Advanced High Strength Steel Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2019 to 2029

Published on : Jan-2020 | List of Tables : 70 | List of Figures : 118 | No. of Pages : 170 | Report Code : FACT2995MR | Format :

Shift towards Light Weight Vehicles to Fuel Demand of AHSS

Advanced high strength steel (AHSS) is increasingly being utilized for automotive designs such as crash boxes, front-end structures, vehicle pillars, vehicle rails, sill reinforcement doors, etc. Government organizations across the globe have imposed safety & fuel regulations, which has forced OEMs to design vehicle parts and associated components at a reduced weight so as to significantly decrease CO2 emissions. The situation has shifted focus of automakers towards effective solutions and materials, such as advanced high strength steel in automotive parts. The ever rising demand of AHSS from automotive industries, has created immense opportunities for AHSS manufacturers. Furthermore, with technological advancements, number of companies are coming up with advanced functions of AHSS targeted towards niche applications in automobiles as well as other machineries. On the backdrop of the aforementioned factors global advanced high strength steel market is forecast to grow at an impressive CAGR of ~10% by the end of 2029.

Automakers Resort to Third-Generation AHSS for Value-Added Product Offerings

Advanced high strength steel across generations is being developed to enhance characteristics of strength-to-elongation ratio. 1st & 2nd generation AHSS manufacturers have been successful in increasing strength and elongation characteristics of  steel, however, the challenges pertaining to joining of other grades of steel and high cost remain unaddressed. With continuous advancements, manufacturers have come up with 3rd generation advanced high strength steel. This AHSS grade is cost effective, and has high tensile strength properties. As 3rd generation AHSS is offering superior strength-to-weight ratios and cost-effectiveness, it is in a bid to replace more expensive solutions like hot stamped boron steels. Only a handful of manufacturers have launched new and exclusive products under 3rd generation AHSS category. Other players are on the verge of developing exclusive versions in the mid-term forecast.

Europe to Hold Leading Share, with Spurring Sales in Automotive Industry

From the regional perspective, Europe is estimated to dominate global advanced high strength steel market through the forecast period. AHSS demand in the region has risen from prominent automakers striving to achieve improved safety and fuel economy requirements in the vehicle. Furthermore, owing to presence of prominent companies like ThyssenKrupp AG, this region is anticipated to incline towards high value – high growth segments during forecast period. Furthermore, East Asia will remain a highly attractive market throughout the forecast period owing to the growing automotive production coupled with green field investments across the region.  

advanced high strength steel market regional analysis

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Collaboration: Key Growth Influencer within AHSS Market

Global advanced high strength steel market is moderately consolidated in nature, with leading players in the market having a substantial monopoly. Prominent companies operating in the global advanced high strength steel (AHSS) market, include ThyssenKrupp AG, Nucor Corp, ArcelorMittal SA., AK Steel Holding Corp, Baoshan Iron & Steel Co., Ltd and SSAB AB. Buoyancy of the leading players can be attributed to their global presence and R&D activities. Furthermore, key stakeholders have entered into strategic collaborations with leading auto makers to achieve repetitive sales and long-term customer retention. Furthermore, manufacturers have also targeted capacity expansion organically or through acquisitions in order to meet scattering global demand.  

  • In May 2019, US Steel Corporation planned to invest US$ 1 Bn to construct new casting and rolling facilities in its Pennsylvania operations. This project will produce sustainable AHSS which will improve environmental performance.
  • In 2018, ArcelorMittal signed a definitive agreement to acquire Votorantim S.A. from Brazil. Post this acquisition, the company’s annual steel production capacity increased by 5.6 million tons and cold rolling steel product’s capacity raised by 5.4 million tons.
  • In 2019, Nucor Corp announced the expansion of its advanced high strength steel manufacturing facilities. Company has planned to invest around US$ 470 Mn for its cold mill and galvanizing line expansion.
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Advanced High Strength Steel (AHSS) Market- Scope of the Report

The recent study by Fact.MR on advanced high strength steel (AHSS) market offers a 10-year forecast between 2019 and 2029. The study analyzes crucial trends that are currently determining the growth of advanced high strength steel (AHSS) market. This report explicates on vital dynamics such as the drivers, restraints and opportunities for key market players along with key stakeholders as well as emerging players associated with the manufacturing of advanced high strength steel (AHSS). The study also provides dynamics that are responsible for influencing the future status of the advanced high strength steel (AHSS) market over the forecast period.

