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Chemical & Material Global Pressure Vessel Steel Market 2026 by Manufacturers, Regions, Type and Application, Forecast to 2032

  • RnM4683100
    • |
  • 06 March, 2026
    • |
  • Global
    • |
  • 129 Pages
    • |
  • GIR
    • |
  • Chemical & Material

According to our (Global Info Research) latest study, the global Pressure Vessel Steel market size was valued at US$ 63820 million in 2025 and is forecast to a readjusted size of US$ 83200 million by 2032 with a CAGR of 3.9% during review period.
In 2025, global pressure vessel steel production reached approximately 78 milliontons, the average price is usd/ton. Pressure vessel steel is used to manufacture pressure vessels or other similar equipment for petroleum, chemical, petrochemical, gas separation and gas storage and transportation. It includes carbon steel, carbon manganese steel, microalloy steel, low-alloy high-strength steel and low temperature Use steel. The working temperature is generally between -20°C and 500°C, and some can reach 560°C.
Market Concentration and Key Players:
Internationally, the market concentration of pressure vessel steel is relatively high, mainly concentrated in developed countries such as Europe, America and Japan. For example, JFE Steel and Aperam and other large manufacturers; from the domestic point of view, pressure vessel steel manufacturers have Baowu Group and Hegang Group.
Manufacturing Processes and Market Trends:
The core of pressure vessel steel production process lies in high purity smelting and precision heat treatment. Its production process covers hot metal pretreatment, converter or electric furnace smelting, refining outside furnace and vacuum degassing, aiming at controlling sulfur and phosphorus content below 0.005% respectively and effectively removing gas impurities. Grain refinement is carried out by controlled rolling and controlled cooling during rolling, and heat treatment processes such as normalizing or quenching and tempering are often used to stabilize the microstructure and properties. For example, uniform ferrite and pearlite structure can be obtained by normalizing SA516Gr.70 steel at 890-930℃. For special needs such as resistance to liquid carbon dioxide corrosion, chromium, molybdenum and other elements are added and combined with specific thermal cycling processes to enable the steel to maintain high strength while significantly reducing the corrosion rate to below 0.020 mm/a.
In terms of market, the demand for pressure vessel steel is closely related to energy, chemical and emerging hydrogen storage industries, and the self-sufficiency rate of domestic products has exceeded 98%. Future trends focus on high strengthening and light weight of materials, such as the development of 690MPa quenched and tempered high strength steel to help reduce the weight of natural gas tanks, while low-cost high manganese austenitic steel (manganese price is only 1/10 of nickel) becomes the ideal choice for liquid hydrogen tanks (-253℃), promoting the development of ultra-low temperature applications. Green intelligent manufacturing and material customization are also important directions, improving production efficiency through short process technology and digital traceability technology, and developing special steel according to different corrosion environments to meet diversified market challenges.
This report is a detailed and comprehensive analysis for global Pressure Vessel Steel market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Materials and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.
Key Features:
Global Pressure Vessel Steel market size and forecasts, in consumption value ($ Million), sales quantity (M Tons), and average selling prices (US$/Ton), 2021-2032
Global Pressure Vessel Steel market size and forecasts by region and country, in consumption value ($ Million), sales quantity (M Tons), and average selling prices (US$/Ton), 2021-2032
Global Pressure Vessel Steel market size and forecasts, by Materials and by Application, in consumption value ($ Million), sales quantity (M Tons), and average selling prices (US$/Ton), 2021-2032
Global Pressure Vessel Steel market shares of main players, shipments in revenue ($ Million), sales quantity (M Tons), and ASP (US$/Ton), 2021-2026
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Pressure Vessel Steel
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Pressure Vessel Steel market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include JFE Steel, Aperam, Nippon Steel Corporation, ThyssenKrupp AG, POSCO, Hyundai Steel, Gerdau, Voestalpine Grobblech, ArcelorMittal, SAIL, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Market Segmentation
Pressure Vessel Steel market is split by Materials and by Application. For the period 2021-2032, the growth among segments provides accurate calculations and forecasts for consumption value by Materials, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Materials
Carbon Steel
Microalloyed Steel
Low-alloy High-strength Steel
Market segment by Temperature
Indoor Temperature
Low Temperature
High Temperature
Market segment by Strength
Ordinary Strength
Medium Strength
High Strength
Market segment by Application
Metallurgical
Chemical Industrial
Defense
Others
Major players covered
JFE Steel
Aperam
Nippon Steel Corporation
ThyssenKrupp AG
POSCO
Hyundai Steel
Gerdau
Voestalpine Grobblech
ArcelorMittal
SAIL
Baowu
HBIS Company
Jiangsu Shagang Group
Ansteel
Shandong iron & Steel Group
Ningbo Iron and Steel
Chongqing Iron and Steel
Market segment by region, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Pressure Vessel Steel product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Pressure Vessel Steel, with price, sales quantity, revenue, and global market share of Pressure Vessel Steel from 2021 to 2026.
Chapter 3, the Pressure Vessel Steel competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Pressure Vessel Steel breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2021 to 2032.
Chapter 5 and 6, to segment the sales by Materials and by Application, with sales market share and growth rate by Materials, by Application, from 2021 to 2032.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2021 to 2026.and Pressure Vessel Steel market forecast, by regions, by Materials, and by Application, with sales and revenue, from 2027 to 2032.
Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of Pressure Vessel Steel.
Chapter 14 and 15, to describe Pressure Vessel Steel sales channel, distributors, customers, research findings and conclusion.


