High Strength Steel Market, By Grade (Dual Phase (DP), Complex Phase (CP), Transformation-induced plasticity (TRIP), Twining-induced plasticity (TWIP), other), By End User (Automotive, Aerospace & Defence, and Construction) and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa) - Trends, Analysis and Forecast till 2030

Introduction:

The high strength steel is a type of alloy steel, which provides better mechanical properties or greater resistance to corrosion. The high strength steel is also more complex than conventional steel, so that they can provide an improved combination of strength and ductility with the help of microstructures. The high strength steel along with strength they also offers formability, which makes them light weight, and freedom to mold in any design. High strength steel is a critical as there is no other material with same unique combination of strength, versatility, and formability.  High strength steel is used in building rails, roads, vehicles, which is a huge part of our transportation chain. Moreover, the steel is also a basic component in construction sector. The characteristic of high strength steel such as highly formable, ductile, and easy to weld favours the growth of high strength steel market. The high strength steel often has other advantageous mechanical properties such as high strain-hardening capacity, which usually yield strength of 210 to 550 MPa. Further, increasing adoption of lightweight components in automobiles, with rising awareness towards decreasing greenhouse gas and CO2 emission levels. The Global High Strength Steel Market accounted for US$ 31.61 billion in 2020 and is estimated to be US$ 65.00 billion by 2030 and is anticipated to register a CAGR of 7.50%

                         

Increasing application of high strength steel

The increasing application of high strength steel in automobile and construction sector is the major driving factor of the high strength steel market. The automobile sector has faced challenges in meeting various governmental norms regarding safety, fuel economy, emission and automotive weight, for which high strength steel has proven to be an efficient solution.

Due to aerospace industry

The aerospace industry has also created a lucrative opportunity of growth of high strength steel market. Moreover, the high strength steel also has wide range of application in marine, mining equipment, wind energy, electrical equipment and pipes.

 

Furthermore, the high strength steel requires less energy compared to carbon steel production, which drives manufactures to invest in high strength steel. The steel manufacturers are also involved in research programs, which have led to development of improved grades of the high strength steel. 

High production cost

However, factors such as high production cost of high strength steels products is expected to hamper the high strength steel market. 

                            

The global high strength steels market on the basis of grade, end user, and region. On the basis of grade, the global high strength steels market is segmented into dual phase (dp), complex phase (cp), transformation-induced plasticity (trip). By end user the global high strength steel market, automotive, aerospace & defence, and construction. For detailed understanding of market dynamics, the global high strength steels market is analyzed across key regions viz North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. Each of these regions is analyzed on the basis of market findings across major countries in these regions for a macro-level understanding of the global market.

Regional Insights:

 

                        

For detailed understanding of market dynamics, the Global High Strength Steel Market is analyzed across key regions viz North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Each of these regions is analyzed on the basis of market findings across major countries in these regions for a macro-level understanding of the global market. The market in Asia Pacific is expected to account for significant share in global high strength steel market, in 2018 and continue is dominance over the forecast period followed by markets in other region. This can be attributed to increased investment in construction sector, population growth, and growing economics. Further, North America is expected to register second position in global high strength steel market, which can be attributed due to rapid growth of automotive industry. Moreover, the production of passenger cars and commercial vehicles has increased steadily over the past few years especially in U.S., which supports the growth of high strength steel market.

                         

Attribute	Details
Base year for estimation	2020
Forecast period	2020 – 2030
Market representation	Revenue in USD Million & CAGR from 2020 – 2030
Market Segmentation	By Grade - (Dual Phase (DP), Complex Phase (CP), Transformation-induced plasticity (TRIP), Twining-induced plasticity (TWIP), other) By End User - (Automotive, Aerospace & Defence, and Construction)
Regional scope	North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa
Report coverage	Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2030. For the purpose of this study, has segmented the Global High Strength Steel Market report based on product, mode of delivery and region.

Global High Strength Steel Market, By Region:

• • • North America
      • North America High Strength Steel Market, By Grade
      • North America High Strength Steel Market, By End User
      • North America High Strength Steel Market, By Country
        • U.S.
        • Canada
    • Europe
      • Europe High Strength Steel Market, By Grade
      • Europe High Strength Steel Market, By End User
      • Europe High Strength Steel Market, By Country
        • Germany
        • UK
        • France
        • Russia
        • Italy
        • Rest of Europe
    • Asia Pacific
      • Asia Pacific High Strength Steel Market, By Grade
      • Asia Pacific High Strength Steel Market, By End User
      • Asia Pacific High Strength Steel Market, By Country
        • China
        • India
        • Japan
        • South Korea
        • Rest of Asia Pacific                                                                                     
• • • Latin America
      • Latin America High Strength Steel Market, By Grade
      • Latin America High Strength Steel Market, By End User
      • Latin America High Strength Steel Market, By Country
        • Brazil
        • Mexico
        • Rest of Latin America
    • Middle East & Africa
      • Middle East & Africa High Strength Steel Market, By Grade
      • Middle East & Africa High Strength Steel Market, By End User
      • Middle East & Africa High Strength Steel Market, By Country
        • GCC
        • Israel
        • South Africa
        • Rest of Middle East & Africa

                                                 

Some of the prominent players operating in the global high strength steel market include Tata Steel Limited, ArcelorMittal S.A, The NanoSteel Company, Inc., AK Steel Corporation, Nucor Corporation, MTL Advanced Ltd., United States Steel Corporation, Baoshan Iron and Steel Co. Ltd, Kobe Steel Ltd., and SSAB AB. Key players are investing in research and development to make new innovation in high strength steel. For instance, Nucon Corporation is involved in the development of third generation of advanced high strength steel, which is expected to be stronger yet light in weight.

