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Stainless Steel Market
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Stainless Steel Market

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Stainless Steel Market - Global Size, Share, Trend Analysis, Opportunity and Forecast Report, 2019–2029, Segmented By Grade (200 Series, 300 Series, 400 series, Duplex series); By Product (Flat, Long); By Application (Building & Construction, Automotive & Transportation, Consumer Goods, Mechanical Engineering & Heavy Industries); By Region (North America, Europe, Asia Pacific, Latin America, Middle East and Africa)

  • Published Date: November 2023
  • Report ID: BWC23951
  • Available Format: PDF
  • Page: 400

Report Overview

Increasing demand in construction and infrastructure projects, growth in the automotive industry, expanding applications in the manufacturing sector, and rising preference for corrosion-resistant materials. Market dynamics also respond to fluctuations in raw material prices and technological advancements contribute to the growth of Global Stainless Steel Market during the forecast period between 2023 and 2029.

Global Stainless Steel Market – Industry Trends & Forecast Report, 2029

Global stainless steel market size was estimated at USD 122.36 billion in 2022. During the forecast period between 2023 and 2029, the size of global stainless steel market is projected to grow at a CAGR of 6.58% reaching a value of USD 179.36 billion by 2029. Global stainless steel market is influenced by several key driving factors. It is driven by its widespread use in various industries, including construction, automotive, and manufacturing, due to its corrosion resistance and durability. Also, the growing urbanization and infrastructure development in emerging economies contribute to increased demand. Technological advancements and innovations in stainless steel production processes also play a crucial role. Fluctuations in raw material prices, particularly nickel and chromium, impact market dynamics. Environmental concerns and a push for sustainable materials are promoting the use of stainless steel in various applications, further propelling market growth.

Stainless Steel Market

Stainless Steel - Overview

Stainless steel is a corrosion-resistant alloy composed of iron, chromium, nickel, and other elements. It is renowned for its durability, versatility, and aesthetic appeal. Its resistance to rust and staining makes it ideal for a wide range of applications, from kitchen appliances and cutlery to industrial machinery and architectural structures. Stainless steel comes in various grades, each with unique properties, making it suitable for both high-temperature and low-temperature environments. Its non-reactive nature with food and ability to maintain a polished finish has made it a popular choice in the culinary and medical industries. Overall, stainless steel is a widely used material known for its strength, hygiene, and longevity.

Global Stainless Steel Market

Growth Drivers

Sustainable Construction and Automotive Industries

Stainless steel is experiencing robust growth due to the thriving construction and automotive sectors. As the world shifts toward sustainable practices, stainless steel's corrosion resistance, durability, and recyclability make it a preferred material choice for infrastructure and vehicle manufacturers. Also, stainless steel's applications in medical equipment, aerospace, and consumer goods continue to expand. The demand surge is further augmented by the metal's low maintenance costs and increasing adoption in kitchen appliances and industrial machinery. With the relentless growth in key end-use industries, the global stainless steel market is set to flourish, providing enduring market opportunities.

Restraints

Resource Scarcity Poses Threat to Global Stainless Steel Market

Unique restraint facing the global stainless steel market is the increasing scarcity of crucial raw materials. As stainless steel production heavily relies on nickel and chromium, a finite supply of these elements is putting pressure on the industry. Rising demand for stainless steel, coupled with geopolitical tensions and environmental concerns surrounding mining activities, has exacerbated this challenge. The limited availability of these essential components threatens price stability, potentially leading to increased production costs and supply chain disruptions. Market players must innovate in material sourcing or diversify their resource base to ensure the long-term sustainability of the stainless steel sector.

Impact of COVID-19 on Global Stainless Steel Market

Global stainless steel market significantly impacted by the COVID-19 pandemic. The widespread economic slowdown and disruptions in the manufacturing and construction industries have led to decreased demand for stainless steel products. Supply chain interruptions, labor shortages, and reduced investments in infrastructure projects have further contributed to market challenges. However, the medical and healthcare sectors have seen increased demand for stainless steel equipment due to its hygienic properties. While the market has faced short-term setbacks, it is expected to recover gradually as the global economy stabilizes and industries adapt to the new normal of pandemic-related uncertainties.

Global Stainless Steel Market

Segmental Coverage

Global Stainless Steel Market – By Grade

Based on grade, global stainless steel market is bifurcated into 200 series, 300 series, 400 series, and Duplex series segments. The 300 series is the largest segment, known for its excellent corrosion resistance and versatility, making it widely used in various industries, including construction, automotive, and food processing. This segment comprises stainless steels such as 304 and 316, prized for their durability and performance in corrosive environments. Its prominence in the market reflects its adaptability and reliability, which are essential qualities in a wide range of applications.

Stainless Steel Market Share

Global Stainless Steel Market – By Product

By product, global stainless steel market is divided into Flat and Long segments. The flat segment comprises products like stainless steel sheets, plates, and coils, typically used in applications such as construction, automotive, and kitchen appliances. On the other hand, the Long segment includes stainless steel bars, rods, and wires, often employed in industries like construction, manufacturing, and infrastructure. These two segments represent the primary divisions within the stainless steel market, catering to a wide range of industrial and consumer needs worldwide.

Global Stainless Steel Market – By Application

By application, global stainless steel market is divided into Building & Construction, Automotive & Transportation, Consumer Goods, Mechanical Engineering & Heavy Industries segments. Building & Construction stands out as one of the largest segments, driven by the demand for stainless steel in architectural structures, infrastructure projects, and interior applications. It is closely followed by the Automotive & Transportation sector, which relies on stainless steel for vehicle components and exhaust systems. These segments reflect the widespread utility of stainless steel in various industries, contributing significantly to its global market presence.

Global Stainless Steel Market – By Region

By country, global stainless steel market is divided into North America, Europe, Asia Pacific (APAC), Latin America (LATAM), Middle East and Africa (MEA). APAC typically holds the largest share of the stainless steel market. This is primarily attributed to the region's robust industrialization, infrastructure development, and growing demand for stainless steel across various applications, including construction, automotive, and manufacturing. Therefore, APAC's dominant position underscores its significance as a key driver in the global stainless steel market's growth and expansion.

