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Published On: Feb 10, 2025

Global Maraging Steel Market by Size, by Type, by Application, by Region, History and Forecast 2020-2031

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Summary
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.
According to APO Research, The global Maraging Steel market is projected to grow from US$ million in 2025 to US$ million by 2031, at a Compound Annual Growth Rate (CAGR) of % during the forecast period.
The US & Canada market for Maraging Steel is estimated to increase from $ million in 2025 to reach $ million by 2031, at a CAGR of % during the forecast period of 2025 through 2031.
Asia-Pacific market for Maraging Steel is estimated to increase from $ million in 2025 to reach $ million by 2031, at a CAGR of % during the forecast period of 2025 through 2031.
The China market for Maraging Steel is estimated to increase from $ million in 2025 to reach $ million by 2031, at a CAGR of % during the forecast period of 2025 through 2031.
Europe market for Maraging Steel is estimated to increase from $ million in 2025 to reach $ million by 2031, at a CAGR of % during the forecast period of 2025 through 2031.
The major global manufacturers of Maraging Steel include Hitachi Metals, Universal Stainless, Villares Metals, Dongbei Special Steel Group, NIPPON KOSHUHA, Bao steel, Daido Steel, Aubert & Dural and Bohler, etc. In 2024, the world's top three vendors accounted for approximately % of the revenue.
In terms of production side, this report researches the Maraging Steel production, growth rate, market share by manufacturers and by region (region level and country level), from 2020 to 2025, and forecast to 2031.
In terms of consumption side, this report focuses on the sales of Maraging Steel by region (region level and country level), by company, by type and by application. from 2020 to 2025 and forecast to 2031.
This report presents an overview of global market for Maraging Steel, capacity, output, revenue and price. Analyses of the global market trends, with historic market revenue or sales data for 2020 - 2024, estimates for 2025, and projections of CAGR through 2031.
This report researches the key producers of Maraging Steel, also provides the consumption of main regions and countries. Of the upcoming market potential for Maraging Steel, and key regions or countries of focus to forecast this market into various segments and sub-segments. Country specific data and market value analysis for the U.S., Canada, Mexico, Brazil, China, Japan, South Korea, Southeast Asia, India, Germany, the U.K., Italy, Middle East, Africa, and Other Countries.
This report focuses on the Maraging Steel sales, revenue, market share and industry ranking of main manufacturers, data from 2020 to 2025. Identification of the major stakeholders in the global Maraging Steel market, and analysis of their competitive landscape and market positioning based on recent developments and segmental revenues. This report will help stakeholders to understand the competitive landscape and gain more insights and position their businesses and market strategies in a better way.
This report analyzes the segments data by type and by application, sales, revenue, and price, from 2020 to 2031. Evaluation and forecast the market size for Maraging Steel sales, projected growth trends, production technology, application and end-user industry.
Maraging Steel Segment by Company
Hitachi Metals
Universal Stainless
Villares Metals
Dongbei Special Steel Group
NIPPON KOSHUHA
Bao steel
Daido Steel
Aubert & Dural
Bohler
Maraging Steel Segment by Type
Grade 200
Grade 250
Grade 300
Grade 350
Maraging Steel Segment by Application
Aerospace
Hydrospace
Tooling
Maraging Steel Segment by Region
North America
United States
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Spain
Netherlands
Switzerland
Sweden
Poland
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Southeast Asia
South America
Brazil
Argentina
Chile
Middle East & Africa
Egypt
South Africa
Israel
Türkiye
GCC Countries
Study Objectives
1. To analyze and research the global status and future forecast, involving, production, value, consumption, growth rate (CAGR), market share, historical and forecast.
2. To present the key manufacturers, capacity, production, revenue, market share, and Recent Developments.
3. To split the breakdown data by regions, type, manufacturers, and Application.
4. To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints, and risks.
5. To identify significant trends, drivers, influence factors in global and regions.
6. To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
Reasons to Buy This Report
1. This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Maraging Steel market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.
2. This report will help stakeholders to understand the global industry status and trends of Maraging Steel and provides them with information on key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in volume and value), competitor ecosystem, new product development, expansion, and acquisition.
4. This report stays updated with novel technology integration, features, and the latest developments in the market.
5. This report helps stakeholders to gain insights into which regions to target globally.
6. This report helps stakeholders to gain insights into the end-user perception concerning the adoption of Maraging Steel.
7. This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.
Chapter Outline
Chapter 1: Provides an overview of the Maraging Steel market, including product definition, global market growth prospects, production value, capacity, and average price forecasts (2020-2031).
Chapter 2: Analysis key trends, drivers, challenges, and opportunities within the global Maraging Steel industry.
Chapter 3: Detailed analysis of Maraging Steel market competition landscape. Including Maraging Steel manufacturers' output value, output and average price from 2020 to 2025, as well as competition analysis indicators such as origin, product type, application, merger and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 7: Production/Production Value of Maraging Steel by region. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 8: Consumption of Maraging Steel in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 9: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 10: Concluding Insights of the report.
Table 1:Maraging Steel Industry Trends
Table 2:Maraging Steel Industry Drivers
Table 3:Maraging Steel Industry Opportunities and Challenges
Table 4:Maraging Steel Industry Restraints
Table 5:Global Maraging Steel Production Value by Manufacturers (US$ Million) & (2020-2025)
Table 6:Global Maraging Steel Production Value Share by Manufacturers (2020-2025)
Table 7:Global Maraging Steel Production by Manufacturers (MT) & (2020-2025)
Table 8:Global Maraging Steel Production Market Share by Manufacturers
Table 9:Global Maraging Steel Average Price (K USD/MT) of Manufacturers (2020-2025)
Table 10:Global Maraging Steel Industry Manufacturers Ranking, 2023 VS 2024 VS 2025
Table 11:Global Maraging Steel Key Manufacturers Manufacturing Sites & Headquarters
Table 12:Global Maraging Steel Manufacturers, Product Type & Application
Table 13:Global Maraging Steel Manufacturers Established Date
Table 14:Global Manufacturers Market Concentration Ratio (CR5 and HHI)
Table 15:Global Maraging Steel by Manufacturers Type (Tier 1, Tier 2, and Tier 3) & (based on the Production Value of 2024)
Table 16:Major Manufacturers of Grade 200
Table 17:Major Manufacturers of Grade 250
Table 18:Major Manufacturers of Grade 300
Table 19:Major Manufacturers of Grade 350
Table 20:Global Maraging Steel Production by Type 2020 VS 2024 VS 2031 (MT)
Table 21:Global Maraging Steel Production by Type (2020-2025) & (MT)
Table 22:Global Maraging Steel Production by Type (2026-2031) & (MT)
Table 23:Global Maraging Steel Production Market Share by Type (2020-2025)
Table 24:Global Maraging Steel Production Market Share by Type (2026-2031)
Table 25:Global Maraging Steel Production Value by Type 2020 VS 2024 VS 2031 (MT)
Table 26:Global Maraging Steel Production Value by Type (2020-2025) & (MT)
Table 27:Global Maraging Steel Production Value by Type (2026-2031) & (MT)
Table 28:Global Maraging Steel Production Value Market Share by Type (2020-2025)
Table 29:Global Maraging Steel Production Value Market Share by Type (2026-2031)
Table 30:Major Manufacturers of Aerospace
Table 31:Major Manufacturers of Hydrospace
Table 32:Major Manufacturers of Tooling
Table 33:Global Maraging Steel Production by Application 2020 VS 2024 VS 2031 (MT)
Table 34:Global Maraging Steel Production by Application (2020-2025) & (MT)
Table 35:Global Maraging Steel Production by Application (2026-2031) & (MT)
Table 36:Global Maraging Steel Production Market Share by Application (2020-2025)
Table 37:Global Maraging Steel Production Market Share by Application (2026-2031)
Table 38:Global Maraging Steel Production Value by Application 2020 VS 2024 VS 2031 (MT)
Table 39:Global Maraging Steel Production Value by Application (2020-2025) & (MT)
Table 40:Global Maraging Steel Production Value by Application (2026-2031) & (MT)
Table 41:Global Maraging Steel Production Value Market Share by Application (2020-2025)
