High Strength Steel Market Scope, Segmentation and Regional Analysis Forecast 2023


Posted October 22, 2018 by MRFRresearch

High Strength Steel Market Is Projected To Grow At average CAGR From 2017 To 2023, Global High Strength Steel Market Industry Categorizes The Global Market By, Industry, Service, Application and Region | High Strength Steel Industry| MRFR

 
Steel is an alloy of carbon, iron, and other elements, which is extensively used in the infrastructure, buildings, machinery, ships, automobiles, and weapons among others. High strength steels are a class of steel that possesses better chemical and mechanical properties. These high strengths have better resistance to corrosion & chemicals and is manufactured to meet specific mechanical properties, unlike normal carbon steel.

Global Key Players and Competition Analysis

Some of the prominent players operating in the global high strength steel market are Arcelor Mittal (Luxembourg), United States Steel Corporation (U.S.), Voestalpine AG (Austria), SSAB (Sweden), Shandong Steel Group (China), SAIL (India), Tata Steels (India), Nippon Steel and Sumitomo Metal Corporation (Japan), POSCO (South Korea), Wuhan Iron and Steel Corporation (China), Tata Steels Limited (India) and Nippon Steel & Sumitomo Metal Corporation (Japan) among others.

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Segmentation Analysis

The global high strength steel market is segmented into product type and end-user industry. Based on the product type, the market is segregated into high strength low alloy steel, dual phase steel, hard enable brake steel, carbon manganese steel, and others. Based on the end-user industry, the global market can be further segmented into automotive, building & construction, mining & other equipment, aviation, marine, military & defense, and others.

Regional Analysis

The High Strength Steel Market is segmented into five regions: Europe, Latin America, Asia Pacific, North America, and the Middle East & Africa. Among these, Asia Pacific is the leading region in the market and is expected to exhibit an expanding CAGR during the forecast period.

Market Scope

Among the various product segments in high strength steel market, high strength low alloy steel is leading and is anticipated to continue dominating over the forecast period. The properties such as ductile, easy to weld, and formable has augmented the use of these steel in the automobile industry.

Browse the market data and information spread across 139 pages with 43 data tables and 43 figures of the report “High Strength Steel Market Research Report- Forecast to 2023” in-depth alongside table of content (TOC) at: https://www.marketresearchfuture.com/reports/high-strength-steel-market-5638
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Last Updated October 22, 2018