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At a CAGR of 8.4% | High Strength Steel Market Worth $40.85 billion by 2023

ReportsnReports offers a latest published report on “High Strength Steel Market” delivering key insights and providing a competitive advantage to clients through a detailed report. The report contains 173 pages which highly exhibit on current market analysis scenario, upcoming as well as future opportunities, revenue growth, pricing and profitability.

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The High Strength Steel Market is projected to grow from USD 27.32 Billion in 2018 to USD 40.85 Billion by 2023, at a CAGR of 8.4% between 2018 and 2023.

Top Companies Profiled in the High Strength Steel Market:

  • Voestalpine AG (Austria)
  • POSCO Group (South Korea)
  • ArcelorMittal S.A. (Luxembourg)
  • SSAB AB (Sweden)
  • Nippon Steel & Sumitomo Metal Corporation (Japan)
  • Tata Steel (India)
  • Steel Authority of India Limited (India)
  • United States Steel Corporation (US)
  • Baosteel Group Corporation (China)
  • Severstal JSC (Russia)
  • ThyssenKrupp AG (Germany)
  • JFE Steel Corporation (Japan)
  • Nucor Corporation (US)
  • JSW Steel (India)

Based on type, the high strength low alloy segment of the high strength steel market is expected to witness the highest growth during the forecast period. The growth of this segment of the market can be attributed to the increased use of high strength low alloy steels for manufacturing body panels of automobiles as they increase fuel efficiency of automobiles by reducing their weight by approximately 60%.

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Based on end-use industry, the high strength steel market has been segmented into automotive, construction, yellow good & mining equipment, aviation & marine, and others. The automotive end-use industry segment is projected to lead the high strength steel market from 2018 to 2023 due to the increasing use of high strength steels in the automotive industry for manufacturing body and various other components of automobiles.

Breakdown of primary participants’ profile:

  • By Company Type: Tier 1 – 20%, Tier 2 – 30%, and Tier 3 – 50%
  • By Designation: C-Level – 30%, Director-Level – 10%, and Others – 60%
  • By Region: Europe – 20%, Asia Pacific – 40%, North America – 25%, South America –10%, and the Middle East & Africa – 5%

Competitive Landscape of High Strength Steel Market:

1 Introduction

1.1 Expansions: the Most Popular Growth Strategy

2 Posco Group (South Korea): the Most Active Player in the High Strength Steel Market Between January 2012 and February 2018

3 Competitive Situations & Trends

3.1 Expansions

3.2 New Product Developments

3.3 Agreements, Contracts, and Collaborations

3.4 Mergers & Acquisitions

3.5 Divestments

3.6 Joint Ventures

Research Coverage:

This report offers an overview of the trends, drivers, restraints, challenges, and opportunities with respect to the high strength steel market. It also provides a detailed overview of the high strength steel market across five regions, namely, Asia Pacific, Europe, North America, the Middle East & Africa, and South America. The report categorizes the high strength steel market based on type and end-use industry.

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