2025-2031 Global Maraging Steel Industry Research & Trends Analysis Report- YH Research

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2025-2031 Global Maraging Steel Industry Research & Trends Analysis Report

Publication Date: 2025-10-12
Report Id: 2507097
Industry: Chemical & Material
Report Page: 138
Chart: 131

PDF Download

Publication Date: 2025-10-12
Report Id: 2507097
Industry: Chemical & Material
Report Page: 138
Chart: 131

PDF Download

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Table of Contents
Description
Table of Figures
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1 Market Overview
1.1 Maraging Steel Definition
1.2 Global Maraging Steel Market Size and Forecast
1.2.1 By Revenue, Global Maraging Steel Market Size, 2020-2031
1.2.2 By Sales Volume, Global Maraging Steel Market Size, 2020-2031
1.2.3 Global Maraging Steel Price Trend, 2020-2031
1.3 China Maraging Steel Market Size and Forecast
1.3.1 By Revenue, China Maraging Steel Market Size, 2020-2031
1.3.2 By Sales Volume, China Maraging Steel Market Size, 2020-2031
1.3.3 China Maraging Steel Price Trend, 2020-2031
1.4 China Percentage in Global Market
1.4.1 By Revenue, China Maraging Steel Share in Global Market, 2020-2031
1.4.2 By Sales Volume, China Maraging Steel Share in Global Market, 2020-2031
1.4.3 Maraging Steel Market Size: China VS Global, 2020-2031
1.5 Maraging Steel Market Dynamics
1.5.1 Maraging Steel Market Drivers
1.5.2 Maraging Steel Market Restraints
1.5.3 Maraging Steel Industry Trends
1.5.4 Maraging Steel Industry Policy

2 Global Competitive Landscape by Company
2.1 Global Maraging Steel Revenue by Company, 2020-2025
2.2 Global Maraging Steel Sales Volume by Company, 2020-2025
2.3 Global Maraging Steel Price by Company, 2020-2025
2.4 Global Maraging Steel Participants, Market Position (Tier 1, Tier 2, and Tier 3)
2.5 Global Maraging Steel Concentration Ratio
2.6 Global Maraging Steel Mergers & Acquisitions, Expansion Plans
2.7 Global Maraging Steel Manufacturers Product Type

3 China Competitive Landscape by Company
3.1 China Maraging Steel Revenue by Company, 2020-2025
3.2 China Maraging Steel Sales Volume by Company, 2020-2025
3.3 China Maraging Steel Maraging Steel Participants, Market Position (Tier 1, Tier 2, and Tier 3)
3.4 China Maraging Steel Market, Sales Percentage of Local Players VS Foreign Players (2020-2025)
3.5 Chinese Local Players, Maraging Steel Domestic VS Export
3.6 China Market, Maraging Steel Import & Export
3.6.1 China Market, Maraging Steel Import & Export, 2020-2031
3.6.2 China Maraging Steel Import & Export Trends
3.6.3 Main Sources of China Maraging Steel Import
3.6.4 Export Destination of China Maraging Steel

4 Maraging Steel Production by Region
4.1 Global Maraging Steel Capacity, Production and Capacity Utilization, 2020-2031
4.2 Global Geographic Distribution of Maraging Steel Manufacturers
4.3 Global Major Manufacturers, Maraging Steel Capacity Expansion and Future Plans
4.4 Global Maraging Steel Capacity by Region
4.5 Global Maraging Steel Production by Region
4.5.1 Global Maraging Steel Production & Forecast by Region, 2020 VS 2024 VS 2031
4.5.2 Global Maraging Steel Production by Region, 2020-2025
4.5.3 Global Maraging Steel Production Market Share & Forecast by Region, 2020-2031

