Stainless Steel Market Size, Share & Trends Report

Stainless Steel Market Size, Share & Trends Analysis Report By Grade (300 Series, Duplex Series), By Product (Flat, Long), By Application (Building & Construction, Consumer Goods), By Region, And Segment Forecasts, 2024 - 2030

  • Report ID: 978-1-68038-945-6
  • Number of Report Pages: 133
  • Format: PDF, Horizon Databook
  • Historical Range: 2018 - 2023
  • Forecast Period: 2024 - 2030 
  • Industry: Advanced Materials
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GVR Report cover Stainless Steel Market Size, Share & Trends Report

Stainless Steel Market Size, Share & Trends Analysis Report By Grade (300 Series, Duplex Series), By Product (Flat, Long), By Application (Building & Construction, Consumer Goods), By Region, And Segment Forecasts, 2024 - 2030

  • Report ID: 978-1-68038-945-6
  • Number of Report Pages: 133
  • Format: PDF, Horizon Databook
  • Historical Range: 2018 - 2023
  • Forecast Period: 2024 - 2030 
  • Industry: Advanced Materials

Stainless Steel Market Size & Trends

The global stainless steel market size was estimated at USD 117.63 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 6.7% from 2024 to 2030. Private and public investments in infrastructure, as well as residential housing are likely to provide a boost to stainless steel (SS) demand. Stainless steel is an important material in industrial applications, such as building & construction, infrastructure, railways, automotive & transportation, and process industries. Stainless steel has a unique edge over carbon steel as it has a combination of properties, such as pliability, strength, corrosion resistance, aesthetic properties, low maintenance cost, and average product life cycle.

U.S. stainless steel market size and growth rate, 2024 - 2030

These properties along with increasing penetration in numerous applications is anticipated to drive market growth. The U.S. market growth is expected to be driven by demand in mechanical, chemical, and energy applications. These applications are diverse in range and include the oil industry’s tubulars, heat exchangers, heat vessels, boiler used in power plants, furnace plants, and components used in processing machineries of pulp & paper, chemical and food & beverage industries. Building & construction is one of the important product applications. The segment accounted for a volume share of 11.3% in overall U.S. stainless steel market demand.

For structural purpose, SS products are used in beams, columns, and general architectural applications. It is used in railings, roofing, lifts, staircases, swimming pool shades, canopies, and atriums among others. In November, the Biden government introduced USD 2 trillion plan for infrastructure. It includes heavy fund allocation for repair and renovation of bridges, highways, EV charging facilities, airports, water infrastructure, communication networks, high-speed internets, clean energy & environment, and carbon reduction. This plan is likely to assist the SS demand for structural applications in infrastructure and construction.

Stainless steel market prices are highly influenced by factors such as shipping & labor costs, currency fluctuations, elasticity of demand & supply, and trade-related tariffs. Since 2023, various geopolitical conflicts in Eastern Europe, Western Asia and Horn of Africa have strained routes of shipping, thereby increasing freight costs, which in turn have added to soaring stainless steel prices. 

Market Concentration & Characteristics

Market growth is driven by rising investments in the real estate sector, especially for the non-residential segment. This leads end-users to spend increasingly on pipes & fittings, HVAC system, cookware’s, plates, other products, such as staircase to enhance aesthetic appeal of their homes.

With growing demand patterns, companies such as Jindal Steel and Daido Steel are increasing their production capacities. Moreover, the industry is largely characterized by dominance of regional players, leading within their respective regional markets.

Stainless Steel Market Concentration & Characteristics

Governments of different countries across the world are providing subsidies to consumers to renovate or construct new houses. For instance, in November 2020, government of Italy introduced a policy, Superbonus. According to this policy, the Italy’s federal government is paying 110% of the building cost to make existing residences eco-friendly. The initiative has a maximum cap of approximately USD 110.41 thousand (EUR 100 thousand) per home and the entire project cost the government approximately USD 9.94 billion (EUR 9 billion) in 2021.

In addition, stainless steel manufacturers are largely supported by their local governments in the form of subsidies, specialized policies for clearances, and other economic incentives, as steel manufacturing acts as a strategic tool for nation building. For example, in July 2023, Govt. of India’s Union Ministry of Steel has announced a new stainless steel policy with an aim to increase the country's domestic capacity to 30 million tons per year from the current levels of 6.6 million tons.

Market Dynamics

Market growth is driven by rising investments in the real estate sector, especially for the non-residential segment. This leads end-users to spend increasingly on pipes & fittings, HVAC system, cookware’s, plates, other products, such as staircase to enhance aesthetic appeal of their homes. Governments of different countries across the world are providing subsidies to consumers to renovate or construct new houses. For instance, in November 2020, government of Italy introduced a policy, Superbonus. According to this policy, the government of the country is paying 110% of the building cost to make existing residences eco-friendly. The initiative has a maximum cap of approximately USD 110.41 thousand (EUR 100 thousand) per home and the entire project costed the government approximately USD 9.94 billion (EUR 9 billion) in 2021.

Grade Insights

The 300 series segment held the largest share of over 59.0% in 2023. Grade 303 in the series is used almost entirely for every part requiring polishing, grinding, and machining where good corrosion resistance is also compulsory. Its non-galling and non-seizing properties make it ideal for moving parts. Being an austenitic steel, it is very useful where low magnetic permeability is preferred. It has fairly good forming properties used for aircraft parts, as well as gears, valve trim, shafts, valves, and all types of screw machine products. It is also required for architectural purposes. Grade 304 in 300 series is specifically suited for all kinds of dairy equipment including containers, sterilizers, milking machines, homogenizers, and storage & hauling tanks, including railroad cars, milk trucks, valves, and piping.

This 18-8 alloy is similarly operative in the brewing business where it is used in storage & railway cars, fermentation vats, yeast pans, and pipelines. Duplex stainless steel market segment is anticipated to grow at the highest CAGR of 8.5% from 2024 to 2030, in terms of stainless steel market value. Superior product properties, such as high strength, low weight, and high corrosion resistance, particularly stress corrosion cracking, is anticipated to drive product demand over forecast period. The product finds applications in the pharma, oil & gas, water desalination, and chemical & petrochemical industries.

Product Insights

Flat products accounted for a revenue share of more than 73% in 2023 and is likely to dominate the market over the forecast period. Flat products mainly include sheets/coil and plates. SS flat products are widely used in mechanical parts and industrial tools along with construction and structural applications. These products are hot-rolled and cold-rolled and have properties, such as corrosion resistance, high strength, and great thickness. Demand for SS products is likely to be driven by growth of the automotive and transportation industries. Railways is one of the important applications, wherein corten steel is being replaced by SS for coaches.

This was mainly due to energy absorption capacity and high strength-to-weight ratio to improve crash effectiveness of coach. Long products are widely used in industries, such as textile, automotive, defense, shipbuilding, cement, fabrication, paper & pulp, and earth-moving machinery. Rounds bar is an important product in this category and can easily be machined and bent as per requirement. These products are used in grills, fasteners, and machining applications along with the production of parts for automotive and machinery & equipment.

Application Insights

The consumer goods segment dominated the market and accounted for the largest revenue share of over 37% in 2023. The segment is projected to grow owing to increasing demand for washing machine & fridge parts, sinks, utensils, and many more. Characteristics, such as easy fabrication, corrosion resistance, and aesthetic appeal, are likely to contribute to the demand for consumer goods; thus, positively influencing market growth. Building & construction (B&C) segment witnessed a sizable impact in 2020 due to the COVID-19 pandemic. Factors, such as global financial crunch, supply disruptions, and global demand have affected market dynamics in the B&C sector in recent times.

Global stainless steel market share and size, 2023

For instance, as per data released EUROCONSTRUCT, construction output in European countries witnessed a decline of 5.1% in 2020 from the previous year. The automotive & transportation segment also observed a significant decline in 2020, in terms of automotive production and sales. For instance, global automobile production declined by 16% in 2020 as per the International Organization of Motor Vehicle Manufacturers (OICA). Since 2023, the sector has been gaining momentum and recovering from  semiconductor shortages & consequent lag in production, with demand arising from passenger vehicle sales. Automotive stainless steel tubes, forged components, gaskets and other structural parts are expected to generate demand in the observable future.

