NEW YORK, Sept. 21, 2021 /PRNewswire/ -- The high-strength steel market is poised to grow by $ 13.73 bn during 2021-2025, progressing at a CAGR of 9.86% during the forecast period, according to Technavio. The report offers an up-to-date analysis and to know exact growth variance and the Y-O-Y growth rate - Request a free sample report.
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. ArcelorMittal SA, Essar Steel India Ltd., HBIS Group Co. Ltd., Hyundai Steel Co., JSW STEEL Ltd., Nippon Steel Corp., Nucor Corp., POSCO, Tata Steel Ltd., and United States Steel Corp. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Growing demand for high-strength steel in the automobile industry has been instrumental in driving the growth of the market. However, volatile prices of raw materials might hamper the market growth.
High Strength Steel Market 2021-2025: Segmentation
Learn more about the additional trends impacting the future of the market and the positive and negative consequences on the businesses., download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR43016
Related Reports on Materials Include:
Galvanized Steel Market Report -The galvanized steel market has the potential to grow by 57.74 million tons during 2021-2025, and the market's growth momentum will accelerate at a CAGR of 3.02%. Download a free sample report now!
Refractory Materials Market Report -The refractory materials market for the GCC steel industry has the potential to grow by 37.78 MT during 2021-2025, and the market's growth momentum will accelerate at a CAGR of 3.41%. Download a free sample report now!
High Strength Steel Market 2021-2025: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our high strength steel market report covers the following areas:
This study identifies the growing global construction industry as one of the prime reasons driving the high-strength steel market growth during the next few years.
High Strength Steel Market 2021-2025: Vendor Analysis
We provide a detailed analysis of around 25 vendors operating in the High Strength Steel Market. Backed with competitive intelligence and benchmarking, our research reports on the High Strength Steel Market are designed to provide entry support, customer profile, and M&As as well as go-to-market strategy support.
Register for a free trial today and gain instant access to 17,000+ market research reports.
Technavio's SUBSCRIPTION platform
High Strength Steel Market 2021-2025: Key Highlights
Table Of Contents :
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Application
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/
SOURCE Technavio
Share this article