market, Segment by Type:
Grade 200
Grade 250
Grade 300
Grade 350
Global Maraging Steel market, by Application
Aerospace
Hydrospace
Tooling
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Maraging Steel manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Maraging Steel in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Maraging steel is 18% nickel, cobalt strengthened steel (C-type) with excellent properties, workability and heat treatment characteristics. Maraging is double vacuum melted by VIM (Vacuum Induction Melt) followed by VAR (Vacuum Arc Remelt). Maraging material is supplied in the annealed and descaled condition. The alloy is very tough, relatively soft (RC 30/35), readily machined or formed. Maraging provides a high value for critical parts in aerospace, structural, component and tooling Application.
The global Maraging Steel market size is expected to reach US$ 20 million by 2029, growing at a CAGR of 4.5% from 2023 to 2029. The market is mainly driven by the significant applications of Maraging Steel in various end use industries. The expanding demands from the Aerospace, Hydrospace and Tooling,, are propelling Maraging Steel market. Grade 200, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Grade 250 segment is estimated at % CAGR for the next seven-year period.
The major global producers of maraging Steel include Hitachi Metals, Universal Stainless, Villares Metals, Dongbei Special Steel Group, Nippon Koshuha, Bao Steel, Daido Steel, Aubert & Dural and Bohler, which together account for over 90% of the market share. Japan is the largest supplier of maraging steel, with a market share of nearly 35%. China is the second largest supplier of maraging steel, with a market share of about 22%. North America is the biggest consumer, with a market share of nearly 30%. Europe is the second largest consumer market after North America, with a consumer market share of 26%.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Maraging Steel, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Maraging Steel market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Maraging Steel market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Maraging Steel sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Maraging Steel covered in this report include Hitachi Metals, Universal Stainless, Villares Metals, Dongbei Special Steel Group, NIPPON KOSHUHA, Bao steel, Daido Steel, Aubert & Dural and Bohler, etc.
The global Maraging Steel market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Hitachi Metals
Universal Stainless
Villares Metals
Dongbei Special Steel Group
NIPPON KOSHUHA
Bao steel
Daido Steel
Aubert & Dural
Bohler
Global Maraging Steel market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Maraging Steel market, Segment by Type:
Grade 200
Grade 250
Grade 300
Grade 350
Global Maraging Steel market, by Application
Aerospace
Hydrospace
Tooling
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Maraging Steel manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Maraging Steel in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index1 Maraging Steel Market Overview
1.1 Maraging Steel Product Overview
1.2 Maraging Steel Market Segment by Type
1.2.1 Grade 200
1.2.2 Grade 250
1.2.3 Grade 300
1.2.4 Grade 350
1.3 Global Maraging Steel Market Size by Type
1.3.1 Global Maraging Steel Market Size Overview by Type (2018-2029)
1.3.2 Global Maraging Steel Historic Market Size Review by Type (2018-2023)
1.3.3 Global Maraging Steel Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Maraging Steel Sales Breakdown by Type (2018-2023)
1.4.2 Europe Maraging Steel Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Maraging Steel Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Maraging Steel Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Maraging Steel Sales Breakdown by Type (2018-2023)
2 Global Maraging Steel Market Competition by Company
2.1 Global Top Players by Maraging Steel Sales (2018-2023)
2.2 Global Top Players by Maraging Steel Revenue (2018-2023)
2.3 Global Top Players by Maraging Steel Price (2018-2023)
2.4 Global Top Manufacturers Maraging Steel Manufacturing Base Distribution, Sales Area, Product Type
2.5 Maraging Steel Market Competitive Situation and Trends
2.5.1 Maraging Steel Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Maraging Steel Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Maraging Steel as of 2022)
2.7 Date of Key Manufacturers Enter into Maraging Steel Market
2.8 Key Manufacturers Maraging Steel Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Maraging Steel Status and Outlook by Region
3.1 Global Maraging Steel Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Maraging Steel Historic Market Size by Region
3.2.1 Global Maraging Steel Sales in Volume by Region (2018-2023)
3.2.2 Global Maraging Steel Sales in Value by Region (2018-2023)
3.2.3 Global Maraging Steel Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Maraging Steel Forecasted Market Size by Region
3.3.1 Global Maraging Steel Sales in Volume by Region (2024-2029)
3.3.2 Global Maraging Steel Sales in Value by Region (2024-2029)
3.3.3 Global Maraging Steel Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Maraging Steel by Application
4.1 Maraging Steel Market Segment by Application
4.1.1 Aerospace
4.1.2 Hydrospace
4.1.3 Tooling
4.2 Global Maraging Steel Market Size by Application
4.2.1 Global Maraging Steel Market Size Overview by Application (2018-2029)
4.2.2 Global Maraging Steel Historic Market Size Review by Application (2018-2023)
4.2.3 Global Maraging Steel Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Maraging Steel Sales Breakdown by Application (2018-2023)
4.3.2 Europe Maraging Steel Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Maraging Steel Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Maraging Steel Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Maraging Steel Sales Breakdown by Application (2018-2023)
