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Global Advanced High-strength Steel Market Outlook 2017-2026, With an Expected CAGR of 13.3% – ResearchAndMarkets.com

The “Advanced
High-strength Steel – Global Market Outlook (2017-2026)” report
has been added to ResearchAndMarkets.com’s offering.

According to the publisher, the Global advanced high-strength steel
market is accounted for $13,650.53 billion in 2017 and is expected to
reach $420,07.65 billion by 2026 growing at a CAGR of 13.3%.

Rise in penetration of lightweight components, increase in need to curb
CO2 emissions, development of the automotive industry are some of the
key factors fueling the market growth. However, availability of
substitutes in the market and high production costs of high strength
steels due to increased prices of raw materials are restricting the
market.

Advanced high-strength steels are complex sophisticated materials
containing multiphase microstructures and chemical compositions
resulting from precisely controlled cooling and heating processes. These
steels possess yield strength of 550 MPa and tensile strength of 780
MPa. They offer high strength and optimized formability, which allows
weight reduction and design freedom for various types of crash
components and structural reinforcements.

Amongst type, the high strength low alloy segment held considerable
market share during the predicted period. These low levels of alloying
elements allow easy tempering and quenching of high strength low alloy
steels so that high levels of impact toughness and strength can be
obtained.

Companies Mentioned

Key Topics Covered:

1 Executive Summary

2 Preface

3 Market Trend Analysis

4 Porters Five Force Analysis

5 Global Advanced High-strength Steel Market, By Type of Material

6 Global Advanced High-strength Steel Market, By Application

7 Global Advanced High-strength Steel Market, By Grade

8 Global Advanced High-strength Steel Market, By End User

9 Global Advanced High-strength Steel Market, By Geography

10 Key Developments

11 Company Profiling

For more information about this report visit https://www.researchandmarkets.com/research/hvbtl2/global_advanced?w=4

View source version on businesswire.com: https://www.businesswire.com/news/home/20180619005622/en/