A detailed assessment of advanced high strength steel (AHSS) value chain analysis, business execution, and supply chain analysis across the regional markets has been covered in the report. A list of prominent companies operating in the advanced high strength steel (AHSS) market along with their production capacity analysis enhances the reliability of this comprehensive research study.

Advanced High Strength Steel (AHSS) Market: Report Summary

The study offers a comprehensive analysis on diverse features including production capacities, demand, product developments, revenue generation and sales in advanced high strength steel (AHSS) market across the globe.

A comprehensive estimate on advanced high strength steel (AHSS) market has been provided through an optimistic scenario as well as a conservative scenario, taking into account the sales of advanced high strength steel (AHSS) during the forecast period. Price point comparison by region with global average price is also considered in the study.  

Advanced High Strength Steel (AHSS) Market Segmentation

Fact.MR has studied the advanced high strength steel (AHSS) market with detailed segmentation on the basis of type, car type, tensile strength, application and key regions.

Type

Car Type

Tensile Strength

Application

Region

Dual phase (DP)

Passenger

Upto 600 MPa

Structural details

North America

Martensitic (MS)

Commercial

600-900 MPa

Car Seats

Latin America

Transformation-induced plasticity (TRIP)

 

900-1200 MPa

Bumpers

Europe

Twinning-induced plasticity(TWIP)

 

1200-1500 MPa

Chasis, wheels & power train

East Asia

Others

 

Above 1500 MPa

Side impact beams

South Asia & Oceania

 

 

 

Others

Middle East & Africa

“This taxonomy and the detailed table of contents prepared are confidential and intended exclusively for the individual or entity with whom it is being shared. Reading, disseminating, distributing, or copying this to any party other than addressee(s) is unauthorized and prohibited.”

Advanced High Strength Steel (AHSS) Market: Analysis on Market Size Evaluation

Advanced high strength steel (AHSS) market has been analyzed for each market segment, in terms of volume (Kilo tons) and value (US $ Mn).

Market estimates at global and regional levels for advanced high strength steel (AHSS) is available in terms of “US$ Mn” for value and in “Kilo tons” for volume. A Y-o-Y growth contrast on prominent advanced high strength steel (AHSS) market segments, along with the market attractiveness evaluation has been incorporated in the report. Furthermore, the absolute dollar opportunity analysis of all the segments adds prominence to the report. Absolute dollar opportunity plays a crucial role in assessing the level of opportunity that a manufacturer/distributor can look to achieve along with identifying potential resources, considering sales and distribution perspective in the global advanced high strength steel (AHSS) market.

Advanced High Strength Steel (AHSS) Market: Inspected Assessment on Regional Segments

Key sections have been elaborated in the advanced high strength steel (AHSS) report, which have helped to deliver projection on the regional markets. These chapters include the regional macros (political economic, and business environment outlook), which are expected to have a momentous influence on the growth of advanced high strength steel (AHSS) market during the forecast period.

Country-specific valuation on demand for advanced high strength steel (AHSS) has been offered for each regional market, along with the market scope estimate and forecast, price index, and impact analysis of dynamics of prominence in regions and countries. For all regional markets, Y-o-Y growth estimates have also been incorporated in the report.

Detailed breakup in terms of value & volume for emerging countries has also been included in the report.