5 North America Maraging Steel by Country
5.1 North America Maraging Steel Historic Market Size by Country
5.1.1 North America Maraging Steel Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Maraging Steel Sales in Volume by Country (2018-2023)
5.1.3 North America Maraging Steel Sales in Value by Country (2018-2023)
5.2 North America Maraging Steel Forecasted Market Size by Country
5.2.1 North America Maraging Steel Sales in Volume by Country (2024-2029)
5.2.2 North America Maraging Steel Sales in Value by Country (2024-2029)
6 Europe Maraging Steel by Country
6.1 Europe Maraging Steel Historic Market Size by Country
6.1.1 Europe Maraging Steel Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Maraging Steel Sales in Volume by Country (2018-2023)
6.1.3 Europe Maraging Steel Sales in Value by Country (2018-2023)
6.2 Europe Maraging Steel Forecasted Market Size by Country
6.2.1 Europe Maraging Steel Sales in Volume by Country (2024-2029)
6.2.2 Europe Maraging Steel Sales in Value by Country (2024-2029)
7 Asia-Pacific Maraging Steel by Region
7.1 Asia-Pacific Maraging Steel Historic Market Size by Region
7.1.1 Asia-Pacific Maraging Steel Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Maraging Steel Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Maraging Steel Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Maraging Steel Forecasted Market Size by Region
7.2.1 Asia-Pacific Maraging Steel Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Maraging Steel Sales in Value by Region (2024-2029)
8 Latin America Maraging Steel by Country
8.1 Latin America Maraging Steel Historic Market Size by Country
8.1.1 Latin America Maraging Steel Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Maraging Steel Sales in Volume by Country (2018-2023)
8.1.3 Latin America Maraging Steel Sales in Value by Country (2018-2023)
8.2 Latin America Maraging Steel Forecasted Market Size by Country
8.2.1 Latin America Maraging Steel Sales in Volume by Country (2024-2029)
8.2.2 Latin America Maraging Steel Sales in Value by Country (2024-2029)
9 Middle East and Africa Maraging Steel by Country
9.1 Middle East and Africa Maraging Steel Historic Market Size by Country
9.1.1 Middle East and Africa Maraging Steel Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Maraging Steel Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Maraging Steel Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Maraging Steel Forecasted Market Size by Country
9.2.1 Middle East and Africa Maraging Steel Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Maraging Steel Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 Hitachi Metals
10.1.1 Hitachi Metals Company Information
10.1.2 Hitachi Metals Introduction and Business Overview
10.1.3 Hitachi Metals Maraging Steel Sales, Revenue and Gross Margin (2018-2023)
10.1.4 Hitachi Metals Maraging Steel Products Offered
10.1.5 Hitachi Metals Recent Development
10.2 Universal Stainless
10.2.1 Universal Stainless Company Information
10.2.2 Universal Stainless Introduction and Business Overview
10.2.3 Universal Stainless Maraging Steel Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Universal Stainless Maraging Steel Products Offered
10.2.5 Universal Stainless Recent Development
10.3 Villares Metals
10.3.1 Villares Metals Company Information
10.3.2 Villares Metals Introduction and Business Overview
10.3.3 Villares Metals Maraging Steel Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Villares Metals Maraging Steel Products Offered
10.3.5 Villares Metals Recent Development
10.4 Dongbei Special Steel Group
10.4.1 Dongbei Special Steel Group Company Information
10.4.2 Dongbei Special Steel Group Introduction and Business Overview
10.4.3 Dongbei Special Steel Group Maraging Steel Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Dongbei Special Steel Group Maraging Steel Products Offered
10.4.5 Dongbei Special Steel Group Recent Development
10.5 NIPPON KOSHUHA
10.5.1 NIPPON KOSHUHA Company Information
10.5.2 NIPPON KOSHUHA Introduction and Business Overview
10.5.3 NIPPON KOSHUHA Maraging Steel Sales, Revenue and Gross Margin (2018-2023)
10.5.4 NIPPON KOSHUHA Maraging Steel Products Offered
10.5.5 NIPPON KOSHUHA Recent Development
10.6 Bao steel
10.6.1 Bao steel Company Information
10.6.2 Bao steel Introduction and Business Overview
10.6.3 Bao steel Maraging Steel Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Bao steel Maraging Steel Products Offered
10.6.5 Bao steel Recent Development
10.7 Daido Steel
10.7.1 Daido Steel Company Information
10.7.2 Daido Steel Introduction and Business Overview
10.7.3 Daido Steel Maraging Steel Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Daido Steel Maraging Steel Products Offered
10.7.5 Daido Steel Recent Development
10.8 Aubert & Dural
10.8.1 Aubert & Dural Company Information
10.8.2 Aubert & Dural Introduction and Business Overview
10.8.3 Aubert & Dural Maraging Steel Sales, Revenue and Gross Margin (2018-2023)
10.8.4 Aubert & Dural Maraging Steel Products Offered
10.8.5 Aubert & Dural Recent Development
10.9 Bohler
10.9.1 Bohler Company Information
10.9.2 Bohler Introduction and Business Overview
10.9.3 Bohler Maraging Steel Sales, Revenue and Gross Margin (2018-2023)
10.9.4 Bohler Maraging Steel Products Offered
10.9.5 Bohler Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Maraging Steel Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Maraging Steel Industrial Chain Analysis
11.4 Maraging Steel Market Dynamics
11.4.1 Maraging Steel Industry Trends
11.4.2 Maraging Steel Market Drivers
11.4.3 Maraging Steel Market Challenges
11.4.4 Maraging Steel Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Maraging Steel Distributors
12.3 Maraging Steel Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer
Published By : QY Research
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