Global Ultra-High Strength Steel Market Size, Share, Growth, Trend & Forecast 2027

Summary

Report Description

The global ultra-high strength steel market registered growth at a formidable rate during the forecast period. The market growth can be attributed to the high consumption of ultra-high strength steels across various end-user industries such as automobiles, aerospace & defense, construction, among others. Besides, rapid urbanization and industrialization and technological advancements in structural steel and steel grades are expected to drive the market growth. Additionally, rapidly expanding aerospace industry is creating demand for low cost, corrosion resistance, and durable steel, which is anticipated to boost the global ultra-high steel strength market in the coming years. Moreover, growing adoption of steel from the building and construction industry for its structural, environment protection, architectural, economic, and energy-saving aspects is projected to stimulate the market growth. Furthermore, the aerospace and defense industry are keen on adopting sturdy steel components to manufacture modern age aircrafts, jets, rockets, satellites, etc., which is escalating the global ultra-high strength steel market. Increased demand for ultra-high strength steel from automobile industries to meet safety, efficiency, emissions, manufacturability, and quality.

The global ultra-high strength steel market is segmented on the basis of type, end-user, region, and company. Based on the type, the market is further divided into dual phase (DP), complex phase, multiphase, martensitic (MS), transformation-induced plasticity (TRIP), and others. Based on the end-user, the market is further fragmented into automotive, aerospace & defense and others. The automotive segment is expected to hold the largest share in the global ultra-high strength steel market during the forecast period. Asia-Pacific is anticipated to dominate the global market owing to expansion of automobile sector in countries such as China, Korea, Japan and India as well as growing investments to advance the construction technology in the region.

The global ultra-high strength Steel market is controlled by these major players, namely– ArcelorMittal (Luxembourg), The United States Steel Corporation (US), Voestalpine Group (Austria), SAIL (India), Tata Steel (India), Nippon Steel & Sumitomo Metal Corporation (Japan), POSCO (South Korea), etc.

Objective of the Study:

· To outline, classify and estimate the global ultra-high strength steel market on the basis of type, end-user industry and regional distribution.

· To study and forecast the global market size of the ultra-high strength steel, in terms of value and volume.

· To understand the regional market structure of ultra-high strength steel market, the global ultra-high strength steel market is segmented in five regions, namely – Asia-Pacific, North America, Europe, Middle East & Africa and South America and forecast the market size, in terms of value and volume.

· To identify the detailed information about the prime factors affecting the global ultra-high strength steel market.

· To evaluate competitor pricing, average market selling prices and margins in the global ultra-high strength steel market.

· To examine competitive developments such as expansions, new entrants in the global ultra-high strength steel market.

· To strategically profile the leading players in the market which are involved in the manufacturing and supply of ultra-high strength steel worldwide.

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TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of leading Ultra-High Strength Steel manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the company personnel were also enquired about their key products, manufacturing plant location, prices of products and competitors. Through this technique, TechSci Research was able to include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the types, end-user industries, distribution network and regional presence of all major Ultra-High Strength Steel manufacturers across the globe.

TechSci Research calculated the market size for Global Ultra-High Strength Steel using a bottom-up approach, where manufacturers’ value sales data for standard types (Dual Phase, Complex Phase, Multiphase, Martensitic, Transformation-Induced Plasticity and Others) were recorded and forecast for the future years. TechSci Research sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources, secondary sources directories, databases, company annual reports, white papers, investor presentations and financial reports were also used by the TechSci Research.

Key Target Audience:

Ultra-High Strength Steel Manufacturers and Suppliers
Research organizations and consulting companies
Trade Associations, organizations, forums and alliances related to Ultra-High Strength Steel
Government bodies such as regulating authorities and policy makers
Industry associations
Market research and consulting firm

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as Ultra-High Strength Steel manufacturers, distributors and dealers, customers and policy makers about which market segments should be targeted over the coming years (next two to five years) in order to strategize investments and capitalize on the growth of the market segment.

