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Stainless Steel Market to Grow US$ 168.24 Billion by 2027

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The global Stainless Steel market size is expected to surpass around US$ 168.24 billion by 2027 and the market is expected to garner growth at a CAGR of 5.84% over the forecast period 2021 to 2027.

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Growth Factors

Properties such as ease of fabrication, low maintenance, and aesthetic appeal have boosted the preference for stainless steel over ordinary steel that is likely to impel the industry growth. Furthermore, increasing application of stainless steel in pre-engineered buildings for building system and roofing expected to propel the overall product demand over the analysis timeframe. It also safeguards the building system during unfavorable environmental conditions such as heavy rain, extreme cold & hot. Apart from this, increasing demand of steel from construction and automotive & transportation sectors projected to escalate the market growth over the forecast period.

Market Report Scope

Report Highlights Details
Market Size USD 168.24 Billion by 2027
Growth Rate CAGR of 5.84% from 2021 to 2027
Largest Market Asia Pacific
Fastest Growing Market North America
Base Year 2021
Forecast Period 2021 to 2027

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Market Overview

A recent study by Precedence Research on the Stainless Steel market offers a forecast for 2021 and 2027. The study analyzes crucial trends that are currently determining the growth of the Stainless Steel market. This report explicates on vital dynamics such as the drivers, restraints, and opportunities for key market players, along with key stakeholders as well as emerging players associated with the manufacturing of Stainless Steel. The study also provides the dynamics that are responsible for influencing the future status of the Stainless Steel market over the forecast period.

A detailed assessment of the Stainless Steel market value chain analysis, business execution, and supply chain analysis across regional markets has been covered in the report. A list of prominent companies operating in the Stainless Steel market along with their product portfolio enhances the reliability of this comprehensive research study.

Report Highlights

  • The Asia Pacific emerged as a global leader in terms of volume and revenue both due to increasing manufacturing activities along with foreign investments in the region
  • Europe and North America are among the significant value contributors as well as they exhibit lucrative growth over the forecast period due to rising consumer goods and construction industry in the regions
  • In 2019, flat products dominated the global stainless steel market because of increasing use of cold-rolled products
  • Long products segment projected to register an escalating growth of nearly 6.8% in terms of value over the forecast period due to the increasing infrastructure spending in various Asia Pacific regions
  • By grade, 200 series accounted for a significant volume share of nearly 17.5% in 2019 because of its increasing demand from consumer goods industry
  • Duplex series anticipated to grow at a prominent rate owing to its properties that include high strength, resistance to stress corrosion cracking, and lightweight
  • Based on application, heavy industry constitutes significant value share on a global scale owing to rising trend of renewable generation in the energy sector
  • Automotive & transportation is an important application segment that contributes significantly to the overall market revenue due to significant application of steel in manufacturing various automotive parts & components

Regional Snapshots

The Asia Pacific leads the global production of stainless steel with China alone accounting for nearly half of the global revenue in the year 2019. In addition, alone Asia Pacific contributes nearly 70% of global production of stainless steel across the globe. The aforementioned factor therefore excels the revenue gain of the region and projects it as a leading market in the stainless steel. In addition, rising Gross Domestic Product (GDP) along with the purchasing power of consumers expected to boost the growth of the region.

Besides this, North America analyzed to be the second fastest growing region in the market for stainless steel due to the flourishing growth of construction and consumer goods industries. Aging infrastructure remains a prime factor for the growth of construction industry in the region. As per the report published by the American Society of Civil Engineers in 2017, the U.S. received a D+ grade for its infrastructure along with this the region require to spend nearly USD 4.5 Trillion by 2025 for the infrastructure development.

