Global High Strength Steel Market, by Type (Bake Hardenable, Dual Phase Steel, High Strength Low All

Published Date: | Report Code : MT194926

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Increasing demand from aerospace & defense and construction for various applications is expected to drive the market growth of the high strength steel market during the forecast period. High strength steels are an extensive group of metal alloys comprised of iron blended with carbon. High strength steels are defined as steels with a base yield quality of 200 ksi. These steels are heat-treated to yield strengths of surpassing 300 ksi.

Segment Analysis: 

The study gives a perspective on the high-strength steel market by segmenting it based on type, end-use industry, and region. Major types include bake hardenable, dual-phase steel, high strength low alloy (HSLA), Transformation induced plasticity and others.

Automotive, construction, aerospace & defense, and others are some of the key end-use industries in the high strength steel market. High strength steel is used in automotive in making engine block or the transmission gears. Some of the major factors driving the market of high strength steel include an increase in construction activities in the Asia Pacific region and high demand from the automotive sector. The market by region is segmented by North America, Western Europe, Eastern Europe, Asia Pacific, Middle East, and Rest of the World.

Some of the key Impact Factors:

  • Increasing construction activities in the Asia Pacific region
  • High demand from the automotive sector

Regional Analysis: 

The high strength steel market by region has been segmented by North America, Western Europe, Asia Pacific, Middle East, Eastern Europe, and the Rest of the World. North America and Western Europe are major regions for high strength steel market owing to diversified demand from end-use industries and competitive scenario. Some of the major end-use industries in these regions include Automotive, construction, aerospace & defense, and others. These markets have been dynamic in terms of new product developments and related activities. Hence, some of the emerging sub-segments in this market promise high potential in this region. Major countries for high strength steel market in these regions include the US, Germany, France, UK, Canada, Italy, and so on. Recent economic slowdowns, trade implications and environmental concerns are some of the key impact factors influencing the market dynamics in these regions. Developing regions including Asia Pacific, South America, and Africa have witnessed key developments in terms of organic and inorganic growth strategies. Global companies have made strategic investments in these regions with favorable production conditions and high demand from end-use industries. China, India, Brazil, South Africa, South Korea, Japan, and others have been some of the key economies in the region. Automotive, construction, aerospace & defense, and others (remove industries not available in the scope) are some of the major industries in the region with strong potential for high strength steel market. Middle East promises a strong market potential with demand from countries including UAE, Saudi Arabia, Qatar, and others that are seeking to diversify the economic outlook. Eastern Europe consisting of Russia and Turkey is also estimated as one of the key markets with demand from Automotive, construction, aerospace & defense.

Companies Covered: Arcelor, Mittal USA, AK Steel, Carpenter Technology, Commercial Metals Company, Nucor, Steel Dynamics, Tata Steels Ltd, JSW Steels…. 

Market Segmentation:

By Type:

  • Bake Hardenable
  • Dual-Phase
  • High Strength Low Alloy
  • Transformation Induced Plasticity (TRIP)
  • Others

By Manufacturing Process:

  • Hot Rolled
  • Cold Rolled

By End-Use Industry:

  • Automotive
  • Construction
  • Aerospace & Defence
  • Mining Equipment
  • Marine
  • Others

By Region:

  • North America
    • By Country (US, Canada, Mexico)
    • By Type
    • By Manufacturing Process
    • By End-Use Industry
  • Western Europe
    • By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
    • By Type
    • By Manufacturing Process
    • By End-Use Industry
  • Eastern Europe
    • By Country (Russia, Turkey, Rest of Eastern Europe)
    • By Type
    • By Manufacturing Process
    • By End-Use Industry
  • Asia Pacific
    • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
    • By Type
    • By Manufacturing Process
    • By End-Use Industry
  • Middle East
    • By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
    • By Type
    • By Manufacturing Process
    • By End-Use Industry
  • Rest of the World
    • By Region (South America, Africa)
    • By Type
    • By Manufacturing Process
    • By End-Use Industry

Reasons to buy this report:

  • Market size estimation of high strength steel market on a regional and global basis
  • The unique research design for market size estimation and forecasts
  • Profiling of the major companies operating in the market with key developments
  • Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:

We provide customization of the study to meet the specific requirements:

  • By segment
  • By sub-segment
  • By region/ country

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