Market Overview:
The global transformation induced plasticity 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 high-strength and lightweight steels in automotive, aerospace, and construction applications. The martensitic transformation type segment is expected to dominate the global transformation induced plasticity steel market during the forecast period owing to its superior mechanical properties as compared to other types of steels. In terms of region, North America is projected to lead the global transformation induced plasticity steel market during the forecast period followed by Europe and Asia Pacific.
Product Definition:
Steel is an alloy of iron and carbon, with other elements sometimes present. The amount of carbon in steel determines its properties. Low-carbon steels are softer and more ductile than high-carbon steels.
Martensitic Transformation:
Martensitic transformation is a phase change from ferroalloys to non-ferrous and rare earth metals. It has been used as an alloying agent in various alloys such as High Tension (HT) steel, Low carbon Steel (LC), Cold Worked (CW) steel, hot rolled coil and cold drawn sheet.
Bainite Transformation:
Bainite is a ferroalloy and used for the Transformation Induced Plasticity (TRIP) in steel. It helps to improve plasticity, harden and strengthen the steel. The bainite content in transformed steel should not go above 15% of the total weight of metal powder & metal oxides.
Application Insights:
The construction industry was the largest application segment in 2017 and is expected to witness significant growth over the forecast period. The global transformation induced plasticity steel market by construction is anticipated to reach USD 1,874.0 million by 2030 with a CAGR of XX% from 2018 to 2030.
Automotive was the second-largest application segment in 2017 and accounted for a share of 15.3% in terms of revenue that year as well as foreseeing strong growth over the next seven years due to increasing demand for lightweight vehicles with high performance materials such as STS.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing region owing to rapid industrialization and urbanization. The region is likely to witness significant growth in automotive production, construction output, and other industries due to rising disposable income of consumers. Moreover, increasing foreign investments coupled with favorable government policies are anticipated to drive regional market growth over the forecast period.
The Asia Pacific was followed by Europe which accounted for a revenue share of 24% in 2017 on account of high demand from major application sectors including transportation equipment and construction materials used for residential buildings as well as non-residential infrastructure projects such as bridges and roads development across European countries.
North America transformation induced plasticity steel market is also estimated to grow at a considerable rate over the forecast period owing its growing demand from end-use applications such as aerospace & defense (aircraft parts), wind energy components along with medical industry (surgical tools).
Growth Factors:
- Increasing demand from the automotive and construction industries
- Growing use of steel in renewable energy projects
- Rising consumption in developing countries
- Technological advancements that improve the quality and performance of steel products
- Government initiatives to promote the use of steel in various sectors
Scope Of The Report
Report Attributes
Report Details
Report Title
Transformation Induced Plasticity Steel Market Research Report
By Type
Martensitic Transformation, Bainite Transformation
By Application
Construction, Automotive, Aerospace
By Companies
SSAB, Cytec Solvay Group, Alcoa Inc, Acerinox, Bristol Metals, Mirach Metallurgy Co, Nippon Steel & Sumitomo Metal, Ecosteel, H.C. Starck GmbH, Tata Steels (India), Shandong Steel Group, Severstal JSC
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
249
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Transformation Induced Plasticity Steel Market Report Segments:
The global Transformation Induced Plasticity Steel market is segmented on the basis of:
Types
Martensitic Transformation, Bainite Transformation
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
Construction, Automotive, Aerospace
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:
- SSAB
- Cytec Solvay Group
- Alcoa Inc
- Acerinox
- Bristol Metals
- Mirach Metallurgy Co
- Nippon Steel & Sumitomo Metal
- Ecosteel
- H.C. Starck GmbH
- Tata Steels (India)
- Shandong Steel Group
- Severstal JSC
Highlights of The Transformation Induced Plasticity 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:
- Martensitic Transformation
- Bainite Transformation
- By Application:
- Construction
- Automotive
- Aerospace
- 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 Transformation Induced Plasticity 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.
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- Correctly Positioning New Products
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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?
Transformation induced plasticity (TIP) is a phenomenon that occurs in metals when they are subjected to an external stress. This stress can be applied through heat, cold, or pressure. The metal undergoes a change in its physical and chemical properties as a result of the stress.
