North America Third Generation Advanced High-Strength Steel Market – Industry Trends and Forecast to 2026

North America Third Generation Advanced High-Strength Steel Market – Industry Trends and Forecast to 2026

Short Description

By Tensile Strength (700 MPA – 900 MPA (Class 1), 900 MPA–1200 MPA (Class 2), 1200 MPA – 1600 MPA (Class 3) and Above 1600 MPA (Class 3), Hot Rolled Product Type (Strip and Quarto Plate), Process (Enhanced Dual-Phase (DP), Modified Trip, Ultrafine Bainite, Quenching and Partitioning (Q&P), Lower MN TRIP/TWIP and Higher MN Trip), Technology (Thick Monolithic Technology, Thin Monolithic Technology and Surface Technology), Application (Automotive Body Side Outer Panels, Automotive Body Side (All Other Panels) and Others) and Country (U.S.A, Canada, Mexico)

Market Definition

Advanced high-strength steel is complex, sophisticated materials which possess selected chemical compositions and multiphase microstructures produced from controlled heating and cooling processes. In this advanced high-strength steel, a new term has been floated which is known as 3rd Generation advanced high-strength steel. These steels have an adequate part of retained austenite which is converted into martensite at the time of formation. In accordance with the 2nd generation, it is an excellent combination of strength and ductility which helps in providing superior strength to weight ratios. For instance, Medium Manganese steel and QP (Quenching and Partitioning) are considered as 3rd Generation AHSS.
Market Segmentation
North America third generation advanced high-strength steel market is segmented into five notable segments which are based on basis of tensile strength, hot rolled product type, process, technology and applications.

• On the basis of tensile strength, the market is segmented into 700 MPA – 900 MPA (class 1), 900 MPA – 1200 MPA (class 2), 1200 MPA – 1600 MPA (class 3) and above 1600 MPA (class 3)

• On the basis of hot rolled product type, the market is segmented into strip and quarto plate.

• On the basis of process, the market is segmented into enhanced dual-phase (DP), modified trip, ultrafine bainite, quenching and partitioning (Q&P), lower MN TRIP/TWIP and higher MN trip

• On the basis of technology, the market is segmented into thick monolithic technology, thin monolithic technology and surface technology

• On the basis of application, the market is segmented into automotive body side outer panels, automotive body side (all other panels) and others

Key Market Players
The key market players for North America third generation advanced high-strength steel market are listed below:

• SSAB AB
• ARCELORMITTAL S.A.
• voestalpine AG
• AK Steel Corporation
• POSCO
• United States Steel
• thyssenkrupp AG
• JFE Steel Corporation
• NIPPON STEEL CORPORATION (NSSMC)
• Anyang Iron and Steel Group, Inc.
• NANOSTEEL
• KOBE STEEL LTD.
• Benxi steel group
• SAIL
• China Shougang Group
• NUCOR
• Baosteel Co., Ltd.
• JSW
• Tata Steel

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