Fact.MR’s report delivers actionable insights into the advanced high strength steel market over the forecast period of 2018-2027. The report finds that advanced high strength steel market is likely to expand at a volume CAGR of over 10% through 2027. Sales of advanced high strength steel have witnessed a significant surge, in line with growing preference of end-use industries for materials with favorable mechanical properties. The advanced high strength steel demand is likely to surpass 13,800 KT in 2019, registering an upswing from 2018, as per the latest research study by Fact.MR.
Interest in enhancing fuel economy and vehicular safety continues to grow across both developed and developing economies, creating sustained opportunities for manufacturers of advanced high strength steel. The report opines that growing demand for advanced high strength steel has translated into a massive influx of innovative and new products, well aligned with end-user interest vis-à-vis high strength and optimal performance.
According to the Fact.MR report, end-user preference for dual phase advanced high strength steel (AHSS) continues to remain intact, with global sales likely to exceed 10,300 KT in 2019. Dual phase advanced high strength steel, otherwise known as ‘DP-AHSS’, offers immense scope for developing lighter and thinner components without compromising on strength, which is one among the chief factors boosting its adoption across multiple end-use verticals. Martensitic advanced high strength steel is also estimated to join the trail in terms of demand in 2019 and beyond, as end-users continue to demonstrate marked preferences for steel solutions offering robust mechanical strength.
The Fact.MR analysis finds that AHSS variants with moderate tensile strength will continue to remain preferred, on account of high use across a range of applications. This report opines that AHSS with ‘600-900 MPa’ tensile strength will remain the top-selling variant, with global sales estimated to exceed 7,000 KT in 2019.
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Advanced High Strength Steel Witness High Adoption in Development of Structural Details & Reinforcements
According to the Fact.MR report, advanced high strength steel will witness extensive adoption in development of structural details. Advanced high strength steel are widely used for crafting structural details and reinforcements as they offer immense scope for weight optimization and freedom of design. This, in turn, makes it a lucrative application target for the manufacturers in terms of profitability. Moreover, use of advanced high strength steel in manufacturing car seats is also gaining substantial traction, as car seat components are subject to strict safety standards.
Global advanced high strength steel market players need to seize opportunities created by regulations that prioritize light weighting and fuel efficiency, according to a new study by Fact.MR.
According to the study, advanced high strength steel market will grow at over 10% annually, and reach nearly USD 30 billion in revenues by 2029.
"Car manufactures around the globe are embracing advanced high strength steel.
The advantage of having added safety without adding significant costs to the bottom-line, has made advanced high strength steel sought-after among carmakers," says the Fact.MR report.Advanced High Strength Steel Market: Key FindingsChina and India will drive demand for advanced high strength steel, driving heightened market activity in Asia PacificStringency in regulations in EU5 will create demand for lightweight materials, thereby benefitting the advanced high strength steel industryDual phase (DP) will remain the preferred advanced high strength steel type, despite growing popularity of Transformation-induced plasticity (TRIP)In a bid to replace high cost solutions, 3rd generation AHSS will capture larger profit pools on back of its high tensile strength properties and cost-effectivenessAHSS Market: Key Driving FactorsConcerted shift toward lightweight materialsStringent safety and fuel regulations, especially in developed countriesShifting consumer preference from heavy to lightweight passenger carsYou can Request an Example Copy from here - https://www.factmr.com/connectus/sample?flag=S_id=2995AHSS Market: Key RestraintsHigh cost of AHSS vis-à-vis conventional variantsLax regulations in various developing countries where passenger car sales are highCompetition LandscapeManufacturers are leveraging the high growth potential of the AHSS market by smart strategies that enable them to achieve repetitive sales and pave the way for long-term customer retention.
In a competitive and highly consolidated market, industry heavyweights are targeting capacity expansion and well-timed acquisitions in order to meet large scale global demand for AHSS.
Prominent companies operating in the global advanced high strength steel (AHSS) market, include ThyssenKrupp AG, Nucor Corp, ArcelorMittal SA., AK Steel Holding Corp, Baoshan Iron & Steel Co., Ltd and SSAB AB.
The advanced high strength steel market remains a consolidated landscape, with the monopoly of the leading players.
Buoyancy of the leading players in the advanced high strength steel market can be attributed to their global presence, and high orientation toward R activities.Sales of advanced high strength steel have witnessed a significant surge, in line with growing preference of end-use industries for materials with favorable mechanical properties.
The demand for advanced high strength steel is likely to surpass 13,800 KT in 2019, registering an upswing from 2018, as per the latest research study by Fact.MR.Interest in enhancing fuel economy and vehicular safety continues to grow across both developed and developing economies, creating sustained opportunities for manufacturers of advanced high strength steel.
The report opines that growing demand for advanced high strength steel has translated into a massive influx of innovative and new products, well aligned with end-user interest vis-à-vis high strength and optimal performance.Request to View Sample of Report @ https://www.factmr.com/connectus/sample?flag=S_id=2995According to the Fact.MR report, end-user preference for dual phase advanced high strength steel (AHSS) continues to remain intact, with global sales likely to exceed 10,300 KT in 2019.
