The North America region dominates the market share of stainless steel in the global warranty extension market due to the rapid expansion of the automotive sector and the technological advancements are linked to the region’s high demand for the product. Key companies featured: Acerinox SA; Aperam stainless steel; Arcelor Mittal; Baosteel Group; Jindal stainless steel; Nippon Steel Corporation; Outokumpu; POSCO; ThyssenKrupp Stainless GmbH; Yieh United Steel Corp.

New York, U.S., Sept. 26, 2022 (GLOBE NEWSWIRE) — The Global stainless steel market The size was valued at USD 112.23 billion in 2021 and is projected to reach USD 190.82 billion by 2029, growing at a CAGR of 6.2% during the period 2021-2029. according to the latest research report published by Spherical knowledge and advice.

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Stainless steels are iron-based alloys that contain a minimum of about 12% Cr, which is necessary to prevent rust formation in unpolluted environments (hence the designation stainless). Few stainless steels contain more than 30% Cr or less than 50% iron. They obtain their stainless properties by forming an invisible and adherent chromium-rich oxide film. In the presence of oxygen, this oxide forms and heals. Nickel, manganese, molybdenum, copper, titanium, silicon, niobium, aluminum, sulfur and selenium are some of the other elements that have been added to improve specific properties. Carbon is generally present in concentrations ranging from less than 0.03% to more than 1.0% in some grades. Stainless steels can be shaped and manufactured conventionally, with certain restrictions in certain types. They come in cast iron, powder metallurgy (P/M), and forged varieties. Plates, sheets, strips, foils, bars, wires, semi-finished products (blooms, billets and slabs) and pipes and tubes are some of the wrought product forms available.

Browse key industry information spread over 215 pages with 119 market data tables and report figures and graphs”Global stainless steel market Size, Share and Trends, COVID-19 Impact Analysis Report, by Type (Austenitic Stainless Steel, Ferritic Stainless Steel, Duplex Stainless Steel, Martensitic Stainless Steel, Precipitation Hardening Stainless Steel and Others), by Product (Flat , long and others), By Application (Metal Product, Electrical Machinery Building, Auto Parts and Others) and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East and Africa), Analysis and Forecast 2021 – 2030» in detail with the table of contents

The story continues

The demand for stainless steel is increasing at the rate of 5% per year. In 2019, its global production exceeded 52 million tons. Stainless steel is currently used in a wide range of industries. In addition to traditional and marine construction, household appliances are becoming increasingly popular. Although stainless steel is more expensive than mild steel, its superior properties translate to longer life and lower cycle cost. Therefore, the higher initial costs pay off in the long run. The large amount of chrome is its distinguishing feature. Stainless steel contains at least 10.5% chromium which improves corrosion resistance and strength. When exposed to air, the chromium in the alloy forms a passive layer. This layer serves as a barrier against further corrosion, effectively rendering the alloy rust-proof. This mechanism helps maintain a pristine appearance for long periods of time under normal working conditions.

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Stainless steel is used in kitchen utensils, cutlery and accessories. Sharp-edged knife blades are made from less ductile grades of steel. The more ductile steel grades are used for items that need to be molded into shape, such as stoves, grills, sinks and pans. Stainless steel is also used to line refrigerators, freezers, counter tops and dishwashers. Because it does not alter the flavors of foods, stainless steel is ideal for food production and storage. Because some foods, such as orange juice, are acidic, the corrosion resistance of stainless steel is critical. Plus, stainless steel cleans easily, helping to prevent unwanted germs. Stainless steel is also important in the production of ice cream because it allows the use of powerful antibacterial cleaning products.

India is the world’s fifth largest consumer of stainless steel flat products. The domestic consumption of flat stainless steel products in India is about 1.5 million tons, with a reasonable growth rate of about 10% in recent years. There is still huge potential for stainless steel products, as the current per capita consumption is only 1.2 kg per person, compared to China’s consumption of 5 kg per person, and it is heading for rapid growth, as evidenced by the increase in per capita consumption of stainless steel in China as per capita income has increased over the past decade. In fact, the per capita consumption in developed countries is around 15-20 kg. The growth of the Indian economy is expected to increase the demand for stainless steel products, owing to new applications of stainless steel, rising per capita income in India, and increased investment in infrastructure.

