The U.S. Green Steel Market Research analysis presents estimations of growth, size, and projections for each market segment, accompanied by trends and forecasts based on revenue (in USD million). This report encompasses historical, current, and prospective analyses and appraisals for the U.S. Green Steel Market. The U.S. green steel market size was worth USD 747.22 million in 2022 and is projected to grow at a CAGR of 49.8% during the forecast period. Source- https://www.fortunebusinessinsights.com/u-s-green-steel-market-108259

A research report on the Electrical Steel Market has been published by Fortune Business Insights, offering an extensive analysis of the market landscape. The report covers various aspects such as current trends, growth rate (CAGR), opportunities, market risks, and key factors driving market growth. The global electrical steel market size was gauged at USD 29.28 billion in 2022. The market is projected to grow from USD 30.70 billion in 2023 to USD 44.92 billion by 2030, exhibiting a CAGR of 5.6% during the 2023-2030 period. Source: https://www.fortunebusinessinsights.com/industry-reports/electrical-steel-market-100827

Non-Grain Oriented Electrical Steel Market Growth, Size, Future Demands, Business Revenue The non-grain oriented electrical steel market size was valued at USD 17.50 billion in 2022. The market is projected to grow from USD 18.28 billion in 2023 to USD 25.83 billion by 2030, exhibiting a CAGR of 5.1% during the forecast period. Growing demand for electricity, growing infrastructure development, and urbanization are flourishing the adoption of the product source: https://www.fortunebusinessinsights.com/non-grain-oriented-electrical-steel-market-107330

High Strength Steel Market Size Report 2021, Recent Trends, Share, and Growth forecast to 2027 The global high strength steel market size is projected to reach USD 54.07 billion by 2027, exhibiting a CAGR of 7.4% during the forecast period. Increasing demand for electric vehicles (EVs) worldwide is expected to emerge as a crucial growth determinant for this market, states Fortune Business Insights™ in its report, titled “High Strength Steel Market Size, Share & COVID-19 Impact Analysis, By Type (High Strength Low Alloy (HSLA), Dual Phase (DP), Transformation Induced Plasticity (TRIP), Martensitic (MS), and Others), By Application (Automotive; Building & Construction; Mechanical & Heavy Equipment; Rail, Aviation & Marine; and Others), and Regional Forecast, 2020-2027”. According to the International Energy Agency (IEA), in 2019, global EV sales reached 2.1 million, surpassing 2018 levels and boosting the world EV stock to 7.2 million. EV car sales registered 40% year-on-year increase, accounting for 2.6% of the total global car sales in 2019. HSS has emerged as a promising technology for EVs as this steel lowers the weight of the car, while providing superior strength and enhanced protection. Moreover, HSS also serves as an excellent battery protector for EVs owing to its high strength and low weight. Furthermore, advanced HSS such as SSAB’s cold formable Docol® improve vehicle performance, making them more fuel-efficient and lower emissions. Market Driver Multiple Benefits of HSS in Construction to Stoke Adoption High strength steel offers a wide array of advantages to the construction industry. According to the Australian Steel Institute (ASI), the high-yield stress and tensile strength of HSS can be leveraged to increase design stresses, which can potentially reduce the required plate thickness and lower deadweight. The ASI estimates that savings ranging between 28% and 38% are possible if high strength steel is deployed for primary building columns in large structures. This advanced steel variant also provides superior durability and strength to withstand tectonic activities. For example, in New Zealand, where seismic activities are common, purlins, beams, and rafters made from ultra-high strength tensile steel are extensively used to counter the devastating effects of earthquakes in the regions. Thus, expanding utilization of HSS in the construction industry is likely to fuel the high strength steel market growth in the near future. Regional Insights Dynamic Growth in Automotive Manufacturing to Augment the Asia Pacific Market Asia Pacific led the high strength steel market share in 2019 and is expected to retain its dominant position during the forecast period owing to the dynamic expansion of the automotive industry, especially in China. Heavy equipment manufacturing and construction activities in India will further propel the regional market, while advancements in e-mobility in Japan and South Korea are anticipated to boost adoption of HSS. In Europe, the demand for high strength steel is slated to rise on account of rapid uptake of electric and hybrid vehicles, stoked by the stringent emission norms in the region. The market in North America will be mainly driven by the high consumption advanced steel products in automotive and equipment manufacturing industries in the United States. Information Source: https://www.fortunebusinessinsights.com/industry-reports/high-strength-steel-market-101854

High Strength Steel Market Size Report 2021, Recent Trends, Share, and Growth forecast to 2027 The global high strength steel market size is projected to reach USD 54.07 billion by 2027, exhibiting a CAGR of 7.4% during the forecast period. Increasing demand for electric vehicles (EVs) worldwide is expected to emerge as a crucial growth determinant for this market, states Fortune Business Insights™ in its report, titled “High Strength Steel Market Size, Share & COVID-19 Impact Analysis, By Type (High Strength Low Alloy (HSLA), Dual Phase (DP), Transformation Induced Plasticity (TRIP), Martensitic (MS), and Others), By Application (Automotive; Building & Construction; Mechanical & Heavy Equipment; Rail, Aviation & Marine; and Others), and Regional Forecast, 2020-2027”. According to the International Energy Agency (IEA), in 2019, global EV sales reached 2.1 million, surpassing 2018 levels and boosting the world EV stock to 7.2 million. EV car sales registered 40% year-on-year increase, accounting for 2.6% of the total global car sales in 2019. HSS has emerged as a promising technology for EVs as this steel lowers the weight of the car, while providing superior strength and enhanced protection. Moreover, HSS also serves as an excellent battery protector for EVs owing to its high strength and low weight. Furthermore, advanced HSS such as SSAB’s cold formable Docol® improve vehicle performance, making them more fuel-efficient and lower emissions. Market Driver Multiple Benefits of HSS in Construction to Stoke Adoption High strength steel offers a wide array of advantages to the construction industry. According to the Australian Steel Institute (ASI), the high-yield stress and tensile strength of HSS can be leveraged to increase design stresses, which can potentially reduce the required plate thickness and lower deadweight. The ASI estimates that savings ranging between 28% and 38% are possible if high strength steel is deployed for primary building columns in large structures. This advanced steel variant also provides superior durability and strength to withstand tectonic activities. For example, in New Zealand, where seismic activities are common, purlins, beams, and rafters made from ultra-high strength tensile steel are extensively used to counter the devastating effects of earthquakes in the regions. Thus, expanding utilization of HSS in the construction industry is likely to fuel the high strength steel market growth in the near future. Regional Insights Dynamic Growth in Automotive Manufacturing to Augment the Asia Pacific Market Asia Pacific led the high strength steel market share in 2019 and is expected to retain its dominant position during the forecast period owing to the dynamic expansion of the automotive industry, especially in China. Heavy equipment manufacturing and construction activities in India will further propel the regional market, while advancements in e-mobility in Japan and South Korea are anticipated to boost adoption of HSS. Information Source: https://www.fortunebusinessinsights.com/industry-reports/high-strength-steel-market-101854

Non-Grain Oriented Electrical Steel Market and its Types and Application The Non-Grain Oriented Electrical Steel Market size is a type of soft magnetic material used in the manufacturing of electrical machines such as transformers, motors, and generators. It has a uniform magnetic property in all directions and exhibits low core loss and high permeability, making it ideal for use in high-efficiency electrical applications. Source:https://www.fortunebusinessinsights.com/non-grain-oriented-electrical-steel-market-107330