Market Overview:
The global dual-phase steel market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the automotive sector, especially in developing countries, is expected to drive the demand for dual-phase steel in the coming years. Dual-phase steel offers superior properties such as high strength and ductility, which makes it suitable for use in various applications such as automotive, shipbuilding, aviation, and others. The North American region dominates the global dual-phase steel market and is expected to continue its dominance during the forecast period. The growth of this region can be attributed to factors such as increasing demand from automotive and aerospace industries coupled with rising production capacity of major players operating in this region.
Product Definition:
Dual-phase steel is a type of alloy steel that contains both ferrite and martensite in its microstructure. It is important because it combines the best properties of both phases, making it strong and tough.
Hot-Rolled Dual-Phase Steel:
Hot-rolled dual-phase steel is a type of structural steel that has been processed to achieve maximum yield strength and minimum residual strain during the rolling process. It possesses properties such as high yield strength, good formability, low water absorption, excellent weldability and corrosion resistance.
Cold Rolled Dual-Phase Steel:
Cold rolled dual-phase steel is a type of hot rolled steel that has been processed to improve its surface finish. It possesses properties such as high yield strength and low carbonation, which make it suitable for use in structural applications. Cold rolled dual-phase steel is used in the construction industry owing to its ability to reduce the overall weight of building components thereby reducing energy consumption during earthquakes and other natural calamities.
Application Insights:
The automotive application segment accounted for a volume share of over 40% in 2017. The product is widely used in the automotive industry owing to its ability to reduce weight and increase fuel efficiency. It is also used in the manufacturing of body-in-white, engine block, transmission cases and other components. In addition, it can be easily fabricated as compared to traditional materials such as iron and steel.
The aviation application segment is expected witness significant growth over the forecast period due to increasing demand from low-cost carriers (LCCs). LCCs are increasingly using dual-phase steel products due to their lightweight properties which help them achieve low fares while reducing environmental impact by reducing carbon emissions during travel at high speed across long distances with less fuel consumption per passenger kilometer traveled.
Regional Analysis:
Asia Pacific was the largest market in 2016 and is expected to continue its dominance over the forecast period. The region accounted for a volume share of 68.2% in 2016 and is anticipated to grow at a CAGR of XX% from 2017 to 2030 owing to increasing demand from end-use industries, such as automotive, construction, aerospace & defense, industrial machinery among others.
The growth can be attributed to rising investments by various companies for expanding their production capacities in emerging countries such as China and India along with growing consumer demand for passenger cars and commercial vehicles will drive industry growth over the coming years.
Growth Factors:
- Increasing demand from automotive and construction industries
- Growing popularity of dual-phase steel in the Asia Pacific region
- Rising investments by key players in research and development activities
- Proliferation of advanced manufacturing technologies
- Growing awareness about the benefits of dual-phase steel among consumers
Scope Of The Report
Report Attributes
Report Details
Report Title
Dual-phase Steel Market Research Report
By Type
Hot-Rolled Dual-Phase Steel, Cold Rolled Dual-Phase Steel
By Application
Automotive, Ship, Aviation, Others
By Companies
ArcelorMittal, Thyssenkrupp, Swedish Steel（SSAB）, Nippon Steel & Sumitomo Metal, Baosteel Group, Kobe Steel, POSCO
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
236
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Dual-phase Steel Market Report Segments:
The global Dual-phase Steel market is segmented on the basis of:
Types
Hot-Rolled Dual-Phase Steel, Cold Rolled Dual-Phase Steel
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Automotive, Ship, Aviation, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- ArcelorMittal
- Thyssenkrupp
- Swedish Steel（SSAB）
- Nippon Steel & Sumitomo Metal
- Baosteel Group
- Kobe Steel
- POSCO
Highlights of The Dual-phase Steel Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Hot-Rolled Dual-Phase Steel
- Cold Rolled Dual-Phase Steel
- By Application:
- Automotive
- Ship
- Aviation
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Dual-phase Steel Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Dual-phase steel is a type of steel that has two different phases, or states of matter. The two phases are solid and liquid. This makes dual-phase steel stronger and more resistant to wear and tear than single-phase steel.
Some of the major companies in the dual-phase steel market are ArcelorMittal, Thyssenkrupp, Swedish Steel（SSAB）, Nippon Steel & Sumitomo Metal, Baosteel Group, Kobe Steel, POSCO.
The dual-phase steel market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Dual-phase Steel Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Dual-phase Steel Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Dual-phase Steel Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Dual-phase Steel Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Dual-phase Steel Market Size & Forecast, 2020-2028
4.5.1 Dual-phase Steel Market Size and Y-o-Y Growth
4.5.2 Dual-phase Steel Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Hot-Rolled Dual-Phase Steel
5.2.2 Cold Rolled Dual-Phase Steel
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Automotive
6.2.2 Ship
6.2.3 Aviation
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Dual-phase Steel Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Dual-phase Steel Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Hot-Rolled Dual-Phase Steel
9.6.2 Cold Rolled Dual-Phase Steel
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Automotive
9.10.2 Ship
9.10.3 Aviation
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Hot-Rolled Dual-Phase Steel
10.6.2 Cold Rolled Dual-Phase Steel
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Automotive
10.10.2 Ship
10.10.3 Aviation
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Hot-Rolled Dual-Phase Steel
11.6.2 Cold Rolled Dual-Phase Steel
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Automotive
11.10.2 Ship
11.10.3 Aviation
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Hot-Rolled Dual-Phase Steel
12.6.2 Cold Rolled Dual-Phase Steel
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Automotive
12.10.2 Ship
12.10.3 Aviation
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Hot-Rolled Dual-Phase Steel
13.6.2 Cold Rolled Dual-Phase Steel
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Automotive
13.10.2 Ship
13.10.3 Aviation
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Dual-phase Steel Market: Competitive Dashboard
14.2 Global Dual-phase Steel Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ArcelorMittal
14.3.2 Thyssenkrupp
14.3.3 Swedish Steel（SSAB）
14.3.4 Nippon Steel & Sumitomo Metal
14.3.5 Baosteel Group
14.3.6 Kobe Steel
14.3.7 POSCO
