High Strength Steel Market Size, Share, Trends, Growth 2032
High Strength Steel Market By Type (Carbon Manganese, High Strength Low Alloy, Bake Hardenable, and Dual Phase Steel) and End-Use Industry (Automotive, Construction, Aviation & Marine, Yellow Goods & Mining Equipment, and Others), and By Region - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2024 - 2032
| Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
|---|---|---|---|
| USD 43.05 Billion | USD 80.7 Billion | 7.23% | 2023 |
Table Of Content
- Chapter 1. Preface
- 1.1. Report Description
- 1.1.1. Objective
- 1.1.2. Target Audience
- 1.1.3. Unique Selling Proposition (USP) & Offerings
- 1.2. Research Scope
- 1.3. Research Methodology
- 1.3.1. Market Research Process
- 1.3.2. Market Research Methodology
- 1.3.3. Level 1: Primary Research
- 1.3.4. Level 2: Secondary Research
- 1.3.5. Level 3: Data Validation and Expert Panel Assessment Report Description and Scope
- 1.1. Report Description
- Chapter 2. Executive Summary
- 2.1. Global High Strength Steel Market, 2016-2025 (Kilotons) (USD Billion)
- 2.2. High Strength Steel: Market Snapshot
- Chapter 3. High Strength Steel Market: Industry Analysis
- 3.1. High Strength Steel: Market Dynamics
- 3.1.1. Introduction
- 3.1.2. Classification of functional fluids market
- 3.2. Value Chain Analysis
- 3.2.1. High Strength Steel: Value Chain Analysis
- 3.3. Market Drivers
- 3.3.1. Growing demand in automotive and construction industries
- 3.3.2. Rapid infrastructural developments
- 3.4. Restraints
- 3.4.1. High production costs of high strength steels
- 3.4.2. Low safety factor in its production
- 3.5. Opportunity
- 3.5.1. Increased investments and support from governments
- 3.6. Porter's Five Forces Analysis
- 3.7. Market Attractiveness Analysis
- 3.7.1. Market Attractiveness Analysis by Type
- 3.7.2. Market Attractiveness Analysis by End-Use Industry
- 3.7.3. Market Attractiveness Analysis by Region
- 3.1. High Strength Steel: Market Dynamics
- Chapter 4. Global High Strength Steel Market: Value Chain Analysis
- 4.1. High Strength Steel: Value Chain Analysis
- 4.2. High Strength Steel Raw Material Analysis
- 4.2.1. List of Raw Materials
- 4.2.2. High Strength Steel Raw Material Manufacturers' List
- 4.2.3. Price Trends of High Strength Steel Key Raw Materials
- 4.3. List of Potential Buyers
- 4.4. Marketing Channel
- 4.4.1. Direct Marketing
- 4.4.2. Indirect Marketing
- 4.4.3. Marketing Channel Development Trend
- Chapter 5. Global High Strength Steel Market: Competitive Landscape
- 5.1. Company Market Share Analysis
- 5.1.1. Global High Strength Steel Market: Company Market Share, 2018
- 5.2. Strategic Development
- 5.2.1. Acquisitions & Mergers
- 5.2.2. New Product Launch
- 5.2.3. Agreements, Partnerships, Collaborations, and Joint Ventures
- 5.2.4. Research and Development and Regional Expansion
- 5.3. Type Portfolio
- 5.1. Company Market Share Analysis
- Chapter 6. Global High Strength Steel Market: Type Overview
- 6.1. Global High Strength Steel Market Share, by Type, 2018 and 2025
- 6.2. Carbon Manganese
- 6.2.1. Overview
- 6.2.2. Global High Strength Steel Market by Carbon Manganese, 2016-2025 (Kilotons) (USD Billion)
- 6.3. High Strength Low Alloy
- 6.3.1. Overview
- 6.3.2. Global High Strength Steel Market by High Strength Low Alloy, 2016-2025 (Kilotons) (USD Billion)