For over 70 years, stainless steel has been used with great success in a variety of industries. With each passing year, more applications are discovered as its benefits become more widely recognized. Demand has increased and so has production, making it more affordable than ever. Increased demand leads to increased availability in both standard and non-standard sizes. Additionally, a variety of stainless steel finishes are available for selection. In addition to polished finishes, patterned and colored surfaces are available. This helps to find an option that suits the needs. Stainless steel is also fully recyclable. In fact, scrap represents half of all stainless steel production. As a result, it is a relatively environmentally friendly material.

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The North America region dominates the market share of the global extended warranty market owing to the rapid expansion of the automotive sector and technological advancements are linked to the region’s high demand for the product. Automotive exhaust systems typically contain 45-50% steel.

The Asia-Pacific region is expected to grow at the highest CAGR over the forecast period, as the expansion of the Asia-Pacific market has been boosted by the region’s rapid infrastructure development and increasing technological innovation in the region. ‘steel. China is the country with the largest market share and fastest economic growth in this region.

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An article published in the journal Chemistry and physics of materials describes a unique method of improving the anti-corrosion properties of carbon steel.

​​​​​​​​​​​​​​

Study: Manufacture of a super-hydrophobic Ni–Co/Cu coating with improved corrosion resistance. Image Credit: Guilbaud Stan/Shutterstock.com​​​​​​​

Researchers used electroplating, chemical oxidation and surface trimming to create an ultra-hydrophobic Ni-Co/Cu nanocomposite lamination that can be applied to carbon steel surfaces.

Scanning electron microscopy (SEM), X-ray diffraction (XRD), and water contact angle assessments were used to study surface properties, structures, and wetting characteristics. The results showed that the water contact angle increased to 158.61°, indicating ultra-hydrophobic character.

Carbon Steel Corrosion and How to Prevent It

Due to its decent mechanical qualities and low cost, high strength carbon steel is frequently used in marine engineering. However, its poor corrosion resistance even under moderate operating conditions limits its applicability.

Corrosion can reduce bearing capacity by decreasing its overall size or digging in, leading to massive economic losses and accidents.

Preservative coating or lamination is the most widely used anticorrosive technology among contemporary corrosion prevention technologies, which include cathodic shielding, anticorrosive materials, and coating. Electroplating is one of the most industrially feasible and cost-effective processes for producing metal, alloy, and metal matrix nanoscale composite coatings.

Use of nickel-based nanocomposites

Nickel (Ni) is a popular type of electroplating metal. The main disadvantages of electrodeposited Ni include its low firmness and limited wear resistance.

Researchers have created nanoscale Ni-based composite coatings, such as Ni-CeO₂ coating, to increase the performance of nickel coatings. Making many alloy coatings is another way to improve Ni coating performance. Due to its high resistance to wear and corrosion, the nickel-cobalt (Ni-Co) alloy layer created by electrochemical deposition is essential for the protection of carbon steel. Ni-Co alloy coatings are also more corrosion resistant than Ni coatings.

The inclusion of cobalt atoms causes a deformation of the solid solute framework and a decrease in porosity, which increases the corrosion resistance of the coating. However, the presence of defects such as pitting and hemp points require further improvement in the surface quality and anti-corrosion behavior of nickel-cobalt coatings.

Ultra-hydrophobic Ni-Co lamination has piqued many people’s curiosity in recent years due to its ability to prevent the ingress of corrosive fluids and provide superior corrosion protection.

It is generally recognized that the most important variables in the formation of a super-hydrophobic surface are unique nanostructures and minimum surface energy. By modifying the surface using organic compounds such as 1-dodecanethiol and silane, low surface energy can be easily achieved.

Building a good rough structure is a critical topic for research, and since more complex parameter control is required, obtaining a sufficiently rough nanostructure surface via electrochemical techniques is much more difficult. Additionally, creating rough surfaces requires a higher overvoltage which can have a detrimental effect on the protective effectiveness of the coating.

The fabrication of the rough microstructures greatly limits the practical uses of super-hydrophobic surfaces. Accordingly, it is important to design a simpler method of fabricating a rough structure on the Ni-Co lamination surface.

Electrodeposited copper and copper based alloys are widely used in a wide range of applications. The formation of nanostructures on the surface of copper to generate ultra-hydrophobic influence has received much attention.

Chemical etching is one of the most used procedures to achieve said nanostructures. It has the advantage of being easy to use and inexpensive.

Considering these advantages, a copper coating is used to give Ni-Co an ultra-hydrophobic characteristic.

A copper coating was electrodeposited over a Ni-Co lamination in this study, forming a composite Ni-Co/Cu coating that demonstrated super-hydrophobic properties after being treated with oxidation solution and dodecanethiol modification.

