Latest Report Details on Ultra-high Strength Steel Market Size & Share, Growth, Trends and Forecast 2017 - 2025

Research Report on "Ultra-high Strength Steel Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025".

The main objective of this report is to define, describe, and forecast the global “Ultra-high Strength Steel” market on the basis of types of applications, major sectors, deployment models, organization size, and regions. The report contains an analysis of the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges). It aims to strategically analyze the micromarkets with respect to individual growth trends, prospects, and their contribution to the market. The report attempts to forecast the market size for 5 major regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. It contains key vendor profiles and comprehensively analyzes their core competencies. The report also tracks and analyzes competitive developments, including partnerships, collaborations, acquisitions, new product developments, and R&D activities in the market.

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Ultra-high strength steel is a complex material with a selected chemical composition which is obtained from precisely controlled heating and cooling process. This steel has high tensile strength of more than 500 MPa, making it suitable for cold forming of structural components. Various mechanisms are used to strengthen the material and to achieve strength, ductility, toughness, and fatigue properties. Ultra-high strength steel is a lightweight and engineered steel, designed to meet current challenges for stringent regulations on emission reduction at reasonable costs.

Based on the product type, ultra-high strength steel is classified into multiphase, dual phase, complex phase, martensitic, transformation-induced plasticity (TRIP), and twinning-induced plasticity (TWIP). In terms of application, the ultra-high strength steel market is bifurcated into automotive and aerospace & defense. This steel helps attain considerable weight reduction of vehicles in a cost-effective way. It is used in different applications depending up on the requirement.

The automotive industry employs ultra-high strength steel in the automotive industry to achieve improved passenger safety and reduction of body weight of vehicles to increase fuel efficiency, which reduces emission of harmful gases. This has increased the development of ultra-high strength steel having high tensile strength. Components used to make this ultra-high strength steel are less thick, thus reducing the overall weight of the vehicle. Dual phase and TRIP ultra-high strength steels are used in crash zones of vehicles due to their high energy absorption and large elongation. Dual phase steel has high cyclic resistance and prevents initiation of fatigue cracks. Martensitic steel is used in the passenger compartment of a car for structural elements, resulting in improved safety performance. Martensitic steel has high tensile strength which makes it suitable for the cold forming of structural components. TRIP steel has better formability in conjunction with greater component strength.

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Ultra-high strength steel is also used in the defense industry. For instance, blast resistant application, especially for naval ship hulls requires fragment penetration resistance, high stretch ductility, high strength and toughness. This steel is also used to make the body and fittings of missiles due to its light weight and ability to withstand pressure. In motorsport cars, ultra-high strength steel is used in chassis parts and drive shafts where static and fatigue performance is required.

Consumption of dual phase ultra-high strength steel is anticipated to increase during the forecast period. In terms of regions, the ultra-high strength steel market in Asia Pacific is expected to witness the highest growth rate due to the increasing production of automobiles in this region. Japan is anticipated to drive the market in Asia Pacific owing to the presence of major players. Rise in the production of automobiles in Korea and China is also expected to boost the ultra-high strength steel market in Asia Pacific. Aviation and defense industries are expected to consume a major bulk of ultra-high strength steel during the forecast period. Long life-span of the steel and demand for minimal maintenance are key factors driving the demand for ultra-high strength steel.

Key players operating in global ultra-high strength steel market include Schuler Inc., ArcelorMittal Group, Nippon Steel & Sumitomo Metal Corporation, Nucor Corporation, Tata Steel, Usui Kokusai Sangyo Kaisha Ltd., Aubert & Duval, Tenaris, JFE Steel Corporation, Baosteel Group, and Shougang Jingtang United Iron & Steel Co. Ltd.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

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The study is a source of reliable data on:

Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis
The regional analysis covers:

North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

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Highlights of the report:

A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market

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