Stainless Steel Market Key Findings by 2031
The stainless steel market size is expected to grow from US$ 196,994.83 million in 2021 to US$ 266,781.48 million by 2031; it is estimated to grow at a CAGR of 4.5% from 2022 to 2031.
Stainless steel is an iron alloy comprising a minimum of 10.5% chromium. It is an engineering material characterized by high corrosion resistance, strength, and fabrication characteristics. In stainless steel, carbon, silicon, manganese, and other elements such as nickel and molybdenum are added to enhance useful properties such as formability and increased corrosion resistance. Stainless steel is used in industrial, architectural, chemical, and consumer applications. The major players in the stainless steel market are focusing on strategies such as mergers and acquisitions, as well as new product developments, to increase their geographic presence and consumer base globally.
In 2021, Asia Pacific held the largest revenue share of the stainless steel market. The stainless steel market growth in Asia Pacific is primarily attributed to the rapid industrial development in developed and developing countries. The building & construction sector in Asia Pacific is rapidly growing. Rapid urbanization in countries such as India, Japan, and Australia have led to infrastructural developments, which is further boosting the demand for stainless steel. Moreover, the region has a presence of major stainless steel manufacturers such as Acerinox S.A., Aperam S.A, ArcelorMittal S.A, Jindal Stainless Limited, Outokumpu OYJ, Sandmeyer steel company, and Sandvik AB.
Strategic Insights
Market Insights
Rapid Growth in Automotive Industry
Stainless steel has come to the forefront of the automotive design due to an increasing demand for safety combined with performance, efficiency, lightweight and strength. Due to the compelling properties of stainless steel such as cost-effective structural designs, durability and efficiency, it has become the primary choice in the automotive industry. The corrosion resistance property of stainless steel has been a significant reason for its application in the production of decorative wheel rims. Due to the lightweight property of stainless steel, it has been considered as a primary material in the construction of fuel tanks. The high strength stainless steel provides an opportunity to produce fuel tanks that are both lighter in weight and safer and also retain its inherent strength. The wall thickness of stainless steel fuel tanks can be significantly reduced as compared to multi-layer polymer counterparts that help in reducing the weight of the fuel tanks by approximately 3.5 kg. The easy molding capability of stainless steel helps in producing the fuel tanks of various shapes and sizes. Further, stainless steel is specially used in the production of high-performance cars.
Grade Insights
Based on grade, the global market is segmented into 200 series, 300 series, 400 series, and others. The stainless steel market share for the 300 series segment was largest in 2021. The 300 series grade of stainless steel has a chromium content of approximately 18–30% with a nickel content of 6–20% as the principal alloying additions. It is capable of maintaining high strength at high temperatures, resist corrosion and are convenient to maintain. The 300 series grade stainless steel with low carbon content is preferred for high ductility and heavy welding. The 300 series grade of stainless steel possesses excellent resistance in applications that involve external exposure to mildly corrosive conditions at ambient temperatures. It is well suited and recommended to all standard welding methods. The typical applications of the 300 series grade of stainless steel include rail car structural components that are usually roll-formed stretched or roll formed to profiles. The 300 series grade of stainless steel is also used in wiper blade holders and clips and also as automotive wheel covers.
Product Insights
Based on product, the global market is segmented into hot bars/wire rods, semis, cold bars/wire rods, cold-rolled flat, hot coils, and hot plate & sheet. The stainless steel market share for the cold rolled flat segment was largest in 2021. Cold-rolled flat is widely popular due to properties such as high strength, corrosion resistance, and resistance to high temperatures. Apart from these properties, the cold-rolled flat is gaining importance due to its excellent formability and minimal deviation in mechanical properties. The cold-rolled flat products are available in different sizes that range from 0.14 mm to 3.2 mm thickness and up to a width of 1,850 mm.
A few players operating in the global stainless steel market include Acerinox S.A., Aperam S.A, ArcelorMittal S.A, Jindal Stainless Limited, Outokumpu OYJ, Sandmeyer Steel Company, Sandvik AB, Schmolz + Bickenbach Group, Thyssenkrupp AG, and Guangxi Chengdu Group. Players operating in the stainless steel industry are focusing on providing high-quality products to fulfill customer demand. They are also focusing on strategies such as investments in research and development activities and new product launches.
