The global advanced high strength steel (AHSS) market is set to reach a valuation of US$ 20.3 billion in 2022 and expand rapidly at a CAGR of 7.9% to end up at US$ 44.2 billion by 2032.
Sales of advanced high strength steel (AHSS) accounted for nearly 2% share of the global steel market at the end of 2021. AHSS is used in oil rigs, bridges, civil engineering, and construction machines owing to its light weight, strength, durability, recyclability versatility, and high corrosion resistance.
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According to each client’s individual business requirements, the Advanced High Strength Steel (AHSS) market study is the most pertinent, distinctive, honest, and reputable global market research report. The research includes in-depth market definition, drivers and constraints, market share, market segmentation, and analysis of the major players in the industry. The highest degree of spirit, practical solutions, committed study and analysis, modernity, integrated approaches, and the most recent technology were important design considerations for this market research report.
In the Advanced High Strength Steel (AHSS) market report, research and analysis are done in one phase or a mix of steps depending on the client’s needs and business needs. Major producers, suppliers, distributors, traders, clients, investors, types, and applications are all included. This market research study was created using thorough data and market research insights that will help firms experience rapid growth and thriving sustainability in the marketplace. Companies must use the Advanced High Strength Steel (AHSS) market document service, which has become fairly important in this quickly changing marketplace, for effective business growth.
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Competitive Landscape
Market players are focusing on product innovation, with ‘3rd Generation’ being the buzzword. Forward integration with leading automotive players remains a key differentiating strategy.
An inorganic strategy such as acquiring an AHSS firm that is preferable over the expansion of the firm is majorly followed by market players. Collaborations among key market players and automotive players remain a major point.
- In July 2022, ArcelorMittal acquired 80% of voestalpine’s HBI plant in Texas to increase its capacity and produce high-quality input resources that are required for low-carbon emissions steel making.
- In January 2022 SSAB announced its plan to invest US$ 4.1 billion in a new Nordic production system to broaden the offering of its premium products, AHSS, and Q&T.
Key Companies Profiled
- AK Steel Holding Corp
- ArcelorMittal SA.
- Baker Hughes Company
- Baoshan Iron & Steel Co., Ltd
- Big River Steel
- Nucor Corp
- POSCO
- SSAB AB
- Steel Technologies LLC
- Tata Steel Ltd
- ThyssenKrupp AG
- United States Steel Corporation
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Segmentation of AHSS Industry Research
- By Type :
- Dual Phase (DP)
- Martensitic (MS)
- Transformation-induced Plasticity (TRIP)
- Twinning-induced Plasticity (TWIP)
- Others
- By Vehicle Type :
- Passenger
- Commercial
- By Tensile Strength :
- Up to 600 MPa
- 600-900 MPa
- 900-1200 MPa
- 1200-1500 MPa
- Above 1500 MPa
- By Application :
- Structural Details
- Car Seats
- Bumpers
- Chassis, Wheels & Power Train
- Side Impact Beams
- Others
- By Region :
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- MEA
Questionnaire answered in the Advanced High Strength Steel (AHSS) Market report include:
- How the market for Advanced High Strength Steel (AHSS) has grown?
- What is the present and future outlook of the global Advanced High Strength Steel (AHSS) on the basis of region?
- What are the challenges and opportunities for the Advanced High Strength Steel (AHSS)?
- Why the consumption of Advanced High Strength Steel (AHSS) highest in region?
- In which year segment is expected to overtake segment?
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