Regional Insights

Asia Pacific dominated the market and held a revenue share of over 68.0% in 2023 owing to rapidly expanding defense, machinery, automotive, and shipbuilding industries in countries, such as India, China, South Korea, and Japan. Foreign direct investment (FDI) in energy and infrastructure is likely to provide opportunities for market vendors. An increasing share of India and ASEAN countries in the demand for SS is likely to contribute to the expansion of Asia Pacific stainless steel market. Per capita consumption in India, Vietnam, Thailand, and Indonesia is gradually increasing, which is likely to remain a key contributing factor for market growth.Traditionally, China stainless steel market was driven by high demand in infrastructure applications, increasing usage in the production of automotive components, electronics and consumer products.

Stainless Steel Market Trends, by Region, 2024 - 2030

In addition, the expansion of cold-rolled facilities is also expected to remain a vital factor for growth of the market. In terms of revenue, Europe is likely to grow at a CAGR of over 6.0% from 2024 to 2030. Since the commencement of operations in 2021 post-pandemic, market in Europe witnessed recovery. For instance, as per the International Stainless Steel Forum (ISSF), SS melt shop production increased by around 11% on a y-o-y basis, through first quarter of 2021. Increasing application in pre-engineered buildings is likely to drive market growth over coming years.

Key Companies & Market Share Insights

Key companies are adopting several organic and inorganic growth strategies, such as capacity expansion, mergers & acquisitions, and joint ventures, to maintain and expand their market share. For instance, in February 2021, the company announced a capex plan for its Odisha SS plant worth INR. 2000-3000 crore (~ USD 261.8-392.7 million) over the next few years.

  • In July 2023, Jindal Stainless (JSL) has acquired 74% stake in Jindal United Steel Limited (JUSL), with JUSL becoming a 100% owned subsidiary of JSL. The company earlier owned 26% equity in JUSL, which has a 1.6 million ton per year hot strip mill capacity and a cold rolling capacity of 0.2 million tons per year.

  • In April 2023, Jindal Stainless has completed the capacity expansion of its Jajpur plant. Nameplate capacity has increased to 2.1 million tons per year from 1.1 million tons per year

Key Stainless Steel Companies:

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

Stainless Steel Market Report Scope

Report Attribute

Details

Market size value in 2024

USD 126.36 billion

Revenue forecast in 2030

USD 197.29 billion

Growth rate

CAGR of 6.7% from 2024 to 2030

Base year for estimation

2023

Historical data

2018 - 2023

Forecast period

2024 - 2030

Report updated

November 2023

Quantitative Units

Volume in kilotons, revenue in USD million/billion, and CAGR from 2024 to 2030

Report coverage

Volume forecast, revenue forecast, competitive landscape, growth factors, and trends

Segments covered

Grade, product, application, region

Regional scope

North America; Europe; Asia Pacific; Central & South America; Middle East & Africa

Country scope

U.S.; Canada; Mexico; Germany; U.K.; France; Russia; Italy; Spain; Turkey; China; India; Japan; South Korea; Indonesia; Brazil; GCC

Key companies profiled

Acerinox S.A.; Aperam Stainless; ArcelorMittal; Baosteel Group; Jindal Stainless; Nippon Steel Corp.; Outokumpu; POSCO; ThyssenKrupp Stainless GmbH; Yieh United Steel Corp.

Customization scope

Free report customization (equivalent up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope

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Global Stainless Steel Market Report Segmentation

This report forecasts revenue and volume growth at the global, regional, and country levels and provides an analysis of the latest trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global stainless steel market report based on grade, product, application, and region:

Global Stainless Steel Market Report Segmentation

  • Grade Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

    • 200 Series

    • 300 Series

    • 400 Series

    • Duplex Series

    • Others

  • Product Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

    • Flat

    • Long

  • Application Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

    • Building & Construction

    • Automotive & Transportation

    • Consumer Goods

    • Mechanical Engineering & Heavy Industries

    • Electronic Appliances

    • Food Manufacturing

    • Others

  • Regional Outlook (Volume, Kilotons; Revenue, USD Billion, 2018 - 2030)

    • North America

      • U.S.