Report Spotlights
- Progressive industry trends in the stainless steel market to help players develop effective long-term strategies
- Business growth strategies adopted by developed and developing markets
- Quantitative analysis of the global market from 2021 to 2031
- Estimation of global demand for stainless steel
- PEST analysis for each region
- Recent developments to understand the competitive market scenario
- Market trends and outlook, as well as factors driving and restraining the stainless steel market growth
- Assistance in decision-making process by highlighting market strategies that underpin commercial interest, leading to the market growth
- The stainless steel market size at various nodes
- Detailed overview and segmentation of the market, as well as the stainless steel industry dynamics
- Size of the stainless steel market in various regions with promising growth opportunities
Global Stainless Steel Market
The global stainless steel market is segmented by grade into 200 series, 300 series, 400 series, and others. The market is categorized by product into hot bars/wire rods, semis, cold bars/wire rods, cold-rolled flat, hot coils, and hot plate & sheet. By application, the stainless steel market is segmented into automotive & transportation, building & construction, consumer goods & other metal components, heavy industries, and electrical appliances.
Company Profiles
- Acerinox S.A.
- Aperam S.A
- ArcelorMittal S.A
- Jindal Stainless Limited
- Outokumpu OYJ
- Sandmeyer Steel Company
- Sandvik AB
- Schmolz + Bickenbach Group
- Thyssenkrupp AG
- Guangxi Chengdu Group
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Grade, Product, Application, and Geography
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Global Stainless Steel Market – By Grade
1.3.2 Global Stainless Steel Market – By Product
1.3.3 Global Stainless Steel Market – By Application
1.3.4 Global Stainless Steel Market – By Geography
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Stainless Steel Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 PEST Analysis North America Stainless Steel Market
4.2.2 PEST Analysis Europe Stainless Steel Market
4.2.3 PEST Analysis: APAC Stainless Steel Market
4.2.4 PEST Analysis: RoW Stainless Steel Market
4.3 Expert Opinions
5. Stainless Steel Market – Key Industry Dynamics
5.1 Key Market Drivers
5.1.1 Rapid growth in automotive industry
5.1.2 Increasing demand by the construction industry
5.2 Key Market Restraints
5.2.1 Glass Fiber Reinforced Polymer (GFRP) replacing stainless steel in automotive industry
5.3 Key Market Opportunities
5.3.1 Growing demand for steel and stainless steel scrap
5.4 Future Trends
5.4.1 Increasing focus towards low carbon stainless steel
5.5 Impact Analysis Of Drivers And Restraints
6. Stainless Steel– Global Market Analysis
6.1 Global Stainless Steel Market Overview
6.2 Global Stainless Steel Market Forecast and Analysis
6.3 Market Positioning – Global Market Players Ranking
7. Global Stainless Steel Market Analysis – By Grade
7.1 Overview
7.2 Global Stainless Steel Market Breakdown, By Grade, 2018 & 2027
7.3 400 Series
7.3.1 Overview
7.3.2 Global 400 Series Grade Stainless steel Market Revenue and Forecasts to 2027 (US$ MN)
7.4 300 Series
7.4.1 Overview
7.4.2 Global 300 Series Grade Stainless Steel Market Revenue and Forecasts to 2027 (US$ MN)
7.5 200 Series
7.5.1 Overview
7.5.2 Global 200 Series Grade Stainless Steel Market Revenue and Forecasts to 2027 (US$ MN)
7.6 Others
7.6.1 Overview
7.6.2 Global Others Grades Stainless steel Market Revenue and Forecasts To 2027 (US$ Mn)
