Global High Strength Steel Market– Industry Trends and Forecast to 2026

High Strength Steel is defined as steel that has yield strength ranging between 210-550 MPa and a tensile strength 270 to 700MPa. High strength steel is the type of steel that promotes high yield due to strengthening mechanisms that were employed on the steel to achieve better strength, toughness, fatigue and ductility.  
 High strength steel is used in a wide variety of applications, most prominent are automotive, heavy machinery manufacturing, energy and power, ship building, aerospace, packaging and consumer goods.
 Most commonly high strength steel is produced with the cold rolled process followed by hot rolled, metallic rolled and direct rolled. 

 Segmentation: Global High Strength Steel Market

Global high strength steel market is segmented into three notable segments which are grade type, product type and end users.
  • On the basis of grade type, the market is segmented into high strength low alloy, dual phase, transformation inducted plasticity, bake hardenable, rephosphorised steel, interstitial free and others. Dual phase high strength steel segment is growing at the highest CAGR of in the forecast period of 2019 to 2026.
  • In November 2018, Tata Steel expanded their steel production in MTPA Phase-II expansion of its Kalinganagar plant. The capacity of the plant is around 8 million tons per annum (MTPA). This addition in the capacity of the plant will enhance the steel production of the company.

Competitive Analysis: Global High Strength Steel Market

Some of the major players operating in this market are POSCO, Arcelormittal S.A., Nippon Steel & Sumitomo Metal Corporation, Tata Steel, NUCOR, HBIS Group, HYUNDAI STEEL, AK Steel Corporation


CONTACT US:
Customer Support 24*7
USA Number – +1 888 387 2818 (Toll – Free)
Europe Number – +44 208 089 1725
Asia Pacific Number – +81 34 520 8959
Skype.Address: databridgemarketresearch

Comments

Post a Comment

Popular posts from this blog

Global Mass spectrometry Market – Industry Trends & Forecast to 2026

Image
Market Definition: Global Mass spectrometry Market  Mass spectrometry is an analytical technique which is used to identify the quantity and type of chemical in a given sample. The mass spectrometry analyzes the mass-to-charge ratio of ions in simple and complex mixtures. Market Analysis: Global Mass spectrometry Market  Global Mass spectrometry Market  is expected to rise from its initial estimated value of USD 6.91 billion in 2018 to an estimated value of USD 13.98 billion by 2026, registering a CAGR of 9.2% in the forecast period of 2019-2026. This rise in market value can be attributed to the increasing technological advancement to adopt the new technology. Segmentation: Global Mass spectrometry Market  By Technology Single Mass Spectrometry Into Ion Trap Matrix Assisted Laser Desorption/ Ionization -Time Of Flight Quadrupole Key Market Competitors: Few of the major competitors currently working in the mass spectrometry market are :- Agilent Technolo
Read more

Global Smart Transportation Market – Industry Trends and Forecast to 2026

Image
The  Smart Transportation  is one of the most crucial and equipped with ITS (Intelligent Transportation System) based applications. It is connected wirelessly with Internet of Things (IoT) vertical technology. The main purpose is to collect data and controlling the real-time conditions, to improve performance and others. The smart sensor offers a wide range of applications in road transport including infrastructure, traffic management, mobility management, car navigation, container management systems, automatic number plate recognition and security CCTV systems applications.Global smart transportation market is expected to  register a healthy CAGR of 19.7% in the forecast period of 2019 to 2026. Segmentation: Global Smart Transportation Market  The  Smart transportation market  is segmented into four notable segments which are solution, services and transportation On the basis of solution, the market is segmented into passenger information solution, traffic management solutio
Read more

Global Ostomy Drainage Bags Market

Image
Definition: Ostomy Drainage Bags Market Ostomy drainage bags are made of plastic or rubber which are used in ostomy procedures and is attached to the artificial opening to collect wastes. The bags are available in disposable and reusable types. Market Analysis:  Ostomy Drainage Bags The Global Ostomy Drainage Bags Market accounted to USD 3.1 billion in 2016 growing at a CAGR of 4.1% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024. Major drivers and restraints:  Increasing incidences of cancer and chronic diseases Government initiatives to create awareness regarding the procedures done for treatment of various diseases Stringent regulatory framework Alternate su
Read more