Table 42:Global Maraging Steel Production Value Market Share by Application (2026-2031)
Table 43:Hitachi Metals Company Information
Table 44:Hitachi Metals Business Overview
Table 45:Hitachi Metals Maraging Steel Production (MT), Value (US$ Million), Price (K USD/MT) and Gross Margin (2020-2025)
Table 46:Hitachi Metals Maraging Steel Product Portfolio
Table 47:Hitachi Metals Recent Development
Table 48:Universal Stainless Company Information
Table 49:Universal Stainless Business Overview
Table 50:Universal Stainless Maraging Steel Production (MT), Value (US$ Million), Price (K USD/MT) and Gross Margin (2020-2025)
Table 51:Universal Stainless Maraging Steel Product Portfolio
Table 52:Universal Stainless Recent Development
Table 53:Villares Metals Company Information
Table 54:Villares Metals Business Overview
Table 55:Villares Metals Maraging Steel Production (MT), Value (US$ Million), Price (K USD/MT) and Gross Margin (2020-2025)
Table 56:Villares Metals Maraging Steel Product Portfolio
Table 57:Villares Metals Recent Development
Table 58:Dongbei Special Steel Group Company Information
Table 59:Dongbei Special Steel Group Business Overview
Table 60:Dongbei Special Steel Group Maraging Steel Production (MT), Value (US$ Million), Price (K USD/MT) and Gross Margin (2020-2025)
Table 61:Dongbei Special Steel Group Maraging Steel Product Portfolio
Table 62:Dongbei Special Steel Group Recent Development
Table 63:NIPPON KOSHUHA Company Information
Table 64:NIPPON KOSHUHA Business Overview
Table 65:NIPPON KOSHUHA Maraging Steel Production (MT), Value (US$ Million), Price (K USD/MT) and Gross Margin (2020-2025)
Table 66:NIPPON KOSHUHA Maraging Steel Product Portfolio
Table 67:NIPPON KOSHUHA Recent Development
Table 68:Bao steel Company Information
Table 69:Bao steel Business Overview
Table 70:Bao steel Maraging Steel Production (MT), Value (US$ Million), Price (K USD/MT) and Gross Margin (2020-2025)
Table 71:Bao steel Maraging Steel Product Portfolio
Table 72:Bao steel Recent Development
Table 73:Daido Steel Company Information
Table 74:Daido Steel Business Overview
Table 75:Daido Steel Maraging Steel Production (MT), Value (US$ Million), Price (K USD/MT) and Gross Margin (2020-2025)
Table 76:Daido Steel Maraging Steel Product Portfolio
Table 77:Daido Steel Recent Development
Table 78:Aubert & Dural Company Information
Table 79:Aubert & Dural Business Overview
Table 80:Aubert & Dural Maraging Steel Production (MT), Value (US$ Million), Price (K USD/MT) and Gross Margin (2020-2025)
Table 81:Aubert & Dural Maraging Steel Product Portfolio
Table 82:Aubert & Dural Recent Development
Table 83:Bohler Company Information
Table 84:Bohler Business Overview
Table 85:Bohler Maraging Steel Production (MT), Value (US$ Million), Price (K USD/MT) and Gross Margin (2020-2025)
Table 86:Bohler Maraging Steel Product Portfolio
Table 87:Bohler Recent Development
Table 88:Global Maraging Steel Production by Region: 2020 VS 2024 VS 2031 (MT)
Table 89:Global Maraging Steel Production by Region (2020-2025) & (MT)
Table 90:Global Maraging Steel Production Market Share by Region (2020-2025)
Table 91:Global Maraging Steel Production Forecast by Region (2026-2031) & (MT)
Table 92:Global Maraging Steel Production Market Share Forecast by Region (2026-2031)
Table 93:Global Maraging Steel Production Value Comparison by Region: 2020 VS 2024 VS 2031 (US$ Million)
Table 94:Global Maraging Steel Production Value by Region (2020-2025) & (US$ Million)
Table 95:Global Maraging Steel Production Value Share by Region (2020-2025)
Table 96:Global Maraging Steel Production Value by Region (2026-2031) & (US$ Million)
Table 97:Global Maraging Steel Production Value Share by Region: (2026-2031) & (US$ Million)
Table 98:Global Maraging Steel Market Average Price (K USD/MT) by Region (2020-2025)
