Pune, India -- (SBWire) -- 08/06/2018 --Global High Strength Steel Market report provides key information about the industry, including invaluable facts and figures, expert opinions and the emerging technology across the globe. High Strength Steel industry Report also calculate the market size, the report considers the revenue generated from the sales of This Report and technologies by various application segments.
Secondly the study, besides estimating the High Strength Steel market potential till 2025, analyses on who can be the market leaders and what partnerships would help them to capture the market share. High Strength Steel report gives an overview about the dynamics of the market, by discussing various aspects such as drivers, restraints, Porter's 5 forces, value chain, customer acceptance and investment scenario.
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Global High Strength Steel Market is expected to reach USD 32.62 billion by 2025, from USD 17.24 billion in 2017, growing at a CAGR of 8.3% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic years 2015 & 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
Major Market Competitors/Players: Global High Strength Steel Market
- Voestalpine AG,
- POSCO ,
- ArcelorMittal S.A. ,
- SSAB AB ,
- NIPPON STEEL & SUMITOMO METAL CORPORATION ,
- Tata Steel ,
- SAIL ,
- United States Steel,
- Baosteel Group,
- Severstal JSC ,
- ThyssenKrupp AG ,
- JFE Steel Corporation,
- Nucor
- JSW
- Among Others
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Global High Strength Steel Market, By Type (High Strength Low Alloy, Dual Phase, Bake Hardenable, Carbon Manganese), By End-Use Industry (Automotive, Yellow Goods & Mining Equipment, Construction, Aviation & Marine), By Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)– Industry Trends and Forecast to 2025
Competitive landscape :
Global High Strength Steel Market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares high strength steel market for global, Europe, North America, Asia Pacific and South America.
Major Market Drivers and Restraints:
- Increasing consumption of high strength steels in the automotive and construction
- Effective characteristics of high strength steels
- High production costs of high strength steels due to increased prices of raw materials
- Increased consumption of high strength steels in emerging economics
- Advancements in the grades of advanced high strength steels and ultra-high strength steels
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Market Segmentation: Global High Strength Steel Market
- The global high strength steel market is segmented based on type, end-use industry and geographical segments.
- Based on type, the global high strength steel market is segmented into high strength low alloy, dual phase, bake hardenable, carbon manganese and others.
- On the basis of end-use industry, the global high strength steel market is segmented into automotive, yellow goods & mining equipment, construction, aviation & marine and others.
- Based on geography, the global high strength steel market report covers data points for 28 countries across multiple geographies namely North America & South America, Europe, Asia-Pacific and, Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa and, Brazil among others.
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High Strength Steel Market 2018: Industry Segmentation, Manufacturing Cost Analysis Including Key Raw Materials, Price Trend, Key Suppliers and Projection Till 2025
Global High Strength Steel Market is expected to reach USD 32.62 billion by 2025, from USD 17.24 billion in 2017, growing at a CAGR of 8.3% during the forecast period of 2018 to 2025.