Competitive Landscape

Major players in the global stainless steel market include Acerinox S.A., Aperam Stainless, ArcelorMittal, Baosteel Group, Jindal Stainless, Nippon Steel Corporation, Outokumpu, POSCO, ThyssenKrupp Stainless GmbH, Yieh United Steel Corp., TISCO (Taiyuan Iron and Steel Group), AK Steel Holding Corporation, Sandvik AB, Nisshin Steel Co., Ltd, and JFE Steel Corporation. To grow their market share, these companies are also focusing on investing in innovations, collaborations, and expansions.

Scope of the Report

Attributes

Details

Years Considered

Historical Data – 2019–2022

Base Year – 2022

Estimated Year – 2023

Forecast Period – 2023–2029

Facts Covered

Revenue in USD Billion

Market Coverage

North America, Europe, Asia Pacific (APAC), Latin America (LATAM), Middle East and Africa (MEA)

Product/ Service Segmentation

Grade, Product, Application, Region

Key Players

Acerinox S.A., Aperam Stainless, ArcelorMittal, Baosteel Group, Jindal Stainless, Nippon Steel Corporation, Outokumpu, POSCO, ThyssenKrupp Stainless GmbH, Yieh United Steel Corp., TISCO (Taiyuan Iron and Steel Group, AK Steel Holding Corporation, Sandvik AB, Nisshin Steel Co., Ltd, JFE Steel Corporation

 

 

By Grade

  • 200 series

  • 300 series

  • 400 series

  • Duplex series

By Product

  • Flat

  • Long

 

By Application

  • Building & Construction

  • Automotive & Transportation

  • Consumer Goods

  • Mechanical Engineering & Heavy Industries

By Region

  • North America

  • Europe

  • Asia Pacific (APAC)

  • Latin America (LATAM)

  • Middle East and Africa (MEA)

  1. Research Framework
    1. Research Objective
    2. Product Overview
    3. Market Segmentation
  2. Executive Summary
  3.  Global Stainless Steel Market Insights
    1. Industry Value Chain Analysis
    2. DROC Analysis
      1. Growth Drivers
        1. Increase in demand from consumer goods sector
        2. Rapid growth in automotive sector
      2. Restraints
        1. Increasing fluctuations in the price of stainless steel
        2. Availability of substitute products
      3. Opportunities
        1. Rapid urbanization and infrastructure development
        2. Rising technological development in steel
      4. Challenges
        1. Stringent environmental regulations and increasing focus on sustainability
    3. Technological Advancements/Recent Developments
    4. Regulatory Framework
    5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
  4. Global Stainless Steel Market Overview
    1. Market Size & Forecast, 2019–2029
      1. By Value (USD Million)
    2. Market Share and Forecast
      1. By Grade
        1. 200 series
        2. 300 series
        3. 400 series
        4. Duplex series
        5. Others
      2. By Product
        1. Flat
        2. Long
      3. By Application
        1. Building & Construction
        2. Automotive & Transportation
        3. Consumer Goods
        4. Mechanical Engineering & Heavy Industries
        5. Others
      4. By Region
        1. North America
        2. Europe
        3. Asia Pacific (APAC)
        4. Latin America (LATAM)
        5. Middle East and Africa (MEA)
  5. North America Stainless Steel Market
    1. Market Size & Forecast, 2019–2029
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Grade
      2. By Product
      3. By Application
      4. By Country
        1. United States
          1. By Grade
          2. By Product
          3. By Application
        2. Canada
          1. By Grade
          2. By Product
          3. By Application
  6. Europe Stainless Steel Market
    1. Market Size & Forecast, 2019–2029
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Grade
      2. By Product
      3. By Application
      4. By Country
        1. Germany
          1. By Grade
          2. By Product
          3. By Application
        2. United Kingdom
          1. By Grade
          2. By Product
          3. By Application
        3. Italy
          1. By Grade
          2. By Product
          3. By Application
        4. France
          1. By Grade
          2. By Product
          3. By Application
        5. Spain
          1. By Grade
          2. By Product
          3. By Application
        6. Belgium
          1. By Grade
          2. By Product
          3. By Application
        7. Russia
          1. By Grade
          2. By Product
          3. By Application
        8. The Netherlands
          1. By Grade
          2. By Product
          3. By Application
        9. Rest of Europe
          1. By Grade
          2. By Product
          3. By Application
  7. Asia-Pacific Stainless Steel Market
    1. Market Size & Forecast, 2019–2029
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Grade
      2. By Product
      3. By Application
      4. By Country
        1. China
          1. By Grade
          2. By Product
          3. By Application
        2. India
          1. By Grade
          2. By Product
          3. By Application
        3. Japan
          1. By Grade
          2. By Product
          3. By Application
        4. South Korea
          1. By Grade
          2. By Product
          3. By Application
        5. Australia & New Zealand
          1. By Grade
          2. By Product
          3. By Application
        6. Indonesia
          1. By Grade
          2. By Product
          3. By Application
        7. Malaysia
          1. By Grade
          2. By Product
          3. By Application
        8. Singapore
          1. By Grade
          2. By Product
          3. By Application
        9. Vietnam
          1. By Grade
          2. By Product
          3. By Application
        10. Rest of APAC
          1. By Grade
          2. By Product
          3. By Application
  8. Latin America Stainless Steel Market
    1. Market Size & Forecast, 2019–2029
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Grade
      2. By Product
      3. By Application
      4. By Country
        1. Brazil
          1. By Grade
          2. By Product
          3. By Application
        2. Mexico
          1. By Grade
          2. By Product
          3. By Application
        3. Argentina
          1. By Grade
          2. By Product
          3. By Application
        4. Peru
          1. By Grade
          2. By Product
          3. By Application
        5. Rest of LATAM
          1. By Grade
          2. By Product
          3. By Application
  9. Middle East & Africa Stainless Steel Market
    1. Market Size & Forecast, 2019–2029
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Grade
      2. By Product
      3. By Application
      4. By Country
        1. Saudi Arabia
          1. By Grade
          2. By Product
          3. By Application
        2. UAE
          1. By Grade
          2. By Product
          3. By Application
        3. Qatar
          1. By Grade
          2. By Product
          3. By Application
        4. Kuwait
          1. By Grade
          2. By Product
          3. By Application
        5. South Africa
          1. By Grade
          2. By Product
          3. By Application
        6. Nigeria
          1. By Grade
          2. By Product
          3. By Application
        7. Algeria
          1. By Grade
          2. By Product
          3. By Application
        8. Rest of MEA
          1. By Grade
          2. By Product
          3. By Application
  10. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. Global Stainless Steel Market Share Analysis, 2022
    3. Competitive Benchmarking, By Operating Parameters
    4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
  11. Impact of COVID-19 on Global Stainless Steel Market
  12. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
    1. Acerinox S.A.
    2. Aperam Stainless
    3. ArcelorMittal
    4. Baosteel Group
    5. Jindal Stainless
    6. Nippon Steel Corporation
    7. Outokumpu
    8. POSCO
    9. ThyssenKrupp Stainless GmbH
    10. Yieh United Steel Corp.
    11. TISCO (Taiyuan Iron and Steel Group
    12. AK Steel Holding Corporation
    13. Sandvik AB
    14. Nisshin Steel Co., Ltd
    15. JFE Steel Corporation
    16. Other Prominent Players
  13. Key Strategic Recommendations
  14. Research Methodology
    1.   Qualitative Research
      1.  Primary & Secondary Research
    2.   Quantitative Research
    3.   Market Breakdown & Data Triangulation
      1.  Secondary Research
      2.  Primary Research
    4.   Breakdown of Primary Research Respondents, By Region
    5.   Assumptions & Limitations