Advanced High Strength Steel (AHSS) Market: In-depth Analysis on Competitive Landscape

The report sheds light on the leading manufacturers of the advanced high strength steel (AHSS) along with their detailed profiles. Essential and up-to-date data information related to the market performers, who are principally engaged in the production of the advanced high strength steel (AHSS), has been brought with the help of a detailed dashboard view. Market share analysis and comparison of prominent players provided in the report permits the report readers to take preemptive steps in advancing their businesses.

Company profiles have been included in the report, which includes essentials such as product portfolio, key strategies along with an all-inclusive SWOT analysis on each player. The company presence is mapped and presented through the matrix for all the prominent players thus providing the readers with actionable insights, which helps in thoughtfully presenting market status, and predicting the competition level in advanced high strength steel (AHSS) market. Prominent companies operating in the global advanced high strength steel (AHSS) market, include ThyssenKrupp AG, Nucor Corp, ArcelorMittal SA., AK Steel Holding Corp, Baoshan Iron & Steel Co., Ltd and  SSAB AB.

1. Executive Summary

    1.1. Summary of Key Findings

    1.2. Summary of Statistics

    1.3. Industry Attributes

    1.4. Fact.MR Analysis and Recommendations

2. Market Overview

    2.1. Market Introduction

    2.2. Market Definition

    2.3. Market Taxonomy

3. Market Background

    3.1. Advanced High Strength Steel (AHSS) Production

        3.1.1. Manufacturing process

    3.2. Global Automotive Industry Outlook

        3.2.1. Demand Supply Analysis

        3.2.2. Regional Snapshot

        3.2.3. Key Producers and Recent Industry Developments

    3.3. Key statistics pertaining to global automotive production and sales

    3.4. Key Trends – Automotive manufacturing

    3.5. Analysis on automotive materials- plastics  vs. AHSS

    3.6. Percent share of Automotive Materials of Construction, 2005 vs. 2017

    3.7. Potential hotspots for AHSS, an Overview

        3.7.1.  Rail transport

        3.7.2.  Energy

        3.7.3.  Infrastructure

        3.7.4.  Shipbuilding

        3.7.5.  Aerospace

    3.8.     Regulatory Landscape and industry Standards 

    3.9. Global Electric Vehicle Outlook

        3.9.1. Global Electric Vehicle Production

        3.9.2. Global Electric Vehicle Sales Analysis and Forecast by Region

        3.9.3. Electric Vehicle and Battery Manufacturing Plants Investment

    3.10. Raw Material Sourcing Strategy and Analysis

    3.11. Forecast Factors - Relevance & Impact

        3.11.1. Global Crude Steel Production Growth

        3.11.2. Global  Automotive Industry Growth

        3.11.3. Global Construction Industry Growth

        3.11.4. Global GDP Growth 

    3.12. Value Chain Analysis

        3.12.1. List of raw material Manufacturers / suppliers

