세계의 고장력강(HSS) 시장 : 시장 규모-제품 유형별, 최종 사용자 산업별, 지역별, 범위 및 예측

High Strength Steel Market Size And Forecast

High Strength Steel Market size was valued at USD 32.15 Billion in 2024 and is projected to reach USD 52.13 Billion by 2031, growing at a CAGR of 6.87% from 2024 to 2031.

High-strength steel (HSS) is a type of steel with greater mechanical qualities, such as higher yield and tensile strength than normal steel. HSS is typically described as steel with a minimum yield strength of 300 MPa, and it is produced utilizing specialized alloying elements and advanced metallurgical methods. This type of steel is frequently utilized in construction, automotive, and heavy machinery applications due to its ability to withstand significant loads while being relatively lightweight, which is essential in decreasing overall structural mass and improving fuel efficiency in vehicles.

High-strength steel is promising, driven by rising demand for lightweight materials with increased performance and sustainability. As sectors continue to focus on lowering carbon footprints and increasing energy efficiency, the use of HSS is projected to increase, notably in the automotive sector, where manufacturers are looking into new designs to fulfill stricter emission rules.

Advances in steel processing technology, as well as the development of new high-strength alloys, will broaden the applications of HSS in a variety of industries, including infrastructure construction and renewable energy, such as wind turbines and solar panel frameworks.

Global High Strength Steel Market Dynamics

The key market dynamics that are shaping the global high strength steel market include:

Key Market Drivers:

Infrastructure Development and Urbanization: Rapid global infrastructure development, particularly in emerging nations, is driving the high-strength steel market. The global Infrastructure Hub predicts that worldwide infrastructure investment will reach USD 94 Trillion by 2040, with Asia contributing for USD 51 Trillion of that total. Notably, China's Belt and Road Initiative, which spans 139 countries, is estimated to produce investments of USD 1.2-1.3 Trillion by 2027, increasing demand for high strength steel in essential constructions such as bridges, railways and buildings.

Automotive Light-weighting Trends: The automotive industry's emphasis on fuel efficiency and emissions reduction has considerably increased the adoption of high strength steel, with the World Steel Association claiming that advanced high strength steel may lower a vehicle's structural weight by 25-39% when compared to ordinary steel. According to the American Iron and Steel Institute, the average car currently contains approximately 60% high strength steel, up from 36% in 2000, demonstrating its growing relevance in automotive manufacture.

Renewable Energy Infrastructure: The expansion of renewable energy infrastructure, particularly wind energy, is boosting demand for high-strength steel. The Global Wind Energy Council forecasts that global wind power capacity reached 837 GW in 2021, with an additional 557 GW expected by 2024. Each wind turbine requires around 160 tons of steel, with high strength steel being critical for the building of towers and structural components.

Key Challenges:

Raw Material Costs: The fluctuating prices of raw materials such as iron ore and alloying elements can have a substantial impact on high strength steel production costs. As steel makers navigate these price shifts, cost volatility might result in uncertain pricing for customers. This dilemma motivates producers to seek cost-effective alternatives or improve recycling methods in order to stabilize material costs and, eventually, increase market competitiveness.

Recycling Challenges: Although high strength steel is recyclable, the process can be complicated and expensive, especially for certain grades and alloys. Efficient recycling is essential for sustainability and resource management. Addressing these difficulties drives manufacturers to improve recycling technology and procedures, resulting in a more sustainable high strength steel market with a lower environmental footprint.

Environmental Impact of production: The production of high strength steel has a significant environmental impact, owing mostly to carbon emissions and energy use. As consumers and authorities increasingly prioritize sustainability, steel makers are under pressure to reduce their environmental impact. This challenge encourages investment in greener manufacturing methods, fostering innovation that results in more sustainable practices and products in the high strength steel market.

Key Trends:

Increased Adoption in Automotive Manufacturing: The automotive industry is increasingly using high strength steel to reduce vehicle weight and increase fuel efficiency. With increased regulatory pressure to satisfy higher emissions regulations, automakers are turning to advanced high strength steel (AHSS) to improve vehicle performance while retaining safety. This tendency propels the market as automakers strive to comply with regulations while meeting consumer demand for environmentally friendly vehicles.