Dual phase advanced high strength steel, otherwise known as ‘DP-AHSS’, offers immense scope for developing lighter and thinner components without compromising on strength, which is one among the chief factors boosting its adoption across multiple end-use verticals.
Martensitic advanced high strength steel is also estimated to join the trail in terms of demand in 2019 and beyond, as end-users continue to demonstrate marked preferences for steel solutions offering robust mechanical strength.The Fact.MR analysis finds that AHSS variants with moderate tensile strength will continue to remain preferred, on account of high use across a range of applications.
UpMarketResearch offers a latest published report on “Global Automotive Advanced High Strength Steel (AHSS) Market Industry Analysis and Forecast 2018-2025” delivering key insights and providing a competitive advantage to clients through a detailed report.
The report contains 143 pages which highly exhibits on current market analysis scenario, upcoming as well as future opportunities, revenue growth, pricing and profitability.
It presents a comparative detailed analysis of all the regional and major player segments, offering readers a better knowledge of areas in which they can place their existing resources and gauging the priority of a particular region in order to boost their standing in the global market.
It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis.
The major manufacturers covered in this reportBaoshan Iron & Steel Co. LtdArcelorMittal SATata Steel LimitedKobe Steel Ltd.POSCOSSAB ABThyssenKrupp AGUnited Steel CorporationAK Steel Holding Corporation Geographically, this report studies the top producers and consumers, focuses on product capacity, production, value, consumption, market share and growth opportunity in these key regions, coveringNorth America (United States, Canada and Mexico)Europe (Germany, UK, France, Italy, Russia, Spain and Benelux)Asia Pacific (China, Japan, India, Southeast Asia and Australia)Latin America (Brazil, Argentina and Colombia)Middle East and Africa On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split intoDual Phase SteelMartensitic SteelBoron SteelTRIP SteelOthers By Application, the market can be split intoPassenger CarsCommercial Vehicles The Report covers in-depth analysis as follows:Chapter 1 Overview of Automotive Advanced High Strength Steel (AHSS)Chapter 2 Global Market Status and Forecast by RegionsChapter 3 Global Market Status and Forecast by TypesChapter 4 Global Market Status and Forecast by Downstream IndustryChapter 5 North America Market Status by Countries, Type, Manufacturers and Downstream IndustryChapter 6 Europe Market Status by Countries, Type, Manufacturers and Downstream IndustryChapter 7 Asia Pacific Market Status by Countries, Type, Manufacturers and Downstream IndustryChapter 8 Latin America Market Status by Countries, Type, Manufacturers and Downstream IndustryChapter 9 Middle East and Africa Market Status by Countries, Type, Manufacturers and Downstream IndustryChapter 10 Market Driving Factor Analysis of Automotive Advanced High Strength Steel (AHSS)Chapter 11 Automotive Advanced High Strength Steel (AHSS) Market Competition Status by Major ManufacturersChapter 12 Automotive Advanced High Strength Steel (AHSS) Major Manufacturers Introduction and Market DataChapter 13 Upstream and Downstream Market Analysis of Automotive Advanced High Strength Steel (AHSS)Chapter 14 Cost and Gross Margin Analysis of Automotive Advanced High Strength Steel (AHSS)Chapter 15 Report ConclusionChapter 16 Research Methodology and Reference Buy this report@ https://www.upmarketresearch.com/buy/automotive-advanced-high-strength-steel-ahss-market “Global Automotive Advanced High Strength Steel (AHSS) Market Industry Analysis and Forecast 2018-2025” report helps the clients to take business decisions and to understand strategies of major players in the industry.
The report also calls for market-driven results deriving feasibility studies for client needs.
Advanced high-strength steels, also known as AHSS, are the complex materials produced from heating and cooling processes.
In addition, replacing cast iron and conventional steel components with AHSS directly reduces chassis by up to 50%, and thus minimizes fuel consumption of the vehicle.
Thus, the adoption of lightweight steel facilitates the incorporation of additional advanced emission control system, safety devices, and integrated electronic systems without hampering the overall vehicle weight.
This further supplements the growth of the global advanced high-strength steel market.The Global Advanced High-Strength Steel Market size was valued at $13,147 million in 2016, and is expected to reach $29,151 million by 2023, registering a CAGR of 12.2% from 2017 to 2023.
North America dominated the global market in 2016, accounting for one-third share of the total revenue.Download Report Sample @ https://www.alliedmarketresearch.com/request-sample/4596The Major Key players Are:Tata Steel LimitedArcelorMittal S.A.NanoSteelAK Steel CorporationNucor CorporationMTL Advanced Ltd.United States Steel CorporationBaoshan Iron and Steel Co. Ltd.Kobe Steel Ltd.SSAB AB.The deployment of AHSS in the automobile industry experiences significant growth.
The continuous adoption of the new technologies and grades is expected to shape the automotive sector by providing lighter vehicles and meeting fuel efficiency standards.
