Report overview
The global Manganese Boron Steel market was valued at US$ million in 2023 and is projected to reach US$ million by 2030, at a CAGR of % during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The U.S. Market is Estimated at $ Million in 2023, While China is Forecast to Reach $ Million.
Manganese Boron Steel for Welded Structures Segment to Reach $ Million by 2030, with a % CAGR in next six years.
The global key manufacturers of Manganese Boron Steel include Bilstein Group, ITLA Bonaiti, Salzgitter, POSCO, Nippon Steel Corporation, ThyssenKrupp AG, Tata Steel, AK Steel and SSAB AB, etc. in 2023, the global top five players have a share approximately % in terms of revenue.
Manganese-boron steel is an advanced high-strength steel (AHSS) commonly used in automobile industry. It is a low carbon steel alloy with a small amount of manganese and boron. The addition of manganese improves the strength and toughness of steel, while boron as a hardener increases the hardness and strength of steel. Manganese-boron steel is famous for its excellent formability, weldability and machinability. It can also resist deformation and cracking during the stamping process, which makes it an ideal material for automotive components requiring complex shape and high strength (such as safety components, chassis components and suspension systems).
This report aims to provide a comprehensive presentation of the global market for Manganese Boron Steel, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Manganese Boron Steel. This report contains market size and forecasts of Manganese Boron Steel in global, including the following market information:
Global Manganese Boron Steel Market Revenue, 2019-2024, 2025-2030, ($ millions)
Global Manganese Boron Steel Market Sales, 2019-2024, 2025-2030, (Tons)
Global top five Manganese Boron Steel companies in 2023 (%)
We surveyed the Manganese Boron Steel manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Manganese Boron Steel Market, by Type, 2019-2024, 2025-2030 ($ Millions) & (Tons)
Global Manganese Boron Steel Market Segment Percentages, by Type, 2023 (%)
Manganese Boron Steel for Welded Structures
Manganese Boron Steel for Cold Forming
Global Manganese Boron Steel Market, by Application, 2019-2024, 2025-2030 ($ Millions) & (Tons)
Global Manganese Boron Steel Market Segment Percentages, by Application, 2023 (%)
Automotive Industry
Construction
Aerospace
Energy Industry
Agriculture
Global Manganese Boron Steel Market, By Region and Country, 2019-2024, 2025-2030 ($ Millions) & (Tons)
Global Manganese Boron Steel Market Segment Percentages, By Region and Country, 2023 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Manganese Boron Steel revenues in global market, 2019-2024 (Estimated), ($ millions)
Key companies Manganese Boron Steel revenues share in global market, 2023 (%)
Key companies Manganese Boron Steel sales in global market, 2019-2024 (Estimated), (Tons)
Key companies Manganese Boron Steel sales share in global market, 2023 (%)
Further, the report presents profiles of competitors in the market, key players include:
Bilstein Group
ITLA Bonaiti
Salzgitter
POSCO
Nippon Steel Corporation
ThyssenKrupp AG
Tata Steel
AK Steel
SSAB AB
United States Steel Corporation
Wuhan Iron and Steel Corporation
Kobe Steel Ltd.
China Steel Corporation
Ansteel Group Corporation Limited
Hyundai Steel Co.
Shougang Corporation
Maanshan Iron & Steel Company Limited
Shandong Iron and Steel Group Co., Ltd.
JSW Steel Ltd.
China Baowu Steel Group Corporation Limited
ArcelorMittal
Baosteel Group Corporation
Outline of Major Chapters:
Chapter 1: Introduces the definition of Manganese Boron Steel, market overview.
Chapter 2: Global Manganese Boron Steel market size in revenue and volume.
Chapter 3: Detailed analysis of Manganese Boron Steel manufacturers competitive landscape, price, sales and revenue market share, latest development plan, 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: Sales of Manganese Boron 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 of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global Manganese Boron Steel capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.