Attribute	Details
Base Year	2021
Historical Years	2017 – 2020
Estimated Year	2022
Forecast Period	2023 – 2027
Quantitative Units	Revenue in USD Million, Volume in Units, and CAGR for 2017-2021 and 2022-2027
Report Coverage	Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends
Segments Covered	· Type · End User Industry
Regional Scope	North America; Asia Pacific; Europe & CIS; South America; Middle East & Africa
Country Scope	United States; Canada; Mexico; China; India; Japan; South Korea; Indonesia; Germany; France; United Kingdom; Italy; Spain; Brazil; Argentina; Colombia; Saudi Arabia; UAE; South Africa; Iran
Key Companies Profiled	ArcelorMittal (Luxembourg), The United States Steel Corporation (US), Voestalpine Group (Austria), SAIL (India), Tata Steel (India), Nippon Steel & Sumitomo Metal Corporation (Japan), POSCO (South Korea).
Customization Scope	10% free report customization with purchase. Addition or alteration to country, regional & segment scope.
Pricing and Purchase Options	Avail customized purchase options to meet your exact research needs. Explore purchase options
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Report Scope:

In this report, the Ultra-High Strength Steel has been segmented into the following categories in addition to the industry trends which have also been detailed below:

Ultra-High Strength Steel Market, by Type:

Dual Phase
Complex Phase
Multiphase
Martensitic
Transformation-Induced Plasticity
Others

Ultra-High Strength Steel Market, by End-User Industry:

Automotive
Aerospace & Defense
Others

Ultra-High Strength Steel Market, by Geography:

Asia-Pacific

China
India
Japan
South Korea
Indonesia
Rest of APAC

North America

U. S.
Canada
Mexico
Rest of North America

Europe

Germany
U.K.
France
Italy
Spain
Rest of Europe

Middle East & Africa

Saudi Arabia
UAE
Iran
South Africa

South America

Brazil
Colombia
Argentina
Rest of South America

Competitive Landscape

Competition Benchmarking: Benchmarking of leading 10 players on the basis of product portfolio, production plants, market pricing, sales footprint, target customer types, etc.

Company Profiles: Detailed analysis of the major companies present in the Ultra-High Strength Steel market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to the company’s specific needs. The following customization options are available for the report:

Channel Partner Analysis

Detailed list of distributors and dealers across all major countries.

Company Information

Detailed analysis and profiling of additional market players (up to five).

Customer Profiling

List of current suppliers of Ultra-High Strength Steel and customers of Ultra-High Strength Steel

It is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1. Product Overview

2. Research Methodology

3. Impact of COVID-19 on Global Ultra-High Strength Steel Market

4. Executive Summary

5. Voice of Customers

6. Global Ultra-High Strength Steel Market Overview

6.1. Installed Capacity and Actual Production

7. Global Ultra-High Strength Steel Market Outlook

7.1. Market Size & Forecast

7.1.1.By Value

7.1.2.By Volume

7.2. Market Share & Forecast

7.2.1.By Type (Dual Phase, Complex Phase, Multiphase, Martensitic, Transformation-Induced Plasticity and Others)

7.2.2.By End-User Industry (Automotive, Aerospace & Defense and Others)

7.2.3.By Region (Asia-Pacific, North America, Europe, Middle East & Africa and South America)