        3.12.2. List of Key Manufacturers

        3.12.3. List of distributors

        3.12.4. List of end-users

        3.12.5. Value added at each node

    3.13. Market Dynamics

        3.13.1. Drivers

        3.13.2. Restraints

        3.13.3. Opportunity 

        3.13.4. Trends

4. Global Advanced High Strength Steel (AHSS) Market Demand Analysis 2014-2018 and Forecast, 2019-2029

    4.1. Historical Market Volume (Kilo Tons) Analysis, 2014-2018

    4.2. Current and Future Market Volume (Kilo Tons) Projections, 2019-2029

    4.3. Y-o-Y Growth Trend Analysis

5. Global Advanced High Strength Steel (AHSS) Market - Pricing Analysis

    5.1. Regional Pricing Analysis

    5.2. Pricing Break-up

    5.3. Global Average Pricing Analysis Benchmark

6. Global Advanced High Strength Steel (AHSS) Market Demand (US$ Mn) Analysis 2014-2018 and Forecast, 2019-2029

    6.1. Historical Market Value (US$ Mn) Analysis, 2014-2018

    6.2. Current and Future Market Value (US$ Mn) Projections, 2019-2029

        6.2.1. Y-o-Y Growth Trend Analysis

        6.2.2. Absolute $ Opportunity Analysis

7. Global Advanced High Strength Steel (AHSS) Market Analysis 2014-2018 and Forecast 2019-2029, By Type

    7.1. Introduction / Key Findings

    7.2. Historical Market Size (US$ Mn) and Volume Analysis By Type, 2014-2018

    7.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By Type, 2019 - 2029

        7.3.1.  Dual phase (DP)

        7.3.2.  Martensitic (MS)

        7.3.3.  Transformation-induced plasticity (TRIP) 

        7.3.4.  Twinning-induced plasticity(TWIP)

        7.3.5.  Others

    7.4. Market Attractiveness Analysis By Type

8. Global Advanced High Strength Steel (AHSS) Market Analysis 2014-2018 and Forecast 2019-2029, By Car Type

    8.1. Introduction / Key Findings

    8.2. Historical Market Size (US$ Mn) and Volume Analysis By Car Type, 2014-2018

    8.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By Car Type, 2019 - 2029

        8.3.1.  Passenger

        8.3.2.  Commercial

    8.4. Market Attractiveness Analysis By Car Type

9. Global Advanced High Strength Steel (AHSS) Market Analysis 2014-2018 and Forecast 2019-2029, By Tensile Strength

    9.1. Introduction / Key Findings

    9.2. Historical Market Size (US$ Mn) and Volume Analysis By Tensile Strength, 2014-2018

    9.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By Tensile Strength, 2019 - 2029

        9.3.1. Up to 600 MPa

        9.3.2. 600-900 MPa

        9.3.3. 900-1200 MPa

        9.3.4. 1200-1500 MPa

        9.3.5. Above 1500 MPa

    9.4. Market Attractiveness Analysis By Tensile Strength

10. Global Advanced High Strength Steel (AHSS) Market Analysis 2014-2018 and Forecast 2019-2029, By Application

    10.1. Introduction / Key Findings

    10.2. Historical Market Size (US$ Mn) and Volume Analysis By Application, 2014-2018

    10.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By Application, 2019 - 2029

