According to Cognitive Market Research, the global Special Steel Market size is USD 199848.2 million in 2024 and will expand at a compound annual growth rate (CAGR) of 4.00% from 2024 to 2031.
North America was the major market, accounting for more than 40% of global revenue. With a market size of USD 79939.28 million in 2024, it will grow at a compound annual growth rate (CAGR) of 2.2% from 2024 to 2031.
Europe accounted for a share of over 30% of the global market size of USD 59954.46 million.
Asia Pacific held the market of around 23% of the global revenue with a market size of USD 45965.09 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.0% from 2024 to 2031.
Latin America market of more than 5% of the global revenue with a market size of USD 9992.41 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.4% from 2024 to 2031.
Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 3996.96 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.7% from 2024 to 2031.
The Stainless Steel held the highest Special Steel Market revenue share in 2024.
