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PUBLISHER: Grand View Research | PRODUCT CODE: 1679449
PUBLISHER: Grand View Research | PRODUCT CODE: 1679449
Low Alloy Steel Market Size, Share & Trends Analysis Report By Product, By End Use, By Region, And Segment Forecasts, 2025 - 2030
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Low Alloy Steel Market Growth & Trends:
The global low alloy steel market size is anticipated to reach USD 75.43 billion by 2030, growing at a CAGR of 7.2% from 2025 to 2030, according to a new report by Grand View Research, Inc. Low alloy steels typically contain a small percentage of alloying elements like chromium, nickel, molybdenum, and vanadium, which enhance their mechanical properties, such as strength, hardness, and resistance to wear. These steels are cost-effective compared to high alloy and stainless steels, making them attractive for manufacturers looking to balance performance and budget. The automotive, construction, and energy sectors are some of the primary consumers of low alloy steel due to its high strength-to-weight ratio and durability under extreme conditions.
One of the major growth drivers of the low alloy steel industry is the rising demand from the automotive industry. As automakers strive to meet fuel efficiency standards and improve vehicle performance, they turn to low alloy steel for lightweight but strong materials that can enhance the safety and performance of vehicles. Low alloy steel's ability to absorb impact energy and resist fatigue makes it particularly valuable for components like chassis, suspension systems, and structural parts. Furthermore, the increasing use of EVs is driving further demand for low alloy steel due to its potential to reduce weight without compromising structural integrity.
The construction industry also significantly contributes to the low alloy steel industry, as these materials produce structural steel, beams, and reinforcement bars. Low alloy steels are preferred for construction applications because of their resistance to corrosion and ability to withstand high stress and pressure. Moreover, the development of new architectural designs, especially in high-rise buildings and bridges, has spurred the need for advanced materials that provide strength and flexibility. With the rise of infrastructure development in emerging markets, the demand for low alloy steel is expected to continue growing.
The energy sector, particularly in oil and gas, relies on low alloy steel for pipeline applications, drilling rigs, and pressure vessels. These steels are crucial for operations in harsh environments where resistance to corrosion and high-temperature strength are necessary. The increasing demand for energy, particularly in offshore and deep-water drilling projects, has led to a rise in the adoption of low alloy steel due to its ability to withstand extreme conditions. The continued expansion of renewable energy projects, such as wind turbines and solar power stations, is another area where low alloy steel is finding new applications, driven by the need for durable, cost-effective materials.
Low Alloy Steel Market Report Highlights:
- Based on product, HSLA steel dominated the market with a share of 35.0% in 2024 due to their widespread use in automotive, construction, and infrastructure sectors for manufacturing high-strength components.
- Based on end use, the energy & power industry is anticipated to register the fastest CAGR of 7.6% over the forecast period. The global shift towards cleaner energy sources and the expansion of power plants boost the need for advanced low alloy steel in energy production.
- Asia Pacific was the dominant region for low alloy steel with a revenue share of 75.0% in 2024. The regional growth is driven by rapid industrialization, particularly in countries such as China, India, and Japan, where demand for steel in automotive, construction, and manufacturing is growing.