7.2.4.By Company

7.3. Global Market Attractiveness Index & BPS Analysis

8. Global Ultra-High Strength Steel Market Segmental Analysis

8.1. Global Dual Phase Steel Market Outlook

8.1.1.Market Size & Forecast

8.1.1.1. By Value

8.1.1.2. By Volume

8.1.2.Market Share & Forecast

8.1.2.1. By End-User Industry

8.1.2.2. By Region (APAC, North America, Europe, MEA and South America)

8.1.2.3. By Company

8.2. Global Complex Phase Steel Market Outlook

8.2.1.Market Size & Forecast

8.2.1.1. By Value

8.2.1.2. By Volume

8.2.2.Market Share & Forecast

8.2.2.1. By End-User Industry

8.2.2.2. By Region (APAC, North America, Europe, MEA and South America)

8.2.2.3. By Company

8.3. Global Multiphase Steel Market Outlook

8.3.1.Market Size & Forecast

8.3.1.1. By Value

8.3.1.2. By Volume

8.3.2.Market Share & Forecast

8.3.2.1. By Application

8.3.2.2. By Region (APAC, North America, Europe, MEA and South America)

8.3.2.3. By Company

8.4. Global Martensitic Steel Market Outlook

8.4.1.Market Size & Forecast

8.4.1.1. By Value

8.4.1.2. By Volume

8.4.2.Market Share & Forecast

8.4.2.1. By Application

8.4.2.2. By Region (APAC, North America, Europe, MEA and South America)

8.4.2.3. By Company

8.5. Global Transformation-Induced Plasticity Steel Market Outlook

8.5.1.Market Size & Forecast

8.5.1.1. By Value

8.5.1.2. By Volume

8.5.2.Market Share & Forecast

8.5.2.1. By Application

8.5.2.2. By Region (APAC, North America, Europe, MEA and South America)

8.5.2.3. By Company

9. Global Ultra-High Strength Steel Market Regional Analysis

9.1. Asia Pacific Ultra-High Strength Steel Market Outlook

9.1.1.Market Size & Forecast

9.1.1.1. By Value

9.1.1.2. By Volume

9.1.2.Market Share & Forecast

9.1.2.1. By Type (Dual Phase, Complex Phase, Multiphase, Martensitic, Transformation-Induced Plasticity and Others)

9.1.2.2. By End-User Industry (Automotive, Aerospace & Defense and Others)

9.1.2.3. By Country

9.1.2.3.1. China Ultra-High Strength Steel Market Outlook

9.1.2.3.1.1. Market Size & Forecast

9.1.2.3.1.1.1. By Value

9.1.2.3.1.1.2. By Volume

9.1.2.3.1.2. Market Share & Forecast

9.1.2.3.1.2.1. By End-User Industry

9.1.2.3.2. India Ultra-High Strength Steel Market Outlook

9.1.2.3.2.1. Market Size & Forecast

9.1.2.3.2.1.1. By Value

9.1.2.3.2.1.2. By Volume

9.1.2.3.2.2. Market Share & Forecast

9.1.2.3.2.2.1. By End-User Industry

9.1.2.3.3. Japan Ultra-High Strength Steel Market Outlook

9.1.2.3.3.1. Market Size & Forecast

9.1.2.3.3.1.1. By Value

9.1.2.3.3.1.2. By Volume

9.1.2.3.3.2. Market Share & Forecast

9.1.2.3.3.2.1. By End-User Industry

9.1.2.3.4. South Korea Ultra-High Strength Steel Market Outlook

9.1.2.3.4.1. Market Size & Forecast

9.1.2.3.4.1.1. By Value

9.1.2.3.4.1.2. By Volume

9.1.2.3.4.2. Market Share & Forecast

9.1.2.3.4.2.1. By End-User Industry

9.1.2.3.5. Indonesia Ultra-High Strength Steel Market Outlook

9.1.2.3.5.1. Market Size & Forecast

9.1.2.3.5.1.1. By Value

9.1.2.3.5.1.2. By Volume

9.1.2.3.5.2. Market Share & Forecast

9.1.2.3.5.2.1. By End-User Industry

9.2. North America Ultra-High Strength Steel Market Outlook

9.2.1.Market Size & Forecast

9.2.1.1. By Value

9.2.1.2. By Volume

9.2.2.Market Share & Forecast

