According to a new research report by Global Market Insights, the tool steel market is set to grow from its current market value of more than US$4.5 billion to over US$6.5 billion by 2024.
The demand for forging and cutting instruments worldwide has driven growth the overall tool steel market in recent years from the aerospace, automotive, energy and food & packaging segments.
Properties like wear resistance, higher thermal conductivity and cost-effective production have considerably influenced the product usage rate.
Prominent applications of the products including injection molding and die work are expected to provide remarkable thrust to the development of the tool steel industry. Constant demand for such products will supplement the proliferation of the packaging industry, eventually driving the tool steel market growth. Traditionally, plastic has been used for injection molded containers but rising environmental concerns associated with plastic waste have hampered the industry popularity to some extent.
Hubei Rising Tool Steel Mill
AISI/ASTM H13、 H11、H10、 D2、 D6、 O1， O2、P20+Ni、420
DIN/W.Nr 1.2344、1.2367、1.2343、1.2714、1.2379、1.2842、1.2085、1.2083、1.2676