Product Code: GVR-4-68040-516-5
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Information Analysis
- 1.3.2. Data Analysis Models
- 1.3.3. Market Formulation & Data Visualization
- 1.3.4. Data Validation & Publishing
- 1.4. Research Scope and Assumptions
- 1.4.1. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segmental Outlook
- 2.3. Competitive Outlook
Chapter 3. Market Variables, Trends, and Scope
- 3.1. Global Low Alloy Steel Market Outlook
- 3.2. Industry Value Chain Analysis
- 3.2.1. Sales Channel Analysis
- 3.2.2. Raw Material Trends
- 3.3. Technology Overview
- 3.4. Regulatory Framework
- 3.5. Market Dynamics
- 3.5.1. Market Driver Analysis
- 3.5.2. Market Restraint Analysis
- 3.5.3. Market Opportunity Analysis
- 3.5.4. Market Challenges
- 3.6. Porter's Five Forces Analysis
- 3.6.1. Bargaining Power of Suppliers
- 3.6.2. Bargaining Power of Buyers
- 3.6.3. Threat of Substitution
- 3.6.4. Threat of New Entrants
- 3.6.5. Competitive Rivalry
- 3.7. PESTLE Analysis
- 3.7.1. Political
- 3.7.2. Economic
- 3.7.3. Social Landscape
- 3.7.4. Technology
- 3.7.5. Environmental
- 3.7.6. Legal
Chapter 4. Low Alloy Steel Market: Product Estimates & Trend Analysis
- 4.1. Low Alloy Steel Market: Product Movement Analysis, 2024 & 2030
- 4.2. High-Strength Low Alloy Steel
- 4.2.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 4.3. Quenched & Tempered Steel
- 4.3.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 4.4. Weathering Steel
- 4.4.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 4.5. Others
- 4.5.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
Chapter 5. Low Alloy Steel Market: End Use Estimates & Trend Analysis
- 5.1. Low Alloy Steel Market: End Use Movement Analysis, 2024 & 2030
- 5.2. Automotive
- 5.2.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 5.3. Building & Construction
- 5.3.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 5.4. Energy & Power
- 5.4.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 5.5. Oil & Gas
- 5.5.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 5.6. Others
- 5.6.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
Chapter 6. Low Alloy Steel Market: Regional Estimates & Trend Analysis
- 6.1. Regional Analysis, 2024 & 2030
- 6.2. North America
- 6.2.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 6.2.2. Market estimates and forecasts, by product, 2018 - 2030 (Kilotons) (USD Million)
- 6.2.3. Market estimates and forecasts, by end use, 2018 - 2030 (Kilotons) (USD Million)
- 6.2.4. U.S.
- 6.2.4.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 6.2.4.2. Market estimates and forecasts, by product, 2018 - 2030 (Kilotons) (USD Million)
- 6.2.4.3. Market estimates and forecasts, by end use, 2018 - 2030 (Kilotons) (USD Million)
- 6.2.5. Canada
- 6.2.5.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 6.2.5.2. Market estimates and forecasts, by product, 2018 - 2030 (Kilotons) (USD Million)
- 6.2.5.3. Market estimates and forecasts, by end use, 2018 - 2030 (Kilotons) (USD Million)
- 6.2.6. Mexico
- 6.2.6.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 6.2.6.2. Market estimates and forecasts, by product, 2018 - 2030 (Kilotons) (USD Million)
- 6.2.6.3. Market estimates and forecasts, by end use, 2018 - 2030 (Kilotons) (USD Million)
- 6.3. Europe
- 6.3.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 6.3.2. Market estimates and forecasts, by product, 2018 - 2030 (Kilotons) (USD Million)
- 6.3.3. Market estimates and forecasts, by end use, 2018 - 2030 (Kilotons) (USD Million)
- 6.3.4. Germany
- 6.3.4.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 6.3.4.2. Market estimates and forecasts, by product, 2018 - 2030 (Kilotons) (USD Million)
- 6.3.4.3. Market estimates and forecasts, by end use, 2018 - 2030 (Kilotons) (USD Million)
- 6.3.5. France
- 6.3.5.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 6.3.5.2. Market estimates and forecasts, by product, 2018 - 2030 (Kilotons) (USD Million)
