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.
This report aims to provide a comprehensive presentation of the global market for High Strength Steel, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding High Strength Steel. This report contains market size and forecasts of High Strength Steel in global, including the following market information:
Global High Strength Steel Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global High Strength Steel Market Sales, 2018-2023, 2024-2029, (K Ton)
Global top five High Strength Steel companies in 2022 (%)
The global High Strength Steel market was valued at US$ 33820 million in 2022 and is projected to reach US$ 43430 million by 2029, at a CAGR of 3.6% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
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.
We surveyed the High Strength Steel manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global High Strength Steel Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (K Ton)
Global High Strength Steel Market Segment Percentages, by Type, 2022 (%)
Global High Strength Steel Market, Application, 2018-2023, 2024-2029 ($ Millions) & (K Ton)
Global High Strength Steel Market Segment Percentages, Application, 2022 (%)
- Automotive
- Hoisting and mining equipment
- Aviation and Marine
- Others
Global High Strength Steel Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (K Ton)
Global High Strength Steel Market Segment Percentages, By Region and Country, 2022 (%)
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Italy
- Russia
- Nordic Countries
- Benelux
- Rest of Europe
- Asia
- China
- Japan
- South Korea
- Southeast Asia
- India
- Rest of Asia
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- Turkey
- Israel
- Saudi Arabia
- UAE
- Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
- Key companies High Strength Steel revenues in global market, 2018-2023 (Estimated), ($ millions)
- Key companies High Strength Steel revenues share in global market, 2022 (%)
- Key companies High Strength Steel sales in global market, 2018-2023 (Estimated), (K Ton)
- Key companies High Strength Steel sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
- Arcelor Mittal
- Baowu
- POSCO
- Nippon Steel
- SSAB
- Ansteel
- United States Steel
- Voestalpine
- ThyssenKrupp
- JFE
Outline of Major Chapters:
- Chapter 1: Introduces the definition of High Strength Steel, market overview.
- Chapter 2: Global High Strength Steel market size in revenue and volume.
- Chapter 3: Detailed analysis of High Strength Steel manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
- Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
- Chapter 5: Provides the analysis of various market segments by lication, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
- Chapter 6: Sales of High Strength Steel in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
- Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
- Chapter 8: Global High Strength Steel capacity by region & country.
- Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
- Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
- Chapter 11: The main points and conclusions of the report.
