High Strength Steel Market: Asia-Pacific is the Fastest Growing Region


Posted July 14, 2016 by Rohan6007

The global high strength steel market was valued at USD 14.27 Billion in 2015, and is projected to reach USD 21.17 Billion by 2021, at a CAGR of 8.2% from 2016 to 2021.

 
High Strength Steels Market was valued at USD 14.27 billion in 2015 and is projected to reach USD 21.17 billion by 2021, at a CAGR of 8.2% from 2016 to 2021. The increasing applicability of high strength steels across varied end-use industries, technological advancements, and the growing demand of high strength steels in the Asia-Pacific region are driving the high strength steels market.

Complete report on High Strength Steels Market spread across 140 pages, profiling 25 companies and supported with 88 tables and 57 figures is now available at Click here .

Dual phase is the fastest-growing segment of the high strength steels market by type, in terms of value. These steels offer outstanding strength. They are widely used in the automotive end-use industry. Some of the major advantages of dual phase steels are that they have high tensile strength, excellent cold workability, and good weld ability.
The automotive segment is the largest segment of the global HSS market, by end-use industry. High strength steels are fuel efficient as it is lightweight in nature. HSS also provides safety owing to its strength, and emits minimum amount of CO2. Due to these added benefits of HSS, conventional steel is likely to be replaced by HSS in the automotive industry. Asia-Pacific is the fastest-growing region for the high strength steels market, globally.
This study has been validated through primary interviews with various industry experts globally. The break-up profile of primary discussion participants is given here Tier 1 (20%); Tier 2 (30%) and Tier 3 (50%) companies were contacted for interviews. The interviews were conducted with various key people such as C Level (30%), Director Level (10%) and other (60%) from various key organizations. The primary interviews were conducted worldwide covering regions such as North America (25%), Europe (20%), Asia-Pacific (40%) and Middle East & Africa (5%) .

As a part of qualitative analysis, the research provides a comprehensive review of the major market drivers, restraints, opportunities, challenges, and regulations. It also discusses competitive strategies adopted by market players across different regions. The companies profiled in this report 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), Baosteel Group (China), Severstal JSC (Russia), ThyssenKrupp AG (Germany), and others.
Ask for a discount before order a copy of High Strength Steel Market by Type (High Strength Low Alloy Steels, Dual Phase Steels, Bake Hardenable Steels, Carbon Manganese Steels, and Others), by End User (Automotive, Construction, and Others), by Region - Global Forecast to 2021 at
http://www.rnrmarketresearch.com/contacts/discount?rname=633277 .

The report offers market estimations and projections till 2021 and offers a complete study of the market dynamics. In addition, the report provides the competitive landscape with major growth strategies adopted by the key players.
On a related note, another research titled with High Heat Foam Market by Type (Silicone, Polyimide, Melamine, Polyethylene, & Others) and by Application (Automotive, Railway, Industrial, Aerospace & Others) - Global Forecasts to 2021. The global high heat foam market (2016–2021) is estimated to reach USD 11.37 billion by 2021 at a CAGR of 8.2%. Now available at
http://www.rnrmarketresearch.com/high-heat-foam-market-by-type-silicone-polyimide-melamine-polyethylene-others-and-by-application-automotive-railway-industrial-aerospace-others-global-forecasts-to-2021-market-report.html .

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Categories Marketing , Research
Tags high strength steel
Last Updated July 14, 2016