Industries > Construction > Global High Strength Steel Market 2019-2029
Global High Strength Steel Market 2019-2029
Global High Strength Steel Market by Product (High Strength Low Alloy, Dual Phase, Transformation Inducted Plasticity, Bake Hardenable, Martensitic), by End User (Automotive, Construction, Mining Machinery, Aviation & Marine), Global Opportunity Analysis and Industry Forecast
Market Definition:
• High strength steel is type of alloy steel which can withstand excessive strain without breaking or becoming deformed.
• The high strength steel provides better mechanical properties or better resistance to corrosion compared to conventional carbon steel.
• This steel is mainly used for structural applications and hence is also called structural steels.
• High strength steel can be produced with or without addition of small amount of micro-alloying elements.
Market Overview and Trends
• Since past few years, there has been great advancements in the development of the high strength steel and with time, the need for additional enhancements is expected to increase.
• Various industries have an increasing need for structural components that are lighter in weight and stronger, that would help improve energy efficiencies, reduce emissions and pollution, increase safety and cost less to produce varied components, particularly in the automotive industry.
• High strength steels are broadly used in automotive industry to develop highly durable body structure.
• Since past few years, automotive industry has faced significant challenges in meeting several governmental norms regarding automotive weight, safety, fuel efficiency, and emission.
• Products developed with high strength steel have provided an efficient solution to comply with these requirements, by enabling designers to develop safe and fuel-efficient vehicles with reduced weight.
• Moreover, academia in civil engineering is increasingly focusing on high strength steel structures through experimental, numerical and theoretical investigations. This has led to increased use of high strength steel equipment to enhance structural properties.
Market Dynamics:
Factors Influencing the Market Growth:
• Increasing demand from the construction and automotive industries, along with aviation and marine, wind energy, mining equipment, and electrical equipment sector, combined with environmental sustainability of high strength steel.
• Rapidly growing aerospace industry and accelerating urbanization and industrialization in developing economies are also offering lucrative opportunities for the players in this market.
Factors Restraining the Market Growth:
• High production costs of high strength steels due to increased prices of raw materials
• Availability of substitutes and lack of awareness across other industries
Market Segmentation 2019-2029:
The high strength steel market is segmented on the product, end user and geography.
Product
• High Strength Low Alloy (HSLS) Market, 2019-2029
• Dual Phase (DP) Market, 2019-2029
• Transformation Inducted Plasticity (TRIP) Market, 2019-2029
• Bake Hardenable (BH) Market, 2019-2029
• Martensitic Market, 2019-2029
• Others Market, 2019-2029
End User
• Automotive Market, 2019-2029
• Construction Market, 2019-2029
• Mining Machinery Market, 2019-2029
• Aviation and Marine Market, 2019-2029
• Others Market, 2019-2029
Geographic breakdown
Focused regional forecasts and analysis explore the future opportunities:
• North America Market, 2019-2029
• Europe Market, 2019-2029
• Asia-Pacific Market, 2019-2029
• LAMEA Market, 2019-2029
Competitive Analysis:
• Key players in the high strength steel market mainly focus on product development and new product launches to develop their market position.
• Companies such as Tata Steel, ArcelorMittal, AK Steel and many more are largely investing in research and development and expansion of their production capacity to enhance their existing product offerings.
• This also helps the companies to expand their market presence and gain significant market share by increasing their customer base.
Major Market Players:
ArcelorMittal S.A., Voestalpine AG, POSCO Co., Ltd, SSAB, Tata Steel, United States Steel Corporation, ThyssenKrupp AG, Ansteel Group Corporation, AK Steel Corporation, and Nucor Corporation.
