Middle East and Africa High Strength Steel Market Size, Industry Trends, Leading Players, SWOT Study, Share and Forecast to 2026 Middle East and Africa High Strength Steel Market, By Grade (High Strength Low alloy, Dual Phase, Transformation Inducted Plasticity, Bake hardenable, Rephosphorised steel and Interstitial Free), Product Type (Cold Rolled, Hot Rolled, Metallic Coated and Direct Rolled), End User (Automotive, Construction, Heavy Machinery, Ship Building, Aerospace, Energy & Power, Packaging, Consumer Goods), Geography (Iran , Egypt, South Africa, Saudi Arabia, UAE and Rest of Middle East & Africa)– Industry Trends and Forecast to 2026
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Report Description High strength steel is defined as steel that has yield strength ranging between 210-550 MPa and a tensile strength 270 to 700MPa. High strength steel is the type of steel that promotes high yield due to strengthening mechanisms that were employed on the steel to achieve better strength, toughness, fatigue and ductility. High strength steel is used in a wide variety of applications, most prominent are automotive, heavy machinery manufacturing, energy and power, ship building, aerospace, packaging and consumer goods. Most commonly high strength steel is produced with the cold rolled process followed by hot rolled, metallic rolled and direct rolled. High strength steel also reduce production cost, provide environmental & financial advantages in various application of automotive and construction sectors such as structural designing of auto parts, lifting equipment, materials handling, trailers and others. Middle East & Africa high strength steel market is expected to reach at a CAGR of 8.8% in the forecast period of 2019 to 2026.
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Major Key Players Some of the major players operating in this market are : • • • • • • • • • •
POSCO Arcelormittal S.A. Nippon Steel & Sumitomo Metal Corporation Tata Steel NUCOR HBIS Group HYUNDAI STEEL AK Steel Corporation Voestalpine AG, SSAB AG Angang Steel Company Limited
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Market Segmentation • By Grade (High Strength Low alloy, Dual Phase, Transformation Inducted Plasticity, Bake hardenable, Rephosphorised steel and Interstitial Free) • By Product Type (Cold Rolled, Hot Rolled, Metallic Coated and Direct Rolled) • By End User (Automotive, Construction, Heavy Machinery, Ship Building, Aerospace, Energy & Power, Packaging, Consumer Goods)
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Regional Analysis Based on geography, the market is segmented into five geographical regions
Middle East and Africa (U.A.E., Saudi Arabia, Israel, Egypt, South Africa and rest of Middle East & Africa)
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