      • Canada

      • Mexico

    • Europe

      • Germany

      • France

      • UK

      • Russia

      • Italy

      • Spain

      • Turkey

    • Asia Pacific

      • China

      • Japan

      • South Korea

      • India

      • Indonesia

    • Central & South America

      • Brazil

    • Middle East & Africa

      • GCC

Frequently Asked Questions About This Report

Table of Contents

Chapter 1. Stainless Steel Market: Methodology and Scope
                    1.1. Market Segmentation & Scope
                    1.2. Market Definition
                    1.3. Information Procurement
                        1.3.1. Purchased Database
                        1.3.2. GVR’s Internal Database
                        1.3.3. Secondary Sources & Third-Party Perspectives
                        1.3.4. Primary Research
                    1.4. Information Analysis
                        1.4.1. Data Analysis Models
                    1.5. Market Formulation & Data Visualization
                    1.6. Data Validation & Publishing
Chapter 2. Stainless Steel Market: Executive Summary
                    2.1. Market Insights
                    2.2. Segmental Outlook
                    2.3. Competitive Outlook
Chapter 3. Stainless Steel Market: Variables, Trends & Scope
                    3.1. Global Stainless Steel Market Outlook
                    3.2. Industry Value Chain Analysis
                        3.2.1. Raw Material Outlook
                    3.3. Technology Overview
                    3.4. Regulatory Framework
                    3.5. Market Dynamics
                        3.5.1. Market Driver Analysis
                        3.5.2. Market Restraint Analysis
                        3.5.3. Industry Challenges
                    3.6. Porter’s Five Forces Analysis
                        3.6.1. Supplier Power
                        3.6.2. Buyer Power
                        3.6.3. Substitution Threat
                        3.6.4. Threat from New Entrant
                        3.6.5. Competitive Rivalry
                    3.7. PESTEL Analysis
                        3.7.1. Political Landscape
                        3.7.2. Economic Landscape
                        3.7.3. Social Landscape
                        3.7.4. Technological Landscape
                        3.7.5. Environmental Landscape
                        3.7.6. Legal Landscape
Chapter 4. Stainless Steel Market: Grade Outlook Estimates & Forecasts
                    4.1. Stainless Steel Market: Grade Movement Analysis, 2023 & 2030
                    4.2. 200 Series
                        4.2.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
                    4.3. 300 Series
                        4.3.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
                    4.4. 400 Series
                        4.4.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
                    4.5. Duplex Series
                        4.5.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
                    4.6. Others
                        4.6.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
Chapter 5. Stainless Steel Market: Product Outlook Estimates & Forecasts
                    5.1. Stainless Steel Market: Product Movement Analysis, 2023 & 2030
                    5.2. Flat
                        5.2.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
                    5.3. Long
                        5.3.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
Chapter 6. Stainless Steel Market: Application Outlook Estimates & Forecasts
                    6.1. Stainless Steel Market: Application Movement Analysis, 2023 & 2030
                    6.2. Building & Construction
                        6.2.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
                    6.3. Automotive & Transportation
                        6.3.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
                    6.4. Consumer Goods
                        6.4.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
                    6.5. Mechanical Engineering & Heavy Industries
                        6.5.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
                    6.6. Food Manufacturing
                        6.6.1. Market estimates and forecast, 2018 - 2030, (USD Million) (Kilotons)
                    6.7. Electronic Appliances
                        6.7.1. Market estimates and forecast, 2018 - 2030, (USD Million) (Kilotons)
                    6.8. Others
                        6.8.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
Chapter 7. Stainless Steel Market Regional Outlook Estimates & Forecasts
                    7.1. Regional Snapshot
                    7.2. Stainless Steel Market: Regional Movement Analysis, 2023 & 2030
                    7.3. North America
                        7.3.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
                        7.3.2. Market estimates and forecast, by grade, 2018 - 2030 (USD Million) (Kilotons)
                        7.3.3. Market estimates and forecast, by product, 2018 - 2030 (USD Million) (Kilotons)
                        7.3.4. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
                        7.3.5. U.S.
                            7.3.5.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
                            7.3.5.2. Market estimates and forecast, by grade, 2018 - 2030 (USD Million) (Kilotons)
                            7.3.5.3. Market estimates and forecast, by product, 2018 - 2030 (USD Million) (Kilotons)
                            7.3.5.4. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
                        7.3.6. Canada
                            7.3.6.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
                            7.3.6.2. Market estimates and forecast, by grade, 2018 - 2030 (USD Million) (Kilotons)
                            7.3.6.3. Market estimates and forecast, by product, 2018 - 2030 (USD Million) (Kilotons)
                            7.3.6.4. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
                        7.3.7. Mexico
                            7.3.7.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
                            7.3.7.2. Market estimates and forecast, by grade, 2018 - 2030 (USD Million) (Kilotons)
                            7.3.7.3. Market estimates and forecast, by product, 2018 - 2030 (USD Million) (Kilotons)
                            7.3.7.4. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
                    7.4. Europe
                        7.4.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
                        7.4.2. Market estimates and forecast, by grade, 2018 - 2030 (USD Million) (Kilotons)
                        7.4.3. Market estimates and forecast, by grade, 2018 - 2030 (USD Million) (Kilotons)
                        7.4.4. Market estimates and forecast, by product, 2018 - 2030 (USD Million) (Kilotons)
                        7.4.5. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
                        7.4.6. Germany
                            7.4.6.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
                            7.4.6.2. Market estimates and forecast, by grade, 2018 - 2030 (USD Million) (Kilotons)
                            7.4.6.3. Market estimates and forecast, by product, 2018 - 2030 (USD Million) (Kilotons)
                            7.4.6.4. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
                        7.4.7. France
                            7.4.7.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
                            7.4.7.2. Market estimates and forecast, by grade, 2018 - 2030 (USD Million) (Kilotons)
                            7.4.7.3. Market estimates and forecast, by product, 2018 - 2030 (USD Million) (Kilotons)
                            7.4.7.4. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
                        7.4.8. UK
                            7.4.8.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
                            7.4.8.2. Market estimates and forecast, by grade, 2018 - 2030 (USD Million) (Kilotons)
                            7.4.8.3. Market estimates and forecast, by product, 2018 - 2030 (USD Million) (Kilotons)
                            7.4.8.4. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
                        7.4.9. Russia
                            7.4.9.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
                            7.4.9.2. Market estimates and forecast, by grade, 2018 - 2030 (USD Million) (Kilotons)
                            7.4.9.3. Market estimates and forecast, by product, 2018 - 2030 (USD Million) (Kilotons)
                            7.4.9.4. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
                        7.4.10. Italy
                            7.4.10.1. Market estimates and forecast, 2018 - 2030, (USD Million) (Kilotons)
                            7.4.10.2. Market estimates and forecast, by grade, 2018 - 2030, (USD Million) (Kilotons)
                            7.4.10.3. Market estimates and forecast, by product, 2018 - 2030, (USD Million) (Kilotons)
                            7.4.10.4. Market estimates and forecast, by application, 2018 - 2030, (USD Million) (Kilotons)
                        7.4.11. Spain
                            7.4.11.1. Market estimates and forecast, 2018 - 2030, (USD Million) (Kilotons)
                            7.4.11.2. Market estimates and forecast, by grade, 2018 - 2030, (USD Million) (Kilotons)
                            7.4.11.3. Market estimates and forecast, by product, 2018 - 2030, (USD Million) (Kilotons)
                            7.4.11.4. Market estimates and forecast, by application, 2018 - 2030, (USD Million) (Kilotons)
                        7.4.12. Turkey
                            7.4.12.1. Market estimates and forecast, 2018 - 2030, (USD Million) (Kilotons)
                            7.4.12.2. Market estimates and forecast, by grade, 2018 - 2030, (USD Million) (Kilotons)
                            7.4.12.3. Market estimates and forecast, by product, 2018 - 2030, (USD Million) (Kilotons)
                            7.4.12.4. Market estimates and forecast, by application, 2018 - 2030, (USD Million) (Kilotons)
                    7.5. Asia Pacific
                        7.5.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
                        7.5.2. Market estimates and forecast, by grade, 2018 - 2030 (USD Million) (Kilotons)
                        7.5.3. Market estimates and forecast, by product, 2018 - 2030 (USD Million) (Kilotons)
                        7.5.4. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
                        7.5.5. China
                            7.5.5.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
                            7.5.5.2. Market estimates and forecast, by form, 2018 - 2030 (USD Million) (Kilotons)
                            7.5.5.3. Market estimates and forecast, by grade, 2018 - 2030 (USD Million) (Kilotons)
                            7.5.5.4. Market estimates and forecast, by product, 2018 - 2030 (USD Million) (Kilotons)
                            7.5.5.5. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
                        7.5.6. South Korea
                            7.5.6.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
                            7.5.6.2. Market estimates and forecast, by grade, 2018 - 2030 (USD Million) (Kilotons)
                            7.5.6.3. Market estimates and forecast, by product, 2018 - 2030 (USD Million) (Kilotons)
                            7.5.6.4. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
                        7.5.7. Japan
                            7.5.7.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
                            7.5.7.2. Market estimates and forecast, by grade, 2018 - 2030 (USD Million) (Kilotons)
                            7.5.7.3. Market estimates and forecast, by product, 2018 - 2030 (USD Million) (Kilotons)
                            7.5.7.4. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
                        7.5.8. India
                            7.5.8.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
                            7.5.8.2. Market estimates and forecast, by grade, 2018 - 2030 (USD Million) (Kilotons)
                            7.5.8.3. Market estimates and forecast, by product, 2018 - 2030 (USD Million) (Kilotons)
                            7.5.8.4. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
                        7.5.9. Indonesia
                            7.5.9.1. Market estimates and forecast, 2018 - 2030, (USD Million) (Kilotons)
                            7.5.9.2. Market estimates and forecast, by grade, 2018 - 2030, (USD Million) (Kilotons)
                            7.5.9.3. Market estimates and forecast, by product, 2018 - 2030, (USD Million) (Kilotons)
                            7.5.9.4. Market estimates and forecast, by application, 2018 - 2030, (USD Million) (Kilotons)
                    7.6. Central & South America
                        7.6.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
                        7.6.2. Market estimates and forecast, by grade, 2018 - 2030 (USD Million) (Kilotons)
                        7.6.3. Market estimates and forecast, by product, 2018 - 2030 (USD Million) (Kilotons)
                        7.6.4. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
                        7.6.5. Brazil
                            7.6.5.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
                            7.6.5.2. Market estimates and forecast, by grade, 2018 - 2030 (USD Million) (Kilotons)
                            7.6.5.3. Market estimates and forecast, by product, 2018 - 2030 (USD Million) (Kilotons)
                            7.6.5.4. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
                    7.7. Middle East & Africa
                        7.7.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
                        7.7.2. Market estimates and forecast, by grade, 2018 - 2030 (USD Million) (Kilotons)
                        7.7.3. Market estimates and forecast, by product, 2018 - 2030 (USD Million) (Kilotons)
                        7.7.4. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
                        7.7.5. GCC
                            7.7.5.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
                            7.7.5.2. Market estimates and forecast, by grade, 2018 - 2030 (USD Million) (Kilotons)
                            7.7.5.3. Market estimates and forecast, by product, 2018 - 2030 (USD Million) (Kilotons)
                            7.7.5.4. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
Chapter 8. Competitive Landscape
                    8.1. Recent Developments & Impact Analysis, By Key Market Participants
                    8.2. Company Categorization
                    8.3. Company Ranking
                    8.4. Heat Map Analysis
                    8.5. Market Strategies
                    8.6. Vendor Landscape
                        8.6.1. List of raw material supplier, key manufacturers, and distributors
                        8.6.2. List of prospective end-users
                    8.7. Strategy Mapping
                    8.8. Company Profiles/Listing
                        8.8.1. Acerinox S.A.
                            8.8.1.1. Company Overview
                            8.8.1.2. Financial Performance
                            8.8.1.3. Product Benchmarking
                        8.8.2. POSCO
                            8.8.2.1. Company Overview
                            8.8.2.2. Financial Performance
                            8.8.2.3. Product Benchmarking
                        8.8.3. Baosteel Group
                            8.8.3.1. Company Overview
                            8.8.3.2. Financial Performance
                            8.8.3.3. Product Benchmarking
                        8.8.4. Aperam Stainless
                            8.8.4.1. Company Overview
                            8.8.4.2. Financial Performance
                            8.8.4.3. Product Benchmarking
                        8.8.5. Jindal Stainless
                            8.8.5.1. Company Overview
                            8.8.5.2. Financial Performance
                            8.8.5.3. Product Benchmarking
                        8.8.6. Yieh United Steel Corp. (YUSCO)
                            8.8.6.1. Company Overview
                            8.8.6.2. Financial Performance
                            8.8.6.3. Product Benchmarking
                        8.8.7. Outokumpu
                            8.8.7.1. Company Overview
                            8.8.7.2. Financial Performance
                            8.8.7.3. Product Benchmarking
                        8.8.8. ArcelorMittal
                            8.8.8.1. Company Overview
                            8.8.8.2. Financial Performance
                            8.8.8.3. Product Benchmarking
                        8.8.9. Nippon Steel Corporation
                            8.8.9.1. Company Overview
                            8.8.9.2. Financial Performance
                            8.8.9.3. Product Benchmarking
                        8.8.10. ThyssenKrupp Stainless GmbH
                            8.8.10.1. Company Overview
                            8.8.10.2. Financial Performance
                            8.8.10.3. Product Benchmarking


