세계의 저합금강 시장은 자동차, 건축 및 건설, 에너지 및 전력, 석유 및 가스 시장에서 기회가 있어 미래가 밝습니다. 2025년부터 2031년까지 연평균 7.2%의 성장률을 보일 것으로 예상됩니다. 이 시장의 주된 촉진요인은 자동차 및 건설 산업의 수요 증가, 신흥 경제국의 인프라 개발 확대, 경량 및 고성능 재료에 대한 관심 증가입니다.
- Lucintel의 예측에서는 제품 부문에서 고강도 저합금강이 예측 기간 동안 가장 높은 성장률을 보일 것으로 전망합니다.
- 최종 용도 부문에서는 자동차가 가장 높은 성장률을 보일 것으로 예상됩니다.
- 지역별로는 아시아태평양이 예측기간 중에 가장 높은 성장이 예상되고 있습니다.
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저합금강 시장의 새로운 동향
저합금강 시장은 고성능 재료에 대한 수요 증가, 지속 가능성, 제강 공정의 기술 발전으로 인해 변화의 과정에 있습니다. 이러한 새로운 트렌드는 시장의 미래 방향을 결정하고 있습니다.
- 고급 고강도 저합금강 개발 : 주요 트렌드 중 하나는 고급 고강도 저합금강(AHSS)의 지속적인 개발 및 배포입니다. 이 강철은 강도 대 중량 비율이 우수하여 연료 소비와 재료 사용량을 줄인 더 가벼운 차량 및 구조물을 만들 수 있습니다. 연구자들은 현재 더 폭넓은 용도를 위해 성형성과 용접성을 개선하는 방법을 모색하고 있습니다.
- 부식 저항성 저합금 강철에 대한 강조 증가 : 극한 환경에서 장기적인 인프라 및 부품에 대한 수요 증가로 인해 부식 저항성이 향상된 저합금 강철 개발에 대한 관심이 높아지고 있습니다. 이는 특정 합금 원소와 표면 처리 기술을 도입하여 강철 구조물의 수명을 연장하고 유지보수 비용을 줄이는 것을 포함합니다. 특히 해양, 화학, 대기 부식 취약 환경에서 적용됩니다.
- 철강 생산에 디지털화 및 자동화 통합 : 철강 생산 공정에 디지털화 및 자동화 기술을 통합하는 것이 주요 동향으로 떠오르고 있습니다. 이는 공정 최적화, 예측 유지보수 및 품질 관리에 인공 지능(AI)을 적용하여 효율성을 높이고 에너지 소비를 줄이며 균일하고 고품질의 저합금강을 제조하는 것을 의미합니다.
- 지속 가능한 제강 공정에 대한 관심 증가 : 저합금 강철 시장에서 환경적 고려로 인해 지속 가능한 강철 제조 공정 설계에 관심이 증가하고 있습니다. 이는 에너지 효율적인 제조 공정 도입, 재활용 강철 스크랩 사용, 저탄소 배출 강철 제조 공정 개발을 통해 저합금 강철 생산의 환경적 영향을 최소화하는 것을 포함합니다.
- 적층 제조를 위한 저합금 강철 설계 : 급속히 발전하는 적층 제조(3D 프린팅) 산업은 저합금 강철에 새로운 가능성을 열어주고 있습니다. 항공우주, 의료, 공구 산업 등에서 특정 기능을 수행하기 위해 복잡한 형태와 원하는 특성을 갖춘 고성능 저합금 강철 부품 제작을 위해 강철 분말과 가공 방법 개발 연구가 진행 중입니다.
이러한 발전은 더 강하고, 더 튼튼하며, 더 지속 가능하게 제조된 강철의 혁신을 요구하며, 효율성을 높이기 위해 디지털 기술의 활용을 확대하고, 적층 제조와 같은 분야에서 제조의 새로운 가능성을 열어 저합금 강철 시장을 변혁시키고 있습니다.
저합금강 시장의 최근 동향
저합금 강철 시장은 성장, 기술, 시장 참여자의 전략에 영향을 미치는 중요한 변화를 겪고 있습니다.
- 엄격한 배출 규정 시행 : 세계의 정부는 철강 제조를 포함한 산업에 대한 배출 규정을 강화하고 있습니다. 이는 더 깨끗한 생산 공정과 탄소 배출량이 낮은 저합금 강철 제조에 대한 투자를 촉진하고 있습니다.
