Stainless Steel Market Size, Share, Growth Analysis, By Type(Cold Rolled Flat, Hot Plate & Sheet), By Grade(200 Series, 300 Series), By Application(Metal Products, Electrical Machinery) - Industry Forecast 2024-2031

Report ID: SQSG15O2001 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 96 | Figures: 76

Share your requirements to help us to customize the report.

I acknowledge that I have read the Privacy Policy

Confidentiality

We respect your privacy rights and safeguard your personal information. We prevent the disclosure of personal information to third parties.

License Type Top market research company in USA

File Type

Analyst Support

$5,300

BUY NOW GET FREE SAMPLE

FAQs

Stainless Steel Market size was valued at USD 113.39 billion in 2019 and is poised to grow from USD 186.24 billion in 2023 to USD 197.29 billion by 2031, growing at a CAGR of 7.4% in the forecast period (2024-2031).

Acerinox S.A., ArcelorMittal, Nippon Steel Corporation, ThyssenKrupp Stainless GmbH, and ThyssenKrupp Stainless GmbH are important metal producers active in the market. These firms are actively engaged in market partnerships, product development, mergers and acquisitions, and capacity expansion in order to maintain and expand their market share. The steel company ThyssenKrupp Stainless GmbH produces steel. The business produces steel-based products for clients using both hot and cold rolled techniques. In addition, the business engages in acquisition, R&D, and steel innovation to satisfy consumer demand. 'ArcelorMittal', 'Outokumpu', 'POSCO', 'Acerinox', 'Jindal Stainless', 'Aperam', 'Thyssenkrupp', 'Nippon Steel Corporation', 'Sandvik AB', 'AK Steel', 'Carpenter Technology Corporation', 'ATI', 'Baosteel Group', 'Guangxi Beibu Gulf International Port Group', 'Allegheny Technologies Incorporated', 'Jiangsu Shagang Group', 'Nisshin Steel Co. Ltd.', 'North American Stainless', 'Bristol Metals, LLC', 'Ulbrich Stainless Steels & Special Metals, Inc.'

Automotive Industry's Rapid Development Will Boost the Stainless-Steel Market Growth

There will be lucrative prospects for stainless steel market to expand significantly as a result of rising product consumption in the building industry. Due to its high cost, this type of steel was initially not frequently used for structural purposes in buildings. However, during the past ten years, technical improvements have greatly increased the availability and affordability of this steel while also enhancing its corrosion resistance and durability.

In 2020, Asia Pacific stainless steel market was valued at USD 126.01 billion. The steel industry has seen tremendous technical innovation and infrastructure development in the region, which has further supported market expansion. China is holding the largest market share and the quickest rate of economic growth in this area. One of the key reasons driving product demand in China is the rise in steel production, research and development activities, and the expanding construction sector.

Feedback From Our Clients

"We have purchased recently a report from SkyQuest Technology, and we are happy to inform you that this report was so useful and practical for our team. Skyquest Team was very active and our queries were followed up completely.It was amazing. "

- Mr. Ali Zali, Commercial Director, ICIIC Iran.

Stainless Steel Market Size, Share, Growth Analysis, By Type(Cold Rolled Flat, Hot Plate & Sheet), By Grade(200 Series, 300 Series), By Application(Metal Products, Electrical Machinery) - Industry Forecast 2024-2031

Share your requirements to help us to customize the report.

Confidentiality

FAQs

What is the market size of Stainless Steel Market?

Who are the key vendors in the Stainless Steel Market?

What is the key driver of Stainless Steel Market?

What is the key market trend for Stainless Steel Market?

Which region accounted for the largest share in Stainless Steel Market?

Related Reports

Feedback From Our Clients

$5,300