Focus on Renewable Energy Projects: The transition to renewable energy sources, particularly wind and solar power, is increasing demand for high-strength steel in energy infrastructure. Wind turbines, which require large volumes of high-strength steel for towers and components, are a major emphasis. Countries' investments in renewable energy to combat climate change contribute considerably to the growth of the high strength steel market.

Government Investments in Infrastructure: Many governments around the world are investing extensively in infrastructure projects to spur economic growth, particularly in emerging economies. These expenditures frequently favor modern construction materials, such as high strength steel, to ensure durability and endurance. This tendency not only increases demand for high-strength steel, but it also promotes the general growth of construction industry.

Global High Strength Steel Market Regional Analysis

Here is a more detailed regional analysis of the global high strength steel market:

Asia Pacific:

The Asia-Pacific high strength steel market is rising rapidly, driven by unprecedented infrastructural expansion and increased car manufacturing. The World Steel Association's 2023 study states that the area contributes for around 71% of world steel production, with China dominating at 1.07 billion tons per year. Infrastructure programs such as China's Belt and Road Initiative (BRI) have significantly increased high strength steel consumption, with the National Bureau of Statistics of China forecasting an 8.8% year-on-year increase in infrastructure expenditure in 2023. Steel use in construction totaled 708 million tons, and India's steel consumption is predicted to reach 230 million tons by 2030, with high strength steel accounting for around 35% of the demand.

The automobile industry is also an important driver of growth, with the China Association of Automobile Manufacturers predicting vehicle output of 28.8 million units in 2023, requiring nearly 15 million tons of advanced high strength steel. In Japan, the automotive industry consumed 7.2 million tons of high strength steel in 2023, with demand expected to increase by 12% each year through 2025.

Furthermore, the Asian Development Bank projects that Asia-Pacific would require USD 26 trillion in infrastructure investment by 2030, resulting in continuous demand for high-strength steel. Rapid urbanization in countries such as Indonesia and Vietnam fuels this need, with building steel consumption increasing at yearly rates of 5.9% and 7.2%, respectively.

North America:

North America's high-strength steel market is fastest growing. According to the US Geological Survey, domestic steel output will reach 84.1 million metric tons in 2023, with high strength steel accounting for roughly 28% of the total. The automobile industry is the key driver, with the US Department of Energy claiming a 210% growth in advanced high strength steel use in vehicles since 2010. To meet severe Corporate Average Fuel Economy (CAFE) criteria, automakers are expected to increase high strength steel content per vehicle by 35% by 2026. North American automakers invested USD 36 billion in manufacturing facilities in 2023, with around 40% going toward advanced material processing.

The growth of the construction and infrastructure sectors adds to the demand for high strength steel. The US Infrastructure Investment and Jobs Act authorizes USD 550 billion in federal investments through 2026, with the American Society of Civil Engineers anticipating that 25% of the steel used in these projects will be high strength grades. Meanwhile, the Canadian Steel Producers Association predicts an 18.2% rise in Canadian high strength steel production by 2023, with infrastructure projects accounting for 42% of demand. In Mexico, the National Chamber of Iron and Steel Industry (CANACERO) forecasts a 15.3% increase in high strength steel consumption in 2023, aided by the United States-Mexico-Canada Agreement (USMCA), which has facilitated cross-border steel trade worth USD 28 billion, with high strength steel products representing 31%.

Global High Strength Steel Market: Segmentation Analysis

The Global High Strength Steel Market is Segmented on the basis of Product Type, End-User Industry, And Geography.

High Strength Steel Market, By Product Type

• High Strength Low Alloy (HSLA) Steel
• Carbon Manganese Steel
• Bake Hardenable (BH) Steel
• Dual Phase

Based on Product Type, the market is bifurcated into High Strength Low Alloy (HSLA) Steel, Carbon Manganese Steel, Bake Hardenable (BH) Steel, and Dual Phase. The dominant section is high strength low alloy (HSLA) steel, which is widely used in the construction, automotive, and energy sectors due to its equivalent strength-to-weight ratio and weldability. HSLA steel's versatility and ability to improve structural durability make it a popular choice for a variety of applications, contributing significantly to its market share. The fastest-growing segment is Dual Phase Steel, which is primarily driven by automobiles. industry's increased demand for lightweight materials with improved performance and safety. Dual phase steel has improved formability and strength, making it an appealing choice for manufacturers seeking to meet tight fuel economy criteria and increase vehicle performance.

