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 steels 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.
Market Analysis and Insights: Global High Strength Steel Market
The global High Strength Steel market is valued at US$ 800.6 million in 2019. The market size will reach US$ 1258.5 million by the end of 2026, growing at a CAGR of 6.6% during 2021-2026.
Global High Strength Steel Scope and Segment
High Strength Steel market is segmented by Type, and by Application. Players, stakeholders, and other participants in the global High Strength Steel market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2016-2027.
Segment by Type
Conventional HSS
AHSS
Segment by Application
Automotive
Hoisting and Mining Equipment
Aviation & Marine
Others
By Company
Arcelor Mittal
National Material LP
POSCO
United States Steel Corporation
Olympic Steel
SSAB
Voestalpine AG
ThyssenKrupp AG
Leeco Steel
Baowu
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E
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 steels 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.
Market Analysis and Insights: Global High Strength Steel Market
The global High Strength Steel market is valued at US$ 800.6 million in 2019. The market size will reach US$ 1258.5 million by the end of 2026, growing at a CAGR of 6.6% during 2021-2026.
Global High Strength Steel Scope and Segment
High Strength Steel market is segmented by Type, and by Application. Players, stakeholders, and other participants in the global High Strength Steel market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2016-2027.
Segment by Type
Conventional HSS
AHSS
Segment by Application
Automotive
Hoisting and Mining Equipment
Aviation & Marine
Others
By Company
Arcelor Mittal
National Material LP
POSCO
United States Steel Corporation
Olympic Steel
SSAB
Voestalpine AG
ThyssenKrupp AG
Leeco Steel
Baowu
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
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