The advantages of this technology are as follows: (1) the high water-repellent impact of Cu-coated surface development has been widely studied, and the procedure is reasonably easy; (2) the need for rigorous control over the development procedure of the nickel-cobalt coating is eliminated. Further, the surface hydrophilicity and corrosion resistance mechanism of the Ni-Co/Cu composite coating were examined.

To conclude

The ultra-hydrophobic Ni-Co/Cu lamination was created on a carbon steel substrate using a two-step electroplating process and dodecanethiol modification to increase corrosion resistance.

The results demonstrated that this approach could increase the protective ability of Ni-Co coatings by preventing hostile media from coming into contact with the substrate, confirming the attractive practical potential of the technology in maritime environments. This technology offers a new way to improve the efficiency of Ni-Co coatings.

Continue reading: The potential of graphene as an environmentally friendly corrosion protection.

Reference

Lin, Z., Zhang, W., Zhang, W., Xu, L., Xue, Y. and Li, W. (2021) Fabrication of super-hydrophobic Ni–Co/Cu coating with heat resistance improved corrosion. Chemistry and physics of materials. Available at: https://www.sciencedirect.com/science/article/pii/S0254058421012864?via%3Dihub

Disclaimer: The views expressed here are those of the author expressed privately and do not necessarily represent the views of AZoM.com Limited T/A AZoNetwork, the owner and operator of this website. This disclaimer forms part of the terms of use of this website.

The recent report on “Automotive Tool Steel Market Report 2022 by Key Players, Types, Applications, Countries, Market Size, Forecast to 2030” Offered by Credible markets, includes an in-depth survey of the geographical landscape, industry size as well as the revenue estimation of the company. In addition, the report also highlights challenges hindering market growth and expansion strategies employed by leading companies in the “automotive tool steel market”.

Global Automotive Tool Steel Market Development Strategy Before and After COVID-19, by Analysis of Business Strategy, Landscape, Type, Application, and Top 20 Countries, covers and analyzes the potential of the global Automotive Tool Steel industry Automotive Tool Steel Providing Statistical Insights on Market Dynamics, Growth Factors, Major Challenges, PEST Analysis and Market Entry Strategy Analysis, Opportunities and Forecast. The biggest strength of the report is to provide companies in the sector with a strategic analysis of the impact of COVID-19. At the same time, this report has analyzed the market of top 20 countries and introduced the market potential of these countries.

Automotive Tool Steel Market: Competition Landscape

The Automotive Tool Steel Market report includes information on product launches, sustainability, and outlook from key vendors including: (SCHMOLZ + BICKENBACH, TG, BaoSteel, ERAMET, Voestalpine, Fushun Special Steel)

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Automotive Tool Steel Market: Segmentation

By types

Carbon tool steel
Alloy tool steel
high speed tool steel

By apps

Tourism vehicle
light commercial vehicle
heavy duty vehicle

Automotive Tool Steel Market: Regional Analysis

The whole regional segmentation has been studied based on recent and future trends, and the market is forecast through the forecast period. The countries covered in the regional analysis of the Global Automotive Tool Steel Market report are US, Canada & Mexico North America, Germany, France, UK, Russia, Italy, Spain, Turkey, the Netherlands, Switzerland, Belgium and the rest of Europe. in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Saudi Arabia, United Arab Emirates, South Africa, Egypt, Israel, the rest of the Middle East and Africa (MEA) as part of the Middle East and Africa (MEA), and Argentina, Brazil and the rest of the South America as part of South America.

Key benefits of the report:

• This study presents the analytical representation of the global Automotive Tool Steel industry together with current trends and future estimations to determine impending pockets of investment.
• The report presents information related to key drivers, restraints, and opportunities, along with a detailed analysis of the global Automotive Tool Steel market share.
• Current market is quantitatively analyzed from 2018 to 2030 to highlight the growth scenario of the global Automotive Tool Steel market.
• Porter’s five forces analysis illustrates the power of buyers and suppliers in the marketplace.
• The report provides a detailed analysis of the Global Automotive Tool Steel Market based on the competitive intensity and how the competition will shape in the coming years.

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Main points covered in the table of contents:

Market overview: It includes six sections, research scope, key manufacturers covered, market fragments by type, Automotive Tool Steel market shares by application, study objectives and years considered.

Market landscape: Here, the global Automotive Tool Steel market opposition is dissected, by value, revenue, transactions, and slice of the pie by organization, market rate, fierce circumstances Latest landscape and patterns, consolidation, development, obtaining and portions of the entire industry of large organizations.

