MarketSegmentation
By Product Type:
Market Value
2023 Market Size: USD 67,150 million
2032 Projected Market Size: USD
109,653.19 million
Compound Annual Growth Rate (CAGR): 5.60% during the forecast period
Market Opportunities
Technological Advancements: In techniques and materials enha performance.
Emerging Markets: Growth pot
Pacific and Middle East & Afric infrastructure development.
Sustainability Initiatives: Increa and energy-efficient forging pro
Diversification: Expanding appl renewable energy and electric v
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
Sample Report
Regional Analysis
North America: Market size of USD 19,217.43 million in 2023; projected
CAGR of 4.80%. Key players include Precision Castparts Corp. and Allegheny Technologies Inc.
Europe: Influenced by companies like Thyssenkrupp and Aubert & Duval.
Growth driven by shipbuilding and construction machinery sectors.
Asia-Pacific: Opportunities with key players such as Nippon Steel and Aichi Steel. Growth fueled by automotive and power industries in countries like China and Japan.
Middle East & Africa: Emerging potential with companies like Acerinox
S.A. and Dongfeng Forging. Development in oil & gas and defense sectors.
South & Central America: Expansion driven by companies like FAW and Farinia Group, focusing on agriculture and defense applications.
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.
