Ultra-High Strength Steel Market, By End-Use Industry (Automotive Parts & Components, Aerospace & Defense, Others); By Type (Medium Carbon Low Alloy, Medium Carbon Air Hardening, High Alloy Air Hardening, 18Ni Maraging Steel); By Geography (North America, Asia Pacific, Europe, Middle East & Africa, And South America) -Forecasts to 2022
Ultra-high strength steel are structural steel with very high strength in comparison to other steel grades. They are largely used in applications areas such as pipelines, car parts, pressure vessels, offshore platforms, aircraft undercarriages, and rockets motor castings. Major end-use industries for ultra-high strength steels include automotive and aerospace & defense. Automotive sector with high demand for light weight structural components is expected to dominate the market during the forecast period. Major types that goes into these applications includes medium carbon low alloy, medium carbon air hardening, high alloy air hardening, 18Ni maraging steel, and others.
North America and Europe are the major markets for ultra-high strength steels with high demand from automotive and other industries. The ultra-high strength steel market is expected to show high growth in Asia Pacific region due to growing industrialization and emerging markets such as China and India in the region.
This market research study provides a detailed qualitative and quantitative analysis of the ultra-high strength steel market. Various secondary sources, such as encyclopedia, directories, industry journals, and databases are used to identify and collect information useful for this extensive commercial study of the ultra-high strength steel market. The primary sources include experts from related industries and suppliers who have been interviewed to obtain and verify critical information as well as to assess the future prospects of the market.
Competitive scenarios of the top players in the ultra-high strength steel market have been discussed in detail. Leading players of this industry with their recent developments and other strategic industry activities are also covered in the report. Companies, such as Arcelor Mittal, Nippon Steel & Sumitomo Metal, Tata Steel Europe, Thyssenkrupp AG, Sandvik AB, United States Steel Corporation, Kobe Steel, Modul-System HH AB, POSCO, Hyundai Steel, SSAB AB, Nucor Corporation, USIMINAS, China Steel Corporation, and others are operating in this market.
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