| Product Code: ETC4805990 | Publication Date: Nov 2023 | Updated Date: Sep 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sachin Kumar Rai | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
The high-speed steel (HSS) market in Finland is driven by the demand for durable and wear-resistant materials in the manufacturing and metalworking industries. High-speed steels are essential in cutting tools, drills, and machine parts due to their ability to withstand high temperatures without losing hardness. Finland`s advanced manufacturing sector, particularly in precision engineering and tool production, creates a strong market for HSS. The growing demand for high-quality tools and the development of new alloys with improved properties will continue to support market growth.
The high-speed steels market in Finland is driven by the expanding manufacturing and metalworking industries, where high-speed steel (HSS) is essential for tools used in cutting, drilling, and machining hard metals. As the demand for precision and high-quality products grows in the automotive, aerospace, and electronics sectors, high-speed steels are increasingly preferred for their durability and performance. Additionally, advancements in steel alloys and their ability to withstand higher temperatures boost the adoption of high-speed steels.
The high-speed steels market in Finland faces challenges related to the competitive pricing of alternative materials and the high cost of raw materials used in steel production. Additionally, the demand for high-speed steels is highly influenced by industries such as tool-making and manufacturing, and any slowdowns in these sectors can affect overall market growth.
In Finland, the high-speed steels market is supported by policies aimed at improving the performance and manufacturing processes of cutting tools and machinery components. High-speed steels are critical for industries such as manufacturing, automotive, and aerospace, where precision and durability are required for machining operations. The government funds research into the development of advanced high-speed steel alloys with improved properties, such as greater wear resistance and heat resistance. Finland encourages sustainable production practices within the steel industry, promoting the recycling of materials and reducing energy consumption during the production of high-speed steels.
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 Finland High Speed Steels Market Overview |
3.1 Finland Country Macro Economic Indicators |
3.2 Finland High Speed Steels Market Revenues & Volume, 2021 & 2031F |
3.3 Finland High Speed Steels Market - Industry Life Cycle |
3.4 Finland High Speed Steels Market - Porter's Five Forces |
3.5 Finland High Speed Steels Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Finland High Speed Steels Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.7 Finland High Speed Steels Market Revenues & Volume Share, By Production Method, 2021 & 2031F |
3.8 Finland High Speed Steels Market Revenues & Volume Share, By Grade, 2021 & 2031F |
3.9 Finland High Speed Steels Market Revenues & Volume Share, By End-user, 2021 & 2031F |
4 Finland 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 and construction industries |
4.2.2 Growing investments in research and development for advanced high-speed steel products |
4.2.3 Favorable government policies and initiatives supporting the steel industry in Finland |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices impacting the production costs of high-speed steels |
4.3.2 Intense competition from substitute materials such as carbide and ceramic cutting tools |
5 Finland High Speed Steels Market Trends |
6 Finland High Speed Steels Market Segmentations |
6.1 Finland High Speed Steels Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Finland High Speed Steels Market Revenues & Volume, By Tungsten High Speed Steel, 2021-2031F |
6.1.3 Finland High Speed Steels Market Revenues & Volume, By Molybdenum High Speed Steel, 2021-2031F |
6.1.4 Finland High Speed Steels Market Revenues & Volume, By Cobalt High Speed Steel, 2021-2031F |
6.1.5 Finland High Speed Steels Market Revenues & Volume, By Others, 2021-2031F |
6.2 Finland High Speed Steels Market, By Product Type |
6.2.1 Overview and Analysis |
6.2.2 Finland High Speed Steels Market Revenues & Volume, By Metal Cutting Tools, 2021-2031F |
6.2.3 Finland High Speed Steels Market Revenues & Volume, By Cold Working Tools, 2021-2031F |
6.2.4 Finland High Speed Steels Market Revenues & Volume, By Others, 2021-2031F |
6.3 Finland High Speed Steels Market, By Production Method |
6.3.1 Overview and Analysis |
6.3.2 Finland High Speed Steels Market Revenues & Volume, By Conventional HSS, 2021-2031F |
6.3.3 Finland High Speed Steels Market Revenues & Volume, By Powder Metallurgy (PM) HSS, 2021-2031F |
6.3.4 Finland High Speed Steels Market Revenues & Volume, By Spray Forming (SF) HSS, 2021-2031F |
6.4 Finland High Speed Steels Market, By Grade |
6.4.1 Overview and Analysis |
6.4.2 Finland High Speed Steels Market Revenues & Volume, By M Grade, 2021-2031F |
6.4.3 Finland High Speed Steels Market Revenues & Volume, By T Grade, 2021-2031F |
6.4.4 Finland High Speed Steels Market Revenues & Volume, By Advance Grade, 2021-2031F |
6.5 Finland High Speed Steels Market, By End-user |
6.5.1 Overview and Analysis |
6.5.2 Finland High Speed Steels Market Revenues & Volume, By Automotive Industry, 2021-2031F |
6.5.3 Finland High Speed Steels Market Revenues & Volume, By Plastic Industry, 2021-2031F |
6.5.4 Finland High Speed Steels Market Revenues & Volume, By Aerospace Industry, 2021-2031F |
6.5.5 Finland High Speed Steels Market Revenues & Volume, By Energy Sector, 2021-2031F |
6.5.6 Finland High Speed Steels Market Revenues & Volume, By Manufacturing, 2021-2031F |
6.5.7 Finland High Speed Steels Market Revenues & Volume, By Mechanical Engineering, 2021-2031F |
6.5.8 Finland High Speed Steels Market Revenues & Volume, By Others, 2021-2031F |
6.5.9 Finland High Speed Steels Market Revenues & Volume, By Others, 2021-2031F |
7 Finland High Speed Steels Market Import-Export Trade Statistics |
7.1 Finland High Speed Steels Market Export to Major Countries |
7.2 Finland High Speed Steels Market Imports from Major Countries |
8 Finland High Speed Steels Market Key Performance Indicators |
8.1 Percentage of market share held by Finnish high-speed steel manufacturers |
8.2 Rate of adoption of advanced high-speed steel technologies in Finnish industries |
8.3 Number of patents filed for high-speed steel innovations in Finland |
8.4 Average lead time for new high-speed steel product development in the Finnish market |
8.5 Percentage of revenue invested in marketing and promotion activities for high-speed steels in Finland |
9 Finland High Speed Steels Market - Opportunity Assessment |
9.1 Finland High Speed Steels Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Finland High Speed Steels Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.3 Finland High Speed Steels Market Opportunity Assessment, By Production Method, 2021 & 2031F |
9.4 Finland High Speed Steels Market Opportunity Assessment, By Grade, 2021 & 2031F |
9.5 Finland High Speed Steels Market Opportunity Assessment, By End-user, 2021 & 2031F |
10 Finland High Speed Steels Market - Competitive Landscape |
10.1 Finland High Speed Steels Market Revenue Share, By Companies, 2024 |
10.2 Finland High Speed Steels Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |