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Global Advanced and Ultra High Strength Steel Market by Type (AHSS (550-780 MPa), Ultra-High-Strength Steel (exceeding 780 MPa)), By Application (Automotive, Aviation & Marine, Heavy Machinery, Others) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

  • Report ID: CM-73
  • Author: Up Market Research
  • Rating: 4.9
  • Total Reviews: 74
  • No. Of Pages: 247
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  • Pub. Date: 2021-03-01
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The Global Advanced and Ultra High Strength Steel Market size is estimated to be USD 29.8 billion in 2019 and projected to grow at a CAGR of 8.6% in terms of revenue through 2028. Rising demand from the automotive, aviation & marine, heavy machinery, and others applications coupled with an increase in per capita income will drive demand for these products.

The North American region is expected to dominate the market during this forecast period due to its developed infrastructure, growing population, and stringent government regulations on manufacturing processes that require higher grade steels for production purposes. Advanced and Ultra High Strength Steel are high-grade steels that have a higher tensile strength than other steel types. These grades of steel can be used for different applications such as automotive, aviation & marine, heavy machinery, etc. Advanced/Ultra High Strength Steels require less energy to produce compared with traditional carbon steels due to the use of electric arc furnaces (EAFs) or basic oxygen furnace (BOFs). This results in improved production cost efficiency.

 

On the basis of Types, the market is segmented into AHSS (550-780 MPa) and Ultra-High Strength Steel (exceeding 780 MPa).

 

AHSS (550-780 MPa) Steel:

AHSS (550-780 MPa) steels are used in a wide range of applications. They have found use within the automotive segment, aviation and marine industries due to their high strength properties, where they can withstand higher tensile loads than other types of steel. These types of steel also require less energy to produce compared with traditional carbon steels; this is achieved through EAFs or BOFs which results in improved production cost efficiency.

 

Ultra-High Strength Steel (exceeding 780 MPa):

Ultra-High Strength Steel (exceeding 780 MPa) is the higher strength steel type. The production cost for these types of steels can be quite expensive; however, they require less energy during processing than other forms of carbon steels such as AHSS (550-780 MPa). AHSSs have lower strengths when compared with UHSSs but have the advantage of being economical. AHSSs are suited for applications where the load on steel is relatively low and they can be easily welded and formed as well.

The production cost for these types of steels can be quite expensive, however, they require less energy during processing than other forms of carbon steels such as Advanced High Strength Steels (AHSS). AHSS have lower strengths when compared with UHSS but have the advantage that they are much more economical due to their lower costs per tonne. The market in North America has a bigger share in this segment owing to its developed automotive manufacturing industry infrastructure and increasing demand from countries like China. The Advanced High Strength Steel (AHSS) segment accounted for nearly 34% share of the global AHSS market whereas Ultra-High-Strength Steels (UHSS) contributed about 65%. On the basis of type, UHSS was estimated to account for 43% of total steel production with an annual growth rate exceeding 20%.

 

On the basis of Application, the market is segmented into Automotive, Aviation & Marine, Heavy Machinery, and Others. In terms of Application, the Automotive sector had the highest share of total steel production globally. Aerospace & Marine contributes a significant portion to the UHSS market owing to stringent safety standards in this sector.  The Heavy Machinery Application segment is expected to grow at the fastest pace and witness substantial growth by 2028, due to its increasing demand from infrastructure development activities across various sectors including construction. Others sector includes home appliances, electronic devices and other applications that use AHSS or UHSS elements for their manufacturing process.

 

On the basis of Region, the market is segmented into North America, Europe, and the Asia Pacific. North America had the biggest share in 2018 owing to the booming automotive industry coupled with strict emission norms mandated as per regional regulations which have led manufacturers towards using advanced grades of steel such as AHSS and UHSS in their manufacturing processes. Latin America is expected to show maximum growth during the forecast period due to its growing infrastructure sector coupled with increased investment by the Government for transportation & power generation projects on account of fluctuating crude prices globally. Europe was the second-largest market in terms of value owing to stringent emission norms across this region mandating the use of more expensive AHSS or UHSS steel elements primarily used for structural purposes than any other application type followed by manufacturing appliances, electronic devices, and others.


Up Market Research published a new report titled “Advanced and Ultra High Strength Steel Market research report which is segmented by Types (AHSS (550-780 MPa), Ultra-High-Strength Steel (exceeding 780 MPa)), By Applications (Automotive, Aviation & Marine, Heavy Machinery, Others), By Players/Companies Arcelor Mittal, POSCO, Baowu, SSAB, United States Steel Corporation, Voestalpine, Ansteel, ThyssenKrupp, Nippon Steel & Sumitomo Metal Corporation, JSW Steel”. 

