Global High Strength Steel Market Growth 2023-2029

Global High Strength Steel Market Growth 2023-2029

High Strength Steel is a type of alloy steel that provides better mechanical properties or greater resistance to corrosion than carbon steel. High Strength Steel includes conventional High-Strength Steels and advanced High-Strength Steels (AHSS). The conventional high-strength steels include High Strength Low Alloy Steels, Bake Hardenable Steels, Carbon Manganese Steels, and others. Advanced High-Strength Steels (AHSS) are complex, sophisticated materials, with carefully selected chemical compositions and multiphase microstructures resulting from precisely controlled heating and cooling processes.

LPI (LP Information)' newest research report, the “High Strength Steel Industry Forecast” looks at past sales and reviews total world High Strength Steel sales in 2022, providing a comprehensive analysis by region and market sector of projected High Strength Steel sales for 2023 through 2029. With High Strength Steel sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world High Strength Steel industry.

This Insight Report provides a comprehensive analysis of the global High Strength Steel landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on High Strength Steel portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global High Strength Steel market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for High Strength Steel and breaks down the forecast by type, by lication, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global High Strength Steel.

The global High Strength Steel market size is projected to grow from US$ 32160 million in 2022 to US$ 42150 million in 2029; it is expected to grow at a CAGR of 42150 from 2023 to 2029.

Global High Strength Steel key players include Arcelor Mittal, Baowu, POSCO, Nippon Steel, SSAB, etc. Global top five manufacturers hold a share about 58%. Asia-Pacific is the largest market, with a share about 45%, followed by America and Japan, both have a share about 30% percent. In terms of product, AHSS is the largest segment, with a share over 60%. And in terms of Application, the largest level is Automotive, followed by Hoisting and mining equipment, etc.

This report presents a comprehensive overview, market shares, and growth opportunities of High Strength Steel market by product type, lication, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type

Conventional HSS

AHSS

Segmentation by lication

Automotive

Hoisting and mining equipment

Aviation and Marine

Others

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

Arcelor Mittal

Baowu

POSCO

Nippon Steel

SSAB

Ansteel

United States Steel

Voestalpine

ThyssenKrupp

JFE

Key Questions Addressed in this Report

What is the 10-year outlook for the global High Strength Steel market?

What factors are driving High Strength Steel market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do High Strength Steel market opportunities vary by end market size?

How does High Strength Steel break out type, lication?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.