8. Global Stainless Steel Market Analysis – By Product
8.1 Overview
8.2 Global Stainless Steel Market Breakdown, By Product, 2018 & 2027
8.3 Hot bars/ Wire Rods
8.3.1 Overview
8.3.2 Global Hot Bars/Wire Rods Market Revenue and Forecasts to 2027 (US$ Mn)
8.4 Semis
8.4.1 Overview
8.4.2 Global Semis Market Revenue and Forecasts to 2027 (US$ Mn)
8.5 Cold Bars/Wire Rods
8.5.1 Overview
8.5.2 Global Cold Bars/Wire Rods Market Revenue and Forecasts to 2027 (US$ Mn)
8.6 Cold-Rolled Flat
8.6.1 Overview
8.6.2 Global Cold-Rolled Flat Market Revenue and Forecasts to 2027 (US$ Mn)
8.7 Hot Coils
8.7.1 Overview
8.7.2 Global Hot Coils Revenue and Forecasts to 2027 (US$ Mn)
8.8 Hot Plate and Sheet
8.8.1 Overview
8.8.2 Global Hot Plate and Sheet Revenue and Forecasts to 2027 (US$ Mn)
9. Global Stainless Steel Market Analysis – By Application
9.1 Overview
9.2 Global Stainless Steel Market Breakdown, By Application, 2018 & 2027
9.3 Automotive and Transportation
9.3.1 Overview
9.3.2 Global Automotive and Transportation Market Revenue and Forecasts to 2027 (US$ Mn)
9.4 Building and Construction
9.4.1 Overview
9.4.2 Global Building and Construction Market Revenue and Forecasts to 2027 (US$ Mn)
9.5 Consumer Goods & Other Metal Components
9.5.1 Overview
9.5.2 Global Consumer Goods & Other Metal Components Market Revenue and Forecasts to 2027 (US$ Mn)
9.6 Heavy Industries
9.6.1 Overview
9.6.2 Global Heavy Industries Market Revenue and Forecasts to 2027 (US$ Mn)
9.7 Electrical Appliances
9.7.1 Overview
9.7.2 Global Electrical Machinery Market Revenue and Forecasts to 2027 (US$ Mn)
10. Stainless Steel Market – Geographical Analysis
10.1 Overview
10.2 North America Stainless Steel Market Revenue And Forecasts To 2027
10.2.1 North America Stainless Steel Market Volume and Revenue Forecasts to 2027 (US$ MN)
10.2.2 North America Stainless Steel Market Breakdown by Product
10.2.3 North America Stainless Steel Market Breakdown by Grade
10.2.4 North America Stainless Steel Market Breakdown by Application
10.2.5 North America Stainless steel Market Breakdown, by Key Countries
10.2.5.1 U.S. Stainless Steel Market Volume and Revenue Forecasts to 2027 (US$ MN)
10.2.5.1.1 US Stainless Steel Market Breakdown by Product
10.2.5.1.2 US Stainless Steel Market Breakdown by Grade
10.2.5.1.3 US Stainless Steel Market Breakdown by Application
10.2.5.2 Canada Stainless Steel Market Volume and Revenue Forecasts to 2027 (US$ MN )
10.2.5.2.1 Canada Stainless Steel Market Breakdown by Product
10.2.5.2.2 Canada Stainless Steel Market Breakdown by Grade
10.2.5.2.3 Canada Stainless Steel Market Breakdown by Application
10.2.5.3 Mexico Stainless Steel Market Volume and Revenue Forecasts to 2027 (US$ MN )
10.2.5.3.1 Mexico Stainless Steel Market Breakdown by Product
10.2.5.3.2 Mexico Stainless steel Market Breakdown by Grade
10.2.5.3.3 Mexico Stainless Steel Market Breakdown by Application
10.3 Europe Stainless Steel Market Revenue Forecasts To 2027
10.3.1 Europe Stainless Steel Market Volume and Revenue Forecasts to 2027 (US$ MN)
10.3.2 Europe Stainless Steel Market Breakdown by Product
10.3.3 Europe Stainless Steel Market Breakdown by Grade
10.3.4 Europe Stainless Steel Market Breakdown by Application
10.3.5 Europe Stainless Steel Market Breakdown, by Key Countries
10.3.5.1 Germany Stainless Steel Market Revenue Forecasts to 2027 (US$ MN)
10.3.5.1.1 Germany Stainless Steel Market Breakdown by Product
10.3.5.1.2 Germany Stainless Steel Market Breakdown by Grade
10.3.5.1.3 Germany Stainless Steel Market Breakdown by Application
10.3.5.2 France Stainless Steel Market Revenue Forecasts to 2027 (US$ MN)
