Voestalpine, Sandvik Profiled in Tool Steel Market Report 2024 - Voestalpine, Nachi-Fujikoshi Corp, Samuel, Son & Co, Eramet SA, Buderus Edelstahl GmbH, BOHLER, Baosteel
Asia Pacific tool steel market from injection molding applications should surpass USD 990 million by 2024. The region is witnessing increased demand for molded plastic products from the packaging, construction and transportation industry owing to their light weight, toughness, heat and chemical resistance. Tool steel possesses good machinability, excellent polishability, weldability and photo-etching features owing to its low sulfur content, which makes it suitable for manufacturing injection molds and should stimulate market growth.
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