Ultra-High Strength Steel Market by Type, End-Use Industry & Region - Global Forecast to 2022 - Research and Markets
5 December 2017
The "Ultra-High Strength Steel Market - Global Forecast to 2022" report has been added to Research and Markets' offering.
The ultra-high strength steel market is estimated to be USD 7.96 billion in 2017 and is projected to reach USD 11.35 billion by 2022, at a CAGR of 7.35% from 2017 to 2022.
The high consumption of ultra-high strength steels in the automotive and aerospace & defense industries is one of the most significant factors driving the growth of the market. In addition, technological advancements in the field of structural steels have resulted in the development of advanced steel grades, which, in turn, have provided lucrative growth opportunities to manufacturers of ultra-high strength steels. However, the high production cost of ultra-high strength steels is restraining the growth of the ultra-high strength steel market.
Based on end-use industry, the automotive segment is expected to lead the ultra-high strength steel market during the forecast period. The increasing use of ultra-high strength steels to develop structural and safety-related components of automobiles is driving the growth of the market in the automotive industry. In addition, automobile manufacturers prefer the use of ultra-high strength steels as compared to aluminum and plastics, owing to the exceptional properties of these steel grades such as high weldability, high strength, and improved fatigue resistance.
Companies Mentioned
- AK Steel Holding Corporation
- Angang Steel Company Ltd.
- Arcelormittal S.A.
- China Baowu Steel Group Corp., Ltd.
- China Steel Corporation
- Essar Steel
- Gerdau S.A.
- Hebei Puyang Iron and Steel Co., Ltd.
- Hyundai Steel Co., Ltd
- JFE Steel Corporation
- JSW Steel
- Kobe Steel, Ltd.
- Nippon Steel & Sumitomo Metal Corporation
- Novolipetsk Steel
- Nucor Corporation
- Posco
- Saab Group
- Schuler Group
- Shougang Corporation
- Steel Authority of India Limited
- Tata Steel Limited
- The United States Steel Corporation
- Thyssenkrupp AG
- Usiminas
- Voestalpine Group
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Ultra-High Strength Steel Market, By Type
7 Ultra-High Strength Steel Market, By End-Use Industry
8 Ultra-High Strength Steel Market, By Region
9 Competitive Landscape
10 Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/nr3rx8/ultrahigh
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Source: businesswire.com