 

Report Scope

Report Attributes Report Details
Report Title Advanced and Ultra High Strength Steel Market Research Report
By Type AHSS (550-780 MPa), Ultra-High-Strength Steel (exceeding 780 MPa)
By Application Automotive, Aviation & Marine, Heavy Machinery, Others
By Companies Arcelor Mittal, POSCO, Baowu, SSAB, United States Steel Corporation, Voestalpine, Ansteel, ThyssenKrupp, Nippon Steel & Sumitomo Metal Corporation, JSW Steel
Regions Covered North America, Europe, APAC, Latin America, MEA
Base Year 2020
Historical Year 2018 to 2019 (Data from 2010 can be provided as per availability)
Forecast Year 2028
Number of Pages 247
Number of Tables & Figures 173
Customization Available Yes, the report can be customized as per your need.
 

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.


Global Advanced and Ultra High Strength Steel Industry Outlook
 

Global Advanced and Ultra High Strength Steel Market Report Segments:

The market is segmented by Type AHSS (550-780 MPa), Ultra-High-Strength Steel (exceeding 780 MPa) and By Application Automotive, Aviation & Marine, Heavy Machinery, Others.

 

Some of the companies that are profiled in this report are:

  1. Arcelor Mittal
  2. POSCO
  3. Baowu
  4. SSAB
  5. United States Steel Corporation
  6. Voestalpine
  7. Ansteel
  8. ThyssenKrupp
  9. Nippon Steel & Sumitomo Metal Corporation
  10. JSW Steel
 

Advanced and Ultra High Strength Steel Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

 

Key Benefits for Industry Participants & Stakeholders:

  • Industry drivers, restraints, and opportunities covered in the study
  • Neutral perspective on the market performance
  • Recent industry trends and developments
  • Competitive landscape & strategies of key players
  • Potential & niche segments and regions exhibiting promising growth covered
  • Historical, current, and projected market size, in terms of value
  • In-depth analysis of the Advanced and Ultra High Strength Steel Market
 

Overview of the regional outlook of the Advanced and Ultra High Strength Steel Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.


Advanced and Ultra High Strength Steel Market Overview
 

Highlights of The Advanced and Ultra High Strength Steel Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of Advanced and Ultra High Strength Steel Market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2028.
  5. Developments and trends in the market.
  6. By Type:

                1. AHSS (550-780 MPa)

                2. Ultra-High-Strength Steel (exceeding 780 MPa)

       7. By Application:

                1. Automotive

                2. Aviation & Marine

                3. Heavy Machinery

                4. Others

  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.
 

We have studied the Advanced and Ultra High Strength Steel Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

 

How you may use our products:

  • Correctly Positioning New Products
  • Market Entry Strategies
  • Business Expansion Strategies
  • Consumer Insights
  • Understanding Competition Scenario
  • Product & Brand Management
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Advanced and Ultra High Strength Steel Market Statistics
 

Reasons to Purchase the Advanced and Ultra High Strength Steel Market Report:

  • The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
  • Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
  • Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
  • The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
  • Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Advanced and Ultra High Strength Steel Market Overview
   4.1 Introduction 
      4.1.1 Market Taxonomy 
      4.1.2 Market Definition 
      4.1.3 Macro-Economic Factors Impacting the Market Growth 
   4.2 Advanced and Ultra High Strength Steel Market Dynamics 
      4.2.1 Market Drivers 
      4.2.2 Market Restraints 
      4.2.3 Market Opportunity 
   4.3 Advanced and Ultra High Strength Steel Market - Supply Chain Analysis 
      4.3.1 List of Key Suppliers 
      4.3.2 List of Key Distributors 
      4.3.3 List of Key Consumers 
   4.4 Key Forces Shaping the Advanced and Ultra High Strength Steel Market 
      4.4.1 Bargaining Power of Suppliers 
      4.4.2 Bargaining Power of Buyers 
      4.4.3 Threat of Substitution 
      4.4.4 Threat of New Entrants 
      4.4.5 Competitive Rivalry 
   4.5 Global Advanced and Ultra High Strength Steel Market Size & Forecast, 2018-2028 
      4.5.1 Advanced and Ultra High Strength Steel Market Size and Y-o-Y Growth 
      4.5.2 Advanced and Ultra High Strength Steel Market Absolute $ Opportunity 


Chapter 5 Global Advanced and Ultra High Strength Steel Market Analysis and Forecast by Type
   5.1 Introduction
      5.1.1 Key Market Trends & Growth Opportunities by Type
      5.1.2 Basis Point Share (BPS) Analysis by Type
      5.1.3 Absolute $ Opportunity Assessment by Type
   5.2 Advanced and Ultra High Strength Steel Market Size Forecast by Type
      5.2.1 AHSS (550-780 MPa)
      5.2.2 Ultra-High-Strength Steel (exceeding 780 MPa)
   5.3 Market Attractiveness Analysis by Type