Manufacturer Profiles: Here, the major players of the global Automotive Tool Steel market are considered dependent on region of deals, key elements, net benefit, revenue, cost, and creation.

Market Status and Outlook by Region: In this segment, the report examines net benefit, transactions, revenue, creation, global industry share, CAGR and market size by region. Here, the global automotive tool steel market is thoroughly examined based on regions and countries like North America, Europe, China, India, Japan, and MEA.

Application or end user: This segment of the exploration study demonstrates how extraordinary end-customer/application sections are added in the global Automotive Tool Steel market.

Market forecast: Production side : In this part of the report, the creators focused on the conjecture of creation and creation esteem, the gauge of the main manufacturers and the estimation of the creation and creation esteem by type .

Research results and conclusion: This is one of the last segments of the report where the findings of the investigators and the end of the exploratory study are given.

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Answers to key questions in the report:

• What will be the pace of market development of the Automotive Tool Steel market?
• What are the key factors driving the global automotive tool steel market?
• Who are the main manufacturers on the market?
• What are the market openings, market risks and market outline?
• What are sales volume, revenue, and price analysis of top manufacturers of Automotive Tool Steel market?
• Who are the distributors, traders and dealers of Automotive Tool Steel Market?
• What are the Automotive Tool Steel market opportunities and threats faced by the vendors in the global Automotive Tool Steel Industries?
• What are the deals, revenue, and value review by market types and uses?
• What are the transactions, revenue and value review by business areas?

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Updated by Ibtisam Abbasi on 05/03/2022

Topics Covered

Introduction
Chemical composition
Mechanical properties
Other designations
Manufacturing and heat treatment
Hardening
Annealed
Cold operation
Welding
To forge
Forming
Machinability
Thermal treatment
Hardening

Introduction

Alloy steels include a wide range of steels whose compositions exceed the Si, Va, Cr, Ni, Mo, Mn, B and C limits assigned to carbon steels. These steels contain elements such as chromium, cobalt, nickel, etc.

Compared to carbon steels, alloy steels are much more reactive to mechanical and thermal treatments. Alloy steels can be subjected to unique smelting and deoxidation processes for specific types of applications.

AISI 9310 alloy steel is a low alloy steel containing molybdenum, nickel and chromium. The following data sheet provides an overview of AISI 9310 alloy steel.

Comparison Between Alloy Steel and Carbon Steel

Besides iron and carbon, alloy steel contains a significant amount of alloying materials. Carbon alloy, on the other hand, has a high concentration of carbon and a low fraction of other elements. There is up to 2.1% carbon by weight in carbon alloys; other elements have no minimum level and are generally classified as contaminants. The strength of carbon steel is higher than that of alloy steel.

Chemical composition

Mechanical properties

Hardening

Annealed

Cold operation

Welding

To forge

Forming

Machinability

Thermal treatment

Hardening

Disclaimer: The views expressed herein are those of the author expressed privately and do not necessarily represent the views of AZoM.com Limited T/A AZoNetwork, the owner and operator of this website. This disclaimer forms part of the Terms and conditions of use of this website.

New Jersey, United States – Verified Market Reports has released the latest competent intelligence market research report on the Hot Work Tool Steel Market. The report aims to provide an in-depth and accurate analysis of the Hot Work Tool Steel market, considering market forecasts, competitive intelligence, technical risks, innovations and other relevant data. Its meticulously prepared market intelligence enables market players to understand the most important market trends affecting their business. Readers will learn about significant opportunities in the global hot work tool steel market, along with key factors driving and inhibiting growth.

The research report is an accurate summary of the macro and micro-economic elements that influence the growth of the Hot Work Tool Steel market. This will help market players to make necessary adjustments in their strategies for growth and maintaining their position in the industry. The Hot Work Tool Steel Market is segmented into three categories: Product Type, Application, and Geographical Region. Each segment is thoroughly examined so that players can focus on the high growth segments of the Hot Work Tool Steel market and increase their sales. The competitive landscape is also revealed, allowing players to develop effective strategies and effectively compete in the global Hot Work Tool Steel market.

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Know your current situation in the market! Not only an important element for new products but also for current products given the ever-changing market dynamics. The study allows marketers to stay in touch with current consumer trends and segments where they may face a rapid drop in market share. Find out who you really compete against in the marketplace, with Market Share Analysis and market position, % Market Share and Segmented Revenue of Hot Work Tool Steel Market.