10.3.5.2.1 France Stainless Steel Market Breakdown by Product
10.3.5.2.2 France Stainless Steel Market Breakdown by Grade
10.3.5.2.3 France Stainless Steel Market Breakdown by Application
10.3.5.3 UK Stainless Steel Market Revenue Forecasts to 2027 (US$ MN)
10.3.5.3.1 UK Stainless Steel Market Breakdown by Product
10.3.5.3.2 UK Stainless Steel Market Breakdown by Grade
10.3.5.3.3 UK Stainless Steel Market Breakdown by Application
10.3.5.4 Italy Stainless Steel Market Revenue Forecasts to 2027 (US$ MN )
10.3.5.4.1 Italy Stainless Steel Market Breakdown by Product
10.3.5.4.2 Italy Stainless Steel Market Breakdown by Grade
10.3.5.4.3 Italy Stainless Steel Market Breakdown by Application
10.3.5.5 Russia Stainless Steel Market Revenue Forecasts to 2027 (US$ MN)
10.3.5.5.1 Russia Stainless Steel Market Breakdown by Product
10.3.5.5.2 Russia Stainless Steel Market Breakdown by Grade
10.3.5.5.3 Russia Stainless Steel Market Breakdown by Application
10.3.5.6 Rest of Europe Stainless Steel Market Revenue Forecasts to 2027 (US$ MN)
10.3.5.6.1 Rest of Europe Stainless Steel Market Breakdown by Product
10.3.5.6.2 Rest of Europe Stainless Steel Market Breakdown by Grade
10.3.5.6.3 Rest of Europe Stainless Steel Market Breakdown by Application
10.4 APAC Stainless Steel Market Revenue And Forecasts To 2027
10.4.1 APAC Stainless Steel Market Revenue and Forecasts to 2027 (US$ Mn)
10.4.2 APAC Stainless Steel Market Breakdown by Grades
10.4.3 APAC Stainless Steel Market Breakdown by Product
10.4.4 APAC Stainless Steel Market Breakdown by Application
10.4.5 APAC Stainless Steel Market Breakdown, by Country
10.4.5.1 Taiwan Stainless Steel Market Revenue and Forecasts to 2027 (US$ MN )
10.4.5.1.1 Taiwan Stainless Steel Vessels Market Breakdown by Grades
10.4.5.1.2 Taiwan Stainless Steel Market Breakdown by Product
10.4.5.1.3 Taiwan Stainless Steel Market Breakdown by Application
10.4.5.2 China Stainless Steel Market Revenue and Forecasts to 2027 (US$ MN )
10.4.5.2.1 China Stainless Steel Market Breakdown by Grades
10.4.5.2.2 China Stainless Steel Market Breakdown by Product
10.4.5.2.3 China Stainless Steel Market Breakdown by Application
10.4.5.3 India Stainless Steel Market Revenue and Forecasts to 2027 (US$ MN )
10.4.5.3.1 India Stainless Steel Market Breakdown by Grades
10.4.5.3.2 India Stainless Steel Market Breakdown by Product
10.4.5.3.3 India Stainless Steel Market Breakdown by Application
10.4.5.4 Japan Stainless Steel Market Revenue and Forecasts to 2027 (US$ MN )
10.4.5.4.1 Japan Stainless Steel Market Breakdown by Grades
10.4.5.4.2 Japan Stainless Steel Market Breakdown by Product
10.4.5.4.3 Japan Stainless Steel Market Breakdown by Application
10.4.5.5 South Korea Stainless Steel Market Revenue and Forecasts to 2027 (US$ MN )
10.4.5.5.1 South Korea Stainless Steel Market Breakdown by Grades
10.4.5.5.2 South Korea Stainless Steel Market Breakdown by Product
10.4.5.5.3 South Korea Stainless Steel Market Breakdown by Application
10.4.5.6 Rest of APAC Stainless Steel Market Revenue and Forecasts to 2027 (US$ MN )
10.4.5.6.1 Rest of APAC Stainless Steel Market Breakdown by Grades
10.4.5.6.2 Rest of APAC Stainless Steel Market Breakdown by Product
10.4.5.6.3 Rest of APAC Stainless Steel Market Breakdown by Application
10.5 RoW Stainless Steel Market Revenue and Forecasts To 2027
10.5.1 RoW Stainless Steel Market Revenue and Forecasts to 2027 (US$ MN)
10.5.2 RoW Stainless Steel Market Breakdown by Grades
10.5.3 RoW Stainless Steel Market Breakdown by Product
10.5.4 RoW Stainless Steel Market Breakdown by Application
10.5.5 RoW Stainless Steel Market Breakdown, by Country