- 6.4. Bake Hardenable
- 6.4.1. Overview
- 6.4.2. Global High Strength Steel Market by Bake Hardenable, 2016-2025 (Kilotons) (USD Billion)
- 6.5. Dual Phase Steel
- 6.5.1. Overview
- 6.5.2. Global High Strength Steel Market by Dual Phase Steel, 2016-2025 (Kilotons) (USD Billion)
- Chapter 7. Global High Strength Steel Market: End-Use Industry Overview
- 7.1. Global High Strength Steel Market Share, by End-use Industry, 2018 and 2025
- 7.2. Automotive
- 7.2.1. Overview
- 7.2.2. Global High Strength Steel Market for Automotive, 2016-2025 (Kilotons) (USD Billion)
- 7.3. Construction
- 7.3.1. Overview
- 7.3.2. Global High Strength Steel Market for Construction, 2016-2025 (Kilotons) (USD Billion)
- 7.4. Aviation & Marine
- 7.4.1. Overview
- 7.4.2. Global High Strength Steel Market for Aviation & Marine, 2016-2025 (Kilotons) (USD Billion)
- 7.5. Yellow Goods & Mining Equipment
- 7.5.1. Overview
- 7.5.2. Global High Strength Steel Market for Yellow Goods & Mining Equipment, 2016-2025 (Kilotons) (USD Billion)
- 7.6. Others
- 7.6.1. Overview
- 7.6.2. Global High Strength Steel Market for Others, 2016-2025 (Kilotons) (USD Billion)
- Chapter 8. Global High Strength Steel Market: Regional Analysis
- 8.1. Global High Strength Steel market: Regional overview
- 8.1.1. Global High Strength Steel Market Share, by region, 2018 and 2025
- 8.2. North America
- 8.2.1. Overview
- 8.2.2. North America High Strength Steel Market Volume, by Type, 2016-2025 (Kilotons)
- 8.2.3. North America High Strength Steel Market Revenue, by Type, 2016-2025 (USD Billion)
- 8.2.4. North America High Strength Steel Market Volume, by End-use Industry, 2016-2025 (Kilotons)
- 8.2.5. North America High Strength Steel Market Revenue, by End-use Industry, 2016-2025 (USD Billion)
- 8.2.6. The U.S.
- 8.2.6.1. The U.S. High Strength Steel Market Volume, by Type, 2016-2025 (Kilotons)
- 8.2.6.2. The U.S. High Strength Steel Market Revenue, by Type, 2016-2025 (USD Billion)
- 8.2.6.3. The U.S. High Strength Steel Market Volume, by End-use Industry, 2016-2025 (Kilotons)
- 8.2.6.4. The U.S. High Strength Steel Market Revenue, by End-use Industry, 2016-2025 (USD Billion)
- 8.2.7. Rest of North America
- 8.2.7.1. Rest of North America High Strength Steel Market Volume, by Type, 2016-2025 (Kilotons)
- 8.2.7.2. Rest of North America High Strength Steel Market Revenue, by Type, 2016-2025 (USD Billion)
- 8.2.7.3. Rest of North America High Strength Steel Market Volume, by End-use Industry, 2016-2025 (Kilotons)
- 8.2.7.4. Rest of North America High Strength Steel Market Revenue, by End-use Industry, 2016-2025 (USD Billion)
- 8.3. Europe
- 8.3.1. Overview
- 8.3.2. Europe High Strength Steel Market Volume, by Type, 2016-2025 (Kilotons)
- 8.3.3. Europe High Strength Steel Market Revenue, by Type, 2016-2025 (USD Billion)
- 8.3.4. Europe High Strength Steel Market Volume, by End-use Industry, 2016-2025 (Kilotons)
- 8.3.5. Europe High Strength Steel Market Revenue, by End-use Industry, 2016-2025 (USD Billion)
- 8.3.6. UK
- 8.3.6.1. UK High Strength Steel Market Volume, by Type, 2016-2025 (Kilotons)
- 8.3.6.2. UK High Strength Steel Market Revenue, by Type, 2016-2025 (USD Billion)
- 8.3.6.3. UK High Strength Steel Market Volume, by End-use Industry, 2016-2025 (Kilotons)
- 8.3.6.4. UK High Strength Steel Market Revenue, by End-use Industry, 2016-2025 (USD Billion)