List of Tables

Table 1. Stainless steel market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
Table 2. 200 series stainless steel market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
Table 3. 300 series stainless steel market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
Table 4. 400 series stainless steel market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
Table 5. Duplex series stainless steel market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
Table 6. Stainless steel market estimates and forecasts, by other grades, 2018 - 2030 (USD Million) (Kilotons)
Table 7. Stainless steel market estimates and forecasts, by long products, 2018 - 2030 (USD Million) (Kilotons)
Table 8. Stainless steel market estimates and forecasts, by flat products, 2018 - 2030 (USD Million) (Kilotons)
Table 9. Stainless steel market estimates and forecasts, in building & construction, 2018 - 2030 (USD Million) (Kilotons)
Table 10. Stainless steel market estimates and forecasts, in automotive & transportation, 2018 - 2030 (USD Million) (Kilotons)
Table 11. Stainless steel market estimates and forecasts, in consumer goods, 2018 - 2030 (USD Million) (Kilotons)
Table 12. Stainless steel market estimates and forecasts, in mechanical engineering & heavy industries, 2018 - 2030 (USD Million) (Kilotons)
Table 13. North America stainless steel market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
Table 14. North America stainless steel market estimates and forecasts, by grade, 2018 - 2030 (USD Million)
Table 15. North America stainless steel market estimates and forecasts, by grade, 2018 - 2030 (Kilotons)
Table 16. North America stainless steel market estimates and forecasts, by product, 2018 - 2030 (USD Million)
Table 17. North America stainless steel market estimates and forecasts, by product, 2018 - 2030 (Kilotons)
Table 18. North America stainless steel market estimates and forecasts, by application, 2018 - 2030 (USD Million)
Table 19. North America stainless steel market estimates and forecasts, by application, 2018 - 2030 (Kilotons)
Table 20. U.S. stainless steel market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
Table 21. U.S. stainless steel market estimates and forecasts, by grade, 2018 - 2030 (USD Million)
Table 22. U.S. stainless steel market estimates and forecasts, by grade, 2018 - 2030 (Kilotons)
Table 23. U.S. stainless steel market estimates and forecasts, by product, 2018 - 2030 (USD Million)
Table 24. U.S. stainless steel market estimates and forecasts, by product, 2018 - 2030 (Kilotons)
Table 25. U.S. stainless steel market estimates and forecasts, by application, 2018 - 2030 (USD Million)
Table 26. U.S. stainless steel market estimates and forecasts, by application, 2018 - 2030 (Kilotons)
Table 27. Canada stainless steel market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
Table 28. Canada stainless steel market estimates and forecasts, by grade, 2018 - 2030 (USD Million)
Table 29. Canada stainless steel market estimates and forecasts, by grade, 2018 - 2030 (Kilotons)
Table 30. Canada stainless steel market estimates and forecasts, by product, 2018 - 2030 (USD Million)
Table 31. Canada stainless steel market estimates and forecasts, by product, 2018 - 2030 (Kilotons)
Table 32. Canada stainless steel market estimates and forecasts, by application, 2018 - 2030 (USD Million)
Table 33. Canada stainless steel market estimates and forecasts, by application, 2018 - 2030 (Kilotons)
Table 34. Mexico stainless steel market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
Table 35. Mexico stainless steel market estimates and forecasts, by grade, 2018 - 2030 (USD Million)
Table 36. Mexico stainless steel market estimates and forecasts, by grade, 2018 - 2030 (Kilotons)
Table 37. Mexico stainless steel market estimates and forecasts, by product, 2018 - 2030 (USD Million)
Table 38. Mexico stainless steel market estimates and forecasts, by product, 2018 - 2030 (Kilotons)
Table 39. Mexico stainless steel market estimates and forecasts, by application, 2018 - 2030 (USD Million)
Table 40. Mexico stainless steel market estimates and forecasts, by application, 2018 - 2030 (Kilotons)
Table 41. Europe stainless steel market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
Table 42. Europe stainless steel market estimates and forecasts, by grade, 2018 - 2030 (USD Million)
Table 43. Europe stainless steel market estimates and forecasts, by grade, 2018 - 2030 (Kilotons)
Table 44. Europe stainless steel market estimates and forecasts, by product, 2018 - 2030 (USD Million)
Table 45. Europe stainless steel market estimates and forecasts, by product, 2018 - 2030 (Kilotons)
Table 46. Europe stainless steel market estimates and forecasts, by application, 2018 - 2030 (USD Million)
Table 47. Europe stainless steel market estimates and forecasts, by application, 2018 - 2030 (Kilotons)
Table 48. Germany stainless steel market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
Table 49. Germany stainless steel market estimates and forecasts, by grade, 2018 - 2030 (USD Million)
Table 50. Germany stainless steel market estimates and forecasts, by grade, 2018 - 2030 (Kilotons)
Table 51. Germany stainless steel market estimates and forecasts, by product, 2018 - 2030 (USD Million)
Table 52. Germany stainless steel market estimates and forecasts, by product, 2018 - 2030 (Kilotons)
Table 53. Germany stainless steel market estimates and forecasts, by application, 2018 - 2030 (USD Million)
Table 54. Germany stainless steel market estimates and forecasts, by application, 2018 - 2030 (Kilotons)
Table 55. France stainless steel market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
Table 56. France stainless steel market estimates and forecasts, by grade, 2018 - 2030 (USD Million)
Table 57. France stainless steel market estimates and forecasts, by grade, 2018 - 2030 (Kilotons)
Table 58. France stainless steel market estimates and forecasts, by product, 2018 - 2030 (USD Million)
Table 59. France stainless steel market estimates and forecasts, by product, 2018 - 2030 (Kilotons)
Table 60. France stainless steel market estimates and forecasts, by application, 2018 - 2030 (USD Million)
Table 61. France stainless steel market estimates and forecasts, by application, 2018 - 2030 (Kilotons)
Table 62. U.K. stainless steel market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
Table 63. U.K. stainless steel market estimates and forecasts, by grade, 2018 - 2030 (USD Million)
Table 64. U.K. stainless steel market estimates and forecasts, by grade, 2018 - 2030 (Kilotons)
Table 65. U.K. stainless steel market estimates and forecasts, by product, 2018 - 2030 (USD Million)
Table 66. U.K. stainless steel market estimates and forecasts, by product, 2018 - 2030 (Kilotons)
Table 67. U.K. stainless steel market estimates and forecasts, by application, 2018 - 2030 (USD Million)
Table 68. U.K. stainless steel market estimates and forecasts, by application, 2018 - 2030 (Kilotons)
Table 69. Russia stainless steel market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
Table 70. Russia stainless steel market estimates and forecasts, by grade, 2018 - 2030 (USD Million)
Table 71. Russia stainless steel market estimates and forecasts, by grade, 2018 - 2030 (Kilotons)
Table 72. Russia stainless steel market estimates and forecasts, by product, 2018 - 2030 (USD Million)
Table 73. Russia stainless steel market estimates and forecasts, by product, 2018 - 2030 (Kilotons)
Table 74. Russia stainless steel market estimates and forecasts, by application, 2018 - 2030 (USD Million)
Table 75. Russia stainless steel market estimates and forecasts, by application, 2018 - 2030 (Kilotons)
Table 76. Russia stainless steel market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
Table 77. Italy stainless steel market estimates and forecasts, by grade, 2018 - 2030 (USD Million)
Table 78. Italy stainless steel market estimates and forecasts, by grade, 2018 - 2030 (Kilotons)
Table 79. Italy stainless steel market estimates and forecasts, by product, 2018 - 2030 (USD Million)
Table 80. Italy stainless steel market estimates and forecasts, by product, 2018 - 2030 (Kilotons)
Table 81. Italy stainless steel market estimates and forecasts, by application, 2018 - 2030 (USD Million)
Table 82. Italy stainless steel market estimates and forecasts, by application, 2018 - 2030 (Kilotons)