• • •  Tata Steel Limited
      • Company Overview
      • Product Portfolio
      • Key Highlights
      • Financial Performance
      • Business Strategies Overview
    • ArcelorMittal S.A
      • Company Overview
      • Product Portfolio
      • Key Highlights
      • Financial Performance
      • Business Strategies Overview
    • The NanoSteel Company, Inc.
      • Company Overview
      • Product Portfolio
      • Key Highlights
      • Financial Performance
      • Business Strategies Overview
    • AK Steel Corporation
      • Company Overview
      • Product Portfolio
      • Key Highlights
      • Financial Performance
      • Business Strategies Overview
    • Nucor Corporation
      • Company Overview
      • Product Portfolio
      • Key Highlights
      • Financial Performance
      • Business Strategies Overview
    • MTL Advanced Ltd.
      • Company Overview
      • Product Portfolio
      • Key Highlights
      • Financial Performance
      • Business Strategies Overview
    • United States Steel Corporation
      • Company Overview
      • Product Portfolio
      • Key Highlights
      • Financial Performance
      • Business Strategies Overview
    • Baoshan Iron and Steel Co. Ltd
      • Company Overview
      • Product Portfolio
      • Key Highlights
      • Financial Performance
      • Business Strategies Overview
    • Kobe Steel Ltd.
      • Company Overview
      • Product Portfolio
      • Key Highlights
      • Financial Performance
      • Business Strategies Overview

Research Objective and Assumption

• Preface
• Research Objectives
• Study Scope
• Years Considered for the study
• Assumptions
• Abbreviations

Research Methodology

• Research data
• Primary Data
  • Primary Interviews
  • Primary Breakdown
  • Key data from Primary Sources
  • Key Thickness Insights
• Secondary Data
  • Major Secondary Sources
  • Secondary Sources
• Market Estimation
• Top-Down Approach
  • Approach for estimating Market Share by Top-Down Analysis (Supply Side)
• Bottom-Up Approach
  • Approach for estimating market share by Bottom-up Analysis (Demand Side)
• Market Breakdown and Data Triangulation
• Research Assumptions

Market Preview

• Executive Summary
• Key Findings—Global Outlook for medical carts Strategies
  • Key Questions this Study will Answer
  • Market Snippet, By Grade
  • Market Snippet, By End User
  • Market Snippet, By Region
• Opportunity Map Analysis
• Executive Summary—3 Big Predictions

Market Dynamics, Regulations, and Trends Analysis

• Market Dynamics
  • Drivers
  • Restrains
  • Market Opportunities
  • Market Trends
• DR Impact Analysis
• PEST Analysis
• Porter’s Five Forces Analysis
• Opportunity Orbit
• Market Investment Feasibility Index
• Macroeconomic Factor Analysis

High Strength Steel Market, By Grade, Forecast Period up to 10 Years, (US$ Bn)

• Overview
  • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
  • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
  • Segment Trends
• Dual Phase (DP)
  • Overview
  • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
• Complex Phase (CP)
  • Overview
  • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
• Transformation-induced plasticity (TRIP)
  • Overview
  • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
• Twining-induced plasticity (TWIP)
  • Overview
  • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
• Others
  • Overview
  • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

High Strength Steel Market, By End User, Forecast Period up to 10 Years, (US$ Bn)

• Overview
  • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
  • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
  • Segment Trends
• Automotive 
  • Overview
  • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
• Aerospace & Defence
  • Overview
  • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
• Construction
  • Overview
  • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

High Strength Steel Market, By Region, Forecast Period up to 10 Years, (US$ Bn)

• Overview
  • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
  • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
  • Regional Trends
• North America
  • Market Size and Forecast (US$ Bn), By Grade, Forecast Period up to 10 Years
  • Market Size and Forecast (US$ Bn), By End User, Forecast Period up to 10 Years
  • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
    • U.S.
    • Canada
• Europe
  • Market Size and Forecast (US$ Bn), By Grade, Forecast Period up to 10 Years
  • Market Size and Forecast (US$ Bn), By End User, Forecast Period up to 10 Years
  • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
    • UK
    • France
    • Germany
    • Russia
    • Italy
    • Rest of Europe
• Asia Pacific
  • Market Size and Forecast (US$ Bn), By Grade, Forecast Period up to 10 Years
  • Market Size and Forecast (US$ Bn), By End User, Forecast Period up to 10 Years
  • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
    • India
    • Japan
    • South Korea
    • China
    • Rest of Asia Pacific
• Latin America
  • Market Size and Forecast (US$ Bn), By Grade, Forecast Period up to 10 Years
  • Market Size and Forecast (US$ Bn), By End User, Forecast Period up to 10 Years
  • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
• Brazil
• Mexico
• Rest of Latin America
• Middle East & Africa
  • Market Size and Forecast (US$ Bn), By Grade, Forecast Period up to 10 Years
  • Market Size and Forecast (US$ Bn), By End User, Forecast Period up to 10 Years
  • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
• GCC
• Israel
• South Africa
• Rest of Middle East

Competitive Landscape

• Heat Map Analysis
• Market Presence and Specificity Analysis

Company Profiles

• Tata Steel Limited.
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• ArcelorMittal S.A
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies

• The NanoSteel Company, Inc.
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies

• AK Steel Corporation
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Nucor Corporation
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• MTL Advanced Ltd.  
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• United States Steel Corporation.
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Baoshan Iron and Steel Co. Ltd   
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Kobe Steel Ltd.   
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• SSAB AB.  
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies

The Last Word

• Future Impact
• About Us
• Contact