1 Market Overview

  • 1.1 Product Overview and Scope
  • 1.2 Market Estimation Caveats and Base Year
  • 1.3 Market Analysis by Materials
    • 1.3.1 Overview: Global Pressure Vessel Steel Consumption Value by Materials: 2021 Versus 2025 Versus 2032
    • 1.3.2 Carbon Steel
    • 1.3.3 Microalloyed Steel
    • 1.3.4 Low-alloy High-strength Steel
  • 1.4 Market Analysis by Temperature
    • 1.4.1 Overview: Global Pressure Vessel Steel Consumption Value by Temperature: 2021 Versus 2025 Versus 2032
    • 1.4.2 Indoor Temperature
    • 1.4.3 Low Temperature
    • 1.4.4 High Temperature
  • 1.5 Market Analysis by Strength
    • 1.5.1 Overview: Global Pressure Vessel Steel Consumption Value by Strength: 2021 Versus 2025 Versus 2032
    • 1.5.2 Ordinary Strength
    • 1.5.3 Medium Strength
    • 1.5.4 High Strength
  • 1.6 Market Analysis by Application
    • 1.6.1 Overview: Global Pressure Vessel Steel Consumption Value by Application: 2021 Versus 2025 Versus 2032
    • 1.6.2 Metallurgical
    • 1.6.3 Chemical Industrial
    • 1.6.4 Defense
    • 1.6.5 Others
  • 1.7 Global Pressure Vessel Steel Market Size & Forecast
    • 1.7.1 Global Pressure Vessel Steel Consumption Value (2021 & 2025 & 2032)
    • 1.7.2 Global Pressure Vessel Steel Sales Quantity (2021-2032)
    • 1.7.3 Global Pressure Vessel Steel Average Price (2021-2032)