Table 99:Global Maraging Steel Market Average Price (K USD/MT) by Region (2026-2031)
Table 100:Global Maraging Steel Consumption by Region: 2020 VS 2024 VS 2031 (MT)
Table 101:Global Maraging Steel Consumption by Region (2020-2025) & (MT)
Table 102:Global Maraging Steel Consumption Market Share by Region (2020-2025)
Table 103:Global Maraging Steel Consumption Forecasted by Region (2026-2031) & (MT)
Table 104:Global Maraging Steel Consumption Forecasted Market Share by Region (2026-2031)
Table 105:North America Maraging Steel Consumption Growth Rate by Country: 2020 VS 2024 VS 2031 (MT)
Table 106:North America Maraging Steel Consumption by Country (2020-2025) & (MT)
Table 107:North America Maraging Steel Consumption by Country (2026-2031) & (MT)
Table 108:Europe Maraging Steel Consumption Growth Rate by Country: 2020 VS 2024 VS 2031 (MT)
Table 109:Europe Maraging Steel Consumption by Country (2020-2025) & (MT)
Table 110:Europe Maraging Steel Consumption by Country (2026-2031) & (MT)
Table 111:Asia Pacific Maraging Steel Consumption Growth Rate by Country: 2020 VS 2024 VS 2031 (MT)
Table 112:Asia Pacific Maraging Steel Consumption by Country (2020-2025) & (MT)
Table 113:Asia Pacific Maraging Steel Consumption by Country (2026-2031) & (MT)
Table 114:South America Maraging Steel Consumption Growth Rate by Country: 2020 VS 2024 VS 2031 (MT)
Table 115:South America Maraging Steel Consumption by Country (2020-2025) & (MT)
Table 116:South America Maraging Steel Consumption by Country (2026-2031) & (MT)
Table 117:Middle East & Africa Maraging Steel Consumption Growth Rate by Country: 2020 VS 2024 VS 2031 (MT)
Table 118:Middle East & Africa Maraging Steel Consumption by Country (2020-2025) & (MT)
Table 119:Middle East & Africa Maraging Steel Consumption by Country (2026-2031) & (MT)
Table 120:Key Raw Materials
Table 121:Raw Materials Key Suppliers
Table 122:Maraging Steel Distributors List
Table 123:Maraging Steel Customers List
Table 124:Research Programs/Design for This Report
Table 125:Authors List of This Report
Table 126:Secondary Sources
Table 127:Primary Sources
Figure 1:Maraging Steel Product Image
Figure 2:Global Maraging Steel Production Value (US$ Million), 2020 VS 2024 VS 2031
Figure 3:Global Maraging Steel Production Value (2020-2031) & (US$ Million)
Figure 4:Global Maraging Steel Production Capacity (2020-2031) & (MT)
Figure 5:Global Maraging Steel Production (2020-2031) & (MT)
Figure 6:Global Maraging Steel Average Price (K USD/MT) & (2020-2031)
Figure 7:Global Top 5 and 10 Maraging Steel Players Market Share by Production Value in 2024
Figure 8:Manufacturers Type (Tier 1, Tier 2, and Tier 3): 2020 VS 2024
Figure 9:Grade 200 Image
Figure 10:Grade 250 Image
Figure 11:Grade 300 Image
Figure 12:Grade 350 Image
Figure 13:Global Maraging Steel Production by Type (2020 VS 2024 VS 2031) & (MT)
Figure 14:Global Maraging Steel Production Market Share 2020 VS 2024 VS 2031
Figure 15:Global Maraging Steel Production Market Share by Type (2020-2031)
Figure 16:Global Maraging Steel Production Value by Type (2020 VS 2024 VS 2031) & (MT)
Figure 17:Global Maraging Steel Production Value Share 2020 VS 2024 VS 2031
Figure 18:Global Maraging Steel Production Value Share by Type (2020-2031)
Figure 19:Aerospace Image
Figure 20:Hydrospace Image
Figure 21:Tooling Image
Figure 22:Global Maraging Steel Production by Application (2020 VS 2024 VS 2031) & (MT)
Figure 23:Global Maraging Steel Production Market Share 2020 VS 2024 VS 2031
Figure 24:Global Maraging Steel Production Market Share by Application (2020-2031)
Figure 25:Global Maraging Steel Production Value by Application (2020 VS 2024 VS 2031) & (MT)
Figure 26:Global Maraging Steel Production Value Share 2020 VS 2024 VS 2031
Figure 27:Global Maraging Steel Production Value Share by Application (2020-2031)
Figure 28:Global Maraging Steel Production by Region: 2020 VS 2024 VS 2031 (MT)
