Advanced High Strength Steel (AHSS) Market to Expand at a Volume CAGR of Over 10% Through 2027 Sales of advanced high strength steel have witnessed a significant surge, in line with growing preference of end-use industries for materials with favorable mechanical properties. The demand for advanced high strength steel is likely to surpass 13,800 KT in 2019 , registering an upswing from 2018, as per the latest research study by Fact.MR. For detailed insights on enhancing your product footprint, request for a sample here - https://www.factmr.com/connectus/sample?flag=S&rep_id=2995 Interest in enhancing fuel economy and vehicular safety continues to grow across both developed and developing economies, creating sustained opportunities for manufacturers of advanced high strength steel. The report opines that growing demand for advanced high strength steel has translated into a massive influx of innovative and new products, well aligned with end-user interest vis-à-vis high strength and optimal performance. “End-user’s inclination toward advanced materials offering durability, while retaining formability critical to the manufacturing procedures, remains palpable in the market space. Manufacturers, in a bid to solidify their market sustenance, are developing distinguishable products offering optimal scalability and longevity, albeit repeated use”, says Fact.MR report. According to the Fact.MR report, end-user preference for dual phase advanced high strength steel (AHSS) continues to remain intact, with global sales likely to exceed 10,300 KT in 2019. Dual phase advanced high strength steel, otherwise known as ‘DP-AHSS’, offers immense scope for developing lighter and thinner components without compromising on strength, which is one among the chief factors boosting its adoption across multiple end-use verticals. Martensitic advanced high strength steel is also estimated to join the trail in terms of demand in 2019 and beyond, as end-users continue to demonstrate marked preferences for steel solutions offering robust mechanical strength. For critical insights on this market, request for methodology here - https://www.factmr.com/connectus/sample?flag=RM&rep_id=2995 The Fact.MR analysis finds that AHSS variants with moderate tensile strength will continue to remain preferred, on account of high use across a range of applications. This report opines that AHSS with ‘600900 MPa’ tensile strength will remain the top-selling variant, with global sales estimated to exceed 7,000 KT in 2019. Advanced High Strength Steel Witness High Adoption in Development of Structural Details & Reinforcements According to the Fact.MR report, advanced high strength steel will witness extensive adoption in development of structural details. Advanced high strength steel are widely used for crafting structural details and reinforcements as they offer immense scope for weight optimization and freedom of design. This, in turn, makes it a lucrative application target for the manufacturers in terms of profitability. Moreover, use of advanced high strength steel in manufacturing car seats is also gaining substantial traction, as car seat components are subject to strict safety standards. For in-depth competitive analysis, buy now - https://www.factmr.com/checkout/2995
Advanced High Strength Steel (AHSS) Market to Expand at a Volume CAGR of Over 10% Through 2027
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