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Advanced High Strength Steel Market
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Advanced High Strength Steel Market

The global advanced high-strength steel (AHSS) market is set to reach a valuation of US$ 20.3 billion in 2022 and expand rapidly at a CAGR of 7.9% to end up at US$ 44.2 billion by 2032. Sales of advanced high-strength steel (AHSS) accounted for nearly 2%share of the global steel market at the end of 2021. AHSS is used in oil rigs, bridges, civil engineering, and construction machines owing to its light weight, strength, durability, recyclability versatility, and high corrosion resistance. The offer in this section includes a variety of opportunities, such as the ability to manufacture goods and provide retail, wholesale, and exhibiting services. The researchers at Fact.MR has used extensive rounds of both necessary and optional research to arrive at various estimations and projections for the demand for advanced high-strength steel (AHSS) market on both a global and regional scale.

Download Sample Copy of This Report:https://www.factmr.com/connectus/sample?flag=S&rep_id=2995?PJ

Market Players: –

  • AK Steel Holding Corp.

  • ArcelorMittal SA.

  • Baker Hughes Company

  • Baoshan Iron & Steel Co., Ltd

  • Big River Steel

  • Nucor Corp

  • POSCO

  • SSAB AB

  • Steel Technologies LLC

  • Tata Steel Ltd.

  • ThyssenKrupp AG

  • United States Steel Corporation

The examiners have utilized various vast conspicuous business knowledge devices to unite realities, figures, and market information into income assessments and projections in the Market.Key partners in the Market including industry players, policymakers, and financial backers in different nations have been persistently realigning their systems and ways to deal with carry out them to take advantage of new open doors. Numerous lately have updated their procedures to stay coordinated in the setting of overall disturbances brought about by the COVID-19 pandemic.

Segmentation of AHSS Industry Research

  • By Type:

    • Dual Phase (DP)

    • Martensitic (MS)

    • Transformation-induced Plasticity (TRIP)

    • Twinning-induced Plasticity (TWIP)

    • Others

  • By Vehicle Type:

    • Passenger

    • Commercial

  • By Tensile Strength:

    • Up to 600 MPa

    • 600-900 MPa

    • 900-1200 MPa

    • 1200-1500MPa

    • Above 1500MPa

  • By Application:

    • Structural Details

    • Car Seats

    • Bumpers

    • Chassis, Wheels & Power Train

    • Side Impact Beams

    • Others

  • By Region:

    • North America

    • Latin America

    • Europe

    • East Asia

    • South Asia & Oceania

    • MEA

What Do You Get in a Fact.MR Study?

  • Factors affecting the overall development of the global Advanced High Strength Steel (AHSS) Market

  • Factor that might restrain the growth of the global market in the coming years of the forecast period.

  • What is present competitive scenario of the global Advanced High Strength Steel (AHSS) Market and its intricate details concerning potential business prospects of leading market players

  • Pricing strategies of several different market players in the global Advanced High Strength Steel (AHSS) Market

Competitive Landscape

Prominent advanced high-strength steel manufacturers are AK Steel Holding Corp, ArcelorMittal SA., Baker Hughes Company, Baoshan Iron & Steel Co., Ltd, Big River Steel, Nucor Corp, POSCO, SSAB AB, Steel Technologies LLC, Tata Steel Ltd, ThyssenKrupp AG, and United States Steel Corporation. Market players are focusing on product innovation, with '3rd Generation' being the buzzword. Forward integration with leading automotive players remains a key differentiating strategy.An inorganic strategy such as acquiring an AHSS firm that is preferable over the expansion of the firm is majorly followed by market players. Collaborations among key market players and automotive players remain a major point.

  • In July 2022, ArcelorMittal acquired 80% of voestalpine's HBI plant in Texas to increase its capacity and produce high-quality input resources that are required for low-carbon emissions steel making.

  • In January 2022 SSAB announced its plan to invest  US$ 4.1 billion  in a new Nordic production system to broaden the offering of its premium products, AHSS, and Q&T.

Fact.MR has provided detailed information about the price points of key manufacturers of AHSS positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.

Regional analysis includes

  • North America (US, Canada)

  • Latin America (Brazil, Mexico, Argentina, Chile, Peru, Rest of LATAM)

  • EU – (Germany, France, Italy, Spain), UK, BENELUX (Belgium, Netherlands, Luxemburg), NORDIC (Norway, Denmark, Iceland, Sweden), Eastern Europe (Poland, Ukraine, Czech Rep..), Rest of Europe

  • CIS & Russia

  • Japan

  • Asia Pacific Excluding Japan (Greater China, India, S. Korea, ASEAN Countries, Rest of APEJ