Sandra Ulbrich

Main Menu

  • Palladium
  • US Steel Prices
  • Iron Prices
  • Copper Prices
  • Saving Investment

Sandra Ulbrich

Header Banner

Sandra Ulbrich

  • Palladium
  • US Steel Prices
  • Iron Prices
  • Copper Prices
  • Saving Investment
US Steel Prices
Home›US Steel Prices›High Strength Steel Market Growth of $ 13.73 Billion: By Application (Automotive, Construction, Aviation and Others) and Region | Global forecasts to 2025

High Strength Steel Market Growth of $ 13.73 Billion: By Application (Automotive, Construction, Aviation and Others) and Region | Global forecasts to 2025

By Brian D. Smith
December 27, 2021
0
0


NEW YORK, Dec. 27 2021 / PRNewswire / – Major industries such as construction, transportation, and fabricators have cut back on investment in new projects due to declining consumer demand. In the first half of 2020, countries like China, the United States and India saw a sharp decline in automotive demand, which had a negative impact on the sales of various steel products.

Attractive Opportunities in High Strength Steel Market by Application and Geography – Forecast and Analysis 2021-2025

Manufacturing and transportation activities were weak, which in turn affected the demand for crude steel products. This resulted in an imbalance between supply and demand, leading to lower prices for steel. This has affected the profit margins of various suppliers such as ArcelorMittal, Tata Steel, etc. However, in 2021, the resumption of end-user operations is expected to positively impact the growth of the target market during the forecast period.

Key High Strength Steel Market Highlights of the report:

  • Market growth 2020-2025: $ 13.73 billion

  • Growth momentum and CAGR: Accelerate to a CAGR of 9.86%

  • YoY growth (%): 9.04%

  • Contribution to the efficient market: APAC at 47%

  • Main consumer countries: United States, India, China, Japan, and Germany

Want more data and information that is not included in this report? Contact our analysts and obtain this report which can be customized according to your needs. Talk to an analyst.

Regional market analysis

  • 47% of the market growth will come from APAC during the forecast period. China, India and Japan are the key markets for high strength steel in APAC.

  • The market growth in this region will be faster than the market growth in the European regions of North America and South America.

  • Rapid industrialization and increasing infrastructure developments will facilitate the growth of the APAC high strength steel market during the forecast period.

For more information on the regional market: Request a free sample report.

Key Suppliers and Supplier Strategies

  • ArcelorMittal SA, Essar Steel India Ltd., HBIS Group Co. Ltd., Hyundai Steel Co., JSW STEEL Ltd., Nippon Steel Corp., Nucor Corp., POSCO, Tata Steel Ltd. and United States Steel Corp. are few of the major suppliers to the High Strength Steel Market.

  • The market is fragmented and vendors are deploying organic and inorganic growth strategies to compete in the market.

  • ArcelorMittal SA offers a wide range of high strength steels such as Ultra 690 QL QL1, Ultra 890, Ultra 960 among others under the brand Amstrong.

  • Essar Steel India Ltd. offers high strength steel for consumer sectors such as automotive, white goods, construction, engineering and shipbuilding.

  • HBIS Group Co. Ltd. offers high strength steels widely used in automotive, household appliances, pipelines, bridges, mechanical manufacturing, storage and other fields.

Download our free sample report to have a brief understanding of the various other vendors and vendor strategies.

Main market drivers

Our analysts have described in detail the information about the major market drivers and their impact on the High Strength Steel market.

Know some other market drivers, trends and challenges.

Download our free sample report

Here are some similar topics-

Galvanized Steel Market by Product and Geography – Forecast and Analysis 2021-2025: The galvanized steel market has the potential to grow by 57.74 million tons during the period 2021-2025, and the market growth momentum will accelerate at a CAGR of 3.02%. Download a free sample exclusive report

GCC Steel Industry Refractory Materials Market by Shape Type and Geography – Forecast and Analysis 2021-2025: The GCC steel industry refractory materials market has the potential to grow by 37.78 MT during 2021-2025, and the market growth momentum will accelerate at a CAGR of 3.41%. Download a free sample exclusive report

Scope of the high strength steel market

Cover of the report

Details

Page number

120

Year of reference

2020

Forecast period

2021-2025

Growth dynamics and CAGR

Accelerate to a CAGR of 9.86%

Market growth 2021-2025

$ 13.73 billion

Market structure

Fragmented

Annual growth (%)

9.04

Regional analysis

APAC, North America, Europe, South America and MEA

Efficient contribution to the market

47% APAC

Main consumer countries

China, United States, India, Japan and Germany

Competitive landscape

Leading companies, competitive strategies, reach of consumer engagement

Profiled companies

ArcelorMittal SA, Essar Steel India Ltd., HBIS Group Co. Ltd., Hyundai Steel Co., JSW STEEL Ltd., Nippon Steel Corp., Nucor Corp., POSCO, Tata Steel Ltd. and United States Steel Corp.

Market dynamics

Parent Market Analysis, Market Growth Drivers and Obstacles, Analysis of Fast Growing and Slow Growing Segments, Impact of COVID-19 and Future Consumer Dynamics, Analysis of Market Conditions for the Forecast Period,

Customization

If our report didn’t include the data you’re looking for, you can reach out to our analysts and customize the segments.

About Us

Technavio is one of the world’s leading technology research and consulting companies. Their research and analysis focuses on emerging market trends and provides actionable insights to help companies identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialist analysts, Technavio’s report library includes over 17,000 and more reports, spanning 800 technologies, spanning 50 countries. Their customer base consists of companies of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio’s comprehensive coverage, in-depth research and actionable market intelligence to identify opportunities in existing markets. and potentials and assess their competitive positions in changing market scenarios.

Contact

Technavio research
Jesse maida
Communication and Marketing Officer
United States: +1 844 364 1100
United Kingdom: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

Technavio (PRNewsfoto / Technavio)

Technavio (PRNewsfoto / Technavio)

Cision

Cision

View original content to download multimedia: https://www.prnewswire.com/news-releases/usd-13-73-billion-growth-in-high-strength-steel-market-by-application-automotive-construction -aviation -and-others-and-region – global-forecast-until 2025 – technavio-301450745.html

SOURCE Technavio


Related posts:

  1. More than wood: building materials are causing price hikes
  2. Listed solar tracker companies bearing the brunt of the costs, showing little sign of slowing down
  3. Steel nail duties will remain in effect after USITC vote
  4. Soaring raw material costs could delay new US chicken plant

Recent Posts

  • Price hike affecting fireworks | News, Sports, Jobs
  • Sensex and Nifty drop more than 1% after pullback rally fails
  • The return of Mars Volta with a new song “Blacklight Shine”
  • Inflation holds back new infrastructure projects | News, Sports, Jobs
  • European banks rally, iron ore drops 8%, RBA minutes, Graincorp, BHP, Zip Co on watch: ASX higher

Archives

  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • March 2021

Categories

  • Copper Prices
  • Iron Prices
  • Palladium
  • Saving Investment
  • US Steel Prices
  • Terms and Conditions
  • Privacy Policy