High Strength Steel Market Size To Exceed USD 27.9 Billion By 2025 : Grand View Research Inc.
San Francisco, 1 November 2019: The Report High Strength Steel Market Size, Share & Trends Analysis Report By Product (High Strength Low Alloy, Dual Phase), By Application (Automotive, Construction, Aviation & Marine, Mining), And Segment Forecasts, 2018 – 2025 The global high strength steel market size is projected to reach USD 27.9 billion by 2025, according to a new report by Grand View Research, Inc., exhibiting a CAGR of 6.9% during the forecast period. Increasing demand from construction and automotive industries is the chief factor driving market growth. Some of the major competitors in the market are carrying out active R&D investments in the high strength steel field to improve product scope and stay competitive in the industry. Key players are emphasizing on manufacturing high strength steel that is durable and has a wide application scope. Competition among manufacturers is intense as they have similar product portfolios and cater to similar end-use