High Strength Steel Market to reach at a CAGR of 7.9% by 2019-2026| Shandong Iron And Steel, BENXI STEEL, JFE Steel

HTF Market Intelligence released a new research report of 100 pages on title 'North America High Strength Steel Market Companies Profiles, Size, Share, Growth, Trends and Forecast to 2026' with detailed analysis, forecast and strategies. The study covers key regions and important players such as Shandong Iron And Steel, BENXI STEEL, JFE Steel etc.

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Summary
North America high strength steel market is expected to reach at a CAGR of 7.9% in the forecast period of 2019 to 2026. The new market report contains data for historic year 2017, the base year of calculation is 2018 and the forecast period is 2019 to 2026.
Market Segmentation
By Grade (High Strength Low alloy, Dual Phase, Transformation Inducted Plasticity, Bake hardenable, Rephosphorised steel and Interstitial Free) , Product Type (Cold Rolled, Hot Rolled, Metallic Coated and Direct Rolled), End User (Automotive, Construction, Heavy Machinery, Ship Building, Aerospace, Energy & Power, Packaging, Consumer Goods), Geography (U.S., Mexico and Canada).

Major growing sectors under the market segmentation are as follows:
• In grade type, the High Strength Low alloy dominate the market and holds the majority of share in the market as it has low carbon content and improved toughness and enhance corrosion resistance of the final products. However, dual phase is expected to grow with the highest CAGR owing to its low yield to strength ratio which propels its demand in automotive, construction, heavy machinery and other end use industry.

• In product type, the Cold rolled high strength steel dominate the market and holds the major share in the market owing to their easy handling, excellent dimensional accuracy and good finish of the final product.

• In end use industry, the automotive is dominating in the market as high demand for high strength steel in light weight application. Rising production of high end cars and light weight vehicles is anticipated to strengthen the consumption of high strength steel in coming years.

Key Market Players

The key market players for North America high strength steel market are listed below:
• Arcelormittal S.A.
• United States Steel
• POSCO
• Nippon Steel & Sumitomo Metal Corporation
• SSAB AG
• Tata Steel
• JSW Steel Limited
• SAIL
• NUCOR
• HBIS Group
• HYUNDAI STEEL
• AK Steel Corporation
• VOESTALPINE AG
• Angang Steel Company Limited
• Shanghai Baosteel Chemical Co., Ltd. (A Subsidiary Of Baosteel Co., Ltd)
• Shougang.Com
• Thyssenkrupp AG
• Shandong Iron And Steel Group Co., Ltd.
• BENXI STEEL GROUP
• JFE Steel Corporation

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By Grade (High Strength Low alloy, Dual Phase, Transformation Inducted Plasticity, Bake hardenable, Rephosphorised steel and Interstitial Free) , Product Type (Cold Rolled, Hot Rolled, Metallic Coated and Direct Rolled), End User (Automotive, Construction, Heavy Machinery, Ship Building, Aerospace, Energy & Power, Packaging, Consumer Goods), Geography (U.S, Mexico and Canada).

Market Definition
High strength steel is defined as steel that has yield strength ranging between 210-550 MPa and a tensile strength 270 to 700MPa. On the basis of mechanical properties steel is classified under the various categories such as high strength, advanced high strength and ultra-high strength steel. High strength steel has high demand in applications which require excellent strength and low weight properties. Moreover, this type of steel has popular demand in application to improve the mechanical properties in various end use industries including automotive, construction, heavy machinery, ship building, aerospace, energy & power, packaging, consumer goods, and among others. Additionally, high strength steel also enhances performance of the final products as it provides wear resistance, increase durability and improves overall fuel efficiency. High strength steel also reduce production cost, provide environmental & financial advantages in various application of automotive and construction sectors such as structural designing of auto parts, lifting equipment, materials handling, trailers and others.

Market Segmentation
North America high strength steel market is segmented into three notable segments which are Grade type, product type and end users.
On the basis of grade type, the market is segmented into high strength low alloy, dual phase, transformation inducted plasticity, bake hardenable, rephosphorised steel, interstitial free and others
On the basis of product type, the market is segmented into cold rolled, hot rolled, metallic coated and direct rolled.
On the basis of end users, the market is segmented into automotive, construction, heavy machinery, ship building, aerospace, energy & power, packaging, consumer goods and others.
Market Players
Arcelormittal S.A. dominated the high strength steel market accounting largest market share followed by United States Steel, POSCO along with other players such as
• Tata Steel
• NUCOR
• HBIS Group
• HYUNDAI STEEL
• AK Steel Corporation
• VOESTALPINE AG
• SSAB AG
• Angang Steel Company Limited
• Shanghai Baosteel Chemical Co., Ltd. (A Subsidiary Of Baosteel Co., Ltd)
• Shougang.Com
• Thyssenkrupp AG
• Shandong Iron And Steel Group Co., Ltd.
• BENXI STEEL GROUP
• JFE Steel Corporation
• Nippon Steel & Sumitomo Metal Corporation
• SAIL
• JSW Steel Limited

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TABLE OF CONTENTS
1 INTRODUCTION
1.1 OBJECTIVES OF THE STUDY
1.2 MARKET DEFINITION
1.3 OVERVIEW OF NORTH AMERICA HIGH STRENGTH STEEL MARKET
1.4 CURRENCY AND PRICING
1.5 LIMITATION
1.6 MARKETS COVERED

2 MARKET SEGMENTATION
2.1 MARKETS COVERED
2.2 GEOGRAPHIC SCOPE
2.3 YEARS CONSIDERED FOR THE STUDY
2.4 CURRENCY AND PRICING
2.5 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 PREMIUM INSIGHTS

5 MARKET OVERVIEW
5.1 DRIVERS
5.2 RESTRAINTS
5.3 OPPORTUNITIES
5.4 CHALLENGES

6 NORTH AMERICA HIGH STRENGTH STEEL MARKET, BY GRADE TYPE
6.1 OVERVIEW
6.2 HIGH STRENGTH LOW ALLOY
6.3 DUAL PHASE
....Continued

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