Global Wear Resistant Steel Market (2025–2032): Growing at 5.0% CAGR Driven by Mining, Construction & Heavy Machinery Demand
Global Wear Resistant Steel Market is growing steadily, driven by rising demand from mining, construction, and recycling industries where abrasion-resistant materials are essential. Valued at USD 3,789 million in 2024, the market is projected to reach USD 5,290 million by 2032, expanding at a CAGR of 5.0% during 2025–2032.
Wear resistant steel—available in grades like 400 HB, 450 HB, and 500 HB+—provides superior hardness and durability for high-impact, abrasive environments. Its adoption is increasing across mining equipment (liners, buckets, crushers), construction attachments, shredders, and agricultural machinery.