ROCKVILLE, Md., March 24, 2022 (GLOBE NEWSWIRE) — The global market for advanced high strength steel (AHSS) has been gaining momentum over the past few years. This is attributed to the growing demand for high strength and efficient materials from car manufacturers. Globally, the overall advanced high strength steel market consumption was pegged at nearly 14 million tons in 2019 and accounted for about 1% share in the global steel sector.

In addition, increasing pressure from several government and regulatory authorities for weight reduction of automotive components and emission control has pushed end users towards advanced high strength steel manufacturers for efficient and lightweight materials. The global AHSS market is expected to register a CAGR of 8.5% over the long-term forecast period (2020-2030).

The report offers an actionable and valuable market overview of advanced high-strength automotive steel. The latest report from Fact.MR provides details about the current market scenario across different regions along with the historical data and forecast of the market. The report also includes information on sales and demand for Automotive Advanced High Strength Steel market across various industries and regions.

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Market research by Fact.MR gives exclusive insights on market growth. The study identifies crucial trends driving the growth of the Automotive Advanced High Strength Steel Market. This newly released report sheds light on vital dynamics, such as drivers, restraints, and opportunities for major market players as well as emerging players associated with production and supply. Fact.MR Latest Report Provides Detailed Analysis of Automotive Advanced High Strength Steel Market

This newly released and insightful report sheds light on the Automotive Advanced High Strength Steel Market insights, key dynamics, their impact on the overall value chain from vendors to end-users and market growth of advanced high-strength automotive steel. The study offers a comprehensive analysis of various features including production capacities, demand, product developments, revenue generation, and sales in the Advanced High Strength Steel (AHSS) market across the globe .

A comprehensive estimate of the Advanced High Strength Steel (AHSS) Market has been provided through an optimistic scenario as well as a conservative scenario, considering the Advanced High Strength Steel (AHSS) sales during the forecast period. The comparison of price points per region with the global average price is also taken into account in the study.

Advanced High Strength Steel (AHSS) Market: Market Sizing Assessment Analysis
The Advanced High Strength Steel (AHSS) market has been analyzed for each market segment, in terms of volume (Kilo Tons) and value (US$ Mn).

Global and regional market estimates for Advanced High Strength Steel (AHSS) are available in terms of “US$ Mn” for value and “Kilo Tons” for volume. A contrast of year-on-year growth across major Advanced High Strength Steel (AHSS) market segments, along with the assessment of market attractiveness, have been incorporated into the report.

-Furthermore, absolute dollar opportunity analysis of all segments adds significance to the report. Absolute dollar opportunity plays a crucial role in assessing the level of opportunity a manufacturer/distributor may be looking to achieve as well as identifying potential resources, given the sales and distribution perspective. in the global Advanced High Strength Steel (AHSS) market.

Advanced High Strength Steel (AHSS) Market: Inspected Valuation on Regional Segments
Key sections have been crafted in the Advanced High Strength Steel (AHSS) report which have helped provide regional market projections. These chapters include regional macros (politico-economic and business environment outlook), which are expected to have considerable influence on the growth of the Advanced High Strength Steels (AHSS) market over the forecast period.

Country-specific assessment of the demand for Advanced High Strength Steel (AHSS) has been offered for each regional market, along with the market scope estimation and forecast, price index and analysis. impact of dominance dynamics in regions and countries. For all regional markets, year-over-year growth estimates have also been incorporated into the report.

The detailed breakdown in terms of value and volume for emerging countries has also been included in the report.

Advanced High Strength Steel (AHSS) Market: In-Depth Analysis of the Competitive Landscape
The report sheds light on key Advanced High Strength Steel (AHSS) manufacturers along with their detailed profiles. Vital and up-to-date information on the data of the market players, who are majorly engaged in the production of the Advanced High Strength Steel (AHSS), has been provided with the help of a detailed dashboard.

The market share analysis and comparison of major players provided in the report enables the readers of the report to take preventive measures to advance their business.

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Advanced High Strength Steel (AHSS) Market Segmentation
Fact.MR has studied the Advanced High Strength Steel (AHSS) market with detailed segmentation on the basis of type, vehicle type, tensile strength, application and key regions.

By type:

• Two-phase (DP)
• Martensitic (MS)
• Processing Induced Plasticity (TRIP)
• Twinning Induced Plasticity (TWIP)
• Others

By type of vehicle:

By tensile strength:

• Up to 600MPa
• 600-900MPa
• 900-1200MPa
• 1200-1500MPa
• Above 1500MPa

Per application:

• Structural details
• car seats
• Bumper
• Chassis, wheels and drivetrain
• Side impact beams
• Others

By region:

• North America
• Latin America
• Europe
• East Asia
• South Asia and Oceania
• Middle East and Africa

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Controlling the volatility and high cost of raw materials: a key to success in the AHSS market
The global advanced high strength steel market is moderately consolidated in nature with major market players having a monopoly. ThyssenKrupp AG, Nucor Corp, ArcelorMittal SA, AK Steel Holding Corp, Baoshan Iron & Steel Co., Ltd and SSAB AB are some of the major companies operating in the global Advanced High Strength Steel (AHSS) market. The dynamism of the major players can be attributed to their global presence and R&D activities.

The cost of vendor-specific inputs is expected to increase in the coming years, which is expected to become a major challenge for manufacturers to control volatility and high raw material prices. Additionally, key stakeholders have entered into strategic collaborations with major automakers to increase sales and build long-term customer loyalty. In addition, manufacturers have also targeted capacity expansion organically or through acquisitions to meet dispersed global demand.

• In May 2019, U.S. Steel Corporation planned to invest US$1 billion to build new casting and rolling facilities at its Pennsylvania operations. This project will produce sustainable AHSSs that will improve environmental performance.
• In 2018, ArcelorMittal signed a definitive agreement to acquire Votorantim SA in Brazil. After this acquisition, the company’s annual steel production capacity increased by 5.6 million tons, and the production capacity of cold-rolled steel products increased by 5.4 million tons.

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