5 Industry Chain Analysis
5.1 Maraging Steel Industry Chain
5.2 Maraging Steel Upstream Analysis
5.2.1 Maraging Steel Core Raw Materials
5.2.2 Main Manufacturers of Maraging Steel Core Raw Materials
5.3 Midstream Analysis
5.4 Downstream Analysis
5.5 Maraging Steel Production Mode
5.6 Maraging Steel Procurement Model
5.7 Maraging Steel Industry Sales Model and Sales Channels
5.7.1 Maraging Steel Sales Model
5.7.2 Maraging Steel Typical Distributors

6 Sights by Type
6.1 Maraging Steel Classification by Type
6.1.1 Grade 200
6.1.2 Grade 250
6.1.3 Grade 300
6.1.4 Grade 350
6.1.5 Other
6.2 by Type, Global Maraging Steel Market Size & CAGR, 2020 VS 2024 VS 2031
6.3 by Type, Global Maraging Steel Revenue, 2020-2031
6.4 by Type, Global Maraging Steel Sales Volume, 2020-2031
6.5 by Type, Global Maraging Steel Price, 2020-2031

7 Sights by Application
7.1 Maraging Steel Segment by Application
7.1.1 Aerospace
7.1.2 Defense and Military
7.1.3 Tooling and Mold Manufacturing
7.1.4 Others
7.2 by Application, Global Maraging Steel Market Size & CAGR, 2020 VS 2024 VS 2031
7.3 by Application, Global Maraging Steel Revenue, 2020-2031
7.4 by Application, Global Maraging Steel Sales Volume, 2020-2031
7.5 by Application, Global Maraging Steel Price, 2020-2031

8 Sales Sights by Region
8.1 By Region, Global Maraging Steel Market Size, 2020 VS 2024 VS 2031
8.2 By Region, Global Maraging Steel Revenue, 2020-2031
8.3 By Region, Global Maraging Steel Sales Volume, 2020-2031
8.4 North America
8.4.1 North America Maraging Steel Market Size & Forecasts, 2020-2031
8.4.2 By Country, North America Maraging Steel Market Size Market Share
8.5 Europe
8.5.1 Europe Maraging Steel Market Size & Forecasts, 2020-2031
8.5.2 By Country, Europe Maraging Steel Market Size Market Share
8.6 Asia Pacific
8.6.1 Asia Pacific Maraging Steel Market Size & Forecasts, 2020-2031
8.6.2 By Country/Region, Asia Pacific Maraging Steel Market Size Market Share
8.7 South America
8.7.1 South AmericaMaraging Steel Market Size & Forecasts, 2020-2031
8.7.2 By Country, South America Maraging Steel Market Size Market Share
8.8 Middle East & Africa