*Financial information of non-listed companies can be provided as per availability.

**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable

 

List of Figures

Figure 1       Global Stainless Steel Segmentation

Figure 2       Global Stainless Steel Market Value Chain Analysis

Figure 3       Company Market Share Analysis, 2022

Figure 4       Global Stainless Steel Market Size, By Value (USD Million), 2019–2029

Figure 5       Global Stainless Steel Market Share, By Grade, By Value, 2019–2029

Figure 6       Global Stainless Steel Market Share, By Product, By Value, 2019–2029

Figure 7       Global Stainless Steel Market Share, By Application, By Value, 2019–2029

Figure 8       Global Stainless Steel Market Share, By Region, By Value, 2019–2029

Figure 9       North America Stainless Steel Market Size, By Value (USD Million), 2019–2029

Figure 10     North America Stainless Steel Market Share, By Grade, By Value, 2019–2029

Figure 11     North America Stainless Steel Market Share, By Product, By Value, 2019–2029

Figure 12     North America Stainless Steel Market Share, By Application, By Value, 2019–2029

Figure 13     North America Stainless Steel Market Share, By Country, By Value, 2019–2029

Figure 14     United States Stainless Steel Market Size, By Value (USD Million), 2019–2029

Figure 15     United States Stainless Steel Market Share, By Grade, By Value, 2019–2029

Figure 16     United States Stainless Steel Market Share, By Product, By Value, 2019–2029

Figure 17     United States Stainless Steel Market Share, By Application, By Value, 2019–2029

Figure 18     Canada Stainless Steel Market Size, By Value (USD Million), 2019–2029

Figure 19     Canada Stainless Steel Market Share, By Grade, By Value, 2019–2029

Figure 20     Canada Stainless Steel Market Share, By Product, By Value, 2019–2029

Figure 21     Canada Stainless Steel Market Share, By Application, By Value, 2019–2029

Figure 22     Europe Stainless Steel Market Size, By Value (USD Million), 2019–2029

Figure 23     Europe Stainless Steel Market Share, By Grade, By Value, 2019–2029

Figure 24     Europe Stainless Steel Market Share, By Product, By Value, 2019–2029

Figure 25     Europe Stainless Steel Market Share, By Application, By Value, 2019–2029

Figure 26     Europe Stainless Steel Market Share, By Country, By Value, 2019–2029

Figure 27     Germany Stainless Steel Market Size, By Value (USD Million), 2019–2029

Figure 28     Germany Stainless Steel Market Share, By Grade, By Value, 2019–2029

Figure 29     Germany Stainless Steel Market Share, By Product, By Value, 2019–2029

Figure 30     Germany Stainless Steel Market Share, By Application, By Value, 2019–2029

Figure 31     United Kingdom Stainless Steel Market Size, By Value (USD Million), 2019–2029

Figure 32     United Kingdom Stainless Steel Market Share, By Grade, By Value, 2019–2029

Figure 33     United Kingdom Stainless Steel Market Share, By Product, By Value, 2019–2029

Figure 34     United Kingdom Stainless Steel Market Share, By Application, By Value, 2019–2029

Figure 35     Italy Stainless Steel Market Size, By Value (USD Million), 2019–2029

Figure 36     Italy Stainless Steel Market Share, By Grade, By Value, 2019–2029

Figure 37     Italy Stainless Steel Market Share, By Product, By Value, 2019–2029

Figure 38     Italy Stainless Steel Market Share, By Application, By Value, 2019–2029

Figure 39     France Stainless Steel Market Size, By Value (USD Million), 2019–2029

Figure 40     France Stainless Steel Market Share, By Grade, By Value, 2019–2029

Figure 41     France Stainless Steel Market Share, By Product, By Value, 2019–2029

Figure 42     France Stainless Steel Market Share, By Application, By Value, 2019–2029

Figure 43     Spain Stainless Steel Market Size, By Value (USD Million), 2019–2029

Figure 44     Spain Stainless Steel Market Share, By Grade, By Value, 2019–2029

Figure 45     Spain Stainless Steel Market Share, By Product, By Value, 2019–2029

Figure 46     Spain Stainless Steel Market Share, By Application, By Value, 2019–2029