- 강철 가공 기술 : 롤링 및 열처리 공정 개선 등 강철 가공 기술의 발전은 고성능 응용 분야에 적합한 기계적 특성 및 향상된 표면 처리를 갖춘 저합금 강철 생산을 가능하게 하고 있습니다.
- 고강도 강철의 용접성과 성형성 : 고강도는 주요 요구사항이지만, 최근 기술 발전은 고급 저합금 강철의 용접성과 성형성을 향상시켜 복잡한 구조물 및 자동차 부품에의 적용을 확대하기 위해 노력하고 있습니다.
- 전략적 파트너십 및 연구 활동 : 철강 생산업체, 연구 기관, 소비자가 협력하는 파트너십이 확대되고 있으며, 이는 개별 목적에 맞는 철강 특성을 설계하고 산업이 직면한 과제를 해결하기 위한 저합금 철강 개발 혁신을 촉진하고 있습니다.
이러한 최신 동향은 청정 생산 기술 촉진, 신규 수요 시장 개발, 고기술 가공을 통한 재료 품질 개선, 협업 혁신을 통해 저합금 철강 시장에 결정적인 영향을 미치고 있습니다.
목차
제1장 주요 요약
제2장 세계의 저합금강 시장 : 시장 역학
- 소개, 배경, 분류
- 공급망
- 업계의 촉진요인과 과제
제3장 시장 동향과 예측 분석(2019-2031년)
- 거시 경제 동향(2019-2024년)과 예측(2025-2031년)
- 세계의 저합금강 시장 동향(2019-2024년)과 예측(2025-2031년)
- 제품별
- 고강도 저합금강
- 열처리 강철
- 내후성 강철
- 기타
- 최종 용도별
- 자동차
- 건축 및 건설
- 에너지 및 전력
- 석유 및 가스
- 기타
제4장 지역별 시장 동향과 예측 분석(2019-2031년)
제5장 경쟁 분석
- 제품 포트폴리오 분석
- 운영 통합
- Porter's Five Forces 분석
제6장 성장 기회와 전략 분석
- 성장 기회 분석
- 세계의 저합금강 시장의 새로운 동향
- 전략 분석
- 신제품 개발
- 세계의 저합금강 시장의 생산 능력 확대
- 세계의 저합금강 시장에서의 합병, 인수, 합작 사업
- 인증 및 라이선싱
제7장 주요 기업의 기업 프로파일
- Aperam
- ArcelorMittal
- Baoshan Iron Steel
- HBIS Group
- Carpenter Technology
- Hyundai Steel
- JFE Steel
- Kobe Steel
- Nippon Steel
- Outokumpu
HBR
The future of the global low alloy steel market looks promising with opportunities in the automotive, building & construction, energy & power, and oil & gas markets. The global low alloy steel market is expected to grow with a CAGR of 7.2% from 2025 to 2031. The major drivers for this market are the rising demand from the automotive & construction industries, the growing infrastructure development in emerging economies, and the increasing focus on lightweight & high-performance materials.
- Lucintel forecasts that, within the product category, high-strength low alloy steel is expected to witness the highest growth over the forecast period.
- Within the end use category, automotive is expected to witness the highest growth.
- In terms of region, APAC is expected to witness the highest growth over the forecast period.
Gain valuable insights for your business decisions with our comprehensive 150+ page report. Sample figures with some insights are shown below.
Emerging Trends in the Low Alloy Steel Market
The low alloy steel market is in the process of transformation due to growing demand for high-performance materials, sustainability, and technological developments in steelmaking procedures. These emerging trends are determining the future direction of the market.
- Advanced High-Strength Low Alloy Steels Development: One of the main upcoming trends is ongoing development and deployment of Advanced High-Strength Low Alloy (AHSS) steels. The steels have better strength-to-weight ratios, allowing lighter vehicles and structures with lower fuel consumption and less material usage. Researchers are currently exploring ways to improve their formability and weldability for wider uses.
- Growing Emphasis on Corrosion-Resistant Low Alloy Steels: Owing to the increasing demand for long-lasting infrastructure and components in severe environments, there is a growing emphasis on creating low alloy steels with improved corrosion resistance. This entails the incorporation of particular alloying elements and surface treatment technologies to increase the lifespan of steel structures and lower maintenance expenditure, especially in marine, chemical, and atmospheric corrosion-susceptible applications.
- Integration of Digitalization and Automation in Steel Production: Integration of digitalization and automation technologies in steel production processes is a major upcoming trend. This involves the application of artificial intelligence (AI) for process optimization, predictive maintenance, and quality control, resulting in enhanced efficiency, lower energy consumption, and the manufacture of low alloy steels with uniform and high-quality properties.
- Increasing Focus on Sustainable Steelmaking Processes: There is increasing focus on sustainable steelmaking processes due to environmental considerations in the low alloy steel market. This encompasses the implementation of energy-efficient manufacturing processes, the use of recycled steel scrap, and the evolution of lower-carbon emission steelmaking processes to minimize the environmental impact of low alloy steel production.
- Designing Low Alloy Steels for Additive Manufacturing: The fast-evolving industry of additive manufacturing (3D printing) is opening new prospects for low alloy steels. Studies are underway to create steel powders and processing methods to make high-performance low alloy steel components of intricate shapes with the desired properties to serve specific functions in aerospace, medical, and tooling industries.
Such developments are transforming the low alloy steel market by necessitating the innovation of stronger, tougher, and more sustainably manufactured steels, making increased use of digital technologies to raise efficiency, and opening new possibilities for manufacturing in areas such as additive manufacturing.
Recent Developments in the Low Alloy Steel Market
The low alloy steel market is undergoing some very important developments affecting its growth, technology, and market players' strategies.
- Enforcement of Strict Emission Laws: Governments across the globe are enforcing stricter emission laws for industries, including steel manufacturing. This is encouraging investments in cleaner production processes and the manufacture of low alloy steels made with lower carbon footprints.
- Growing Demand from Renewable Energy Industry: Growing renewable energy industry, especially wind and solar power, is generating higher demand for particular grades of low alloy steel applied in turbine towers, support structures, and solar panel mounting systems owing to their durability and strength.
- Technologies for Steel Processing: Developments in steel processing technologies, including improved rolling and heat treatment processes, are making it possible to produce low alloy steels with higher mechanical properties and enhanced surface finishes to suit high-end applications.
- Weldability and Formability of High-Strength Steels: Although high strength is a major requirement, recent advances also aim at enhancing the weldability and formability of advanced high-strength low alloy steels to enable their increased application in complex structural and automotive parts.
- Strategic Partnerships and Research Activities: Partnerships among steel producers, research centers, and consumers are growing to stimulate innovation in the development of low alloy steel, aimed at designing steel characteristics for individual purposes and resolving challenges facing the industry.
These latest developments are critically influencing the low alloy steel market by promoting cleaner production techniques, developing new markets of demand, improving material quality through high-technology processing, and collaborative innovation.
Strategic Growth Opportunities in the Low Alloy Steel Market
The low alloy steel market offers tremendous strategic growth prospects across major applications, fueled by infrastructure growth, automotive lightweighting, and the growing energy sector.
- Development of Infrastructure: The constant requirement for new and improved infrastructure such as bridges, buildings, and transportation systems provides ample opportunities for growth in the use of high-strength low alloy steels because of their capacity to impart strong and tough structures with minimized material consumption.
- Automotive Lightweighting: The relentless quest of the automotive sector for fuel efficiency and lower emissions is compelling the wider application of advanced high-strength low alloy steels in car bodies and chassis, providing steelmakers with the opportunity to create customized lightweighting solutions.
- Renewable Energy Infrastructure: Growth from the development of renewable energy projects, including wind farms and solar power plants, provides opportunities for certain grades of low alloy steel utilized in tower, foundation, and support structure construction requiring high strength and corrosion resistance.
- Pipelines for Oil and Gas: Oil and gas transport via pipelines require high-strength and corrosion-resistant low alloy steels for resisting high pressures and severe atmospheric conditions, an ongoing growth prospect.
- Building Equipment and Machines: Production of building equipment and machines necessitates tough and abrasion-resistant low alloy steels for structural members and heavy usage, a prospect for growth with the expansion in the construction industry worldwide.
These strategic growth areas in infrastructure, automotive, renewable energy, oil and gas pipeline, and construction equipment reflect the diverse and rising demand for low alloy steels in key industries fueling world development.
Low Alloy Steel Market Driver and Challenges
The low alloy steel market is affected by intricate dynamics of drivers that drive its expansion and limitations that can stop its growth and efficiency of operation. These dynamics include technological shifts, economic patterns, and regulation regimes.
The factors responsible for driving the low alloy steel market include:
1. Increasing Demand from End-Use Markets: The growing demand for high-performance materials by major end-use markets like automotive, construction, infrastructure, and energy is a major driver of the low alloy steel market.
2. Lightweighting and Fuel Efficiency Focus: The focus of the automotive sector on minimizing vehicle weight to enhance fuel efficiency and compliance with emission norms is propelling the use of advanced high-strength low alloy steels.