- 8.3.7. France
- 8.3.7.1. France High Strength Steel Market Volume, by Type, 2016-2025 (Kilotons)
- 8.3.7.2. France High Strength Steel Market Revenue, by Type, 2016-2025 (USD Billion)
- 8.3.7.3. France High Strength Steel Market Volume, by End-use Industry, 2016-2025 (Kilotons)
- 8.3.7.4. France High Strength Steel Market Revenue, by End-use Industry, 2016-2025 (USD Billion)
- 8.3.8. Germany
- 8.3.8.1. Germany High Strength Steel Market Volume, by Type, 2016-2025 (Kilotons)
- 8.3.8.2. Germany High Strength Steel Market Revenue, by Type, 2016-2025 (USD Billion)
- 8.3.8.3. Germany High Strength Steel Market Volume, by End-use Industry, 2016-2025 (Kilotons)
- 8.3.8.4. Germany High Strength Steel Market Revenue, by End-use Industry, 2016-2025 (USD Billion)
- 8.3.9. Rest of Europe
- 8.3.9.1. Rest of Europe High Strength Steel Market Volume, by Type, 2016 - 2025(Kilotons)
- 8.3.9.2. Rest of Europe High Strength Steel Market Revenue, by Type, 2016-2025 (USD Billion)
- 8.3.9.3. Rest of Europe High Strength Steel Market Volume, by End-use Industry, 2016-2025 (Kilotons)
- 8.3.9.4. Rest of Europe High Strength Steel Market Revenue, by End-use Industry, 2016-2025 (USD Billion)
- 8.4. Asia Pacific
- 8.4.1. Overview
- 8.4.2. Asia Pacific High Strength Steel Market Volume, by Type, 2016-2025 (Kilotons)
- 8.4.3. Asia Pacific High Strength Steel Market Revenue, by Type, 2016-2025 (USD Billion)
- 8.4.4. Asia Pacific High Strength Steel Market Volume, by End-use Industry, 2016-2025 (Kilotons)
- 8.4.5. Asia Pacific High Strength Steel Market Revenue, by End-use Industry, 2016-2025 (USD Billion)
- 8.4.6. China
- 8.4.6.1. China High Strength Steel Market Volume, by Type, 2016-2025 (Kilotons)
- 8.4.6.2. China High Strength Steel Market Revenue, by Type, 2016-2025 (USD Billion)
- 8.4.6.3. China High Strength Steel Market Volume, by End-use Industry, 2016-2025 (Kilotons)
- 8.4.6.4. China High Strength Steel Market Revenue, by End-use Industry, 2016-2025 (USD Billion)
- 8.4.7. Japan
- 8.4.7.1. Japan High Strength Steel Market Volume, by Type, 2016-2025 (Kilotons)
- 8.4.7.2. Japan High Strength Steel Market Revenue, by Type, 2016-2025 (USD Billion)
- 8.4.7.3. Japan High Strength Steel Market Volume, by End-use Industry, 2016-2025 (Kilotons)
- 8.4.7.4. Japan High Strength Steel Market Revenue, by End-use Industry, 2016-2025 (USD Billion)
- 8.4.8. India
- 8.4.8.1. India High Strength Steel Market Volume, by Type, 2016-2025 (Kilotons)
- 8.4.8.2. India High Strength Steel Market Revenue, by Type, 2016-2025 (USD Billion)
- 8.4.8.3. India High Strength Steel Market Volume, by End-use Industry, 2016-2025 (Kilotons)
- 8.4.8.4. India High Strength Steel Market Revenue, by End-use Industry, 2016-2025 (USD Billion)
- 8.4.9. Rest of Asia Pacific
- 8.4.9.1. Rest of Asia Pacific High Strength Steel Market Volume, by Type, 2016-2025 (Kilotons)
- 8.4.9.2. Rest of Asia Pacific High Strength Steel Market Revenue, by Type, 2016-2025 (USD Billion)
- 8.4.9.3. Rest of Asia Pacific High Strength Steel Market Volume, by End-use Industry, 2016-2025 (Kilotons)
- 8.4.9.4. Rest of Asia Pacific High Strength Steel Market Revenue, by End-use Industry, 2016-2025 (USD Billion)
- 8.5. Latin America
- 8.5.1. Latin America High Strength Steel Market Volume, by Type, 2016-2025 (Kilotons)
