High Strength Steel includes conventional High-Strength Steels and advanced High-Strength Steels (AHSS).The conventional High-Strength Steels include High Strength Low Alloy Steels, Bake Hardenable Steels, Carbon Manganese Steels, and others.Advanced High-Strength Steels (AHSS) are complex, sophisticated materials, with carefully selected chemical compositions and multiphase microstructures resulting from precisely controlled heating and cooling processes.
Asia-Pacific is the largest and fastest-growing region in the global High Strength Steel market. Rapid industrialization and infrastructure development offer lucrative growth opportunities to players operating in the high strength steels market. The increasing middle class population, which has led to urbanization and rise in the manufacturing sector, drives the demand of high strength steels in this region. The Asia-Pacific High Strength Steels market is expected to grow at the highest CAGR between 2016 and 2021. Economic growth in countries such as China, India, and Japan are further propelling the growth of the high strength steels market in the Asia-Pacific region.
Some of the key players operating in the global high strength steel market include Arcelor Mittal (Luxembourg), SSAB, POSCO, United States Steel Corporation (U.S.), Voestalpine AG, ThyssenKrupp AG, Baosteel, Ansteel, among others.
The global High Strength Steel market is valued at 27.4 billion US$ in 2018 is expected to reach 40.9 million US$ by the end of 2023, growing at a CAGR of 8.5% during 2018-2023.
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This report focuses on High Strength Steel volume and value at global level, regional level and company level. From a global perspective, this report represents overall High Strength Steel market size by analyzing historical data and future prospect. Regionally, this High Strength Steel report focuses on several key regions: North America, Europe, China and Japan.At company level, this report focuses on the production capacity, ex-factory price, revenue and market share for each manufacturer covered in this report.
The following manufacturers Of High Strength Steel are covered:
- Arcelor Mittal
- United States Steel Corporation
- Voestalpine AG
- ThyssenKrupp AG
High Strength Steel Segment by Regions
- North America
High Strength Steel Segment by Type
- High Strength Low Alloy Steels
- Dual Phase Steels
- Bake Hardenable Steels
- Carbon Manganese Steels
High Strength Steel Segment by Application
- Hoisting and mining equipment
- Aviation & Marine
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