Special Steel Market is classified,
by application into Construction, Energy, Shipping, Packaging, Housing,
Automotive, Consumer Appliances, and others. Construction segment accounted for
the largest market share of the Special Steel Market and is expected to lead
the overall market. Special Steel Market is segmented, geographically into
North America, Europe (Eastern Europe, Western Europe), Asia Pacific, Latin
America, Middle East and Africa.
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Global Special Steel Market is
segmented based on types, shape of steel, application, and region. Special
steel is defined as steel that is used in the production of special items or
parts. Special steel consists of alloy special steel and carbon steel. By
taking advantage of specific chemistries and elements, special steels such as
stainless and weathering provide corrosion protection.
It has been projected that
Special Steel Market will grow at a significant rate over the
forecast period as the scope and its application are rising enormously across
the globe, the reason being increase in the automotive and construction
industry throughout the world. Moreover, no instant substitutes of steel have
made steel products a main part of daily lives of the people. Special Steel
Market is classified, by type into Alloy Steel, Carbon Steel, Gear Steel,
Bearing Steel, Spring Steel, and others. Carbon steel segment held the largest
market share of the Special Steel Market and is expected to lead the overall
market during the forecast period. Carbon steel is a mild steel that contains
low percentage of carbon and is the most common form of steel.
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