Some of the major companies in the transformation induced plasticity steel market are SSAB, Cytec Solvay Group, Alcoa Inc, Acerinox, Bristol Metals, Mirach Metallurgy Co, Nippon Steel & Sumitomo Metal, Ecosteel, H.C. Starck GmbH, Tata Steels (India), Shandong Steel Group, Severstal JSC.
The transformation induced plasticity 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 Transformation Induced Plasticity 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 Transformation Induced Plasticity Steel Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Transformation Induced Plasticity 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 Transformation Induced Plasticity 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 Transformation Induced Plasticity Steel Market Size & Forecast, 2018-2028
4.5.1 Transformation Induced Plasticity Steel Market Size and Y-o-Y Growth
4.5.2 Transformation Induced Plasticity Steel Market Absolute $ Opportunity
Chapter 5 Global Transformation Induced Plasticity Steel 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 Transformation Induced Plasticity Steel Market Size Forecast by Type
5.2.1 Martensitic Transformation
5.2.2 Bainite Transformation
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Transformation Induced Plasticity Steel 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 Transformation Induced Plasticity Steel Market Size Forecast by Applications
6.2.1 Construction
6.2.2 Automotive
6.2.3 Aerospace
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Transformation Induced Plasticity 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 Transformation Induced Plasticity 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 Transformation Induced Plasticity Steel Analysis and Forecast
9.1 Introduction
9.2 North America Transformation Induced Plasticity Steel 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 Transformation Induced Plasticity Steel Market Size Forecast by Type
9.6.1 Martensitic Transformation
9.6.2 Bainite Transformation
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 Transformation Induced Plasticity Steel Market Size Forecast by Applications
9.10.1 Construction
9.10.2 Automotive
9.10.3 Aerospace
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 Transformation Induced Plasticity Steel Analysis and Forecast
10.1 Introduction
10.2 Europe Transformation Induced Plasticity Steel 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 Transformation Induced Plasticity Steel Market Size Forecast by Type
10.6.1 Martensitic Transformation
10.6.2 Bainite Transformation
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 Transformation Induced Plasticity Steel Market Size Forecast by Applications
10.10.1 Construction
10.10.2 Automotive
10.10.3 Aerospace
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 Transformation Induced Plasticity Steel Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Transformation Induced Plasticity Steel 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 Transformation Induced Plasticity Steel Market Size Forecast by Type
11.6.1 Martensitic Transformation
11.6.2 Bainite Transformation
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 Transformation Induced Plasticity Steel Market Size Forecast by Applications
11.10.1 Construction
11.10.2 Automotive
11.10.3 Aerospace
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 Transformation Induced Plasticity Steel Analysis and Forecast
12.1 Introduction
12.2 Latin America Transformation Induced Plasticity Steel 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 Transformation Induced Plasticity Steel Market Size Forecast by Type
12.6.1 Martensitic Transformation
12.6.2 Bainite Transformation
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 Transformation Induced Plasticity Steel Market Size Forecast by Applications
12.10.1 Construction
12.10.2 Automotive
12.10.3 Aerospace
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) Transformation Induced Plasticity Steel Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Transformation Induced Plasticity Steel 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) Transformation Induced Plasticity Steel Market Size Forecast by Type
13.6.1 Martensitic Transformation
13.6.2 Bainite Transformation
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) Transformation Induced Plasticity Steel Market Size Forecast by Applications
13.10.1 Construction
13.10.2 Automotive
13.10.3 Aerospace
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 Transformation Induced Plasticity Steel Market: Competitive Dashboard
14.2 Global Transformation Induced Plasticity Steel Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 SSAB
14.3.2 Cytec Solvay Group
14.3.3 Alcoa Inc
14.3.4 Acerinox
14.3.5 Bristol Metals
14.3.6 Mirach Metallurgy Co
14.3.7 Nippon Steel & Sumitomo Metal
14.3.8 Ecosteel
14.3.9 H.C. Starck GmbH
14.3.10 Tata Steels (India)
14.3.11 Shandong Steel Group
14.3.12 Severstal JSC
