Stainless Steel

Stainless Steel Market is Estimated to be Valued at 168.24 Billion By 2027 Stainless Steel Market (By Product: Long and Flat; By Grade: Duplex Series, 400 Series, 300 Series, 200 Series, and Others; By Application: Automotive & Transportation, Building & Construction, Heavy Industry, Consumer Goods, and Others) - Global Market Size, Trends Analysis, Segment Forecasts, Regional Outlook 2020 - 2027

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The stainless steel market is expected to exhibit a CAGR of 5.84% from 2020 to 2027 and is projected to reach US$ 168.24 Billion by 2027, according to a 2021 study by Precedence Research, the Canada based market insight company.

The report contains 150+ pages with detailed analysis. The study provides the overall revenue of the global stainless steel market from 2016 to 2027, considering 2020 as the base year and 2027 as the forecast year.

The global stainless steel market research report gives a brief summary of definitions, size analysis, and place of production, sales, applications, types, and major players/key vendors of the stainless steel industry. The report presents fresh perspectives on opportunities and challenges in a significantly transformed post-COVID-19 marketplace. This research study also integrates Industry Chain analysis and Porter’s Five Forces Analysis. Further, this report offers a competitive scenario that comprises collaborations, market concentration rate and expansions, mergers & acquisitions undertaken by companies.

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Stainless steel refers to an iron alloy that has minimum 10.5% of chromium. Chromium produces a skinny layer of oxide on the steel’s surface commonly known as the ‘passive layer’. This prevents the steel from further corrosion of the surface. By increasing the amount of chromium in the stainless steel provides it an increased resistance to corrosion.

Stainless steel also contains different percentage of Silicon, Carbon, and Manganese. Other elements for example Molybdenum and Nickel may be added to the steel that imparts other useful properties such as increased corrosion resistance and enhanced formability.

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.

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.

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Top Players Contending in the Market:

The key companies are aiming towards advanced innovations and are predictable to dominate the target market. Foremost players inspiring in the global stainless steel market are as follows:

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

Market Segmentation

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

Regional Segmentation

  • North America (U.S. and Canada)
  • Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
  • Asia-Pacific (China, Japan, India, Southeast Asia and Rest of APAC)
  • Latin America (Brazil and Rest of Latin America)
  • Middle East and Africa (GCC, North Africa, South Africa, Rest of MEA)

Some of the key highlights covered in the report include:

Market Demand-Supply Analysis – The report covers detailed insights into demand and supply forces prevailing in the global stainless steel market. It examines trends and factors influencing demand for stainless steel globally and gauges the impact of the same on the production.

Pricing Analysis – The report presents an exclusive pricing analysis. It compares pricing strategies adopted by the leading market players and identifies the most remunerative strategies.

Market Segmentation – The report segments the global market in terms of diverse criteria. It identifies the leading segment within each category and identifies growth drivers and restraints affecting growth across each segment.

Regional Analysis – The report segments the market in terms of North America, Europe, Latin America, Asia Pacific, and Rest of the World in terms of region. It has chapters exclusively dedicated to analyzing growth trends across each region. It identifies growth drivers as well challenges affecting demand for stainless steel across the world.

Competitive Analysis – Some of the leading market players are profiled in the report on stainless steel. The report offers an estimation of share individually help by the market players and determines the impact of some of their popular strategies.

COVID-19 Impact Analysis – This chapter is exclusively dedicated to gauging how the market has evolved or will develop in the post-pandemic era.

Growth Recommendations – In the end, the report presents valuable recommendations to ready businesses for unforeseen challenges in the near future.

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 2020-2027 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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Precedence Research

Precedence Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Precedence Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings.

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