Wear resistant steel are carbon steels used in high abrasion environments, such as in mining equipment, shredders or dumper bodies. Their wear resistance is typically measured in terms of indentation hardness.
The global market for Wear Resistant Steel is estimated to increase from US$ 3389.8 million in 2021 to reach US$ 4626.6 million by 2028, exhibiting a CAGR of 4.5% during 2022-2028. Keeping in mind the uncertainties of COVID-19 and Russia-Ukraine War, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.
Global main manufacturers of wear resistant steel include SSAB, JFE and ThyssenKrupp, etc. The top three players hold a share around 53%. Europe is the largest producer, holds a share over 50%, followed by Japan and China. The largest market is Europe, holds a share about 35%, followed by North America and Asia-Pacific, with around 30% and 27% market share respectively.
Report Coverage
This latest report provides a deep insight into the global Wear Resistant Steel market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, value chain analysis, etc.
This report aims to provide a comprehensive picture of the global Wear Resistant Steel market, with both quantitative and qualitative data, to help readers understand how the Wear Resistant Steel market scenario changed across the globe during the pandemic and Russia-Ukraine War.
The base year considered for analyses is 2021, while the market estimates and forecasts are given from 2022 to 2028. The market estimates are provided in terms of revenue in USD millions and volume in K MT.
Market Segmentation:
The study segments the Wear Resistant Steel market and forecasts the market size by Brinell Hardness (Under HBW 400, 400 HB and 450 HB), by Application (Construction Industry, Mining Equipment Industry, Power Plants and Others), and region (APAC, Americas, Europe, and Middle East & Africa).
Segmentation by brinell hardness
Under HBW 400
400 HB
450 HB
500 HB
Above HBW 500
Segmentation by application
Construction Industry
Mining Equipment Industry
Power Plants
Others
Segmentation 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
Major companies covered
SSAB
JFE
ThyssenKrupp
Dillinger
Bisalloy
ESSAR Steel Algoma
ArcelorMittal
NSSMC
NLMK Clabecq
Bisalloy Jigang
NanoSteel
Baowu Group
WUYANG Steel
ANSTEEL
TISCO
Acroni
Salzgitter
Chapter Introduction
Chapter 1: Scope of Wear Resistant Steel, Research Methodology, etc.
Chapter 2: Executive Summary, global Wear Resistant Steel market size (sales and revenue) and CAGR, Wear Resistant Steel market size by region, by brinell hardness, by application, historical data from 2017 to 2022, and forecast to 2028.
Chapter 3: Wear Resistant Steel sales, revenue, average price, global market share, and industry ranking by company, 2017-2022
Chapter 4: Global Wear Resistant Steel sales and revenue by region and by country. Country specific data and market value analysis for the U.S., Canada, Europe, China, Japan, South Korea, Southeast Asia, India, Latin America and Middle East & Africa.
Chapter 5, 6, 7, 8: Americas, APAC, Europe, Middle East & Africa, sales segment by country, by brinell hardness, and brinell hardness.
Chapter 9: Analysis of the current market trends, market forecast, opportunities and economic trends that are affecting the future marketplace
Chapter 10: Manufacturing cost structure analysis
Chapter 11: Sales channel, distributors, and customers
Chapter 12: Global Wear Resistant Steel market size forecast by region, by country, by brinell hardness, and application.
Chapter 13: Comprehensive company profiles of the leading players, including SSAB, JFE, ThyssenKrupp, Dillinger, Bisalloy, ESSAR Steel Algoma, ArcelorMittal, NSSMC and NLMK Clabecq, etc.
Chapter 14: Research Findings and Conclusion