- 8.5.2. Latin America High Strength Steel Market Revenue, by Type, 2016-2025 (USD Billion)
- 8.5.3. Latin America High Strength Steel Market Volume, by End-use Industry, 2016-2025 (Kilotons)
- 8.5.4. Latin America High Strength Steel Market Revenue, by End-use Industry, 2016-2025 (USD Billion)
- 8.5.5. Brazil
- 8.5.5.1. Brazil High Strength Steel Market Volume, by Type, 2016-2025 (Kilotons)
- 8.5.5.2. Brazil High Strength Steel Market Revenue, by Type, 2016-2025 (USD Billion)
- 8.5.5.3. Brazil High Strength Steel Market Volume, by End-use Industry, 2016-2025 (Kilotons)
- 8.5.5.4. Brazil High Strength Steel Market Revenue, by End-use Industry, 2016-2025 (USD Billion)
- 8.5.6. Rest of Latin America
- 8.5.6.1. Rest of Latin America High Strength Steel Market Volume, by Type, 2016-2025 (Kilotons)
- 8.5.6.2. Rest of Latin America High Strength Steel Market Revenue, by Type, 2016-2025 (USD Billion)
- 8.5.6.3. Rest of Latin America High Strength Steel Market Volume, by End-use Industry, 2016-2025 (Kilotons)
- 8.5.6.4. Rest of Latin America High Strength Steel Market Revenue, by End-use Industry, 2016-2025 (USD Billion)
- 8.6. The Middle East and Africa
- 8.6.1. The Middle East and Africa High Strength Steel Market Volume, by Type, 2016-2025 (Kilotons)
- 8.6.2. The Middle East and Africa High Strength Steel Market Revenue, by Type, 2016-2025 (USD Billion)
- 8.6.3. The Middle East and Africa High Strength Steel Market Volume, by End-use Industry, 2016-2025 (Kilotons)
- 8.6.4. The Middle East and Africa High Strength Steel Market Revenue, by End-use Industry, 2016-2025 (USD Billion)
- 8.1. Global High Strength Steel market: Regional overview
- Chapter 9. Company Profiles
- 9.1. United States Steel Corporation
- 9.1.1. Overview
- 9.1.2. Financials
- 9.1.3. Product Portfolio
- 9.1.4. Business Strategy
- 9.1.5. Recent Developments
- 9.2. Wuhan Iron and Steel Corporation
- 9.2.1. Overview
- 9.2.2. Financials
- 9.2.3. Product Portfolio
- 9.2.4. Business Strategy
- 9.2.5. Recent Developments
- 9.3. Shandong Iron and Steel Group
- 9.3.1. Overview
- 9.3.2. Financials
- 9.3.3. Product Portfolio
- 9.3.4. Business Strategy
- 9.3.5. Recent Developments
- 9.4. Tata Steels Limited
- 9.4.1. Overview
- 9.4.2. Financials
- 9.4.3. Product Portfolio
- 9.4.4. Business Strategy
- 9.4.5. Recent Developments
- 9.5. China Steel Corporation
- 9.5.1. Overview
- 9.5.2. Financials
- 9.5.3. Product Portfolio
- 9.5.4. Business Strategy
- 9.5.5. Recent Developments
- 9.6. JFE Steel Corporation
- 9.6.1. Overview
- 9.6.2. Financials
- 9.6.3. Product Portfolio
- 9.6.4. Business Strategy
- 9.6.5. Recent Developments
- 9.7. Novolipetsk Steel
- 9.7.1. Overview
- 9.7.2. Financials
- 9.7.3. Product Portfolio
- 9.7.4. Business Strategy
- 9.7.5. Recent Developments
- 9.8. Metinvest Holding LLC
- 9.8.1. Overview
- 9.8.2. Financials
- 9.8.3. Product Portfolio
- 9.8.4. Business Strategy
- 9.8.5. Recent Developments
- 9.9. HebeiPuyong Steel Group
- 9.9.1. Overview
- 9.9.2. Financials
- 9.9.3. Product Portfolio
- 9.9.4. Business Strategy
- 9.9.5. Recent Developments
- 9.10. Baosteel Group Corporation
- 9.10.1. Overview
- 9.10.2. Financials
- 9.10.3. Product Portfolio
- 9.10.4. Business Strategy
- 9.10.5. Recent Developments
- 9.11. JSW Steel
- 9.11.1. Overview
- 9.11.2. Financials
- 9.11.3. Product Portfolio
- 9.11.4. Business Strategy
- 9.11.5. Recent Developments