Table 83. Spain stainless steel market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
Table 84. Spain stainless steel market estimates and forecasts, by grade, 2018 - 2030 (USD Million)
Table 85. Spain stainless steel market estimates and forecasts, by grade, 2018 - 2030 (Kilotons)
Table 86. Spain stainless steel market estimates and forecasts, by product, 2018 - 2030 (USD Million)
Table 87. Spain stainless steel market estimates and forecasts, by product, 2018 - 2030 (Kilotons)
Table 88. Spain stainless steel market estimates and forecasts, by application, 2018 - 2030 (USD Million)
Table 89. Spain stainless steel market estimates and forecasts, by application, 2018 - 2030 (Kilotons)
Table 90. Turkey stainless steel market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
Table 91. Turkey stainless steel market estimates and forecasts, by grade, 2018 - 2030 (USD Million)
Table 92. Turkey stainless steel market estimates and forecasts, by grade, 2018 - 2030 (Kilotons)
Table 93. Turkey stainless steel market estimates and forecasts, by product, 2018 - 2030 (USD Million)
Table 94. Turkey stainless steel market estimates and forecasts, by product, 2018 - 2030 (Kilotons)
Table 95. Turkey stainless steel market estimates and forecasts, by application, 2018 - 2030 (USD Million)
Table 96. Turkey stainless steel market estimates and forecasts, by application, 2018 - 2030 (Kilotons)
Table 97. Asia Pacific stainless steel market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
Table 98. Asia Pacific stainless steel market estimates and forecasts, by grade, 2018 - 2030 (USD Million)
Table 99. Asia Pacific stainless steel market estimates and forecasts, by grade, 2018 - 2030 (Kilotons)
Table 100. Asia Pacific stainless steel market estimates and forecasts, by product, 2018 - 2030 (USD Million)
Table 101. Asia Pacific stainless steel market estimates and forecasts, by product, 2018 - 2030 (Kilotons)
Table 102. Asia Pacific stainless steel market estimates and forecasts, by application, 2018 - 2030 (USD Million)
Table 103. Asia Pacific stainless steel market estimates and forecasts, by application, 2018 - 2030 (Kilotons)
Table 104. China stainless steel market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
Table 105. China stainless steel market estimates and forecasts, by grade, 2018 - 2030 (USD Million)
Table 106. China stainless steel market estimates and forecasts, by grade, 2018 - 2030 (Kilotons)
Table 107. China stainless steel market estimates and forecasts, by product, 2018 - 2030 (USD Million)
Table 108. China stainless steel market estimates and forecasts, by product, 2018 - 2030 (Kilotons)
Table 109. China stainless steel market estimates and forecasts, by application, 2018 - 2030 (USD Million)
Table 110. China stainless steel market estimates and forecasts, by application, 2018 - 2030 (Kilotons)
Table 111. Japan stainless steel market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
Table 112. Japan stainless steel market estimates and forecasts, by grade, 2018 - 2030 (USD Million)
Table 113. Japan stainless steel market estimates and forecasts, by grade, 2018 - 2030 (Kilotons)
Table 114. Japan stainless steel market estimates and forecasts, by product, 2018 - 2030 (USD Million)
Table 115. Japan stainless steel market estimates and forecasts, by product, 2018 - 2030 (Kilotons)
Table 116. Japan stainless steel market estimates and forecasts, by application, 2018 - 2030 (USD Million)
Table 117. Japan stainless steel market estimates and forecasts, by application, 2018 - 2030 (Kilotons)
Table 118. South Korea stainless steel market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
Table 119. South Korea stainless steel market estimates and forecasts, by grade, 2018 - 2030 (USD Million)
Table 120. South Korea stainless steel market estimates and forecasts, by grade, 2018 - 2030 (Kilotons)
Table 121. South Korea stainless steel market estimates and forecasts, by product, 2018 - 2030 (USD Million)
Table 122. South Korea stainless steel market estimates and forecasts, by product, 2018 - 2030 (Kilotons)
Table 123. South Korea stainless steel market estimates and forecasts, by application, 2018 - 2030 (USD Million)
Table 124. South Korea stainless steel market estimates and forecasts, by application, 2018 - 2030 (Kilotons)
Table 125. India stainless steel market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
Table 126. India stainless steel market estimates and forecasts, by grade, 2018 - 2030 (USD Million)
Table 127. India stainless steel market estimates and forecasts, by grade, 2018 - 2030 (Kilotons)
Table 128. India stainless steel market estimates and forecasts, by product, 2018 - 2030 (USD Million)
Table 129. India stainless steel market estimates and forecasts, by product, 2018 - 2030 (Kilotons)
Table 130. India stainless steel market estimates and forecasts, by application, 2018 - 2030 (USD Million)
Table 131. India stainless steel market estimates and forecasts, by application, 2018 - 2030 (USD Kilotons)
Table 132. Indonesia stainless steel market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
Table 133. Indonesia stainless steel market estimates and forecasts, by grade, 2018 - 2030 (USD Million)
Table 134. Indonesia stainless steel market estimates and forecasts, by grade, 2018 - 2030 (Kilotons)
Table 135. Indonesia stainless steel market estimates and forecasts, by product, 2018 - 2030 (USD Million)
Table 136. Indonesia stainless steel market estimates and forecasts, by product, 2018 - 2030 (Kilotons)
Table 137. Indonesia stainless steel market estimates and forecasts, by application, 2018 - 2030 (USD Million)
Table 138. Central & South America stainless steel market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
Table 139. Central & South America stainless steel market estimates and forecasts, by grade, 2018 - 2030 (USD Million)
Table 140. Central & South America stainless steel market estimates and forecasts, by grade, 2018 - 2030 (Kilotons)
Table 141. Central & South America stainless steel market estimates and forecasts, by product, 2018 - 2030 (USD Million)
Table 142. Central & South America stainless steel market estimates and forecasts, by product, 2018 - 2030 (Kilotons)
Table 143. Central & South America stainless steel market estimates and forecasts, by application, 2018 - 2030 (USD Million)
Table 144. Central & South America stainless steel market estimates and forecasts, by application, 2018 - 2030 (Kilotons)
Table 1. Brazil stainless steel market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
Table 2. Brazil stainless steel market estimates and forecasts, by grade, 2018 - 2030 (USD Million)
Table 3. Brazil stainless steel market estimates and forecasts, by grade, 2018 - 2030 (Kilotons)
Table 4. Brazil stainless steel market estimates and forecasts, by product, 2018 - 2030 (USD Million)
Table 5. Brazil stainless steel market estimates and forecasts, by product, 2018 - 2030 (Kilotons)
Table 6. Brazil stainless steel market estimates and forecasts, by application, 2018 - 2030 (USD Million)
Table 7. Middle East & Africa stainless steel market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
Table 8. Middle East & Africa stainless steel market estimates and forecasts, by grade, 2018 - 2030 (USD Million)
Table 9. Middle East & Africa stainless steel market estimates and forecasts, by grade, 2018 - 2030 (Kilotons)
Table 10. Middle East & Africa stainless steel market estimates and forecasts, by product, 2018 - 2030 (USD Million)
Table 11. Middle East & Africa stainless steel market estimates and forecasts, by product, 2018 - 2030 (Kilotons)
Table 12. Middle East & Africa stainless steel market estimates and forecasts, by application, 2018 - 2030 (USD Million)
Table 13. Middle East & Africa stainless steel market estimates and forecasts, by application, 2018 - 2030 (Kilotons)
Table 14. GCC stainless steel market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
Table 15. GCC stainless steel market estimates and forecasts, by grade, 2018 - 2030 (USD Million)
Table 16. GCC stainless steel market estimates and forecasts, by grade, 2018 - 2030 (Kilotons)
Table 17. GCC stainless steel market estimates and forecasts, by product, 2018 - 2030 (USD Million)
Table 18. GCC stainless steel market estimates and forecasts, by product, 2018 - 2030 (Kilotons)
Table 19. GCC stainless steel market estimates and forecasts, by application, 2018 - 2030 (USD Million)