3. Urbanization and Infrastructure Development: The demand for infrastructure projects is driven by the necessity of strong and durable materials and the fast-paced urbanization in developing economies, which in turn are boosting the demand for high-strength low alloy steels in construction.
4. Tightening Environmental Regulations: Tightening environmental regulations are compelling the industry to develop more environmentally friendly steel production processes and utilize high-strength steels that minimize material use.
5. Technological Developments in Steelmaking: Ongoing developments in steelmaking technologies and alloying processes are facilitating the production of low alloy steels with improved properties and performance features.
Challenges in the low alloy steel market are:
1. Raw Material Price Volatility: Prices of raw materials like iron ore and alloying elements can be unpredictable and greatly influence the cost of production and profitability of low alloy steel producers.
2. Severe Substitution Competition: The market for low alloy steel is subject to competition from other materials such as aluminum, composites, and high-strength plastics, especially in weight-conscious applications.
3. High Carbon and Energy Consumption: Conventional steelmaking processes consume a lot of energy and generate high carbon emissions, which become a challenge amid increasing environmental pressures and regulations.
Overall, the low alloy steel market is led by increasing demand from strategic industries, lightweighting focus, infrastructure growth, environmental regulations, and progress in steelmaking technology. Nonetheless, problems in raw material price volatility, competition against substitutes, and the sustainability of steel production must be balanced for long-term market growth and sustainability.
List of Low Alloy Steel Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies low alloy steel companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the low alloy steel companies profiled in this report include-
- Aperam
- ArcelorMittal
- Baoshan Iron Steel
- HBIS Group
- Carpenter Technology
- Hyundai Steel
- JFE Steel
- Kobe Steel
- Nippon Steel
- Outokumpu
Low Alloy Steel Market by Segment
The study includes a forecast for the global low alloy steel market by product, end use, and region.
Low Alloy Steel Market by Product [Value from 2019 to 2031]:
- High-Strength Low Alloy Steel
- Quenched & Tempered Steel
- Weathering Steel
- Others
Low Alloy Steel Market by End Use [Value from 2019 to 2031]:
- Automotive
- Building & Construction
- Energy & Power
- Oil & Gas
- Others
Low Alloy Steel Market by Region [Value from 2019 to 2031]:
- North America
- Europe
- Asia Pacific
- The Rest of the World
Country Wise Outlook for the Low Alloy Steel Market
Recent trends in the low alloy steel market are marked by intense focus on strengthening material properties to meet challenging demands in infrastructure, automotive, and energy applications. Advances in alloying constituents and processing methods are resulting in stronger steels with better strength-to-weight ratios, corrosion resistance, and weldability. In addition, the market is progressively driven by sustainability efforts, which fuel research into high-strength low alloy (HSLA) steels that facilitate lighter construction and less material usage. Regulatory forces as well as changing industry standards are similarly influencing innovation and uptake of these new steel grades in major world economies.
- United States: The US low alloy steel market is driven by the growth of modernization projects on infrastructure and the demand by the automotive sector for lightweighting solutions. Some recent advancements involve the growing production and use of advanced high-strength low alloy (AHSS) steels in automobiles to enhance fuel efficiency and safety. Low alloy steels with improved corrosion resistance are also being developed for use in infrastructure projects in harsh environments.
- China: Being the largest producer of steel in the world, China is greatly influencing the market for low alloy steel through its huge investment in infrastructure and increasing automotive industry. Recent trends include the development of increased capacity in the production of high-strength low alloy steels and a drive towards enhanced quality and consistency of the steel to cater to both local and global markets. Environmental laws are also promoting the evolution of greener methods of steel production.
- Germany: Germany's low alloy steel industry is dominated by a high emphasis on high-grade and specialized uses, especially in the automotive and machinery industry. Some of the recent trends have involved the production of new high-strength steels that have superior formability and weldability for automotive lightweighting. Low alloy steel products also have a high emphasis on sustainable production and recyclability.
- India: India's fast-developing automotive and infrastructure industries are fueling high demand for low alloy steels. Recent trends have seen high-strength low alloy steel production domestically to serve these growing industries. There is also an emphasis on minimizing costs and creating steel grades favorable for various construction and manufacturing needs in the country.
- Japan: Japan's low alloy steel market is focused on high performance, strength, and specialized uses, especially in the automotive, shipbuilding, and construction machinery sectors. Recent trends involve the creation of ultra-high-strength low alloy steels with superior fatigue resistance and weldability.