9.2.2.1. By Type (Dual Phase, Complex Phase, Multiphase, Martensitic, Transformation-Induced Plasticity and Others)

9.2.2.2. By End-User Industry (Automotive, Aerospace & Defense and Others)

9.2.2.3. By Country

9.2.2.3.1. United States Ultra-High Strength Steel Market Outlook

9.2.2.3.1.1. Market Size & Forecast

9.2.2.3.1.1.1. By Value

9.2.2.3.1.1.2. By Volume

9.2.2.3.1.2. Market Share & Forecast

9.2.2.3.1.2.1. By End-User Industry

9.2.2.3.2. Canada Ultra-High Strength Steel Market Outlook

9.2.2.3.2.1. Market Size & Forecast

9.2.2.3.2.1.1. By Value

9.2.2.3.2.1.2. By Volume

9.2.2.3.2.2. Market Share & Forecast

9.2.2.3.2.2.1. By End-User Industry

9.2.2.3.3. Mexico Ultra-High Strength Steel Market Outlook

9.2.2.3.3.1. Market Size & Forecast

9.2.2.3.3.1.1. By Value

9.2.2.3.3.1.2. By Volume

9.2.2.3.3.2. Market Share & Forecast

9.2.2.3.3.2.1. By End-User Industry

9.3. Europe Ultra-High Strength Steel Market Outlook

9.3.1.Market Size & Forecast

9.3.1.1. By Value

9.3.1.2. By Volume

9.3.2.Market Share & Forecast

9.3.2.1. By Type (Dual Phase, Complex Phase, Multiphase, Martensitic, Transformation-Induced Plasticity and Others)

9.3.2.2. By End-User Industry (Automotive, Aerospace & Defense and Others)

9.3.2.3. By Country

9.3.2.3.1. Germany Ultra-High Strength Steel Market Outlook

9.3.2.3.1.1. Market Size & Forecast

9.3.2.3.1.1.1. By Value

9.3.2.3.1.1.2. By Volume

9.3.2.3.1.2. Market Share & Forecast

9.3.2.3.1.2.1. By End-User Industry

9.3.2.3.2. France Ultra-High Strength Steel Market Outlook

9.3.2.3.2.1. Market Size & Forecast

9.3.2.3.2.1.1. By Value

9.3.2.3.2.1.2. By Volume

9.3.2.3.2.2. Market Share & Forecast

9.3.2.3.2.2.1. By End-User Industry

9.3.2.3.3. Italy Ultra-High Strength Steel Market Outlook

9.3.2.3.3.1. Market Size & Forecast

9.3.2.3.3.1.1. By Value

9.3.2.3.3.1.2. By Volume

9.3.2.3.3.2. Market Share & Forecast

9.3.2.3.3.2.1. By End-User Industry

9.3.2.3.4. Spain Ultra-High Strength Steel Market Outlook

9.3.2.3.4.1. Market Size & Forecast

9.3.2.3.4.1.1. By Value

9.3.2.3.4.1.2. By Volume

9.3.2.3.4.2. Market Share & Forecast

9.3.2.3.4.2.1. By End-User Industry

9.3.2.3.5. UK Ultra-High Strength Steel Market Outlook

9.3.2.3.5.1. Market Size & Forecast

9.3.2.3.5.1.1. By Value

9.3.2.3.5.1.2. By Volume

9.3.2.3.5.2. Market Share & Forecast

9.3.2.3.5.2.1. By End-User Industry

9.4. Middle East & Africa Ultra-High Strength Steel Market Outlook

9.4.1.Market Size & Forecast

9.4.1.1. By Value

9.4.1.2. By Volume

9.4.2.Market Share & Forecast

9.4.2.1. By Type (Dual Phase, Complex Phase, Multiphase, Martensitic, Transformation-Induced Plasticity and Others)

9.4.2.2. By End-User Industry (Automotive, Aerospace & Defense and Others)

9.4.2.3. By Country

9.4.2.3.1. Saudi Arabia Ultra-High Strength Steel Market Outlook

9.4.2.3.1.1. Market Size & Forecast

9.4.2.3.1.1.1. By Value

9.4.2.3.1.1.2. By Volume

9.4.2.3.1.2. Market Share & Forecast

9.4.2.3.1.2.1. By End-User Industry

9.4.2.3.2. UAE Ultra-High Strength Steel Market Outlook

9.4.2.3.2.1. Market Size & Forecast

9.4.2.3.2.1.1. By Value

9.4.2.3.2.1.2. By Volume

9.4.2.3.2.2. Market Share & Forecast

9.4.2.3.2.2.1. By End-User Industry

