Increase in the Investment of Research and Development and Advancement in the Aerospace Industry are Driving the Global Third Generation Advanced High-Strength Steel Market in the forecast period of 2019 to 2026

Drivers:  Global Third Generation Advanced High-Strength Steel Market

  • Advancement in the aerospace industry
  • Increase in the investment of Research and Development

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Restraints:

  • Trade war between U.S. and China    
  • Fluctuating Tariffs

Opportunity:

  • Production of Fins, Rudder and Fuselage Parts With 3g AHSS

Challenge:

  • High Cost of Rare Earth Metals

Market Trends:

Global Third Generation Advanced High-Strength Steel Market is segmented into five notable segments which are tensile strength, hot rolled product type, process, technology and applications.

  • On the basis of tensile strength, the market is segmented into 700 MPA–900 MPA (class 1), 900 MPA–1200 MPA (class 2), 1200 MPA–1600 MPA (class 3) and above 1600 MPA (class 3). The 900 MPA–1200 MPA (class 2) segment is dominating the market.
  • On the basis of hot rolled product type, the market is segmented into strip and quarto plate.
  • On the basis of process, the market is segmented into enhanced dual-phase (DP), modified trip, ultrafine bainite, quenching and partitioning (Q&P), lower MN TRIP/TWIP and higher MN trip
  • On the basis of technology, the market is segmented into thick monolithic technology, thin monolithic technology and surface technology
  • On the basis of application, the market is segmented into automotive body side outer panels, automotive body side (all other panels) and others

Key Market Players: Global Third Generation Advanced High-Strength Steel Market

The key market players for global third generation advanced high-strength steel market are listed below:

  • SSAB AB
  • ARCELORMITTAL S.A.
  • voestalpine AG
  • AK Steel Corporation
  • POSCO
  • United States Steel
  • thyssenkrupp AG
  • JFE Steel Corporation
  • NIPPON STEEL CORPORATION (NSSMC)
  • Anyang Iron and Steel Group, Inc.
  • NANOSTEEL
  • KOBE STEEL LTD.
  • Benxi steel group
  • SAIL
  • China Shougang Group
  • NUCOR
  • Baosteel Co., Ltd.
  • JSW
  • Tata Steel