2 Manufacturers Profiles

  • 2.1 JFE Steel
    • 2.1.1 JFE Steel Details
    • 2.1.2 JFE Steel Major Business
    • 2.1.3 JFE Steel Pressure Vessel Steel Product and Services
    • 2.1.4 JFE Steel Pressure Vessel Steel Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.1.5 JFE Steel Recent Developments/Updates
  • 2.2 Aperam
    • 2.2.1 Aperam Details
    • 2.2.2 Aperam Major Business
    • 2.2.3 Aperam Pressure Vessel Steel Product and Services
    • 2.2.4 Aperam Pressure Vessel Steel Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.2.5 Aperam Recent Developments/Updates
  • 2.3 Nippon Steel Corporation
    • 2.3.1 Nippon Steel Corporation Details
    • 2.3.2 Nippon Steel Corporation Major Business
    • 2.3.3 Nippon Steel Corporation Pressure Vessel Steel Product and Services
    • 2.3.4 Nippon Steel Corporation Pressure Vessel Steel Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.3.5 Nippon Steel Corporation Recent Developments/Updates
  • 2.4 ThyssenKrupp AG
    • 2.4.1 ThyssenKrupp AG Details
    • 2.4.2 ThyssenKrupp AG Major Business
    • 2.4.3 ThyssenKrupp AG Pressure Vessel Steel Product and Services
    • 2.4.4 ThyssenKrupp AG Pressure Vessel Steel Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.4.5 ThyssenKrupp AG Recent Developments/Updates
  • 2.5 POSCO
    • 2.5.1 POSCO Details
    • 2.5.2 POSCO Major Business
    • 2.5.3 POSCO Pressure Vessel Steel Product and Services
    • 2.5.4 POSCO Pressure Vessel Steel Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.5.5 POSCO Recent Developments/Updates
  • 2.6 Hyundai Steel
    • 2.6.1 Hyundai Steel Details
    • 2.6.2 Hyundai Steel Major Business
    • 2.6.3 Hyundai Steel Pressure Vessel Steel Product and Services
    • 2.6.4 Hyundai Steel Pressure Vessel Steel Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.6.5 Hyundai Steel Recent Developments/Updates
  • 2.7 Gerdau
    • 2.7.1 Gerdau Details
    • 2.7.2 Gerdau Major Business
    • 2.7.3 Gerdau Pressure Vessel Steel Product and Services
    • 2.7.4 Gerdau Pressure Vessel Steel Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.7.5 Gerdau Recent Developments/Updates
  • 2.8 Voestalpine Grobblech
    • 2.8.1 Voestalpine Grobblech Details
    • 2.8.2 Voestalpine Grobblech Major Business
    • 2.8.3 Voestalpine Grobblech Pressure Vessel Steel Product and Services
    • 2.8.4 Voestalpine Grobblech Pressure Vessel Steel Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.8.5 Voestalpine Grobblech Recent Developments/Updates
  • 2.9 ArcelorMittal
    • 2.9.1 ArcelorMittal Details
    • 2.9.2 ArcelorMittal Major Business
    • 2.9.3 ArcelorMittal Pressure Vessel Steel Product and Services
    • 2.9.4 ArcelorMittal Pressure Vessel Steel Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.9.5 ArcelorMittal Recent Developments/Updates
  • 2.10 SAIL
    • 2.10.1 SAIL Details
    • 2.10.2 SAIL Major Business
    • 2.10.3 SAIL Pressure Vessel Steel Product and Services
    • 2.10.4 SAIL Pressure Vessel Steel Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.10.5 SAIL Recent Developments/Updates
  • 2.11 Baowu
    • 2.11.1 Baowu Details
    • 2.11.2 Baowu Major Business
    • 2.11.3 Baowu Pressure Vessel Steel Product and Services
    • 2.11.4 Baowu Pressure Vessel Steel Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.11.5 Baowu Recent Developments/Updates
  • 2.12 HBIS Company
    • 2.12.1 HBIS Company Details
    • 2.12.2 HBIS Company Major Business
    • 2.12.3 HBIS Company Pressure Vessel Steel Product and Services
    • 2.12.4 HBIS Company Pressure Vessel Steel Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.12.5 HBIS Company Recent Developments/Updates
  • 2.13 Jiangsu Shagang Group
    • 2.13.1 Jiangsu Shagang Group Details
    • 2.13.2 Jiangsu Shagang Group Major Business
    • 2.13.3 Jiangsu Shagang Group Pressure Vessel Steel Product and Services
    • 2.13.4 Jiangsu Shagang Group Pressure Vessel Steel Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.13.5 Jiangsu Shagang Group Recent Developments/Updates
  • 2.14 Ansteel
    • 2.14.1 Ansteel Details
    • 2.14.2 Ansteel Major Business
    • 2.14.3 Ansteel Pressure Vessel Steel Product and Services
    • 2.14.4 Ansteel Pressure Vessel Steel Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.14.5 Ansteel Recent Developments/Updates
  • 2.15 Shandong iron & Steel Group
    • 2.15.1 Shandong iron & Steel Group Details
    • 2.15.2 Shandong iron & Steel Group Major Business
    • 2.15.3 Shandong iron & Steel Group Pressure Vessel Steel Product and Services
    • 2.15.4 Shandong iron & Steel Group Pressure Vessel Steel Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.15.5 Shandong iron & Steel Group Recent Developments/Updates
  • 2.16 Ningbo Iron and Steel
    • 2.16.1 Ningbo Iron and Steel Details
    • 2.16.2 Ningbo Iron and Steel Major Business
    • 2.16.3 Ningbo Iron and Steel Pressure Vessel Steel Product and Services
    • 2.16.4 Ningbo Iron and Steel Pressure Vessel Steel Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.16.5 Ningbo Iron and Steel Recent Developments/Updates
  • 2.17 Chongqing Iron and Steel
    • 2.17.1 Chongqing Iron and Steel Details
    • 2.17.2 Chongqing Iron and Steel Major Business
    • 2.17.3 Chongqing Iron and Steel Pressure Vessel Steel Product and Services
    • 2.17.4 Chongqing Iron and Steel Pressure Vessel Steel Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.17.5 Chongqing Iron and Steel Recent Developments/Updates