High Strength Steel Market, By End-User Industry

• Automotive
• Construction
• Yellow Goods & Mining Equipment
• Aviation & Marine

Based on End-User Industry, the market is fragmented into Automotive, Construction, Yellow Goods & Mining Equipment and Aviation & Marine. The automotive segment is currently dominant, driven by the industry's pressing desire to reduce vehicle weight while retaining safety and performance. Stringent fuel efficiency standards and consumer preferences for lighter vehicles drive this need, prompting manufacturers to use more modern high strength steels. Construction is the fastest-growing sector, driven by major infrastructure spending and urbanization trends, particularly in emerging economies. As countries scale up construction efforts to meet rising population demands, high strength steel is becoming increasingly important for building long-lasting and resilient structures, resulting in strong growth in this market.

High Strength Steel Market, By Geography

• North America
• Europe
• Asia Pacific
• Rest of the World
• On the basis of Geography, the Global High Strength Steel Market is classified into North America, Europe, Asia Pacific, and the Rest of the World. Asia-Pacific dominates the high-strength steel market due to fast industrialization and rising demand from the automotive and construction industries. North America is the fastest-growing market, thanks to advances in automotive manufacturing and an emphasis on fuel efficiency and safety regulations.

Key Players

The "Global High Strength Steel Market" study report will provide valuable insight with an emphasis on the global market. The major players in the market are ArcelorMittal, Nippon Steel Corporation, POSCO, Thyssenkrupp AG, Baosteel Group, SSAB, JFE Steel Corporation, Salzgitter AG, Vallourec, and Severstal. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

• High Strength Steel Market Recent Developments
• In October 2022, ArcelorMittal's affiliate, AMNS India, said that it plans to supply high-strength special steel for India's proposed bullet train project.
• In March 2022, AFV Beltrame Group completed the acquisition of the Targoviste Special Steel Plant's operable production assets by transferring ownership documents and paying the entire amount of EUR 38.3 million.

TABLE OF CONTENTS

1. Introduction

• Market Definition
• Market Segmentation
• Research Methodology

2. Executive Summary

• Key Findings
• Market Overview
• Market Highlights

3. Market Overview

• Market Size and Growth Potential
• Market Trends
• Market Drivers
• Market Restraints
• Market Opportunities
• Porter's Five Forces Analysis

4. High Strength Steel Market , By Product Type

• High Strength Low Alloy (HSLA) Steel
• Carbon Manganese Steel
• Bake Hardenable (BH) Steel
• Dual Phase

5. High Strength Steel Market , By End-User Industry

• Automotive
• Construction
• Yellow Goods & Mining Equipment
• Aviation & Marine

6. Regional Analysis

• North America
• United States
• Canada
• Mexico
• Europe
• United Kingdom
• Germany
• France
• Italy
• Asia-Pacific
• China
• Japan
• India
• Australia
• Latin America
• Brazil
• Argentina
• Chile
• Middle East and Africa
• South Africa
• Saudi Arabia
• UAE

7. Market Dynamics

• Market Drivers
• Market Restraints
• Market Opportunities
• Impact of COVID-19 on the Market

8. Competitive Landscape

• Key Players
• Market Share Analysis

9. Company Profiles

• ArcelorMittal (Luxembourg)
• Nippon Steel Corporation (Japan)
• POSCO (South Korea)
• Thyssenkrupp AG (Germany)
• Baosteel Group (China)
• SSAB (Sweden)
• JFE Steel Corporation (Japan)
• Salzgitter AG (Germany)
• Vallourec (France)
• Severstal (Russia)

10. Market Outlook and Opportunities

• Emerging Technologies
• Future Market Trends
• Investment Opportunities

11. Appendix

• List of Abbreviations
• Sources and References