New York, NY 16 Apr 2021: 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.
The report “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 (Up to 600 MPa, 600-900 MPa, 900-1200 MPa, 1200-1500 MPa, Above 1500 MPa); By Application; By Regions; Segment Forecast, 2020 – 2027” gives a detailed insight into current market dynamics and provides analysis on future market growth.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.Request For Sample Copy @Â https://www.polarismarketresearch.com/industry-analysis/high-strength-steel-marketMaterial 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.