 


List of Figures

Fig 1. Market segmentation
Fig 2. Information procurement
Fig 3. Data Analysis Models
Fig 4. Market Formulation and Validation
Fig 5. Market snapshot
Fig 6. Segmental outlook- Grade, product, and application
Fig 7. Competitive outlook
Fig 8. Stainless steel market, 2018-2030 (USD Million) (Kilotons)
Fig 9. Value chain analysis
Fig 10. Market dynamics
Fig 11. Porter’s Analysis
Fig 12. PESTEL Analysis
Fig 13. Stainless steel market, by grade: Key takeaways
Fig 14. Stainless steel market, by grade: Market share, 2023 & 2030
Fig 15. Stainless steel market, by product: Key takeaways
Fig 16. Stainless steel market, by product: Market share, 2023 & 2030
Fig 17. Stainless steel market, by application: Key takeaways
Fig 18. Stainless steel market, by application: Market share, 2023 & 2030
Fig 19. Stainless steel market, by region: Key takeaways
Fig 20. Stainless steel market, by region: Market share, 2023 & 2030

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Market Segmentation

  • Stainless Steel Grade Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)
    • 200 series
    • 300 series
    • 400 series
    • Duplex series
    • Others
  • Stainless Steel Product Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)
    • Flat
    • Long
  • Stainless Steel Application Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)
    • Building & Construction
    • Automotive & Transportation
    • Consumer Goods
    • Mechanical Engineering & Heavy Industries
    • Food Manufacturing
    • Electronic Appliances
    • Others
  • Stainless Steel Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)
    • North America
      • North America Stainless Steel Market, By Grade
        • 200 Series
        • 300 Series
        • 400 Series
        • Duplex Series
        • Others
      • North America Stainless Steel Market, By Product
        • Flat
        • Long
      • North America Stainless Steel Market, By Application
        • Building & Construction
        • Automotive & Transportation
        • Consumer Goods
        • Mechanical Engineering & Heavy Industries
        • Food Manufacturing
        • Electronic Appliances
        • Others
      • U.S.
        • U.S. Stainless Steel Market, By Grade
          • 200 Series
          • 300 Series
          • 400 Series
          • Duplex Series
          • Others
        • U.S. Stainless Steel Market, By Product
          • Flat
          • Long
        • U.S. Stainless Steel Market, By Application
          • Building & Construction
          • Automotive & Transportation
          • Consumer Goods
          • Mechanical Engineering & Heavy Industries
          • Food Manufacturing
          • Electronic Appliances
          • Others
      • Canada
        • Canada Stainless Steel Market, By Grade
          • 200 Series
          • 300 Series
          • 400 Series
          • Duplex Series
          • Others
        • Canada Stainless Steel Market, By Product
          • Flat
          • Long
        • Canada Stainless Steel Market, By Application
          • Building & Construction
          • Automotive & Transportation
          • Consumer Goods
          • Mechanical Engineering & Heavy Industries
          • Food Manufacturing
          • Electronic Appliances
          • Others
      • Mexico
        • Mexico Stainless Steel Market, By Grade
          • 200 Series
          • 300 Series
          • 400 Series
          • Duplex Series
          • Others
        • Mexico Stainless Steel Market, By Product
          • Flat
          • Long
        • Mexico Stainless Steel Market, By Application
          • Building & Construction
          • Automotive & Transportation
          • Consumer Goods
          • Mechanical Engineering & Heavy Industries
          • Food Manufacturing
          • Electronic Appliances
          • Others
    • Europe
      • Europe Stainless Steel Market, By Grade
        • 200 Series
        • 300 Series
        • 400 Series
        • Duplex Series
        • Others
      • Europe Stainless Steel Market, By Product
        • Flat
        • Long
      • Europe Stainless Steel Market, By Application
        • Building & Construction
        • Automotive & Transportation
        • Consumer Goods
        • Mechanical Engineering & Heavy Industries
        • Food Manufacturing
        • Electronic Appliances
        • Others
      • Germany
        • Germany Stainless Steel Market, By Grade
          • 200 Series
          • 300 Series
          • 400 Series
          • Duplex Series
          • Others
        • Germany Stainless Steel Market, By Product
          • Flat
          • Long
        • Germany Stainless Steel Market, By Application
          • Building & Construction
          • Automotive & Transportation
          • Consumer Goods
          • Mechanical Engineering & Heavy Industries
          • Food Manufacturing
          • Electronic Appliances
          • Others
      • France
        • France Stainless Steel Market, By Grade
          • 200 Series
          • 300 Series
          • 400 Series
          • Duplex Series
          • Others
        • France Stainless Steel Market, By Product
          • Flat
          • Long
        • France Stainless Steel Market, By Application
          • Building & Construction
          • Automotive & Transportation
          • Consumer Goods
          • Mechanical Engineering & Heavy Industries
          • Food Manufacturing
          • Electronic Appliances
          • Others
      • UK
        • UK Stainless Steel Market, By Grade
          • 200 Series
          • 300 Series
          • 400 Series
          • Duplex Series
          • Others
        • UK Stainless Steel Market, By Product
          • Flat
          • Long
        • UK Stainless Steel Market, By Application
          • Building & Construction
          • Automotive & Transportation
          • Consumer Goods
          • Mechanical Engineering & Heavy Industries
          • Food Manufacturing
          • Electronic Appliances
          • Others
      • Russia
        • Russia Stainless Steel Market, By Grade
          • 200 Series
          • 300 Series
          • 400 Series
          • Duplex Series
          • Others
        • Russia Stainless Steel Market, By Product
          • Flat
          • Long
        • Russia Stainless Steel Market, By Application
          • Building & Construction
          • Automotive & Transportation
          • Consumer Goods
          • Mechanical Engineering & Heavy Industries
          • Food Manufacturing
          • Electronic Appliances
          • Others
      • Italy
        • Italy Stainless Steel Market, By Grade
          • 200 Series
          • 300 Series
          • 400 Series
          • Duplex Series
          • Others
        • Italy Stainless Steel Market, By Product
          • Flat
          • Long
        • Italy Stainless Steel Market, By Application
          • Building & Construction
          • Automotive & Transportation
          • Consumer Goods
          • Mechanical Engineering & Heavy Industries
          • Food Manufacturing
          • Electronic Appliances
          • Others
      • Spain
        • Spain Stainless Steel Market, By Grade
          • 200 Series
          • 300 Series
          • 400 Series
          • Duplex Series
          • Others
        • Spain Stainless Steel Market, By Product
          • Flat
          • Long
        • Spain Stainless Steel Market, By Application
          • Building & Construction
          • Automotive & Transportation
          • Consumer Goods
          • Mechanical Engineering & Heavy Industries
          • Food Manufacturing
          • Electronic Appliances
          • Others
      • Turkey
        • Turkey Stainless Steel Market, By Grade
          • 200 Series
          • 300 Series
          • 400 Series
          • Duplex Series
          • Others
        • Turkey Stainless Steel Market, By Product
          • Flat
          • Long
        • Turkey Stainless Steel Market, By Application
          • Building & Construction
          • Automotive & Transportation
          • Consumer Goods
          • Mechanical Engineering & Heavy Industries
          • Food Manufacturing
          • Electronic Appliances
          • Others
    • Asia Pacific
      • Asia Pacific Stainless Steel Market, By Grade
        • 200 Series
        • 300 Series
        • 400 Series
        • Duplex Series
        • Others
      • Asia Pacific Stainless Steel Market, By Product
        • Flat
        • Long
      • Asia Pacific Stainless Steel Market, By Application
        • Building & Construction
        • Automotive & Transportation
        • Consumer Goods
        • Mechanical Engineering & Heavy Industries
        • Food Manufacturing
        • Electronic Appliances
        • Others
      • China
        • China Stainless Steel Market, By Grade
          • 200 Series
          • 300 Series
          • 400 Series
          • Duplex Series
          • Others
        • China Stainless Steel Market, By Product
          • Flat
          • Long
        • China Stainless Steel Market, By Application
          • Building & Construction
          • Automotive & Transportation
          • Consumer Goods
          • Mechanical Engineering & Heavy Industries
          • Food Manufacturing
          • Electronic Appliances
          • Others
      • Japan
        • Japan Stainless Steel Market, By Grade
          • 200 Series
          • 300 Series
          • 400 Series
          • Duplex Series
          • Others
        • Japan Stainless Steel Market, By Product
          • Flat
          • Long
        • Japan Stainless Steel Market, By Application
          • Building & Construction
          • Automotive & Transportation
          • Consumer Goods
          • Mechanical Engineering & Heavy Industries
          • Food Manufacturing
          • Electronic Appliances
          • Others
      • South Korea
        • South Korea Stainless Steel Market, By Grade
          • 200 Series
          • 300 Series
          • 400 Series
          • Duplex Series
          • Others
        • South Korea Stainless Steel Market, By Product
          • Flat
          • Long
        • South Korea Stainless Steel Market, By Application
          • Building & Construction
          • Automotive & Transportation
          • Consumer Goods
          • Mechanical Engineering & Heavy Industries
          • Food Manufacturing
          • Electronic Appliances
          • Others
      • India
        • India Stainless Steel Market, By Grade
          • 200 Series
          • 300 Series
          • 400 Series
          • Duplex Series
          • Others
        • India Stainless Steel Market, By Product
          • Flat
          • Long
        • India Stainless Steel Market, By Application
          • Building & Construction
          • Automotive & Transportation
          • Consumer Goods
          • Mechanical Engineering & Heavy Industries
          • Food Manufacturing
          • Electronic Appliances
          • Others
      • Indonesia
        • Indonesia Stainless Steel Market, By Grade
          • 200 Series
          • 300 Series
          • 400 Series
          • Duplex Series
          • Others
        • Indonesia Stainless Steel Market, By Product
          • Flat
          • Long
        • Indonesia Stainless Steel Market, By Application
          • Building & Construction
          • Automotive & Transportation
          • Consumer Goods
          • Mechanical Engineering & Heavy Industries
          • Food Manufacturing
          • Electronic Appliances
          • Others
    • Central & South America
      • Central & South America Stainless Steel Market, By Grade
        • 200 Series
        • 300 Series
        • 400 Series
        • Duplex Series
        • Others
      • Central & South America Stainless Steel Market, By Product
        • Flat
        • Long
      • Central & South America Stainless Steel Market, By Application
        • Building & Construction
        • Automotive & Transportation
        • Consumer Goods
        • Mechanical Engineering & Heavy Industries
        • Food Manufacturing
        • Electronic Appliances
        • Others
      • Brazil
        • Brazil Stainless Steel Market, By Grade
          • 200 Series
          • 300 Series
          • 400 Series
          • Duplex Series
          • Others
        • Brazil Stainless Steel Market, By Product
          • Flat
          • Long
        • Brazil Stainless Steel Market, By Application
          • Building & Construction
          • Automotive & Transportation
          • Consumer Goods
          • Mechanical Engineering & Heavy Industries
          • Food Manufacturing
          • Electronic Appliances
          • Others
    • Middle East & Africa
      • Middle East & Africa Stainless Steel Market, By Grade
        • 200 Series
        • 300 Series
        • 400 Series
        • Duplex Series
        • Others
      • Middle East & Africa Stainless Steel Market, By Product
        • Flat
        • Long
      • Middle East & Africa Stainless Steel Market, By Application
        • Building & Construction
        • Automotive & Transportation
        • Consumer Goods
        • Mechanical Engineering & Heavy Industries
        • Food Manufacturing
        • Electronic Appliances
        • Others
      • GCC
        • GCC Stainless Steel Market, By Grade
          • 200 Series
          • 300 Series
          • 400 Series
          • Duplex Series
          • Others
        • GCC Stainless Steel Market, By Product
          • Flat
          • Long
        • GCC Stainless Steel Market, By Application
          • Building & Construction
          • Automotive & Transportation
          • Consumer Goods
          • Mechanical Engineering & Heavy Industries
          • Food Manufacturing
          • Electronic Appliances
          • Others

