| Product Code: ETC4805977 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sachin Kumar Rai | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Croatia import shipments of high-speed steels in 2024 continued to be dominated by top exporting countries including Austria, Germany, Sweden, Slovenia, and Czechia. The market remained highly concentrated, with the Herfindahl-Hirschman Index (HHI) indicating significant concentration. The impressive compound annual growth rate (CAGR) of 47.43% from 2020 to 2024 highlights the increasing demand for high-speed steels in Croatia. Moreover, the growth rate of 22.83% from 2023 to 2024 suggests a strong momentum in the market, indicating a positive outlook for the industry in the coming years.

The high-speed steels market in Croatia is supported by the country`s manufacturing and tool-making industries, which require high-performance materials for cutting tools and machinery. High-speed steels are known for their ability to maintain hardness and cutting efficiency at high temperatures. Croatia`s focus on improving manufacturing processes and technological advancements in metallurgy contributes to the growth of the high-speed steels market.
The high-speed steels market in Croatia is driven by the demand for durable and high-performance materials in cutting tools and machinery. High-speed steels are known for their ability to retain hardness at elevated temperatures, making them ideal for manufacturing and machining applications. The growth of the manufacturing sector and advancements in tool technology support the demand for high-speed steels. Additionally, the focus on improving productivity and precision in machining processes drives market expansion.
The high speed steels market in Croatia faces challenges related to the high cost of production and competition from international manufacturers. The market requires continuous innovation to meet the evolving demands of industries that use high-speed steels. Additionally, fluctuations in raw material prices can impact production costs and market stability.
Government policies in Croatia support the high-speed steels market through industrial regulations and incentives for advanced manufacturing. The Croatian government provides funding for research and development in high-speed steel technologies and ensures that products meet safety and performance standards. Policies promoting technological innovation contribute to market expansion.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Croatia High Speed Steels Market Overview |
3.1 Croatia Country Macro Economic Indicators |
3.2 Croatia High Speed Steels Market Revenues & Volume, 2021 & 2031F |
3.3 Croatia High Speed Steels Market - Industry Life Cycle |
3.4 Croatia High Speed Steels Market - Porter's Five Forces |
3.5 Croatia High Speed Steels Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Croatia High Speed Steels Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.7 Croatia High Speed Steels Market Revenues & Volume Share, By Production Method, 2021 & 2031F |
3.8 Croatia High Speed Steels Market Revenues & Volume Share, By Grade, 2021 & 2031F |
3.9 Croatia High Speed Steels Market Revenues & Volume Share, By End-user, 2021 & 2031F |
4 Croatia High Speed Steels Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for high speed steels in the manufacturing sector |
4.2.2 Growth in the automotive and aerospace industries in Croatia |
4.2.3 Technological advancements leading to higher performance and efficiency of high speed steels |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices impacting production costs |
4.3.2 Competition from alternative materials like carbide and ceramic cutting tools |
4.3.3 Economic uncertainties affecting investments in manufacturing infrastructure |
5 Croatia High Speed Steels Market Trends |
6 Croatia High Speed Steels Market Segmentations |
6.1 Croatia High Speed Steels Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Croatia High Speed Steels Market Revenues & Volume, By Tungsten High Speed Steel, 2021-2031F |
6.1.3 Croatia High Speed Steels Market Revenues & Volume, By Molybdenum High Speed Steel, 2021-2031F |
6.1.4 Croatia High Speed Steels Market Revenues & Volume, By Cobalt High Speed Steel, 2021-2031F |
6.1.5 Croatia High Speed Steels Market Revenues & Volume, By Others, 2021-2031F |
6.2 Croatia High Speed Steels Market, By Product Type |
6.2.1 Overview and Analysis |
6.2.2 Croatia High Speed Steels Market Revenues & Volume, By Metal Cutting Tools, 2021-2031F |
6.2.3 Croatia High Speed Steels Market Revenues & Volume, By Cold Working Tools, 2021-2031F |
6.2.4 Croatia High Speed Steels Market Revenues & Volume, By Others, 2021-2031F |
6.3 Croatia High Speed Steels Market, By Production Method |
6.3.1 Overview and Analysis |
6.3.2 Croatia High Speed Steels Market Revenues & Volume, By Conventional HSS, 2021-2031F |
6.3.3 Croatia High Speed Steels Market Revenues & Volume, By Powder Metallurgy (PM) HSS, 2021-2031F |
6.3.4 Croatia High Speed Steels Market Revenues & Volume, By Spray Forming (SF) HSS, 2021-2031F |
6.4 Croatia High Speed Steels Market, By Grade |
6.4.1 Overview and Analysis |
6.4.2 Croatia High Speed Steels Market Revenues & Volume, By M Grade, 2021-2031F |
6.4.3 Croatia High Speed Steels Market Revenues & Volume, By T Grade, 2021-2031F |
6.4.4 Croatia High Speed Steels Market Revenues & Volume, By Advance Grade, 2021-2031F |
6.5 Croatia High Speed Steels Market, By End-user |
6.5.1 Overview and Analysis |
6.5.2 Croatia High Speed Steels Market Revenues & Volume, By Automotive Industry, 2021-2031F |
6.5.3 Croatia High Speed Steels Market Revenues & Volume, By Plastic Industry, 2021-2031F |
6.5.4 Croatia High Speed Steels Market Revenues & Volume, By Aerospace Industry, 2021-2031F |
6.5.5 Croatia High Speed Steels Market Revenues & Volume, By Energy Sector, 2021-2031F |
6.5.6 Croatia High Speed Steels Market Revenues & Volume, By Manufacturing, 2021-2031F |
6.5.7 Croatia High Speed Steels Market Revenues & Volume, By Mechanical Engineering, 2021-2031F |
6.5.8 Croatia High Speed Steels Market Revenues & Volume, By Others, 2021-2031F |
6.5.9 Croatia High Speed Steels Market Revenues & Volume, By Others, 2021-2031F |
7 Croatia High Speed Steels Market Import-Export Trade Statistics |
7.1 Croatia High Speed Steels Market Export to Major Countries |
7.2 Croatia High Speed Steels Market Imports from Major Countries |
8 Croatia High Speed Steels Market Key Performance Indicators |
8.1 Average utilization rate of high speed steel manufacturing facilities |
8.2 Rate of adoption of high speed steel cutting tools in key industries |
8.3 Research and development investment in new high speed steel technologies and products |
9 Croatia High Speed Steels Market - Opportunity Assessment |
9.1 Croatia High Speed Steels Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Croatia High Speed Steels Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.3 Croatia High Speed Steels Market Opportunity Assessment, By Production Method, 2021 & 2031F |
9.4 Croatia High Speed Steels Market Opportunity Assessment, By Grade, 2021 & 2031F |
9.5 Croatia High Speed Steels Market Opportunity Assessment, By End-user, 2021 & 2031F |
10 Croatia High Speed Steels Market - Competitive Landscape |
10.1 Croatia High Speed Steels Market Revenue Share, By Companies, 2024 |
10.2 Croatia High Speed Steels Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |