Latest Study on Industrial Growth of Europe High Strength Steel Market 2026 By-Data Bridge Market Research
A detailed study accumulated to offer Latest insights about acute features of High Strength Steel. The report contains different market predictions related to market size, revenue, production, CAGR, Consumption, gross margin, price, and other substantial factors. It also examines the role of the leading market players involved in the industry including their corporate overview, financial summary and SWOT analysis.
Europe High Strength Steel Market, By Grade (High Strength Low alloy, Dual Phase, Transformation Inducted Plasticity, Bake hardenable, Rephosphorised steel and Interstitial Free) , Product Type (Cold Rolled, Hot Rolled, Metallic Coated and Direct Rolled), End User (Automotive, Construction, Heavy Machinery, Ship Building, Aerospace, Energy & Power, Packaging, Consumer Goods) ), Geography (Germany, Italy, UK, France, Spain, Russia, Sweden, Poland, Belgium, Netherland, Austria and Rest of Europe)– Industry Trends and Forecast to 2026.
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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. High strength steel also reduce production cost, provide environmental & financial advantages in various application of automotive and construction sectors such as structural designing of auto parts, lifting equipment, materials handling, trailers and others.
Europe high strength steel market is at the CAGR of 8.0% in the forecast period 2019 to 2026.
Segmentation: Europe High Strength Steel Market
Europe high strength steel market is segmented into four notable segments such as grade type, product type, end user and geography
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.
On the basis of product type, the market is segmented into cold rolled, hot rolled, metallic coated and direct rolled. Cold rolled high strength steel segment is the largest and 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.
On the basis of end users, the market is segmented into automotive, construction, heavy machinery, ship building, aerospace, energy & power, packaging, consumer goods and others. Construction end use segment is growing at the highest CAGR of in the forecast period of 2019 to 2026.
In May 2018, JSW Steel acquired Aferpi (Italy). This acquisition helped JSW Steel to expand its specialized steel market in the automobile sector.
Table of Content:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview and Industry Trends
6 Product Stewardship Market, By Type
7 Product Stewardship Market, By Organization Size
8 Product Stewardship Market Analysis, By Region
9 Competitive Landscape
10 Company Profiles
New Business Strategies, Challenges & Policies are mentioned in Table of Content, Request Detailed TOC of Europe High Strength Steel Market @ https://www.databridgemarketresearch.com/toc?dbmr=europe-high-strength-steel-market
Data Bridge Market Research also provides customized specific regional and country-level reports for the following areas.
- North America: United States, Canada, and Mexico.
- South & Central America: Argentina, Chile, and Brazil.
- Middle East & Africa: Saudi Arabia, UAE, Turkey, Egypt and South Africa.
- Europe: UK, France, Italy, Germany, Spain, and Russia.
- Asia-Pacific: India, China, Japan, South Korea, Indonesia, Singapore, and Australia.
Competitive Analysis: Europe 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, Voestalpine AG, SSAB AG, Angang Steel Company Limited, Shanghai Baosteel Chemical Co., Ltd. (A Subsidiary Of Baosteel Co., Ltd), Shougang.Com, Thyssenkrupp AG, Shandong Iron And Steel Group Co., Ltd., BENXI STEEL GROUP, JFE Steel Corporation, United States Steel, SAIL, JSW Steel Limited and other.
- In January, 2018, Benxi steel group launched 2000MPa super strength steel in the market. Launching a new product helped the company to enhance their product portfolio in automotive industries.
- In August 2018, AK Steel Corporation announced the launch of NEXMET, an innovative range of high strength steel, which is applicable for lightweight components in the automotive industry. These products are designed for the manufacturing of automotive original equipment.
Research Methodology: Europe High Strength Steel Market
Primary Respondents: key industry participants, subject-matter experts (SMEs), C-level executives of key market players, and industry consultants.
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