Top Key Players in Hot Work Tool Steel Market Research Report:

Voestalpine, SCHMOLZ + BICKENBACH, Fushun Special Steel, BaoSteel, TG, Nachi-Fujikoshi, Qilu Special Steel, Hitachi, ERAMET, Daido Steel, Sanyo Special Steel, Baowu, Nippon Koshuha Steel, Crucible Industries, ArcelorMittal, GMH Gruppe, Kind & Co ., Universal Stainless Steel, Hudson Tool Steel, Otai Special Steel

Essential demographic, geographic, psychographic and behavioral information about business segments in the Hot Work Tool Steel market is targeted to aid in determining the features company should encompass in order to fit into the business requirements. For the consumer-based market – the study is also categorized with Market Maker insights to better understand who the customers are, their buying behavior, and their habits.

Key Segments Covered in the Hot Work Tool Steel Market – Industry Analysis by Types, Applications and Regions:

Hot Work Tool Steel Market – Type Outlook (Revenue, USD Million, 2017-2029)

• Chrome hot work tool steels
• Tungsten hot work tool steels
• Molybdenum and tungsten hot work tool steels

Hot Work Tool Steel Market – Application Outlook (Revenue, USD Million, 2017-2029)

• Automotive
• Shipbuilding
• Machinery
• Others

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Scope of Hot Work Tool Steel Market Report

Regional Analysis For Hot Work Tool Steel Market:

The Hot Work Tool Steel Market research report details current market trends, development outline, and several research methodologies. It illustrates the key factors that directly manipulate the market, for example, production strategies, development platforms, and product portfolio. According to our researchers, even minor changes in product profiles could lead to huge disruptions in the factors mentioned above.

➛ North America (United States, Canada and Mexico)
➛ Europe (Germany, France, United Kingdom, Russia and Italy)
➛ Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
➛ South America (Brazil, Argentina, Colombia, etc.)
➛ Middle East and Africa (Saudi Arabia, United Arab Emirates, Egypt, Nigeria and South Africa)

What insights does the Hot Work Tool Steel market report provide readers?

➜ Fragmentation of hot work tool steel based on product type, end use and region
➜ Comprehensive assessment of upstream raw materials, downstream demand and current market landscape
➜ Collaborations, R&D projects, acquisitions and product launches of each Hot Working Tool Steel player
➜ Various regulations imposed by governments on the consumption of hot work tool steel in detail
➜ Impact of modern technologies, such as big data and analytics, artificial intelligence and social media platforms on hot work tool steel

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A report launched by DNV, Strohm and the Nonmetallic Innovation Center (NIC) showed that thermoplastic composite (TCP) pipes have a significantly lower carbon footprint, in the order of 30-60%, than a pipeline solution carbon steel equivalent. .

The report presents the results of a Joint Industrial Project (JIP) between the three companies investigating the life cycle of a 22 kilometer pipeline carrying produced water for injection to a field outside Angola in Africa of the West, with a lifespan of 20 years.

The parties have considered all stages of the lifecycle carbon footprint, which is a measure of direct and indirect greenhouse gas (GHG) emissions associated with all lifecycle activities of the product, from the extraction and production of materials up to the end of life stage of the pipes.

“This study shows the importance of the choices made in the technology, design, transportation logistics and installation of offshore pipeline solutions, with respect to the impact on lifecycle GHGs,” Prajeev Rasiah, Executive Vice President for Energy Systems, Northern Europe at DNV.

“It emphasizes the importance of an efficient logistics and transport facility, including the selection of vessels that have a high impact on the total carbon footprint for steel and TCP. While admittedly limited to certain geographies and scenarios, the current case study has shown that TCP has an advantage in this area. »

According to DNV, the results of this collaboration complement a previous NIC study evaluating CO₂ footprint for land pipes, with both studies showing consistent results.

In a world where all companies seek to improve their environmental credentials, deploying TCP can offer oil and gas companies an easily deployable, greener alternative to their historically steel-based infrastructure, the company said.

“We are excited about the results of the study, as this is a big step forward in establishing TCP as a suitable alternative to steel in offshore applications,” Caroline JustetHead of Business Growth for Energy in Transition at Strohm.

“The greatest GHG benefits of using TCP over steel will be in cases where the pipe has to be transported long distances. TCP is rollable and lightweight allowing it to be delivered in long lengths and installed using small vessels or underwater pallets, significantly reducing CO₂ emissions.