MarketSegmentation
By Product Type:
Closed Die Forging
Rolled Rings
Precision Forging
By
Market Value
2023 Market Size: USD 67,150 million
Projected 2032 Market Size: USD
109,653.19 million
Compound Annual Growth Rate (CAGR): 5.60% (2025–2032)
Market Opportunities
Rising demand in automotive
Growth in renewable energy a industries
Infrastructure development in
Advancements in forging tech
Increased focus on lightweigh materials
Sample Report
Key Players/Stakeholders
Major Companies Leading the Industry:
Precision Castparts Corp. (Berkshire Hathaway)
Howmet Aerospace Inc.
Allegheny Technologies Incorporated (ATI)
Thyssenkrupp
Nippon Steel
VSMPO-AVISMA KOBELCO
Sample Report
Regional Analysis
North America:
2023 Market Size: USD 169.02 million
CAGR: 5.57% (2025–2032)
Europe:
Growth driven by demand for eco-friendly solvents
Asia-Pacific: Significant growth in China and Japan due to industrialization
Middle East & Africa:
Emerging opportunities with industrial expansion
South & Central America: Increasing adoption of sustainable cleaning solutions
About Us
•Established in 2015, 24Chemical Research specializes in providing comprehensive chemical industry research and analysis to support businesses in making well-informed decisions in this ever-evolving sector. Since our inception, we have been dedicated to delivering in-depth market research, identifying key trends, opportunities, and challenges shaping the global chemical industry.
