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Global Advanced and Ultra-High-Strength Steel Market - Opportunity Analysis and Industry Forecast, 2017-2023

Advanced Materials	MA_182614	Pages: NA	Jun 2018 \| 278 Views
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Advanced and ultra-high-strength steel are complex sophisticated materials containing multiphase microstructures and chemical compositions resulting from precisely controlled cooling and heating processes. This steel has 550 MPa yield strength and >780 MPa tensile strength. They offer high strength and optimized formability, which allows weight reduction and design freedom for various types of crash components and structural reinforcements. Recently, an increase is witnessed in funding & research for development of third generation advanced ultra-high-strength steel to offer enhanced strength-ductility combinations and showcase the potential for efficient joining capabilities at lower costs.

Growth in transport industry and technological advancements in products & production procedures are major factors that drive the growth of advanced and ultra-high-strength steel market. Increase in industrialization and growth in infrastructure investment are other factors, which supplement market growth. Asia-Pacific is expected to register substantial growth owing to, massive urbanization in emerging economies such as China & India and growth in income of people in urban areas. Fluctuation in raw material prices and competition from substitutes such as carbon fibre reinforced plastic (CFRP) restrain the market growth. However, introduction of third generation advanced high strength steel and rapid growth in applications in various end-user industries such as automotive are factors expected to provide potential growth opportunities for the industry.

The report segments the advanced and ultra high-strength steel market on the basis of product type, production procedure, application, and geography. Based on product type, it is divided into dual phase (DP), complex-phase (CP), ferritic-bainitic (FB), martensitic (ms or mart), transformation-induced plasticity (TRIP), hot-formed (HF), and twinning-induced plasticity (TWIP). On the basis of production procedure, the market is bifurcated into hot rolled and cold rolled. On the basis of application, it is classified into automotive, aerospace, construction, heavy machinery, and others (power generation and shipbuilding). Automotive is further divided into automotive body-in-white, precision tubes, engine sub-frames, wheels, crash boxes, roofbows, door & sill reinforcements, chassis & suspension components, and others (support components, upper & lower control arms and twist beam rear axles). By geography, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

In November 2016, ArcelorMittal S.A. launched two new martensitic steels MartINsite M2000 & M1700 and press hardenable steels Ductibor 1000 & Usibor 2000. The steels were launched to assist automotive manufacturers in reducing their vehicle weight without compromising on performance or safety.

Comprehensive competitive analysis and profiles of major market players such as Anshan Iron and Steel Group Corporation, ArcelorMittal S.A, China Baowu Steel Group Corp., Ltd., JFE Steel Corporation, Kobe Steel, Ltd., Nippon Steel & Sumitomo Metal Corporation, Shougang Group, Tata Steel Limited, ThyssenKrupp AG and Voestalpine Stahl GmbH is also provided in the report.

Key Benefits

This report provides a quantitative analysis of the current trends and estimations from 2017 to 2023 of the global advanced and ultra-high-strength steel market to identify the prevailing market opportunities.
Major countries in each region are mapped according to individual market revenue.
Comprehensive analysis of factors that drive and restrict the market growth is provided.
An in-depth analysis of current research & clinical developments within the market is provided with key dynamic factors.
Key players and their key developments in the recent years are listed.

Advanced and Ultra-high-strength Steel Market Key Segments:

By Product Type

Dual Phase (DP)
Complex-Phase (CP)
Ferritic-Bainitic (FB)
Martensitic (MS or MART)
Transformation-Induced Plasticity (TRIP)
Hot-Formed (HF)
Twinning-Induced Plasticity (TWIP)

By Production Procedure

Hot Rolled
Cold Rolled

By Application

Automotive
- Automotive Body-In-White
- Precision Tubes
- Engine Sub-Frames
- Wheels
- Crash boxes
- Roofbows
- Door & Sill Reinforcements
- Chassis & Suspension Components
- Others (Support Components, Upper & Lower Control Arms, and Twist Beam Rear Axles)
Aerospace
Construction
Heavy Machinery
Others (Power Generation and Shipbuilding)

By Geography

North America
- U.S.
- Canada
- Mexico
Europe
- UK
- Germany
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
LAMEA
- Brazil
- South Africa
- Argentina
- Turkey
- Rest of LAMEA

Other Market Players:

AK Steel Holding Corporation
CSC Steel Holdings Bhd
Hyundai-Steel Company
JSW Steel Limited
NLMK Pennsylvania Corp.
Nucor Corporation
Posco Daewoo Corporation
United States Steel Corporation
Usinas Siderrgicas de Minas Gerais S.A.

With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:

Consistent, valuable, robust and actionable data & analysis that can easily be referenced for strategic business planning
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With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.

Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

Patent and regulatory databases for understanding of technical & legal developments
Scientific and technical writings for product information and related preemptions
Regional government and statistical databases for macro analysis
Authentic new articles, web-casts and other related releases for market evaluation
Internal and external proprietary databases, key market indicators and relevant press releases for market estimates and forecast

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Product and sales managers or country heads; channel partners and top level distributors; banking, investments and valuation experts Key opinion leaders (KOLs)

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Global Advanced and Ultra-High-Strength Steel Market - Opportunity Analysis and Industry Forecast, 2017-2023