Features of the Global Low Alloy Steel Market
Market Size Estimates: Low alloy steel market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2019 to 2024) and forecast (2025 to 2031) by various segments and regions.
Segmentation Analysis: Low alloy steel market size by product, end use, and region in terms of value ($B).
Regional Analysis: Low alloy steel market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different products, end uses, and regions for the low alloy steel market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the low alloy steel market.
Analysis of competitive intensity of the industry based on Porter's Five Forces model.
This report answers following 11 key questions:
- Q.1. What are some of the most promising, high-growth opportunities for the low alloy steel market by product (high-strength low alloy steel, quenched & tempered steel, weathering steel, and others), end use (automotive, building & construction, energy & power, oil & gas, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
- Q.2. Which segments will grow at a faster pace and why?
- Q.3. Which region will grow at a faster pace and why?
- Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
- Q.5. What are the business risks and competitive threats in this market?
- Q.6. What are the emerging trends in this market and the reasons behind them?
- Q.7. What are some of the changing demands of customers in the market?
- Q.8. What are the new developments in the market? Which companies are leading these developments?
- Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
- Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
- Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
Table of Contents
1. Executive Summary
2. Global Low Alloy Steel Market : Market Dynamics
- 2.1: Introduction, Background, and Classifications
- 2.2: Supply Chain
- 2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2019 to 2031
- 3.1. Macroeconomic Trends (2019-2024) and Forecast (2025-2031)
- 3.2. Global Low Alloy Steel Market Trends (2019-2024) and Forecast (2025-2031)
- 3.3: Global Low Alloy Steel Market by Product
- 3.3.1: High-Strength Low Alloy Steel
- 3.3.2: Quenched & Tempered Steel
- 3.3.3: Weathering Steel
- 3.3.4: Others
- 3.4: Global Low Alloy Steel Market by End Use
- 3.4.1: Automotive
- 3.4.2: Building & Construction
- 3.4.3: Energy & Power
- 3.4.4: Oil & Gas
- 3.4.5: Others
4. Market Trends and Forecast Analysis by Region from 2019 to 2031
- 4.1: Global Low Alloy Steel Market by Region
- 4.2: North American Low Alloy Steel Market
- 4.2.1: North American Market by Product: High-Strength Low Alloy Steel, Quenched & Tempered Steel, Weathering Steel, and Others
- 4.2.2: North American Market by End Use: Automotive, Building & Construction, Energy & Power, Oil & Gas, and Others
- 4.3: European Low Alloy Steel Market
- 4.3.1: European Market by Product: High-Strength Low Alloy Steel, Quenched & Tempered Steel, Weathering Steel, and Others
- 4.3.2: European Market by End Use: Automotive, Building & Construction, Energy & Power, Oil & Gas, and Others
- 4.4: APAC Low Alloy Steel Market
- 4.4.1: APAC Market by Product: High-Strength Low Alloy Steel, Quenched & Tempered Steel, Weathering Steel, and Others
- 4.4.2: APAC Market by End Use: Automotive, Building & Construction, Energy & Power, Oil & Gas, and Others
- 4.5: ROW Low Alloy Steel Market
- 4.5.1: ROW Market by Product: High-Strength Low Alloy Steel, Quenched & Tempered Steel, Weathering Steel, and Others
- 4.5.2: ROW Market by End Use: Automotive, Building & Construction, Energy & Power, Oil & Gas, and Others
5. Competitor Analysis
- 5.1: Product Portfolio Analysis
- 5.2: Operational Integration
- 5.3: Porter's Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
- 6.1: Growth Opportunity Analysis
- 6.1.1: Growth Opportunities for the Global Low Alloy Steel Market by Product
- 6.1.2: Growth Opportunities for the Global Low Alloy Steel Market by End Use
- 6.1.3: Growth Opportunities for the Global Low Alloy Steel Market by Region
- 6.2: Emerging Trends in the Global Low Alloy Steel Market
- 6.3: Strategic Analysis
- 6.3.1: New Product Development
- 6.3.2: Capacity Expansion of the Global Low Alloy Steel Market
- 6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Low Alloy Steel Market
- 6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
- 7.1: Aperam
- 7.2: ArcelorMittal
- 7.3: Baoshan Iron Steel
- 7.4: HBIS Group
- 7.5: Carpenter Technology
- 7.6: Hyundai Steel
- 7.7: JFE Steel
- 7.8: Kobe Steel
- 7.9: Nippon Steel
- 7.10: Outokumpu
