Alloy Steel Market Revenue, Volume, and Forecast 2032

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The global alloy steel market is on a robust growth trajectory, driven by rising demand across key industries such as construction, automotive, energy, and infrastructure. According to a recent market analysis by Dataintelo, the alloy steel market was valued at USD 142.8 billion in 2023 and is projected to reach USD 218.4 billion by 2032, growing at a CAGR of 4.8% during the forecast period (2024–2032).

Alloy Steel Market Report | Global Forecast From 2025 To 2033
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Alloy Steel Market Report | Global Forecast From 2025 To 2033

The global alloy steel market size was valued at USD 20.22 Billion in 2023 and is likely to reach USD 35.04 Billion by 2032, expanding at a CAGR of 6.3 % during 2024 – 2032.