Figure 47     Belgium Stainless Steel Market Size, By Value (USD Million), 2019–2029

Figure 48     Belgium Stainless Steel Market Share, By Grade, By Value, 2019–2029

Figure 49     Belgium Stainless Steel Market Share, By Product, By Value, 2019–2029

Figure 50     Belgium Stainless Steel Market Share, By Application, By Value, 2019–2029

Figure 51     Russia Stainless Steel Market Size, By Value (USD Million), 2019–2029

Figure 52     Russia Stainless Steel Market Share, By Grade, By Value, 2019–2029

Figure 53     Russia Stainless Steel Market Share, By Product, By Value, 2019–2029

Figure 54     Russia Stainless Steel Market Share, By Application, By Value, 2019–2029

Figure 55     The Netherlands Stainless Steel Market Size, By Value (USD Million), 2019–2029

Figure 56     The Netherlands Stainless Steel Market Share, By Grade, By Value, 2019–2029

Figure 57     The Netherlands Stainless Steel Market Share, By Product, By Value, 2019–2029

Figure 58     The Netherlands Stainless Steel Market Share, By Application, By Value, 2019–2029

Figure 59     Rest of Europe Stainless Steel Market Size, By Value (USD Million), 2019–2029

Figure 60     Rest of Europe Stainless Steel Market Share, By Grade, By Value, 2019–2029

Figure 61     Rest of Europe Stainless Steel Market Share, By Product, By Value, 2019–2029

Figure 62     Rest of Europe Stainless Steel Market Share, By Application, By Value, 2019–2029

Figure 63     Asia-Pacific Stainless Steel Market Size, By Value (USD Million), 2019–2029

Figure 64     Asia-Pacific Stainless Steel Market Share, By Grade, By Value, 2019–2029

Figure 65     Asia-Pacific Stainless Steel Market Share, By Product, By Value, 2019–2029

Figure 66     Asia-Pacific Stainless Steel Market Share, By Application, By Value, 2019–2029

Figure 67     Asia-Pacific Stainless Steel Market Share, By Country, By Value, 2019–2029

Figure 68     China Stainless Steel Market Size, By Value (USD Million), 2019–2029

Figure 69     China Stainless Steel Market Share, By Grade, By Value, 2019–2029

Figure 70     China Stainless Steel Market Share, By Product, By Value, 2019–2029

Figure 71     China Stainless Steel Market Share, By Application, By Value, 2019–2029

Figure 72     India Stainless Steel Market Size, By Value (USD Million), 2019–2029

Figure 73     India Stainless Steel Market Share, By Grade, By Value, 2019–2029

Figure 74     India Stainless Steel Market Share, By Product, By Value, 2019–2029

Figure 75     India Stainless Steel Market Share, By Application, By Value, 2019–2029

Figure 76     Japan Stainless Steel Market Size, By Value (USD Million), 2019–2029

Figure 77     Japan Stainless Steel Market Share, By Grade, By Value, 2019–2029

Figure 78     Japan Stainless Steel Market Share, By Product, By Value, 2019–2029

Figure 79     Japan Stainless Steel Market Share, By Application, By Value, 2019–2029

Figure 80     South Korea Stainless Steel Market Size, By Value (USD Million), 2019–2029

Figure 81     South Korea Stainless Steel Market Share, By Grade, By Value, 2019–2029

Figure 82     South Korea Stainless Steel Market Share, By Product, By Value, 2019–2029

Figure 83     South Korea Stainless Steel Market Share, By Application, By Value, 2019–2029

Figure 84     Australia & New Zealand Stainless Steel Market Size, By Value (USD Million), 2019–2029

Figure 85     Australia & New Zealand Stainless Steel Market Share, By Grade, By Value, 2019–2029

Figure 86     Australia & New Zealand Stainless Steel Market Share, By Product, By Value, 2019–2029

Figure 87     Australia & New Zealand Stainless Steel Market Share, By Application, By Value, 2019–2029

Figure 88     Indonesia Stainless Steel Market Size, By Value (USD Million), 2019–2029

Figure 89     Indonesia Stainless Steel Market Share, By Grade, By Value, 2019–2029

Figure 90     Indonesia Stainless Steel Market Share, By Product, By Value, 2019–2029

Figure 91     Indonesia Stainless Steel Market Share, By Application, By Value, 2019–2029

Figure 92     Malaysia Stainless Steel Market Size, By Value (USD Million), 2019–2029

Figure 93     Malaysia Stainless Steel Market Share, By Grade, By Value, 2019–2029

Figure 94     Malaysia Stainless Steel Market Share, By Product, By Value, 2019–2029

Figure 95     Malaysia Stainless Steel Market Share, By Application, By Value, 2019–2029

Figure 96     Singapore Stainless Steel Market Size, By Value (USD Million), 2019–2029

Figure 97     Singapore Stainless Steel Market Share, By Grade, By Value, 2019–2029

Figure 98     Singapore Stainless Steel Market Share, By Product, By Value, 2019–2029

Figure 99     Singapore Stainless Steel Market Share, By Application, By Value, 2019–2029

Figure 100   Vietnam Stainless Steel Market Size, By Value (USD Million), 2019–2029

Figure 101   Vietnam Stainless Steel Market Share, By Grade, By Value, 2019–2029

Figure 102   Vietnam Stainless Steel Market Share, By Product, By Value, 2019–2029

Figure 103   Vietnam Stainless Steel Market Share, By Application, By Value, 2019–2029

Figure 104   Rest of APAC Stainless Steel Market Size, By Value (USD Million), 2019–2029

Figure 105   Rest of APAC Stainless Steel Market Share, By Grade, By Value, 2019–2029

Figure 106   Rest of APAC Stainless Steel Market Share, By Product, By Value, 2019–2029

Figure 107   Rest of APAC Stainless Steel Market Share, By Application, By Value, 2019–2029

Figure 108   Latin America Stainless Steel Market Size, By Value (USD Million), 2019–2029

Figure 109   Latin America Stainless Steel Market Share, By Grade, By Value, 2019–2029