Visiongain is a trading partner with the US Federal Government
CCR Ref number: KD4R6
1. Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Markets Covered
1.3.2 Years Considered for the Study
1.4 Stakeholders
2. Research Methodology
2.1 Research Data
2.1.1 Primary Data
2.1.2 Secondary Data
2.2 Market Size Estimation
2.3 Research Assumptions
3. Executive Summary
4. Industry Insights
5. Global High Strength Steel Market – By Product
5.1 High Strength Low Alloy
5.2 Dual Phase
5.3 Transformation Inducted Plasticity
5.4 Bake Hardenable
5.5 Martensitic
5.6 Others
6. Global High Strength Steel Market – By End User
6.1 Automotive
6.2 Construction
6.3 Mining Machinery
6.4 Aviation & Marine
6.5 Others
7. Global High Strength Steel Market – By Geography
7.1 North America
7.1.1 US
7.1.2 Canada
7.2 Europe
7.2.1 Germany
7.2.2 France
7.2.3 UK
7.2.4 Rest of Europe
7.3 Asia-Pacific
7.3.1 Japan
7.3.2 China
7.3.3 India
7.3.4 Rest of APAC
7.4 LAMEA
7.4.1 Latin America
7.4.2 Middle East
7.4.3 Africa
8. Competitive Landscape
9. Company Profiles
9.1 ArcelorMittal S.A.
9.2 Voestalpine AG
9.3 POSCO Co., Ltd
9.4 SSAB
9.5 Tata Steel
9.6 United States Steel Corporation
9.7 ThyssenKrupp AG
9.8 Ansteel Group Corporation
9.9 AK Steel Corporation
9.10 Nucor Corporation
9.11 Other Players
10. Appendix
List of Tables
Table 1 High Strength Steel Market Size, By Product (US$ Mn AGR%, CAGR%), 2019-2029
Table 2 High Strength Steel Market By End User, (US$ Mn AGR%, CAGR%), 2019-2029
Table 3 High Strength Steel Market By Region, (US$ Mn AGR%, CAGR%), 2019-2029
Table 4 North America: High Strength Steel Market Size, By Country, (US$ Mn AGR%, CAGR%), 2019-2029
Table 5 North America: High Strength Steel Market Size, By Product (US$ Mn AGR%, CAGR%), 2019-2029
Table 6 North America: High Strength Steel Market Size, By End User (US$ Mn AGR%, CAGR%), 2019-2029
Table 7 US: High Strength Steel Market Size, By Product (US$ Mn AGR%, CAGR%), 2019-2029
Table 8 US: High Strength Steel Market Size, By End User (US$ Mn AGR%, CAGR%), 2019-2029
Table 9 Canada: High Strength Steel Market Size, By Product (US$ Mn AGR%, CAGR%), 2019-2029
Table 10 Canada: High Strength Steel Market Size, By End User (US$ Mn AGR%, CAGR%), 2019-2029
Table 11 Europe: High Strength Steel Market Size, By Country (US$ Mn AGR%, CAGR%), 2019-2029
Table 12 Europe: High Strength Steel Market Size, By Product (US$ Mn AGR%, CAGR%), 2019-2029
Table 13 Europe: High Strength Steel Market Size, By End User (US$ Mn AGR%, CAGR%), 2019-2029
Table 14 Germany: High Strength Steel Market Size, By Product (US$ Mn AGR%, CAGR%), 2019-2029
Table 15 Germany: High Strength Steel Market Size, By End User (US$ Mn AGR%, CAGR%), 2019-2029
Table 16 France: High Strength Steel Market Size, By Product (US$ Mn AGR%, CAGR%), 2019-2029
Table 17 France: High Strength Steel Market Size, By End User (US$ Mn AGR%, CAGR%), 2019-2029
Table 18 UK: High Strength Steel Market Size, By Product (US$ Mn AGR%, CAGR%), 2019-2029
Table 19 UK: High Strength Steel Market Size, By End User (US$ Mn AGR%, CAGR%), 2019-2029
Table 20 Rest of Europe: High Strength Steel Market Size, By Product (US$ Mn AGR%, CAGR%), 2019-2029
Table 21 Rest of Europe: High Strength Steel Market Size, By End User (US$ Mn AGR%, CAGR%), 2019-2029
Table 22 Asia-Pacific: High Strength Steel Market Size, By Country, 2019-2029 (Kiloton)
Table 23 Asia-Pacific: High Strength Steel Market Size, By Product (US$ Mn AGR%, CAGR%), 2019-2029