OBJECTIVES OF THE STUDY

  • To analyze and forecast the electric motor market, in terms of value and volume
  • To provide information about the key factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)
  • To define, segment, and project the size of the global electric motor market on the product type, end-use and other segments
  • To project the size of the market, with respect to five main regions, namely, North America, Europe, Asia Pacific (APAC), the Middle East & Africa, and South America, with their key countries
  • To strategically analyze micro markets with respect to individual growth trends, growth prospects, and their contribution to the total market
  • To analyze opportunities in the market for stakeholders and provide a competitive landscape of the market leaders
  • To strategically profile key players and comprehensively analyze their core competencies
  • To track and analyze research & development (R&D) and competitive developments such as joint ventures, mergers & acquisitions, and new product developments in the electric motor market

Research Methodology

  • Market estimate for 2020
  • Average selling price (ASP) per region for specific product type
  • Filtrations and assortment of gathered data, to estimate the base year (2021) market size for the country
  • Gathering data from company websites, annual reports, white papers, financial reports, broker reports, investor presentations, and SEC filings
  • National government documents, statistical databases
  • News articles, press releases, and webcasts specific to companies operating in the market
  • Country wise analysis through internal and external proprietary databases, and relevant patent and regulatory databases
  • Determination of market penetration by country

Major Players Covered in this Report

The updated market research report on electric motor market allows the buyers and manufacturers to stay updated with the current market trends, ongoing happenings, and a clear picture on the market scenario. List of key players included in the research report will help the market vendors to know their market position and plan more operational strategies to gain topmost position among other players. The report offers crucial company information on each market player, such as company profile, financial information, and recently adopted growth strategies. This will help other existing players and the new entrants to plan strategies and establish their presence in the market.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

  • Company Overview
  • Company Market Share/Positioning Analysis
  • Product Offerings
  • Financial Performance
  • Recent Initiatives
  • Key Strategies Adopted by Players
  • Vendor Landscape
  • List of Suppliers
  • List of Buyers

Major key players operating in the market are

  • POSCO
  • Acerinox S.A.
  • Baosteel Group
  • Jindal Stainless
  • Aperam Stainless
  • Nippon Steel Corporation
  • Yieh United Steel Corp. (YUSCO)
  • ThyssenKrupp Stainless GmbH
  • Outokumpu
  • ArcelorMittal

Segments Covered in the Report

By Product

  • Long
  • Flat

By Grade

  • Duplex Series
  • 400 Series
  • 300 Series
  • 200 Series
  • Others

By Application

  • Automotive & Transportation
  • Building & Construction
  • Heavy Industry
  • Consumer Goods
  • Others

By Regional Outlook

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • France
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
  • Rest of the World

Why should you invest in this report?

If you are aiming to enter the global Stainless Steel market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for Stainless Steel are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2021-2027, so that you can plan your strategies to enter this market accordingly. Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.

TABLE OF CONTENT

Chapter 1. Introduction

1.1. Research Objective
1.2. Scope of the Study
1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope

4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis

Chapter 5. Market Dynamics Analysis and Trends

5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition

Chapter 6. Competitive Landscape

6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers

Chapter 7. Global Stainless Steel Market, By Product

7.1. Stainless Steel Market, by Product Type, 2020-2027
7.1.1. Long
7.1.1.1. Market Revenue and Forecast (2016-2027)
7.1.2. Flat
7.1.2.1. Market Revenue and Forecast (2016-2027)

Chapter 8. Global Stainless Steel Market, By Application

8.1. Stainless Steel Market, by Application, 2020-2027
8.1.1. Automotive & Transportation
8.1.1.1. Market Revenue and Forecast (2016-2027)
8.1.2. Building & Construction
8.1.2.1. Market Revenue and Forecast (2016-2027)
8.1.3. Heavy Industry
8.1.3.1. Market Revenue and Forecast (2016-2027)
8.1.4. Consumer Goods
8.1.4.1. Market Revenue and Forecast (2016-2027)
8.1.5. Others
8.1.5.1. Market Revenue and Forecast (2016-2027)