        10.3.1. Structural details

        10.3.2. Car Seats

        10.3.3. Bumpers

        10.3.4. Chassis, wheels & power train

        10.3.5. Side impact beams

        10.3.6. Others

11. Market Attractiveness Analysis By Application

12. Global Advanced High Strength Steel (AHSS) Market Analysis 2014-2018 and Forecast 2019-2029, by Region

    12.1. Introduction

    12.2. Historical Market Size (US$ Mn) and Volume Analysis, By Region, 2014-2018

    12.3. Current Market Size (US$ Mn) and Volume Analysis and Forecast, By Region, 2019 - 2029

        12.3.1. North America

        12.3.2. Latin America

        12.3.3. Europe

        12.3.4. East Asia

        12.3.5. South Asia & Oceania

        12.3.6. Middle East & Africa

    12.4. Market Attractiveness Analysis, By Region

13. North America Advanced High Strength Steel (AHSS) Market Analysis 2014-2018 and Forecast 2019-2029

    13.1. Introduction

    13.2. Historical Market Size (US$ Mn) and Volume Trend Analysis, By Market Taxonomy, 2014-2018

    13.3. Market Size (US$ Mn) and Volume Forecast, By Market Taxonomy, 2019 - 2029

        13.3.1. By Country

            13.3.1.1. U.S.

            13.3.1.2. Canada

        13.3.2. By Type

        13.3.3. By Car Type

        13.3.4. By Tensile Strength

        13.3.5. By Application

    13.4. Market Attractiveness Analysis

        13.4.1. By Country

        13.4.2. By Type

        13.4.3. By Car Type

        13.4.4. By Tensile Strength

        13.4.5. By Application

    13.5. Market Trends

    13.6. Key Market Participants - Intensity Mapping

    13.7. Drivers and Restraints - Impact Analysis

14. Latin America Advanced High Strength Steel (AHSS) Market Analysis 2014-2018 and Forecast 2019-2029

    14.1. Introduction

    14.2. Historical Market Size (US$ Mn) and Volume Trend Analysis, By Market Taxonomy, 2014-2018

    14.3. Market Size (US$ Mn) and Volume Forecast, By Market Taxonomy, 2019 - 2029

        14.3.1. By Country

            14.3.1.1. Brazil

            14.3.1.2. Mexico

            14.3.1.3. Rest of Latin America

        14.3.2. By Type

        14.3.3. By Car Type

        14.3.4. By Tensile Strength

        14.3.5. By Application

    14.4. Market Attractiveness Analysis

        14.4.1. By Country

        14.4.2. By Type

        14.4.3. By Car Type

        14.4.4. By Tensile Strength

        14.4.5. By Application

    14.5. Market Trends

    14.6. Key Market Participants - Intensity Mapping

    14.7. Drivers and Restraints - Impact Analysis

15. Europe Advanced High Strength Steel (AHSS) Market Analysis 2014-2018 and Forecast 2019-2029

    15.1. Introduction

    15.2. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2014-2018

    15.3. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2019 - 2029

        15.3.1. By Country

            15.3.1.1. EU-4

            15.3.1.2. UK

            15.3.1.3. BENELUX

            15.3.1.4. NORDIC

            15.3.1.5. Spain

            15.3.1.6. Eastern Europe

            15.3.1.7. Rest of Europe

        15.3.2. By Type

        15.3.3. By Car Type

        15.3.4. By Tensile Strength

        15.3.5. By Application

    15.4. Market Attractiveness Analysis

        15.4.1. By Country

        15.4.2. By Type

        15.4.3. By Car Type

        15.4.4. By Tensile Strength

        15.4.5. By Application

    15.5. Market Trends

    15.6. Key Market Participants - Intensity Mapping

    15.7. Drivers and Restraints - Impact Analysis

16. East Asia Advanced High Strength Steel (AHSS) Market Analysis 2014-2018 and Forecast 2019-2029

    16.1. Introduction

    16.2. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2014-2018

    16.3. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2019 - 2029

        16.3.1. By Country

            16.3.1.1. China

            16.3.1.2. Japan

            16.3.1.3. South Korea

        16.3.2. By Type

        16.3.3. By Car Type

        16.3.4. By Tensile Strength

        16.3.5. By Application

    16.4. Market Attractiveness Analysis

        16.4.1. By Country

        16.4.2. By Type

        16.4.3. By Car Type

        16.4.4. By Tensile Strength

        16.4.5. By Application

    16.5. Market Trends

    16.6. Key Market Participants - Intensity Mapping

    16.7. Drivers and Restraints - Impact Analysis

17. South Asia & Oceania Advanced High Strength Steel (AHSS) Market Analysis 2014-2018 and Forecast 2019-2029

    17.1. Introduction

    17.2. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2014-2018

    17.3. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2019 - 2029

        17.3.1. By Country

            17.3.1.1. India

            17.3.1.2. ASEAN

            17.3.1.3. Oceania

            17.3.1.4. Rest of APEJ

        17.3.2. By Type

