- The third generation advanced high-strength steel (AHSS) is an excellent combination of strength and ductility which has high tensile strength property that further provides the safety to the consumers and vehicles.
- The different types of third generation advanced high-strength steel are dual-phase (DP), martensitic (MS), transformation-induced plasticity (TRIP), twinning-induced plasticity (TWIP) and others
- China dominates the Third Generation Advanced High-Strength Steel Market with the largest revenue share of 68.3% in 2024, characterized by its massive automotive production capacity, increasing adoption of lightweight, fuel-efficient vehicles.
- India is expected to be the fastest growing region in the Third Generation Advanced High-Strength Steel Market during the forecast period due to the country’s expanding automotive manufacturing base, rising demand for safer vehicles, and infrastructure development
- The dual-phase (DP) segment is expected to dominate the Third Generation Advanced High-Strength Steel Market with a market share of 37.2% in 2024, driven by its excellent balance of strength and ductility, making it suitable for structural and crash-relevant components
