Global High Strength Steel Market Forecast 2020-2027
The
global high
strength steel market is expected to reach USD 46.62 Billion by
2026, according to a new report by Reports and Data. High strength steel is
mainly deployed for structural applications as well as in the automobile
industry. The growing need to reduce the weight of the automotive and thus,
consumption of energy, is expected to stimulate product demand in the upcoming
years. Further, increasing investments by steel manufacturers in the research
and development activities is anticipated to drive the market growth in the
forecast period. At present, the body of a passenger car comprises around 80%
high strength steel, the bulk of which is HSLA steel and an increasing share is
multiphase steel. The rapid growth of the aerospace industry and increasing
rate industrialization and urbanization in emerging economies is forecasted to
open a window of opportunities for the players in the market.
Furthermore,
the report is furnished with the latest impact of the COVID-19 pandemic on the
market. The pandemic has affected every segment of the market, along with
bringing disruption in the supply chain, demands & trends, and financial
difficulties. The report covers the initial and future assessment of the
COVID-19 impact on the market.
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The
report covers the market dynamics analysis, company profiles, production and
manufacturing capacity, product specifications, product value, and key players.
The report also offers an insight into the growth prospects during the forecast
period. The High Strength Steel Market report also offers detailed data on the
key market players to impart a deeper understanding of the competitive
landscape. The report focuses on the key market elements to ensure the readers
gain a competitive advantage and maximum benefit of the market data to assist
them in achieving substantial growth and an advantageous position in the global
market.
The major companies profiled in the report are:
Arcelor
Mittal S.A., United States Steel Corporation, Baosteel Group Corporation, TATA
Steel, SSAB AB, Nippon Steel & Sumitomo Steel Corporation, POSCO, Steel
Authority of India Limited, Anang Steel Company Limited, Nucor Corporation, JSW
Steel, and JSW Steel, among others.
Product Type Outlook (Volume, Kilo Tons; 2016-2026 and
Revenue, USD Million; 2016-2026)
High-Strength
Low-Alloy (HSLA) Steel, Transformation-Inducted Plasticity (TRIP) Steel, Bake
Hardenable (BH) Steel, Dual-Phase (DP) Steel, Carbon Manganese Steel, Others
Application Outlook (Volume, Kilo Tons; 2016-2026 and
Revenue, USD Million; 2016-2026)
Body
& Closures, Suspensions, Bumpers, Others
Industry Vertical Outlook (Volume, Kilo Tons;
2016-2026 and Revenue, USD Million; 2016-2026)
Automotive,
Construction, Aerospace, Mining, Others.
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The
report further provides an extensive analysis of the key geographical regions
where the market is spread and offers a comprehensive overview of the market
size, market share, revenue generation, production and consumption patterns,
supply and demand ratio, and import/export ratio, among others.
Based on the regions, the report covers the following
regions:
•
North
America (U.S.A.,
Canada)
•
Europe
(U.K., Italy, Germany, France, Rest of
EU)
•
Asia-Pacific
(India, Japan, China, South Korea,
Australia, Rest of APAC)
•
Latin
America (Chile,
Brazil, Argentina, Rest of Latin America)
•
The
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key Coverage of the Report:
·
An in-depth analysis of
the historical years and the forecast period has been offered in the report
·
High Strength Steel
Market dynamics, including key drivers, challenges, restraints, threats, and
growth opportunities have been analyzed in reports
·
SWOT analysis and
Porter’s Five Forces analysis with feasibility analysis and investment return
analysis
·
Competitive landscape
benchmarking along with a comprehensive overview of their company profiles,
product portfolios, strategic business decisions, and financial standings
·
The report covers mergers
and acquisitions, product launches and brand promotions, joint ventures,
collaborations, and partnerships among few
·
Pictorial representation
of the key statistical data into graphs, tables, charts, diagrams, and figures
·
An in-depth analysis of
the current and emerging market trends and developmental patterns
To
know more about the report, visit @ https://www.reportsanddata.com/report-detail/high-strength-steel-market
Thank
you for reading our report. To know more about customization options, please
get in touch with us. Our team will ensure the report is tailored to suit your
requirements.
Contact Us:
John
W
Head
of Business Development
Direct
Line: +1-212-710-1370
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sales@reportsanddata.com
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