        17.3.3. By Car Type

        17.3.4. By Tensile Strength

        17.3.5. By Application

    17.4. Market Attractiveness Analysis

        17.4.1. By Country

        17.4.2. By Type

        17.4.3. By Car Type

        17.4.4. By Tensile Strength

        17.4.5. By Application

    17.5. Market Trends

    17.6. Key Market Participants - Intensity Mapping

    17.7. Drivers and Restraints - Impact Analysis

18. Middle East & Africa Advanced High Strength Steel (AHSS) Market Analysis 2014-2018 and Forecast 2019-2029

    18.1. Introduction

    18.2. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2014-2018

    18.3. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2019 - 2029

        18.3.1. By Country

            18.3.1.1. GCC Countries

            18.3.1.2. Turkey

            18.3.1.3. South Africa

            18.3.1.4. Rest of Middle East & Africa

        18.3.2. By Type

        18.3.3. By Car Type

        18.3.4. By Tensile Strength

        18.3.5. By Application

    18.4. Market Attractiveness Analysis

        18.4.1. By Country

        18.4.2. By Type

        18.4.3. By Car Type

        18.4.4. By Tensile Strength

        18.4.5. By Application

    18.5. Market Trends

    18.6. Key Market Participants - Intensity Mapping

    18.7. Drivers and Restraints - Impact Analysis

19. Market Structure Analysis

    19.1. Market Analysis by Tier of Companies

    19.2. Market Concentration

    19.3. Market Share Analysis of Top Player

    19.4. List of Brand names and Distributors

20.  Competition Analysis

    20.1. Competition Dashboard

    20.2. Competition Benchmarking

    20.3. Competition Deep Dive

    20.4. Competition Analysis

        20.4.1. AK Steel Holding Corp

            20.4.1.1. Overview

            20.4.1.2. Product Portfolio

            20.4.1.3. Plant clusters

            20.4.1.4. Geographical Sales footprint

            20.4.1.5. SWOT Analysis

        20.4.2. ArcelorMittal SA.

            20.4.2.1. Overview

            20.4.2.2. Product Portfolio

            20.4.2.3. Plant clusters

            20.4.2.4. Geographical Sales footprint

            20.4.2.5. SWOT Analysis

        20.4.3. Baoshan Iron & Steel Co., Ltd

            20.4.3.1. Overview

            20.4.3.2. Product Portfolio

            20.4.3.3. Plant clusters

            20.4.3.4. Geographical Sales footprint

            20.4.3.5. SWOT Analysis

        20.4.4. Big River Steel

            20.4.4.1. Overview

            20.4.4.2. Product Portfolio

            20.4.4.3. Plant clusters

            20.4.4.4. Geographical Sales footprint

            20.4.4.5. SWOT Analysis

        20.4.5. Nucor Corp

            20.4.5.1. Overview

            20.4.5.2. Product Portfolio

            20.4.5.3. Plant clusters

            20.4.5.4. Geographical Sales footprint

            20.4.5.5. SWOT Analysis

        20.4.6. POSCO

            20.4.6.1. Overview

            20.4.6.2. Product Portfolio

            20.4.6.3. Plant clusters

            20.4.6.4. Geographical Sales footprint

            20.4.6.5. SWOT Analysis

        20.4.7. SSAB AB

            20.4.7.1. Overview

            20.4.7.2. Product Portfolio

            20.4.7.3. Plant clusters

            20.4.7.4. Geographical Sales footprint

            20.4.7.5. SWOT Analysis

        20.4.8. Steel Technologies LLC

            20.4.8.1. Overview

            20.4.8.2. Product Portfolio

            20.4.8.3. Plant clusters

            20.4.8.4. Geographical Sales footprint

            20.4.8.5. SWOT Analysis

        20.4.9. Tata Steel Ltd

            20.4.9.1. Overview

            20.4.9.2. Product Portfolio

            20.4.9.3. Plant clusters

            20.4.9.4. Geographical Sales footprint

            20.4.9.5. SWOT Analysis

        20.4.10.  ThyssenKrupp AG

            20.4.10.1. Overview

            20.4.10.2. Product Portfolio

            20.4.10.3. Plant clusters

            20.4.10.4. Geographical Sales footprint

            20.4.10.5. SWOT Analysis

        20.4.11. United States Steel Corporation

            20.4.11.1. Overview

            20.4.11.2. Product Portfolio

            20.4.11.3. Plant clusters

            20.4.11.4. Geographical Sales footprint

            20.4.11.5. SWOT Analysis

21. Assumptions and Acronyms Used

22. Research Methodology

“This taxonomy and the detailed table of contents prepared are confidential and intended exclusively for the individual or entity with whom it is being shared. Reading, disseminating, distributing, or copying this to any party other than addressee(s) is unauthorized and prohibited.”

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Advanced High Strength Steel Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2019 to 2029