The global demand for Stainless Steel Market is presumed to reach the valuation of nearly USD XX MN by 2026 from USD XX MN in 2019 with a CAGR of XX% under the study period of 2020 - 2026. Whereas with regards to volume, the market was calculated XX Kilo Tons in 2019 and foreseen to touch XX Kilo Tons by 2026 with a CAGR of XX% during 2020-2026.
Stainless steel is the iron based alloy made up of iron, chromium, carbon, silicon, manganese, etc. in varied proportion. The chromium content of the different stainless steel types lies between 10%-30% of chromium which mainly imparts corrosion and heat resistance. Whereas, others elements are added to increase corrosion resistance, better resistance oxidation, and add new special characteristics. It is used in different applications such as surgical instruments, food processing tanks, claddings, door and window fittings, heat exchangers, oil tubular, furnace parts, boilers, household utensils, and electronic appliances.
Stainless steel is anti-corrosion, exhibits high toughness and ductility and require low maintenance, due to this properties, it is highly in demand from consumer goods and construction sector. Growing building and construction activities for residential, commercial, and public infrastructure is again demanding stainless steel. The above-mentioned properties of stainless steel have led to increased utilization of the product in consumer products such as showpiece, stoves and others, which in turn is expected to fuel the demand. Increasing automotive production especially in emerging economies of APAC and MEA further surge the stainless steel.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of stainless steel.
The entire stainless steel market has been sub-categorized into grade, product and application. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
- 200 Series
- 300 Series
- 400 Series
- Duplex Series
- Building & Construction
- Automotive & Transportation
- Consumer Goods
- Heavy Industry
This section covers regional segmentation which accentuates on current and future demand for stainless steel market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Stainless Steel Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the stainless steel market include Acerinox S.A., POSCO, Baosteel Group, Aperam Stainless, Jindal Stainless, Yieh United Steel Corp. (YUSCO), Outokumpu, thyssenkrupp Stainless GmbH, ArcelorMittal. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.