The global ultra-high strength steel market registered growth at a formidable rate during the forecast period. The market growth can be attributed to the high consumption of ultra-high strength steels across various end-user industries such as automobiles, aerospace & defense, construction, among others. Besides, rapid urbanization and industrialization and technological advancements in structural steel and steel grades are expected to drive the market growth. Additionally, rapidly expanding aerospace industry is creating demand for low cost, corrosion resistance, and durable steel, which is anticipated to boost the global ultra-high steel strength market in the coming years. Moreover, growing adoption of steel from the building and construction industry for its structural, environment protection, architectural, economic, and energy-saving aspects is projected to stimulate the market growth. Furthermore, the aerospace and defense industry are keen on adopting sturdy steel components to manufacture modern age aircrafts, jets, rockets, satellites, etc., which is escalating the global ultra-high strength steel market. Increased demand for ultra-high strength steel from automobile industries to meet safety, efficiency, emissions, manufacturability, and quality.
The global ultra-high strength steel market is segmented on the basis of type, end-user, region, and company. Based on the type, the market is further divided into dual phase (DP), complex phase, multiphase, martensitic (MS), transformation-induced plasticity (TRIP), and others. Based on the end-user, the market is further fragmented into automotive, aerospace & defense and others. The automotive segment is expected to hold the largest share in the global ultra-high strength steel market during the forecast period. Asia-Pacific is anticipated to dominate the global market owing to expansion of automobile sector in countries such as China, Korea, Japan and India as well as growing investments to advance the construction technology in the region.
The global ultra-high strength Steel market is controlled by these major players, namely– ArcelorMittal (Luxembourg), The United States Steel Corporation (US), Voestalpine Group (Austria), SAIL (India), Tata Steel (India), Nippon Steel & Sumitomo Metal Corporation (Japan), POSCO (South Korea), etc.
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Objective of the Study:
- To outline, classify and estimate the global ultra-high strength steel market on the basis of type, end-user industry and regional distribution.
- To study and forecast the global market size of the ultra-high strength steel, in terms of value and volume.
- To understand the regional market structure of ultra-high strength steel market, the global ultra-high strength steel market is segmented in five regions, namely – Asia-Pacific, North America, Europe, Middle East & Africa and South America and forecast the market size, in terms of value and volume.
- To identify the detailed information about the prime factors affecting the global ultra-high strength steel market.
- To evaluate competitor pricing, average market selling prices and margins in the global ultra-high strength steel market.
- To examine competitive developments such as expansions, new entrants in the global ultra-high strength steel market.
- To strategically profile the leading players in the market which are involved in the manufacturing and supply of ultra-high strength steel worldwide.
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TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of leading Ultra-High Strength Steel manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the company personnel were also enquired about their key products, manufacturing plant location, prices of products and competitors. Through this technique, TechSci Research was able to include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the types, end-user industries, distribution network and regional presence of all major Ultra-High Strength Steel manufacturers across the globe.
TechSci Research calculated the market size for Global Ultra-High Strength Steel using a bottom-up approach, where manufacturers’ value sales data for standard types (Dual Phase, Complex Phase, Multiphase, Martensitic, Transformation-Induced Plasticity and Others) were recorded and forecast for the future years. TechSci Research sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources, secondary sources directories, databases, company annual reports, white papers, investor presentations and financial reports were also used by the TechSci Research.
Key Target Audience:
- Ultra-High Strength Steel Manufacturers and Suppliers
- Research organizations and consulting companies
- Trade Associations, organizations, forums and alliances related to Ultra-High Strength Steel
- Government bodies such as regulating authorities and policy makers
- Industry associations
- Market research and consulting firm
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as Ultra-High Strength Steel manufacturers, distributors and dealers, customers and policy makers about which market segments should be targeted over the coming years (next two to five years) in order to strategize investments and capitalize on the growth of the market segment.
| Attribute | Details |
| Base Year | 2021 |
| Historical Years | 2017 – 2020 |
| Estimated Year | 2022 |
| Forecast Period | 2023 – 2027 |
| Quantitative Units | Revenue in USD Million, Volume in Units, and CAGR for 2017-2021 and 2022-2027 |
| Report Coverage | Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends |
| Segments Covered | · Type· End User Industry |
| Regional Scope | North America; Asia Pacific; Europe & CIS; South America; Middle East & Africa |
| Country Scope | United States; Canada; Mexico; China; India; Japan; South Korea; Indonesia; Germany; France; United Kingdom; Italy; Spain; Brazil; Argentina; Colombia; Saudi Arabia; UAE; South Africa; Iran |
| Key Companies Profiled | ArcelorMittal (Luxembourg), The United States Steel Corporation (US), Voestalpine Group (Austria), SAIL (India), Tata Steel (India), Nippon Steel & Sumitomo Metal Corporation (Japan), POSCO (South Korea). |
| Customization Scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and Purchase Options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
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TechSci Research specializes in research-based consulting assignments in high growth and emerging markets, leading technologies, and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global, and country specific high growth markets helps TechSci clients to lead rather than follow market trends.
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