Global High Strength Steel Market worth US$ 15,462.5 Million 2018 with a CAGR of 12.0%

Nehashaikh20 Apr, 2022Business

The report "Global High Strength Steel Market, By Grade (Dual Phase (DP), Complex Phase (CP), Transformation-induced plasticity (TRIP), Twining-induced plasticity (TWIP), other), By End User (Automotive, Aerospace & Defence, and Construction) and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa)- Global Forecast to 2029". The high strength steel market size is projected to grow from US$ 15,462.5 Million in 2018 to US$ 51,636.6 Million by 2028. The global high strength steel market is expected to register lucrative growth over the forecast period. This is attributed to increasing usage of high strength steel in automobile and construction sector. The high strength steel is light in weight, has properties such as ductility, and malleability and there no other material with same unique combination of strength. Whereas, the steel is the only product that in usable metals which meets higher environmental standards.

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