9 Sales Sights by Country Level
9.1 By Country, Global Maraging Steel Market Size & CAGR，2020 VS 2024 VS 2031
9.2 By Country, Global Maraging Steel Revenue, 2020-2031
9.3 By Country, Global Maraging Steel Sales Volume, 2020-2031
9.4 United States
9.4.1 United States Maraging Steel Market Size, 2020-2031
9.4.2 By Company, United States Maraging Steel Sales Volume Market Share, 2024
9.4.3 by Type, United States Maraging Steel Market Size, Share, 2024 VS 2031
9.4.4 by Application, United States Maraging Steel Market Size, Share, 2024 VS 2031
9.5 Europe
9.5.1 Europe Maraging Steel Market Size, 2020-2031
9.5.2 By Company, Europe Maraging Steel Sales Volume Market Share, 2024
9.5.3 by Type, Europe Maraging Steel Market Size, Share, 2024 VS 2031
9.5.4 by Application, Europe Maraging Steel Market Size, Share, 2024 VS 2031
9.6 China
9.6.1 China Maraging Steel Market Size, 2020-2031
9.6.2 By Company, China Maraging Steel Sales Volume Market Share, 2024
9.6.3 by Type, China Maraging Steel Market Size, Share, 2024 VS 2031
9.6.4 by Application, China Maraging Steel Market Size, Share, 2024 VS 2031
9.7 Japan
9.7.1 Japan Maraging Steel Market Size, 2020-2031
9.7.2 By Company, Japan Maraging Steel Market Share, 2024
9.7.3 by Type, Japan Maraging Steel Market Size, Share, 2024 VS 2031
9.7.4 by Application, Japan Maraging Steel Market Size, Share, 2024 VS 2031
9.8 South Korea
9.8.1 South Korea Maraging Steel Market Size, 2020-2031
9.8.2 By Company, South Korea Maraging Steel Market Share, 2024
9.8.3 by Type, South Korea Maraging Steel Market Size, Share, 2024 VS 2031
9.8.4 by Application, South Korea Maraging Steel Market Size, Share, 2024 VS 2031
9.9 Southeast Asia
9.9.1 Southeast Asia Maraging Steel Market Size, 2020-2031
9.9.2 By Company, Southeast Asia Maraging Steel Market Share, 2024
9.9.3 by Type, Southeast Asia Maraging Steel Market Size, Share, 2024 VS 2031
9.9.4 by Application, Southeast Asia Maraging Steel Market Size, Share, 2024 VS 2031
9.10 India
9.10.1 India Maraging Steel Market Size, 2020-2031
9.10.2 By Company, India Maraging Steel Market Share, 2024
9.10.3 by Type, India Maraging Steel Market Size, Share, 2024 VS 2031
9.10.4 by Application, India Maraging Steel Market Size, Share, 2024 VS 2031
9.11 Middle East & Africa
9.11.1 Middle East & Africa Maraging Steel Market Size, 2020-2031
9.11.2 By Company, Middle East & Africa Maraging Steel Market Share, 2024
9.11.3 by Type, Middle East & Africa Maraging Steel Market Size, Share, 2024 VS 2031
9.11.4 by Application, Middle East & Africa Maraging Steel Market Size, Share, 2024 VS 2031

