Quick Summary:
In an era where sustainable practices and improved efficiencies are driving the industries, the global ultra-high strength steel market is witnessing significant growth. The lucrative potential of this sector, estimated to surge from US$18.8 Billion in 2022 to US$27.3 Billion by 2030, highlights the promising prospects that your business could capitalize on.
The report in consideration will facilitate evidence-based strategic decision making with cutting-edge insights into a market that encompasses key geographic regions including the United States, China, Europe, Japan, and Canada. Your enterprise stands to gain not only quantitative data but also a qualitative understanding of the market dynamics and the competitive landscape. Secure this market research report to unexpectedly uncover growth triggers, market shares of key competitors and drive your business towards a more profitable future. The report is further supplemented with special bespoke updates, digital archive access, and a one-year complimentary update service, truly a one-stop solution to stay ahead in the competitive ultra-high strength steel market.
Global Ultra-High Strength Steel Market to Reach $27.3 Billion by 2030
The global market for Ultra-High Strength Steel estimated at US$18.8 Billion in the year 2022, is projected to reach a revised size of US$27.3 Billion by 2030, growing at a CAGR of 4.8% over the analysis period 2022-2030. Martensitic, one of the segments analyzed in the report, is projected to record 5.5% CAGR and reach US$8.5 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Dual Phase segment is readjusted to a revised 5.7% CAGR for the next 8-year period.
The U.S. Market is Estimated at $5.1 Billion, While China is Forecast to Grow at 8.1% CAGR
The Ultra-High Strength Steel market in the U.S. is estimated at US$5.1 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$5.9 Billion by the year 2030 trailing a CAGR of 8.1% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.5% and 5.3% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 2.5% CAGR.Select Competitors (Total 42 Featured) -
- AK Steel Holding Corp.
- Angang Steel Company Limited
- ArcelorMittal
- China Baowu Steel Group Corporation Limited
- China Steel Corporation
- Essar Steel India Ltd.
- Gerdau SA
- Hebei Puyang Iron and Steel Group
- Hyundai Steel Co., Ltd.
- JFE Steel Corporation
- JSW Steel Ltd.
- Kobe Steel Ltd.
- Nippon Steel & Sumitomo Metal Corporation
- Novolipetsk Steel
- Nucor Corporation
- Posco Co., Ltd.
- Schuler AG
- Shougang Corporation
- Steel Authority of India Ltd. (SAIL)
- Tata Steel Ltd.
- United States Steel Corporation
- Usiminas
- Voestalpine AG
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
What is the estimated value of the Global Market for Ultra-High Strength Steel?
What is the growth rate of the Global Market for Ultra-High Strength Steel?
What is the forecasted size of the Global Market for Ultra-High Strength Steel?
Who are the key companies in the Global Market for Ultra-High Strength Steel?
| Report Attribute | Details |
|---|---|
| No. of Pages | 194 |
| Published | December 2023 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value ( USD | $ 18.8 Billion |
| Forecasted Market Value ( USD | $ 27.3 Billion |
| Compound Annual Growth Rate | 4.8% |
| Regions Covered | Global |
Table of Contents
Companies Mentioned
A selection of companies mentioned in this report includes:
- AK Steel Holding Corp.
- Angang Steel Company Limited
- ArcelorMittal
- China Baowu Steel Group Corporation Limited
- China Steel Corporation
- Essar Steel India Ltd.
- Gerdau SA
- Hebei Puyang Iron and Steel Group
- Hyundai Steel Co., Ltd.
- JFE Steel Corporation
- JSW Steel Ltd.
- Kobe Steel Ltd.
- Nippon Steel & Sumitomo Metal Corporation
- Novolipetsk Steel
- Nucor Corporation
- Posco Co., Ltd.
- Schuler AG
- Shougang Corporation
- Steel Authority of India Ltd. (SAIL)
- Tata Steel Ltd.
- United States Steel Corporation
- Usiminas
- Voestalpine AG
