Market Overview:
The global micro-alloyed high strength steel market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for micro-alloyed high strength steel in various end-use industries, such as architecture, automotive, aerospace and others. In terms of type, the steel plate segment is expected to lead the global micro-alloyed high strength steel market during the forecast period. This can be attributed to its growing demand in various end-use industries across different regions.
Product Definition:
Micro-alloyed high strength steel is a type of steel that contains small amounts of alloying elements, such as titanium, vanadium, and niobium. These alloys help to improve the strength and toughness of the steel. Micro-alloyed high strength steels are used in a variety of applications where high strength and toughness are required, such as in automotive components and structural beams.
Steel Plate:
Steel plate is a thin piece of metal, which is made by heating and rolling steel-making raw materials such as iron and nickel. It has a wide range of applications in industries such as construction, automotive, energy & power generation sectors. Steel plates are available in different shapes and sizes; however the basic types include round or circular plate, square or rectangle plate and hexagonal or octagonal plate.
Steel Pipe:
Steel pipe is a cylindrical piece of steel that has been processed to make it suitable for use in various applications. It can be further classified into two types, namely seamless and welded steel pipes. Seamless type is also known as ductile iron or round-stock, while welded type is known as carbon or flat-stock.
Application Insights:
The architecture application segment led the global market and accounted for more than 30.0% share of the total revenue in 2017. The growth can be attributed to increasing construction activities in developing countries, such as India, China and Brazil. In addition, demand from developed countries is also growing at a significant pace owing to high product quality and low cost coupled with advanced design flexibility offered by micro-alloyed steel products.
The automobile sector is expected to emerge as one of the prominent consumers of micro-alloyed high strength steel over the forecast period due to its lightweight properties which enhance fuel efficiency along with reducing pollution levels significantly compared to other vehicles using heavy conventional metals such as iron & steel or aluminum alloys.
Regional Analysis:
Asia Pacific was the largest regional market in 2017 and is expected to continue its dominance over the forecast period. The region accounted for a volume share of 68.2% in 2017 owing to increasing demand from various end-use industries, such as construction, automotive, aerospace and others. China is projected to remain a key consumer and producer of micro-alloyed high strength steel products over the next eight years due to low production cost coupled with easy availability of land for expansion purposes.
The country’s rapid urbanization has led to an increase in infrastructure development projects which will further propel product demand across Asia Pacific during the forecast period.
North America emerged as one of the major consumers due North growth in oil & gas industry along with growing investment towards renewable energy sources such as wind turbines.
Growth Factors:
- Increasing demand for lightweight and high-strength materials in automotive and aerospace industries
- Rising awareness about the benefits of using micro-alloyed high strength steel among end users
- Technological advancements that have led to the development of new grades of micro-alloyed high strength steel
- Growing demand for advanced structural steels in construction industry
- Rising disposable income levels in developing countries that are fuelling investments in infrastructure development
Scope Of The Report
Report Attributes
Report Details
Report Title
Micro-alloyed High Strength Steel Market Research Report
By Type
Steel Plate, Steel Pipe
By Application
Architecture, Automobile, Aerospace, Other
By Companies
Tata Steel, Oakley Steel, Schuler Group, Atlas Steels, Tata Steel
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
238
Number of Tables & Figures
167
Customization Available
Yes, the report can be customized as per your need.
Global Micro-alloyed High Strength Steel Market Report Segments:
The global Micro-alloyed High Strength Steel market is segmented on the basis of:
Types
Steel Plate, Steel Pipe
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
Architecture, Automobile, Aerospace, Other
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:
- Tata Steel
- Oakley Steel
- Schuler Group
- Atlas Steels
- Tata Steel
Highlights of The Micro-alloyed High Strength 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:
- Steel Plate
- Steel Pipe
- By Application:
- Architecture
- Automobile
- Aerospace
- Other
- 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 Micro-alloyed High Strength 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?
Micro-alloyed high strength steel is a type of steel that has been treated with small amounts of alloying elements to improve its strength and durability. This type of steel is often used in applications where increased strength is necessary, such as in construction or industrial equipment.
Some of the major players in the micro-alloyed high strength steel market are Tata Steel, Oakley Steel, Schuler Group, Atlas Steels, Tata Steel.
The micro-alloyed high strength steel market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Micro-alloyed High Strength 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 Micro-alloyed High Strength Steel Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Micro-alloyed High Strength 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 Micro-alloyed High Strength 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 Micro-alloyed High Strength Steel Market Size & Forecast, 2020-2028
4.5.1 Micro-alloyed High Strength Steel Market Size and Y-o-Y Growth
4.5.2 Micro-alloyed High Strength 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 Steel Plate
5.2.2 Steel Pipe
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 Architecture
6.2.2 Automobile
6.2.3 Aerospace
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Micro-alloyed High Strength 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 Micro-alloyed High Strength 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 Steel Plate
9.6.2 Steel Pipe
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 Architecture
9.10.2 Automobile
9.10.3 Aerospace
9.10.4 Other
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 Steel Plate
10.6.2 Steel Pipe
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 Architecture
10.10.2 Automobile
10.10.3 Aerospace
10.10.4 Other
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 Steel Plate
11.6.2 Steel Pipe
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 Architecture
11.10.2 Automobile
11.10.3 Aerospace
11.10.4 Other
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 Steel Plate
12.6.2 Steel Pipe
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 Architecture
12.10.2 Automobile
12.10.3 Aerospace
12.10.4 Other
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 Steel Plate
13.6.2 Steel Pipe
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 Architecture
13.10.2 Automobile
13.10.3 Aerospace
13.10.4 Other
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 Micro-alloyed High Strength Steel Market: Competitive Dashboard
14.2 Global Micro-alloyed High Strength Steel Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Tata Steel
14.3.2 Oakley Steel
14.3.3 Schuler Group
14.3.4 Atlas Steels
14.3.5 Tata Steel
