Global Ultra-High Strength Steel Market, By Type (Dual Phase, Complex Phase, Multiphase, Martensitic, Transformation-Induced Plasticity and Others), By End-User Industry (Automotive, Aerospace & Defense and Others), By Region (Asia-Pacific, North America, Europe, Middle East & Africa and South America), Competition Forecast and Opportunities, 2024-2032-2027

Published Date: November - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Infrastructure | Format: Report available in PDF / Excel Format

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Global Ultra-High Strength Steel Market, By Type (Dual Phase, Complex Phase, Multiphase, Martensitic, Transformation-Induced Plasticity and Others), By End-User Industry (Automotive, Aerospace & Defense and Others), By Region (Asia-Pacific, North America, Europe, Middle East & Africa and South America), Competition Forecast and Opportunities, 2024-2032-2027

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The global Ultra- high strength steel market size was USD 31.03 billion in 2019 and is projected to reach USD 54.07 billion by 2027, exhibiting a CAGR of 7.4% during the forecast period. Asia Pacific dominated the high strength steel market with a market share of 63.62% in 2019. 

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

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.

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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Market insights research performed both primary as well as exhaustive secondary research for this study. Initially, Market insights research sourced a list of leading Ultra-High Strength Steel manufacturers across the globe. Subsequently, Market insights 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, Market insights research was able to include the manufacturers which could not be identified due to the limitations of secondary research. Market insights research analyzed the types, end-user industries, distribution network and regional presence of all major Ultra-High Strength Steel manufacturers across the globe.

Market insights 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. Market insights 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 Market insights 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

2024-2032

Historical Years

2024-2032 – 2024-2032

Estimated Year

2022

Forecast Period

2023 – 2027

Quantitative Units

Revenue in USD Million, Volume in Units, and CAGR for 2024-2032-2024-2032 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.

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PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Report Scope

In this report, the Ultra-High Strength Steel has been segmented into the following categories in addition to the industry trends which have also been detailed below

Ultra-High Strength Steel Market, by Type
Dual Phase
Complex Phase
Multiphase
Martensitic
Transformation-Induced Plasticity
Others
Ultra-High Strength Steel Market, by End-User Industry
Automotive
Aerospace & Defense
Others
Ultra-High Strength Steel Market, by Geography
Asia-Pacific
China
India
Japan
South Korea
Indonesia
Rest of APAC
North America
U. S.
Canada
Mexico
Rest of North America
Europe
Germany
U.K.
France
Italy
Spain
Rest of Europe
Middle East & Africa
Saudi Arabia
UAE
Iran
South Africa
South America
Brazil
Colombia
Argentina
Rest of South America


 

Table of Content

Table of content
1.       Product Overview

2.       Research Methodology

3.       Impact of COVID-19 on Global Ultra-High Strength Steel Market

4.       Executive Summary

5.       Voice of Customers

6.       Global Ultra-High Strength Steel Market Overview

6.1.    Installed Capacity and Actual Production

7.       Global Ultra-High Strength Steel Market Outlook

7.1.    Market Size & Forecast

7.1.1.By Value

7.1.2.By Volume

7.2.    Market Share & Forecast

7.2.1.By Type (Dual Phase, Complex Phase, Multiphase, Martensitic, Transformation-Induced Plasticity and Others)

7.2.2.By End-User Industry (Automotive, Aerospace & Defense and Others)

7.2.3.By Region (Asia-Pacific, North America, Europe, Middle East & Africa and South America)

