Sales of advanced high strength steel have witnessed a significant surge, in line with growing preference of end-use industries for materials with favorable mechanical properties. The demand for advanced high strength steel is likely to surpass 13,800 KT in 2019, registering an upswing from 2018, as per the latest research study by Fact.MR.
Interest in enhancing fuel economy and vehicular safety continues to grow across both developed and developing economies, creating sustained opportunities for manufacturers of advanced high strength steel. The report opines that growing demand for advanced high strength steel has translated into a massive influx of innovative and new products, well aligned with end-user interest vis-à-vis high strength and optimal performance.
“End-user’s inclination toward advanced materials offering durability, while retaining formability critical to the manufacturing procedures, remains palpable in the market space. Manufacturers, in a bid to solidify their market sustenance, are developing distinguishable products offering optimal scalability and longevity, albeit repeated use”, says Fact.MR report.
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According to the Fact.MR report, end-user preference for dual phase advanced high strength steel (AHSS) continues to remain intact, with global sales likely to exceed 10,300 KT in 2019. Dual phase advanced high strength steel, otherwise known as ‘DP-AHSS’, offers immense scope for developing lighter and thinner components without compromising on strength, which is one among the chief factors boosting its adoption across multiple end-use verticals. Martensitic advanced high strength steel is also estimated to join the trail in terms of demand in 2019 and beyond, as end-users continue to demonstrate marked preferences for steel solutions offering robust mechanical strength.
The Fact.MR analysis finds that AHSS variants with moderate tensile strength will continue to remain preferred, on account of high use across a range of applications. This report opines that AHSS with ‘600-900 MPa’ tensile strength will remain the top-selling variant, with global sales estimated to exceed 7,000 KT in 2019.
Advanced High Strength Steel Witness High Adoption in Development of Structural Details & Reinforcements
According to the Fact.MR report, advanced high strength steel will witness extensive adoption in development of structural details. Advanced high strength steel are widely used for crafting structural details and reinforcements as they offer immense scope for weight optimization and freedom of design. This, in turn, makes it a lucrative application target for the manufacturers in terms of profitability. Moreover, use of advanced high strength steel in manufacturing car seats is also gaining substantial traction, as car seat components are subject to strict safety standards.
As per Fact.MR’s analysis, Europe remains a highly profitable region for the manufacturers of advanced high strength steel. Demand for advanced high strength steel remains high in Europe, notably in the EU 5 countries, where the automakers are striving to reduce weight of vehicles in a bid to meet futuristic regulations vis-à-vis tailpipe emissions. The Fact.MR report unveils that Europe will continue to be the largest market for advanced high strength steel in 2019, with North America following suit.
Offering products with excellent strength and high computability with end-use applications remains a key focal point for manufacturers of advanced high strength steel. Realizing the competition level in the global market space, manufacturers are vying to be well-positioned to capitalize on the evolving market trends. Manufacturers of advanced high strength steel are analyzing the short- and long-term consequences of incorporating new designs in a bid to constantly push their performance boundaries via launch of new products.
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Fact.MR’s report delivers actionable insights into the advanced high strength steel market over the forecast period of 2018-2027. The report finds that advanced high strength steel market is likely to expand at a volume CAGR of over 10% through 2027.
Table of Contents Covered in the report are:
1. Executive Summary
1.1. Market Overview
1.2. Market Analysis
1.3. FACT.MR Analysis and Recommendations
1.4. Opportunity Assessment in Advanced High Strength Steel Market
2. Market Introduction
2.1. Market Introduction
2.2. Market Definition
2.3. Market Taxonomy
2.4. Megatrends in Advanced High Strength Steel Market
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3. Global Automotive and Steel Markets Overview
3.1. Global Economic Outlook
3.1.1. Global Country-wise Economic Outlook
3.2. Global Population Outlook
3.2.1. Global Country-wise Population Outlook
3.3. Global Steel Market Overview
3.4. Advanced High Strength Steel manufacturing process and overview
3.5. Global Automotive Industry outlook
3.6. Key statistics pertaining to global automotive production and sales
3.7. Key Trends – Automotive manufacturing
3.8. Analysis on automotive materials- plastics vs. AHSS
3.9. Percent share of Automotive Materials of Construction, 2005 vs. 2017
3.10. Potential hotspots for AHSS, an Overview
3.10.1. Rail transport
3.11. Regulatory Landscape and industry Standards
3.11.1. Regulatory Landscape – By key countries
3.12. Global Advanced High Strength Steel Market Outlook
3.12.1. Key regulatory standards and guidelines
4. Market Dynamics & Trends
4.1. Growth Drivers and Impact Analysis
4.2. Industry Challenges and Impact Analysis
4.3. Value Chain
4.4. PESTLE Analysis
4.5. Market Forecast Scenario, 2018 – 2027
5. Global Advanced High Strength Steel Market – Price Point Analysis
5.1. Price Point Assessment
5.2. Price Forecast till 2027
5.3. Factors Influencing Pricing
6. Global Advanced High Strength Steel Market Analysis and Forecast
6.1. Global Advanced High Strength Steel Market Outlook
6.1.1. Market Volume (KT), Value (US$ Mn) Forecast and Analysis
6.1.2. Regional Demand Assessment
220.127.116.11.Market Value (US $ Million) Share by Region
6.2. Global Advanced High Strength Steel Market Analysis by Type
6.2.1. Dual phase (DP)
6.2.2. Martensitic (MS)
6.2.3. Transformation-induced plasticity (TRIP)
6.2.4. Twinning-induced plasticity(TWIP)
6.2.5. Others (Value & Volume Forecast and Y-o-Y Growth Comparison will be provided for all above mentioned segments)
6.2.6. Market Attractiveness Analysis by Type
6.2.7. Key Trends
6.3. Global Advanced High Strength Steel Market Analysis by Tensile Strength
6.3.1. Upto 600 MPa
6.3.2. 600-900 MPa
6.3.3. 900-1200 MPa
6.3.4. 1200-1500 MPa
6.3.5. Above 1500 MPa (Value & Volume Forecast and Y-o-Y Growth Comparison will be provided for all above mentioned segments)
6.3.6. Market Attractiveness Analysis by Tensile Strength
6.3.7. Key Trends
6.4. Global Advanced High Strength Steel Market Analysis by Application
6.4.1. Crash boxes
6.4.2. Front end structures
6.4.3. Automotive -Pillars
6.4.4. Automotive Rails
6.4.5. Sill reinforcements
6.4.7. Others (Value & Volume Forecast and Y-o-Y Growth Comparison will be provided for all above mentioned segments)
6.4.8. Market Attractiveness Analysis By Application
6.4.9. Key Trends
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