- 6.3.5.3. Market estimates and forecasts, by end use, 2018 - 2030 (Kilotons) (USD Million)
- 6.3.6. Russia
- 6.3.6.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 6.3.6.2. Market estimates and forecasts, by product, 2018 - 2030 (Kilotons) (USD Million)
- 6.3.6.3. Market estimates and forecasts, by end use, 2018 - 2030 (Kilotons) (USD Million)
- 6.3.7. Italy
- 6.3.7.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 6.3.7.2. Market estimates and forecasts, by product, 2018 - 2030 (Kilotons) (USD Million)
- 6.3.7.3. Market estimates and forecasts, by end use, 2018 - 2030 (Kilotons) (USD Million)
- 6.4. Asia Pacific
- 6.4.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 6.4.2. Market estimates and forecasts, by product, 2018 - 2030 (Kilotons) (USD Million)
- 6.4.3. Market estimates and forecasts, by end use, 2018 - 2030 (Kilotons) (USD Million)
- 6.4.4. China
- 6.4.4.1. Market estimates and forecasts, by product, 2018 - 2030 (Kilotons) (USD Million)
- 6.4.4.2. Market estimates and forecasts, by end use, 2018 - 2030 (Kilotons) (USD Million)
- 6.4.5. India
- 6.4.5.1. Market estimates and forecasts, by product, 2018 - 2030 (Kilotons) (USD Million)
- 6.4.5.2. Market estimates and forecasts, by end use, 2018 - 2030 (Kilotons) (USD Million)
- 6.4.6. Japan
- 6.4.6.1. Market estimates and forecasts, by product, 2018 - 2030 (Kilotons) (USD Million)
- 6.4.6.2. Market estimates and forecasts, by end use, 2018 - 2030 (Kilotons) (USD Million)
- 6.4.7. Indonesia
- 6.4.7.1. Market estimates and forecasts, by product, 2018 - 2030 (Kilotons) (USD Million)
- 6.4.7.2. Market estimates and forecasts, by end use, 2018 - 2030 (Kilotons) (USD Million)
- 6.5. Central & South America
- 6.5.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 6.5.2. Market estimates and forecasts, by product, 2018 - 2030 (Kilotons) (USD Million)
- 6.5.3. Market estimates and forecasts, by end use, 2018 - 2030 (Kilotons) (USD Million)
- 6.5.4. Brazil
- 6.5.4.1. Market estimates and forecasts, by product, 2018 - 2030 (Kilotons) (USD Million)
- 6.5.4.2. Market estimates and forecasts, by end use, 2018 - 2030 (Kilotons) (USD Million)
- 6.6. Middle East & Africa
- 6.6.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 6.6.2. Market estimates and forecasts, by product, 2018 - 2030 (Kilotons) (USD Million)
- 6.6.3. Market estimates and forecasts, by end use, 2018 - 2030 (Kilotons) (USD Million)
- 6.6.4. Saudi Arabia
- 6.6.4.1. Market estimates and forecasts, by product, 2018 - 2030 (Kilotons) (USD Million)
- 6.6.4.2. Market estimates and forecasts, by end use, 2018 - 2030 (Kilotons) (USD Million)
Chapter 7. Competitive Landscape
- 7.1. Recent Developments & Impact Analysis, By Key Market Participants
- 7.2. Company Categorization
- 7.3. Heat Map Analysis
- 7.4. Vendor Landscape
- 7.4.1. List of equipment suppliers
- 7.4.2. List of distributors
- 7.5. List of prospective end users
- 7.6. Strategy Initiatives by End Users
- 7.7. Company Profiles/Listing
- 7.7.1. Kobe Steel
- 7.7.1.1. Company Overview
- 7.7.1.2. Financial Performance
- 7.7.1.3. Product Benchmarking
- 7.7.2. SAIL
- 7.7.2.1. Company Overview
- 7.7.2.2. Financial Performance
- 7.7.2.3. Product Benchmarking
- 7.7.3. Outokumpu
- 7.7.3.1. Company Overview
- 7.7.3.2. Financial Performance
- 7.7.3.3. Product Benchmarking
- 7.7.4. Thyssenkrupp
- 7.7.4.1. Company Overview
- 7.7.4.2. Financial Performance
- 7.7.4.3. Product Benchmarking
- 7.7.5. Baoshan Iron Steel
- 7.7.5.1. Company Overview
- 7.7.5.2. Financial Performance
- 7.7.5.3. Product Benchmarking
- 7.7.6. HBIS Group
- 7.7.6.1. Company Overview
- 7.7.6.2. Financial Performance
- 7.7.6.3. Product Benchmarking
- 7.7.7. Carpenter Technology
- 7.7.7.1. Company Overview
- 7.7.7.2. Financial Performance
- 7.7.7.3. Product Benchmarking
- 7.7.8. POSCO
- 7.7.8.1. Company Overview
- 7.7.8.2. Financial Performance