Stainless Steel Market Dynamics

Driver: Growth Of Construction Sector

Construction sector is the largest end-user of stainless-steel products. This industry requires massive amount of stainless steel to enhance the aesthetic appeal and corrosion resistance of the structure. The rapidly growing population is projected to fuel the demand for stainless steel in buildings and infrastructure due to increasing urbanization. The advantages that are offered by stainless steel include, formability, weldability, corrosion resistance, and aesthetic appearance. These make it an important constituent in the construction industry. The high prices of stainless steel substitutes used in the construction industry can lead to increased construction cost. Stainless steel is majorly used in the construction industry for architectural cladding, handrails, drainage & water systems, wall support products, roofing, and structures & fixing.

Driver: Growing Automotive Industry

After construction industry, automotive sector is another major user of stainless steel. The industry is witnessing rapid growth due to easy access to credit facility and increasing necessity among people to own a vehicle. The demand for automobile has seen an upward trend in emerging economies like India and China. Stainless steel is used in the manufacture of automotive components such as car exhaust systems, hose clamps, and steel springs. Aesthetic appearance, corrosion resistance, and tensile strength provided by stainless steel make it an important component in the automobile industry. The exceptional weld ability and formability exhibited by stainless steel make it an important component of lightweight vehicles.

Restraint: Carbon Fibre Replacing Stainless Steel In Automotive Industry

The fact that carbon fibers are replacing stainless steel in automotive industry, is a major restraint for the market. Carbon fibers are being used in the automotive industry due to properties such as lightweight, high strength, and load-bearing capacities. These fibers reduce the weight of a car by almost 30%. The growing importance of lightweight vehicles has made carbon fiber the most desired material. The automation associated with the manufacturing process also makes it a brighter prospect in comparison to stainless steel.

What Does This Report Include?

This section will provide insights into the contents included in this stainless steel market report and help gain clarity on the structure of the report to assist readers in navigating smoothly.

Stainless steel market qualitative analysis

  • Industry overview

  • Industry trends

  • Market drivers and restraints

  • Market size

  • Growth prospects

  • Porter’s analysis

  • PESTEL analysis

  • Key market opportunities prioritized

  • Competitive landscape

    • Company overview

    • Financial performance

    • Product benchmarking

    • Latest strategic developments

Stainless steel market quantitative analysis

  • Market size, estimates, and forecast from 2018 to 2030

  • Market estimates and forecast for product segments up to 2030

  • Regional market size and forecast for product segments up to 2030

  • Market estimates and forecast for application segments up to 2030

  • Regional market size and forecast for application segments up to 2030

  • Company financial performance

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Research Methodology

A three-pronged approach was followed for deducing the stainless steel market estimates and forecasts. The process has three steps: information procurement, analysis, and validation. The whole process is cyclical, and steps repeat until the estimates are validated. The three steps are explained in detail below:

Information procurement: Information procurement is one of the most extensive and important stages in our research process, and quality data is critical for accurate analysis. We followed a multi-channel data collection process for stainless steel market to gather the most reliable and current information possible.

  • We buy access to paid databases such as Hoover’s and Factiva for company financials, industry information, white papers, industry journals, SME journals, and more.
  • We tap into Grand View’s proprietary database of data points and insights from active and archived monitoring and reporting.
  • We conduct primary research with industry experts through questionnaires and one-on-one phone interviews.
  • We pull from reliable secondary sources such as white papers and government statistics, published by organizations like WHO, NGOs, World Bank, etc., Key Opinion Leaders (KoL) publications, company filings, investor documents, and more.
  • We purchase and review investor analyst reports, broker reports, academic commentary, government quotes, and wealth management publications for insightful third-party perspectives.

Analysis: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilized different methods of stainless steel market data depending on the type of information we’re trying to uncover in our research.

  • Market Research Efforts: Bottom-up Approach for estimating and forecasting demand size and opportunity, top-down Approach for new product forecasting and penetration, and combined approach of both Bottom-up and Top-down for full coverage analysis.