10.5.5.1 Brazil Stainless Steel Market Revenue and Forecasts to 2027 (US$ MN )
10.5.5.1.1 Brazil Stainless Steel Market Breakdown by Grades
10.5.5.1.2 Brazil Stainless Steel Market Breakdown by Product
10.5.5.1.3 Brazil Stainless Steel Market Breakdown by Application
10.5.5.2 South Africa Stainless Steel Market Revenue and Forecasts to 2027 (US$ MN )
10.5.5.2.1 South Africa Stainless Steel Market Breakdown by Grades
10.5.5.2.2 South Africa Stainless Steel Market Breakdown by Product
10.5.5.2.3 South Africa Stainless Steel Market Breakdown by Application
10.5.5.3 UAE Stainless Steel Market Revenue and Forecasts to 2027 (US$ MN )
10.5.5.3.1 UAE Stainless Steel Market Breakdown by Grades
10.5.5.3.2 UAE Stainless Steel Market Breakdown by Product
10.5.5.3.3 UAE Stainless Steel Market Breakdown by Application
10.5.5.4 Rest of RoW Stainless Steel Market Revenue and Forecasts to 2027 (US$ MN )
10.5.5.4.1 Rest of RoW Stainless Steel Market Breakdown by Grades
10.5.5.4.2 Rest of RoW Stainless Steel Market Breakdown by Product
10.5.5.4.3 Rest of RoW Stainless Steel Market Breakdown by Application
11. Industry Landscape
11.1 Merger & Acquisition
11.2 New Development
11.3 Strategy And Business Planning
12. Company Profiles
12.1 Acerinox S.A.
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Aperam S.A.
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 ArcelorMittal S.A
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Jindal Stainless Limited
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Outokumpu OYJ
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Sandmeyer Steel Company
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Sandvik AB
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Schmolz + Bickenbach Group
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.9 Thyssenkrupp AG
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.10 Guangxi Chengdu Group
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.11 Glossary
LIST OF TABLES
Table 1. Global Stainless Steel Market Revenue Forecasts to 2027 (US$ Mn)
Table 2. North America Stainless Steel Market Revenue And Forecasts To 2027 – By Product (US$ Mn)
Table 3. North America Stainless Steel Market Revenue And Forecasts To 2027 – By Grade (US$ Mn)
Table 4. North America Stainless Steel Market Revenue And Forecasts To 2027 – By Application (US$ Mn)
Table 5. US Stainless Steel Market Revenue And Forecasts To 2027 – By Product (US$ Mn)
Table 6. US Stainless Steel Market Revenue And Forecasts To 2027 – By Grade (US$ Mn)
Table 7. US Stainless Steel Market Revenue And Forecasts To 2027 – By Application (US$ Mn)
Table 8. Canada Stainless Steel Market Revenue And Forecasts To 2027 – By Product (US$ Mn)
Table 9. Canada Stainless Steel Market Revenue And Forecasts To 2027 – By Grade (US$ Mn)
Table 10. Canada Stainless Steel Market Revenue And Forecasts To 2027 – By Application (US$ Mn)
Table 11. Mexico Stainless steel Market Revenue And Forecasts To 2027 – By Product (US$ Mn)
Table 12. Mexico Stainless steel Market Revenue And Forecasts To 2027 – By Grade (US$ Mn)
Table 13. Mexico Stainless Steel Market Revenue And Forecasts To 2027 – By Application (US$ Mn)
Table 14. Europe Stainless Steel Market Revenue And Forecasts To 2027 – By Product (US$ Mn)
Table 15. Europe Stainless Steel Market Revenue And Forecasts To 2027 – By Grade (US$ Mn)
Table 16. Europe Stainless steel Market Revenue And Forecasts To 2027 – By Application (US$ Mn)
Table 17. Germany Stainless Steel Market Revenue And Forecasts To 2027 – By Product (US$ Mn)
