The global advanced high strength steel market study presents an all in all compilation of the historical, current and future outlook of the market as well as the factors responsible for such a growth. With SWOT analysis, the business study highlights the strengths, weaknesses, opportunities and threats of each advanced high strength steel market player in a comprehensive way. Further, the advanced high strength steel market report emphasizes the adoption pattern of the advanced high strength steel market across various industries.

The advanced high strength steel market remains a consolidated landscape, with the monopoly of the leading players. Buoyancy of the leading players in the advanced high strength steel market can be attributed to their global presence, and high orientation toward R&D activities.

Sales of advanced high strength steel have witnessed a significant surge, in line with growing preference of end-use industries for materials with favorable mechanical properties. The demand for advanced high strength steel is likely to surpass 13,800 KT in 2019, registering an upswing from 2018, as per the latest research study by Fact.MR.

Interest in enhancing fuel economy and vehicular safety continues to grow across both developed and developing economies, creating sustained opportunities for manufacturers of advanced high strength steel. The report opines that growing demand for advanced high strength steel has translated into a massive influx of innovative and new products, well aligned with end-user interest vis-à-vis high strength and optimal performance.

The advanced high strength steel market report highlights the following players:

United States Steel Corporation
ThyssenKrupp AG
Tata Steel Ltd
Steel Technologies LLC
SSAB AB
POSCO
Nucor Corp
Big River Steel
Baoshan Iron & Steel Co., Ltd
ArcelorMittal SA.
AK Steel Holding Corp

The advanced high strength steel market report examines the operating pattern of each player – new product launches, partnerships, and acquisitions – has been examined in detail.

According to the Fact.MR report, end-user preference for dual phase advanced high strength steel (AHSS) continues to remain intact, with global sales likely to exceed 10,300 KT in 2019. Dual phase advanced high strength steel, otherwise known as ‘DP-AHSS’, offers immense scope for developing lighter and thinner components without compromising on strength, which is one among the chief factors boosting its adoption across multiple end-use verticals. Martensitic advanced high strength steel is also estimated to join the trail in terms of demand in 2019 and beyond, as end-users continue to demonstrate marked preferences for steel solutions offering robust mechanical strength.

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The Fact.MR analysis finds that AHSS variants with moderate tensile strength will continue to remain preferred, on account of high use across a range of applications. This report opines that AHSS with ‘600-900 MPa’ tensile strength will remain the top-selling variant, with global sales estimated to exceed 7,000 KT in 2019.

Important regions covered in the advanced high strength steel market report include:

North America
Latin America
Europe
East Asia
South Asia and Oceania
Middle East and Africa

The advanced high strength steel market report takes into consideration the following segments by applications:

Structural details
Car Seats
Bumpers
Chassis, wheels & power train
Side impact beams

The advanced high strength steel market report contain the following tensile strength:

Up to 600 MPa
600-900 MPa
900-1200 MPa
1200-1500 MPa
Above 1500 MPa

Advanced High Strength Steel Witness High Adoption in Development of Structural Details & Reinforcements

According to the Fact.MR report, advanced high strength steel will witness extensive adoption in development of structural details. Advanced high strength steel are widely used for crafting structural details and reinforcements as they offer immense scope for weight optimization and freedom of design. This, in turn, makes it a lucrative application target for the manufacturers in terms of profitability. Moreover, use of advanced high strength steel in manufacturing car seats is also gaining substantial traction, as car seat components are subject to strict safety standards.

As per Fact.MR’s analysis, Europe remains a highly profitable region for the manufacturers of advanced high strength steel. Demand for advanced high strength steel remains high in Europe, notably in the EU 5 countries, where the automakers are striving to reduce weight of vehicles in a bid to meet futuristic regulations vis-à-vis tailpipe emissions. The Fact.MR report unveils that Europe will continue to be the largest market for advanced high strength steel in 2019, with North America following suit.

Offering products with excellent strength and high computability with end-use applications remains a key focal point for manufacturers of advanced high strength steel. Realizing the competition level in the global market space, manufacturers are vying to be well-positioned to capitalize on the evolving market trends. Manufacturers of advanced high strength steel are analyzing the short- and long-term consequences of incorporating new designs in a bid to constantly push their performance boundaries via launch of new products.

The advanced high strength steel market report offers a plethora of insights which include:

Changing consumption pattern among individuals globally.
Historical and future progress of the global advanced high strength steel market.
Region-wise and country-wise segmentation of the advanced high strength steel market to understand the revenue, and growth lookout in these areas.
Accurate Year-on-Year growth of the global advanced high strength steel market.
Important trends, including proprietary technologies, ecological conservation, and globalization affecting the global advanced high strength steel market.

The advanced high strength steel market report answers important questions which include:

How will the global advanced high strength steel market grow over the forecast period?
Which end use industry is set to become the leading consumer of advanced high strength steel market by 2029?
What manufacturing techniques are involved in the production of the advanced high strength steel market?
Which regions are the advanced high strength steel market players targeting to channelize their production portfolio?

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Why Choose Fact.MR?

Fact.MR follows a multi- disciplinary approach to extract information about various industries. Our analysts perform thorough primary and secondary research to gather data associated with the market. With modern industrial and digitalization tools, we provide avant-garde business ideas to our clients. We address clients living in across parts of the world with our 24/7 service availability.