Chapter 6 Global Advanced and Ultra High Strength Steel Market Analysis and Forecast by Applications
   6.1 Introduction
      6.1.1 Key Market Trends & Growth Opportunities by Applications
      6.1.2 Basis Point Share (BPS) Analysis by Applications
      6.1.3 Absolute $ Opportunity Assessment by Applications
   6.2 Advanced and Ultra High Strength Steel Market Size Forecast by Applications
      6.2.1 Automotive
      6.2.2 Aviation & Marine
      6.2.3 Heavy Machinery
      6.2.4 Others
   6.3 Market Attractiveness Analysis by Applications

Chapter 7 Global Advanced and Ultra High Strength Steel Market Analysis and Forecast by Region
   7.1 Introduction
      7.1.1 Key Market Trends & Growth Opportunities by Region
      7.1.2 Basis Point Share (BPS) Analysis by Region
      7.1.3 Absolute $ Opportunity Assessment by Region
   7.2 Advanced and Ultra High Strength Steel Market Size Forecast by Region
      7.2.1 North America
      7.2.2 Europe
      7.2.3 Asia Pacific
      7.2.4 Latin America
      7.2.5 Middle East & Africa (MEA)
   7.3 Market Attractiveness Analysis by Region

Chapter 8 Coronavirus Disease (COVID-19) Impact 
   8.1 Introduction 
   8.2 Current & Future Impact Analysis 
   8.3 Economic Impact Analysis 
   8.4 Government Policies 
   8.5 Investment Scenario

Chapter 9 North America Advanced and Ultra High Strength Steel Analysis and Forecast
   9.1 Introduction
   9.2 North America Advanced and Ultra High Strength Steel Market Size Forecast by Country
      9.2.1 U.S.
      9.2.2 Canada
   9.3 Basis Point Share (BPS) Analysis by Country
   9.4 Absolute $ Opportunity Assessment by Country
   9.5 Market Attractiveness Analysis by Country
   9.6 North America Advanced and Ultra High Strength Steel Market Size Forecast by Type
      9.6.1 AHSS (550-780 MPa)
      9.6.2 Ultra-High-Strength Steel (exceeding 780 MPa)
   9.7 Basis Point Share (BPS) Analysis by Type 
   9.8 Absolute $ Opportunity Assessment by Type 
   9.9 Market Attractiveness Analysis by Type
   9.10 North America Advanced and Ultra High Strength Steel Market Size Forecast by Applications
      9.10.1 Automotive
      9.10.2 Aviation & Marine
      9.10.3 Heavy Machinery
      9.10.4 Others
   9.11 Basis Point Share (BPS) Analysis by Applications 
   9.12 Absolute $ Opportunity Assessment by Applications 
   9.13 Market Attractiveness Analysis by Applications

Chapter 10 Europe Advanced and Ultra High Strength Steel Analysis and Forecast
   10.1 Introduction
   10.2 Europe Advanced and Ultra High Strength Steel Market Size Forecast by Country
      10.2.1 Germany
      10.2.2 France
      10.2.3 Italy
      10.2.4 U.K.
      10.2.5 Spain
      10.2.6 Russia
      10.2.7 Rest of Europe
   10.3 Basis Point Share (BPS) Analysis by Country
   10.4 Absolute $ Opportunity Assessment by Country
   10.5 Market Attractiveness Analysis by Country
   10.6 Europe Advanced and Ultra High Strength Steel Market Size Forecast by Type
      10.6.1 AHSS (550-780 MPa)
      10.6.2 Ultra-High-Strength Steel (exceeding 780 MPa)
   10.7 Basis Point Share (BPS) Analysis by Type 
   10.8 Absolute $ Opportunity Assessment by Type 
   10.9 Market Attractiveness Analysis by Type
   10.10 Europe Advanced and Ultra High Strength Steel Market Size Forecast by Applications
      10.10.1 Automotive
      10.10.2 Aviation & Marine
      10.10.3 Heavy Machinery
      10.10.4 Others
   10.11 Basis Point Share (BPS) Analysis by Applications 
   10.12 Absolute $ Opportunity Assessment by Applications 
   10.13 Market Attractiveness Analysis by Applications