  • Value-Chain-Based Sizing & Forecasting: Supply-side estimates for understanding potential revenue through competitive benchmarking, forecasting, and penetration modeling.

  • Demand-side estimates for identifying parent and ancillary markets, segment modeling, and heuristic forecasting.

  • Qualitative Functional Deployment (QFD) Modelling for market share assessment.

Market formulation and validation: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilize different methods of data analysis depending on the type of information we’re trying to uncover in our research.

  • Market Formulation: This step involves the finalization of market numbers. This step on an internal level is designed to manage outputs from the Data Analysis step.

  • Data Normalization: The final market estimates and forecasts are then aligned and sent to industry experts, in-panel quality control managers for validation.

  • This step also entails the finalization of the report scope and data representation pattern.

  • Validation: The process entails multiple levels of validation. All these steps run in parallel, and the study is forwarded for publishing only if all three levels render validated results.

Stainless Steel Market Categorization:

The stainless steel market was categorized into four segments, namely grade (200 Series, 300 Series, 400 Series, Duplex Series), product (Flat, Long), application (Building & Construction, Automotive & Transportation, Consumer Goods, Mechanical Engineering & Heavy Industries, Electronic Appliances, Food Manufacturing), and region (North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa).

Segment Market Methodology:

The stainless steel market was segmented into grade, product, application, and region. The demand at a segment level was deduced using a funnel method. Concepts like the TAM, SAM, SOM, etc., were put into practice to understand the demand. We at GVR deploy three methods to deduce market estimates and determine forecasts. These methods are explained below:

Market research approaches: Bottom-up

  • Demand estimation of each product across countries/regions summed up to from the total market.

  • Variable analysis for demand forecast.

  • Demand estimation via analyzing paid database, and company financials either via annual reports or paid database.

  • Primary interviews for data revalidation and insight collection.

Market research approaches: Top-down

  • Used extensively for new product forecasting or analyzing penetration levels.

  • Tool used invoice product flow and penetration models Use of regression multi-variant analysis for forecasting Involves extensive use of paid and public databases.

  • Primary interviews and vendor-based primary research for variable impact analysis.

Market research approaches: Combined

  • This is the most common method. We apply concepts from both the top-down and bottom-up approaches to arrive at a viable conclusion.

Regional Market Methodology:

The stainless steel market was analyzed at a regional level. The globe was divided into North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa, keeping in focus variables like consumption patterns, export-import regulations, consumer expectations, etc. These regions were further divided into seventeen countries, namely, the U.S.; Canada; Mexico; Germany; the UK; France; Russia; Italy; Spain; Turkey; China; India; Japan; South Korea; Indonesia; Brazil; and GCC.

All three above-mentioned market research methodologies were applied to arrive at regional-level conclusions. The regions were then summed up to form the global market.

Stainless steel market companies & financials:

The stainless steel market was analyzed via companies operating in the sector. Analyzing these companies and cross-referencing them to the demand equation helped us validate our assumptions and conclusions. Key market players analyzed include:

  • Acerinox S.A.: Acerinox S.A. is engaged in the manufacturing of stainless steel, and the company offers stainless steel flat products and long & wire products, which are available in various grades including austenitics, duplex, ferritics, martensitics, and soldadura.

  • POSCO: POSCO’s product portfolio comprises wire rod, hot rolled steel, steel plate, cold rolled steel, galvanized steel, electrical galvanized steel, electrical steel, automotive materials, stainless steel, titanium, aluminumplated products, and magnesium.

  • Baosteel Group: Baosteel Group is a manufacturer of various iron and steel products. The company deals with major products categories including stainless steel, carbon steel, and special steel.

  • Aperam Stainless: Aperam Stainless operates through three primary business segments including stainless & electrical steel, services & solutions, and alloys & specialties.

  • Jindal Stainless: Jindal’s major business areas are material services, stainless steel, and carbon steel. The company’s products are used in various applications such as plumbing, auto transport, architecture & construction, chemical industry, food processing, railways, and consumer durables.

  • Yieh United Steel Corp. (YUSCO): Yieh United Steel’s operations include hot rolling and cold rolling. The company is a global manufacturer of stainless steel and exports its products to the U.S. European, and Asian countries.

  • Outokumpu: Outokumpu is involved in the mining of chromium ore. Kemi mine in Finland also provides key raw materials to the company for the manufacturing of stainless and related products.

  • thyssenkrupp Stainless GmbH: thyssenKrupp Stainless GmbH’s product portfolio comprises austenitic, ferritic, super-ferritic, martensitic, heat-resisting austenitic, and special finishes stainless steel.

  • ArcelorMittal: ArcelorMittal was established in 2006 with the merger between Arcelor & Mittal Steel. Its reportable segments include NAFTA, ACIS, mining, eliminations, and others.

  • Nippon Steel Corporation: Nippon Steel Corporation is engaged in the manufacturing of steel and steel fabrication products. The company has its presence in North America, Europe, Asia Pacific, Central & South America, and the Middle East & Africa.

Value chain-based sizing & forecasting

Supply Side Estimates

  • Company revenue estimation via referring to annual reports, investor presentations, and Hoover’s.

  • Segment revenue determination via variable analysis and penetration modeling.

  • Competitive benchmarking to identify market leaders and their collective revenue shares.

  • Forecasting via analyzing commercialization rates, pipelines, market initiatives, distribution networks, etc.

Demand side estimates

  • Identifying parent markets and ancillary markets

  • Segment penetration analysis to obtain pertinent

  • revenue/volume

  • Heuristic forecasting with the help of subject matter experts

  • Forecasting via variable analysis

Stainless Steel Market Report Objectives:

  • Understanding market dynamics (in terms of drivers, restraints, & opportunities) in the countries.

  • Understanding trends & variables in the individual countries & their impact on growth and using analytical tools to provide high-level insights into the market dynamics and the associated growth pattern.

  • Understanding market estimates and forecasts (with the base year as 2023, historic information from 2018 to 2023, and forecast from 2024 to 2030). Regional estimates & forecasts for each category are available and are summed up to form the global market estimates.

Stainless Steel Market Report Assumptions:

  • The report provides market value for the base year 2023 and a yearly forecast till 2030 in terms of revenue/volume or both. The market for each of the segment outlooks has been provided on region & country basis for the above-mentioned forecast period.

  • The key industry dynamics, major technological trends, and application markets are evaluated to understand their impact on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis.

  • We have used the bottom-up approach for market sizing, analyzing key regional markets, dynamics, & trends for various products and end-users. The total market has been estimated by integrating the country markets.

  • All market estimates and forecasts have been validated through primary interviews with the key industry participants.

  • Inflation has not been accounted for to estimate and forecast the market.

  • Numbers may not add up due to rounding off.

  • Europe consists of EU-8, Central & Eastern Europe, along with the Commonwealth of Independent States (CIS).

  • Asia Pacific includes South Asia, East Asia, Southeast Asia, and Oceania (Australia & New Zealand).

  • Latin America includes Central American countries and the South American continent

  • Middle East includes Western Asia (as assigned by the UN Statistics Division) and the African continent.

Primary Research

GVR strives to procure the latest and unique information for reports directly from industry experts, which gives it a competitive edge. Quality is of utmost importance to us, therefore every year we focus on increasing our experts’ panel. Primary interviews are one of the critical steps in identifying recent market trends and scenarios. This process enables us to justify and validate our market estimates and forecasts to our clients. With more than 8,000 reports in our database, we have connected with some key opinion leaders across various domains, including healthcare, technology, consumer goods, and the chemical sector. Our process starts with identifying the right platform for a particular type of report, i.e., emails, LinkedIn, seminars, or telephonic conversation, as every report is unique and requires a differentiated approach.

We send out questionnaires to different experts from various regions/ countries, which is dependent on the following factors:

  • Report/Market scope: If the market study is global, we send questionnaires to industry experts across various regions, including North America, Europe, Asia Pacific, Latin America, and MEA.

  • Market Penetration: If the market is driven by technological advancements, population density, disease prevalence, or other factors, we identify experts and send out questionnaires based on region or country dominance.

The time to start receiving responses from industry experts varies based on how niche or well-penetrated the market is. Our reports include a detailed chapter on the KoL opinion section, which helps our clients understand the perspective of experts already in the market space.

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