Figure 110   Latin America Stainless Steel Market Share, By Product, By Value, 2019–2029

Figure 111   Latin America Stainless Steel Market Share, By Application, By Value, 2019–2029

Figure 112   Latin America Stainless Steel Market Share, By Country, By Value, 2019–2029

Figure 113   Brazil Stainless Steel Market Size, By Value (USD Million), 2019–2029

Figure 114   Brazil Stainless Steel Market Share, By Grade, By Value, 2019–2029

Figure 115   Brazil Stainless Steel Market Share, By Product, By Value, 2019–2029

Figure 116   Brazil Stainless Steel Market Share, By Application, By Value, 2019–2029

Figure 117   Mexico Stainless Steel Market Size, By Value (USD Million), 2019–2029

Figure 118   Mexico Stainless Steel Market Share, By Grade, By Value, 2019–2029

Figure 119   Mexico Stainless Steel Market Share, By Product, By Value, 2019–2029

Figure 120   Mexico Stainless Steel Market Share, By Application, By Value, 2019–2029

Figure 121   Argentina Stainless Steel Market Size, By Value (USD Million), 2019–2029

Figure 122   Argentina Stainless Steel Market Share, By Grade, By Value, 2019–2029

Figure 123   Argentina Stainless Steel Market Share, By Product, By Value, 2019–2029

Figure 124   Argentina Stainless Steel Market Share, By Application, By Value, 2019–2029

Figure 125   Peru Stainless Steel Market Size, By Value (USD Million), 2019–2029

Figure 126   Peru Stainless Steel Market Share, By Grade, By Value, 2019–2029

Figure 127   Peru Stainless Steel Market Share, By Product, By Value, 2019–2029

Figure 128   Peru Stainless Steel Market Share, By Application, By Value, 2019–2029

Figure 129   Rest of LATAM Stainless Steel Market Size, By Value (USD Million), 2019–2029

Figure 130   Rest of LATAM Stainless Steel Market Share, By Grade, By Value, 2019–2029

Figure 131   Rest of LATAM Stainless Steel Market Share, By Product, By Value, 2019–2029

Figure 132   Rest of LATAM Stainless Steel Market Share, By Application, By Value, 2019–2029

Figure 133   Middle East & Africa Stainless Steel Market Size, By Value (USD Million), 2019–2029

Figure 134   Middle East & Africa Stainless Steel Market Share, By Grade, By Value, 2019–2029

Figure 135   Middle East & Africa Stainless Steel Market Share, By Product, By Value, 2019–2029

Figure 136   Middle East & Africa Stainless Steel Market Share, By Application, By Value, 2019–2029

Figure 137   Middle East & Africa Stainless Steel Market Share, By Country, By Value, 2019–2029

Figure 138   Saudi Arabia Stainless Steel Market Size, By Value (USD Million), 2019–2029

Figure 139   Saudi Arabia Stainless Steel Market Share, By Grade, By Value, 2019–2029

Figure 140   Saudi Arabia Stainless Steel Market Share, By Product, By Value, 2019–2029

Figure 141   Saudi Arabia Stainless Steel Market Share, By Application, By Value, 2019–2029

Figure 142   UAE Stainless Steel Market Size, By Value (USD Million), 2019–2029

Figure 143   UAE Stainless Steel Market Share, By Grade, By Value, 2019–2029

Figure 144   UAE Stainless Steel Market Share, By Product, By Value, 2019–2029

Figure 145   UAE Stainless Steel Market Share, By Application, By Value, 2019–2029

Figure 146   Qatar Stainless Steel Market Size, By Value (USD Million), 2019–2029

Figure 147   Qatar Stainless Steel Market Share, By Grade, By Value, 2019–2029

Figure 148   Qatar Stainless Steel Market Share, By Product, By Value, 2019–2029

Figure 149   Qatar Stainless Steel Market Share, By Application, By Value, 2019–2029

Figure 150   Kuwait Stainless Steel Market Size, By Value (USD Million), 2019–2029

Figure 151   Kuwait Stainless Steel Market Share, By Grade, By Value, 2019–2029

Figure 152   Kuwait Stainless Steel Market Share, By Product, By Value, 2019–2029

Figure 153   Kuwait Stainless Steel Market Share, By Application, By Value, 2019–2029

Figure 154   South Africa Stainless Steel Market Size, By Value (USD Million), 2019–2029

Figure 155   South Africa Stainless Steel Market Share, By Grade, By Value, 2019–2029

Figure 156   South Africa Stainless Steel Market Share, By Product, By Value, 2019–2029

Figure 157   South Africa Stainless Steel Market Share, By Application, By Value, 2019–2029

Figure 158   Nigeria Stainless Steel Market Size, By Value (USD Million), 2019–2029

Figure 159   Nigeria Stainless Steel Market Share, By Grade, By Value, 2019–2029

Figure 160   Nigeria Stainless Steel Market Share, By Product, By Value, 2019–2029

Figure 161   Nigeria Stainless Steel Market Share, By Application, By Value, 2019–2029

Figure 162   Algeria Stainless Steel Market Size, By Value (USD Million), 2019–2029

Figure 163   Algeria Stainless Steel Market Share, By Grade, By Value, 2019–2029

Figure 164   Algeria Stainless Steel Market Share, By Product, By Value, 2019–2029

Figure 165   Algeria Stainless Steel Market Share, By Application, By Value, 2019–2029

Figure 166   Rest of MEA Stainless Steel Market Size, By Value (USD Million), 2019–2029

Figure 167   Rest of MEA Stainless Steel Market Share, By Grade, By Value, 2019–2029

Figure 168   Rest of MEA Stainless Steel Market Share, By Product, By Value, 2019–2029

Figure 169   Rest of MEA Stainless Steel Market Share, By Application, By Value, 2019–2029

 

List of Tables

 

 

Table 1   Global Stainless Steel Market Size, By Value (USD Million), 2019–2029

Table 2   Global Stainless Steel Market Share, By Grade, By Value, 2019–2029

Table 3   Global Stainless Steel Market Share, By Product, By Value, 2019–2029

Table 4   Global Stainless Steel Market Share, By Application, By Value, 2019–2029