9.4.2.3.3. Iran Ultra-High Strength Steel Market Outlook

9.4.2.3.3.1. Market Size & Forecast

9.4.2.3.3.1.1. By Value

9.4.2.3.3.1.2. By Volume

9.4.2.3.3.2. Market Share & Forecast

9.4.2.3.3.2.1. By End-User Industry

9.4.2.3.4. South Africa Ultra-High Strength Steel Market Outlook

9.4.2.3.4.1. Market Size & Forecast

9.4.2.3.4.1.1. By Value

9.4.2.3.4.1.2. By Volume

9.4.2.3.4.2. Market Share & Forecast

9.4.2.3.4.2.1. By End-User Industry

9.5. South America Ultra-High Strength Steel Market Outlook

9.5.1.Market Size & Forecast

9.5.1.1. By Value

9.5.1.2. By Volume

9.5.2.Market Share & Forecast

9.5.2.1. By Type (Dual Phase, Complex Phase, Multiphase, Martensitic, Transformation-Induced Plasticity and Others)

9.5.2.2. By End-User Industry (Automotive, Aerospace & Defense and Others)

9.5.2.3. By Country

9.5.2.3.1. Brazil Ultra-High Strength Steel Market Outlook

9.5.2.3.1.1. Market Size & Forecast

9.5.2.3.1.1.1. By Value

9.5.2.3.1.1.2. By Volume

9.5.2.3.1.2. Market Share & Forecast

9.5.2.3.1.2.1. By End-User Industry

9.5.2.3.2. Argentina Ultra-High Strength Steel Market Outlook

9.5.2.3.2.1. Market Size & Forecast

9.5.2.3.2.1.1. By Value

9.5.2.3.2.1.2. By Volume

9.5.2.3.2.2. Market Share & Forecast

9.5.2.3.2.2.1. By End-User Industry

9.5.2.3.3. Colombia Ultra-High Strength Steel Market Outlook

9.5.2.3.3.1. Market Size & Forecast

9.5.2.3.3.1.1. By Value

9.5.2.3.3.1.2. By Volume

9.5.2.3.3.2. Market Share & Forecast

9.5.2.3.3.2.1. By End-User Industry

10. Market Dynamics

10.1. Drivers

10.2. Challenges

11. Market Trends & Developments

12. Regional Price Analysis

13. Competitive Landscape

13.1. Competition Benchmarking

13.2. Company Profiles (Top Leading Companies)

13.2.1. ArcelorMittal (Luxembourg)

13.2.2. The United States Steel Corporation (US)

13.2.3. Voestalpine Group (Austria)

13.2.4. SAIL (India), Tata Steel (India)

13.2.5. Nippon Steel & Sumitomo Metal Corporation (Japan)

13.2.6. POSCO (South Korea)

14. Strategic Recommendations

Figures and Tables

Frequently asked questions

What are the factors driving the growth of the global ultra-high strength steel market?

Demand for light-weight, sturdy and superior functional performance bearing steel parts in automotive, aerospace, defense and many other industries are anticipated to propel the global ultra-high strength steel market through 2027.

Which segment is expected to dominate the global ultra-high strength steel market?

Based on end-user type, the automotive segment is expected to dominate the global ultra-high strength steel market.

Which region is anticipated to register the highest growth in the global ultra-high strength steel market?

Asia-Pacific region is anticipated to register the highest growth in the global ultra-high strength steel market.

Who are the major market players in the global ultra-high strength steel market?

The global ultra-high strength steel market is controlled by these major players, namely– ArcelorMittal (Luxembourg), The United States Steel Corporation (US), Voestalpine Group (Austria), SAIL (India), Tata Steel (India), Nippon Steel & Sumitomo Metal Corporation (Japan), POSCO (South Korea), etc.

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