- 9.1. United States Steel Corporation
Table Of Figures
List of Figures
1. Global High Strength Steel Market Segmentation by Type, End-use Industry, and Region
2. Global High Strength Steel Market, 2016–2025 (Kilotons) (USD Billion)
3. Value Chain Analysis: High Strength Steel Market
4. Porter’s Five Forces Analysis
5. Market Attractiveness Analysis by Type
6. Market Attractiveness Analysis by End-use Industry
7. Market Attractiveness Analysis by Region
8. Global High Strength Steel Market Share, by Type, 2018 and 2025
9. Global High Strength Steel Market Share, by Carbon Manganese, 2016–2025 (Kilotons) (USD Billion)
10. Global High Strength Steel Market Share, by High Strength Low Alloy, 2016–2025 (Kilotons) (USD Billion)
11. Global High Strength Steel Market Share, by Bake Hardenable, 2016–2025 (Kilotons) (USD Billion)
12. Global High Strength Steel Market Share, by Dual Phase Steel, 2016–2025 (Kilotons) (USD Billion)
13. Global High Strength Steel Market Share, by End-use Industry, 2018 and 2025
14. Global High Strength Steel Market for Automotive, 2016–2025 (Kilotons) (USD Billion)
15. Global High Strength Steel Market for Construction, 2016–2025 (Kilotons) (USD Billion)
16. Global High Strength Steel Market for Aviation & Marine, 2016–2025 (Kilotons) (USD Billion)
17. Global High Strength Steel Market for Yellow Goods & Mining Equipment, 2016–2025 (Kilotons) (USD Billion)
18. Global High Strength Steel Market for Others, 2016–2025 (Kilotons) (USD Billion)
19. Global High Strength Steel Market Share, by Region, 2018 and 2025
20. North America High Strength Steel Market, 2016–2025 (USD Billion) (Kilotons)
21. Europe High Strength Steel Market, 2016–2025 (USD Billion) (Kilotons)
22. Asia Pacific High Strength Steel Market, 2016–2025 (USD Billion) (Kilotons)
23. Latin America High Strength Steel Market, 2016–2025 (USD Billion) (Kilotons)
24. The Middle East and Africa High Strength Steel Market, 2016–2025 (USD Billion) (Kilotons)
Table Of Tables
List of Tables
1. Global High Strength Steel Market Snapshot
2. Drivers for High Strength Steel Market: Impact Analysis
3. Restraints of High Strength Steel Market: Impact Analysis
4. North America High Strength Steel Market Volume, by Type, 2016–2025 (Kilotons)
5. North America High Strength Steel Market Revenue, by Type, 2016–2025 (USD Billion)
6. North America High Strength Steel Market Volume, by End-use Industry, 2016–2025 (Kilotons)
7. North America High Strength Steel Market Revenue, by End-use Industry, 2016–2025 (USD Billion)
8. The U.S. High Strength Steel Market Volume, by Type, 2016–2025 (Kilotons)
9. The U.S. High Strength Steel Market Revenue, by Type, 2016–2025 (USD Billion)
10. The U.S. High Strength Steel Market Volume, by End-use Industry, 2016–2025 (Kilotons)
11. The U.S. High Strength Steel Market Revenue, by End-use Industry, 2016–2025 (USD Billion)
12. Rest of North America High Strength Steel Market Volume, by Type, 2016–2025 (Kilotons)
13. Rest of North America High Strength Steel Market Revenue, by Type, 2016–2025 (USD Billion)
14. Rest of North America High Strength Steel Market Volume, by End-use Industry, 2016–2025 (Kilotons)
15. Rest of North America High Strength Steel Market Revenue, by End-use Industry, 2016–2025 (USD Billion)
16. Europe High Strength Steel Market Volume, by Type, 2016–2025 (Kilotons)
