DUBLIN--(BUSINESS WIRE)--The "Advanced High-strength Steel - Global Market Outlook (2017-2026)" report has been added to ResearchAndMarkets.com's offering.
According to the publisher, the Global advanced high-strength steel market is accounted for $13,650.53 billion in 2017 and is expected to reach $420,07.65 billion by 2026 growing at a CAGR of 13.3%.
Rise in penetration of lightweight components, increase in need to curb CO2 emissions, development of the automotive industry are some of the key factors fueling the market growth. However, availability of substitutes in the market and high production costs of high strength steels due to increased prices of raw materials are restricting the market.
Advanced high-strength steels are complex sophisticated materials containing multiphase microstructures and chemical compositions resulting from precisely controlled cooling and heating processes. These steels possess yield strength of 550 MPa and tensile strength of 780 MPa. They offer high strength and optimized formability, which allows weight reduction and design freedom for various types of crash components and structural reinforcements.
Amongst type, the high strength low alloy segment held considerable market share during the predicted period. These low levels of alloying elements allow easy tempering and quenching of high strength low alloy steels so that high levels of impact toughness and strength can be obtained.
- Angang Steel Company Limited
- Arcelormittal S.A
- Tata Steel
- United States Steel Corporation
- Steel Authority of India Limited
- Baosteel Group Corporation
- Nippon Steel & Sumitomo Metal Corporation
- SSAB AB
- Posco Group
- Voestalpine Ag
WEC Group Ltd.
- Kobe Steel, Ltd.
- AK STEEL HOLDING CORPORATION
- Nucor Corporation
Key Topics Covered:
1 Executive Summary
3 Market Trend Analysis
4 Porters Five Force Analysis
5 Global Advanced High-strength Steel Market, By Type of Material
6 Global Advanced High-strength Steel Market, By Application
7 Global Advanced High-strength Steel Market, By Grade
8 Global Advanced High-strength Steel Market, By End User
9 Global Advanced High-strength Steel Market, By Geography
10 Key Developments
11 Company Profiling
For more information about this report visit https://www.researchandmarkets.com/research/hvbtl2/global_advanced?w=4