FREE MACHINING STEEL MARKET ANALYSIS

Free Machining Steel Market, by Type (Sulfur Free Cutting Steel, Lead Free Cutting Steel, Calcium Free Cutting Steel, Others (Rephosporized Free Cutting Steel)) by Application (Lathe Processing, Electronics Industry, Automotive and Others (Office Equipments, Household Appliances, etc.)), and by Region (North America, Latin America, Asia Pacific, Europe, and Middle East & Africa) Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030

Published In : Nov 2022
Code : CMI5368
Pages :154
Formats :
Excel and PDF
Industry : Advanced Materials

Regional Analysis

Region: North America, Latin America, Europe, Asia Pacific, and Middle East & Africa

Among regions, Asia Pacific held dominant position in the global free machining steel market in 2021, accounting for 64.3% market share in terms of volume, followed by North America and Europe. The growth of the electronics industry in this Asia Pacific region is driving the growth of the free machining steel market in this region. For instance, according to India Brand Equity Foundation report in June 2022, India has grown its domestic electronics production from US$ 29 billion in financial year 2014-15 to US$ 67 billion in 2020-21.