Table 18. Germany Stainless Steel Market Revenue And Forecasts To 2027 – By Grade (US$ Mn)
Table 19. Germany Stainless Steel Market Revenue And Forecasts To 2027 – By Application (US$ Mn)
Table 20. France Stainless Steel Market Forecasts To 2027 – By Product (US$ Mn)
Table 21. France Stainless Steel Market Revenue Forecasts To 2027 – By Grade (US$ Mn)
Table 22. France Stainless Steel Market Forecasts To 2027 – By Application (US$ Mn)
Table 23. UK Stainless Steel Market Revenue And Forecasts To 2027 – By Product (US$ Mn)
Table 24. UK Stainless Steel Market Revenue Forecasts To 2027 – By Grade (US$ Mn)
Table 25. UK Stainless Steel Market Forecasts To 2027 – By Application (US$ Mn)
Table 26. Italy Stainless Steel Market Revenue Forecasts To 2027 – By Product (US$ Mn)
Table 27. Italy Stainless Steel Market Revenue And Forecasts To 2027 – By Grade (US$ Mn)
Table 28. Italy Stainless Steel Market Forecasts To 2027 – By Application (US$ Mn)
Table 29. Russia Stainless Steel Market Revenue Forecasts To 2027 – By Product (US$ Mn)
Table 30. Russia Stainless Steel Market Revenue Forecasts To 2027 – By Grade (US$ Mn)
Table 31. Russia Stainless Steel Market Forecasts To 2027 – By Application (US$ Mn)
Table 32. Rest of Europe Stainless Steel Market Revenue Forecasts To 2027 – By Product (US$ Mn)
Table 33. Rest of Europe Stainless Steel Market Revenue Forecasts To 2027 – By Grade (US$ Mn)
Table 34. Rest of Europe Stainless Steel Market Forecasts To 2027 – By Application (US$ Mn)
Table 35. APAC Stainless Steel Market Revenue And Forecasts To 2027 – By Grades (US$ Mn)
Table 36. APAC Stainless Steel Market Revenue And Forecasts To 2027 – By Product (US$ Mn)
Table 37. APAC Stainless Steel Market Revenue And Forecasts To 2027 – By Application (US$ Mn)
Table 38. Taiwan Stainless Steel Market Revenue and Forecasts To 2027 – By Grades (US$ Mn)
Table 39. Taiwan Stainless Steel Market Revenue And Forecasts To 2027 – By Product (US$ Mn)
Table 40. Taiwan Stainless Steel Market Revenue And Forecasts To 2027 – By Application (US$ Mn)
Table 41. China Stainless Steel Market Revenue and Forecasts To 2027 – Grades (US$ Mn)
Table 42. China Stainless Steel Market Revenue And Forecasts To 2027 – By Product (US$ Mn)
Table 43. China Stainless Steel Market Revenue And Forecasts To 2027 – By Application (US$ Mn)
Table 44. India Stainless Steel Market Revenue and Forecasts to 2027 – By Grades (US$ Mn)
Table 45. India Stainless Steel Market Revenue and Forecasts To 2027 – By Product (US$ Mn)
Table 46. India Stainless Steel Market Revenue and Forecasts To 2027 – By Application (US$ Mn)
Table 47. Japan Stainless Steel Market Revenue and Forecasts To 2027 – By Grades (US$ Mn)
Table 48. Japan Stainless Steel Market Revenue and Forecasts To 2027 – By Product (US$ Mn)
Table 49. Japan Stainless Steel Market Revenue and Forecasts To 2027 – By Application (US$ Mn)
Table 50. South Korea Stainless Steel Market Revenue and Forecasts To 2027 – By Grades (US$ Mn)
Table 51. South Korea Stainless Steel Market Revenue and Forecasts To 2027 – By Product (US$ Mn)
Table 52. South Korea Stainless Steel Market Revenue and Forecasts To 2027 – By Application (US$ Mn)
Table 53. Rest Of APAC Stainless Steel Market Revenue and Forecasts To 2027 – By Grades (US$ Mn)
Table 54. Rest Of APAC Stainless Steel Market Revenue and Forecasts To 2027 – By Product (US$ Mn)
Table 55. Rest Of APAC Stainless Steel Market Revenue and Forecasts To 2027 – By Application (US$ Mn)
Table 56. RoW Stainless Steel Market Revenue and Forecasts To 2027 – By Grades (US$ Mn)
Table 57. RoW Stainless Steel Market Revenue and Forecasts To 2027 – By Product (US$ Mn)
