Middle East And Africa Third Generation Advanced High Strength Steel Market Trends

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Middle East and Africa Third Generation Advanced High Trends

  • Chemical and Materials
  • Oct 2021
  • MEA
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Integration of Advanced AHSS in Electric Vehicle (EV) Manufacturing for Lightweighting and Enhanced Safety

  • A prominent and accelerating trend in the Middle East and Africa Third Generation Advanced High-Strength Steel (AHSS) Market is the integration of advanced AHSS grades into electric vehicle (EV) manufacturing. This integration aims to achieve vehicle lightweighting, thereby enhancing fuel efficiency and meeting stringent safety standards.
    • For instance, in 2023, Saudi Arabia EV registrations surged by 35% compared to 2022, with 8.1 million new electric vehicles registered. This significant growth underscores the increasing demand for materials like third-generation AHSS, which offer superior strength-to-weight ratios essential for EV structural components.  
  • Automakers across the region are adopting third-generation AHSS to reduce vehicle weight without compromising safety, thereby extending driving range and improving crashworthiness. This trend aligns with the broader industry shift towards sustainable and efficient transportation solutions.
  • The adoption of advanced AHSS in EV manufacturing reflects the region's commitment to innovation and sustainability, positioning Middle East and Africa as a leader in the global transition to electric mobility