10 Manufacturers Profile
10.1 Proterial
10.1.1 Proterial Company Information, Head Office, Market Area, and Industry Position
10.1.2 Proterial Maraging Steel Models, Specifications, and Application
10.1.3 Proterial Maraging Steel Sales Volume, Revenue, Price and Gross Margin, 2020-2025
10.1.4 Proterial Company Profile and Main Business
10.1.5 Proterial Recent Developments
10.2 Universal Stainless
10.2.1 Universal Stainless Company Information, Head Office, Market Area, and Industry Position
10.2.2 Universal Stainless Maraging Steel Models, Specifications, and Application
10.2.3 Universal Stainless Maraging Steel Sales Volume, Revenue, Price and Gross Margin, 2020-2025
10.2.4 Universal Stainless Company Profile and Main Business
10.2.5 Universal Stainless Recent Developments
10.3 Voestalpine
10.3.1 Voestalpine Company Information, Head Office, Market Area, and Industry Position
10.3.2 Voestalpine Maraging Steel Models, Specifications, and Application
10.3.3 Voestalpine Maraging Steel Sales Volume, Revenue, Price and Gross Margin, 2020-2025
10.3.4 Voestalpine Company Profile and Main Business
10.3.5 Voestalpine Recent Developments
10.4 Dongbei Special Steel Group
10.4.1 Dongbei Special Steel Group Company Information, Head Office, Market Area, and Industry Position
10.4.2 Dongbei Special Steel Group Maraging Steel Models, Specifications, and Application
10.4.3 Dongbei Special Steel Group Maraging Steel Sales Volume, Revenue, Price and Gross Margin, 2020-2025
10.4.4 Dongbei Special Steel Group Company Profile and Main Business
10.4.5 Dongbei Special Steel Group Recent Developments
10.5 Nippon Koshuha Steel
10.5.1 Nippon Koshuha Steel Company Information, Head Office, Market Area, and Industry Position
10.5.2 Nippon Koshuha Steel Maraging Steel Models, Specifications, and Application
10.5.3 Nippon Koshuha Steel Maraging Steel Sales Volume, Revenue, Price and Gross Margin, 2020-2025
10.5.4 Nippon Koshuha Steel Company Profile and Main Business
10.5.5 Nippon Koshuha Steel Recent Developments
10.6 Baosteel
10.6.1 Baosteel Company Information, Head Office, Market Area, and Industry Position
10.6.2 Baosteel Maraging Steel Models, Specifications, and Application
10.6.3 Baosteel Maraging Steel Sales Volume, Revenue, Price and Gross Margin, 2020-2025
10.6.4 Baosteel Company Profile and Main Business
10.6.5 Baosteel Recent Developments
10.7 Daido Steel
10.7.1 Daido Steel Company Information, Head Office, Market Area, and Industry Position
10.7.2 Daido Steel Maraging Steel Models, Specifications, and Application
10.7.3 Daido Steel Maraging Steel Sales Volume, Revenue, Price and Gross Margin, 2020-2025
10.7.4 Daido Steel Company Profile and Main Business
10.7.5 Daido Steel Recent Developments
10.8 Aubert & Dural
10.8.1 Aubert & Dural Company Information, Head Office, Market Area, and Industry Position
10.8.2 Aubert & Dural Maraging Steel Models, Specifications, and Application
10.8.3 Aubert & Dural Maraging Steel Sales Volume, Revenue, Price and Gross Margin, 2020-2025
10.8.4 Aubert & Dural Company Profile and Main Business
10.8.5 Aubert & Dural Recent Developments
10.9 Carpenter Technology
10.9.1 Carpenter Technology Company Information, Head Office, Market Area, and Industry Position
10.9.2 Carpenter Technology Maraging Steel Models, Specifications, and Application
10.9.3 Carpenter Technology Maraging Steel Sales Volume, Revenue, Price and Gross Margin, 2020-2025
10.9.4 Carpenter Technology Company Profile and Main Business
10.9.5 Carpenter Technology Recent Developments
10.10 ATI
10.10.1 ATI Company Information, Head Office, Market Area, and Industry Position
10.10.2 ATI Maraging Steel Models, Specifications, and Application
10.10.3 ATI Maraging Steel Sales Volume, Revenue, Price and Gross Margin, 2020-2025
10.10.4 ATI Company Profile and Main Business
10.10.5 ATI Recent Developments
10.11 Sandvik
10.11.1 Sandvik Company Information, Head Office, Market Area, and Industry Position
10.11.2 Sandvik Maraging Steel Models, Specifications, and Application
10.11.3 Sandvik Maraging Steel Sales Volume, Revenue, Price and Gross Margin, 2020-2025
10.11.4 Sandvik Company Profile and Main Business
10.11.5 Sandvik Recent Developments

11 Conclusion

12 Appendix
12.1 Research Methodology
12.2 Data Source
12.2.1 Secondary Sources
12.2.2 Primary Sources
12.3 Market Estimation Model
12.4 Disclaimer

According to YH Research, the global market for Maraging Steel should grow from US$ 666 million in 2024 to US$ 922 million by 2031, with a CAGR of 5.0% for the period of 2025-2031.

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Maraging Steel

According to YH Research, the global market for Maraging Steel should grow from US$ 666 million in 2024 to US$ 922 million by 2031, with a CAGR of 5.0% for the period of 2025-2031.

Unit: US$ M

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In-depth insight into market trends

Maraging steel is a high-strength, ultra-tough, carbon-free or low-carbon iron–nickel alloy, typically containing about 18 wt.% nickel with minor additions of cobalt, molybdenum, titanium, and aluminum. Its strengthening mechanism results from the transformation of high-temperature austenite into martensite, followed by aging at 480–500 °C to precipitate nano-scale intermetallic compounds such as Ni–Mo, Fe–Mo, and Fe–Ni. Common commercial grades—200, 250, 300, and 350—exhibit tensile strengths ranging from 1380 MPa to 2410 MPa and conform to MIL-S-46850D standards. Maraging steels are significantly stronger than stainless and titanium alloys, with Rockwell hardness values of HRC 52–55. In 2024, the global production capacity of maraging steel is estimated at 16,000 tons, with total sales of around 12,600 tons, an average market price of USD 49.7 per kg, and an average gross margin of approximately 21.79%.