3 Competitive Environment: Pressure Vessel Steel by Manufacturer

  • 3.1 Global Pressure Vessel Steel Sales Quantity by Manufacturer (2021-2026)
  • 3.2 Global Pressure Vessel Steel Revenue by Manufacturer (2021-2026)
  • 3.3 Global Pressure Vessel Steel Average Price by Manufacturer (2021-2026)
  • 3.4 Market Share Analysis (2025)
    • 3.4.1 Producer Shipments of Pressure Vessel Steel by Manufacturer Revenue ($MM) and Market Share (%): 2025
    • 3.4.2 Top 3 Pressure Vessel Steel Manufacturer Market Share in 2025
    • 3.4.3 Top 6 Pressure Vessel Steel Manufacturer Market Share in 2025
  • 3.5 Pressure Vessel Steel Market: Overall Company Footprint Analysis
    • 3.5.1 Pressure Vessel Steel Market: Region Footprint
    • 3.5.2 Pressure Vessel Steel Market: Company Product Type Footprint
    • 3.5.3 Pressure Vessel Steel Market: Company Product Application Footprint
  • 3.6 New Market Entrants and Barriers to Market Entry
  • 3.7 Mergers, Acquisition, Agreements, and Collaborations

4 Consumption Analysis by Region

  • 4.1 Global Pressure Vessel Steel Market Size by Region
    • 4.1.1 Global Pressure Vessel Steel Sales Quantity by Region (2021-2032)
    • 4.1.2 Global Pressure Vessel Steel Consumption Value by Region (2021-2032)
    • 4.1.3 Global Pressure Vessel Steel Average Price by Region (2021-2032)
  • 4.2 North America Pressure Vessel Steel Consumption Value (2021-2032)
  • 4.3 Europe Pressure Vessel Steel Consumption Value (2021-2032)
  • 4.4 Asia-Pacific Pressure Vessel Steel Consumption Value (2021-2032)
  • 4.5 South America Pressure Vessel Steel Consumption Value (2021-2032)
  • 4.6 Middle East & Africa Pressure Vessel Steel Consumption Value (2021-2032)

5 Market Segment by Materials

  • 5.1 Global Pressure Vessel Steel Sales Quantity by Materials (2021-2032)
  • 5.2 Global Pressure Vessel Steel Consumption Value by Materials (2021-2032)
  • 5.3 Global Pressure Vessel Steel Average Price by Materials (2021-2032)

6 Market Segment by Application

  • 6.1 Global Pressure Vessel Steel Sales Quantity by Application (2021-2032)
  • 6.2 Global Pressure Vessel Steel Consumption Value by Application (2021-2032)
  • 6.3 Global Pressure Vessel Steel Average Price by Application (2021-2032)

7 North America

  • 7.1 North America Pressure Vessel Steel Sales Quantity by Materials (2021-2032)
  • 7.2 North America Pressure Vessel Steel Sales Quantity by Application (2021-2032)
  • 7.3 North America Pressure Vessel Steel Market Size by Country
    • 7.3.1 North America Pressure Vessel Steel Sales Quantity by Country (2021-2032)
    • 7.3.2 North America Pressure Vessel Steel Consumption Value by Country (2021-2032)
    • 7.3.3 United States Market Size and Forecast (2021-2032)
    • 7.3.4 Canada Market Size and Forecast (2021-2032)
    • 7.3.5 Mexico Market Size and Forecast (2021-2032)

8 Europe

  • 8.1 Europe Pressure Vessel Steel Sales Quantity by Materials (2021-2032)
  • 8.2 Europe Pressure Vessel Steel Sales Quantity by Application (2021-2032)
  • 8.3 Europe Pressure Vessel Steel Market Size by Country
    • 8.3.1 Europe Pressure Vessel Steel Sales Quantity by Country (2021-2032)
    • 8.3.2 Europe Pressure Vessel Steel Consumption Value by Country (2021-2032)
    • 8.3.3 Germany Market Size and Forecast (2021-2032)
    • 8.3.4 France Market Size and Forecast (2021-2032)
    • 8.3.5 United Kingdom Market Size and Forecast (2021-2032)
    • 8.3.6 Russia Market Size and Forecast (2021-2032)
    • 8.3.7 Italy Market Size and Forecast (2021-2032)

