DUBLIN--(BUSINESS WIRE)--The "Advanced High-strength Steel Market by Grade and End User - Global Opportunity Analysis and Industry Forecast, 2017-2023" report has been added to ResearchAndMarkets.com's offering.
The global advanced high-strength steel market size was valued at $13,147 million in 2016 and is anticipated to reach $29,151 million by 2023 at a CAGR of 12.2% during the forecast period.
Advanced high-strength steel (AHSS) is the new generation of steel grade, which possesses ultra high-strength, and is widely applicable in the automobile and construction industries. In automotive industry, the adoption of AHSS allows automakers and engineers to ensure complete safety, efficiency, manufacturability, durability, and quality of the vehicle at a significantly low cost. This drives the global advanced high-strength steel market.
The new grades of AHSS enable car manufacturers to reduce vehicle weight by 30-40% as compared to the conventional steels. In addition, the adoption of this steel saves more than four tons of greenhouse gases emissions, thereby ensuring complete safety to the environment, thereby supplementing the growth of the advanced high-strength steel market.
The report segments the global advanced high-strength steel market based on grade, end user, and region. Depending on grade, the market is divided into dual phase, transformation-induced plasticity, complex phase, and others. By end user, it is classified into automotive, construction, and others. The automotive industry generated the maximum revenue in 2016, and is expected to remain dominant throughout the analysis period.
- Tata Steel Limited
- ArcelorMittal S.A.
- AK Steel Corporation
- Nucor Corporation
- MTL Advanced Ltd.
- United States Steel Corporation
- Baoshan Iron and Steel Co. Ltd.
- Kobe Steel Ltd.
- SSAB AB
Key Topics Covered:
2: Executive Summary
3: Market Overview
4: Advanced High-Strength Steel Market, By Grade
5: Advanced High-Strength Steel Market, By End User
6: Advanced High-Strength Steel Market, By Region
7: Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/lplkdm/global_advanced?w=4