7.2.4.By Company

7.3.    Global Market Attractiveness Index & BPS Analysis

8.       Global Ultra-High Strength Steel Market Segmental Analysis

8.1.    Global Dual Phase Steel Market Outlook

8.1.1.Market Size & Forecast

8.1.1.1.      By Value

8.1.1.2.      By Volume

8.1.2.Market Share & Forecast

8.1.2.1.    By End-User Industry

8.1.2.2.    By Region (APAC, North America, Europe, MEA and South America)

8.1.2.3.    By Company

8.2.    Global Complex Phase Steel Market Outlook

8.2.1.Market Size & Forecast

8.2.1.1.      By Value

8.2.1.2.      By Volume

8.2.2.Market Share & Forecast

8.2.2.1.    By End-User Industry

8.2.2.2.    By Region (APAC, North America, Europe, MEA and South America)

8.2.2.3.    By Company

8.3.    Global Multiphase Steel Market Outlook

8.3.1.Market Size & Forecast

8.3.1.1.      By Value

8.3.1.2.      By Volume

8.3.2.Market Share & Forecast

8.3.2.1.    By Application

8.3.2.2.    By Region (APAC, North America, Europe, MEA and South America)

8.3.2.3.    By Company

8.4.    Global Martensitic Steel Market Outlook

8.4.1.Market Size & Forecast

8.4.1.1.      By Value

8.4.1.2.      By Volume

8.4.2.Market Share & Forecast

8.4.2.1.    By Application

8.4.2.2.    By Region (APAC, North America, Europe, MEA and South America)

8.4.2.3.    By Company

8.5.    Global Transformation-Induced Plasticity Steel Market Outlook

8.5.1.Market Size & Forecast

8.5.1.1.      By Value

8.5.1.2.      By Volume

8.5.2.Market Share & Forecast

8.5.2.1.    By Application

8.5.2.2.    By Region (APAC, North America, Europe, MEA and South America)

8.5.2.3.    By Company

9.       Global Ultra-High Strength Steel Market Regional Analysis

9.1.     Asia Pacific Ultra-High Strength Steel Market Outlook

9.1.1.Market Size & Forecast

9.1.1.1.              By Value

9.1.1.2.              By Volume

9.1.2.Market Share & Forecast

9.1.2.1.             By Type (Dual Phase, Complex Phase, Multiphase, Martensitic, Transformation-Induced Plasticity and Others)

9.1.2.2.              By End-User Industry (Automotive, Aerospace & Defense and Others)

9.1.2.3.             By Country

9.1.2.3.1.     China Ultra-High Strength Steel Market Outlook

9.1.2.3.1.1.   Market Size & Forecast

9.1.2.3.1.1.1.         By Value

9.1.2.3.1.1.2.         By Volume

9.1.2.3.1.2.   Market Share & Forecast

9.1.2.3.1.2.1.        By End-User Industry

9.1.2.3.2.     India Ultra-High Strength Steel Market Outlook

9.1.2.3.2.1.   Market Size & Forecast

9.1.2.3.2.1.1.         By Value

9.1.2.3.2.1.2.         By Volume

9.1.2.3.2.2.   Market Share & Forecast

9.1.2.3.2.2.1.        By End-User Industry

9.1.2.3.3.     Japan Ultra-High Strength Steel Market Outlook

9.1.2.3.3.1.   Market Size & Forecast

9.1.2.3.3.1.1.         By Value

9.1.2.3.3.1.2.         By Volume

9.1.2.3.3.2.   Market Share & Forecast

9.1.2.3.3.2.1.        By End-User Industry

9.1.2.3.4.     South Korea Ultra-High Strength Steel Market Outlook

9.1.2.3.4.1.   Market Size & Forecast

9.1.2.3.4.1.1.         By Value

9.1.2.3.4.1.2.         By Volume

9.1.2.3.4.2.   Market Share & Forecast

9.1.2.3.4.2.1.        By End-User Industry

9.1.2.3.5.     Indonesia Ultra-High Strength Steel Market Outlook

9.1.2.3.5.1.   Market Size & Forecast

9.1.2.3.5.1.1.         By Value

9.1.2.3.5.1.2.         By Volume

9.1.2.3.5.2.   Market Share & Forecast

9.1.2.3.5.2.1.        By End-User Industry

9.2.     North America Ultra-High Strength Steel Market Outlook

9.2.1.Market Size & Forecast

9.2.1.1.              By Value

9.2.1.2.              By Volume

9.2.2.Market Share & Forecast

9.2.2.1.             By Type (Dual Phase, Complex Phase, Multiphase, Martensitic, Transformation-Induced Plasticity and Others)

