SteelBazaar Special Insight: Alloy Steel Market – 2025 Edition

🌍 Global Alloy Steel Market Overview

Attribute    Value
Global Market Size (2025)    USD 152.93 Billion
Projected Market Size (2029)    USD 172.42 Billion
Compound Annual Growth Rate (CAGR)    3.00% (2025–2029)

🔹 Insight:
The global alloy steel market is projected to grow steadily at a 3% CAGR, driven by rising demand in infrastructure, automotive, and machinery sectors.

🏗️ Market Share by Product Type (2025)

Product Type    Market Share (%)
Low Alloy Steel    63%
High Alloy Steel    37%

🔹 Insight:
Low Alloy Steel dominates the market due to its strength, flexibility, and cost-effectiveness, making it ideal for major industrial applications.

🚗 Market Share by Application (2025)

Application    Market Share (%)
Automotive    35%
Construction    25%
Machinery    20%
Oil & Gas    10%
Others    10%

🔹 Insight:
The Automotive (35%) and Construction (25%) sectors are the largest consumers of alloy steel, reflecting growing investments in transportation and infrastructure.

SteelBazaar: Powering the Future of Alloy Steel Trade
The global alloy steel market, valued at USD 152.93 billion in 2025, is poised to reach USD 172.42 billion by 2029. With a 3% CAGR, the market's steady growth is fueled by booming sectors like automotive and infrastructure.
Low Alloy Steel, accounting for 63% of the market, remains the material of choice for manufacturers seeking durability and cost efficiency.
In India, the alloy steel demand is set to surge with government-backed projects like Bharatmala, Smart Cities Mission, and the growing Electric Vehicle (EV) ecosystem.
SteelBazaar is uniquely positioned to empower Indian MSMEs, traders, and enterprises by providing easy access to quality alloy steel at the click of a button — reshaping the future of steel sourcing.
📈 Strategic Benefits for SteelBazaar (India & Global)

Market Focus    Strategic Opportunity for SteelBazaar
Indian Domestic Market    - Ride the wave of government infrastructure projects.
- Capitalize on EV and automotive growth.
- Offer customized alloy grades for MSMEs and large corporates.
Global Market    - Tap Asia-Pacific dominance by facilitating international steel trade.
- Highlight cost-effective, high-quality Indian alloys globally.
- Promote sustainable, green steel sourcing initiatives.