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Ultra-High Strength Steel Market by Type, End-Use Industry And Region - Global Forecast to 2022

Ultra-High Strength Steel Market: Global Forecast until 2022

  • November 2017
  • 140 pages
  • ID: 5210109
In this report:
The others end-use industry segment of ultra-high strength steel market is projected to grow from ##,##.## KT in 2017 to ##,##.## KT by 2022, at a CAGR of ##.##% between 2017 and 2022.
The automotive end-use industry segment of the US ultra-high strength steel market is estimated to be ##.## KT in 2017 and is projected to reach ##,##.## KT by 2022, at a CAGR of ##.##% between 2017 and 2022.

Summary

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"The ultra-high strength steel market is estimated to grow ~$11.4B by 2022."

The ultra-high strength steel market is expected to be ~$8.0B in 2017 and is projected to extend ~$11.4B by 2022, at a compound annual growth rate of ~7.3 percent between 2017 and 2022. The high consumption of ultra-high strength steels in the automotive and aerospace & defense markets is one of the most significant factors driving the market increase. Additionally, technological improvements in the field of structural steels have resulted in the development of advanced steel grades, which, in turn, have provided lucrative increase opportunities to manufacturers of ultra-high strength steels. Nevertheless, the high production cost of ultra-high strength steels is restraining the increase of the ultra-high strength steel market.

"Established on end-use sector, the automotive segment is forecasted to dominate the ultra-high strength steel market between 2017 and 2022."

Established on end-user market, the automotive segment is anticipated to lead the ultra-high strength steel market during the estimate period. The growing use of ultra-high strength steels to expand structural and safety-related components of automobiles is driving the increase of the market in the automotive sector. Moreover, automobile manufacturers prefer the use of ultra-high strength steels as distinguished to aluminum and plastics, due to the exceptional properties of these steel grades including high weldability, high strength, and enhanced fatigue resistance.

"The ultra-high strength steel market in Asia-Pac is expected to rise at the highest CAGR (Compound annual growth rate) between 2017 and 2022."

The ultra-high strength steel market in Asia Pacific (APAC) is expected to grow at the highest compound annual growth rate (CAGR) between 2017 and 2022. Asia-Pac (APAC) is the biggest consumer of ultra-high strength steels. Steel manufacturers in the Asia Pacific area are increasingly investing in the development of advanced ultra-high strength steel grades. Moreover, established steel manufacturers are planning to undergo capacity expansions to cater to the growing demand for ultra-high strength steels from different end-use sectors, including automotive and shipbuilding.

Breakdown of profiles of primary members taking part:

• By Company category: Tier 1 - 21.0 percent, Tier 2 - 36.0 percent, and Tier 3 - 43.0 percent

• By Description: C-suite - 24.0 percent, Director-Level - 42.0 percent, and Others - 34.0 percent

• By Area: North America (NA) - 20.0 percent, Europe (EU) - 18.0 percent, APAC - 50.0 percent, South America area - 7.0 percent, and Middle East & African continent - 5.0 percent

Major firms decribed in this market report contain

The United States Steel Corporation, ArcelorMittal, Schuler Group, SAIL, China Baowu Steel Group Corp., POSCO, Tata Steel, JSW Steel, Voestalpine Group, Nippon Steel & Sumitomo Metal Corporation, Kobe Steel, China Steel Corporation, JFE Steel, Essar Steel, Novolipetsk Steel, Angang Steel Company Limited, Nucor Corporation, Gerdau S.A., AK Steel Holding Corporation, Hyundai Steel Co., Limited, Usiminas, Hebei Puyang Iron and Steel Co., Limited, and Shougang Corporation.

Segment Research

This business report affords an overview of main market dynamics including drivers, market restraints, alternatives, and opportunities impacting the increase of the ultra-high strength steel market. It also offers a exhaustive overview of the market across 5 regions, that is, Asia-Pac, EU, North America continent, the Middle East & African continent, and South America region. The analysis classifies the ultra-high strength steel market based on type, end-use sector, and area. An in-depth study of leading actors, together with top increase strategies approved by them, is also covered in the market research.

Reasons to Buy the Report

This industry report includes the following main aspects:

• What will be the size of the ultra-high strength steel market by 2022 and what will be the increase rate of the ultra-high strength steel market during the outlook period (2017-2022)?

• What are the top market trends?

• What are the factors projected to drive the rise of the ultra-high strength steel market during the estimate period?

• What are the opportunities that impact the increase of the ultra-high strength steel market during the outlook period?

• Who are the top actors in the ultra-high strength steel market?

• The overall report includes key regions including North America, Europe (EU), and Asia Pacific (APAC), containing main countries, including the US, China (CN), India (IN), Russian Federation, and Germany (DE).

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