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Global High Strength Steel Market 2017-2021

Global High Strength Steel Market 2017-2021

About High Strength Steel

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
  • APAC
  • EMEA
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
  • POSCO
  • Shanghai Baosteel Group (Baosteel)
  • Tata Steel
  • United States Steel
Other prominent vendors
  • CITIC
  • Gerdau
  • Hyundai Steel Company
  • JFE Steel Corporation
  • JSW Steel
  • Nucor
  • SSAB
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?


Press Release

Technavio Announces the Publication of its Research Report – Global High Strength Steel Market 2017-2021

Technavio recognizes the following companies as the key players in the global high strength steel market: ArcelorMittal, POSCO, Shanghai Baosteel Group (Baosteel), Tata Steel, and United States Steel.

Other Prominent Vendors in the market are: CITIC, Gerdau, Hyundai Steel Company, JFE Steel Corporation, JSW Steel, Nucor, and SSAB.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is TMCP technique for high strength steel. TMCP is a microstructural control technique used in the manufacturing of steel plates to obtain enhanced properties such as increased toughness, strength, and weldability. Some of the examples of TMCP are controlled cooling, controlled rolling, and direct quenching.”

According to the report, one driver in the market is corrosion resistance and mechanical properties. High strength steel improves the corrosion resistance of steel and demonstrates excellent mechanical properties such as tensile strength, formability, and weldability. Rolled-carbon steels show improved mechanical properties as they are subjected to special processing techniques such as accelerated cooling and controlled rolling.

Further, the report states that one challenge in the market is financial risks affecting sale of high strength steel. The sale of high strength steels is subject to financial risks. The demand for high strength steels is dependent upon the performance of the global steel industry. The steel and high strength steel markets are susceptible to price divergence risks, resulting from the deviation between derivative and physical prices of high strength steels because of economic factors across the globe.ArcelorMittal, POSCO, Shanghai Baosteel Group (Baosteel), Tata Steel, United States Steel, CITIC, Gerdau, Hyundai Steel Company, JFE Steel Corporation, JSW Steel, Nucor, and SSAB.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Key market highlights
    • Overview
  • Market landscape
    • Overview: Global high strength steel market
      • Table Global high strength steel market
    • Market size and forecast
      • Table Global high strength steel market 2016 and 2021 ($ billions)
      • Table Market forecast: Global high strength steel market 2016-2021
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by end-use industry
    • Overview: Global high strength steel market by end-use industry
      • Table Global high strength steel market by end-use industry 2016 and 2021
      • Table Global high strength steels market by end-user industry 2016 and 2021 ($ billions)
    • Global high strength steel market for automobile industry
      • Table Global high strength steel market for automobile industry 2016 and 2021 ($ billions)
      • Table Market forecast: Global high strength steel market for automobile industry 2016-2021
    • Global high strength steel market for construction industry
      • Table Global high strength steel market for construction industry 2016 and 2021 ($ billions)
      • Table Market forecast: Global high strength steel market for construction industry 2016-2021
    • Global high strength steel market for aviation and marine industry
      • Table Global high strength steel market for aviation and marine industry 2016 and 2021 ($ billions)
      • Table Market forecast: Global high strength steel market for aviation and marine industry 2016-2021
    • Global high strength steel market for others
      • Table Global high strength steel market for other industries 2016 and 2021 ($ billions)
      • Table Market forecast: Global high strength steel market for other industries 2016-2021
  • Geographical segmentation
    • Overview: Global high strength steel market by geography
      • Table High strength steel market by geography 2016 and 2021
      • Table Global high strength steel market by geography 2016 and 2021 ($ billions)
    • High strength steel market in APAC
      • Table High strength steel market in APAC 2016 and 2021 ($ billions)
      • Table Market forecast: High strength steel market in APAC 2016-2021
    • High strength steel market in EMEA
      • Table High strength steel market in EMEA 2016 and 2021 ($ billions)
      • Table Market forecast: High strength steel market in EMEA 2016-2021
    • High strength steel market in Americas
      • Table High strength steel market in Americas 2016 and 2021 ($ billions)
      • Table Market forecast: High strength steel market in Americas 2016-2021
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Ford Motor Company: High strength steel body structure content
    • Impact of drivers on key geographies
      • Table Impact of drivers
    • Market challenges
      • Table Reasons for increase in excess capacity
    • Impact of challenges on key geographies
      • Table Impact of challenges
  • Market trends
    • Increased use of AHSS
    • TMCP technique for high strength steel
    • Hot stamping for high strength steel
  • Vendor landscape
    • Competitive scenario
    • Other prominent vendors
  • Key vendor analysis
    • ArcelorMittal
      • Table ArcelorMittal: Business segmentation by revenue 2016
      • Table ArcelorMittal: Geographic segmentation by revenue 2016
      • Table ArcelorMittal: Yield strength grades
      • Table ArcelorMittal: Tensile strength grades
    • POSCO
      • Table POSCO: Geographic segmentation by revenue 2015
      • Table POSCO: High strength steel grades for structural uses
      • Table POSCO: High strength steel grades for automotive structural uses
    • Shanghai Baosteel Group (Baosteel)
      • Table Baosteel: Business segmentation
      • Table Baosteel: Advanced high strength steel products
    • Tata Steel
      • Table Tata Steel: Business segmentation by revenue 2016
      • Table Tata Steel: Business segmentation by geography 2016
    • United States Steel
      • Table United States Steel: Business segmentation by revenue 2016
      • Table United States Steel: Geographic segmentation by revenue 2016
  • Appendix
    • List of abbreviations
  • Explore Technavio

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