17. Europe High Strength Steel Market Revenue, by Type, 2016–2025 (USD Billion)
18. Europe High Strength Steel Market Volume, by End-use Industry, 2016–2025 (Kilotons)
19. Europe High Strength Steel Market Revenue, by End-use Industry, 2016–2025 (USD Billion)
20. UK High Strength Steel Market Volume, by Type, 2016–2025 (Kilotons)
21. UK High Strength Steel Market Revenue, by Type, 2016–2025 (USD Billion)
22. UK High Strength Steel Market Volume, by End-use Industry, 2016–2025 (Kilotons)
23. UK High Strength Steel Market Revenue, by End-use Industry, 2016–2025 (USD Billion)
24. France High Strength Steel Market Volume, by Type, 2016–2025 (Kilotons)
25. France High Strength Steel Market Revenue, by Type, 2016–2025 (USD Billion)
26. France High Strength Steel Market Volume, by End-use Industry, 2016–2025 (Kilotons)
27. France High Strength Steel Market Revenue, by End-use Industry, 2016–2025 (USD Billion)
28. Germany High Strength Steel Market Volume, by Type, 2016–2025 (Kilotons)
29. Germany High Strength Steel Market Revenue, by Type, 2016–2025 (USD Billion)
30. Germany High Strength Steel Market Volume, by End-use Industry, 2016–2025 (Kilotons)
31. Germany High Strength Steel Market Revenue, by End-use Industry, 2016–2025 (Kilotons)
32. Rest of Europe High Strength Steel Market Volume, by Type, 2016–2025 (Kilotons)
33. Rest of Europe High Strength Steel Market Revenue, by Type, 2016–2025 (USD Billion)
34. Rest of Europe High Strength Steel Market Volume, by End-use Industry, 2016–2025 (Kilotons)
35. Rest of Europe High Strength Steel Market Revenue, by End-use Industry, 2016–2025 (USD Billion)
36. Asia Pacific High Strength Steel Market Volume, by Type, 2016–2025 (Kilotons)
37. Asia Pacific High Strength Steel Market Revenue, by Type, 2016–2025 (USD Billion)
38. Asia Pacific High Strength Steel Market Volume, by End-use Industry, 2016–2025 (Kilotons)
39. Asia Pacific High Strength Steel Market Revenue, by End-use Industry, 2016–2025 (USD Billion)
40. China High Strength Steel Market Volume, by Type, 2016–2025 (Kilotons)
41. China High Strength Steel Market Revenue, by Type, 2016–2025 (USD Billion)
42. China High Strength Steel Market Volume, by End-use Industry, 2016–2025 (Kilotons) (USD Billion)
43. China High Strength Steel Market Revenue, by End-use Industry, 2016–2025 (Kilotons) (USD Billion)
44. Japan High Strength Steel Market Volume, by Type, 2016–2025 (Kilotons)
45. Japan High Strength Steel Market Revenue, by Type, 2016 - 2025 ((USD Billion)
46. Japan High Strength Steel Market Volume, by End-use Industry, 2016–2025 (Kilotons)
47. Japan High Strength Steel Market Revenue, by End-use Industry, 2016–2025 (USD Billion)
48. India High Strength Steel Market Volume, by Type, 2016–2025 (Kilotons)
49. India High Strength Steel Market Revenue, by Type, 2016–2025 (USD Billion)
50. India High Strength Steel Market Volume, by End-use Industry, 2016–2025 (Kilotons)
51. India High Strength Steel Market Revenue, by End-use Industry, 2016–2025 (USD Billion)
52. Rest of Asia Pacific High Strength Steel Market Volume, by Type, 2016–2025 (Kilotons)
53. Rest of Asia Pacific High Strength Steel Market Revenue, by Type, 2016–2025 (USD Billion)
54. Rest of Asia Pacific High Strength Steel Market Volume, by End-use Industry, 2016–2025 (Kilotons) (USD Billion)
