1. © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com Fuel Cell Market size worth $25.5bn by 2024 Tool Steel Market Research Reports & Industry Analysis, 2017 – 2024: Global Market Insights Inc.

2. © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com  Asia Pacific is expected to witness highest growth in the global tool steel market in the coming future owing to high economic growth and increased investments by several government and leading industry players in the region to carry out inventions in the field of product. In addition, rise in disposable income of the middle-class population and rapid industrialization in the region is driving tool steel market in various industries including automotive, aviation, mining, and medical. China, Japan and India are leading players in region. Regional Analysis of Tool Steel Market :

3. © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com Application Analysis of Tool Steel Market :  Cutting instrument applications are leading the overall tool steel market demand owing to the growing applications of metal cutting for complex and critical components with comfort and utmost accuracy. Cutting of material can be carried out by single point or multiple tolls. Better known as cutter, they are particularly used as single point cutting instruments for various processes which include turning, planning, shaping and similar operations. One edge cutting technique is expected to lead the overall cutting technologies. Increasing tool steel market demand for end users is projected to remain one of the vital growth drivers for cutting instruments in the forecasted period.  Automotive industry is the fastest growing end user of product and is projected to lead the overall tool steel market globally in coming years. It is used to manufacture pumps, injectors, valves, inserts, turbocharges, pistons, valve seats, valve balls and valve needles. They are also used in the molding of plastics to manufacture tail lamps, inner panels and headlamps of automobiles. Rising global demand for automotive and growing mechanization in automotive industry has boosted tool steel market in this industry.

4. © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com  Global tool steel market is fragmented as there is no major player for manufacturing of the product. Key industry players are Hudson, Qilu Special, Sandvik Materials Technology AB, Samuel Son, Voestalpine, Fushun Special, TG, Nachi-Fujikoshi, Schmolz + Bickenbach, Hitachi, ERAMET and Universal Stainless. Some of the other prominent players include ThyssenKrupp, Friedr. Lohmann, Alloy Tool Steel, Daido, Kennametal and ArcelorMittal. Competitive Market Share of Tool Steel Market :

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