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The Tool Steel Global Market Report 2021-31 by The Business Research Company describes and explains the global tool steel market and covers 2016 to 2021, termed the historic period, and 2022 to 2026, termed the forecast period, along with further forecasts for the period 2026-2031. The report evaluates the market across each region and for the major economies within each region.
The Tool Steel Global Market Report 2022 covers tool steel market drivers, tool steel market trends, tool steel market segments, tool steel market growth rate, tool steel market major players, and tool steel market size.
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The tool steel market report provides in-depth analysis of the impact of COVID-19 on the global tool steel industry along with revised market numbers due to the effects of the coronavirus and the expected tool steel market growth numbers for 2022-2031.
The global tool steel market size is expected to grow from $5.05 billion in 2021 to $5.36 billion in 2022 at a compound annual growth rate (CAGR) of 6.2%. The global tool steel market size is expected to grow to $6.86 billion in 2026 at a compound annual growth rate (CAGR) of 6.4%.
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Tool Steel Global Market Report 2022 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.
TBRC’s report covers the tool steel market segments-
1) By Product Type: Water-hardening, Cold-work, Shock-resisting, High speed, Hot-working, Special Purpose
2) By Material Type: Tungsten, Chromium, Vanadium, Molybdenum
3) By End Use: General Manufacturing, Automotive, Defense and Aerospace, Electronic and Electrical, Ship Building, Others
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