9 Asia-Pacific

  • 9.1 Asia-Pacific Pressure Vessel Steel Sales Quantity by Materials (2021-2032)
  • 9.2 Asia-Pacific Pressure Vessel Steel Sales Quantity by Application (2021-2032)
  • 9.3 Asia-Pacific Pressure Vessel Steel Market Size by Region
    • 9.3.1 Asia-Pacific Pressure Vessel Steel Sales Quantity by Region (2021-2032)
    • 9.3.2 Asia-Pacific Pressure Vessel Steel Consumption Value by Region (2021-2032)
    • 9.3.3 China Market Size and Forecast (2021-2032)
    • 9.3.4 Japan Market Size and Forecast (2021-2032)
    • 9.3.5 South Korea Market Size and Forecast (2021-2032)
    • 9.3.6 India Market Size and Forecast (2021-2032)
    • 9.3.7 Southeast Asia Market Size and Forecast (2021-2032)
    • 9.3.8 Australia Market Size and Forecast (2021-2032)

10 South America

  • 10.1 South America Pressure Vessel Steel Sales Quantity by Materials (2021-2032)
  • 10.2 South America Pressure Vessel Steel Sales Quantity by Application (2021-2032)
  • 10.3 South America Pressure Vessel Steel Market Size by Country
    • 10.3.1 South America Pressure Vessel Steel Sales Quantity by Country (2021-2032)
    • 10.3.2 South America Pressure Vessel Steel Consumption Value by Country (2021-2032)
    • 10.3.3 Brazil Market Size and Forecast (2021-2032)
    • 10.3.4 Argentina Market Size and Forecast (2021-2032)

11 Middle East & Africa

  • 11.1 Middle East & Africa Pressure Vessel Steel Sales Quantity by Materials (2021-2032)
  • 11.2 Middle East & Africa Pressure Vessel Steel Sales Quantity by Application (2021-2032)
  • 11.3 Middle East & Africa Pressure Vessel Steel Market Size by Country
    • 11.3.1 Middle East & Africa Pressure Vessel Steel Sales Quantity by Country (2021-2032)
    • 11.3.2 Middle East & Africa Pressure Vessel Steel Consumption Value by Country (2021-2032)
    • 11.3.3 Turkey Market Size and Forecast (2021-2032)
    • 11.3.4 Egypt Market Size and Forecast (2021-2032)
    • 11.3.5 Saudi Arabia Market Size and Forecast (2021-2032)
    • 11.3.6 South Africa Market Size and Forecast (2021-2032)

12 Market Dynamics

  • 12.1 Pressure Vessel Steel Market Drivers
  • 12.2 Pressure Vessel Steel Market Restraints
  • 12.3 Pressure Vessel Steel Trends Analysis
  • 12.4 Porters Five Forces Analysis
    • 12.4.1 Threat of New Entrants
    • 12.4.2 Bargaining Power of Suppliers
    • 12.4.3 Bargaining Power of Buyers
    • 12.4.4 Threat of Substitutes
    • 12.4.5 Competitive Rivalry

13 Raw Material and Industry Chain

  • 13.1 Raw Material of Pressure Vessel Steel and Key Manufacturers
  • 13.2 Manufacturing Costs Percentage of Pressure Vessel Steel
  • 13.3 Pressure Vessel Steel Production Process
  • 13.4 Industry Value Chain Analysis

14 Shipments by Distribution Channel

  • 14.1 Sales Channel
    • 14.1.1 Direct to End-User
    • 14.1.2 Distributors
  • 14.2 Pressure Vessel Steel Typical Distributors
  • 14.3 Pressure Vessel Steel Typical Customers

15 Research Findings and Conclusion

    16 Appendix

    • 16.1 Methodology
    • 16.2 Research Process and Data Source

    Summary:
    Get latest Market Research Reports on Pressure Vessel Steel. Industry analysis & Market Report on Pressure Vessel Steel is a syndicated market report, published as Global Pressure Vessel Steel Market 2026 by Manufacturers, Regions, Type and Application, Forecast to 2032. It is complete Research Study and Industry Analysis of Pressure Vessel Steel market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.

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