Chapter 9. Global Stainless Steel Market, By Grade

9.1. Stainless Steel Market, by Grade, 2020-2027
9.1.1. Duplex Series
9.1.1.1. Market Revenue and Forecast (2016-2027)
9.1.2. 400 Series
9.1.2.1. Market Revenue and Forecast (2016-2027)
9.1.3. 300 Series
9.1.3.1. Market Revenue and Forecast (2016-2027)
9.1.4. 200 Series
9.1.4.1. Market Revenue and Forecast (2016-2027)
9.1.5. Others
9.1.5.1. Market Revenue and Forecast (2016-2027)

Chapter 10. Global Stainless Steel Market, Regional Estimates and Trend Forecast

10.1. North America
10.1.1. Market Revenue and Forecast, by Product (2016-2027)
10.1.2. Market Revenue and Forecast, by Application (2016-2027)
10.1.3. Market Revenue and Forecast, by Grade (2016-2027)
10.1.4. U.S.
10.1.4.1. Market Revenue and Forecast, by Product (2016-2027)
10.1.4.2. Market Revenue and Forecast, by Application (2016-2027)
10.1.4.3. Market Revenue and Forecast, by Grade (2016-2027)
10.1.5. Rest of North America
10.1.5.1. Market Revenue and Forecast, by Product (2016-2027)
10.1.5.2. Market Revenue and Forecast, by Application (2016-2027)
10.1.5.3. Market Revenue and Forecast, by Grade (2016-2027)
10.2. Europe
10.2.1. Market Revenue and Forecast, by Product (2016-2027)
10.2.2. Market Revenue and Forecast, by Application (2016-2027)
10.2.3. Market Revenue and Forecast, by Grade (2016-2027)
10.2.4. UK
10.2.4.1. Market Revenue and Forecast, by Product (2016-2027)
10.2.4.2. Market Revenue and Forecast, by Application (2016-2027)
10.2.4.3. Market Revenue and Forecast, by Grade (2016-2027)
10.2.5. Germany
10.2.5.1. Market Revenue and Forecast, by Product (2016-2027)
10.2.5.2. Market Revenue and Forecast, by Application (2016-2027)
10.2.5.3. Market Revenue and Forecast, by Grade (2016-2027)
10.2.6. France
10.2.6.1. Market Revenue and Forecast, by Product (2016-2027)
10.2.6.2. Market Revenue and Forecast, by Application (2016-2027)
10.2.6.3. Market Revenue and Forecast, by Grade (2016-2027)
10.2.7. Rest of Europe
10.2.7.1. Market Revenue and Forecast, by Product (2016-2027)
10.2.7.2. Market Revenue and Forecast, by Application (2016-2027)
10.2.7.3. Market Revenue and Forecast, by Grade (2016-2027)
10.3. APAC
10.3.1. Market Revenue and Forecast, by Product (2016-2027)
10.3.2. Market Revenue and Forecast, by Application (2016-2027)
10.3.3. Market Revenue and Forecast, by Grade (2016-2027)
10.3.4. India
10.3.4.1. Market Revenue and Forecast, by Product (2016-2027)
10.3.4.2. Market Revenue and Forecast, by Application (2016-2027)
10.3.4.3. Market Revenue and Forecast, by Grade (2016-2027)
10.3.5. China
10.3.5.1. Market Revenue and Forecast, by Product (2016-2027)
10.3.5.2. Market Revenue and Forecast, by Application (2016-2027)
10.3.5.3. Market Revenue and Forecast, by Grade (2016-2027)
10.3.6. Japan
10.3.6.1. Market Revenue and Forecast, by Product (2016-2027)
10.3.6.2. Market Revenue and Forecast, by Application (2016-2027)
10.3.6.3. Market Revenue and Forecast, by Grade (2016-2027)
10.3.7. Rest of APAC
10.3.7.1. Market Revenue and Forecast, by Product (2016-2027)
10.3.7.2. Market Revenue and Forecast, by Application (2016-2027)
10.3.7.3. Market Revenue and Forecast, by Grade (2016-2027)
10.4. MEA
10.4.1. Market Revenue and Forecast, by Product (2016-2027)
10.4.2. Market Revenue and Forecast, by Application (2016-2027)
10.4.3. Market Revenue and Forecast, by Grade (2016-2027)
10.4.4. GCC
10.4.4.1. Market Revenue and Forecast, by Product (2016-2027)
10.4.4.2. Market Revenue and Forecast, by Application (2016-2027)
10.4.4.3. Market Revenue and Forecast, by Grade (2016-2027)
10.4.5. North Africa
10.4.5.1. Market Revenue and Forecast, by Product (2016-2027)
10.4.5.2. Market Revenue and Forecast, by Application (2016-2027)
10.4.5.3. Market Revenue and Forecast, by Grade (2016-2027)
10.4.6. South Africa
10.4.6.1. Market Revenue and Forecast, by Product (2016-2027)
10.4.6.2. Market Revenue and Forecast, by Application (2016-2027)
10.4.6.3. Market Revenue and Forecast, by Grade (2016-2027)
10.4.7. Rest of MEA
10.4.7.1. Market Revenue and Forecast, by Product (2016-2027)
10.4.7.2. Market Revenue and Forecast, by Application (2016-2027)
10.4.7.3. Market Revenue and Forecast, by Grade (2016-2027)
10.5. Latin America
10.5.1. Market Revenue and Forecast, by Product (2016-2027)
10.5.2. Market Revenue and Forecast, by Application (2016-2027)
10.5.3. Market Revenue and Forecast, by Grade (2016-2027)
10.5.4. Brazil
10.5.4.1. Market Revenue and Forecast, by Product (2016-2027)
10.5.4.2. Market Revenue and Forecast, by Application (2016-2027)
10.5.4.3. Market Revenue and Forecast, by Grade (2016-2027)
10.5.5. Rest of LATAM
10.5.5.1. Market Revenue and Forecast, by Product (2016-2027)
10.5.5.2. Market Revenue and Forecast, by Application (2016-2027)
10.5.5.3. Market Revenue and Forecast, by Grade (2016-2027)

