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The main application of high speed steel is in the manufacturing of various cutting tools, such as milling cutters, saw bladders, drills, router bits, jointer blades and many others. High speed steel has also found applications in hand tools where its comparatively better toughness and high abrasion resistance has been found to be useful. Moreover, high speed tools are also used in wood turning as the speed of the drive is fairly high for these tools and high speed steel offers many advantages over its alternative high carbon steel tools.
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Advantages of High Speed Steel Tools
High speed steel tools can resist vibrations, whatever the type of machine tool, even if rigidity has been lost over time and regardless of work piece clamping conditions. It can prevent mechanical shocks at tooth level in milling operations and cope with varying lubrication conditions which may result in thermal changes.
With the inherent strength of high speed steel, tool manufacturers can produce extremely sharp cutting edges. This make it easier to machine difficult materials, offers less work hardening of austenitic stainless steels and nickel alloys, and gives a better surface quality and tolerances of machined parts.
As the metal is cut and not torn, it provides longer tool life with lower cutting-edge temperatures. It also requires lower cutting forces, which ultimately means less power consumption from the machine tool. From a tool life point of view, high speed steel performs very well with intermittent cutting applications – however, it has limited cutting speed range which is far lower when compared to carbide tools.
High Speed Steel Market: Segmentation
On the basis of type, the High Speed Steel market can be segmented into:
- Tungsten Steels
- Molybdenum HSS (High Speed Steel)
- Cobalt HSS (High Speed Steels)
On the basis of end use, the High Speed Steel market can be segmented into:
On the basis of type of grades, the High Speed Steel market can be segmented into:
On the basis of tool type, the High Speed Steel market can be segmented into:
- Drill Bit
- Gear Cutter
- Saw & Knives
- End Mill
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High Speed Steel Market: Market Participants
Examples of some of the market participants/vendors identified across the value chain of the High Speed Steel market across the globe are:
- Bohler Uddeholm Corporation
- Hitachi Metals Ltd.
- Sandvik AB
- Addison & Co. Ltd.
- OSG Korea Corporation
- Niagara Cutter Inc.
- Tiangong International
- Walter AG
- Tivoly Inc.
- Nippon Koshuha Steel Group
- BIG Kaiser Precision Tooling
This analytical research study imparts an all-inclusive assessment on the market, while propounding historical intelligence, actionable insights, and industry-validated & statistically-upheld market forecast. Verified and suitable set of assumptions and methodology has been leveraged for developing this comprehensive study. Information and analysis on key market segments incorporated in the report has been delivered in weighted chapters. A thorough analysis has been offered by the report on
- Market Dynamics
- Market Size
- Market Segments
- Demand & Supply Trends
- Current Issues and Challenges
- Companies and Competitor Landscape
- Value Chain
Regional Segments Analyzed Include
- North America (U.S., Canada)
- Latin America (Mexico. Brazil)
- Western Europe (Germany, Italy, France, U.K, Spain)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Middle East and Africa (GCC, S. Africa, N. Africa)
Compilation of authentic and first-hand intelligence, insights offered in the report are based on quantitative and qualitative assessment by leading industry experts, and inputs from opinion leaders & industry participants around the value chain. Growth determinants, macroeconomic indicators, and parent market trends have been scrutinized and delivered, coupled with the market attractiveness for each market segment encompassed. Qualitative impact of growth influencers on the market segments across regions has also been mapped by the report.
Highlights from the Report
- Elaborated scenario of the parent market
- Transformations in the market dynamics
- Detailed segmentation of the target market
- Historical, current and forecast market size based on value and volume
- Latest industry developments and trends
- Competition landscape
- Strategies adopted by the market players and product developments made
- Potential and niche segments, along with their regional analysis
- Unbiased analysis on performance of the market
- Up-to-date and must-have intelligence for the market players to enhance and sustain their competitiveness
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