- 7.7.8.3. Product Benchmarking
- 7.7.9. JFE Steel
- 7.7.9.1. Company Overview
- 7.7.9.2. Financial Performance
- 7.7.9.3. Product Benchmarking
- 7.7.10. Hyundai Steel
- 7.7.10.1. Company Overview
- 7.7.10.2. Financial Performance
- 7.7.10.3. Product Benchmarking
- 7.7.11. Aperam
- 7.7.11.1. Company Overview
- 7.7.11.2. Financial Performance
- 7.7.11.3. Product Benchmarking
- 7.7.12. Nippon Steel
- 7.7.12.1. Company Overview
- 7.7.12.2. Financial Performance
- 7.7.12.3. Product Benchmarking
- 7.7.13. ArcelorMittal
- 7.7.13.1. Company Overview
- 7.7.13.2. Financial Performance
- 7.7.13.3. Product Benchmarking
- 7.7.14. Tata Steel
- 7.7.14.1. Company Overview
- 7.7.14.2. Financial Performance
- 7.7.14.3. Product Benchmarking
- 7.7.1. Kobe Steel
Product Code: GVR-4-68040-516-5
List of Tables
- TABLE 1 Low alloy steel market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
- TABLE 2 Low alloy steel market estimates and forecasts, by product, 2018 - 2030 (USD Million) (Kilotons)
- TABLE 3 Low alloy steel market estimates and forecasts, by end use, 2018 - 2030 (USD Million) (Kilotons)
- TABLE 4 North America low alloy steel market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
- TABLE 5 North America low alloy steel market estimates & forecasts, by product, 2018 - 2030 (USD Million) (Kilotons)
- TABLE 6 North America low alloy steel market estimates & forecasts, by end use, 2018 - 2030 (USD Million) (Kilotons)
- TABLE 7 U.S. low alloy steel market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
- TABLE 8 U.S. low alloy steel market estimates & forecasts, by product, 2018 - 2030 (USD Million) (Kilotons)
- TABLE 9 U.S. low alloy steel market estimates & forecasts, by end use, 2018 - 2030 (USD Million) (Kilotons) (Kilotons)
- TABLE 10 Canada low alloy steel market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
- TABLE 11 Canada low alloy steel market estimates & forecasts, by product, 2018 - 2030 (USD Million) (Kilotons)
- TABLE 12 Canada low alloy steel market estimates & forecasts, by end use, 2018 - 2030 (USD Million) (Kilotons)
- TABLE 13 Mexico low alloy steel market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
- TABLE 14 Mexico low alloy steel market estimates & forecasts, by product, 2018 - 2030 (USD Million) (Kilotons)
- TABLE 15 Mexico low alloy steel market estimates & forecasts, by end use, 2018 - 2030 (USD Million) (Kilotons)
- TABLE 16 Europe low alloy steel market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
- TABLE 17 Europe low alloy steel market estimates & forecasts, by product, 2018 - 2030 (USD Million) (Kilotons)
- TABLE 18 Europe low alloy steel market estimates & forecasts, by end use, 2018 - 2030 (USD Million) (Kilotons)
- TABLE 19 Germany low alloy steel market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
- TABLE 20 Germany low alloy steel market estimates & forecasts, by product, 2018 - 2030 (USD Million) (Kilotons)
- TABLE 21 Germany low alloy steel market estimates & forecasts, by end use, 2018 - 2030 (USD Million) (Kilotons)
- TABLE 22 France low alloy steel market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
- TABLE 23 France low alloy steel market estimates & forecasts, by product, 2018 - 2030 (USD Million) (Kilotons)
- TABLE 24 France low alloy steel market estimates & forecasts, by end use, 2018 - 2030 (USD Million) (Kilotons)
- TABLE 25 Russia low alloy steel market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
- TABLE 26 Russia low alloy steel market estimates & forecasts, by product, 2018 - 2030 (USD Million) (Kilotons)
- TABLE 27 Russia low alloy steel market estimates & forecasts, by end use, 2018 - 2030 (USD Million) (Kilotons)
- TABLE 28 Italy low alloy steel market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
- TABLE 29 Italy low alloy steel market estimates & forecasts, by product, 2018 - 2030 (USD Million) (Kilotons)