Chapter 11. Company Profiles

11.1. POSCO
11.1.1. Company Overview
11.1.2. Product Offerings
11.1.3. Financial Performance
11.1.4. Recent Initiatives
11.2. Acerinox S.A.
11.2.1. Company Overview
11.2.2. Product Offerings
11.2.3. Financial Performance
11.2.4. Recent Initiatives
11.3. Baosteel Group
11.3.1. Company Overview
11.3.2. Product Offerings
11.3.3. Financial Performance
11.3.4. Recent Initiatives
11.4. Jindal Stainless
11.4.1. Company Overview
11.4.2. Product Offerings
11.4.3. Financial Performance
11.4.4. Recent Initiatives
11.5. Aperam Stainless
11.5.1. Company Overview
11.5.2. Product Offerings
11.5.3. Financial Performance
11.5.4. Recent Initiatives
11.6. Nippon Steel Corporation
11.6.1. Company Overview
11.6.2. Product Offerings
11.6.3. Financial Performance
11.6.4. Recent Initiatives
11.7. Yieh United Steel Corp. (YUSCO)
11.7.1. Company Overview
11.7.2. Product Offerings
11.7.3. Financial Performance
11.7.4. Recent Initiatives
11.8. ThyssenKrupp Stainless GmbH
11.8.1. Company Overview
11.8.2. Product Offerings
11.8.3. Financial Performance
11.8.4. Recent Initiatives
11.9. Outokumpu
11.9.1. Company Overview
11.9.2. Product Offerings
11.9.3. Financial Performance
11.9.4. Recent Initiatives
11.10. ArcelorMittal
11.10.1. Company Overview
11.10.2. Product Offerings
11.10.3. Financial Performance
11.10.4. Recent Initiatives

Chapter 12. Research Methodology

12.1. Primary Research
12.2. Secondary Research
12.3. Assumptions

Chapter 13. Appendix

13.1. About Us
13.2. Glossary of Terms

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