Table 5    Global Stainless Steel Market Share, By Region, By Value, 2019–2029

Table 6    North America Stainless Steel Market Size, By Value (USD Million), 2019–2029

Table 7    North America Stainless Steel Market Share, By Grade, By Value, 2019–2029

Table 8    North America Stainless Steel Market Share, By Product, By Value, 2019–2029

Table 9    North America Stainless Steel Market Share, By Application, By Value, 2019–2029

Table 10      North America Stainless Steel Market Share, By Country, By Value, 2019–2029

Table 11      United States Stainless Steel Market Size, By Value (USD Million), 2019–2029

Table 12      United States Stainless Steel Market Share, By Grade, By Value, 2019–2029

Table 13      United States Stainless Steel Market Share, By Product, By Value, 2019–2029

Table 14      United States Stainless Steel Market Share, By Application, By Value, 2019–2029

Table 15      Canada Stainless Steel Market Size, By Value (USD Million), 2019–2029

Table 16      Canada Stainless Steel Market Share, By Grade, By Value, 2019–2029

Table 17      Canada Stainless Steel Market Share, By Product, By Value, 2019–2029

Table 18      Canada Stainless Steel Market Share, By Application, By Value, 2019–2029

Table 19      Europe Stainless Steel Market Size, By Value (USD Million), 2019–2029

Table 20      Europe Stainless Steel Market Share, By Grade, By Value, 2019–2029

Table 21      Europe Stainless Steel Market Share, By Product, By Value, 2019–2029

Table 22      Europe Stainless Steel Market Share, By Application, By Value, 2019–2029

Table 23      Europe Stainless Steel Market Share, By Country, By Value, 2019–2029

Table 24      Germany Stainless Steel Market Size, By Value (USD Million), 2019–2029

Table 25      Germany Stainless Steel Market Share, By Grade, By Value, 2019–2029

Table 26      Germany Stainless Steel Market Share, By Product, By Value, 2019–2029

Table 27      Germany Stainless Steel Market Share, By Application, By Value, 2019–2029

Table 28      UNITED KINGDOM Stainless Steel Market Size, By Value (USD Million), 2019–2029

Table 29      UNITED KINGDOM Stainless Steel Market Share, By Grade, By Value, 2019–2029

Table 30      UNITED KINGDOM Stainless Steel Market Share, By Product, By Value, 2019–2029

Table 31      UNITED KINGDOM Stainless Steel Market Share, By Application, By Value, 2019–2029

Table 32      Italy Stainless Steel Market Size, By Value (USD Million), 2019–2029

Table 33      Italy Stainless Steel Market Share, By Grade, By Value, 2019–2029

Table 34      Italy Stainless Steel Market Share, By Product, By Value, 2019–2029

Table 35      Italy Stainless Steel Market Share, By Application, By Value, 2019–2029

Table 36      France Stainless Steel Market Size, By Value (USD Million), 2019–2029

Table 37      France Stainless Steel Market Share, By Grade, By Value, 2019–2029

Table 38      France Stainless Steel Market Share, By Product, By Value, 2019–2029

Table 39      France Stainless Steel Market Share, By Application, By Value, 2019–2029

Table 40      Spain Stainless Steel Market Size, By Value (USD Million), 2019–2029

Table 41      Spain Stainless Steel Market Share, By Grade, By Value, 2019–2029

Table 42      Spain Stainless Steel Market Share, By Product, By Value, 2019–2029

Table 43      Spain Stainless Steel Market Share, By Application, By Value, 2019–2029

Table 44      Belgium Stainless Steel Market Size, By Value (USD Million), 2019–2029

Table 45      Belgium Stainless Steel Market Share, By Grade, By Value, 2019–2029

Table 46      Belgium Stainless Steel Market Share, By Product, By Value, 2019–2029

Table 47      Belgium Stainless Steel Market Share, By Application, By Value, 2019–2029

Table 48      Russia Stainless Steel Market Size, By Value (USD Million), 2019–2029

Table 49      Russia Stainless Steel Market Share, By Grade, By Value, 2019–2029

Table 50      Russia Stainless Steel Market Share, By Product, By Value, 2019–2029

Table 51      Russia Stainless Steel Market Share, By Application, By Value, 2019–2029

Table 52      The Netherlands Stainless Steel Market Size, By Value (USD Million), 2019–2029

Table 53      The Netherlands Stainless Steel Market Share, By Grade, By Value, 2019–2029

Table 54      The Netherlands Stainless Steel Market Share, By Product, By Value, 2019–2029

Table 55      The Netherlands Stainless Steel Market Share, By Application, By Value, 2019–2029

Table 56      Rest of Europe Stainless Steel Market Size, By Value (USD Million), 2019–2029

Table 57      Rest of Europe Stainless Steel Market Share, By Grade, By Value, 2019–2029

Table 58      Rest of Europe Stainless Steel Market Share, By Product, By Value, 2019–2029

Table 59      Rest of Europe Stainless Steel Market Share, By Application, By Value, 2019–2029

Table 60      Asia-Pacific Stainless Steel Market Size, By Value (USD Million), 2019–2029

Table 61      Asia-Pacific Stainless Steel Market Share, By Grade, By Value, 2019–2029

Table 62      Asia-Pacific Stainless Steel Market Share, By Product, By Value, 2019–2029

Table 63      Asia-Pacific Stainless Steel Market Share, By Application, By Value, 2019–2029

Table 64      Asia-Pacific Stainless Steel Market Share, By Country, By Value, 2019–2029

Table 65      China Stainless Steel Market Size, By Value (USD Million), 2019–2029

Table 66      China Stainless Steel Market Share, By Grade, By Value, 2019–2029

Table 67      China Stainless Steel Market Share, By Product, By Value, 2019–2029

Table 68      China Stainless Steel Market Share, By Application, By Value, 2019–2029

Table 69      India Stainless Steel Market Size, By Value (USD Million), 2019–2029

