Reports
Sale
Middle East and Africa Stainless Steel Market Size, Analysis: By Type: Cold Flat, Hot Coils, Hot Bars/Wire Rod, Cold Bars/Wire, Hot Plate and Sheet, Others; By Application: Metal Products, Mechanical Engineering, Construction, Automotive and Transportation, Electrical Machinery, Others, Regional Analysis; Competitive Landscape; 2024-2032
Middle East and Africa Stainless Steel Market Outlook
The Middle East and Africa stainless steel market size reached USD 9.07 billion in 2023. The market is expected to grow at a CAGR of 3.8% between 2024 and 2032, reaching almost USD 12.75 billion by 2032.
Key Takeaways
- Gulf Cooperation Council (GCC) members, responsible for a quarter of global crude oil production, are driving significant developments in oil and gas infrastructure, leading to a surge in seamless pipeline projects. SeAH Gulf Special Steel's substantial investment of USD 270 million in a new stainless steel pipe factory, slated to begin operations in 2025, underscores the rising prominence of stainless steel across industries.
- Additionally, Saudi Arabia is experiencing notable growth in its real estate sector, with agreements totalling USD 2.13 billion dedicated to infrastructure and community development projects across the Kingdom.
Stainless steel is a versatile alloy primarily composed of iron with high chromium content, enhanced by elements like nickel, molybdenum, and others. Its corrosion resistance, durability, and aesthetic appeal make it a favoured material across industries including construction, automotive, and infrastructure. Despite setbacks from the COVID-19 pandemic, the industry rebounded in 2021 driven by demand from construction and automotive sectors driving the Middle East and Africa stainless steel market growth.
In the Middle East, stainless steel is experiencing robust growth due to expanding construction, automotive, and infrastructure industries. Its corrosion resistance and strength make it ideal for architectural finishes, structural elements, and automotive components. The region's focus on sustainability aligns with stainless steel's recyclability and longevity, driving further market expansion.
Architects and engineers favour stainless steel for its corrosion resistance in challenging environments. In construction, it is used for beams, columns, railings, roofing, and more. The Middle East's stainless steel market growth is fuelled by infrastructure projects and industrial expansion, evidenced by major investments like SeAH Gulf Special Steel's USD 270 million seamless pipe factory.
Saudi Arabia's real estate boom and the UAE's transition to sustainable materials highlight growing demand for stainless steel in the region. With significant investments in stainless steel production and a focus on sustainability, the Middle East and Africa stainless steel market development is expected to witness continued growth and innovation.
Market Segmentation
Middle East and Africa Stainless Steel Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Type
- Cold Flat
- Hot Coils
- Hot Bars/Wire Rod
- Cold Bars/Wire
- Hot Plate and Sheet
- Others
Market Breakup by Application
- Metal Products
- Mechanical Engineering
- Construction
- Automotive and Transportation
- Electrical Machinery
- Others
Market Breakup by Country
- Saudi Arabia
- United Arab Emirates
- Nigeria
- South Africa
- Others
Competitive Landscape
Key players in the stainless steel market in Middle East and Africa offer products utilising advanced technologies and sustainable production practices while carrying out mergers and acquisitions.
- Nippon Steel Corporation
- Aperam SA
- Outokumpu Oyj
- POSCO Co., Ltd.
- Acerinox S.A.
- ArcelorMittal S.A.
- JFE Steel Corporation
- Others
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Type |
|
| Breakup by Application |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Global Stainless Steel Market Overview
8.1 Key Industry Highlights
8.2 Global Stainless Steel Historical Market (2018-2023)
8.3 Global Stainless Steel Market Forecast (2024-2032)
8.4 Global Stainless Steel Market Share by Region
8.4.1 North America
8.4.2 Europe
8.4.3 Asia Pacific
8.4.4 Latin America
8.4.5 Middle East and Africa
9 Middle East and Africa Stainless Steel Market Overview
9.1 Key Industry Highlights
9.2 Middle East and Africa Stainless Steel Historical Market (2018-2023)
9.3 Middle East and Africa Stainless Steel Market Forecast (2024-2032)
10 Middle East and Africa Stainless Steel Market by Type
10.1 Cold Flat
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Hot Coils
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Hot Bars/Wire Rod
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Cold Bars/Wire
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Hot Plate and Sheet
10.5.1 Historical Trend (2018-2023)
10.5.2 Forecast Trend (2024-2032)
10.6 Others
11 Middle East and Africa Stainless Steel Market by Application
11.1 Metal Products
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Mechanical Engineering
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Construction
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Automotive and Transportation
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Electrical Machinery
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Middle East and Africa Stainless Steel Market by Country
