High Strength Steel Market Analysis and Professional Survey 2018-2023

The global report titled “High Strength Steel Market” has been presented by ReportsnReports. It evaluates the key market trends, advantages, and factors that are pushing the overall growth of the market.

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The High Strength Steel Market is projected to grow from USD 27.32 Billion in 2018 to USD 40.85 Billion by 2023, at a CAGR of 8.4% between 2018 and 2023.


Top Companies Profiled in the High Strength Steel Market:

  • Voestalpine AG (Austria)
  • POSCO Group (South Korea)
  • ArcelorMittal S.A. (Luxembourg)
  • SSAB AB (Sweden)
  • Nippon Steel & Sumitomo Metal Corporation (Japan)
  • Tata Steel (India)
  • Steel Authority of India Limited (India)
  • United States Steel Corporation (US)
  • Baosteel Group Corporation (China)
  • Severstal JSC (Russia)
  • ThyssenKrupp AG (Germany)
  • JFE Steel Corporation (Japan)
  • Nucor Corporation (US)
  • JSW Steel (India)


Based on type, the high strength low alloy segment of the high strength steel market is expected to witness the highest growth during the forecast period. The growth of this segment of the market can be attributed to the increased use of high strength low alloy steels for manufacturing body panels of automobiles as they increase fuel efficiency of automobiles by reducing their weight by approximately 60%.


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Based on end-use industry, the high strength steel market has been segmented into automotive, construction, yellow good & mining equipment, aviation & marine, and others. The automotive end-use industry segment is projected to lead the high strength steel market from 2018 to 2023 due to the increasing use of high strength steels in the automotive industry for manufacturing body and various other components of automobiles.


Table of Contents:

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 Currency & Pricing

1.5 Limitations

1.6 Stakeholders


2 Research Methodology

2.1 Research Data

2.1.1 Secondary Data Key Data From Secondary Sources

2.1.2 Primary Data Key Data From Primary Sources Key Industry Insights Breakdown of Primaries

2.2 Market Size Estimation

2.2.1 Bottom-Up Approach

2.2.2 Top Down Approach

2.3 Market Breakdown & Data Triangulation

2.4 Research Assumptions


3 Premium Insights

3.1 The High Strength Steel Market is Expected to Witness Significant Growth Between 2018 and 2023

3.2 High Strength Steel Market, By Region

3.3 High Strength Steel Market, By Type and End-Use Industry

3.4 High Strength Steel Market, By Type

3.5 High Strength Steel Market, By Region

3.6 High Strength Steel Market: Emerging vs Developed Economies


4 Executive Summary

4.1 High Strength Steel Market, By Type

4.2 High Strength Steel Market, By Region

4.3 High Strength Steel Market, By End-Use Industry


5 Market Overview

5.1 Introduction

5.2 Market Dynamics

5.2.1 Drivers Increasing Consumption of High Strength Steels in the AutomotiveAnd Construction Industries Effective Characteristics of High Strength Steels

5.2.2 Restraints High Production Costs of High Strength Steels Due to Increased Prices of Raw Materials

5.2.3 Opportunities Increased Investments and Required Support From GovernmentsOf Different Countries Increased Consumption of High Strength Steels in Emerging Economies

5.2.4 Challenges Advancements in the Grades of Advanced High Strength SteelsAnd Ultra-High Strength Steels

5.3 Porter’s Five Forces Analysis

5.3.1 Bargaining Power of Suppliers

5.3.2 Threat of New Entrants

5.3.3 Threat of Substitutes

5.3.4 Bargaining Power of Buyers

5.3.5 Intensity of Competitive Rivalry


6 High Strength Steel Market, By Type

6.1 Introduction

6.2 High Strength Low Alloy (HSLA)

6.3 Dual Phase (DP)

6.4 Bake Hardenable (BH)

6.5 Carbon Manganese (CMN)

6.6 Others

…..And More


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