9.2.2.2.              By End-User Industry (Automotive, Aerospace & Defense and Others)

9.2.2.3.             By Country

9.2.2.3.1.     United States Ultra-High Strength Steel Market Outlook

9.2.2.3.1.1.   Market Size & Forecast

9.2.2.3.1.1.1.         By Value

9.2.2.3.1.1.2.         By Volume

9.2.2.3.1.2.   Market Share & Forecast

9.2.2.3.1.2.1.        By End-User Industry

9.2.2.3.2.     Canada Ultra-High Strength Steel Market Outlook

9.2.2.3.2.1.   Market Size & Forecast

9.2.2.3.2.1.1.         By Value

9.2.2.3.2.1.2.         By Volume

9.2.2.3.2.2.   Market Share & Forecast

9.2.2.3.2.2.1.        By End-User Industry

9.2.2.3.3.     Mexico Ultra-High Strength Steel Market Outlook

9.2.2.3.3.1.   Market Size & Forecast

9.2.2.3.3.1.1.         By Value

9.2.2.3.3.1.2.         By Volume

9.2.2.3.3.2.   Market Share & Forecast

9.2.2.3.3.2.1.        By End-User Industry

9.3.     Europe Ultra-High Strength Steel Market Outlook

9.3.1.Market Size & Forecast

9.3.1.1.              By Value

9.3.1.2.              By Volume

9.3.2.Market Share & Forecast

9.3.2.1.             By Type (Dual Phase, Complex Phase, Multiphase, Martensitic, Transformation-Induced Plasticity and Others)

9.3.2.2.              By End-User Industry (Automotive, Aerospace & Defense and Others)

9.3.2.3.             By Country

9.3.2.3.1.     Germany Ultra-High Strength Steel Market Outlook

9.3.2.3.1.1.   Market Size & Forecast

9.3.2.3.1.1.1.         By Value

9.3.2.3.1.1.2.         By Volume

9.3.2.3.1.2.   Market Share & Forecast

9.3.2.3.1.2.1.        By End-User Industry

9.3.2.3.2.     France Ultra-High Strength Steel Market Outlook

9.3.2.3.2.1.   Market Size & Forecast

9.3.2.3.2.1.1.         By Value

9.3.2.3.2.1.2.         By Volume

9.3.2.3.2.2.   Market Share & Forecast

9.3.2.3.2.2.1.        By End-User Industry

9.3.2.3.3.     Italy Ultra-High Strength Steel Market Outlook

9.3.2.3.3.1.   Market Size & Forecast

9.3.2.3.3.1.1.         By Value

9.3.2.3.3.1.2.         By Volume

9.3.2.3.3.2.   Market Share & Forecast

9.3.2.3.3.2.1.        By End-User Industry

9.3.2.3.4.     Spain Ultra-High Strength Steel Market Outlook

9.3.2.3.4.1.   Market Size & Forecast

9.3.2.3.4.1.1.         By Value

9.3.2.3.4.1.2.         By Volume

9.3.2.3.4.2.   Market Share & Forecast

9.3.2.3.4.2.1.        By End-User Industry

9.3.2.3.5.     UK Ultra-High Strength Steel Market Outlook

9.3.2.3.5.1.   Market Size & Forecast

9.3.2.3.5.1.1.         By Value

9.3.2.3.5.1.2.         By Volume

9.3.2.3.5.2.   Market Share & Forecast

9.3.2.3.5.2.1.        By End-User Industry

9.4.     Middle East & Africa Ultra-High Strength Steel Market Outlook

9.4.1.Market Size & Forecast

9.4.1.1.              By Value

9.4.1.2.              By Volume

9.4.2.Market Share & Forecast

9.4.2.1.             By Type (Dual Phase, Complex Phase, Multiphase, Martensitic, Transformation-Induced Plasticity and Others)