Figure 29:Global Maraging Steel Production Market Share by Region: 2020 VS 2024 VS 2031
Figure 30:Global Maraging Steel Production Value Comparison by Region: 2020 VS 2024 VS 2031 (US$ Million)
Figure 31:Global Maraging Steel Production Value Share by Region: 2020 VS 2024 VS 2031
Figure 32:North America Maraging Steel Production Value (2020-2031) & (US$ Million)
Figure 33:Europe Maraging Steel Production Value (2020-2031) & (US$ Million)
Figure 34:Asia-Pacific Maraging Steel Production Value (2020-2031) & (US$ Million)
Figure 35:South America Maraging Steel Production Value (2020-2031) & (US$ Million)
Figure 36:Middle East & Africa Maraging Steel Production Value (2020-2031) & (US$ Million)
Figure 37:North America Maraging Steel Consumption and Growth Rate (2020-2031) & (MT)
Figure 38:North America Maraging Steel Consumption Market Share by Country (2020-2031)
Figure 39:U.S. Maraging Steel Consumption and Growth Rate (2020-2031) & (MT)
Figure 40:Canada Maraging Steel Consumption and Growth Rate (2020-2031) & (MT)
Figure 41:Mexico Maraging Steel Consumption and Growth Rate (2020-2031) & (MT)
Figure 42:Europe Maraging Steel Consumption and Growth Rate (2020-2031) & (MT)
Figure 43:Europe Maraging Steel Consumption Market Share by Country (2020-2031)
Figure 44:Germany Maraging Steel Consumption and Growth Rate (2020-2031) & (MT)
Figure 45:France Maraging Steel Consumption and Growth Rate (2020-2031) & (MT)
Figure 46:U.K. Maraging Steel Consumption and Growth Rate (2020-2031) & (MT)
Figure 47:Italy Maraging Steel Consumption and Growth Rate (2020-2031) & (MT)
Figure 48:Netherlands Maraging Steel Consumption and Growth Rate (2020-2031) & (MT)
Figure 49:Asia Pacific Maraging Steel Consumption and Growth Rate (2020-2031) & (MT)
Figure 50:Asia Pacific Maraging Steel Consumption Market Share by Country (2020-2031)
Figure 51:China Maraging Steel Consumption and Growth Rate (2020-2031) & (MT)
Figure 52:Japan Maraging Steel Consumption and Growth Rate (2020-2031) & (MT)
Figure 53:South Korea Maraging Steel Consumption and Growth Rate (2020-2031) & (MT)
Figure 54:Southeast Asia Maraging Steel Consumption and Growth Rate (2020-2031) & (MT)
Figure 55:India Maraging Steel Consumption and Growth Rate (2020-2031) & (MT)
Figure 56:Australia Maraging Steel Consumption and Growth Rate (2020-2031) & (MT)
Figure 57:South America Maraging Steel Consumption and Growth Rate (2020-2031) & (MT)
Figure 58:South America Maraging Steel Consumption Market Share by Country (2020-2031)
Figure 59:Brazil Maraging Steel Consumption and Growth Rate (2020-2031) & (MT)
Figure 60:Argentina Maraging Steel Consumption and Growth Rate (2020-2031) & (MT)
Figure 61:Chile Maraging Steel Consumption and Growth Rate (2020-2031) & (MT)
Figure 62:Middle East & Africa Maraging Steel Consumption and Growth Rate (2020-2031) & (MT)
Figure 63:Middle East & Africa Maraging Steel Consumption Market Share by Country (2020-2031)
Figure 64:Egypt Maraging Steel Consumption and Growth Rate (2020-2031) & (MT)
Figure 65:South Africa Maraging Steel Consumption and Growth Rate (2020-2031) & (MT)
Figure 66:Israel Maraging Steel Consumption and Growth Rate (2020-2031) & (MT)
Figure 67:Türkiye Maraging Steel Consumption and Growth Rate (2020-2031) & (MT)
Figure 68:GCC Countries Maraging Steel Consumption and Growth Rate (2020-2031) & (MT)
Figure 69:Maraging Steel Value Chain
Figure 70:Manufacturing Cost Structure
Figure 71:Maraging Steel Production Mode & Process
Figure 72:Direct Comparison with Distribution Share
Figure 73:Distributors Profiles
Figure 74:Years Considered
Figure 75:Research Process
Figure 76:Key Executives Interviewed

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Chemical & Material

Global Maraging Steel Market by Size, by Type, by Application, by Region, History and Forecast 2020-2031

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