Table 24 Asia-Pacific: High Strength Steel Market Size, By End User (US$ Mn AGR%, CAGR%), 2019-2029
Table 25 Japan: High Strength Steel Market Size, By Product (US$ Mn AGR%, CAGR%), 2019-2029
Table 26 Japan: High Strength Steel Market Size, By End User (US$ Mn AGR%, CAGR%), 2019-2029
Table 27 China: High Strength Steel Market Size, By Product (US$ Mn AGR%, CAGR%), 2019-2029
Table 28 China: High Strength Steel Market Size, By End User (US$ Mn AGR%, CAGR%), 2019-2029
Table 29 India: High Strength Steel Market Size, By Product (US$ Mn AGR%, CAGR%), 2019-2029
Table 30 India: High Strength Steel Market Size, By End User (US$ Mn AGR%, CAGR%), 2019-2029
Table 31 Rest of APAC: High Strength Steel Market Size, By Product (US$ Mn AGR%, CAGR%), 2019-2029
Table 32 Rest of APAC: High Strength Steel Market Size, By End User (US$ Mn AGR%, CAGR%), 2019-2029
Table 33 LAMEA: High Strength Steel Market Size, By Country, (US$ Mn AGR%, CAGR%), 2019-2029
Table 34 LAMEA: High Strength Steel Market Size, By Product (US$ Mn AGR%, CAGR%), 2019-2029
Table 35 LAMEA: High Strength Steel Market Size, By End User (US$ Mn AGR%, CAGR%), 2019-2029
Table 36 Latin America: High Strength Steel Market Size, By Product (US$ Mn AGR%, CAGR%), 2019-2029
Table 37 Latin America: High Strength Steel Market Size, By End User (US$ Mn AGR%, CAGR%), 2019-2029
Table 38 Middle East: High Strength Steel Market Size, By Product (US$ Mn AGR%, CAGR%), 2019-2029
Table 39 Middle East: High Strength Steel Market Size, By End User (US$ Mn AGR%, CAGR%), 2019-2029
Table 40 Africa: High Strength Steel Market Size, By Product (US$ Mn AGR%, CAGR%), 2019-2029
Table 41 Africa: High Strength Steel Market Size, By End User (US$ Mn AGR%, CAGR%), 2019-2029
List of Figures
Figure 1 High Strength Steel Market Segmentation
Figure 2 High Strength Steel Market: Research Design
Figure 3 Drivers, Restraints, Opportunities, and Challenges in the High Strength Steel Market
Figure 4 High Strength Steel Market, By Product (2019-2029)
Figure 5 High Strength Steel Market, By End User (2019-2029)
Figure 6 Global High Strength Steel Market, By Region
Figure 7 North America: High Strength Steel Market Snapshot
Figure 8 Europe: High Strength Steel Market Snapshot
Figure 9 APAC: High Strength Steel Market Snapshot
Figure 10 LAMEA High Strength Steel Market Snapshot
Figure 11 Market Share/Ranking
Figure 12 ArcelorMittal S.A.: Financial Snapshot
Figure 13 Voestalpine AG: Financial Snapshot
Figure 14 POSCO Co., Ltd: Financial Snapshot
Figure 15 SSAB: Financial Snapshot
Figure 16 Tata Steel: Financial Snapshot
Figure 17 United States Steel Corporation: Financial Snapshot
Figure 18 ThyssenKrupp AG: Financial Snapshot
Figure 19 Ansteel Group Corporation: Financial Snapshot
Figure 20 AK Steel Corporation: Financial Snapshot
Figure 21 Nucor Corporation: Financial Snapshot
AK Steel Corporation
Angang Steel Company Limited
Ansteel Group Corporation
ArcelorMittal S.A.
Baosteel Group Corporation
China Steel Corporation
Citic
Gerdau S.A.
Hebei Puyong Iron and Steel Group Co., Ltd.
JFE Steel Corporation
Jiangsu Shagang International Trade Co., Ltd.
JSW Steel
Metinvest Holding, LLC
Nippon Steel & Sumitomo Metal Corporation
Novolipetsk Steel (NIMK)
Nucor Corporation
PAO Severstal
POSCO Co., Ltd
SSAB
Steel Authority of India Limited
Tata Steel
ThyssenKrupp AG
United States Steel Corporation
Voestalpine AG
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