Table 58. RoW Stainless Steel Market Revenue and Forecasts To 2027 – By Application (US$ Mn)
Table 59. Brazil Stainless Steel Market Revenue and Forecasts To 2027 – By Grades (US$ Mn)
Table 60. Brazil Stainless Steel Market Revenue and Forecasts To 2027 – By Product (US$ Mn)
Table 61. Brazil Stainless Steel Market Revenue and Forecasts To 2027 – By Application (US$ Mn)
Table 62. South Africa Stainless Steel Market Revenue and Forecasts To 2027 – By Grades (US$ Mn)
Table 63. South Africa Stainless Steel Market Revenue and Forecasts To 2027 – By Product (US$ Mn)
Table 64. South Africa Stainless Steel Market Revenue and Forecasts To 2027 – By Application (US$ Mn)
Table 65. UAE Stainless Steel Market Revenue and Forecasts To 2027 – By Grades (US$ Mn)
Table 66. UAE Stainless Steel Market Revenue and Forecasts To 2027 – By Product (US$ Mn)
Table 67. UAE Stainless Steel Market Revenue and Forecasts To 2027 – By Application (US$ Mn)
Table 68. Rest of RoW Stainless Steel Market Revenue and Forecasts To 2027 – By Grades (US$ Mn)
Table 69. Rest of RoW Stainless Steel Market Revenue And Forecasts To 2027 – By Product (US$ Mn)
Table 70. Rest of RoW Stainless Steel Market Revenue And Forecasts To 2027 – By Application (US$ Mn)
Table 71. Glossary of Terms, Global Stainless Steel Market
LIST OF FIGURES
Figure 1. Stainless Steel Market Segmentation
Figure 2. Stainless Steel Market Segmentation – By Region
Figure 3. Global Stainless Steel Market Overview
Figure 4. Automotive and Transportation Segment Is Expected To Show Remarkable Traction During The Forecast Period
Figure 5. Asia Pacific Region Held Largest Share In The Global Stainless Steel market
Figure 6. Global Stainless Steel Market, Industry Landscape
Figure 7. North America PEST Analysis
Figure 8. Europe – PEST Analysis
Figure 9. PEST Analysis for APAC Stainless Steel Market
Figure 10. PEST Analysis for RoW Stainless Steel Market
Figure 11. Expert Opinion
Figure 12. Stainless steel Market Impact Analysis Of Driver And Restraints
Figure 13. Global Stainless Steel market
Figure 14. Global Stainless Steel Market Forecast and Analysis, (US$ Mn)
Figure 15. Global Stainless Steel Market Breakdown by Grade, Value, 2018 & 2027 (%)
Figure 16. Global 400 Series Stainless steel Market Revenue and Forecasts To 2027 (US$ Mn)
Figure 17. Global 300 Series Stainless steel Market Revenue and Forecasts To 2027 (US$ Mn)
Figure 18. Global 200 Series Stainless steel Market Revenue and Forecasts To 2027 (US$ Mn)
Figure 19. Global Other Grades Stainless steel Market Revenue and Forecasts To 2027 (US$ Mn)
Figure 20. Global Stainless steel Market Breakdown by Product, By Value, 2018 & 2027 (%)
Figure 21. Global Hot Bars/Wire Rods Market Revenue and Forecasts To 2027 (US$ Mn)
Figure 22. Global Semis Market Revenue and Forecasts To 2027 (US$ Mn)
Figure 23. Global Cold Bars/Wire Rods Market Revenue and Forecasts To 2027 (US$ Mn)
Figure 24. Global Cold-Rolled Flat Market Revenue and Forecasts To 2027 (US$ Mn)
Figure 25. Global Hot Coils Market Revenue and Forecasts To 2027 (US$ Mn)
Figure 26. Global Hot Plate and Sheet Market Revenue and Forecasts To 2027 (US$ Mn)
Figure 27. Global Stainless steel Market Breakdown by Application, By Value, 2018 & 2027 (%)
Figure 28. Global Automotive and Transportation Market Revenue and Forecasts To 2027 (US$ Mn)
Figure 29. Global Building and Construction Revenue and Forecasts To 2027 (US$ Mn)
Figure 30. Global Consumer Goods & Other Metal Components Market Revenue and Forecasts To 2027 (US$ Mn)
Figure 31. Global Heavy Industries Market Revenue and Forecasts To 2027 (US$ Mn)