Table 70      India Stainless Steel Market Share, By Grade, By Value, 2019–2029

Table 71      India Stainless Steel Market Share, By Product, By Value, 2019–2029

Table 72      India Stainless Steel Market Share, By Application, By Value, 2019–2029

Table 73      Japan Stainless Steel Market Size, By Value (USD Million), 2019–2029

Table 74      Japan Stainless Steel Market Share, By Grade, By Value, 2019–2029

Table 75      Japan Stainless Steel Market Share, By Product, By Value, 2019–2029

Table 76      Japan Stainless Steel Market Share, By Application, By Value, 2019–2029

Table 77      South Korea Stainless Steel Market Size, By Value (USD Million), 2019–2029

Table 78      South Korea Stainless Steel Market Share, By Grade, By Value, 2019–2029

Table 79      South Korea Stainless Steel Market Share, By Product, By Value, 2019–2029

Table 80      South Korea Stainless Steel Market Share, By Application, By Value, 2019–2029

Table 81      Australia & New Zealand Stainless Steel Market Size, By Value (USD Million), 2019–2029

Table 82      Australia & New Zealand Stainless Steel Market Share, By Grade, By Value, 2019–2029

Table 83      Australia & New Zealand Stainless Steel Market Share, By Product, By Value, 2019–2029

Table 84      Australia & New Zealand Stainless Steel Market Share, By Application, By Value, 2019–2029

Table 85      Indonesia Stainless Steel Market Size, By Value (USD Million), 2019–2029

Table 86      Indonesia Stainless Steel Market Share, By Grade, By Value, 2019–2029

Table 87      Indonesia Stainless Steel Market Share, By Product, By Value, 2019–2029

Table 88      Indonesia Stainless Steel Market Share, By Application, By Value, 2019–2029

Table 89      Malaysia Stainless Steel Market Size, By Value (USD Million), 2019–2029

Table 90      Malaysia Stainless Steel Market Share, By Grade, By Value, 2019–2029

Table 91      Malaysia Stainless Steel Market Share, By Product, By Value, 2019–2029

Table 92      Malaysia Stainless Steel Market Share, By Application, By Value, 2019–2029

Table 93      Singapore Stainless Steel Market Size, By Value (USD Million), 2019–2029

Table 94      Singapore Stainless Steel Market Share, By Grade, By Value, 2019–2029

Table 95      Singapore Stainless Steel Market Share, By Product, By Value, 2019–2029

Table 96      Singapore Stainless Steel Market Share, By Application, By Value, 2019–2029

Table 97      Vietnam Stainless Steel Market Size, By Value (USD Million), 2019–2029

Table 98      Vietnam Stainless Steel Market Share, By Grade, By Value, 2019–2029

Table 99      Vietnam Stainless Steel Market Share, By Product, By Value, 2019–2029

Table 100    Vietnam Stainless Steel Market Share, By Application, By Value, 2019–2029

Table 101    Rest of APAC Stainless Steel Market Size, By Value (USD Million), 2019–2029

Table 102    Rest of APAC Stainless Steel Market Share, By Grade, By Value, 2019–2029

Table 103    Rest of APAC Stainless Steel Market Share, By Product, By Value, 2019–2029

Table 104    Rest of APAC Stainless Steel Market Share, By Application, By Value, 2019–2029

Table 105    Latin America Stainless Steel Market Size, By Value (USD Million), 2019–2029

Table 106    Latin America Stainless Steel Market Share, By Grade, By Value, 2019–2029

Table 107    Latin America Stainless Steel Market Share, By Product, By Value, 2019–2029

Table 108    Latin America Stainless Steel Market Share, By Application, By Value, 2019–2029

Table 109    Latin America Stainless Steel Market Share, By Country, By Value, 2019–2029

Table 110    Brazil Stainless Steel Market Size, By Value (USD Million), 2019–2029

Table 111    Brazil Stainless Steel Market Share, By Grade, By Value, 2019–2029

Table 112    Brazil Stainless Steel Market Share, By Product, By Value, 2019–2029

Table 113    Brazil Stainless Steel Market Share, By Application, By Value, 2019–2029

Table 114    Mexico Stainless Steel Market Size, By Value (USD Million), 2019–2029

Table 115    Mexico Stainless Steel Market Share, By Grade, By Value, 2019–2029

Table 116    Mexico Stainless Steel Market Share, By Product, By Value, 2019–2029

Table 117    Mexico Stainless Steel Market Share, By Application, By Value, 2019–2029

Table 118    Argentina Stainless Steel Market Size, By Value (USD Million), 2019–2029

Table 119    Argentina Stainless Steel Market Share, By Grade, By Value, 2019–2029

Table 120    Argentina Stainless Steel Market Share, By Product, By Value, 2019–2029

Table 121    Argentina Stainless Steel Market Share, By Application, By Value, 2019–2029

Table 122    Peru Stainless Steel Market Size, By Value (USD Million), 2019–2029

Table 123    Peru Stainless Steel Market Share, By Grade, By Value, 2019–2029

Table 124    Peru Stainless Steel Market Share, By Product, By Value, 2019–2029

Table 125    Peru Stainless Steel Market Share, By Application, By Value, 2019–2029

Table 126    Rest of LATAM Stainless Steel Market Size, By Value (USD Million), 2019–2029

Table 127    Rest of LATAM Stainless Steel Market Share, By Grade, By Value, 2019–2029

Table 128    Rest of LATAM Stainless Steel Market Share, By Product, By Value, 2019–2029

Table 129    Rest of LATAM Stainless Steel Market Share, By Application, By Value, 2019–2029

Table 130    Middle East & Africa Stainless Steel Market Size, By Value (USD Million), 2019–2029

Table 131    Middle East & Africa Stainless Steel Market Share, By Grade, By Value, 2019–2029

Table 132    Middle East & Africa Stainless Steel Market Share, By Product, By Value, 2019–2029

Table 133    Middle East & Africa Stainless Steel Market Share, By Application, By Value, 2019–2029