- TABLE 30 Italy low alloy steel market estimates & forecasts, by end use, 2018 - 2030 (USD Million) (Kilotons)
- TABLE 31 Asia Pacific low alloy steel market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
- TABLE 32 Asia Pacific low alloy steel market estimates & forecasts, by product, 2018 - 2030 (USD Million) (Kilotons)
- TABLE 33 Asia Pacific low alloy steel market estimates & forecasts, by end use, 2018 - 2030 (USD Million) (Kilotons)
- TABLE 34 China low alloy steel market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
- TABLE 35 China low alloy steel market estimates & forecasts, by product, 2018 - 2030 (USD Million) (Kilotons)
- TABLE 36 China low alloy steel market estimates & forecasts, by end use, 2018 - 2030 (USD Million) (Kilotons)
- TABLE 37 India low alloy steel market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
- TABLE 38 India low alloy steel market estimates & forecasts, by product, 2018 - 2030 (USD Million) (Kilotons)
- TABLE 39 India low alloy steel market estimates & forecasts, by end use, 2018 - 2030 (USD Million) (Kilotons)
- TABLE 40 Japan low alloy steel market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
- TABLE 41 Japan low alloy steel market estimates & forecasts, by product, 2018 - 2030 (USD Million) (Kilotons)
- TABLE 42 Japan low alloy steel market estimates & forecasts, by end use, 2018 - 2030 (USD Million) (Kilotons)
- TABLE 43 Indonesia low alloy steel market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
- TABLE 44 Indonesia low alloy steel market estimates & forecasts, by product, 2018 - 2030 (USD Million) (Kilotons)
- TABLE 45 Indonesia low alloy steel market estimates & forecasts, by end use, 2018 - 2030 (USD Million) (Kilotons)
- TABLE 46 CSA low alloy steel market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
- TABLE 47 CSA low alloy steel market estimates & forecasts, by product, 2018 - 2030 (USD Million) (Kilotons)
- TABLE 48 CSA low alloy steel market estimates & forecasts, by end use, 2018 - 2030 (USD Million) (Kilotons)
- TABLE 49 Brazil low alloy steel market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
- TABLE 50 Brazil low alloy steel market estimates & forecasts, by product, 2018 - 2030 (USD Million) (Kilotons)
- TABLE 51 Brazil low alloy steel market estimates & forecasts, by end use, 2018 - 2030 (USD Million) (Kilotons)
- TABLE 52 Middle East & Africa low alloy steel market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
- TABLE 53 Middle East & Africa low alloy steel market estimates & forecasts, by product, 2018 - 2030 (USD Million) (Kilotons)
- TABLE 54 Middle East & Africa low alloy steel market estimates & forecasts, by end use, 2018 - 2030 (USD Million) (Kilotons)
- TABLE 55 Saudi Arabia low alloy steel market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
- TABLE 56 Saudi Arabia low alloy steel market estimates & forecasts, by product, 2018 - 2030 (USD Million) (Kilotons)
- TABLE 57 Saudi Arabia low alloy steel market estimates & forecasts, by end use, 2018 - 2030 (USD Million) (Kilotons)
List of Figures
- FIG. 1 Market segmentation
- FIG. 2 Information procurement
- FIG. 3 Data analysis models
- FIG. 4 Market formulation and validation
- FIG. 5 Market snapshot
- FIG. 6 Segmental outlook - Application
- FIG. 7 Competitive outlook
- FIG. 8 Low alloy steel market outlook, 2018 - 2030 (USD Million) (Kilotons)
- FIG. 9 Value chain analysis
- FIG. 10 Market dynamics
- FIG. 11 Porter's analysis
- FIG. 12 PESTEL analysis
- FIG. 13 Low Alloy Steel market, by product: Key takeaways
- FIG. 14 Low Alloy Steel market, by product: Market share, 2024 & 2030
- FIG. 15 Low Alloy Steel market, by end use: Key takeaways
- FIG. 16 Low Alloy Steel market, by end use: Market share, 2024 & 2030
- FIG. 17 Low Alloy Steel market: Regional analysis, 2024
- FIG. 18 Low Alloy Steel market, by region: Key takeaways
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