Figure 32. Global Electrical Machinery Market Revenue and Forecasts To 2027 (US$ Mn)
Figure 33. Stainless steel Market, Global Breakdown by Regions, 2018 & 2027 (%)
Figure 34. North America Stainless Steel Market Revenue And Forecasts To 2027 (US$ Mn)
Figure 35. North America Stainless Steel Market Breakdown by Product, 2018 & 2027 (%)
Figure 36. North America Stainless Steel Market Breakdown by Grade, 2018 & 2027 (%)
Figure 37. North America Stainless Steel Market Breakdown by Application, 2018 & 2027 (%)
Figure 38. North America Stainless Steel Market Breakdown by Key Countries, 2018 & 2027(%)
Figure 39. U.S. Stainless Steel Market Revenue And Forecasts To 2027 (US$ Mn)
Figure 40. Canada Stainless Steel Market Revenue And Forecasts To 2027 (US$ Mn)
Figure 41. Mexico Stainless Steel Market Revenue And Forecasts To 2027 (US$ Mn)
Figure 42. Europe Stainless Steel Market Revenue And Forecasts To 2027 (US$ Mn)
Figure 43. Europe Stainless steel Market Breakdown by Product, 2018 & 2027 (%)
Figure 44. Europe Stainless Steel Market Breakdown by Grade, 2018 & 2027 (%)
Figure 45. Europe Stainless steel Market Breakdown by Application, 2018 & 2027 (%)
Figure 46. Europe Stainless steel Market Breakdown by Key Countries, 2018 & 2027(%)
Figure 47. Germany Stainless Steel Market Revenue Forecasts To 2027 (US$ Mn)
Figure 48. France Stainless Steel Market Revenue Forecasts To 2027 (US$ Mn)
Figure 49. UK Stainless Steel Market Revenue Forecasts To 2027 (US$ Mn)
Figure 50. Italy Stainless Steel Market Revenue Forecasts To 2027 (US$ Mn)
Figure 51. Russia Stainless Steel Market Revenue Forecasts To 2027 (US$ Mn)
Figure 52. Rest of Europe Stainless Steel market Revenue Forecasts To 2027 (US$ Mn)
Figure 53. APAC Stainless Steel Market Revenue And Forecasts To 2027 (US$ Mn)
Figure 54. APAC Stainless Steel Market Breakdown by Grades, 2018 & 2027 (%)
Figure 55. APAC Stainless Steel Market Breakdown by Product, 2018 & 2027 (%)
Figure 56. APAC Stainless Steel Market Breakdown by Application, 2018 & 2027 (%)
Figure 57. APAC Stainless Steel Market Breakdown by Country, 2018 & 2027(%)
Figure 58. Taiwan Stainless Steel Market Revenue and Forecasts To 2027 (US$ MN)
Figure 59. China Stainless Steel Market Revenue and Forecasts To 2027 (US$ MN)
Figure 60. India Stainless Steel Market Revenue and Forecasts To 2027 (US$ MN)
Figure 61. Japan Stainless Steel Market Revenue and Forecasts To 2027 (US$ MN)
Figure 62. South Korea Stainless Steel Market Revenue and Forecasts To 2027 (US$ MN)
Figure 63. Rest Of APAC Stainless Steel Market Revenue and Forecasts To 2027 (US$ MN)
Figure 64. RoW Stainless Steel Market Revenue and Forecasts To 2027 (US$ Mn)
Figure 65. RoW Stainless Steel Market Breakdown by Grades 2018 & 2027 (%)
Figure 66. RoW Stainless Steel Market Breakdown by Product, 2018 & 2027 (%)
Figure 67. RoW Stainless Steel Market Breakdown by Application, 2018 & 2027 (%)
Figure 68. RoW Stainless Steel Market Breakdown by Country, 2018 & 2027(%)
Figure 69. Brazil Stainless Steel Market Revenue and Forecasts To 2027 (US$ Mn)
Figure 70. South Africa Stainless Steel Market Revenue and Forecasts To 2027 (US$ Mn)
Figure 71. UAE Stainless Steel Market Revenue and Forecasts To 2027 (US$ Mn)
Figure 72. Rest of RoW Stainless Steel Market Revenue and Forecasts To 2027 (US$ Mn)
The List of Companies
- Acerinox S.A
- Aperam S.A.
- ArcelorMittal S.A
- Jindal Stainless Limited.
- Outokumpu OYJ
- Sandmeyer Steel Company
- Sandvik AB.
- Schmolz + Bickenbach Group
- Thyssenkrupp AG
- Guangxi Chengdu Group
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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