12.1 Saudi Arabia
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 United Arab Emirates
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Nigeria
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 South Africa
12.4.1 Historical Trend (2018-2023)
12.4.2 Forecast Trend (2024-2032)
12.5 Others
13 Market Dynamics
13.1 SWOT Analysis
13.1.1 Strengths
13.1.2 Weaknesses
13.1.3 Opportunities
13.1.4 Threats
13.2 Porter’s Five Forces Analysis
13.2.1 Supplier’s Power
13.2.2 Buyer’s Power
13.2.3 Threat of New Entrants
13.2.4 Degree of Rivalry
13.2.5 Threat of Substitutes
13.3 Key Indicators of Demand
13.4 Key Indicators of Price
14 Value Chain Analysis
15 Trade Data Analysis (HS Code - 7218)
15.1 Major Importing Countries
15.1.1 By Volume
15.1.2 By Value
15.2 Major Exporting Countries
15.2.1 By Volume
15.2.2 By Value
16 Price Analysis
17 Competitive Landscape
17.1 Market Structure
17.2 Company Profiles
17.2.1 Nippon Steel Corporation
17.2.1.1 Company Overview
17.2.1.2 Product Portfolio
17.2.1.3 Demographic Reach and Achievements
17.2.1.4 Certifications
17.2.2 Aperam SA
17.2.2.1 Company Overview
17.2.2.2 Product Portfolio
17.2.2.3 Demographic Reach and Achievements
17.2.2.4 Certifications
17.2.3 Outokumpu Oyj
17.2.3.1 Company Overview
17.2.3.2 Product Portfolio
17.2.3.3 Demographic Reach and Achievements
17.2.3.4 Certifications
17.2.4 POSCO Co., Ltd.
17.2.4.1 Company Overview
17.2.4.2 Product Portfolio
17.2.4.3 Demographic Reach and Achievements
17.2.4.4 Certifications
17.2.5 Acerinox S.A.
17.2.5.1 Company Overview
17.2.5.2 Product Portfolio
17.2.5.3 Demographic Reach and Achievements
17.2.5.4 Certifications
17.2.6 ArcelorMittal S.A.
17.2.6.1 Company Overview
17.2.6.2 Product Portfolio
17.2.6.3 Demographic Reach and Achievements
17.2.6.4 Certifications
17.2.7 JFE Steel Corporation
17.2.7.1 Company Overview
17.2.7.2 Product Portfolio
17.2.7.3 Demographic Reach and Achievements
17.2.7.4 Certifications
17.2.8 Others
18 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Stainless Steel Market: Key Industry Highlights, 2018 and 2032
2. Middle East and Africa Stainless Steel Market: Key Industry Highlights, 2018 and 2032
3. Middle East and Africa Stainless Steel Historical Market: Breakup by Type (USD Billion), 2018-2023
4. Middle East and Africa Stainless Steel Market Forecast: Breakup by Type (USD Billion), 2024-2032
5. Middle East and Africa Stainless Steel Historical Market: Breakup by Application (USD Billion), 2018-2023
6. Middle East and Africa Stainless Steel Market Forecast: Breakup by Application (USD Billion), 2024-2032
7. Middle East and Africa Stainless Steel Historical Market: Breakup by Country (USD Billion), 2018-2023
8. Middle East and Africa Stainless Steel Market Forecast: Breakup by Country (USD Billion), 2024-2032
9. Major Importing Countries by Volume
10. Major Exporting Countries by Volume
11. Major Importing Countries by Value
12. Major Exporting Countries by Value
13. Middle East and Africa Stainless Steel Market Structure
Key Questions Answered in the Report
The market is estimated to be valued at USD 9.07 billion in 2023.
The market is projected to grow at a CAGR of 3.8% between 2024 and 2032.
The stainless steel market is expected to witness significant growth to reach USD 12.75 billion in 2032.
The market is categorised according to its type, which includes cold flat, hot coils, hot bars/wire rod, cold bars/wire, hot plate and sheet, and others.
The key market players are Nippon Steel Corporation, Aperam SA, Outokumpu Oyj, POSCO Co., Ltd., Acerinox S.A., ArcelorMittal S.A., JFE Steel Corporation, and others.
The market is driven by factors that include expanding construction, automotive, and infrastructure industries along with increasing investments in various industries, among others.
The market is categorised according to its application, which includes metal products, mechanical engineering, construction, automotive and transportation, electrical machinery, and others.
China accounts for the largest consumption of stainless steel globally with industries, urbanisation and infrastructural development increasing the demand.
Purchase Options 10% off
Call us
Purchase Full Report
Mini Report
$ 2199
$1999
-
Selected Sections, One User
-
Printing Not Allowed
-
Email Delivery in PDF
-
Free Limited Customisation -
Post Sales Analyst Support -
50% Discount on Next Update
Single User License
$ 3299
$2999
-
All Sections, One User
-
One Print Allowed
-
Email Delivery in PDF
-
Free Limited Customisation -
Post Sales Analyst Support -
50% Discount on Next Update
Five User License
$ 4399
$3999
-
All Sections, Five Users
-
Five Prints Allowed
-
Email Delivery in PDF
-
Free Limited Customisation
-
Post Sales Analyst Support
-
50% Discount on Next Update
Corporate License
$ 5499
$4999
-
All Sections, Unlimited Users
-
Unlimited Prints Allowed
-
Email Delivery in PDF + Excel
-
Free Limited Customisation
-
Post Sales Analyst Support
-
50% Discount on Next Update
Any Question? Speak With An Analyst
View A Sample
Did You Miss Anything, Ask Now
Why Expert Market Research?
Right People
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
Right Methodology
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
Right Price
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Right Support
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.
NEWSLETTER