9.4.2.2.              By End-User Industry (Automotive, Aerospace & Defense and Others)

9.4.2.3.             By Country

9.4.2.3.1.     Saudi Arabia Ultra-High Strength Steel Market Outlook

9.4.2.3.1.1.   Market Size & Forecast

9.4.2.3.1.1.1.         By Value

9.4.2.3.1.1.2.         By Volume

9.4.2.3.1.2.   Market Share & Forecast

9.4.2.3.1.2.1.        By End-User Industry

9.4.2.3.2.     UAE Ultra-High Strength Steel Market Outlook

9.4.2.3.2.1.   Market Size & Forecast

9.4.2.3.2.1.1.         By Value

9.4.2.3.2.1.2.         By Volume

9.4.2.3.2.2.   Market Share & Forecast

9.4.2.3.2.2.1.        By End-User Industry

9.4.2.3.3.     Iran Ultra-High Strength Steel Market Outlook

9.4.2.3.3.1.   Market Size & Forecast

9.4.2.3.3.1.1.         By Value

9.4.2.3.3.1.2.         By Volume

9.4.2.3.3.2.   Market Share & Forecast

9.4.2.3.3.2.1.        By End-User Industry

9.4.2.3.4.     South Africa Ultra-High Strength Steel Market Outlook

9.4.2.3.4.1.   Market Size & Forecast

9.4.2.3.4.1.1.         By Value

9.4.2.3.4.1.2.         By Volume

9.4.2.3.4.2.   Market Share & Forecast

9.4.2.3.4.2.1.        By End-User Industry

9.5.     South America Ultra-High Strength Steel Market Outlook

9.5.1.Market Size & Forecast

9.5.1.1.              By Value

9.5.1.2.              By Volume

9.5.2.Market Share & Forecast

9.5.2.1.             By Type (Dual Phase, Complex Phase, Multiphase, Martensitic, Transformation-Induced Plasticity and Others)

9.5.2.2.              By End-User Industry (Automotive, Aerospace & Defense and Others)

9.5.2.3.             By Country

9.5.2.3.1.     Brazil Ultra-High Strength Steel Market Outlook

9.5.2.3.1.1.   Market Size & Forecast

9.5.2.3.1.1.1.         By Value

9.5.2.3.1.1.2.         By Volume

9.5.2.3.1.2.   Market Share & Forecast

9.5.2.3.1.2.1.        By End-User Industry

9.5.2.3.2.     Argentina Ultra-High Strength Steel Market Outlook

9.5.2.3.2.1.   Market Size & Forecast

9.5.2.3.2.1.1.         By Value

9.5.2.3.2.1.2.         By Volume

9.5.2.3.2.2.   Market Share & Forecast

9.5.2.3.2.2.1.        By End-User Industry

9.5.2.3.3.          Colombia Ultra-High Strength Steel Market Outlook

9.5.2.3.3.1.   Market Size & Forecast

9.5.2.3.3.1.1.         By Value

9.5.2.3.3.1.2.         By Volume

9.5.2.3.3.2.   Market Share & Forecast

9.5.2.3.3.2.1.        By End-User Industry

10.   Market Dynamics

10.1.                     Drivers

10.2.                     Challenges

11.   Market Trends & Developments

12.   Regional Price Analysis

13.   Competitive Landscape

13.1.  Competition Benchmarking

13.2.  Company Profiles (Top Leading Companies)

13.2.1.    ArcelorMittal (Luxembourg)

13.2.2.    The United States Steel Corporation (US)

13.2.3.    Voestalpine Group (Austria)

13.2.4.    SAIL (India), Tata Steel (India)

13.2.5.    Nippon Steel & Sumitomo Metal Corporation (Japan)

13.2.6.    POSCO (South Korea)

14.   Strategic Recommendations

 

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