High Strength Steel Market Growth, Analysis and Forecast 2025
High Strength Steel Market Overview: The high strength steel market is witnessing a significant rise across the globe. Increasing consumption of high strength steel for the production of lightweight yet sturdy components in the automotive and aircraft industry drives the market growth, predominantly. Similarly, owing to its durability, better weldability, and excellent formability, a huge amount of high strength steel is absorbed in the construction sector as well. The constant rise in the construction industry over the past few years has been fostering a massive demand in the high strength steel market. Market Research Future (MRFR) asserts that the global high strength steel market is forecasted to garner significant growth by 2025. In its recent market statistics, MRFR also confirms that the market would register a massive 7.65% CAGR throughout the assessment period (2017-2023). Leveraging rapid urbanization and industrialization, the construction industry is speeding ...