55. Rest of Asia Pacific High Strength Steel Market Revenue, by End-use Industry, 2016–2025 (Kilotons) (USD Billion)
56. Latin America High Strength Steel Market Volume, by Type, 2016–2025 (Kilotons)
57. Latin America High Strength Steel Market Revenue, by Type, 2016–2025 (USD Billion)
58. Latin America High Strength Steel Market Volume, by End-use Industry, 2016–2025 (Kilotons)
59. Latin America High Strength Steel Market Revenue, by End-use Industry, 2016–2025 (USD Billion)
60. Brazil High Strength Steel Market Revenue, by Type, 2016–2025 (Kilotons)
61. Brazil High Strength Steel Market Revenue, by Type, 2016–2025 (USD Billion)
62. Brazil High Strength Steel Market Volume, by End-use Industry, 2016–2025 (Kilotons)
63. Brazil High Strength Steel Market Revenue, by End-use Industry, 2016–2025 (USD Billion)
64. Rest of Latin America High Strength Steel Market Volume, by Type, 2016–2025 (Kilotons)
65. Rest of Latin America High Strength Steel Market Revenue, by Type, 2016–2025 (USD Billion)
66. Rest of Latin America High Strength Steel Market Volume, by End-use Industry, 2016–2025 (Kilotons)
67. Rest of Latin America High Strength Steel Market Revenue, by End-use Industry, 2016–2025 (USD Billion)
68. The Middle East and Africa High Strength Steel Market Volume, by Type, 2016–2025 (Kilotons)
69. The Middle East and Africa High Strength Steel Market Revenue, by Type, 2016–2025 (USD Billion)
70. The Middle East and Africa High Strength Steel Market Volume, by End-use Industry, 2016–2025 (Kilotons)
71. The Middle East and Africa High Strength Steel Market Revenue, by End-use Industry, 2016–2025 (USD Billion)
Methodology
FrequentlyAsked Questions
High-strength steel (HSS) is a type of steel that is designed to possess a higher tensile strength and yield strength than conventional steels. As a result, it is capable of withstanding increased loads and tension without deforming or ultimately failing. High-strength steels are frequently employed in applications that necessitate structural integrity, weight reduction, and durability.
The automotive sector is a significant contributor, as HSS is employed to produce vehicles that are lighter and more fuel-efficient, while simultaneously upholding safety and performance standards. The demand for HSS is also driven by the transition to electric vehicles (EVs) in order to reduce vehicle weight. The demand for HSS is being driven by the growing investments in infrastructure projects and the construction of high-rise buildings, bridges, and other structures, which necessitate materials with exceptional durability and strength.
The global high strength steel market size was worth around USD 43.05 billion in 2023 and is predicted to grow to around USD 80.7 billion by 2032.
The global high strength steel market a compound annual growth rate (CAGR) of roughly 7.23% between 2024 and 2032.
The regional classification includes Europe, North America, Latin America, Asia Pacific, and the Middle East and Africa.
Some key manufacturers of global high strength steel market are United States Steel Corporation, Wuhan Iron and Steel Corporation, Shandong Iron and Steel Group, Tata Steels Limited, China Steel Corporation, JFE Steel Corporation, Novolipetsk Steel, Metinvest Holding LLC, HebeiPuyong Steel Group, Baosteel Group Corporation, and JSW Steel.
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