North America Alloy Steel Market Size & Outlook, 2025-2030
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North America alloy steel market highlights
- The North America alloy steel market generated a revenue of USD 4,834.1 million in 2024.
- The market is expected to grow at a CAGR of 4.5% from 2025 to 2030.
- In terms of segment, low alloy was the largest revenue generating type in 2024.
- High Alloy is the most lucrative type segment registering the fastest growth during the forecast period.
- Country-wise, U.S. is expected to register the highest CAGR from 2025 to 2030.
North America data book summary
| Market revenue in 2024 | USD 4,834.1 million |
| Market revenue in 2030 | USD 6,046.5 million |
| Growth rate | 4.5% (CAGR from 2025 to 2030) |
| Largest segment | Low alloy |
| Fastest growing segment | High Alloy |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Low Alloy, High Alloy |
Other key industry trends
- In terms of revenue, North America region accounted for 5.9% of the global alloy steel market in 2024.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 91,149.5 million by 2030.
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Alloy Steel Market Scope
Alloy Steel Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| JFE Steel | View profile | 10001+ | Tokyo, Tokyo, Japan, Asia | https://www.jfe-steel.co.jp/en |
| Hbis Group | View profile | 11-50 | Shijiazhuang, Hebei, China, Asia | https://www.hbisco.com |
| POSCO E&C | View profile | 5001-10000 | Pohang, Kyongsang-bukto, South Korea, Asia | http://www.poscoenc.com |
| ArcelorMittal | View profile | 10001+ | Luxembourg, Luxembourg, Luxembourg, Europe | https://corporate.arcelormittal.com/ |
| Hyundai Steel | View profile | 10001+ | Seoul, Seoul-t'ukpyolsi, South Korea, Asia | https://www.hyundai-steel.com |
| Steel Authority Of India Ltd DR | View profile | 59186 | Lodi Road, Ispat Bhawan, New Delhi, India, 110003 | https://www.sail.co.in |
| Kobe Steel Ltd | View profile | 44938 | 2-4, Wakinohama-Kaigandori 2-chome, Chuo-ku, Kobe, Hyogo, Japan, 651-8585 | http://www.kobelco.co.jp |
| Aperam | View profile | 5001-10000 | Luxembourg, Luxembourg, Luxembourg, Europe | http://www.aperam.com |
| BAOSTEEL | View profile | 10001+ | Shanghai, Shanghai, China, Asia | http://www.baosteel.com/group_en/ |
| Carpenter Technology Corp | View profile | 4500 | 1735 Market Street, 15th Floor, Philadelphia, PA, United States, 19103 | https://www.carpentertechnology.com |
| Outokumpu Oyj Class A | View profile | 8776 | Salmisaarenranta 11, Helsinki, Finland, FI-00180 | https://www.outokumpu.com |
| Thyssenkrupp AG | View profile | 100202 | ThyssenKrupp Allee 1, Essen, NW, Germany, 45143 | https://www.thyssenkrupp.com |
| Nippon Steel Corp | View profile | 121990 | 6-1, Marunouchi 2-chome, Chiyoda-ku, Tokyo, Japan, 100-8071 | https://www.nipponsteel.com |
| Tata Steel Ltd GDR - 144A | View profile | 73496 | 24 Homi Mody Street, Bombay House, Fort, Mumbai, MH, India, 400 001 | https://www.tatasteel.com |
North America alloy steel market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to alloy steel market will help companies and investors design strategic landscapes.
Low alloy was the largest segment with a revenue share of 63.36% in 2024. Horizon Databook has segmented the North America alloy steel market based on low alloy, high alloy covering the revenue growth of each sub-segment from 2018 to 2030.
North America’s alloy steel market is anticipated to grow significantly over the forecast period. The automotive sector is one of the key drivers of demand for alloy steel in North America. As the region experiences a shift towards EVs, the need for advanced materials that can offer both strength and lightness become crucial. Alloy steel is essential in manufacturing critical automotive components such as engines, transmission systems, and chassis, as well as in structural elements of EVs.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America alloy steel market , including forecasts for subscribers. This continent databook contains high-level insights into North America alloy steel market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America alloy steel market size, by country, 2018-2030 (US$M)
North America Alloy Steel Market Outlook Share, 2024 & 2030 (US$M)
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