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Advanced High-strength Steel Market Analysis and Growth Trends 2019-2024 Tata Steel Limited, ArcelorMittal S.A., NanoSteel, AK Steel Corporation, Nucor Corporation, MTL Advanced Ltd., United States Steel Corporation, Baoshan Iron and Steel

Advanced High-strength Steel Market Analysis and Growth Trends

The global advanced high-strength steel market size was valued at $13,147 million in 2016 and is anticipated to reach $29,151 million by 2023 at a CAGR of 12.2% during the forecast period. Advanced high-strength steel (AHSS) is the new generation of steel grade, which possesses ultra-high-strength, and is widely applicable in the automobile and construction industries. In automotive industry, the adoption of AHSS allows automakers and engineers to ensure complete safety, efficiency, manufacturability, durability, and quality of the vehicle at a significantly low cost. This drives the global advanced high-strength steel market.

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The new grades of AHSS enable car manufacturers to reduce vehicle weight by 30–40% as compared to the conventional steels. In addition, the adoption of this steel saves more than four tons of greenhouse gases emissions, thereby ensuring complete safety to the environment, thereby supplementing the growth of the advanced high-strength steel market.

The report segments the global advanced high-strength steel market based on grade, end user, and region. Depending on grade, the market is divided into dual phase, transformation-induced plasticity, complex phase, and others. By end user, it is classified into automotive, construction, and others. The automotive industry generated the maximum revenue in 2016, and is expected to remain dominant throughout the analysis period. The market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. North America is expected to dominate the global advanced high-strength steel market until 2023.

The prominent players operating in the global advanced high-strength steel market have strategically focused on product launch as their key strategy to gain significant share in the market. The key players profiled in the report include Tata Steel Limited, ArcelorMittal S.A., NanoSteel, AK Steel Corporation, Nucor Corporation, MTL Advanced Ltd., United States Steel Corporation, Baoshan Iron and Steel Co. Ltd., Kobe Steel Ltd., and SSAB AB.

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ADVANCED HIGH-STRENGTH STEEL MARKET SEGMENTS

By Grade

Dual Phase (DP)
Transformation-induced Plasticity (TRIP)
Complex Phase (CP)
Others

By End User

Automotive
Construction
Others

By Region

North America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
LAMEA
Brazil
Argentina
UAE
Saudi Arabia
Africa
Rest of LAMEA

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Table of Content:
Global “Global Advanced High-strength Steel Market” Research Report 2019-2024
Chapter 1: Industry Overview
Chapter 2: Advanced High-strength Steel Market International Market Analysis
Chapter 3: Environment Analysis of Advanced High-strength Steel Market
Chapter 4: Analysis of Revenue by Classifications
Chapter 5: Analysis of Revenue by Regions and Applications
Chapter 6: Analysis of Advanced High-strength Steel Market Revenue Market Status.
Chapter 7: Analysis of Advanced High-strength Steel Market Industry Key Vendors
Chapter 8: Sales Price and Gross Margin Analysis
Chapter 9: Marketing Trader or Distributor Analysis of Advanced High-strength Steel Market
Chapter 10: Development Trend of Advanced High-strength Steel Market Industry 2019-2024
Chapter 11: Industry Chain Suppliers of Advanced High-strength Steel Market with Contact Information
Chapter 12: New Project Investment Feasibility Analysis of Advanced High-strength Steel Market
Chapter 13: Conclusion of the Global Advanced High-strength Steel Market Research Report

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