Industry Press Releases

Global High Strength Steel Market 2017-2021

Tuesday, Jun 06, 2017

High strength steel is a steel that demonstrates enhanced formability and high strength. It is employed mainly in the automotive industry. These steels offer a cost-effective and energy-saving advantage on the overall weight of the vehicle in the automotive industry. Also, high strength steel reduces the weight of steel structures in buildings pertaining to the construction sector.

Technavio's analysts forecast the global high strength steel market to grow at a CAGR of 8.18% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global high strength steel market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:

• Americas

Technavio's report, Global High Strength Steel Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors

• ArcelorMittal
• Shanghai Baosteel Group (Baosteel)
• Tata Steel
• United States Steel

Other prominent vendors

• Gerdau
• Hyundai Steel Company
• JFE Steel Corporation
• JSW Steel
• Nucor

Market driver

• Corrosion resistance and mechanical properties
• For a full, detailed list, view our report

Market challenge

• Financial risks affecting sale of high strength steel
• For a full, detailed list, view our report

Market trend

• TMCP technique for high strength steel
• For a full, detailed list, view our report

Key questions answered in this report

• What will the market size be in 2021 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?

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