Oil Tempered Spring Steel Wire is a cold drawn, heat treated wire. The process of tempering increases the strength and hardness of the wire without making the wire more brittle. Tempering makes oil tempered wire perfect for springs and wire forms.

This oil tempered wire have excellent properties as spring material, and is used as various springs for the automobile such as the valve springs of the engine, the clutch springs, the transmission springs, and the suspension springs.
The main market for oil tempered spring steel wire is China, accounting for about 45%, followed by Japan, more than 20%.
Major manufacturers include Suzuki Garphyttan, Kiswire, Kobelco, Posco, Neturen, Baosteel, etc. The top 5 companies account for about 40% of the market share.

Market Analysis and Insights: Global Oil Tempered Spring Steel Wire Market
In 2020, the global Oil Tempered Spring Steel Wire market size was US$ 1467.6 million and it is expected to reach US$ 1867.2 million by the end of 2027, with a CAGR of 3.5% during 2021-2027.
Global Oil Tempered Spring Steel Wire Scope and Market Size
Oil Tempered Spring Steel Wire market is segmented by region, by country, company, type, application and by sales channels. Players, stakeholders, and other participants in the global Oil Tempered Spring Steel Wire market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region, by country, company, type, application and by sales channels for the period 2016-2027.

Segment by Type, the Oil Tempered Spring Steel Wire market is segmented into
High Fatigue Wire
Medium Fatigue Wire
Other Wire

Segment by Application, the Oil Tempered Spring Steel Wire market is segmented into
Valve Spring
Suspension Spring
Other Spring

Regional and Country-level Analysis:
North America
United States
Canada
Asia-Pacific
China
Japan
South Korea
India
Southeast Asia
Australia
Rest of Asia-Pacific
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Rest of Europe
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA

Competitive Landscape and Oil Tempered Spring Steel Wire Market Share Analysis
Oil Tempered Spring Steel Wire market competitive landscape provides details and data information by companies. The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2016-2021. It also offers detailed analysis supported by reliable statistics on sale and revenue by players for the period 2016-2021. Details included are company description, major business, Oil Tempered Spring Steel Wire product introduction, recent developments, Oil Tempered Spring Steel Wire sales by region, type, application and by sales channel.

The major companies include:
Suzuki Garphyttan
Kiswire
KOBELCO
POSCO
NETUREN
BAOSTEEL
Shanghai NETUREN
Zhengzhou Sinosteel
Bekaert
Haina Special Steel
Sugita
Sumitomo (SEI)
Jiangsu Shenwang
Jiangsu Jinji
American Spring Wire
Tianjin Kay Jill
Suncall
Hunan Shuangwei
Tianjin Dihua
PENGG AUSTRIA
Nanjing Soochow
Shinko Wire
Shougang Special Steel