High Strength Steel Market Size Worth $56.1 Billion By 2027 | CAGR: 8.4%
                     High Strength Steel Market
Set to Exceed $56.1 Billion By 2027 | CAGR: 8.4%
“High Strength Steel Market Share, Size, Trends, Industry 
Analysis Report, By Type (Dual phase (DP), Martensitic 
(MS), Transformation-induced plasticity (TRIP), Twinning-
induced plasticity (TWIP), Others]; By Tensile Strength; By 
Application; By Regions; Segment Forecast, 2020 - 2027”
High Strength Steel Market Estimate & Forecast to 2027
The global high strength steel market size is expected to reach USD 56.1 billion by 2027 according to a 
new study by Polaris Market Research.
Advanced High Strength Steel (AHSS) are multiphase complex microstructures with yield strength over 
550 MPa. AHSS with tensile strength exceeding 780 Mpa is often termed as ultrahigh-strength steel and 
with tensile strength of about 1000 Mpa is termed as Giga Pascal steel. AHSS were developed partly to 
address decreased formability with increased strength in conventional steels. Intended for complex 
geometrical parts that require high formability, AHSS are used in broad range of applications including 
crash boxes, front end structures, automotive pillars, automotive rails, sill reinforcements, and doors 
among others.
 
Material selection for automotive applications is often driven by safety, manufacturability, fuel efficiency, 
durability, environmentalism, and quality. Cost is also an important factor in the highly competitive 
automotive industry. As an effort to reduce vehicle weight, automakers are continuously evaluating 
material selection to increase overall efficiency. Hence to meet the demand of improved material on the 
parameters of manufacturability, durability, quality, and cost, the steel industry has developed AHSS with 
unique properties to meet the diverse performance requirements of vehicle components. AHSS strikes a 
balance between strength for performance and ductility for production.
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High Strength Steel Market Scope
By Type  By Tensile Strength By Application By Region Report Attributes
 Dual phase (DP)  Upto 600 MPa  Automotive  North America  Historic year: 2016-2018
 Martensitic (MS)  600-900 MPa  Construction  Europe  Base year: 2019
 Transformation-induced  900-1200 MPa  Mining equipment  Asia Pacific  Forecast Year: 2020-2027
plasticity (TRIP)  1200-1500 MPa  Aviation & Marine  Latin America Middle East  Revenue ((USD Billion)
 Twinning-induced  Above 1500 MPa  Others & Africa 
plasticity (TWIP)
 Others
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High Strength Steel Market Estimate & Forecast to 2027
The combination of strength with ductility is the key performance parameter for automotive applications. 
Higher strengths come at the expense of ductility. Maintaining high ductility with greater tensile strength 
remains a major challenge for the manufacturers. However, with the innovation from Nano steel, 
manufacturers have redirected their efforts for high elongation and high strength steel.
Companies such as United States Steel Corporation, Tata Steel Ltd, ThyssenKrupp AG, Nucor 
Corporation, ArcelorMittal SA, AK Steel Holding Corporation, Baoshan Iron & Steel Co., Ltd, SSAB AB, 
POSCO, Steel Technologies LLC, and Big River Steel are some of the key players operating in the global 
market.
                                                                       
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High Strength Steel Market Size
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