Table 134    Middle East & Africa Stainless Steel Market Share, By Country, By Value, 2019–2029

Table 135    Saudi Arabia Stainless Steel Market Size, By Value (USD Million), 2019–2029

Table 136    Saudi Arabia Stainless Steel Market Share, By Grade, By Value, 2019–2029

Table 137    Saudi Arabia Stainless Steel Market Share, By Product, By Value, 2019–2029

Table 138    Saudi Arabia Stainless Steel Market Share, By Application, By Value, 2019–2029

Table 139    UAE Stainless Steel Market Size, By Value (USD Million), 2019–2029

Table 140    UAE Stainless Steel Market Share, By Grade, By Value, 2019–2029

Table 141    UAE Stainless Steel Market Share, By Product, By Value, 2019–2029

Table 142    UAE Stainless Steel Market Share, By Application, By Value, 2019–2029

Table 143    Qatar Stainless Steel Market Size, By Value (USD Million), 2019–2029

Table 144    Qatar Stainless Steel Market Share, By Grade, By Value, 2019–2029

Table 145    Qatar Stainless Steel Market Share, By Product, By Value, 2019–2029

Table 146    Qatar Stainless Steel Market Share, By Application, By Value, 2019–2029

Table 147    Kuwait Stainless Steel Market Size, By Value (USD Million), 2019–2029

Table 148    Kuwait Stainless Steel Market Share, By Grade, By Value, 2019–2029

Table 149    Kuwait Stainless Steel Market Share, By Product, By Value, 2019–2029

Table 150    Kuwait Stainless Steel Market Share, By Application, By Value, 2019–2029

Table 151    South Africa Stainless Steel Market Size, By Value (USD Million), 2019–2029

Table 152    South Africa Stainless Steel Market Share, By Grade, By Value, 2019–2029

Table 153    South Africa Stainless Steel Market Share, By Product, By Value, 2019–2029

Table 154    South Africa Stainless Steel Market Share, By Application, By Value, 2019–2029

Table 155    Nigeria Stainless Steel Market Size, By Value (USD Million), 2019–2029

Table 156    Nigeria Stainless Steel Market Share, By Grade, By Value, 2019–2029

Table 157    Nigeria Stainless Steel Market Share, By Product, By Value, 2019–2029

Table 158    Nigeria Stainless Steel Market Share, By Application, By Value, 2019–2029

Table 159    Algeria Stainless Steel Market Size, By Value (USD Million), 2019–2029

Table 160    Algeria Stainless Steel Market Share, By Grade, By Value, 2019–2029

Table 161    Algeria Stainless Steel Market Share, By Product, By Value, 2019–2029

Table 162    Algeria Stainless Steel Market Share, By Application, By Value, 2019–2029

Table 163    Rest of MEA Stainless Steel Market Size, By Value (USD Million), 2019–2029

Table 164    Rest of MEA Stainless Steel Market Share, By Grade, By Value, 2019–2029

Table 165    Rest of MEA Stainless Steel Market Share, By Product, By Value, 2019–2029

Table 166    Rest of MEA Stainless Steel Market Share, By Application, By Value, 2019–2029

Table 167    Acerinox S.A. Company Overview

Table 168    Acerinox S.A. Financial Overview

Table 169    Aperam Stainless Company Overview

Table 170    Aperam Stainless Financial Overview

Table 171    ArcelorMittal Company Overview

Table 172    ArcelorMittal Financial Overview

Table 173    Baosteel Group Company Overview

Table 174    Baosteel Group Financial Overview

Table 175    Jindal Stainless Company Overview

Table 176    Jindal Stainless Financial Overview

Table 177    Nippon Steel Corporation Company Overview

Table 178    Nippon Steel Corporation Financial Overview

Table 179    Outokumpu Company Overview

Table 180    Outokumpu Financial Overview

Table 181    POSCO Company Overview

Table 182    POSCO Financial Overview

Table 183    ThyssenKrupp Stainless GmbH Company Overview

Table 184    ThyssenKrupp Stainless GmbH Financial Overview

Table 185    Yieh United Steel Corp. Company Overview

Table 186    Yieh United Steel Corp. Financial Overview

Table 187    TISCO (Taiyuan Iron and Steel Group Company Overview

Table 188    TISCO (Taiyuan Iron and Steel Group Financial Overview

Table 189    AK Steel Holding Corporation Company Overview

Table 190    AK Steel Holding Corporation Financial Overview

Table 191    Sandvik AB Company Overview

Table 192    Sandvik AB Financial Overview

Table 193    Nisshin Steel Co., Ltd Company Overview

Table 194    Nisshin Steel Co., Ltd Financial Overview

Table 195    JFE Steel Corporation Company Overview

Table 196    JFE Steel Corporation Financial Overview

Market Segmentation

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Frequently Asked Questions (FAQs):

Ans: Global Isostatic Pressing Market size was estimated at USD 122.36 Billion in 2022.
Ans: Global Stainless Steel Market size is expected to grow at a CAGR of 6.58% during the forecast period between 2023 and 2029.
Ans: Global Stainless Steel Market size is expected to reach a market value of USD 179.36 billion by 2029.
Ans: The flat segment accounts for a higher market share in the Global Stainless Steel Market by product.
Ans: The 300 series segment holds the highest market share in the Global Stainless Steel Market by grade.
Ans: Key players in the Global Stainless Steel Market include Acerinox S.A., Aperam Stainless, ArcelorMittal, Baosteel Group, Jindal Stainless, Nippon Steel Corporation, Outokumpu, POSCO, ThyssenKrupp Stainless GmbH, Yieh United Steel Corp., TISCO (Taiyuan Iron and Steel Group), AK Steel Holding Corporation, Sandvik AB, Nisshin Steel Co., Ltd, and JFE Steel Corporation.
Ans: Major factors driving the growth of the Global Stainless Steel Market include increasing demand in construction and infrastructure projects, growth in the automotive industry, expanding applications in the manufacturing sector, and rising preference for corrosion-resistant materials. Market dynamics also respond to fluctuations in raw material prices and technological advancements.