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High Strength Steel Market to grow at a CAGR of 8.18% by 2021


Global High Strength Steel Market Research Report 2017 to 2021 provides a unique tool for evaluating the market, highlighting opportunities, and supporting strategic and tactical decision-making. This report recognizes that in this rapidly-evolving and competitive environment, up-to-date marketing information is essential to monitor performance and make critical decisions for growth and profitability. It provides information on trends and developments, and focuses on markets and materials, capacities and technologies, and on the changing structure of the High Strength Steel Market.

Companies Mentioned are ArcelorMittal, POSCO, Shanghai Baosteel Group (Baosteel), Tata Steel, United States Steel, CITIC, Gerdau, Hyundai Steel Company, JFE Steel Corporation, JSW Steel, Nucor, and SSAB.

The global High Strength Steel market consists of different international, regional, and local vendors. The market competition is foreseen to grow higher with the rise in technological innovation and M&A activities in the future. Moreover, many local and regional vendors are offering specific application products for varied end-users. The new vendor entrants in the market are finding it hard to compete with the international vendors based on quality, reliability, and innovations in technology.

Major points covered in Global High Strength Steel Market 2017 Research are:-

  • What will the market size and the growth rate be in 2021?
  • What are the key factors driving the global High Strength Steel market?
  • What are the key market trends impacting the growth of the global High Strength Steel market?
  • What are the challenges to market growth?
  • Who are the key vendors in the global High Strength Steel market?
  • What are the market opportunities and threats faced by the vendors in the global High Strength Steel market?
  • Trending factors influencing the market shares of the Americas, APAC, and EMEA.
  • What are the key outcomes of the five forces analysis of the global High Strength Steel market?

This independent 70 page report guarantees you will remain better informed than your competition. With over 150 tables and figures examining the High Strength Steel market, the report gives you a visual, one-stop breakdown of the leading products, submarkets and market leader’s market revenue forecasts as well as analysis to 2021.

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Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), and market share and growth rate of High Strength Steel in these regions, from 2012 to 2021 (forecast), covering Americas, APAC and EMEA.

The report provides a basic overview of the High Strength Steel industry including definitions, classifications, applications and industry chain structure. And development policies and plans are discussed as well as manufacturing processes and cost structures.

Then, the report focuses on global major leading industry players with information such as company profiles, product picture and specifications, sales, market share and contact information. What’s more, the High Strength Steel industry development trends and marketing channels are analyzed.

Commenting on the report, an analyst from MIR’s team said: “One trend in the market is TMCP technique for high strength steel. TMCP is a microstructural control technique used in the manufacturing of steel plates to obtain enhanced properties such as increased toughness, strength, and weldability. Some of the examples of TMCP are controlled cooling, controlled rolling, and direct quenching.”

According to the report, one driver in the market is corrosion resistance and mechanical properties. High strength steel improves the corrosion resistance of steel and demonstrates excellent mechanical properties such as tensile strength, formability, and weldability. Rolled-carbon steels show improved mechanical properties as they are subjected to special processing techniques such as accelerated cooling and controlled rolling.

Further, the report states that one challenge in the market is financial risks affecting sale of high strength steel. The sale of high strength steels is subject to financial risks. The demand for high strength steels is dependent upon the performance of the global steel industry. The steel and high strength steel markets are susceptible to price divergence risks, resulting from the deviation between derivative and physical prices of high strength steels because of economic factors across the globe.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

The research includes historic data from 2012 to 2016 and forecasts until 2021 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs. The report will make detailed analysis mainly on above questions and in-depth research on the development environment, market size, development trend, operation situation and future development trend of High Strength Steel on the basis of stating current situation of the industry in 2017 so as to make comprehensive organization and judgment on the competition situation and development trend of High Strength Steel Market and assist manufacturers and investment organization to better grasp the development course of High Strength Steel Market.

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