High Strength Steel Market Size, Share & Industry Analysis, By Type (High Strength Low Alloy (HSLA), Dual Phase (DP), Transformation Induced Plasticity (TRIP), Martensitic (MS), and Others), By Application (Automotive, Building & Construction, Mechanical & Heavy Equipment, Rail, Aviation & Marine, and Others), and Regional Forecast 2020-2029 (Includes COVID-19 Business Impact)

                                          
We have updated High Strength Steel Market with respect to COVID-19 Business Impact.
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This report focuses on the High Strength Steel market and value at the global level, regional level, and company level. From a global perspective, this report represents the overall High Strength Steel market size by analyzing historical data and future prospects. Regionally, this report focuses on several key regions: North America, Europe, Japan, China, Southeast Asia, India, Latin America, and South America.


Global High Strength Steel Market: Segment Analysis


The research report includes specific segments by region (country), by Company, by Type, and by Application. This study provides information about the sales and revenue during the historic and forecasted period of 2019 to 2029. An in-depth analysis of the segments assists in identifying the different factors that will aid market growth.


Global High Strength Steel Market: Regional Analysis


The research report includes a detailed study of regions of North America, Europe, Japan, China, Southeast Asia, India, Latin America, and South America. The report has been curated after observing and studying various factors that determine regional growth such as the economic, environmental, social, technological, and political status of the particular region. Researchers have studied the data of revenue, sales, and manufacturers of each mentioned region. This section analyses region-wise revenue and volume for the forecast period of 2019 to 2029.


Global High Strength Steel Market: Competitive Landscape


This section of the report identifies various key manufacturers of the market. It helps the reader understand the strategies and collaborations that players are focusing on combat competition in the market. The comprehensive report provides a significant microscopic look at the market. The reader can identify the footprints of the manufacturers by knowing about the global revenue of manufacturers, the global price of manufacturers, and sales by manufacturers during the forecast period of 2019 to 2029.
List of Companies Profiled

  
ArcelorMittal S.A.
  
Baosteel Group Corporation
  
Nippon Steel & Sumitomo Metal Corporation
  
HBIS Group
  
Posco Group
  
JFE Steel Corporation
  
United States Steel Corporation
  
China Steel Corporation
  
Steel Authority of India Limited (SAIL)
  
Tata Steel
  
Angang Steel Company Limited
  
Hebei Puyong Iron and Steel Group Co., Ltd.
  
JSW Steel
  
SSAB AB
  
Novolipetsk Steel (NLMK)
  
CITIC Pacific Special Steel Holdings
  
Hyundai Steel Company
  
Voestalpine AG
  
Nucor Corporation
  
Thyssenkrupp Ag
  
Metinvest Holding, LLC
  
PAO Severstal
  
Gerdau S.A.
  
Shandong Iron and Steel Group
  
Other Key Players

REPORT COVERAGE
A growing trend observed is the penetration of the high strength steel market across industries such as automotive & transportation, construction, mechanical & heavy equipment, energy, and electronics.

An Infographic Representation of High Strength Steel Market

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The high strength steel market report provides qualitative and quantitative insights on this market and a detailed analysis of market size & growth rate for all possible segments in the market. The high strength steel market is segmented by type, application, and geography. Based on the type, the market is classified into high strength low alloy, dual phase, transformation induced plasticity, martensitic and others. By application, the market is divided into automotive; building & construction; mechanical & heavy equipment; rail, aviation & marine; and others. Geographically, the market has been analyzed across five major regions, which are North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. These regions are further categorized into countries.
Along with this, the report provides an elaborative analysis of the market dynamics and competitive landscape. Various key insights presented in the report are the price trend analysis, recent industry developments in the global high strength steel market, the regulatory scenario in crucial countries, macro, and microeconomic factors, SWOT analysis, and key industry trends, competitive landscape, and company profiles.

Report Scope & Segmentation

 

Segmentation

By Type

  
High Strength Low Alloy (HSLA)
  
Dual Phase (DP)
  
Transformation Induced Plasticity (TRIP)
  
Martensitic (MS)
  
Others

By Application 

  
Automotive
  
Building & Construction
  
Mechanical & Heavy Equipment
  
Rail, Aviation & Marine
  
Others

By Geography

  
North America (U.S., and Canada)
  
Europe (Germany, France, Italy, Spain, UK, Poland, Russia, and Rest of Europe)
  
Asia-Pacific (China, India, Japan, South Korea, Southeast Asia, and Rest of Asia-Pacific)
  
Latin America (Brazil, Mexico, Argentina, and Rest of Latin America)
  
Middle East & Africa (Saudi Arabia, Egypt, Turkey, Iran, and Rest of Middle East & Africa)

Key Industry Developments

In December 2019, ArcelorMittal and Nippon Steel & Sumitomo Metal Corporation jointly acquired Essar Steel India Limited and formed a joint venture named ArcelorMittal Nippon Steel India Limited. Essar Steel India Limited was Indias fourth largest steelmaker. ArcelorMittal will hold 60% share in this joint venture and Nippon Steel will hold the remaining 40% share. This acquisition and joint venture will help the companies to serve the steel demand in India.

In June 2018, Nippon Steel & Sumitomo Metal Corporation acquired Ovako AB, a specialty steel producer in Sweden which has developed a global top-level technology about high-cleanliness steel for bearing steel and other related products. With this acquisition the company expects to strengthen its special steel businesses and develop a global business promotion system to meet the rising steel demand.

In December 2019, HBIS Group and POSCO Group have signed a memorandum of understanding (MoU) to form a joint venture for the development, production, and sell of high-end steel products in China for automobile industry. With this joint venture the companies aim to grab the opportunities in automotive industry in China.