Upstream raw materials primarily include high-purity nickel, cobalt, molybdenum, and iron-base alloys, supplied by major metal producers such as Glencore, Vale, and Norilsk Nickel. Downstream applications span aerospace, nuclear engineering, tool and die manufacturing, additive manufacturing (3D printing), and advanced defense systems. Key customers include Boeing, Lockheed Martin, GE Aerospace, and precision mold producers. With rising demand for high-performance structural materials, the maraging steel market is trending toward lightweight, high-purity, and powder-metallurgy-based products to meet the evolving requirements of advanced manufacturing and defense industries.

The maraging steel market currently demonstrates a high degree of specialization and technological concentration, with demand primarily driven by high-value sectors such as aerospace, defense, precision tooling, and high-performance industrial components. Owing to its superior mechanical strength, thermal stability, and favorable machinability, maraging steel has established a well-developed supply chain and a stable base of strategic customers. The global landscape is dominated by a few international producers with advanced metallurgical technologies and manufacturing capabilities, resulting in significant entry barriers. Regional differentiation is evident, with North America and Europe leading in aerospace and defense applications, while ongoing industrial upgrading in the Asia-Pacific region continues to generate additional momentum, particularly in precision manufacturing and tooling applications.

Looking ahead, the development of the maraging steel market will remain closely linked to advancements in aerospace, defense, and precision engineering industries. The growing emphasis on lightweight structures, high fatigue resistance, and thermal stability will drive continuous optimization of alloy compositions and processing technologies. Emerging technologies such as powder metallurgy, laser cladding, and additive manufacturing (3D printing) are expected to expand the material's use into new industrial segments. Meanwhile, the ongoing shift toward automation and intelligent manufacturing worldwide will reinforce the demand for ultra-strong, performance-controllable alloy materials.

Nonetheless, the market faces several challenges, including fluctuations in raw material prices, complex metallurgical processes, high technological barriers, and competitive pressure from alternative materials such as titanium alloys and advanced composites. The high level of industry concentration limits new entrants, compelling existing players to leverage research and development, strategic partnerships, and supply chain integration to maintain market positions. Furthermore, environmental regulations and the growing emphasis on green manufacturing are imposing stricter standards for production efficiency, energy consumption, and emissions, pushing the industry toward sustainable development and continuous innovation in eco-efficient production processes.

This report aims to provide a comprehensive study of the global market for Maraging Steel.
Report Highlights:
(1) Global Maraging Steel market size (sales volume & revenue), history data from 2020-2025, and forecast data from 2026 to 2031.

(2) Global Maraging Steel market competitive situation, sales, revenue, price, and market share, from 2020 to 2025.

(3) China Maraging Steel market competitive situation, sales, revenue, price, and market share, from 2020 to 2025.

(4) Global Maraging Steel segment by region (or country), key regions cover the United States, Europe, China, Japan, South Korea, Southeast Asia, and India, etc.

(5) Global Maraging Steel segment by Type, and by Application, and regional segment by Type, and by Application.

(6) Global major production regions of Maraging Steel, capacity, production and trends.

(7) Maraging Steel industry supply chain, upstream, midstream, and downstream analysis.

Market segment by regions, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Australia, and Rest of Asia-Pacific)
South America (Brazil, Rest of South America)
Middle East & Africa
Market segment by Type, covers
Grade 200
Grade 250
Grade 300
Grade 350
Other

Market segment by Application, can be divided into
Aerospace
Defense and Military
Tooling and Mold Manufacturing
Others

Market segment by players, this report covers
Proterial
Universal Stainless
Voestalpine
Dongbei Special Steel Group
Nippon Koshuha Steel
Baosteel
Daido Steel
Aubert & Dural
Carpenter Technology
ATI
Sandvik