Chapter 11 Asia Pacific Advanced and Ultra High Strength Steel Analysis and Forecast
   11.1 Introduction
   11.2 Asia Pacific Advanced and Ultra High Strength Steel Market Size Forecast by Country
      11.2.1 China
      11.2.2 Japan
      11.2.3 South Korea
      11.2.4 India
      11.2.5 Australia
      11.2.6 South East Asia (SEA)
      11.2.7 Rest of Asia Pacific (APAC)
   11.3 Basis Point Share (BPS) Analysis by Country
   11.4 Absolute $ Opportunity Assessment by Country
   11.5 Market Attractiveness Analysis by Country
   11.6 Asia Pacific Advanced and Ultra High Strength Steel Market Size Forecast by Type
      11.6.1 AHSS (550-780 MPa)
      11.6.2 Ultra-High-Strength Steel (exceeding 780 MPa)
   11.7 Basis Point Share (BPS) Analysis by Type 
   11.8 Absolute $ Opportunity Assessment by Type 
   11.9 Market Attractiveness Analysis by Type
   11.10 Asia Pacific Advanced and Ultra High Strength Steel Market Size Forecast by Applications
      11.10.1 Automotive
      11.10.2 Aviation & Marine
      11.10.3 Heavy Machinery
      11.10.4 Others
   11.11 Basis Point Share (BPS) Analysis by Applications 
   11.12 Absolute $ Opportunity Assessment by Applications 
   11.13 Market Attractiveness Analysis by Applications

Chapter 12 Latin America Advanced and Ultra High Strength Steel Analysis and Forecast
   12.1 Introduction
   12.2 Latin America Advanced and Ultra High Strength Steel Market Size Forecast by Country
      12.2.1 Brazil
      12.2.2 Mexico
      12.2.3 Rest of Latin America (LATAM)
   12.3 Basis Point Share (BPS) Analysis by Country
   12.4 Absolute $ Opportunity Assessment by Country
   12.5 Market Attractiveness Analysis by Country
   12.6 Latin America Advanced and Ultra High Strength Steel Market Size Forecast by Type
      12.6.1 AHSS (550-780 MPa)
      12.6.2 Ultra-High-Strength Steel (exceeding 780 MPa)
   12.7 Basis Point Share (BPS) Analysis by Type 
   12.8 Absolute $ Opportunity Assessment by Type 
   12.9 Market Attractiveness Analysis by Type
   12.10 Latin America Advanced and Ultra High Strength Steel Market Size Forecast by Applications
      12.10.1 Automotive
      12.10.2 Aviation & Marine
      12.10.3 Heavy Machinery
      12.10.4 Others
   12.11 Basis Point Share (BPS) Analysis by Applications 
   12.12 Absolute $ Opportunity Assessment by Applications 
   12.13 Market Attractiveness Analysis by Applications

Chapter 13 Middle East & Africa (MEA) Advanced and Ultra High Strength Steel Analysis and Forecast
   13.1 Introduction
   13.2 Middle East & Africa (MEA) Advanced and Ultra High Strength Steel Market Size Forecast by Country
      13.2.1 Saudi Arabia
      13.2.2 South Africa
      13.2.3 UAE
      13.2.4 Rest of Middle East & Africa (MEA)
   13.3 Basis Point Share (BPS) Analysis by Country
   13.4 Absolute $ Opportunity Assessment by Country
   13.5 Market Attractiveness Analysis by Country
   13.6 Middle East & Africa (MEA) Advanced and Ultra High Strength Steel Market Size Forecast by Type
      13.6.1 AHSS (550-780 MPa)
      13.6.2 Ultra-High-Strength Steel (exceeding 780 MPa)
   13.7 Basis Point Share (BPS) Analysis by Type 
   13.8 Absolute $ Opportunity Assessment by Type 
   13.9 Market Attractiveness Analysis by Type
   13.10 Middle East & Africa (MEA) Advanced and Ultra High Strength Steel Market Size Forecast by Applications
      13.10.1 Automotive
      13.10.2 Aviation & Marine
      13.10.3 Heavy Machinery
      13.10.4 Others
   13.11 Basis Point Share (BPS) Analysis by Applications 
   13.12 Absolute $ Opportunity Assessment by Applications 
   13.13 Market Attractiveness Analysis by Applications

Chapter 14 Competition Landscape 
   14.1 Advanced and Ultra High Strength Steel Market: Competitive Dashboard
   14.2 Global Advanced and Ultra High Strength Steel Market: Market Share Analysis, 2019
   14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.3.1 Arcelor Mittal
      14.3.2 POSCO
      14.3.3 Baowu
      14.3.4 SSAB
      14.3.5 United States Steel Corporation
      14.3.6 Voestalpine
      14.3.7 Ansteel
      14.3.8 ThyssenKrupp
      14.3.9 Nippon Steel & Sumitomo Metal Corporation
      14.3.10 JSW Steel
Segments Covered in the Report
The global Advanced and Ultra High Strength Steel market has been segmented based on

By Types
  • AHSS (550-780 MPa)
  • Ultra-High-Strength Steel (exceeding 780 MPa)
By Applications
  • Automotive
  • Aviation & Marine
  • Heavy Machinery
  • Others
Regions
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa
Key Players
  • Arcelor Mittal
  • POSCO
  • Baowu
  • SSAB
  • United States Steel Corporation
  • Voestalpine
  • Ansteel
  • ThyssenKrupp
  • Nippon Steel & Sumitomo Metal Corporation
  • JSW Steel

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